#74: AI is redefining and revolutionizing auditory health🦻
Hello,
This newsletter will take you about 4 minutes to read.
I. Spotlight: AI is redefining and revolutionizing auditory health🦻
Imagine sitting in a grand concert hall eagerly awaiting the start of a symphony. At last, the play begins, but the music is muted. After waiting for minutes in frustration, the sound finally comes through. However, the audio is distorted - at times too faint, and at other times drowned out by the surrounding chatter.
Therefore, what was supposed to be a joyous experience turns into a disheartening fiasco. This is what countless individuals experience with hearing loss - surrounded by life's orchestra but unable to relish its melody.
The World Health Organization estimates more than 1.5 billion people - nearly one out of every five on the planet - live with varying degrees of hearing loss. Even worse, over 2.5 billion worldwide could experience this disability by 2050.
Beyond the personal implications, unaddressed hearing loss carries a hefty annual global price tag of USD 980 billion in healthcare costs, educational support, and lost productivity.
Hurdles to treating hearing loss
When one person speaks to another, their auditory cortex helps to focus on the speech by tuning out other noises. This part of the brain then analyzes sound characteristics, interprets them as words, and helps one understand the words. This intricate process happens in humans’ auditory cortexes and is responsible for their hearing. When this ability substantially diminishes, people require interventions such as hearing aids. Existing hearing aids provide some relief, but several significant challenges impact patient satisfaction and outcomes throughout the process:
II. Industry Roundup:
1. Article: Harnessing AI's Full Potential - 5 Adoption Essentials For Enterprise Success
06 minutes | Forbes | Bernard Marr
AI is significantly impacting business and life, potentially adding $15 trillion to the global economy by 2030. Effective implementation requires five key things: 1) Aligning AI with business goals, 2) creating an AI-friendly culture, 3) having the right skills, 4) addressing ethical issues, and 5) managing the data properly. Check out why they are key for success and maximizing impact in the AI-driven future.
2. Article: Why Your Company Needs Data-Product Managers
07 minutes | HBR | Thomas H. Davenport, Randy Bean, and Shail Jain
Despite all the buzz around AI, companies still struggle to implement analytics models. What’s a key missing role in the mix? Data product manager. This role oversees the development and deployment of 'data/analytics products', managing diverse teams and understanding customer needs. Armed with data knowledge and product management expertise, these folks ensure the effective use of business solutions in order to unlock value from data in the enterprise.
III. From my Desk:
1. Talk: Data Culture at the 18th MIT CDOIQ Conference in Boston
I’ll be taking the stage at MIT CDOIQ, the 18th edition of the Annual Chief Data Officers symposium. Organized from July 16-18 in Boston, this is an impressive gathering of 3500+ global data leaders. My session is titled “Gamifying Data Culture to Unlock Business ROI - An Interactive Guide for CDOs”, and I’ll be presenting this along with Karan Dhawal, a data & analytics thought leader.
-> Registration & Session Details
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Ganes.
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I’m Ganes Kesari. I publish ‘Data-Driven Future’ to help understand how data shapes our world, explore key trends, and explain what they mean for you today. I speak and write to demystify data science for decision-makers and organizations.
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