In this series of blog posts, we’ve been covering how much of what is badged “AI” is actually based in: machine learning, deep learning, statistical analysis and mathematical modelling. When these techniques are used in small business along with automation, they can help drive efficiency, innovation, and growth. If you’re wondering where to start, look… Continue reading Building an AI Strategy: Steps for Businesses to Get Started
Tag: statistics
Why is AI a big but poorly understood topic?
Artificial intelligence (AI) has become one of the most talked concepts in business and technology today, but understanding how these tools can add value is less well understood. Algorithms such as large language models and automating processes have enormous potential to support small business, particularly when looking to scale and increase efficiency. That doesn’t mean… Continue reading Why is AI a big but poorly understood topic?
Inflation: A statistic hiding in plain sight
Statistics provide an important window into our economy and how it affects people across the UK. But statistics are not always as easy to spot as you might think – especially when reported alongside other figures relating to economic conditions. It’s important to recognise that, whereas numbers like the Bank of England’s interest rate are… Continue reading Inflation: A statistic hiding in plain sight
Bays’ mission, vision and values
One of the huge perks of owning a business is working with the team to define the company mission, vision and values. We did this last year, but recently we realized they were no longer fit for purpose – that’s not to say that we’d fundamentally changed what the company does, but how we explain… Continue reading Bays’ mission, vision and values