Interview: How can I use data to make better decisions in my job? With Bloomberg Beta

Bloomberg Beta
May 8, 2024
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Originally published on X & LinkedIn

Nomad Data's CEO Brad Schneider spoke with Roy Bahat of Bloomberg Beta on how data can help any knowledge worker make better decisions in their day-to-day work.

In this interview, Brad and Roy discuss the value of using data to make decisions in the workplace. Brad shares anecdotes from his career, highlighting the importance of accessing and leveraging data effectively. Brad emphasizes that the data needed for decision-making often already exists and can be obtained from various sources. He describes Nomad Data's role as a platform connecting users with relevant data providers and simplifying the process of accessing data.

Key takeaways include:

  1. Data Availability: Brad stresses that the data needed for decision-making is often readily available, and many companies are ready to monetize data. He encourages individuals to explore the vast array of data sources beyond traditional databases or APIs.
  2. Use of AI: Brad discusses the role of AI in unlocking insights from data. He highlights AI tools like ChatGPT and enterprise-level AI systems that can analyze vast amounts of data quickly and efficiently, making past knowledge more accessible for decision-making.
  3. Practical Tips: Brad offers practical advice for leveraging data effectively, such as considering the time and resources required to recreate a dataset versus purchasing it, and utilizing AI tools to extract insights from in-house documents and past knowledge.
  4. Ethical Considerations: While accessing data, individuals should consider ethical concerns, such as privacy and security. Brad acknowledges the importance of ethical data practices and suggests evaluating data sources based on their ethical standards.

Watch the interview below:

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