Extracting marketing value from data

As businesses strive to become more data-driven, the challenge lies not amassing data for
data's sale, but in getting the right data.

According to research from Harvard Business Review, data records are so prone to critical errors that less than three percent of data meets basic quality standards. Accuracy matters, and banking on the wrong data can translate into serious business losses. In 2016 IBM estimated that losses due to poor data quality cost the US economy $3.1 trillion annually

Gary Read, CEO of Import.io, a web data integration solution provider, spoke about how his business gathers data from publicly available websites and puts it into a common format to enable organizations to gain insights that can inform their marketing strategy.  What Import.io does is take care of the data so that businesses can focus on the insights.

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Tapping Data for Marketing Insights

Got sarcasm?

I'm being sarcastic." We've all had at least one exchange in which we either had to explain or had someone else explain that what was said was not intended to be taken straight. Generally, you need to know something about both the context and the speaker to grasp when to take a statement at face value or interpret it as sarcastic.

That's why it's particularly challenging to get handle on intent when attempting sentiment analytics on social media. For artificial intelligence to truly understand what humans mean, it needs emotional intelligence, as well. Iyad Rahwan, an associate professor the MIT Media lab and one of his students, who developed the algorithm with one of, Bjarke Felbo worked on just that.

The results are what they call Deep Moji. Described as "artificial emotional intelligence," Deep Moji was trained on millions of emojis "to understand emotions and sarcasm." Rahwan explained to MIT's Technology Review that in the context of online communication emojis take on the function of body language or tone in offering nonverbal cues for meaning.

Read more in Emojis Train AI to Recognize Sarcasm