Business Leaders Malta partners up with new data science company Lobeslab to power up data front

Business Leaders Malta leverages artificial intelligence and machine learning in a new partnership with data science company Lobeslab.

The new collaboration brings BI and AI to the table in a bid to revolutionise business operations by helping companies make data a core part of their future business.

“Big Data may be a tired phrase, but the data boom is on a spurt and it’s not stopping. One look at companies such as Amazon and Google, and there’s no denying that companies on the leading edge of the BI and AI revolution are feeding off of it to augment existing services, maximise operations and lead the way in their respective industries”, said BLM CEO Morgan Parnis.

“In a business landscape as dynamic and ever-evolving as this one, the need for businesses to tap into their data and harness it to its utmost potential has become excruciatingly important. Not using your data is a bit like piloting a ship without following your navigation equipment. You may still cruise around from point to point, but you’re doing so blindly and that’s not going to end well. Tapping into your data gives you the direction you so need to streamline this process”, he said.

A record number of world-renowned organisations (97.2%) are already investing in big data and artificial intelligence initiatives, a study which surveyed 60 Fortune 1000 companies shows (Big Data and AI Executive Survey, New Vantage Venture Partners, 2018).

The same study also indicates that big data is currently delivering the most value to enterprises by improving decision making (69%), decreasing expenses (60.9%), accelerating the speed to market (54.1%) and improving customer service (53.4%).

Everything changes once the focus is turned onto the European and local landscape. According to Eurostat data, out of 28 European Union countries, only 12% of businesses reported having analysed big data in 2018. Out of these, Malta ranked highest with 24% of Maltese businesses reporting having undergone some type of big data analysis, an increase of 5% since 2016.

Lobeslab helps organisations drive real business value by empowering businesses to create maximum value out of data. The start-up company offers a full range of business intelligence services including data gathering, data cleaning, data management, data warehousing, data analysis, data visualisation, system automation (machine learning) and Tailored  training.  

Business Leaders Malta is a fully-fledged company comprised of three main brands: event management and business consultancy BLM itself, market research company Esprimi, and further/higher educational institution Academy of Business Leaders.

Amongst the various services offered, BLM specialises in business consultancy, conference management, the delivery of accredited courses, and market, employee and media research solutions.