What is the Project Data Analytics night all about?
Martin Paver, founder of the London Project Data and Analytics meetup is a man with a mission. He has a passionate believe that we can make the world of projects delivery a better place improving the way we leverage data within projects, programs and portfolios. He is striving to overcome some of the practical constraints that prevent the full value of projects data being realized and he is working to shine a light on teams that are using projects data to resolve real-world project challenges. As well as exploring how projects data can be exploited using traditional approaches, his meetups often explore how machine learning and AI can be deployed to resolve challenges - drawing on expertise from big big data experts and PMO experts.
This meetup will be exploring how Artificial Intelligence and Data Analytics can be applied in the PMO space to reduce project costs. There are a number of different disciplines in Project Management where AI and Analytics offer benefits, but the evening is focused on AI applications in the sphere of Project Risk Management.
The talk will be delivered by Andy Evans, CEO and founder of Xactium. Xactium (pronounced exact-ium), deliver risk management solutions. Recently they have added Artificial Intelligence functionality to their software. The idea is that their algorithm can use word association and popularity assessment to suggest appropriate risk actions and controls. The software learns as it goes based on user interactions (accepting or rejecting suggestions) and from data (to learn the potential benefits of applying an action or control) to support risk practitioners with decision making.
Andy Evans argues that AI and Data Analytics can reduce project costs by as much as fifteen percent (15%) by making risk management easier for non-risk professionals such as Project Managers. Artificial Intelligence can also help highlight areas of potential risk (and hence cost) that could otherwise be overlooked or missed completely.
In addition to hearing from Andy Evans, attendees will have time for networking over beer and pizza!
Dr Andy Evans (https://www.linkedin.com/in/andy-evans-2879533) has a PhD in Software Engineering and has lectured at the University of Bradford and the University of York. Andy founded Xactium in 2003 and has been at the forefront of adopting and embedding innovative AI and Analytics into the Xactium product suite.