Many organisations are awash with data but do not know what to do with it. I hear from many business leaders that leading consultancies are guilty of not giving clear, concise advice for some reason. The business leaders bring in consultants and they will give a really good blueprint, but what they need is clear actionable advice that they can use immediately.

I take a more holistic view of research, after studying the Law of Large Numbers, I know the algorithms work. The ability to take huge amounts of data from people who think that they are acting independently but actually you can start to predict what they want by using the Law of Large Numbers, for example, Spotify predicts quite accurately your music and Amazon are excellent at predicting products that you also need. The more information you give to AI the better it will get.

A good example of a company who looks outside of the data for their competitive advantage is Patagonia. Patagonia have a genuine interest in their customers and what their customers want, what inspires them and what's affecting their lives. These things are becoming more and more of a competitive advantage, and I love Patagonia’s value-based business model and the fact they say “No!” to Black Friday.