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Mark Stouse

πŸ‘€ Speaker
125 total appearances
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Podcast Appearances

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

And I would say this the, the only pivot that we've really made in that is that we, we work primarily with finance teams today.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

looking at the the objective performance of different parts of the company that would include go to market but not even remotely exclusively that and we started out selling to marketers and that that was a hard sell because once you really figure out what causal inference and causal ai really represent you realize that you're looking at

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

something that's going to really show you the facts of the of what's going on and that can be a little scary and and so the only people at that time that weren't well they they not only weren't terrified they were eager

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

To find out more, we're finance leaders, and that is only proven to be more and more true.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

Well, causal AI is fundamentally about causal inference, which is not a new idea.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

The math on it has been around for a very long time.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

It is substantially more representative of reality than correlation.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

Correlation...

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

is essentially, Hey, we saw that when it's sunny outside, we sell more ice cream, but clearly.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

The sun didn't cause the sale of more ice cream.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

Those two things just move together in time.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

And so, if anything, the sun in that sense would be what mathematicians call a confounder.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

And that's a negative word, but what it really means is

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

Something that you don't control that has an impact that you don't control, but it's not the whole thing.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

It's by no means right.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

We're talking about a network of causes and effects that stretch out over time.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

The time lag is totally variable with the business and with the industry and with the market situation.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

This is, you know, we're talking about something that the marketplace reality is highly variable and correlative systems are breaking right now all over the place.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

because of that extraordinary volatility and high velocity change.

The Digital Executive
Mark Stouse: Why Causal AI Beats Correlation | Ep 1269

Two really primo examples of this that have nothing to do with go-to-market would be the chairman of the Fed commented about this about a month ago, and in his world,