How the World’s Most Valuable Resource is Reinventing Inventory with nVentic’s Matthew Bardell & Dan Weil #61
If you consider data more valuable than oil, then nVentic’s approach to inventory management is the key to striking gold.
Tackling an issue shared by most organisations, Founder Dan Weil and Managing Director Matthew Bardell are the bright minds behind a technology that analyses data to give businesses actionable insights.
Behind this is a dynamic between the Founder and Managing Director, which we dive into in this episode of Extrology.
Lee, Matthew & Dan discuss:
Adding value with the right questions
How Matthew and Dan build algorithms to solve core issues
The power of data, and how to create ‘Data Lakes’
Being motivated by the mission, not a quick sell
The AI landscape, and why they’re hesitant to describe their work with the term
Links & references
Lee Cooper: https://www.linkedin.com/in/leecooperrecruiter/
Matthew Bardell: https://www.linkedin.com/in/matthewbardell/
Dan Weil: https://www.linkedin.com/in/dan-weil-7199986/
https://www.linkedin.com/company/nventic/
nVentic: https://nventic.com/
https://www.linkedin.com/company/nventic/
Get in touch: lee@extrology.com
Episode highlights:
“I started off developing core algorithms, and once you apply those algorithms to 10,000 items, you can work out what good is - because most people don't actually know what good is.” - 7:30 - Dan Weil
“I met Dan, on my very first project as a consultant. You come across people in life, that you think they've got something that I can learn from them. My PhD supervisor was another one. I'm very lucky that I work with very capable and good people wherever I've been.” - 16:00 - Matthew Bardell
“Anyone who questions things can usually add value, if you're asking intelligent questions and thinking, ‘Surely there's a better way of doing this’.” - 20:00 - Matthew Bardell
“A lot of companies have invested in ‘Data Lakes’ in recent years, and ended up with ‘Data Swamps’.” - 34:00 - Dan Weil
“AI is a nice word, but remember - the first word says ‘artificial’. Computers do what you tell them to do, nothing more and nothing less.” - 39:00 - Dan Weil
“One of the benefits of setting up a company when you're in your 40s, 50s, 60s, as opposed to in your 20s, is that you've already got a network of people who do all of these different things.” - 47:05 - Matthew Bardell
“I'm not much of one for hero worship in that sense. Obviously, there are plenty of people out there who've done particularly impressive things as well. But we all have a story and I admire large numbers of people I encounter on a daily basis.” - 52:15 - Matthew Bardell
Extrology is sponsored by Progresso Talent Partners who for more than 25 years have successfully delivered interim and permanent leadership talent to transform businesses and to hire the talent you need to enable your business to thrive: https://www.progressotalent.com/