In a closed-door meeting at a Manhattan mansion, executives outlined changes to controversial software that was implicated in two crashes.Aerospace & Defenseread more
Current and former Tesla employees working in the company's open-air "tent" factory say they felt pressure to take shortcuts to hit aggressive Model 3 production goals,...Technologyread more
Minutes from the Reserve Bank of Australia's monetary policy meeting in July showed the central bank was ready to adjust interest rates if required.Asia Marketsread more
President Donald Trump and the RNC are picking up key supporters in the business community who did not back him as a candidate in 2016.2020 Electionsread more
Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the...Retailread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
Epstein is accused of sexually exploiting dozens of underage girls from 2002 through 2005 at his New York and Florida residences. He is a former friend of Presidents Donald...Politicsread more
When you think of Prime Day, you might be thinking about deals on Instant Pots and Amazon Echo devices — not half-off dresses and designer heels. But the market for apparel...Retailread more
David Marcus, the head of Facebook's digital currency project, said the company expects Libra will drive more advertising revenue for the company.Technologyread more
Some White House officials expect the Cabinet secretary, who has known the president for years, to depart as soon as this summer.Politicsread more
"The important thing is that you shouldn't try to hit homeruns this week, because you're much more likely to end up striking out," Jim Cramer says.Mad Money with Jim Cramerread more
It's no secret that big data is becoming central to almost every industry, but Ajeet Singh, the founder and CEO of private business-intelligence player ThoughtSpot, still sees some obstacles.
"We believe that the future belongs to ease of access of data, and we look at big data not as a visualization problem, but really, as a human scale problem," Singh told CNBC in a Tuesday interview with "Mad Money " host Jim Cramer.
It's easy to use comprehensive tools like Tableau Software's offerings to bring data to the average worker, Singh said, but most companies still require professional help to make sense of the information.
"You still need an expert analyst to build a nice dashboard, and it takes about a week to do that. You need, really, fundamentally built technology that can be used by an average business user, and that is what ThoughtSpot provides," Singh, also a co-founder of cloud play Nutanix, told Cramer.
ThoughtSpot makes artificial-intelligence-enabled software that give employees a simpler, Google-search-like way to sift through swaths of data for relevant information. Its technology lets users ask it questions in natural language and instantly get results in the form of answers, charts and dashboards built right away, Singh said.
With 12 Fortune 100 customers and 35 Fortune 500 customers, ThoughtSpot is typically integrated into an enterprise's system and connected to various data sources and end users.
At Chevron, ThoughtSpot is working with the company's human resources department to synthesize employee data, such as which benefits are working well for Chevron's staff, where the company should boost hiring and how it can help people grow their careers, Singh said.
While companies like ServiceNow, Workday and Tableau all have their own ways of organizing administrative data, Singh said that ThoughtSpot is a more streamlined program that can connect to any of their systems to extrapolate their data even further.
"Those systems are systems of record," he said. "ThoughtSpot connects to all those kinds of systems and then has all the data to analyze."
And, though Singh works with artificial intelligence every day, he doesn't share in the view that the technology could eventually get out of human control and wreak havoc on society.
"There has been a lot of discussion about AI taking over the world ... I don't subscribe to that dystopian view of the world. I really think that the key is going to be trust between man and machine," Singh said.
The CEO likened the situation to when Henry Ford first launched the car a century ago and people said that Ford's "fire-spewing monster" should not be let out on the road.
"We have learned to co-exist," Singh said. "The [cars] have to drive in a lane. Similarly, the humans will control the lanes in which AI will have to drive, and that is also a very key thing for ThoughtSpot. Because every time we enable trust between the solution we are providing, we allow our users to look into what we did. So AI is not a black box for them."