Before we dive deep into the topic let's ask a few questions to yourself and start diving into it as deep as you want to…!!!
Coming to the…Continue
Added by Kranthikiran Diddi on June 25, 2019 at 8:45am — No Comments
Wait, the AI advantage is already here and gone?
That’s what Deloitte warns in their report “Future in the balance? How countries are pursuing an AI advantage”.A noteworthy quote:
“There are indications that the window for competitive differentiation with AI is rapidly closing. As AI technologies become easier to consume and get embedded in…Continue
Imagine…imagine that you have been challenged to play Steph Curry, the greatest 3-point shooter in the history of the National Basketball Association, in a game of 1x1. Yea, a pretty predictable outcome for 99.9999999% of us.
But now image that Steph Curry has to wear a suit of knight’s armor as part of that 1x1 game. The added weight, the obstructed vision, and the lack of flexibility, agility and mobility would probably allow even the average basketball…Continue
Added by Bill Schmarzo on June 17, 2019 at 2:52am — No Comments
In my previous blog “How DevOps Drives Analytics Operationalization and Monetization”, I discussed the critical and complementary role of DevOps to operationalize and monetize the analytics that came out of the Data Science development process. While the combination of Design Thinking and Data Science accelerate the creation of more effective, more…Continue
Added by Bill Schmarzo on June 6, 2019 at 11:14pm — No Comments
I recently wrote a blog "Interweaving Design Thinking and Data Science to Unleash Economic Value of Data" that discussed the power of interweaving Design Thinking and Data Science to make our analytic efforts more effective. Our approach was validated by a recentMcKinsey article titled “Fusing data and…Continue
Added by Bill Schmarzo on June 1, 2019 at 9:35am — No Comments
Digital capabilities leverage customer, product and operational insights to digitally transform business models. And nowhere is this more evident than the rush by industrial companies to digitally transform consumption models by transitioning from selling products to selling [capabilities]-as-a-service (thusly, Xaas). For example:
There is this very intriguing Enterprise Car Rental commercial on TV (I’m old school and still watch my commercials on a television) that shows a glimpse into future driving behaviors enabled by autonomous vehicles (see Figure 1).…Continue
Added by Bill Schmarzo on May 17, 2019 at 1:14am — No Comments
In many of my presentations and lectures, I have made the following declaration:
In Big Data, it isn’t the volume of data that’s interesting, it’s the granularity; it’s the ability to build detailed analytic or behavioral profiles on every human and every device that ultimately drives monetization.
Ever-larger volumes of aggregated data enable organizations to spot trends – what products are hot, what movies or TV shows are trendy, what restaurants or destinations are…Continue
I had the great fortune to sit on an Ericsson-Wired Magazine panel with some outstanding thought leaders to debate the ramifications of the Fourth Industrial Revolution. We debated whether the era was a revolution or just an evolution (I argued revolution because it will force organizations to think differently about their business and operational models) and whether IoT had failed so far (I said that to date it had “under-performed” from a business value…Continue
Added by Bill Schmarzo on May 6, 2019 at 4:34am — No Comments
Did you ever have a concept that you knew was right, but just couldn’t find the right words to articulate that concept? Okay, well welcome to my nightmare. I know that Data Science and Design Thinking share many common characteristics including the power of “might” (i.e., that “might” be a better predictor of performance), “learning through failing” (which is the only way to determine where the edges of the solution really reside), and the innovation liberation…Continue
Added by Bill Schmarzo on April 28, 2019 at 11:54am — No Comments
The Big Data craze caught fire with a provocative declaration that “Data is the New Oil”; that data will fuel the economic growth in the 21stcentury in much the same way that oil fueled the economic growth of the 20thcentury. The “New Oil” analogy was a great way to contextualize the economic value of data; to give the Big Data conversation an easily recognizable face. The Economist recently declared data “…Continue
Added by Bill Schmarzo on April 19, 2019 at 11:15am — No Comments
Describing the Data Science analytics development process has always been a struggle for me. The corporate world is full of linear processes. Major monolithic enterprise applications – ERP, MRP, SFA, CRM systems – have been architected to reduce operational complexity via a series of interlocking, heavily-engineered (and re-engineered) linear processes (though I suspect that anyone who has survived an SAP ERP implementation would take issue with my “reduce…Continue
Added by Bill Schmarzo on April 15, 2019 at 5:17am — No Comments
Nothing like a devastating catastrophe to bring a bit of reality into the world of IoT and data science. The recent crashes of the new Boeing 737 Max have been attributed to a single point of failure – a sensor – in the design of the complex navigation system.
To summarize the situation:
Added by Bill Schmarzo on April 12, 2019 at 4:33am — No Comments
Blog key points:
Added by Bill Schmarzo on April 2, 2019 at 6:15am — No Comments
Key points of this blog include:
Added by Bill Schmarzo on March 29, 2019 at 10:43am — No Comments
I suck at the NCAA March Madness® bracket selection process. I let my personal biases get in the way of making decisions based upon the numbers. I over-rate the well-known Big Ten conference and under-rate the lesser-known Mid Majors and fall in love with the most recent team I saw on TV win their conference tournament. You see, I fall prey to all the common decision-making traps – recency bias, over-confidence, anchoring, risk aversion, framing…Continue
Added by Bill Schmarzo on March 18, 2019 at 5:48pm — No Comments
Key topics of this blog:
Added by Bill Schmarzo on March 15, 2019 at 5:04am — No Comments
Why should companies care about Digital Transformation? Yes, I know it appears as yet another technology-drunk buzzword, but what about Digital Transformation should make it EVERY organizations’ #1 strategic business initiative. One word: Economics. And your Digital Transformation initiative must start with understanding the fundamental differences in creating value or wealth from an accounting versus an economics…Continue
Added by Bill Schmarzo on March 4, 2019 at 3:40pm — No Comments
This blog will cover the following “Future of Smart” initiative topics:
Added by Bill Schmarzo on March 1, 2019 at 7:30pm — No Comments
There are several technology and business forces in-play that are going to derive and drive new sources of customer, product and operational value. As a set up for this blog on the Economic Value of Data Science, let’s review some of those driving forces.
Added by Bill Schmarzo on February 16, 2019 at 5:32am — No Comments