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All Blog Posts Tagged '#DOBD' (82)

Analytics Maturity: from Descriptive to Autonomous Analytics

In Chapter 8 of my new book “The Economics of Data, Analytics, and Digitalization Transformation”, I discuss the 8 Laws of Digital Transformation.  My goal for chapter 8 was to push folks out of their comfort zones, especially with respect to how they are defining Digital Transformation success. Why?…

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Added by Bill Schmarzo on July 26, 2021 at 9:00am — No Comments

How Design Thinking Bookends Data Science

Hallelujah brother, I’ve seen the light!

I’m a HUGE believer in the liberating mindset of Design Thinking. For example, Design Thinking not only makes Data Science more effectively, but it helps avoid the devastating unintended consequences of an AI capability that can continuously-learn and adapt at speeds exponentially…

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Added by Bill Schmarzo on July 22, 2021 at 6:00am — No Comments

It’s Insights Monetization, Not Data Monetization

Okay, this is on me.  I own it.  My blog “Why Data Monetization is a Waste of Time” created quite a stir.  I loved it.  I’d like to take this “data monetization” conversation one step further:

Most organizations should not be…

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Added by Bill Schmarzo on July 11, 2021 at 3:00pm — No Comments

Defining “Value” – the Key to AI Success

I recently conducted a 3-day, remote “Data Monetization: Thinking Like a Data Scientist” workshop for a transportation agency in the Middle East.  Doing this training remotely is a personal challenge as I miss the face-to-face interaction in ideating, validating, and prioritizing the business areas that can benefit from data and analytics.  However,…

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Added by Bill Schmarzo on July 5, 2021 at 12:00pm — No Comments

Costs of Being an Analytics Laggard…And Path to Becoming a Leader

How much money is your organization leaving on the table by not being more effective at leveraging data and analytics to power your business?

This question is becoming more and more relevant for all organizations of all sizes in all industries as AI / ML capabilities become more widely available.  And nothing highlights the…

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Added by Bill Schmarzo on June 28, 2021 at 8:30am — No Comments

Why Data Monetization is a Waste for Most Companies

Here, let’s start this blog with some controversy:

“For most organizations, data monetization is a total waste of time”

I've been having lots of conversations recently about where the Data and Analytics organization should report.  Good anecdotal insights, but I wanted to complement those conversations with some raw data.  So, I…

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Added by Bill Schmarzo on June 20, 2021 at 1:30pm — 2 Comments

What Movies Can Teach Us About Prospering in an AI World – Part 2

Figure 1: The movie Big: “I don’t get it”

In the blog “What Movies Can Teach Us About Prospering in an AI World – Part 1”, I laid out the challenge that us humans will face surviving in a world dominated by AI.  I discussed the…

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Added by Bill Schmarzo on June 13, 2021 at 10:00am — No Comments

What Movies Can Teach Us About Prospering in an AI World – Part 1

In his book “Outliers”, Malcom Gladwell unveils the "10,000-Hour Rule" which postulates that the key to…

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Added by Bill Schmarzo on June 6, 2021 at 6:00am — No Comments

Dean of Big Data: 2021-2022 Data & Analytics Trends

I’m starting to see the big consultancies and advisory services coming out with their lists of “what’s hot” from a data and analytics perspective.  While I may not have the wide purview of these organizations, I certainly do work with some interesting organizations who are at various points in their data and analytics journey.

With that…

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Added by Bill Schmarzo on May 30, 2021 at 2:00pm — No Comments

Mastering the Data Monetization Roadmap

Senior executives trained in accounting continue to struggle to understand how to determine the value of their data. The article “Why Your Company Doesn’t Measure The Value Of Its Data Assets” written by Doug Laney (by the way, why does the Forbes web site absolutely bury the reader in ads?) contains a telling comment from a senior accounting firm…

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Added by Bill Schmarzo on May 24, 2021 at 5:31am — No Comments

The Danger of Making Decisions based upon Averages

“If you make decisions based upon averages, at best, you’ll get average results”

During the 1950s[1], United States Air Force pilots were having trouble controlling their planes. The problem turned out to be the cockpit, or more specifically, the fact that the cockpit…

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Added by Bill Schmarzo on May 16, 2021 at 5:30am — 2 Comments

Data Apps and the Natural Maturation of AI

Figure 1: How Data and Analytics Mastery is Transforming The S&P 500

Artificial Intelligence (AI) has proven its ability to re-invent key business processes, dis-intermediate customer relationships, and transform industry value chains.  We only need to check out the market…

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Added by Bill Schmarzo on May 9, 2021 at 8:30am — No Comments

Unleashing the Business Value of Technology Part 4: Delivering Value

We are now ready to wrap up the four-part series on how technology vendors – especially data and analytic technology vendors (and what technology vendors are not involved in data and analytics nowadays) – can help their customers to “unleash the business value of their technology investments.”

I wrote this four-part series because in my…

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Added by Bill Schmarzo on May 2, 2021 at 2:00pm — No Comments

Unleashing the Business Value of Technology Part 3: Envisioning Value

In part 1 of the 4-part blog series, “Unleashing the Business Value of Technology Part 1: Framing the Challenge”, I introduced the 3 stages of “unleashing business value”:  1) Connecting to Value, 2) Envisioning Value and 3)…

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Added by Bill Schmarzo on April 18, 2021 at 5:30am — No Comments

Orphaned Analytics: The Great Destroyers of Economic Value

I’m overjoyed to announce the release of my latest book “The Economics of Data, Analytics, and Digital Transformation.”  The book takes many of the concepts discussed in this blog to the next level of pragmatic, actionable detail.  Thanks for your support!

I recently read…

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Added by Bill Schmarzo on April 11, 2021 at 11:30am — No Comments

Data Monetization Teenage Sex Conundrum

“Data Monetization.  Data Monetization. Data Monetization.”

Every business executive chants this mantra like it’s a magical incantation for driving an organization’s digital transformation. Heck, it reminds me of the “Shame. Shame. Shame chant from the Game of…

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Added by Bill Schmarzo on April 5, 2021 at 7:30am — 1 Comment

Unleashing the Business Value of Technology Part 2: Connecting to Value

Figure 1: Unleashing the Value of Technology Roadmap

In part 1 of the blog series “…

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Added by Bill Schmarzo on March 29, 2021 at 7:00am — No Comments

Homework Assignment: Create a COVID19 At-Risk Score

Figure 1: The Art of Thinking Like a Data Scientist

I love teaching because the onus is on me to clearly and concisely communicate my concepts to my students.  As I told my students, if I am describing a concept and you don’t…

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Added by Bill Schmarzo on March 24, 2021 at 7:30am — No Comments

Unleashing the Business Value of Technology Part 1: Framing the Challenge

My recent journeys have brought me before both technology vendors and technology customers, and interestingly enough, both are asking the same question:

“How do we unleash the value of our technology investments?”

For technology vendors, more and more of their success is tied to their ability to help their customers unleash the…

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Added by Bill Schmarzo on March 15, 2021 at 4:00pm — No Comments

Data Science 2.0: From Analytic Outputs to Business Outcomes

Figure 1: “Data Science Roadmap 2021” by FreeCodeCamp

The “Data Science Learning Roadmap for 2021” in Figure 1 created by FreeCodeCamp…

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Added by Bill Schmarzo on March 9, 2021 at 9:00am — No Comments

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