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
Professional athletes know the importance of developing opposing or complementary muscles (quadriceps and hamstrings, biceps and triceps). These complementary muscles are sets of muscles that “work together” to move your body in the most efficient ways. If these muscles are strengthened together, it creates a balance that can lead to optimal performance. However, if these muscles are not strengthened together, then one significantly increases the risk of…Continue
Added by Bill Schmarzo on February 13, 2019 at 4:44am — No Comments
I loved playing StarCraft, though I seldom played against other humans (my sons in particular, because they absolutely kick my butt). But ah, there is finally revenge for “Dad the Data Nerd”, and it’s known as AlphaStar. AlphaStar was developed by Google’s DeepMind AI group to leverage artificial intelligence (AI)…Continue
Added by Bill Schmarzo on February 1, 2019 at 2:40pm — No Comments
Call it a “Forrest Gump moment;” an instance of being in the right place at the right time for no other reason than just plain luck. A “Forrest Gump moment” is based upon Tom Hanks’ character in the movie “Forrest Gump,” a guy who always seemed to be in the right place at the right time meeting Presidents Kennedy, Johnson and Nixon at critical points in American history.
I too have had a Forrest Gump moment in meeting President Reagan, however, my deeper Forrest Gump…Continue
Added by Bill Schmarzo on January 25, 2019 at 1:50pm — No Comments
“If” by Rudyard Kipling
If you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or being lied about, don’t deal in lies,
Or being hated, don’t give way to…Continue
Added by Bill Schmarzo on January 19, 2019 at 6:56am — No Comments
In my most recent blog “Design Thinking Humanizes Data Science”, I discussed how Design Thinking and Data Science complement each other. They are not just two sides of the same coin, but the same side of the same coin in their objectives to “diverge before converging” in driving business stakeholder collaboration with respect to identifying, brainstorming and…Continue
Added by Bill Schmarzo on January 15, 2019 at 12:24pm — No Comments
Nothing strikes terror into the hearts of humans more than the idea of an intelligent robot gone bad. The fear is that a robot can acquire the ability to learn and adapt to the point of superseding their human creators…and with evil intentions.
From Gort (“The Day the Earth Stood Still”) to Sonny (“I, Robot”), films provide a wide variety of potential robot scenarios. Only a few of these film robots have demonstrated artificial intelligence to the point…Continue
Added by Bill Schmarzo on January 7, 2019 at 6:03am — No Comments
What does it mean, as a vendor, to say that you support the Internet of Things (IOT) from an analytics perspective?
I think the heart of that question really boils down to this:
What are the differences between big data(which is analyzing large amounts of mostly human-generated data to support longer-duration use cases such as predictive maintenance, capacity planning, customer 360 and revenue protection) and…Continue
Added by Bill Schmarzo on January 5, 2019 at 1:00pm — No Comments
The article “Cognitive Hub: The Future of Work” and the supporting infographic (see Figure 1) provides an interesting perspective on some “technology combinations” that could transform the workplace of the future, all enabled by Artificial Intelligence (AI):
Added by Bill Schmarzo on January 3, 2019 at 5:14pm — No Comments
For my final class this year at the University of San Francisco School of Management, I taught the students using nothing but infographics. Not only was it fun for me, but I think the students enjoyed being able to summarize their learnings from the semester through group discussions centered around the infographics. The infographics provide a visual opportunity to meld the three fundamental concepts that I believe every business leader needs to understand to be…Continue
I’m missing my Thursday evening Big Data MBA classes at the University of San Francisco School of Management (though I expect my students are glad that ordeal is over). One of my biggest learnings from this semester was around how to properly construct an actionable and measurable business hypothesis. One of the common mistakes is starting with an overly-simplified business objective such as:
Added by Bill Schmarzo on December 21, 2018 at 5:30am — No Comments
It’s that time of year again when I look into the Crystal Skull…er, ball, and make some predictions of the continuing challenges and new trends I foresee in Big Data and Data Science for the coming year.
Digital Transformation moves beyond just…Continue
Added by Bill Schmarzo on December 5, 2018 at 8:43am — No Comments
I'm reposting this blog (with updated graphics) because I still get many questions about the difference between Business Intelligence and Data Science. Hope this blog helps.
I recently had a client ask me to explain to his management team the difference between a Business Intelligence (BI) Analyst and a Data Scientist. I frequently hear this question, and typically resort to showing Figure 1 (BI Analyst vs. Data Scientist Characteristics chart, which shows the different attitudinal…Continue
Added by Bill Schmarzo on December 2, 2018 at 7:00am — No Comments
The third annual University of San Francisco (USF) MBA class Golden State Warriors analytics exercise provided an opportunity to test the students’ ability to “Think Like a Data Scientist” with respect to identifying and quantifying variables that might be better predictors of performance for the Golden State Warriors professional basketball team. This was also an opportunity to test and fine-tune the Hypothesis Development Canvas, and boy was that an eye-opener for me. The…Continue
Added by Bill Schmarzo on November 28, 2018 at 1:10pm — No Comments
My last University of San Francisco School of Management class of the semester is coming up this week. However instead of a normally boring presentation from me to cap the semester, we are going to review a few infographics to summarize our lessons from the semester.
I also want to use this blog to give credit to Arielle Winchester for her creativity and patience to work with me in the construction of these infographics. Here are my Top 10 infographics from…Continue
Added by Bill Schmarzo on November 25, 2018 at 6:00am — No Comments
Data science development is very different from software development, and getting the two to mesh is sometimes like trying to cobble together Tinker Toys with Lincoln Logs. One data science expert once described the differences as:
Software development is “Measure twice; cut once,” while Data Science is “Cut, cut, cut!”
The methodologies and processes that support successful software development do not work for data science projects according to one…Continue
Added by Bill Schmarzo on October 17, 2018 at 4:23am — No Comments
Organizations looking for justification to move beyond legacy reporting, should review this little ditty from the healthcare industry:
The report identified six major areas of waste: unnecessary services ($210 billion annually); inefficient…Continue
Added by Bill Schmarzo on October 2, 2018 at 2:30pm — No Comments
AI has snuck into our daily lives and there is nothing to stop it. Not only does AI power autonomous vehicles, but AI already decides what products you should buy, what movies you should watch, what music you should listen to, and whom you should date. If you talk to your iPhone, Google Home, and Amazon Echo, you are talking to an AI engine that powers these personal virtual assistants. AI decides whether you are approved for a loan, determines the outcome of a job applications, identifies…Continue
Added by Bill Schmarzo on September 30, 2018 at 2:11pm — No Comments