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All Blog Posts Tagged '#DigitalTransformation' (88)

Developing a Big Data / Data Science / Design College Curriculum with Infographics

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…

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Added by Bill Schmarzo on December 25, 2018 at 4:30am — 2 Comments

Using the Economics Value Curve to Drive Digital Transformation

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:

  • Improve customer subscription renewals by…
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Added by Bill Schmarzo on December 21, 2018 at 5:30am — No Comments

Digital Transformation is Messy, Dirty and Ugly. Here’s How to Embrace it!

Gartner recently published a report titled “CIO Agenda 2019: Exploit Transformational Technologies” that states the following:

“Whether it’s AI, quantum computing or conversational platforms, digital business is underpinned by technology. But with a seemingly endless amount of technologies to invest in, where are CIOs focused?”…

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Added by Bill Schmarzo on December 14, 2018 at 7:02am — 1 Comment

USF Hackathon: Making a Business Hypothesis Actionable with Prescriptive Outcomes

The opportunity to watch and coach the University of San Francisco (USF) students during our annual Hackathon with our friends at Good Dataprobably taught me as much as it taught the students. The lessons learned I’ll share here will not only benefit future classes, but my customers.  It also gives me an opportunity to make special mention of one Hackathon team that really delivered the goods!…

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Added by Bill Schmarzo on December 10, 2018 at 5:23pm — No Comments

2019 Big Data and Data Science Predictions Through the Lens of Comedy Movies

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.

It’s Data “Business Model” Transformation, not Digitalization

Digital Transformation moves beyond just…

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Added by Bill Schmarzo on December 5, 2018 at 8:43am — No Comments

Using Hypothesis Development Canvas to Predict Golden State Warrior Victories

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…

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Added by Bill Schmarzo on November 28, 2018 at 1:10pm — No Comments

Dean of Big Data’s Favorite Infographic Picks of 2018

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…

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Added by Bill Schmarzo on November 25, 2018 at 6:00am — No Comments

Turning Your Culture Into a Design Culture

Design is very easy to comprehend when you are building customer-centric products or services. Heck, it makes total sense to start from the customer perspective and to use the multitude of design thinking techniques to identify, validate, value and prioritize customers’ most important needs.  We got Personas, Journey Maps, Storyboards, Prototypes, Mockups, Canvases and such to help us intimately understand our customers, their environments and what it is they are trying to…

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Added by Bill Schmarzo on November 20, 2018 at 6:55pm — No Comments

Dean of Big Data Driving the Snakes of Data Science Out of Ireland

I recently had the great opportunity to keynote the Analytics Institute of Ireland’s annual conference.  The event was marvelous!  Over 500 attendees, outstanding presentations from an impressive lineup of presenters, and heavy engagement from the participants before, during and after my keynote.

Lorcan Malone, CEO of…

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Added by Bill Schmarzo on November 15, 2018 at 3:30pm — No Comments

The benefits of an AI Strategy for organizations worldwide

When people hear about Artificial Intelligence, things like Deep Learning, Robots and the automation of repetitive tasks in companies often come to mind. Nowadays the Artificial Intelligence research is in niches, it's called narrow AI, not one capable of making conclusions based on common sense yet. 

The main obstacle to the mainstream…

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Added by Renato Azevedo Sant Anna on November 12, 2018 at 7:48pm — No Comments

Hypothesis Development Canvas Version 0.4

In the blog “Data Science ‘Paint by the Numbers’ with the Hypothesis Development Canvas,” I introduced the Hypothesis Development Canvas as a tool for linking an organization’s data science activities with the organization’s strategic business initiatives (see Figure 1). …

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Added by Bill Schmarzo on November 10, 2018 at 1:16pm — No Comments

How Millennials Should View the World of Data Science

Many of my MBA students are perplexed about how much data science capabilities and skills they need in order to get hired.  It appears that in many job interviews, employers are looking for students who have both business subject matter as well as data science expertise. Here is an example of such a conversation:

MBA Student: I get lots of questions about my data science skills. I don't understand the need for that from me. I will never be as good as a…

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Added by Bill Schmarzo on November 8, 2018 at 1:38pm — No Comments

The Power of Reframing and the Economics of Starting Pitching

I’m a big fan of Woody Allen’s earlier movies such as “Bananas”, “Sleeper” and especially the award winning “Annie Hall.”  One of the things that always impressed me about Woody Allen was his ability to reframe the conversation in a way that was both provocative and creative. For example in the movie “Annie Hall”, there is a scene where Annie Hall (played by Diane Keaton) and Alvy Singer (played by Woody Allen) are sitting with their respective psychoanalysts when they are both asked…

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Added by Bill Schmarzo on November 1, 2018 at 4:03am — No Comments

Data Science “Paint by the Numbers” with the Hypothesis Development Canvas

 When I was a kid, I use to love “Paint by the Numbers” sets.  Makes anyone who can paint or color between the lines a Rembrandt or Leonardo da Vinci (we can talk later about the long-term impact of forcing kids to “stay between the lines”).

 

Well, the design world is applying the “Paint by the Numbers” concept using design canvases. …

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Added by Bill Schmarzo on October 23, 2018 at 7:00am — No Comments

Critical Thinking and Becoming “Students of Data Science”

Social media and internet search scare me because it is so easy to acquire information without also acquiring the associated knowledge. It’s easy to find almost any information via search or social media, but an effective “student of data scientist” (as well as any effective future leader) must learn to discern easily acquired information with a sense of skepticism. To quote the character Dr. Ian Malcolm (played skillfully by Jeffrey Goldblum) in the movie “Jurassic Park:”…

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Added by Bill Schmarzo on October 20, 2018 at 12:29pm — No Comments

Embracing Conflict to Fuel Digital Innovation

When talking to clients about their business goals, most business executives are pretty clear as to what they want to accomplish, such as reducing customer churn or reducing inventory costs or improving quality of care or improving product line profitability.  But these “one dimensional” business initiatives really don’t push the organization’s innovative thinking.  For example, I can easily reduce marketing costs if I significantly reduce advertising and…

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Added by Bill Schmarzo on October 20, 2018 at 4:03am — No Comments

Embracing Conflict to Fuel Digital Innovation

When talking to clients about their business goals, most business executives are pretty clear as to what they want to accomplish, such as reducing customer churn or reducing inventory costs or improving quality of care or improving product line profitability.  But these “one dimensional” business initiatives really don’t push the organization’s innovative thinking.  For example, I can easily reduce marketing costs if I significantly reduce advertising and…

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Added by Bill Schmarzo on September 12, 2018 at 4:21am — No Comments

Why Accept the Hype? Time to Transform How We Approach Emerging Technology

It’s like a rite of passage – a new technology pops onto the scene and the “pundits,” analysts and venture capitalists (among others) immediately start to over-hype the technology:

It’ll stop world hunger

It’ll cure cancer

It’ll end poverty

It’ll help the Cubs win the World Series (okay, that one was true)

And the ultimate result? The technology is forced to traverse the infamous Gartner Hype Cycle, soaring to the Peak of…

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Added by Bill Schmarzo on September 7, 2018 at 5:10am — No Comments

A Winning Game Plan For Building Your Data Science Team

One of the most exciting challenges I have at Hitachi as the Vice-Chairmen of Hitachi’s “Data Science 部会” is to help lead the development of Hitachi’s data science capabilities. We have a target number of people who we want trained and operational by 2020, so there is definitely a sense of urgency. And I like urgency because it’s required to sweep aside the inhibitors and resistors to change.

I started this assignment with a blog titled “…

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Added by Bill Schmarzo on August 31, 2018 at 7:30pm — No Comments

Prioritization Matrix:  Aligning Business and IT On The Big Data Journey

One key challenge to a successful Big Data journey is gaining consensus and alignment between the business and IT stakeholders in identifying the initial big data business use cases that 1) deliver sufficient value to the business, while 2) possessing a high probability of success.  One can find multiple business use cases where big data and advanced analytics can deliver compelling business value.  However, many of these use cases have a low probability of…

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Added by Bill Schmarzo on August 22, 2018 at 8:51am — No Comments

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