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All Blog Posts Tagged '#Innovation' (27)

Data Science Lessons from the Apollo Moon Landing

Landing a man on the moon 50 years ago was a true feat of genius, and an outstanding collaboration between many different stakeholders with many differing individual agendas and objectives (not exactly something we’re seeing out of our government leaders today).

BusinessWeek magazine, as always, published an exceptional article titled “Five Management Lessons the Apollo…

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Added by Bill Schmarzo on August 18, 2019 at 5:22am — No Comments

Neural Networks:  Is Meta-learning the New Black?

I’ve written several times about how the “economies of learning” are more powerful than the “economies of scale”.  Through a continuous learning and refinement process, organizations can simultaneously drive down marginal costs while accelerating time-to-value and de-risking projects via digital asset re-use and refinement (see Figure 1).…

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Added by Bill Schmarzo on August 10, 2019 at 11:12am — No Comments

Value Engineering: The Secret Sauce for Data Science Success

The business, economic and social good that can be delivered courtesy of data science is almost unbounded; it has the potential to improve healthcare, public safety, transportation, education, environment, manufacturing, communities and the overall quality of life. If what your organization seeks is to exploit the potential of data science to power your business models; then your next question is “How do I achieve that?”  And that’s the topic of…

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Added by Bill Schmarzo on August 5, 2019 at 4:07am — No Comments

What is “The Art of Thinking Like a Data Scientist” Workbook and Why It Matters

For over 3 decades, my passion has been to assist organizations leverage the business potential of data and analytics and help them envision where and how data and analytics can generate new sources of customer, product and operational value. Maybe my fascination with data and analytics started in my youth with “Strat-o-Matic Baseball” but it certainly caught fire at Metaphor Computers in the 1980’s…

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Added by Bill Schmarzo on July 31, 2019 at 10:24am — 3 Comments

Value Chains vs Network…Make Way for Co-creation Business Models

 Before I kick off this new blog, I’m happy to announce the release of my 3rd book” "The Art of Thinking Like A Data Scientist”. This book is designed to be a workbook – a pragmatic tool that you can use to help your organization leverage data and analytics to power your business and operational models. The book is jammed with templates, worksheets, examples and…

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Added by Bill Schmarzo on July 19, 2019 at 12:58pm — No Comments

Return of the Thriller “3 Horizons of Digital Transformation”

In “Importance of Thinking Differently…Hint: Don’t Pave the Cow Path”, I introduced the concept of the “3 Horizons of Digital Transformation.”  I wanted to provide a framework that helped organizations differentiate between “Digitalization” versus “Digital Transformation”.  Unfortunately, in succeeding client engagements, I realized I did a crappy job of explaining these 3…

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Added by Bill Schmarzo on July 13, 2019 at 12:25pm — No Comments

Scaling Innovation:  Whiteboards versus Maps

I love watching the NBA’s Golden State Warriors play basketball. Their offensive “improvisation” is a thing of beauty in their constant ball movement in order to find the “best” shot. They are a well-oiled machine optimizing split-second decisions in an ever-changing landscape that is heavily influenced by questions such as:

  • Who is my defender?
  • What are the strengths of my defender?
  • From where is help likely to come if I make a move to the basket?
  • Who…
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Added by Bill Schmarzo on July 5, 2019 at 12:51pm — No Comments

How Do You Win the Data Science Wars?  You Cheat By Doing The Necessary Pre-work!

“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…

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Added by Bill Schmarzo on January 19, 2019 at 6:56am — No Comments

Exploit the Economics of Artificial Intelligence with Design Thinking and Data Science

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…

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Added by Bill Schmarzo on January 15, 2019 at 12:24pm — No Comments

Design Thinking Humanizes Data Science

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):

  • AI + Internet of Things (IoT) yields workplace decision support
  • AI + Human-machine Interaction…
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Added by Bill Schmarzo on January 3, 2019 at 5:14pm — No Comments

In a World of AI Delirium, Data is the Source of Business Value

A report from Accentureclearly highlights those companies that don’t want to capitalize on AI will not survive the future (see Figure 1).  Adopt or die.  Yippee Ki Yay, Mr. Falcon.…

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Added by Bill Schmarzo on December 28, 2018 at 6:06am — No Comments

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

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