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All Blog Posts Tagged '#SmartCity' (13)

What is DataOps and Why It’s Critical to the Data Monetization Value Chain

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…

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Added by Bill Schmarzo on June 6, 2019 at 11:14pm — No Comments

How DevOps Drives Analytics Operationalization and Monetization

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…

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Added by Bill Schmarzo on June 1, 2019 at 9:35am — No Comments

Xaas Business Model: Economics Meets Analytics

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:

  • The key issue for the airlines is to maximize their core revenue generating mechanisms:flight scheduling and the hours…
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Added by Bill Schmarzo on May 24, 2019 at 3:48am — 3 Comments

Importance of Thinking Differently…Hint: Don’t Pave the Cow Path

Moo…

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).…

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Added by Bill Schmarzo on May 17, 2019 at 1:14am — No Comments

In Big Data, It’s Not the Volume that’s Important, It’s the Granularity

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…

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Added by Bill Schmarzo on May 9, 2019 at 11:37am — 4 Comments

Smart Manufacturing and What It Means to Win the 1% Race

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…

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Added by Bill Schmarzo on May 6, 2019 at 4:34am — No Comments

Interweaving Design Thinking and Data Science to Unleash Economic Value of Data

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…

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Added by Bill Schmarzo on April 28, 2019 at 11:54am — No Comments

Data Curation: Weaving Raw Data into Business Gold

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 “…

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Added by Bill Schmarzo on April 19, 2019 at 11:15am — No Comments

Why Data Science Development Process is like Playing Game Boy® Final Fantasy

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…

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Added by Bill Schmarzo on April 15, 2019 at 5:17am — No Comments

Real-World Data Science Challenge: When Is “Good Enough” Actually “Good Enough”

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[1]. 

To summarize the situation:

  • Boeing’s new 737 MAX included larger, more efficient engines than the previous generation and as such, the engines were…
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Added by Bill Schmarzo on April 12, 2019 at 4:33am — No Comments

Economic Value of Learning and Why Google Open Sourced TensorFlow

Blog key points:

  • Google open-sourced TensorFlow to gain tens of thousands of more users across hundreds (thousands) of new use cases to improve the predictive effectiveness of the platform that runs Google’s business.
  • In the digital economy, the economies of learning are more powerful than the economies of scale.
  • Organizations must avoid building orphaned analytics—one-off analytics developed to address a specific business need but are never “operationalized”…
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Added by Bill Schmarzo on April 2, 2019 at 6:15am — No Comments

Using the Digital Transformation Journey Workbook to Deliver “Smart” Spaces

Key points of this blog include:

  • Digital Transformation sweeps aside traditional industry borders to create new sources of customer and operational value
  • Unfortunately, Digital Transformation and “smart” initiatives are struggling, and organizations will need a more pragmatic approach to successful execution per Forrester research
  • Organizations must define their “smart” initiatives from perspective of stakeholder…
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Added by Bill Schmarzo on March 29, 2019 at 10:43am — No Comments

6 Ways Internet of Things is Already Changing Everything around Us

Connected devices, Smart City, home automation, e-health, Big Data ... In recent years, the concepts of communicating objects have multiplied. In reality, they are all one facet of the same upheaval - the Internet of Things.

Cars can be driven without a driver, TVs are going online, and heating systems are activated automatically to the arrival of the residents. The Internet is making many processes in daily life easier. The Internet of Things, or IoT, which enable devices to…

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Added by Jason Li on August 11, 2016 at 6:30am — No Comments

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