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:
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).…Continue
Added by Bill Schmarzo on May 17, 2019 at 1:14am — No Comments
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…Continue
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…Continue
Added by Bill Schmarzo on May 6, 2019 at 4:34am — No Comments
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…Continue
Added by Bill Schmarzo on April 28, 2019 at 11:54am — No Comments
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 “…Continue
Added by Bill Schmarzo on April 19, 2019 at 11:15am — No Comments
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…Continue
Added by Bill Schmarzo on April 15, 2019 at 5:17am — No Comments
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.
To summarize the situation:
Added by Bill Schmarzo on April 12, 2019 at 4:33am — No Comments
Blog key points:
Added by Bill Schmarzo on April 2, 2019 at 6:15am — No Comments
Key points of this blog include:
Added by Bill Schmarzo on March 29, 2019 at 10:43am — No Comments
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…Continue
Added by Jason Li on August 11, 2016 at 6:30am — No Comments