Note: this blog introduces the concept of the Marginal Propensity to Reuse which is the primary driver behind the Data Economic Multiplier Effect and the Schmarzo Economic Digital Asset Valuation Theorem.  The Marginal Propensity to Reuse states that an increase in the reuse of a data set across…

As data becomes the ubiquitous source of economic value creation, organizations need an end-to-end “data-driven value creation lifecycle” that speaks to and aligns the business executives and the data and analytics teams around the CEO business mandate to unleash the business (or economic) value of the organization’s vast data reserves.  The…

Most people think that a Project Manager actually can’t do anything and knows nothing. All this person does is manage other people and the project. In fact, a PM has a lot of specific knowledge in various fields in order to be able to manage the project as a whole. In this article,…

The digital way of life is no longer a distant dream but our current reality and it has served everyone well too. For businesses, especially, it has far-reaching consequences, enabling them to reach newer heights every day. But how does one achieve such digital transformation, you ask? With help from big data; you see, the copious amounts of data…

The foundation of effective information technology management is a safe and strong data infrastructure. More and more businesses are depending on the cloud to guarantee that huge quantities of data are constantly accessible and can be handled efficiently. Either as cloud services, which rely only on capabilities and technologies, or as managed…

A few years back, IT experts and leaders predicted that AI is going to be a major part of our futures, and today, it is here in our living rooms, cars, in our pockets. It is a part of our daily lives and its influence would continue to affect our lifestyles in the coming years. As…

We knew intuitively that companies that have digital technologies and AI at their core have fared better in the pandemic. 

But now, there appears to be some evidence of this as per research by the Boston Consulting Group

The BCG calls these resilient companies by an odd name: ‘Bionic companies’ which can be described by a…

This article is really targeted to business teams and managers who are responsible for establishing the software demo process and guidelines within an organization. While my advice definitely affects those who give the demos, my experience has been that those who demonstrate software are usually following a scripted process established by someone else.…

As the market gets more competitive with time, businesses are altering their strategies to sustain and cater to changing customer needs better. The present era customers have smartened up considerably! They know what they want, and luring them with glitzy ads and lofty marketing…

Ugh.  “Data Monetization” … a term that seems to confuse so many folks (probably thanks to me).  When most folks hear the phrase “data monetization”, they immediately think of “selling” their data.  And while there are some situations in which some organizations can successfully sell their data, there are actually more powerful, more common, and less…

While the world saw rapid technology disruption as an immediate solution to deal with the crisis, the sustainability quotient has come to the forefront with the need for more future-focused goals. Let us delve into the need for a more balanced approach towards innovation: 

Defense…

AI for business communication.

Never heard of it?

I don’t blame you. Until now, artificial intelligence has majorly been used to streamline manufacturing, customer support, documentation, and logistics. Business communication has…

A cartoon making its way around social media asks the provocative question “Who wants clean data?” (Everyone raises their hands) and then asks, “Who wants to CLEAN the data?” (Nobody raises their hands).  I took the cartoon one step further (apology for my artistic skills) and asked, “Who wants to PAY for clean data?” and shows everyone running for…

Artificial intelligence is transforming life as we know it. The COVID-19 pandemic has further accelerated automation and increased enterprise investment in AI across the globe. The global AI market size is expected to grow to USD 309.6 billion by…

The migration to the cloud has accelerated considerably since the start of the COVID-19 pandemic. Analysts at IDC predicted that by the end of 2021, 80% of enterprises will have moved from on-premise data centers to…

Data science and AI has become a requirement for business growth. The technology has advanced enough to predict customer’s choices and satisfy their needs. 

The volume of data generated per day is…

Business intelligence has been making waves all over the world lately, especially in the business side of things. Organizations across all industries have it as a critical component for transformation towards becoming a data-driven enterprise. And, hence it is fueling the need for expanded investments to implement a successful BI strategy with tools,…

Time is evolving minute by minute and day-by-day. Currently, at this point there is no need to have a great product or service if you want to satisfy your customer requirements or retain the market.

One of the methods to place…

Consumers want fast solutions to their problems. With the help of unprecedented innovation in technology, digital transformation empowers businesses to improve the overall business structure and, most notably, the customer experience. While it always made sense to adopt digitization across companies, but the…

Ever thought about what would have been our world without data science? Many and many things would have been different. Understanding customers has been only possible in person; experience would have been the only critical factor to take new risks without knowing or predicting the ultimate outcomes. …