All Blog Posts Tagged 'dsc_cxo' (134)

Making Informed Decisions in Imperfect Situations with Bayes’ Theorem – Part 2

In my blog “Making Informed Decisions in Imperfect Situations”, I discussed the importance of properly and objectively framing the decision that we seek to make and how that impacts the data that we gather (and ignore) in an effort to make an informed decision. That is:

Are you trying to gather data to determine the right decisions or are…


Added by Bill Schmarzo on November 21, 2021 at 6:30am — No Comments

Common Mistakes When Outsourcing Private Data and How to Avoid Them

The majority of companies choose to outsource their ML solution. It makes sense since AI development demands unique and hard-to-obtain expertise and experience. That is why it's better to work with a team that specializes in this kind of development.…


Added by Yulia Gavrilova on November 14, 2021 at 7:21pm — No Comments

Quantification of the Prioritization Matrix

One key challenge to a successful data and analytics strategy is gaining consensus and alignment between the business and data science (data & analytic) stakeholders in identifying and prioritizing the use cases that 1) deliver sufficient value to the business, while 2) possess a high probability of success.  One can find many use cases that can…


Added by Bill Schmarzo on November 13, 2021 at 8:00am — 2 Comments

How to Make a Career in Big Data Engineering

Big data is now the hottest new IT trend with several opportunities. Companies are keen on hiring big data engineers. They work with databases and massive data processing systems in large-scale computing environments. They create and prepare companies' big data tools, and infrastructure, and are the brains behind gathering data from various sources…


Added by Aileen Scott on November 8, 2021 at 6:22am — 1 Comment

Tips to Manage and Build an Effective Distributed Team

A distributed scrum team refers to a team where individuals work in the same team on the same project but are located in different locations physically. The distributed scrum team also refers to virtual teams or remote teams, which means that being a distributed team member, you can work from your desired location and collaborate with other…


Added by Mitul Makadia on November 2, 2021 at 2:00am — No Comments

Mastering the Data Economic Multiplier Effect and Marginal Propensity to Reuse

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…


Added by Bill Schmarzo on October 27, 2021 at 10:30am — No Comments

Reframing the CXO Conversation:  From “Data Monetization” to “Value Creation”

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…


Added by Bill Schmarzo on October 22, 2021 at 7:30am — No Comments

Understanding the Role of Project Managers

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,…


Added by Yuri Filatov on October 22, 2021 at 2:00am — No Comments

Big Data Analytics: How it Enables Digital Transformation

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…


Added by Ryan Williamson on October 19, 2021 at 4:30am — No Comments

Cloud Consulting Services: A New Paradigm Emerges

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…


Added by Divyesh Aegis on October 11, 2021 at 3:00am — No Comments

How to build trust in AI

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…


Added by Nora Winkens on October 7, 2021 at 11:30pm — No Comments

Companies who had AI and Digital at their core have fared far better in the pandemic

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…


Added by ajit jaokar on September 26, 2021 at 11:00am — No Comments

Software Demos that Say, 'I Hear You'

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.…


Added by Kartik Patel on September 16, 2021 at 8:00pm — No Comments

How Businesses Are Using Data Analytics for Better Operational Efficiency

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…


Added by Imenso Software on September 13, 2021 at 1:30am — 1 Comment

4 Ways of Monetization Your Data

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…


Added by Bill Schmarzo on September 12, 2021 at 5:30am — No Comments

Why Disruptive and Sustainable Are the Key Factors of Innovation?

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: 



Added by Maitray Gadhavi on September 10, 2021 at 2:30am — No Comments

AI for Business Communication: How Effective Is It Really?

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…


Added by Gaurav Sharma on September 9, 2021 at 2:30am — 2 Comments

Reframing Data Management:  Data Management 2.0

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…


Added by Bill Schmarzo on September 5, 2021 at 12:00pm — 13 Comments

How to Build an AI Center of Excellence

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…


Added by Monjima Nandi on September 1, 2021 at 6:30pm — No Comments

The Acceleration of the Move to the Cloud - What’s Next for Data Strategy?

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…


Added by Assaf Jacoby on August 26, 2021 at 9:30am — No Comments

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