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Bill Schmarzo's Blog (99)

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

Using Data Science and Google Cloud to Win March Madness…Well, Not Really

I suck at the NCAA March Madness® bracket selection process.  I let my personal biases get in the way of making decisions based upon the numbers.  I over-rate the well-known Big Ten conference and under-rate the lesser-known Mid Majors and fall in love with the most recent team I saw on TV win their conference tournament.  You see, I fall prey to all the common decision-making traps – recency bias, over-confidence, anchoring, risk aversion, framing…

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Added by Bill Schmarzo on March 18, 2019 at 5:48pm — No Comments

In Digital Transformation, Economies of Learning More Powerful than Economies of Scale

Key topics of this blog:

  • Economies of scalehave historically given large enterprises unsurmountable market advantages through the exploitation of mass production, distribution and marketing.
  • In Digital Transformation, “Economies of Learning”are more powerful than “Economies of Scale” because of the ability to learn and deploy those learnings within digital assets faster.
  • Classic ERP “Big…
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Added by Bill Schmarzo on March 15, 2019 at 5:04am — No Comments

Why Tomorrow’s Leaders MUST Embrace the Economics of Digital Transformation

Why should companies care about Digital Transformation?  Yes, I know it appears as yet another technology-drunk buzzword, but what about Digital Transformation should make it EVERY organizations’ #1 strategic business initiative.  One word:  Economics. And your Digital Transformation initiative must start with understanding the fundamental differences in creating value or wealth from an accounting versus an economics…

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Added by Bill Schmarzo on March 4, 2019 at 3:40pm — No Comments

A Simple Approach for Pursuing the “Future of Smart” Vision

This blog will cover the following “Future of Smart” initiative topics:

  • Create a common definition or description of what it means to become “smart” and rally the organization around that definition. Confusion in definitions and terminology may be the #1 killer of organizational alignment and corporate innovation.
  • Start with a customer-centric perspective by creating Customer Journey Maps to validate the points of customer, product,…
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Added by Bill Schmarzo on March 1, 2019 at 7:30pm — No Comments

How the Economics of Data Science is Creating New Sources of Value

There are several technology and business forces in-play that are going to derive and drive new sources of customer, product and operational value. As a set up for this blog on the Economic Value of Data Science, let’s review some of those driving forces.

  • Artificial Intelligence holds the economic potential to drastic drive industry and business model disruptions. But having AI technologies is not sufficient, especially when most AI technologies are open source and…
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Added by Bill Schmarzo on February 16, 2019 at 5:32am — No Comments

Optimizing Your Company Right Out of Business

Professional athletes know the importance of developing opposing or complementary muscles (quadriceps and hamstrings, biceps and triceps).  These complementary muscles are sets of muscles that “work together” to move your body in the most efficient ways. If these muscles are strengthened together, it creates a balance that can lead to optimal performance.  However, if these muscles are not strengthened together, then one significantly increases the risk of…

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Added by Bill Schmarzo on February 13, 2019 at 4:44am — No Comments

Reinforcement Learning: Coming to a Home Called Yours!

I loved playing StarCraft, though I seldom played against other humans (my sons in particular, because they absolutely kick my butt).  But ah, there is finally revenge for “Dad the Data Nerd”, and it’s known as AlphaStar.  AlphaStar was developed by Google’s DeepMind AI group to leverage artificial intelligence (AI)…

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Added by Bill Schmarzo on February 1, 2019 at 2:40pm — No Comments

How to Flourish in Industry 4.0, the Fourth Industrial Revolution

Call it a “Forrest Gump moment;” an instance of being in the right place at the right time for no other reason than just plain luck.  A “Forrest Gump moment” is based upon Tom Hanks’ character in the movie “Forrest Gump,” a guy who always seemed to be in the right place at the right time meeting Presidents Kennedy, Johnson and Nixon at critical points in American history.

I too have had a Forrest Gump moment in meeting President Reagan, however, my deeper Forrest Gump…

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Added by Bill Schmarzo on January 25, 2019 at 1:50pm — 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

What We Can Learn about AI and Creating Smart Products from “The Incredibles”

Nothing strikes terror into the hearts of humans more than the idea of an intelligent robot gone bad.  The fear is that a robot can acquire the ability to learn and adapt to the point of superseding their human creators…and with evil intentions.

From Gort (“The Day the Earth Stood Still”) to Sonny (“I, Robot”), films provide a wide variety of potential robot scenarios.  Only a few of these film robots have demonstrated artificial intelligence to the point…

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Added by Bill Schmarzo on January 7, 2019 at 6:03am — No Comments

Difference Between Big Data and Internet of Things

What does it mean, as a vendor, to say that you support the Internet of Things (IOT) from an analytics perspective?

I think the heart of that question really boils down to this:

What are the differences between big data(which is analyzing large amounts of mostly human-generated data to support longer-duration use cases such as predictive maintenance, capacity planning, customer 360 and revenue protection) and…

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Added by Bill Schmarzo on January 5, 2019 at 1:00pm — 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

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