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Bill Schmarzo
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  • Palo Alto, CA
  • United States
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Latest Activity

Bill Schmarzo liked Bill Schmarzo's blog post 2020 Forecast: Turning IT into a Profit Center
16 hours ago
Bill Schmarzo's blog post was featured

2020 Forecast: Turning IT into a Profit Center

Data is a unique economic asset; it never depletes, never wears out and can be used across an unlimited number of use cases at near zero marginal cost. Data in the hands of management and operational leadership can be used to drive material, financial, operational and customer impact.  And maybe the best part of this winning data equation? You already own the data! But unfortunately, data is the Rodney Dangerfield of corporate assets – it gets no respect!To exploit the economic potential of…See More
18 hours ago
Bill Schmarzo's blog post was featured

Industry Averages, Benchmarks and the Death of Innovation

Sustaining industry averages and benchmarks are the antithesis of innovation and a great way to ensure average performance. Doing whatever everyone else is doing is a “paving the cow path" management mentality, lacking aspirational goals which are critical for organizations to fuel innovation and create customer and market differentiation. Which brings me to why I teach.As my students and I work through their “Thinking Like a Data Scientist” exercises together, I always learn something new from…See More
Dec 1
EDDISON HAYDEN LEWIS liked Bill Schmarzo's blog post Recessions, Big Data, Data Science and Liberating Power of “Own It”
Nov 29
Bill Schmarzo and Albert Smith are now friends
Nov 28
Bill Schmarzo's 2 blog posts were featured
Nov 24
Bill Schmarzo's blog post was featured

Recessions, Big Data, Data Science and Liberating Power of “Own It”

There, I said it.  I said the “R” word.  And no, I’m not talking the political “R” word.  I’m talking about the potential of a… r-e-c-e-s-s-i-o-n.  There are many indicators pointing to the potential of a worldwide recession, and unfortunately during a recession, many organizations hunker down, cut spending, and try to ride it out – all the wrong things to do if you want to actually avoid a recession.…See More
Nov 17
Bill Schmarzo's blog post was featured

Exploit Economics of Autonomous to Transform Your Organization

One of the biggest threats to our world economy (outside of climate change, social inequality, unregulated proliferation of weapons and the rise of Terminators), is the retirement of the technician and engineering expertise that is necessary to keep our factories, hospitals, cities, trains, airports and other operational entities running effectively.  Deloitte’s 2018 skills gap in manufacturing study found that the skills gap may leave an estimated 2.4 million positions unfilled between 2018…See More
Nov 14
Bill Schmarzo liked Bill Schmarzo's blog post Creating Autonomous Entities: Optimizing Systems of Subsystems
Nov 12
Bill Schmarzo commented on Bill Schmarzo's blog post Using a Bathroom Faucet to Teach Neural Network Basic Concepts
"Thank John-Brian!"
Nov 10
John-Brian commented on Bill Schmarzo's blog post Using a Bathroom Faucet to Teach Neural Network Basic Concepts
"Love this analogue Bill... "My Faucet Lesson of Neural Networks in Greater Detail""
Nov 10
Bill Schmarzo's blog post was featured

Creating Autonomous Entities: Optimizing Systems of Subsystems

I continue to be infatuated with the potential of autonomous entities that self-monitor, self-diagnose, self-fix and self-learn without human intervention.  The vision of leveraging new digital technologies, growing reams of customer, product and operational data, and advanced analytics to create autonomous entities – farms, oil fields, factories, airports, theme parks, vehicles, ships, trains, etc. – seems like science fiction. Fortunately, the “3 Horizons of Digital Transformation” framework…See More
Nov 5
Sibusiso Goodwill Hlatshwayo liked Bill Schmarzo's blog post Why Utility Determination Is Critical to Defining AI Success
Oct 30
Sibusiso Goodwill Hlatshwayo liked Bill Schmarzo's blog post Digital Transformation Horizon 1 to Horizon 3:  When Is Innovation Really Innovation?
Oct 30
Bill Schmarzo's blog post was featured

Digital Transformation Horizon 1 to Horizon 3:  When Is Innovation Really Innovation?

In the early 2000’s, IBM Deep Blue was on the lookout for its next Grand Challenge.  It had achieved an exhilarating win over chess grand master Garry Kasparov in 1997.  But that was a game with deterministic outcomes where superior processing power gave Deep Blue a significant advantage over even a human grand champion.  IBM needed a challenge commiserate with its Artificial Intelligence aspirations, and the wildly popular TV game show Jeopardy! offered just that challenge.According to…See More
Oct 27
Bill Schmarzo's blog post was featured

Why Utility Determination Is Critical to Defining AI Success

There seem to be countless articles projecting the incredible economic and social growth that will be driven by AI.  For example, PwC predicts that AI technologies and applications will increase global GDP by up to 14% between now and 2030 (see Figure 1).Figure 1: Source: “Notes from the AI frontier: Modeling the impact of AI on the world…See More
Oct 24

Profile Information

Short Bio
Currently, CTO, IoT & Analytics Hitachi Vantara. 30+ years of data and analytics experience. Write, speak and lecture frequently on Data Science, Digital Transformation and the Economic Value of Data.

Also teach at the University of San Francisco School of Management and National University of Ireland-Galway.
My Web Site Or LinkedIn Profile
http://https://infocus.emc.com/author/william_schmarzo/
Field of Expertise
Data Science, AI, Business Analytics, IoT
Professional Status
C-Level
Years of Experience:
30+ years
Your Company:
Hitachi Vantara
Industry:
Technology
Your Job Title:
CTO IoT and Analytics
How did you find out about DataScienceCentral?
Friends
Interests:
Contributing, Other

Bill Schmarzo's Blog

2020 Forecast: Turning IT into a Profit Center

Posted on December 6, 2019 at 5:30am 0 Comments

Data is a unique economic asset; it never depletes, never wears out and can be used across an unlimited number of use cases at near zero marginal cost. Data in the hands of management and operational leadership can be used to drive material, financial, operational and customer impact.  And maybe the best part of this winning data equation? You already own the data! But unfortunately, data is the Rodney Dangerfield of corporate assets – it gets no respect!

To exploit the…

Continue

Industry Averages, Benchmarks and the Death of Innovation

Posted on November 30, 2019 at 12:00pm 0 Comments

Sustaining industry averages and benchmarks are the antithesis of innovation and a great way to ensure average performance. Doing whatever everyone else is doing is a “paving the cow path" management mentality, lacking aspirational goals which are critical for organizations to fuel innovation and create customer and market differentiation. Which brings me to why I teach.

As my students and I work through their “Thinking Like a Data Scientist” exercises together, I always learn…

Continue

How AI Is Manipulating Economics to Create Appreciating Assets

Posted on November 23, 2019 at 6:42pm 0 Comments

“If you buy a Tesla today, I believe you're buying an appreciating asset, not a depreciating asset.” – Elon Musk

 

Think about that statement for a second…you’re buying an appreciating asset, not a depreciating asset. And what is driving the appreciation of that asset?  It’s likely courtesy of Tesla’s FSD (Full Self-Driving) Deep…

Continue

Recessions, Big Data, Data Science and Liberating Power of “Own It”

Posted on November 14, 2019 at 6:10am 0 Comments

There, I said it.  I said the “R” word.  And no, I’m not talking the political “R” word.  I’m talking about the potential of a… r-e-c-e-s-s-i-o-n.  There are many indicators pointing to the potential of a worldwide recession, and unfortunately during a recession, many organizations hunker down, cut spending, and try to ride it out – all the wrong things to do if you want to actually avoid a recession.…

Continue

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