By Thomas H. Davenport, Aug 22, 2017
It’s been 10 years since Jeanne Harris and I published our book, Competing on Analytics, and we’ve just finished updating it for early-fall (2017) re-publication. We realized during this process that there have been a lot of changes in the world of analytics.
By Thomas H. Davenport, Jul 25, 2017
I have been thinking about some of the changes over the last decade in analytics, coinciding with the revised and updated release of my book with Jeanne Harris, Competing on Analytics. The book is ten years old, and much has changed in the world of analytics in the meantime. In updating the book (and in a previous blog post about the updates), we focused on such changes as big data, machine learning, streaming analytics, embedded analytics, and so forth. But some commenters have pointed out that one change that’s just as important is the move to self-service analytics.
By Bill Franks, Thomas H. Davenport, Jul 19, 2017
Available to Research & Advisory Network Clients Only
There is a fair amount of management research suggesting that the first 90 days or so are the most important time of a leader’s tenure. It’s when you establish your reputation and it determines what people start to think about you in your role. It’s often hard to change those first impressions. Therefore, IIA held a webinar to discuss this very important period for senior analytics leaders like a Chief Analytics Officer, Chief Data Officer, VP of analytics, or similar senior role. This paper captures the key elements of the discussion between Bill Franks and Tom Davenport, which focused on five essential things new analytics leaders should do to set themselves up for success.
By Thomas H. Davenport, Jun 29, 2017
Analytics and big data have penetrated most large organizations by now, and are helping to improve many internal decisions. But they can also have a major impact on the decisions of customers or citizens. This applies not only to decisions about what products to buy, but also to decisions about safety and crime.
By Thomas H. Davenport, Jun 01, 2017
I attended the MIT Disruption Timeline Conference on AI and Machine Learning. There was interesting content on a variety of topics, but a primary focus was on when specific AI capabilities might become generally available. One particular technology addressed was autonomous vehicles. The key question was when 50 percent of vehicles on US roads would be fully autonomous.
By Thomas H. Davenport, May 02, 2017
Many organizations today are wondering how to get into machine learning, and what it means for their existing analytics operation. There are many different types of machine learning, and a variety of definitions of the term. I view machine learning as any data-driven approach to explanations, classifications, and predictions that uses automation to construct a model. The computer constructing the model “learns” during the construction process what model best fits the data. Some machine learning models continue to improve their results over time, but most don’t. Machine learning, in other words, is a form of automating your analytics. And it has the potential to make human analysts wildly more productive.
By Thomas H. Davenport, Apr 04, 2017
There is a growing crisis in the world of analytics and cognitive technologies, and as of yet there is no obvious solution. The crisis was created by a spate of good news in the field of cognitive technology algorithms: they’re working! Specifically, a relatively new and complex type of algorithms—deep learning neural networks (DLNN)—have been able to learn from lots of labeled data and accomplish a variety of tasks. They can master difficult games (Go, for example), recognize images, translate speech, and perform many more tasks as well as or better than the best humans.
By Thomas H. Davenport, Feb 28, 2017
While humans may be ahead of computers in the ability to create strategy today, we shouldn’t be complacent about our dominance. As a society, we are becoming increasingly comfortable with the idea that machines can make decisions and take actions on their own. We already have semi-autonomous vehicles, high-performing manufacturing robots, and automated decision making in insurance underwriting and bank credit. We have machines that can beat humans at virtually any game that can be programmed. Intelligent systems can recommend cancer cures and diabetes treatments. “Robotic process automation” can perform a wide variety of digital tasks.
By Thomas H. Davenport, Feb 07, 2017
In H. G. Wells’s classic The War of the Worlds, the narrator pauses a moment to rue the fact that he didn’t react sooner to the arrival of an “intelligence greater than man’s”—in his case, Martians landing on earth. Comparing himself to a comfortable dodo in its nest, he imagined those ill-fated birds also dithering as hungry sailors invaded their island: “We will peck them to death tomorrow, my dear.” And what about you? As intelligent technologies take over more and more of the decision-making territory once occupied by humans, are you taking any action? Are you sufficiently aware of the signs that you should? To help you get the head start you may need, here are the signs that it’s time to fly the nest. All of them are evidence that a knowledge worker’s job is on the path to automation.
By Thomas H. Davenport, Jan 24, 2017
Technologists and business folks alike overstate the shortage of data scientists. They just need to know where to look. Here are some common excuses companies use for not employing data scientists, and why they’re no longer valid.