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Blog Posts by Tom Davenport

Co-written by Jack Phillips.We co-founded the International Institute for Analytics in 2010. Since it’s now 2020, our sophisticated math skills tell us that IIA has been around for about a decade—although our first full year of operation was in 2011.…
Financial asset management firms are often evaluated in terms of their “assets under management.” The leading firms have billions or even trillions of dollars that they are managing. In analytics and AI, few organizations currently approach those numbers of models…
Several years ago I was speaking at an “Analytics Summit” that brought together all—or many in this case—of the analytical practitioners at a big American bank. I take pride in often speaking at the first such gathering a company has,…
It’s still early days for artificial intelligence (AI) in the enterprise, and if you have some responsibility for analytics and/or AI within your company, you may be wondering just how hard you should push for the technology. Dip a toe…
Historically, organizations used analytics in situations where they had lots of internal data. The data was the outcome of well-structured, repetitive processes supported by transactional systems. If, for example, you had sold a lot of products at a lot of…
The press, consultants, and IT market research firms would have us believe that AI is the most exciting technology available today. And it is—but in part because there aren’t a lot of exciting alternatives. Blockchain isn’t turning out to be…
It seems to be inevitable. Any popular technology or approach to business change apparently has to involve a large amount of breathlessly positive media-driven hype, and then must be followed by potshots and disparagement. The positive press usually lasts for…
Modern life has been good for those who understand and can develop analytics. From sexto soccer, data and algorithms are having an increasing impact on how important decisions are made. This has led to rapidly-growing employment for those with analytical…
There have always been multiple ways of making sense of data and solving business problems with analytics. Perhaps one of the earliest classifications was the descriptive/predictive/prescriptive one, which I can’t remember whether I invented or borrowed (I feel like I…