Research

Valuing Analytics: Return on Investment (ROI) and Returned Business Value (RBV)

By Doug Mirsky, Jul 17, 2018

Available to Research & Advisory Network Clients Only

What is the value of analytics? This research brief discusses methods of assigning value to advanced analytics efforts and communicating it to stakeholders.

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Profit and Loss (P&L) statements permeate businesses due to the need to track how a business is performing at overall, business unit, and even project-by-project levels. This blog raises a question: why shouldn’t an analytics plan be expected as a part of the business plan for any major initiative just like a P&L is?

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Data-savvy hybrid professionals are needed because AI-based task automation can lead to the transformation of jobs in many domains, including the law. These transformed jobs encompass a new mix of tasks, requiring regular interaction with intelligent machines and the underlying data. Who will fill these transformed jobs and new jobs in the law?

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Inquiry Response: Tackling the Data Trust Issue

By IIA Expert, Jul 03, 2018

Available to Research & Advisory Network Clients Only

Inquiry:

One of our analytics challenges centers around data lineage and trust. People question where the source data came from and whether it’s trustworthy, which results in time-consuming traceability exercises to translate our results into terms that the end user can relate to. Is there a technological solution that can trace data lineage and reconcile data sources?

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Organizing Analytics: Your Questions Answered

By Robert Morison, Jun 27, 2018

During the Organizing Analytics Teams webinar, Bob Morison and Bill Franks discussed organizational models and techniques for analytics groups. Interest was high and more questions came in than we had time to cover completely. This blog covers nine of the unanswered ones.

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Predictive Analytics World 2018

By Bill Franks, Jun 26, 2018

Available to Research & Advisory Network Clients Only

IIA attended the Predictive Analytics World (PAW) show in Las Vegas, June 6–7, 2018. This year the show had a new format called “Mega PAW” where a number of (previously individual) PAW shows were all housed together under one roof. Some of the keynotes were shared by all attendees, while the breakouts were segmented by topic. All of the sessions IIA attended were in the business track. In this event summary, the key points from each session attended will be provided, as will some commentary on IIA’s thoughts about the topic.

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Inquiry Response: The Potential For Augmented Reality Wearables

By IIA Expert, Jun 25, 2018

Available to Research & Advisory Network Clients Only

Inquiry:

We’re in the research phase for using augmented reality and right now are especially interested in wearable (hard hat) tech for employees in the field. What should we be thinking about and what is the right way to get this effort off the ground with the business units?

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Turning PhD’s into Data Scientists…in 7 weeks

By Jack Phillips, Jun 21, 2018

It’s no surprise that many of the inquiry questions IIA receives from research clients relate to analytics and data science talent. Where should we be looking? How do we attract the candidates? How much should we be paying? And, once we have recruited the talent, how do we keep the work interesting enough so they stay around?

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Data Science Engineering

By David Alles, Jun 20, 2018

Available to Research & Advisory Network Clients Only

Reflections from Strata Data Conference 2018 and the emergence of data science engineering

The complexity of deploying advanced analytics and artificial intelligence (AI) into production is changing the nature of analytics and data science. As the size of data continues to expand and the pace of innovation accelerates, new roles are emerging. While advances in AI continued to headline the discussion at O’Reilly’s most recent Strata Data Conference (San Jose, March 5 – 8, 2018), the emergence of data science engineering as a new discipline is a clear trend and the primary focus of this brief. The objective of this report is to highlight and summarize the themes and trends supporting the emergence and importance of data science engineering. This report features a mix of unique IIA perspectives coupled with supporting thoughts from Strata presenters. This report also builds on key takeaways from our last 18 months of technology conference coverage

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Don’t Be Hit by the Analytics Backlash

By Thomas H. Davenport, Jun 19, 2018

Analytics leaders and practitioners need to be prepared both to defend analytics and AI where appropriate, ensure that you’re not contributing to issues like how to prevent algorithmic bias, what industries would be least likely to do harm with analytics, and how to reduce the societal damage from AI.

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