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Dueling Schooling On Big Data And Analytics
There’s been a lot of discussion about the shortage of quantitative analysts and data scientists in this world, and many people wonder where they will all come from. Today I have good news and bad news for you. The good news is that there are a rapidly growing number of
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Who Owns Your Data Exhaust
More than twenty years ago, consultants Stan Davis and Bill Davidson, in the book 2020 Vision, argued that a company’s “information exhaust” (information byproducts gathered in the course of its normal business) could be used to “informationalize” a business (develop products and services based on information) and turbocharge its performance.
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A Pitfall To Avoid When Funding Big Data Analytics
In June, I wrote about the need to fund portfolios of analytics as opposed to individual projects in order to enable analytic innovation. Tied to that theme is a common pitfall with corporate budgeting that I’d like to address here. Many organizations fall victim to what I’m about to discuss
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Plan For Big Data Like It's 2000
Remember 2000? Everybody was very happy with the fact that Y2K had passed without nary a glitch, and the e-commerce revolution was in full flower. Most of the attention went to e-commerce startups, but IT-oriented people my age and older also recall that many larger firms were attempting to embrace
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Big Data Underachievers
My new book is called Big Data @ Work (get it?—the @ sign means the Internet and all that digital stuff), and it describes how large and small companies can get business advantage from big data. It’s got lots of examples of how companies are already moving out with this
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Prepare To Be Amazed By Immersive Intelligence
Let’s explore a topic that has the potential to really disrupt the analytics and data visualization space if it comes to fruition. That topic is immersive intelligence, which is a new kind of visualization. I’ve written in the past about how important data visualization is becoming and why people are
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The Data Product Era Begins In Financial Services
I’ve been feeling that there is a sea change happening in what organizations do with data, and I now have confirmation of it at several financial companies. I heard, for example, that JPMorgan Chase, the nation’s largest bank by assets, established an “Intelligent Solutions” business unit to offer—among other things—products
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Building an Analytics Team for Your Organization, Part 1
Analytics can no longer be considered an optional capability for businesses that strive to be competitive in today’s environment. In working with organizations across a number of industries, one of the critical components of any successful program or initiative is driven by finding the right people to lead and participate
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Minds + Machines = A New Generation Of Analytics
Last year I spoke at GE’s “Minds + Machines” event in Chicago. The event was both a product-oriented conference from a leading vendor in the emerging “industrial internet” category, and a fascinating example of how a big company like GE can embrace data-driven products and services.GE is by culture a
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Who Gets The Call When Your Analytics Process Crashes?
I recently had a meeting with one of the largest companies in the world, where we discussed concerns about ongoing maintenance and, more importantly, ongoing repair required for analytics processes. The conversation helped solidify in my mind a major disconnect that often occurs when organizations deploy an analytics process into