Data analytics guru Tom Davenport says he plans, along with co-author Jeanne Harris, to publish an update to their seminal work, Competing on Analytics, to be released in September. In honor of the 10th anniversary of its first release, he took a look back at the progress that’s been made since 2007. His observation: It’s... more
Many pundits and analysts alike are extolling the virtues of a data analytics-driven culture. An organization illuminated in the glow of data analytics is sure to outpace all competitors, while devising the next wave of cool products and services. But, what, exactly, should a data analytics-driven culture look like? It’s important to be able to... more
Digital transformation is what everybody wants, but there are many views on what constitutes a “digital transformation.” Is it online services? Is it a social enterprise? Is it legacy transformation? Is it an analytics-driven enterprise? The definition of digital enterprise may be all of the above, or maybe one of the above. What really matters... more
More and more parts of our business engagements are being driven by algorithms, and lately, there’s been a surprising revelation about these algorithms. Even the most astute data scientists among us really don’t know how many algorithms are generating the results they are issuing. This deepening mystery of Artificial Intelligence Decision-Making was recently explored by... more
Dear Mom, Even though my work often mystified you, you and Dad have been my biggest fans throughout my over 25-year data management career. Not surprising, as you were both dental professionals, not data professionals! But as you started hearing about data in the media more and more, your interest piqued to better understand... more
We’ve certainly come a long way when it comes to business intelligence (BI) and analytics, Organizations have become very adept and taking data from multiple sources and packaging it into formats for consumption by analytics engines and algorithms. While we have addressed the technical aspects of BI and analytics, the organizational challenges and data dilemmas... more
In March, I attended the WSJ CIO conference in San Francisco and the topic of Artificial Intelligence (AI) ignited the most passionate discussions. I was surprised how many people were in the Steve Wozniak (“the future is scary and very bad for people”) and Elon Musk (“the biggest existential threat to mankind”) camps. I think... more
The artificial intelligence revolution is gaining critical mass within organizations. A new survey of 835 executives across the globe by Tata Consultancy Services (TCS) finds some 84% are using some amount of AI technology today in their businesses. Areas being touched – or soon to be touched — by AI include IT, sales, marketing, customer... more
Having a strong, enterprise-focused data analytics effort means a much greater chance of having above-average growth. Nearly two-thirds of companies with well-established advanced analytics strategies report operating margins and revenues of 15% or more, according to a recent survey published by Forbes Insights and EY. So what makes an organization a well-functioning, data-driven machine? Having... more
It is a fact that businesses in every industry worldwide are being disrupted on a daily basis. Often by competitors that are from outside their industry, and as a result, off their competitive radar screens.