Dateline: October 16, 2015 Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend. Decision making is, of course, one of the key functions of senior leaders. Those with lots of experience are expected to make better decisions because of what they have seen, done and learned in their career. But increasingly we are hearing that data-driven decision making is … [Read more...]
The Value of an Analytics Competency
May 8, 2015 by Leave a Comment
Dateline: May 8, 2015 Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend. Understanding the value your analytics investment bring to your organization is a complex matter. Recently, I ran across a short summary at INFORMS of the different areas that might be included in the value calculation: Big data Finding hidden clues to improve customer … [Read more...]
Transforming into a Data-Driven Organization
April 10, 2015 by Leave a Comment
Dateline: April 10, 2015 Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend. Data-driven transformation means morphing your organization into an enterprise with a culture and decision-making structure based on KPIs and analytics. Today, it's the goal of many organizations to become data-driven. CIO magazine recently wrote about the Seven Principles of … [Read more...]
Descriptive, Predictive and Prescriptive
March 6, 2015 by Leave a Comment
Dateline: March 6, 2015 Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend. Analytics is on the minds of every senior leader today. Companies have data warehouses full of data just waiting to be mined for gems of actionable insights. No one will argue against the goal of making better business decisions with data and analytics, but how to do that is a … [Read more...]
Another Source for Value From Your Data
February 6, 2015 by Leave a Comment
Dateline: February 6, 2015 Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend. In a recent blog post at the International Institute of Analytics, Chief Analytics Officer of Teradata, Bill Franks, discussed a thought-provoking idea about finding value in mining data for external use. His blog, Ignore your Business, Rake in The Profits, suggests that … [Read more...]
Davenport’s Law of Common Information
January 23, 2015 by Leave a Comment
Dateline: January 23, 2015 Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend. Big data and analytics are all the rage at the moment. At the center of many discussions is my friend and colleague, Dr. Tom Davenport. Recently Tom published a column in the CIO Journal, the Wall Street Journal's area for all things IT, on the Promise and Perils of Common … [Read more...]
Big Data as a Service
December 19, 2014 by Leave a Comment
Dateline: December 19, 2014 Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend. This week’s idea suggests a framework for Big-Data-As-A-Service (BDaaS). In the age of SaaS, PaaS, and many other as-a-service offerings, BDaaS may be the next big thing. It's the topic of a recent article by Varun Sharma, an Enterprise Architect and "as-a-service" … [Read more...]
Working with Imperfect Data
December 12, 2014 by Leave a Comment
Dateline: December 12, 2014 Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend. This week’s idea is about mitigating the uncertainty that come from analyzing a data set. The thought comes from a recent Sloan Management Review article, Analytical Value from Data That Cries Wolf, written by Professor Sam Ransbotham from the Carroll School of Management … [Read more...]
