Expensive Myths About Big Data

Dateline: October 20, 2017 Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend. In a world of increasing dependence on data and the data-driven decisions that result, there are still many misconceptions that can send managers off in the wrong direction and cost an organization big bucks.  Mark Wilczek, a digital strategist blogger, recently wrote a blog … [Read more...]

Realizing the Value from AI and Machine Learning Requires People

Dateline: September 1, 2017 Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend. AI and machine learning are all the rage, and the promise of once again transforming the way work is done and decisions are made looms large.  One aspect of this promise is the replacement of people with intelligent, decision-making AI and machine learning systems.  Recently, … [Read more...]

Data Driven Decision Making: Trusting the Outcome of Algorithms

Dateline: August 25, 2017 Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend. We are all technologists of one form or another.  We use, understand and often create technologies that we and others use.  But recently an insightful Sloan Management Review article, titled  When People Don't Trust Algorithms , caught my attention.  The article, University of … [Read more...]

New EU Data Protection Requirements Might Mean Big Changes

Dateline: March 3, 2017 Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend. Have you given any thought to the European Union's General Data Protection Regulation (GDPR), set to start in about 18 months?  It will give regulators the ability to fine companies for non-compliance.  Companies who do not prepare to govern their data appropriately do so at their … [Read more...]

Using Your Data To Help Your Customers With Their Customers

Many companies operate within a customer relationship data chain: That is, one company has the know-how — and the incentive — to help its customers understand their own customers better. Dateline: December 16, 2016 Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend. Companies have rich troves of data that can be used to drive better decision making … [Read more...]

The Danger of Relying on Data for Decisions

Dateline: December 9, 2016 Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend. Data-driven decision making is quickly becoming table stakes for every managerial decision. Using analytics to understand options and predict outcomes relies on data to fuel the analytics engine.  Recently Professor Sam Ransbotham, editor of the Sloan Management Review Data and … [Read more...]

Why the C-Suite Needs to Know about Machine Learning

Dateline: December 2, 2016 Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend. Machine learning has become a major topic among executives as computing costs have decreased and AI and analytics capabilities have increased.  The next big frontier for extracting value from company data is an automated approach where the system learns as it processes data. … [Read more...]

C-suite Involvement from Day One Makes Analytics Investments Pay Off

Dateline: November 25, 2016 Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend. This is the third (and last) quote from an insightful article by McKinsey consultants  Helen Mayhew, Tamim Saleh, and Simon Williams.  This week, our thought provoking idea from the article, Making Data Analytics Work For you Instead of the Other Way Around, is about C-suite … [Read more...]

The Real Goal of Analytic Projects: Adoption, Adoption, Adoption

Dateline: November 18, 2016 Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend. Last week I shared a quote from an insightful article by McKinsey consultants Helen Mayhew, Tamim Saleh, and Simon Williams.  This week, we pull another idea from the article, Making Data Analytics Work For you Instead of the Other Way Around, that suggests that adoption be … [Read more...]

Look In-between the Data Sets for New Insights

Dateline: November 11, 2016 Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend. Recently I ran across a very insightful article about getting value from your analytics investments, written by Helen Mayhew, Tamim Saleh, and Simon Williams, a team of McKinsey consultants.  The article, Making Data Analytics Work For you Instead of the Other Way Around, … [Read more...]