The Competitive Value of Data: From Analytics to Machine Learning

Irving Wladawsky-Berger

IBM’s System 360 family of mainframes, announced in 1964, became the premier platform for commercial computing over the following 25 years by developing a 3rd party ecosystem of add-on hardware, software and services. Business analytics predates the big data era.

The top 10 opportunity costs for single source content strategy

Xyleme

With Learning & Development rapidly evolving from a cost center focused on formal learning to a strategic function tasked with the continuous development of an employee throughout their tenure with a company, the need to be high impact has never been greater. What is opportunity cost?

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Trending Sources

Learning and Performance Support Systems

Stephen Downes: Half an Hour

This post is to introduce you to our Learning and Performance Support Systems program, a new $19 million 5-year initiative at the National Research Council that I will be leading.

Design Principles for Complex, Unpredictable, People Oriented Systems

Irving Wladawsky-Berger

Business and business schools are supposed to be all about applying hard, that is, quantitative, analytical approaches to management. Analytical approaches work well when you have a pretty good understanding of the product you are developing or when you are dealing with a well defined problem. What do we mean by applying design principles to complex, unpredictable, people oriented systems and problems? Product excellence and competitive costs are its key design objectives.

The Promise and Challenges of Health Analytics

Irving Wladawsky-Berger

On February 24 I attended a workshop in MIT on the Future of Health Analytics. In a recent paper , Ausiello notes that health analytics has the potential to become the next frontier in medicine, driven by the confluence of three key revolutions: .

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Becoming a Data-Driven Business: Challenges and Opportunities

Irving Wladawsky-Berger

A few weeks ago, McKinsey published The age of analytics: Competing in a data-driven world , a comprehensive report on the state of big data, and in particular, on the challenges and opportunities a company faces as it strives to become a data-driven business.

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Digital Twin: Bringing the Physical and Digital Worlds Closer Together

Irving Wladawsky-Berger

A Digital Twin is essentially a computerized companion to a real-world entity, be it an industrial physical asset like a jet engine, an individual’s health profile, or a highly complex system like a city. A few weeks ago I first learned about a relatively new concept - Digital Twin.

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The Evolution of the Internet of Very Smart Things

Irving Wladawsky-Berger

These systems were optimized for simplicity and flexibility, and their graphical user interfaces led to many innovative applications, including the new web-based applications in the 1990s. These factors eventually led to significantly increased management complexities and costs.

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The Continuing, Transformative Impact of IT

Irving Wladawsky-Berger

The social matrix, the Internet of all things, big data and advanced analytics, and realizing anything as a services are the report’s top four trends. SMAC - Social, Mobile, Analytics & Cloud, - has become the new plastics , capturing the future of IT in one word, or rather, one acronym.

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On Saving the American Health System: Dr. Donald Berwick's.

Bob Sutton

Financial Times: The Cost of Hidden Bias at Work. The Observer | Business | You could be a genius - if only you had a good system. Davenport: Competing on Analytics: The New Science of Winning. 11 Books Every Leader Should Read » On Saving the American Health System: Dr. Donald Berwicks Farewell Speech. To reduce costs, by reducing waste, at scale, everywhere, now. Better care, better health, and lower cost through improvement right here.

The (Uneven) Digitization of the US Economy

Irving Wladawsky-Berger

Capital efficiency: IoT can significantly improve the utilization of capital assets, leveraging preventive maintenance to reduce equipment downtime and operational costs. Digital technologies are all around us, - increasingly ubiquitous and commoditized.

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The Datafication of Business and Society

Irving Wladawsky-Berger

Its ensuing digital products have been generating all that data and its drastically lower technology costs have made it possible to store and analyze those oceans of information.

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Reflections on Storytelling

Irving Wladawsky-Berger

We are looking to complement the rational, analytical, quantitative methods of classic engineering and business management with the more human-centric, holistic, creative problem solving methods inherent in good design and storytelling.

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The Transformative Power of Cloud Computing

Irving Wladawsky-Berger

There are clearly other major technologies around us, - e.g., smartphones, IoT, analytics, AI, - but when you think about it, all of them rely on their connections to cloud-based data, applications, and services for much of their functionality.

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New Tools Beget Revolutions: Big Data and the 21st Century Information-based Society

Irving Wladawsky-Berger

This is the first time in human history that we have the ability to see enough about ourselves that we can hope to actually build social systems that work qualitatively better than the systems we’ve always had. On May 22 I attended the 2013 MIT Sloan CIO Symposium.

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The Fourth Industrial Revolution

Irving Wladawsky-Berger

Systems impact : “The breadth and depth of these changes herald the transformation of entire systems of production, management, and governance.”. Digital technologies enable companies to better engage with their customers and offer them a superior experience at affordable costs.

Is Design Thinking the “New Liberal Arts”?

Irving Wladawsky-Berger

Design thinking is now being applied to abstract entities, - e.g. systems, services, information and organizations, - as well as to devise strategies, manage change and solve complex problems. Design thinking has become an increasingly popular topic of discussion over the past decade.

The Rise of the T-Shaped Organization

Irving Wladawsky-Berger

A growing number of articles have been extolling the value of T-shaped professionals , that is, individuals who combine deep cognitive, analytical, and/or technical skills in a specific discipline, with broad multidisciplinary, social skills.

The Internet, Blockchain, and the Evolution of Foundational Innovations

Irving Wladawsky-Berger

Contracts, transactions, and the records of them are among the defining structures in our economic, legal, and political systems. Blockchain has the potential to transform our economic and social systems. Similarly, blockchain could dramatically reduce the cost of transactions.

The Continuing Evolution of Service Science

Irving Wladawsky-Berger

Services are now front and center in some of the most prominent areas in IT, such as analytics and data science, cloud computing, and design thinking. Analytics and Data Science. High quality and competitive costs are the key objectives of good products.

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The Evolving Automotive Ecosystem

Irving Wladawsky-Berger

Today an average midsize vehicle has approximately 40 to 50 individual microprocessor-driven systems, which require approximately 20+ million lines of code; a larger, high-end luxury vehicle might have as many as 100 million lines of code.

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A Kind of Digital “Perfect Storm”

Irving Wladawsky-Berger

We seem to be heading toward a kind of digital perfect storm , where four major IT trends are each gathering speed while interacting with and amplifying each other: mobile devices, cloud computing, social networks and big data and analytics.

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Could the End of Moore’s Law Be Near? If so, What’s Next?

Irving Wladawsky-Berger

As a result of Moore’s Law, the costs of computing have been falling at an exponentially accelerating rate for almost five decades. The belief system of Silicon Valley doesn’t take that into account.”. As originally stated by Mr Moore, the law was not just about reductions in the size of transistors, but also cuts in their price… New “fabs” (semiconductor fabrication plants) now cost more than $6 billion.

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Leadership and Rational Thinking

Irving Wladawsky-Berger

The two day THINK Forum brought together leaders from government, business and academia to discuss the future of leadership from a number of angles, including the changing nature of the corporation, the importance of systems thinking, leading in times of deep structural changes and bringing science to leadership. One of the panelists in this session was IBM Fellow David Ferrucci , principal investigator of Watson , IBM’s Question Answering system that earlier this year won the Jeopardy!

Embracing Disruptive Change - Why Is it So Difficult?

Irving Wladawsky-Berger

For a startup, a disruptive innovation is an opportunity to take on established companies with new products that offer significantly better capabilities and/or lower costs. Complex Systems Economic Issues Innovation Management and Leadership Technology and Strategy

The Complex Transition to the Age of the Cloud

Irving Wladawsky-Berger

While the skeptics’ concerns, - security, reliability, privacy, costs and others, - are quite real, the hardest part of implementing cloud strategies has little to do with technology. We can use real time information and powerful analytics to help us understand and optimize the very way everything works in an attempt to make the world more efficient and smarter. They have allowed different departments in their organization to architect their own systems and applications.

A Useful Framework for Analyzing the Impact of Technology on Jobs

Irving Wladawsky-Berger

While advances in technology will significantly improve the efficiency of such data-intensive applications, their commercial success might be limited by their high energy costs.

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Openness: Why learners should know about, and influence, how decisions are made about their learning

George Siemens

Earlier this week, I delivered a presentation to TEDxEdmonton on why openness and learning analytics are critical for rethinking the future of education. Systems can be closed and blackboxed only once they are working well and the context in which they exist is stable.

Becoming a Digital Business: Progress and Obstacles

Irving Wladawsky-Berger

The survey asked the executives about their companies progress and obstacles in embracing five major digital trends: big data and advanced analytics, digital engagement of customers, digital engagement of employees and external partners, automation, and digital innovation. .

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Big Data Takes Center Stage

Irving Wladawsky-Berger

Big data could not have possibly come into being without the digital revolution which thanks to Moore’s Law has made it possible to drastically lower the costs of storing and analyzing those oceans of information.

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Social Business in the Age of the Customer

Irving Wladawsky-Berger

Such a company-wide initiative should include: access to all information about employees, partners and customers; the ability to scale pilots across the broad workforce, ecosystem and customer base; adherence to government and industry regulations; careful management of security to avoid serious breaches; and a focus on reducing the costs and complexities that result from duplication of systems and information.

The Changing Nature of Globalization in Our Hyperconnected, Knowledge-Intensive Economy

Irving Wladawsky-Berger

We’ve been going through a kind of digital perfect storm , where a number of major IT trends are each gathering speed while interacting with and amplifying each other: mobile devices, cloud computing, Internet of Things, social networks and big data and analytics. .

Reflections on the Evolving Role of the CIO

Irving Wladawsky-Berger

Today’s CIO, for example, has to deal with an IT infrastructure that not only includes the classic enterprise systems and networks, but also digital consumer technologies of all sorts, sensors used in all kinds of smart solutions, digital voice and video communications and on and on and on. A lot of strategies fail because they are not well aligned with operations and thus take too long and are too costly to support.

New York City Halts Teacher Bonus Program: Another Blow to.

Bob Sutton

Financial Times: The Cost of Hidden Bias at Work. The Observer | Business | You could be a genius - if only you had a good system. Davenport: Competing on Analytics: The New Science of Winning. The New York Time s reports that the school system has abandoned their teacher bonus system because it is ineffective.   Note that I am not arguing against pay for performance systems in general.  Bob Sutton.

Is a College Education Still Worth It?

Irving Wladawsky-Berger

Not going to college will cost you about half a million dollars.” Between 1965 and 2010, the lifetime present value, - after accounting for tuition costs, - of a college versus a high school education has risen from $213,000 to $590,000 for men and from $129,000 to $370,000 for women. .

I Learned A Lot At My First-Ever F Up Nights

Dan Pontefract

There was one word in a 50,000 word legal document between Neverblue Media and Vertrue that ended up costing Dunlop significant time, money and pain. It turns out the company Mark had acquired possessed a fantastic ordering system, but not a proper inventory tracking system.

Why Innovation is Critical to Help Governments Adjust to the Realities of the 21st Century?

Irving Wladawsky-Berger

For the past twenty years, companies have embraced digital technologies to significantly improve their productivity and reduce costs. . According to The Economist , these governments must address two major structural issues: they must become more efficient; and they must seriously tackle the rising costs of public services by restructuring entitlement programs that are no longer affordable.

The future of higher education and other imponderables

George Siemens

I wrote an article with Kathleen Matheos on this topic in 2009: Systemic Changes in Higher Education ). As a result, they have not developed systemic capacity to function in a digital networked age. Many solutions are myopic and lack a systemic focus. Education is a system.

What is stopping companies from measuring learning: Skillsets, datasets, toolsets or mindsets?

Xyleme

In one of our recent posts, " Why you need to take a Google Analytics approach to measuring learning ," we lay the foundation of our perspective regarding L&D''s constant battle for greater relevance in business strategy and planning.

The Science of Information-based Predictions

Irving Wladawsky-Berger

Many pollsters seem to still be using methodologies that worked well a decade or two ago, but look woefully behind the times in the emerging world of big data and advanced analytics. There are entire disciplines in which predictions have been failing, often at great cost to society.” .