Becoming a Data-Driven Business: Challenges and Opportunities
DECEMBER 19, 2016
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.
Learning to Apply Data Science to Business Problems
DECEMBER 29, 2015
A-Lab’s objective is to teach students how to use data sets and analytics to address real-world business problems. Companies submit project proposals prior to the start of the class, including the business problem to be addressed and the data on which the project will be based.
The Data Bubble redux
APRIL 9, 2016
It gets worse: In between the Internet user and the advertiser, the Journal identified more than 100 middlemen — tracking companies, data brokers and advertising networks — competing to meet the growing demand for data on individual behavior and interests.The data on Ms.
New Tools Beget Revolutions: Big Data and the 21st Century Information-based Society
MAY 29, 2013
While a number of transformative technologies were discussed, big data was the most prominent. . MIT professor Erik Brynjolfsson led an all-MIT academic panel of experts on The Reality of Big Data. We need to change from opinions and hunches and go with facts and data,” he said.
Big Data Takes Center Stage
JULY 3, 2013
A few recent articles have expressed concerns that big data may be at the peak of inflated expectations in the so-called hype cycle for emerging technologies, and will soon start falling into the trough of disillusionment. So is big data. .
Cognitive Systems and Big-Data-driven Applications
OCTOBER 23, 2013
The need for such systems is a result of the explosive growth of data all around us. players, - was that the very process of analyzing data increases the amount of data by orders of magnitude. . This is challenging our ability to store and analyze all that data.
New and Improved Data Visualization Tool: Maps for Media Funding
JULY 5, 2016
Nonprofit data nerds will love this new resource from Media Impact Funders and Foundation Center called “ Foundation Maps for Media Funding ,” a free, interactive mapping and research tool that shows the full scope of philanthropically funded media projects worldwide since 2009.
Big Data, Complex Systems and Quantum Mechanics
DECEMBER 7, 2012
Big Data is one of the hottest topics out there. Big data is a foundational element in IT’s quartet of Next Big Things : Social, Mobile, Analytics and Cloud. But, as the real world keeps reminding us, it is possible to make bad predictions and decisions even if you use tons of big data to make them. The 9/11 attacks showed how even highly sophisticated intelligence agencies can fail to pick out highly relevant signals amidst the mountains of data being analyzed.
Reinventing Society in the Wake of Big Data
MARCH 20, 2013
For several years now, big data has been one of the hottest topics in the IT industry. But, what do we mean by big data ? A number of recent articles have been sounding the alarm that big data may be at the peak of inflated expectations in Gartner’s hype cycle.
The Datafication of Business and Society
JUNE 9, 2015
I first encountered the term datafication in The Rise of Big Data: How It’s Changing the Way We Think About the World , by Kenneth Cukier and Viktor Mayer-Schönberger. Datafication is a fairly new concept associated with our recent data revolution.
The role of informal social networks in building organizational creativity and innovation
AUGUST 8, 2011
Search the relationship networks in your organization to find future creative leaders. The first point on collective visualization of data is a very interesting one. Improve transparency by sharing data for collective visualization.
The Evolution of the Internet of Very Smart Things
OCTOBER 15, 2014
These devices generate massive amounts of data, a lot of which requires real-time actions. It’s impractical to move all that data to a central cloud for analysis and actions. Many of the previously distributed servers were consolidated in data centers. .
Data Science and the Changing Nature of Research and Innovation
JUNE 19, 2013
The study examined the current state of US research and innovation; looked at the role of its key players: academia, industry, and government; and proposed a set of recommendations to better address the highly complex challenges we face in the 21st century information economy.
Help! My Nonprofit Needs A Data Nerd
NOVEMBER 18, 2014
We spent a fair amount of time framing and reframing the problem and ended up with a question that focused on data collection. My Nonprofit Needs A Data Nerd! In fact, some participants in the group mentioned using MBA students from local universities to assist with data collection.
How to evaluate social and informal learning
MARCH 8, 2011
Profiles enable members of the community to search for answers to questions, to expertise, and to the wisdom of experience. There is plenty of data: the duration and distance of every phone call is recorded.
Anticipating the Future of the IT Industry
MARCH 22, 2016
Let me share some of my personal impressions of this journey through the lens of three key areas, each of which has played a major role throughout IT’s history, and will continue to do so well into its future: data centers, transaction processing, and data analysis.
The Continuing, Transformative Impact of IT
JUNE 12, 2013
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. Until recently, they have been slow to adopt Web-based platforms, big data analytics, and other IT innovations.
Information, Money and Related Subjects
JANUARY 26, 2012
Given this intangible character of money, it is not surprising that major advances in information technologies have in turn led to major advances in the way we deal with money and payments. In the 1960s, 1970s, and 1980s, mainframes, minicomputers, data networks, transaction processing and data bases enabled financial innovations like ATMs and credit cards. The relationship between information and money is now closer than ever.
Using Cartoons To Make Sense of Your Data
OCTOBER 18, 2012
Note From Beth: If you’ve picked up a copy of the newly released “ Measuring the Networked Nonprofit: Using Data to Change the World ” than you no doubt noticed the cartoons, created by Rob Cottingham , that begin each chapter.
Learning Analytics: Big Data Applied to Training, Teaching, and Learning
SEPTEMBER 12, 2013
It also creates a resource called the Horizon Navigator an online, open-content database of free research on emerging technologies, is a dynamic social media platform overlying an innovative set of intelligent search tools and a comprehensive collection of resources.
The Future of Financial Services
JUNE 23, 2015
Given its intangible character, it’s not surprising that advances in information and communication technologies (ICT) have in turn led to advances in the way we deal with money and payments, as well as with identity, trust and other key attributes of a well-functioning financial system.
Lean Principles in the Digital Economy
AUGUST 6, 2014
Customers are taking advantage of all the information they can now access to search for the best possible values. Complex Systems Data Science and Big Data Economic Issues Innovation Management and Leadership Services Innovation Smart Systems Society and Culture Technology and Strateg
The Digital Transformation of the Customer Experience
MAY 14, 2014
We are in the middle of a kind of digital perfect storm , where several major IT trends, - e.g., mobile, cloud, social, big data, - are each gathering speed while interacting with and amplifying each other.
International Organizations and Social Media: News, Engagement, and Social Data for Policy Change
JANUARY 14, 2014
I’ve been curating infographics summarizing social media and social network studie s of American and global audiences, but one of the best resources global social media and mobile data is We Are Social. Social Media Data and Public Policy.
Attention Data Nerds: Nonprofits Miss Out on the Power of LinkedIn: Learn How to Tap It
MAY 3, 2012
It’s a no- to low-cost database that is a rich source of information about potential major donors, board members, employees, and strategic allies. LinkedIn lets you search for the people who are passionate about your cause. You can search for those passionate about your cause, within your geographic area, and have skills or values that are a fit for your nonprofit.
The 6 capabilities that drive future business value from Staggeringly Enormous Data
FEBRUARY 6, 2013
When asked what I thought needed to be on the business agenda, my response was Big Data, or as I more accurately described it, Staggeringly Enormous Data. Sis of the most critical capabilities for creating business value from Big Data are: Consistently capturing relevant data.
Capturing all your browsing data: the difference between Amazon’s Silk and Opera Mobile
SEPTEMBER 28, 2011
People who cringe at the privacy and data-mining implications of the Facebook Timeline ought to be just floored by the magnitude of Amazon’s opportunity here. As well as searches, it contains destinations – news pages, social networking pages and emails. Because its users trust Opera with such intimate information, the company feels it can’t engage in any Phorm-like behavioural exploitation.
[liveblog][act-tiac] A federal portal in the age of search?
OCTOBER 26, 2015
Federal Citizen Information Center, GSA., “In a world where everyone can search and has apps, is a web portal relevant?,” Omitting key information. Now people arrive through search. USA.gov is a platform that offers a full suite of bilingual products, built around a single structured API: information, contacts, social media, etc. Someone has a general idea, but not informed enough to search. Sarah Crane , Dir.,
Social Media, Networks, and Data in Patient Healthcare Networks
JUNE 1, 2015
This post summarizes some of the insights related to the effective use of networks and data in healthcare information and patient advocacy. Google” project has been described by some as a disruption of medical information. ” CSR Data Fundraising Google Innovation
Blockchains: the Promise of More Frictionless, Trusted Economies
OCTOBER 11, 2016
Transaction costs are a kind of friction incurred in obtaining goods and services outside the firm, such as searching for the right supply chain partners, establishing a trusted relationship, negotiating a contract, coordinating the work, managing intellectual property and so on.
Too Much Information or a Skills Gap
JULY 9, 2009
Too Much Information) (found via Stephen Downes ). Information Overload and Learning.” where Kevin points out: TMI floods the brain with data, preventing comprehension and elaboration, and thus, preventing learning. Wesley Fryer discusses How are you dealing with TMI?
Notes from Information Technology Based Higher Education and Training ITHET 2013, Antalya
Stephen Downes: Half an Hour
OCTOBER 15, 2013
the new buildings don''t have a single standard lecture theatre in them - (but then we see a lecture theatre photo - but with chairs on casers and tiered tables - engineering - labs - but also - remote labs using simulations - support for peer learning, groupwork (picture or room with tables) - picture of studio-type spaces - Learning 2020 Projects: - nuanced timetabline system - change in workload models - data-intensive university - eg.,
The Prosperity Puzzle
MAY 31, 2016
Most measures of economic performance used by government officials to inform their policies and decisions are based on GDP figures, including setting taxes, fixing unemployment and managing inflation. Thousands of new information goods and services are introduced each year.
The Data Bubble
JULY 31, 2010
It gets worse: In between the Internet user and the advertiser, the Journal identified more than 100 middlemen—tracking companies, data brokers and advertising networks—competing to meet the growing demand for data on individual behavior and interests.The data on Ms. one of the new data exchanges. Advertising may pay for lots of great stuff (such as search) that we take for granted, but advertising even at its best is guesswork. The tide turned today.
Technology and the Future of Media
AUGUST 18, 2015
Most everyone will agree that advances in information and communication technologies (ICT) are radically transforming the business landscape. A lot of negative, shrill, attacking opinions are heard throughout our now democratized information channels. .
Shaping the Future of the Internet
FEBRUARY 16, 2016
Fundamentally, the Internet is a general purpose data network supporting a remarkable variety of applications. A major reason for its adaptability is that it’s stuck to its basic data-transport mission, i.e., just moving bits around. Actionable Data.
Liberating Nonprofit Data for Greater Impact
JANUARY 31, 2013
Note from Beth: In a report entitled Information for Impact: Liberating Nonprofit Sector Data, authors Beth Novek and Daniel Goroff address the challenges of obtaining better, more usable data on the nonprofit sector to match the field’s growing importance.
Cloud Computing and the Changing Role of the CIO
JUNE 5, 2013
Big data and cloud were the most prominent transformative technologies discussed at the Symposium. My remarks last week were focused on big data. Who is ultimately responsible for the security of the data in question?
Data Science: from Half-Baked Ideas to Data-Driven Insights
APRIL 9, 2014
In a Big Data presentation last year, MIT professor Erik Brynjolfsson pointed out that throughout history new tools beget revolutions. Big data is leading to such a measurement-driven revolution, brought about by the new digital tools all around us, including our mobile phones; searches and web links; social media interactions; payments and transactions; and the myriads of smart sensors keeping track of the physical world.
Network Learning: Working Smarter
OCTOBER 22, 2010
Tweet “In the period ahead of us, more important than advances in computer design will be the advances we can make in our understanding of human information processing – of thinking, problem solving, and decision making…” ~ Herbert Simon, Economics Nobel-prize winner (1968).