The Emerging Data Economy

Irving Wladawsky-Berger

The Economist’ s May 6 issue referred to data in its cover as the world’s most valuable resource. Similarly, data centers “power all kinds of online services and, increasingly, the real world as devices become more and more connected.”.

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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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Trending Sources

Learning to Apply Data Science to Business Problems

Irving Wladawsky-Berger

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.

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

Irving Wladawsky-Berger

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.

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The Data Bubble redux

Doc Searls

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.

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Cognitive Systems and Big-Data-driven Applications

Irving Wladawsky-Berger

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.

The right information is not enough

Harold Jarche

There is quite a bit of research on the significant value of making the right information available to the right person at the right time – and quite a bit of research shows clearly that Enterprise Search has a direct impact on the success of organizations.

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The Simple, Economic Value of Artificial Intelligence

Irving Wladawsky-Berger

Similarly, the economic value of the Internet revolution can be described as reducing the cost of communications and of search, thus enabling us to easily find and access all kinds of information, - including documents, pictures, music and videos.

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Big Data, Complex Systems and Quantum Mechanics

Irving Wladawsky-Berger

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

Irving Wladawsky-Berger

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.

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New and Improved Data Visualization Tool: Maps for Media Funding

Beth Kanter

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.

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Where is Technology Taking the Economy

Irving Wladawsky-Berger

It’s brought us smartphones, ubiquitous sensors, IoT devices and oceans and oceans of data. Suddenly, the advent of the printing press made it possible to externalize all that information. I recently read Where is Technology Taking the Economy? , an article in McKinsey Quarterly by W.

The Datafication of Business and Society

Irving Wladawsky-Berger

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.

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The role of informal social networks in building organizational creativity and innovation

Ross Dawson

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.

Data Science and the Changing Nature of Research and Innovation

Irving Wladawsky-Berger

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.

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The Evolution of the Internet of Very Smart Things

Irving Wladawsky-Berger

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. .

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How to evaluate social and informal learning

Jay Cross

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.

Help! My Nonprofit Needs A Data Nerd

Beth Kanter

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.

Information, Money and Related Subjects

Irving Wladawsky-Berger

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.

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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. Until recently, they have been slow to adopt Web-based platforms, big data analytics, and other IT innovations.

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Using Cartoons To Make Sense of Your Data

Beth Kanter

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.

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Anticipating the Future of the IT Industry

Irving Wladawsky-Berger

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.

Learning Analytics: Big Data Applied to Training, Teaching, and Learning

Beth Kanter

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.

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Lean Principles in the Digital Economy

Irving Wladawsky-Berger

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

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The Future of Financial Services

Irving Wladawsky-Berger

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.

International Organizations and Social Media: News, Engagement, and Social Data for Policy Change

Beth Kanter

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.

The Digital Transformation of the Customer Experience

Irving Wladawsky-Berger

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.

Attention Data Nerds: Nonprofits Miss Out on the Power of LinkedIn: Learn How to Tap It

Beth Kanter

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

Ross Dawson

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

Ross Dawson

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.

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[liveblog][act-tiac] A federal portal in the age of search?

David Weinberger

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. 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.,

Too Much Information or a Skills Gap

Tony Karrer

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?

Social Media, Networks, and Data in Patient Healthcare Networks

Beth Kanter

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

Irving Wladawsky-Berger

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.

The Prosperity Puzzle

Irving Wladawsky-Berger

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

Doc Searls

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.

Notes from Information Technology Based Higher Education and Training ITHET 2013, Antalya

Stephen Downes: Half an Hour

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.,

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Technology and the Future of Media

Irving Wladawsky-Berger

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. .

Liberating Nonprofit Data for Greater Impact

Beth Kanter

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.

Shaping the Future of the Internet

Irving Wladawsky-Berger

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.