Big Data and Analytics, Innovation
From Big Data to Big Profits: Success with Data and Analytics I am pleased to announce the release of my second book, From Big Data to Big Profits: Success with Data and Analytics, which investigates the use of Big Data to stimulate innovation, enhance operational effectiveness and further business growth. The book examines the evolving […]
Airbnb, Amazon, Analytics, Apple, Asset Surveillance, Asymmetric Information, Automation, Big Data, Big Data Analytics, Big Data to Big Profits, Cornell University, Data Analytics, Data Capture, Data Monetization, Data Products, Data Science, IoT, Kellogg School of Management, Oxford University Press, Technology
Big Data and Analytics, Innovation
Strategies for Monetizing Big Data The business world has become deeply focused on the use of Big Data to drive business insight and profits. As we have seen in the previous chapters, Big Data offers scale and precision in data. These features allow firms to exercise indirect measurement of assets. I use the term “asset” […]
Analytics, Asset Surveillance, Asymmetric Information, Automation, Big Data, Big Data Analytics, Big Data to Big Profits, Data Analytics, Data Monetization
Big Data and Analytics, Digital Strategy
Digital platforms are all around us. We used many each day. These platforms serve our needs but also create realms of Big Data – about or lives, media, shopping, health, and interest. LinkedIn is a great example of a powerful and successful digital platform. Parties interface digitally. Data is openly shared, transmitted, created, and then […]
Airbnb, Amazon, Analytics, Apple, Asset Surveillance, Asymmetric Information, Big Data, Big Data Analytics, Big Data to Big Profits, Data Analytics, Data Capture, Data Monetization, Data Products, Data Science, Data Visualization, Digital Platforms, Economic Sciences, Internet, IoT, Mobile
Big Data and Analytics, Digital Strategy
The development of analytics that can process data and lead to automation and the removal of workers is very much discussion today. We read about artificial intelligence concerns from technology leaders like Bill Gates and economic leaders like Larry Summers. In fact, the use of data and analytics has been removing jobs from various industries […]
Analytics, Asset Surveillance, Asymmetric Information, Automation, Big Data, Big Data Analytics, Big Data to Big Profits, Data Analytics, Data Capture, Data Monetization, Data Products, Data Science, IoT, Location Based Services, Mobile, Sensors
Big Data and Analytics, Digital Strategy
Big Data and Big Profits: Nest Optimizes the Mechanical Realm By now, most of us have seen or are even using programmable thermostats. One of the recent and more interesting offerings in this space is from Nest. Nest sells a thermostat that captures data about human presence to self learn what heating and cooling decisions […]
Airbnb, Algorithm, Analytics, Artificial Intelligence, Asset Surveillance, Asymmetric Information, Automation, Big Data, Big Data Analytics, Big Data to Big Profits, Data Analytics, Data Capture, Data Monetization, Data Products, Google, HVAC, IoT, Nest Labs, Power Utility, Thermostat
Big Data and Analytics, Digital Strategy
Big Data Driving the Driverless Car: Digitizing Travel A major change to driving and travel is soon upon us. With little doubt, we can expect driverless cars in the next decade or so. However, it is not driverless cars that will change how we travel, but rather the digitization of travel, enabling driverless cars, which […]
Amazon, Apple, Artificial Intelligence, Asset Surveillance, Asymmetric Information, Automation, Big Data, Big Data Analytics, Big Data to Big Profits, Data Analytics, Data Exhaust, Driverless, Driverless car, Google, IoT, Sensors, Uber
Big Data and Analytics, Innovation
Major consumer-package-goods firms (CPG), like Kraft, Nestle, Coca-Cola and PepsiCo have always operated with a blind spot about customers. This has always made marketing challenging. Although their products were often ingested by consumers, they rarely if ever met customers. CPG firms rarely knew their identify of customers and even at times had a poor understanding […]
Algorithm, Amazon, Amazon Pantry, Analytics, Artificial Intelligence, Big Data, Big Data Analytics, Big Data to Big Profits, Coca-cola, CPG, Data Analytics, Grocery Store, Kraft, Nestle, Network Effect, Pepisco, Surge
The rapid and impressive rise of Uber and Airbnb in revolutionizing the car service and lodging industries is a testament to the rise of the “sharing economy.” In the sharing economy, assets that are traditionally owned and utilized by a single person for a single purpose, such as a personal car or personal apartment, are […]
Airbnb, Algorithm, Analytics, Artificial Intelligence, Big Data, Big Data Analytics, Big Data to Big Profits, Sharing Data, Sharing Economy, Uber
Big Data and Analytics, Innovation
What’s your billboard worth? How do you measure the value of data? Usually it’s a matter of determining how much the data is worth to the business – how it translates into revenue, ROI, cost savings and other quantifiable benefits to the enterprise. But you can also measure how much others value your data. Let’s […]
Algorithm, Analytics, Artificial Intelligence, Asset Surveillance, Asymmetric Information, Big Data, Big Data Analytics, Big Data to Big Profits, Billboard, Data Analytics, Data Capture, Data Monetization, Data Products, Data Science, IoT, Location Based Services, Mobile, Real Estate
Big Data and Analytics, Innovation
Leveling the Data Playing Field – Forming New Markets The economic concept of asymmetric information is fascinating … so much so that research on the topic earned the 2001 Nobel Prize in economic sciences. The idea is that there is an imbalance of power in a transaction when one party has access to more information […]
Airbnb, Algorithm, Analytics, Apple, Artificial Intelligence, Asymmetric Information, Big Data, Big Data Analytics, Big Data to Big Profits, Data Analytics, Data Monetization, Data Products, Data Science, Digital Platforms, Economic Sciences, Uber
