The Future of the Internet of Things and the Digital Economy: Lessons from the Closure of Revolv

Big Data and Analytics, Digital Strategy

The Future of the Internet of Things and the Digital Economy: Lessons from the Closure of Revolv

10 Apr , 2016  

Revolv is a warning about how the digital economy will operate in the future. Revolv, the innovative home automation hub, that was purchased by Google’s Nest, recently announced that they will stop supporting all devices in the coming weeks.[1] Revolv’s home automation used radio signals to communicate with light switches, garage door openers, home alarms, […]

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Digital Lessons From Disney’s $1 Billion Experiment: Marketing and Operations Intertwined

Digital Strategy, Innovation

Digital Lessons From Disney’s $1 Billion Experiment: Marketing and Operations Intertwined

30 Mar , 2016  

Disney Does Digital…Very Well! The Disney dive into digital has many looking for lessons from this business leader. Disney supplies customers with Disney MagicBands, wristbands equipped with RFID technology.[1] The wristbands enable customer-level tracking, creating lots of data on transactions, customer check-ins, and customer movements. It is estimated that deploying this technology has cost Disney […]

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Become a Digital Disruptor: Lessons for Startups, Investors, Innovators, and Entrepreneurs

Digital Strategy, Innovation

Become a Digital Disruptor: Lessons for Startups, Investors, Innovators, and Entrepreneurs

16 Mar , 2016  

A great focus for many startups, investors, and entrepreneurs is creating the next Uber or Airbnb. I have examined how both Uber and Airbnb have leverage data in powerful ways. A great deal of their success comes from their superior digital platforms, so let’s examine what principles are at work in becoming the next digital disruptor. […]

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Mastering Digital & Other Lessons from Netflix: When is a Customer a Fan?

Digital Strategy, Innovation

Mastering Digital & Other Lessons from Netflix: When is a Customer a Fan?

13 Mar , 2016  

Netflix has long been heralded as a leader in the use of analytics and even the creation of novel big data. That is all true. Nobody knows more about movie tastes than Netflix, with its some 1 billion reviews in its database. The graphic above shows that Netflix can use such data and customer behavior […]

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Harvard Business Review Webinar: From Big Data to Big Profits

Big Data and Analytics, Innovation

Harvard Business Review Webinar: From Big Data to Big Profits

29 Feb , 2016  

Everywhere you look there is mention of “Big Data.” But what business people care most about is turning big data into big profits. This is the focus of Russell Walker’s book From Big Data to Big Profits:

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Airbnb: Lessons on Digital, Start-ups, Big Data and Disrupting Markets

Big Data and Analytics, Digital Strategy

Airbnb: Lessons on Digital, Start-ups, Big Data and Disrupting Markets

13 Jan , 2016  

When Airbnb began as a means for its founders to rent out their air mattress (hence the air in Airbnb) few predicted that it would transform the real estate rental market. By now, Airbnb is a legitimate means for selecting rooms or houses for rent in many markets. As an example of the success and […]

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Uber-fication: Lessons from Uber in Economics, Digital, Risk, and Analytics

Digital Strategy, Innovation

Uber-fication: Lessons from Uber in Economics, Digital, Risk, and Analytics

22 Nov , 2015  

With the continued growth of Uber in many markets, it is worth considering what Uber has done that drives such success and why so many businesses are seeking an Uberization or Uber-fication  solution to their business. Below is a listing of lessons on what to do if you are seeking to Uber-ize your business model. […]

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Big Data Monetization Lessons from the Sharing Economy

Big Data and Analytics, Innovation

Big Data Monetization Lessons from the Sharing Economy

29 Oct , 2015  

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 […]

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From raw data to real dollars, Russell Walker’s new book shows how to monetize big data

Big Data and Analytics, Innovation

From raw data to real dollars, Russell Walker’s new book shows how to monetize big data

27 Sep , 2015  

By Cheryl SooHoo How do you turn your company’s big data into big bucks? First think big and then bigger about the value of your data, says Russell Walker EMP 64, clinical associate professor of Managerial Economics & Decision Sciences at Kellogg. “Your data doesn’t jump out and say, ‘Hey, I am worth hundreds of […]

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Monetizing Big Data For Big Profits: It Takes More Than Algorithms

Big Data and Analytics, Innovation

Monetizing Big Data For Big Profits: It Takes More Than Algorithms

12 Sep , 2015  

The process of monetizing Big Data is really an exploration, driven by experimentation and identification of value. Here are a few points to keep in mind: 1. Look for Patterns in the Data – before trying to find the needle in the haystack, look for the patterns that describe customers, markets and operations that are […]

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