It seems that 2023 will be go down as the year of AI. We see thousands of new jobs, billions in investment, and a great deal or excitement in how AI will be used in business. In such applications, the focus is often to 1) Replace costly workers 2) Make costly workers more efficient or […]
AI, Algorithm, Analytics, Automation, Big Data, Big Data Analytics, featured
Digital Strategy, Global Insights, Leadership
The recent report of the Consumer Price Index topping 6.2% has sent shiver of inflation fears into the market. However, this inflationary hit seems different than the inflation seen in recent episodes of high inflation. Examining this will help us determine who are the winners and losers of the current inflation spike. How is the […]
Algorithm, Amazon, Analytics, Artificial Intelligence, Consumer Price Index, covid, CPI, Digital, Digital Economy, economic growth, Economic Sciences, economics, featured, Growth, Inflation, Labor, Microsoft, Phillips Curve, Unemployment, US Economy, wages
Analytics, Big Data, Big Data and Analytics, Digital Strategy
In most every example of Artificial Intelligence (AI) in business, there is a chat bot or robot or algorithm that attempts to replace a human. We surely will see such replacement via AI, but augmentation is also a value approach and is far more attainable and perhaps even more valuable. In augmentation, a AI process […]
AI, Algorithm, Analytics, Artificial Intelligence, Big Data, Big Data Analytics, Data Analytics, economics, featured, Machine Learning, ML, Optimization, Search
Analytics, Big Data, Big Data and Analytics, Risk Management
Zillow recently announced that it is pulling the plug on its once highly touted house buying machine. Indeed, it was suppose to be a machine, one that used billions of pieces of data to find arbitrage opportunities in the market using algorithms. Buy a house in a surging market, fix it up (quick someone call […]
#investment, Algorithm, Analytics, Asymmetric Information, Big Data, Big Data Analytics, Data Analytics, economics, featured, housing, housing prices, Permit, Real Estate, REIT, Risk, Risk Management, Zillow
Analytics, Big Data, Big Data and Analytics, Career Advice, Digital Strategy, Innovation, Leadership
1. Analytics has Moved from Manual to Machine-Driven – Don’t Become a Robot! Most people in the field of analytics can remember writing their own analytical code. Today, our Data Scientists in the MSiA program at Northwestern, can produce analytical models from regression, decision trees, support vector machines (and more) – all with more or […]
Abalytics Professional, Airbnb, Algorithm, Amazon, Analytics, Artificial Intelligence, Automation, Big Data, Big Data Analytics, Big Data to Big Profits, Bots, Career Advice, Data Analytics, Data Capture, Data Monetization, Data Products, Data Science, Digital Economy, featured, Google, IoT, LinkedIn, Mobile, Northwestern Analytics, Northwestern University, Robots, Uber, Uberfication
Analytics, Big Data, Big Data and Analytics, Digital Strategy, Innovation
The real estate industry has gone through a massive transformation as new real estate websites such as Zillow (and Trulia now owned by Zillow, and Redfin) have brought together Big Data sets on available properties, home buyers, and home sellers. These firms have, in the process, showed us important lessons and best practices in monetizing […]
Algorithm, Analytics, Big Data, Big Data Analytics, Data Analytics, Data Capture, Data Exchange, Data Monetization, Data Product, Data Products, Digital Platform, economics, featured, Mobile, New York Real Estate, Real Estate, Zillow
Big Data, Big Data and Analytics, Career Advice, Digital Strategy, Innovation
Turning Data into Valuable Data Products The acquisition of LinkedIn by Microsoft raises many interesting and valuable business possibilities. LinkedIn is the first and largest repository of data on career paths for millions of people. It has deep and valuable information on firms, the path of careers, and even the best majors for specific careers. […]
Algorithm, Analytics, Asset Surveillance, Big Data, Big Data Analytics, Big Data to Big Profits, Data Analytics, Data Capture, Data Monetization, Data Science, featured, LinkedIn, LinkedIn Data, Microsoft, Netflix, Northwestern University, Social Media Risks, Stanford University, Tripadvisor, Wired, Yelp
Digital Strategy, Risk Management
Walmart recently announced that it is purchasing Jet.com for some $3.3 billion dollars. For Jet.com, which was founded in January of 2014, it is a remarkable return in a short period of time. The purchase shows that the battleground for E-commerce is being fought on digital convenience and value to customers. E-commerce has two-fronts: the […]
Algorithm, Amazon, Analytics, Big Data, Big Data Analytics, Big Data to Big Profits, Convenience, Data Analytics, Data Monetization, Data Science, Digital, Digital Economy, E-Commerce, eBay, ecommerce, featured, Jet.com, Logistics, Mobile, Online Shopping, Shopping, Supply Chain, Technology, Value, Walmart
Big Data and Analytics, Digital Strategy
Program on Creating Valuable Digital, Social, and Mobile Touch Points with Customer Includes: Measuring & Managing Digital, Social, and Mobile Touch Points with Customers Strategies for Monetizing Big Data Opportunities for Creating Data Products Leading the Data Science Team Creating New Data for Digital Disruption Managing Data Assets for Growth and Innovation Professor Walker […]
Algorithm, Analytics, Artificial Intelligence, Automation, Big Data, Big Data Analytics, Big Data to Big Profits, Data Analytics, Data Capture, Data Monetization, Data Products, Data Science, Data Visualiation, Digital, Digital Economy, Digital Platforms, IoT, Location Based Services, Mobile, Mobile Data, Monetization, Monetization Strategy, Northwestern University, San Francisco Analytics, San Francisco Big Data, San Francisco Data Science, Sharing Economy, Social Media Data, Technology
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 […]
Airbnb, Algorithm, Analytical Marketing, Analytics, Apple, Artificial Intelligence, Big Data, Big Data Analytics, Big Data to Big Profits, Data Analytics, Data Monetization, Data Products, Data Science, Digital, Digital Economy, Digital Marketing, Digital Media, Digital Platforms, Marketing, media, Netflix, Sports, Sports Analytics, Sports Management, Uber, Wearables
