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I spend a lot of time helping organizations to “think like a data scientist.” My book “Big Data MBA: Driving Business Strategies with Data Science” has several chapters devoted to helping business leaders to embrace the power of data scientist thinking. My Big Data MBA class at the University of San Francisco School of Management focuses on teaching tomorrow’s business executives the power of analytics and data science to optimize key business processes, uncover new monetization opportunities and create a more compelling, engaging customer and channel engagement. However in working with our data science teams, I have come to realize that we also need to address the other side of the data science equation; that we need to teach the data scientists in order for them to think like business executives. If the data science team cannot present the analytic results in a w... (more)

Business #DigitalTransformation | @ThingsExpo #IoT #BigData #DigitalMarketing

How effective is your organization at leveraging data and analytics to power the business? This is the question that we pose at the beginning of our client conversations.  Gaining intimate insights about your customer, product, and operational behaviors, tendencies, trends and propensities is critical if organizations want to drive digital business transformation; optimizing key business processes, uncovering new monetization opportunities and creating a more compelling customer experience. Unfortunately, organizations are struggling to leverage big data to drive their digital ... (more)

Effective Analytics | @BigDataExpo #BigData #IoT #M2M #DigitalTransformation

I was reading an interview with John Krafcik, CEO of Google’s Self-driving Car Project, in the August 8th issue of Bloomberg BusinessWeek. The article referenced a survey by AlixPartners where they found that 73% of people wanted autonomous vehicles.  But when people had the option to have a steering wheel in the car, allowing optional full control to the driver, the acceptance rate jumped to 90%.  This finding, that people are much more accepting of automation and new ideas when they have the option of control, is totally consistent with what we found with respect to how to deli... (more)

The 'Thinking' Part of 'Thinking Like a Data Scientist' | @BigDataExpo #BigData

Imagine my surprise when reading the March 28, 2016 issue of BusinessWeek and stumbling across the article titled “Lies, Damned Lies, and More Statistics.” In the article, "BusinessWeek" warned readers to beware of “p-hacking,” which is the statistical practice of tweaking data in ways that generate low p-values but actually undermine the test (see p-value definition below). One of the results of “p-hacking” is that absurd results can be made to pass the p-value test, and important findings can be overlooked. For example… A study from the Pennington Biomedical Research Center in... (more)

IoT From Connected to Getting Smart | @ThingsExpo #BigData #IoT #M2M

Internet of Things: Getting from Connected to Smart I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple… Creating “Smart” Entities I believe that the end... (more)

Big Data Business Model Maturity Index and IoT | @ThingsExpo #BigData #IoT #M2M #API #Wearables

Big Data Business Model Maturity Index and the Internet of Things (IoT) Antonio Figueiredo (@afigueiredo) recently challenged me on twitter with an interesting question: How would the Big Data Business Model Maturity Index (BDBMMI) change to support the Internet of Things (IoT)? My hope is that the BDBMMI would not need to change to support IoT. It is my hope that the BDBMMI could be used to guide any industry that is going through a data and analytics-driven transformation, such as what is happening to many industries due to IoT. Let’s see how one could use the BDBMMI to help or... (more)