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The holiday season is nearly upon us (I’ve already heard Christmas songs being played…really?) and retailers are usually the big winners during the holiday season. However, leading retailers are already thinking beyond the current holiday season, and not just from marketing and merchandising perspectives. These leading retailers are considering how this holiday season – and the resulting wealth of customer, product and operational data – can be converted into new analytic insights that can be used to optimize key business processes, uncover new monetization opportunities and create a more compelling, more prescriptive user experience all year round. The holiday season provides an opportunity for retailers to accelerate or jump start their processes for gathering, harvesting and exploiting customer, product and operational insights that can pay financial dividends yea... (more)

Citizen Data Scientist, Jumbo Shrimp | @CloudExpo @Schmarzo #BigData

Citizen Data Scientist, Jumbo Shrimp, and Other Descriptions That Make No Sense Okay, let me get this out there: I find the term “Citizen Data Scientist” confusing. Gartner defines a “citizen data scientist as “a person who creates or generates models that leverage predictive or prescriptive analytics but whose primary job function is outside of the field of statistics and analytics.” While we teach business users to “think like a data scientist” in their ability to identify those variables and metrics that might be better predictors of performance, I do not expect that the business stakeholders are going to be able to create and generate analytic models. I do not believe, nor do I expect, that the business stakeholders are going to be proficient enough with tools like SAS or R or Python or Mahout or MADlib to 1) create or generate the models, and then 2) be profi... (more)

Business Transformation Challenge | @CloudExpo #IoT #M2M #BigData #DigitalTransformation

Business Transformation Challenge: Constantly Move Forward, or Die I’m a fan of Woody Allen movies, especially his earlier movies (can’t tell you how much I learned from the movie “Everything You Always Wanted to Know About Sex…” but that’s a topic for a different blog). In the Woody Allen classic “Annie Hall,” Woody Allen’s character (Alvy Singer) makes the following statement: “A relationship, I think, is like a shark, you know? It has to constantly move forward or it dies. And I think what we got on our hands is a dead shark.” This is relevant to a business – either your business is constantly moving forward or the business dies. And this is especially true for organizations seeking to leverage Big Data and the Internet of Things to drive business transformation. If you are not constantly trying to move forward on transforming your business, then it’s pretty cer... (more)

Tips for Data Scientists | @CloudExpo #BigData #IoT #ML #AI #DataScience

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)

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 point for many IoT initiatives is to create “smart” entities – smart cities, smart hospitals, smart cars, smart universities, smart schools, smart blogs, smart lawnmowers, etc. Creating a “smart” entity is an outcome of optimizing the decisions and business initiatives that support an entity... (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 business transformation.  They have fallen into the “Digital Business Transformation Chasm” where technology investments and proof of concept exercises are failing to yield the promised digital business transformation. These organizations have not adopted a customer-centric, business-driven ... (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 organizations to exploit the IoT. But before we start that exercise, let’s start with some key definitions: The Big Data Business Model Maturity Index (BDBMMI) is a framework to measure how effective an organization is at leveraging data and analytics to power the business (see Figure 1). We ... (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 deliver big data analytics. The big data engagements we run for EMC focus on applying predictive and prescriptive analytics to deliver recommendations to help key decision makers become more effective at at their jobs.  For example, delivering recommendations to teachers in how to best group th... (more)

This Week in Cloud, December 6, 2012: Cloud predictions for 2013, EMC & VMware’s new business unit, 1 in 5 employees use Dropbox. And more…

The Innovative CIO! The Innovative CIO: How IT Leaders Can Drive Business Transformation – the new book from Andi Mann and George Watt Cloud News The contributors to the Forrester Cloud Playbook have put together a list of the top 10 cloud predictions for 2013, according to this Forbes article. The analysts predict that we’ll see some of the following trends next year: Cloud and mobile will become one, we’ll stop equating cloud with AWS, and we’ll finally stop saying – “everything is going cloud.” VMware and EMC announced their plans to create a new business unit, the Pivotal Initiative, according to this InformationWeek article. The business unit will merge VMware and EMC’s cloud computing and big data products. A new report by Nasuni reveals that 1 out of 5 employees use Dropbox to share and store work files even though their organization’s IT department prohibits ... (more)

In 2014 Big Data Investments Will Account for Nearly $30 Billion - Eventually Accounting for $76 Billion by 2020 End

DALLAS, Aug. 21, 2014 /PRNewswire-iReach/ -- Amid the proliferation of real time data from sources such as mobile devices, web, social media, sensors, log files and transactional applications, Big Data has found a host of vertical market applications, ranging from fraud detection to R&D. Photo - http://photos.prnewswire.com/prnh/20140821/138541 "Big Data Market: 2014 – 2020 – Opportunities, Challenges, Strategies, Industry Verticals & Forecasts" Key Findings: In 2014 Big Data vendors will pocket nearly $30 Billion from hardware, software and professional services revenues Big Data investments are further expected to grow at a CAGR of nearly 17% over the next 6 years, eventually accounting for $76 Billion by the end of 2020 The market is ripe for acquisitions of pure-play Big Data startups, as competition heats up between IT incumbents Nearly every large scale IT ven... (more)

Economy Drives Adoption of Virtual Lab Technology

Surgient Session at Cloud Expo Surgient added to its existing suite of recognized innovations with a newly granted patent on the, “Creation and Management of Federated Virtual Server Clouds.” Additionally, three separate organizations honored Surgient for being among the fastest growing and most successful technology companies. Surgient has long been a leader in providing infrastructure-as-a-service (IaaS) through its purpose-built, seventh-generation cloud automation platform. Everyone wants to lower their capital expenditures and increase operational efficiency - it's a sign of the times. The economy of the past 12 - 18 months has forced all organizations to do more with less and become more efficient. While everyone can identify with the request to do more with less, they can also identify with the overwhelming need to deliver quality. The need to deliver qualit... (more)