The Value of Exploratory Data Analysis

The Value of Exploratory Data Analysis

In this post, we will give a high level overview of what exploratory data analysis (EDA) typically entails and then describe three of the major ways EDA is critical to successfully model and interpret its results. From the outside, data science is often thought to consist wholly of advanced statistical and machine learning techniques. However, there is another key component …

Big Data Analytics: Effectiveness

Big Data Analytics: Effectiveness, Ethics, and Emerging Trends

Big Data is the force for digital transformation of businesses. Many definitions of the Big Data exist in the literature, and the most relevant ones have one thing in common, that Big Data is not just about lots of data.  For business context, the definition of Big Data that is most relevant and appropriate is given here. Big Data is …

Big Data in the Big City

Big Data in the Big City

The era of big data in public policy has begun, and the promises and limitations of this social science tool will soon be tested in cities. Policy outcomes can now be measured with greater accuracy and finer location than ever, improving the delivery of urban services and accounting for their value to society. Alas, big data cannot solve urban social …

How Big Data Is Disrupting the Logistics Industry

Finding Hidden Customer Behavior Patterns Using Big Data Analytics

In 2013, an astounding statistic began circulating in the tech and business spheres: 90% of all global data was created over the last two years. It’s as if data had been dormant prior to 2015 and has only just begun to be produced. In many ways, that’s true. Historically, companies have been able to track only a limited amount of …

Chief Data Officer: The True Dean of Big Data?

Chief Data Officer: The True Dean of Big Data?

I recently had a conversation with an organization that was looking to create a CDO role with a supporting organization.  As I have stated in the past, a strong CDO candidate needs to have a background in economics.  The CDO doesn’t need an IT background (that’s the CIO’s job).  I recommend an economics education because economists have been trained to …

You Need to Manage Digital Projects for Outcomes

You Need to Manage Digital Projects for Outcomes, Not Outputs

When is a project finished? For most of us, it seems pretty simple: when we ship the product or launch the service. But we need to take a step back and consider what “done” really means. Most teams in business work to create a defined output. But just because we’ve finished making a thing doesn’t mean that thing is going to create …

The ROI of a Modern Data Strategy

The ROI of a Modern Data Strategy

You finally have top management on board to get started on your company’s data transformation, but now comes the hard part. You know that you need a solid data strategy to guide your efforts, but other managers at your company would rather focus investment on building things, investigating questions in the data, you know—things that have a much more visible …

The definition of Digital Transformation

The definition of Digital Transformation

The definition of digital transformation is the realignment of, or new investment in, technology, business models, and processes to drive new value for customers and employees and more effectively compete in an ever-changing digital economy. This is how I define digital transformation, having evolved it slightly over the years. This definition, which was introduced in 2013/14, was different at the time in that …

How Much Should You Charge Your Clients? Data Analytics Has The Answer!

How Much Should You Charge Your Clients? Data Analytics Has The Answer!

Data analytics can be a great tool for the forward-thinking law firm looking to increase profits. There are two problems standing in the way, though. The biggest single problem that businesses face in effectively using data is that they don’t have they data they need. The second biggest problem, in my experience as a consultant, is that firms do not …

Transforming the pyramid to an agile org

Transforming the pyramid to an agile org

I recently published a video exploring how an agile team based organization could look like. How does it look like under the hood? In the video I also discussed how you get there. I got tons of great feedback so I decided to provide the content of the video in the format of a blog. If you prefer to read instead of watching …