Data. A word that keeps slithering its way into business models the world over. I have been in business long enough to know the ins and outs of business operations. To make them work, you constantly have to iterate and have the flexibility to adapt to the morphing landscape of the market dynamics in your industry. Enter, data. How can we use it as a measure for the … [Read more...] about Four Elements to Use the Data Supply Chain Effectively
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Why Big Decisions Require Big Data Analytics
Great insights are achieved when you combine different data sources. This Mixed Data approach enables organizations to have a better understanding how their organization is performing and what the different areas of attention should be. Such insights will enable manager to make better decisions and improve an organizations performance. In fact, research by Bain has showed that … [Read more...] about Why Big Decisions Require Big Data Analytics
What Various Studies Tell Us About Big Data And Its Future
A recent report published by business analytics company Lavastorm paints a sorry picture for Big Data. Their study of 500 data scientists and professionals revealed that nearly 73% of the organizations still do not make use of Big Data for taking business decisions. This is despite the fact that investments in analytics have risen 65% over the past year. The Lavastorm report … [Read more...] about What Various Studies Tell Us About Big Data And Its Future
How Oxford University Takes Healthcare Data to A New Level
The Oxford University knows how to take Healthcare Data forward and recently started with a new initiative, which is funded by the Li Ka Shing Foundation. The Li Ka Shing Centre for Health Information and Discovery connects Big Data and latest technologies to make new discoveries. The centre brings together two different themes; research in Healthcare Data and the Target … [Read more...] about How Oxford University Takes Healthcare Data to A New Level
The Dangers Of Becoming Too Data-Driven – Video
Susan Athey, Professor of Economics at Stanford Graduate School of Business, discusses in this short video how data-driven organisations still require to exercise intuition and judgement to ensure that short-term results don't override long-term interests. … [Read more...] about The Dangers Of Becoming Too Data-Driven – Video