Digital Leaders Blog

big data (6)

MIT have recently published their Top 20 Sloan Management Review articles of 2017.

Not surprisingly, articles on digital strategy, transformation, AI and data analytics dominate the most popular reads. 

The Top 20 are listed below (click link to access each article): 

The Jobs That Artificial Intelligence Will Create

Reshaping Business With Artificial Intelligence…

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Working with big data remains one of the biggest IT challenges that businesses, government agencies and other organisations face. It's also one of the biggest opportunities for IT vendors and for solution and strategic service providers. The big data market grew 23.5 percent to $22.6 billion in 2015 and is expected to grow at an annual compound growth rate of 14.4 percent to $92.2 billion by 2026.

The editorial team at CRN have recently created their fourth annual Big Data 100, identifying vendors that have demonstrated an ability to innovate in bringing to market products and services that help business work with big data.

The 100 vendors have been divided into three categories: business analytics, data management and big data platforms/tools.

50 of the top vendors are profiled on a…

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If you’re not turning your company into a “math house” you’re headed for serious trouble. Every industry will soon be driven by digitization and every winning company will be using algorithms, or mathematical rules for processing information, to shape the end-to-end customer experience. Any advantages you have now will pale in comparison with a great set of algorithms that differentiates the customer experience. It is the algorithms that will create value for the business.

This is not guesswork. Sensors, the cloud, mobile and broadband wireless, and other such technologies are increasing the flow of digitized information exponentially. Algorithms, run on ever faster computers, can do amazing things with that information, from detecting patterns and making predictions to solving complex…

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A new report from McKinsey Global Institute (MGI) shows that cross-border digital data flows, practically non-existent 15 years ago, now exert a larger impact on global GDP growth than trade in goods.

The report, entitled 'Digital Globalization: The New Era of Global Flows', shows that the world is more connected than ever, but the nature of its connections has changed in a fundamental way.

As shown in the Infographic below, the amount of cross-border bandwidth used has grown 45 times larger since 2005. It is projected to increase by an additional nine times over the next five years as flows of information, searches, communication, video, transactions, and intra-company traffic continue to surge.

In addition to…

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A fascinating article on the way in which Airbnb uses Big Data and machine learning to guide 'hosts' on pricing and how to increase bookings. What they don’t teach you on Hospitality Masterclasses :-)

http://www.forbes.com/sites/ellenhuet/2015/06/05/how-airbnb-uses-big-data-and-machine-learning-to-guide-hosts-to-the-perfect-price/

As usual, all comments and feedback are very welcome.

Take care.

Jim…

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Without Big Insight, Big Data Is Useless

Big Data is often heralded as a transformative force that will usher in a new era of data-driven decision making. However, many enterprises are finding themselves drowning in data, but with no better insight into the issues confronting their businesses, according to a new report from Forrester Inc.

A good summary of the report entitled “Digital Insights are the New Currency of Business" can be found at - Without Big Insight, Big Data Is Useless - CIO Today

As usual, all comments and feedback are very welcome.

Take care.

Jim…

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