Tag Archives: Big Data

News You Can Use: 7/5/2017

  • Five building blocks of a data-driven culture

    A single source of truth is a central, controlled and “blessed” source of data from which the whole company can draw. It is the master data. When you don’t have such data and staff can pull down seemingly the same metrics from different systems, inevitably those systems will produce different numbers. Then the arguments ensue. You get into a he-said-she-said scenario, each player drawing and defending their position with their version of the “truth.” Or (and more pernicious), some teams may unknowingly use stale, low-quality or otherwise incorrect data or metrics and make bad decisions, when they could have used a better source.

    Also:

    HiPPO, “highest paid person’s opinion,” a term coined by Avinash Kaushik, is the antithesis of data-drivenness. You all know them. They’re the expert with decades of experience. They don’t care what the data says, especially when it disagrees with their preconceived notions, and they are going to stick to their plan because they know best. And, besides, they’re the boss.

    https://techcrunch.com/2017/06/23/five-building-blocks-of-a-data-driven-culture/?ncid=rss

  • A Higher Minimum Wage Is Not Doing The Bad Things Critics Said It Would Do

    Contrary to the simple supply-and-demand theory, higher minimum wages, Allegretto says, may end up saving companies money in the long run. “We know that turnover decreases when you increase minimum wages,” she says. “If companies invest more in their workers, the workers are going to be more satisfied. In industries like the restaurant industry, where the turnover rate is sometimes above 100% in a year, that’s a lot of money to spend on recruiting and training and re-recruiting constantly,” Allegretto says.

    https://www.fastcompany.com/40434565/a-higher-minimum-wage-is-not-doing-the-bad-things-critics-said-it-would-do

  • Goal Setting Is a Hamster Wheel. Learn to Set Systems Instead
  • What Makes a Good UX? Part III “Mission Control Dashboards”

    You see, whereas static first generation dashboards give you useless (and I mean useless) reports (which, at best, show a stoplight indicator with no description or backup data that lulls you in to a false sense of complacency or urgency), a modern mission control dashboard replaces those static widgets with modern fully enabled GUI widgets that allow users to drill down, initiate, and execute relevant actions such as data retrieval, workflow kick-off, or collaborative corrective actions. They can embed “apps” and “portlets” and allow a user to get what they need, and where they need, in 3-clicks, without missing anything important. They are the customizeable interactive views that applications have been missing. But, again, this is only the case for truly modern dashboards. First generation dashboards still belong in the dung-heap. For a truly deep dive into what these are, what they can do, and how they are used, check out the Pro piece [membership required].

    http://sourcinginnovation.com/wordpress/2017/06/21/what-makes-a-good-ux-part-iii-mission-control-dashboards/

  • There’s a war brewing in Japan, and the banks should pay attention

    Now there is a similar war brewing in Japan. This time it is for mobile P2P payments. A few players are vying to become the Japanese equivalent of Venmo, a company founded eight years ago in the United States and now owned by PayPal. The local equivalents are AnypayKyashLINE Pay and, to a certain extent, Yoropay. What makes this war particularly interesting is how similar it is to the news app war. So much so that Anypay was even founded by the former CEO of Gunosy, Shinji Kimura.

    https://techcrunch.com/2017/06/27/theres-a-war-brewing-in-japan-and-the-banks-should-pay-attention/?ncid=rss

Photo: Alain Pham

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News You Can Use: 6/7/2017

  • How Amazon hopes to win the cloud by hiring older engineers

    In my own experience, AWS teams have a healthy mix of older and younger employees. Still, AWS leadership isn’t driven by millennials, but rather by graybeards (James Gosling, Adrian Cockcroft, Tim Bray, and Andi Gutmans are just a few people called out by Governor). Management at most companies will tend to skew a bit older, but AWS is notable for how those people are discovered. As Governor noted: “Some other older companies have older distinguished engineers because they grew up with the company. AWS is explicitly bringing that experience in.”

    http://www.techrepublic.com/article/how-amazon-hopes-to-win-the-cloud-by-hiring-older-engineers/

  • Will basic income mean the end of work? Nope.

    In fact, some of this rhetoric could be missing the mark. The evidence from many trials of unconditional cash transfers, including basic income plans, finds little evidence that work (or the desire to work) disappears in conditions of free money. In almost all cases, giving people regular payments hasn’t dampened their thirst for employment. In fact, UBI is a bit like the lottery, says Ioana Marinescu, an assistant professor at the University of Chicago Harris School of Public Policy, author of a recent paper looking at the relationship between cash transfers and behavior. We may imagine that lottery winners all decamp to Florida (or similar) and sit by the pool all day. Actually, most lottery winners keep clocking in (though presumably less despairingly than before).

    https://www.fastcompany.com/40423154/will-a-basic-income-mean-the-end-of-work-dont-get-too-excited

  • AI Can Now Self-Reproduce—Should Humans Be Worried?
  • Aecom and IBM create “scorecard” to help cities prepare for disasters

    The scorecard is structured around the UN’s 10 Essentials of Disaster Resilience, a list that enables city administrations to identify priorities for investment and to track progress over time. The goal is to guide cities towards optimal resilience by providing a set of assessments that cover the policy and planning, engineering, organisational, financial, social and environmental aspects of disaster resilience.

    http://www.globalconstructionreview.com/news/aecom-and-ibm-create-scorec7ard-he7lp-ci7es/

  • I just want to say one word to you: Data

    You need a strategy: Tom Choi, executive director of CAPS Research, said that as procurement managers are tasked with looking downstream for ways to add value to their customers, a digitized ecosystem is crucial for business success. At the same time, the upsurge of Big Data and analytics technology (there are something like 163 platforms that an organization could subscribe to for data) has been rapid and radical, especially the increase in unstructured data from social and media outlets that does not easily fit in a box. Choi’s advice: Create an analytics team; convert your data into a form you can use; and then launch small projects that work or fail quickly. Use those learnings to start again.

    http://www.scmr.com/article/i_just_want_to_say_one_word_to_you_data#When:14:30:00Z

Photo: Tony Lam Hoang

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SourceCast: Episode 51: Watching your health

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This week news broke that Motorola is going to stop making smart watches and Peeble is being purchased by FitBit. What happens to the utopian medical data scneario when companies stop making these devices?

Photo: S Zolkin

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News You Can Use: 2/24/2016

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  • Why the FBI’s request to Apple will affect civil rights for a generation

    Apple is being asked to specifically create new software to circumvent their security controls. They aren’t being asked to use existing capabilities, since those no longer work. The FBI wants a new version of the operating system designed to allow the FBI to brute force attack the phone.

    The FBI is using a highly emotional, nationally infamous terrorism case as justification for the request.

    http://www.cio.com/article/3034229/ios/why-the-fbis-request-to-apple-will-affect-civil-rights-for-a-generation.html#tk.rss_all

    Microsoft, Facebook, Twitter And Yahoo Quietly Add Their Support To Apple’s Fight Against FBI

    The statement from RGS says: “It is extremely important to deter terrorists and criminals and to help law enforcement by processing legal orders for information in order to keep us all safe. But technology companies should not be required to build in backdoors to the technologies that keep their users’ information secure. RGS companies remain committed to providing law enforcement with the help it needs while protecting the security of their customers and their customers’ information.”

    The RGS coalition is made up of 10 major U.S. technology companies: Apple, Google, Microsoft, Facebook, Twitter, Yahoo, Dropbox, Evernote, LinkedIn and AOL.

    http://www.ibtimes.com/microsoft-facebook-twitter-yahoo-quietly-add-their-support-apples-fight-against-fbi-2312503

  • Siemens CEO Joe Kaeser on the Next Industrial Revolution

    S+B: What does it mean to have every product you make incorporate sensors and be connected in the cloud? Is this your way of approaching manufacturing in every one of your diverse businesses?

    KAESER: That’s exactly what it is. We’ve got energy generation. We’ve got energy management. We’ve got automation for manufacturing, and products for industries like oil and gas, food and beverage, mining, all that good stuff. And there are vertical software applications for certain industries. Those applications are all based on hardware that provides data through sensors. We look at that data, analyze it, and then make applications out of it. Think about turbines for a utility. We help the utility company analyze how much service its power plants need based on fuel consumption, the utilization rates, and the maintenance data.

    http://www.strategy-business.com/article/Siemens-CEO-Joe-Kaeser-on-the-Next-Industrial-Revolution?gko=efd41

  • How to Motivate Millennials, By Millennials

    1. Be liberal with trust, autonomy and creative freedom.
    Millennials seek job environments where they are trusted by their supervisors and given the creative freedom and flexibility to make decisions and find their own path to success. Millennials are not drawn to instructions like those found with Ikea furniture — just give them the plywood, glue, a vision and a due date.

    Also, one myth that should be dispelled about millennials is that they hop from job to job, because they are aimless or disloyal. Indeed, they do change jobs more often than most, but in most cases, it is because they are impatient with systems that stifle their ability to innovate, be empowered and ultimately stay happy. Gottstein attributes the fact that she has stayed with The Go Game for almost six years (a long time by millennial standards) because her bosses trust and provide her with a space to be creative and grow.

    http://www.entrepreneur.com/article/270764

  • Cover Letters Are Dead: Do This Instead

    Most companies today recruit online and receive applications through software systems that often don’t include a section for a cover letter,” she says. “Some industries, particularly those in Silicon Valley, receive a large amount of applications. The pace at which companies need talent has also grown exponentially, so finding the right person quickly is very important

    They are suggesting adding a summary to your resume and highlight accomplishments.
    http://www.fastcompany.com/3056444/the-future-of-work/cover-letters-are-dead-do-this-instead

  • Getting the most out of conferences

    I see conferences as an important mechanism for expanding the universe of smart people you can have conversations with. In fact, most conference organizers have their value proposition all wrong. The primary benefit of attendance lies not in listening to best-selling keynoters. Does one really have to fly eight hours and spend thousands of dollars for information that could be collected simply by reading a book, listening to a podcast or watching a YouTube video? No, but by attending a conference, you gain the benefit of those outside-the-lecture-hall conversations with smart people working hard on the same kinds of problems you are.

    Unfortunately, the way most conferences are designed today, the only places you can meet your peers are in the bathroom or during the overly compressed “feeding times.” Neither is the optimal venue for meaningful experience exchange or executive development.

    http://www.cio.com/article/3033809/leadership-management/getting-the-most-out-of-conferences.html#tk.rss_all

  • The Most Innovative Companies of 2016
    Buzzfeed… Really?
    http://www.fastcompany.com/most-innovative-companies
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News You Can Use: 10/28/2015

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  • Millennials: Entitled or Just Ambitious?
    As they come into their own professionally, millennials are shifting corporate culture and the way companies are organized. In this video, Jamie Notter, co-author of “When Millennials Take Over” digs deeply into common millennial values and how they’re changing the ways top companies compete for premium talent. Unlike previous generations, millennials aren’t satisfied with years of “paying their dues” in positions of low responsibility. They want autonomy, transparency, and a sense of mission. Expect to see the tides continue to shift in this direction as the emerging generation takes the reins in the coming decade.
  • Your Best Ally For A Big Data Budget

    Under pressure to provide better information on their businesses, CFOs are beginning to latch onto the possibilities that big data and analytics offer for their own financial reporting. A survey by Ernst & Young found that 90% of the 500 responding CFOs and others with financial titles expect to be reporting on forecasting, sustainability, and corporate social responsibility within three years. That effort will take some investment, and CPOs can perhaps make a case that with their management of the supply chain they can help, if they have the resources.

    http://www.procurementleaders.com/blog/my-blog–paul-teague/your-best-ally-for-a-big-data-budget-575274

  • Why Dell acquisitions strategy beats the industry’s Frankenstein approach

    Dell’s method was developed initially at IBM to preserve the value of the acquisition. It does that by shifting the focus from conformance to focusing on the value of the company acquired. The first step is to identify and protect the assets that were acquired and then not doing anything to damage what was purchased. In general the firms culture, process, compensation plan, span of control, executive team, hiring process, and even location remain intact.

    What gets changed are things that can be done behind the scenes to cut costs and increase execution. For instance, it is common to use Dell’s advanced supply chain to increase the speed of the acquired firm’s execution and reduce its costs. If the change makes financial sense and doesn’t put the identified assets at risk then it is put into the plan, if it doesn’t it isn’t.

    http://www.cio.com/article/2997155/mergers-acquisitions/why-dell-acquisitions-strategy-beats-the-industry-s-frankenstein-approach.html#tk.rss_all

  • How to cure the Sunday night blues
    I am definitely someone who suffers from Sunday night blues and of all their suggestions, this is the one that I deploy to keep it in check…

    While it’s tempting to dash out the door on Friday evening, you might be doing yourself a big favor if you take a bit of time to organize the following week first, O’Brien says. Or, take a few minutes on Saturday morning to plan what will need to be done on Monday, ensure you have the information and resources you need to complete those tasks, and identify any obstacles or challenges so they don’t catch you by surprise.

    http://www.fastcompany.com/3052390/how-to-be-a-success-at-everything/how-to-cure-the-sunday-night-blues

  • CIOs turn to cloud-based analytics to manage IT asset costs
    I want to know more about this Apptio services to see if it is legit…

    LaPlaine says he started off with rudimentary calculations, using Apptio to figure out total IT costs divided by total IT assets. This revealed data duplications in the general ledger, missing lease costs and other bad data. “We spent a ton of time cleaning up data … now we have a very rich model,” LaPlaine says. He counts 25 IT services in AOL’s service catalog, which produce 70 invoices every month to run and support IT services, including public cloud software from Amazon Web Services and Salesforce.com, as well as kilowatt power costs its IT systems generate. LaPlaine, who sends the corporate finance department a file with the costs every month, says he’s also using a new planning tool from Apptio to build his IT budget for 2016

    http://www.cio.com/article/2996559/cloud-computing/cios-turn-to-cloud-based-analytics-to-manage-it-asset-costs.html#tk.rss_all

  • More on Apptio… (from 2009 and not directly published from the company)
    Here is something from the company…
  • Make Your Company More Like a Family to Attract Talent
    This is easier said than done with HR policy and in companies with a downsize requirement.  That being said… I lean more towards this style than not (and did so when I had my store)

    Beyond earning insight into a company’s operating information, employees need to feel like they’re given ample opportunity for personal development and that the company is invested in making that development happen. Sixty-one percent of highly talented managers work to leverage and develop employee strengths and attributes,according to Gallup. I’ve prioritized investments into a leadership development program that teaches basic management skills to current and future managers. Better leaders help motivate and inspire employees. In turn, those new leaders will live up to a company’s values and reinforce its culture.

    http://www.entrepreneur.com/article/249793

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