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Big Data: The Management Revolution

Big Data: The Management Revolution Based on the article by Andrew McAfee and Erik Brynjolfsson Harvard Business Review , October 2012. Big Data Solves a Big Problem. “You can’t manage what you don’t measure.”. The Amazon Story. Big Data. Industry Transformation.

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Big Data: The Management Revolution

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  1. Big Data: • The ManagementRevolution • Based on the article by Andrew McAfee and Erik BrynjolfssonHarvard Business Review, October 2012

  2. Big Data Solves a Big Problem “You can’t manage what you don’t measure.”

  3. The Amazon Story • Big Data • Industry Transformation

  4. The Opportunity for Competitive Advantage • Data-driven decisions increase productivity and profitability.

  5. What’s Different About Big Data? volume velocity variety

  6. What’s Different About Big Data? Volume • Massive data sets

  7. What’s Different About Big Data? Velocity • Information in real time

  8. What’s Different About Big Data?Velocity • GPS Data • Early Sales Estimates

  9. What’s Different About Big Data? Variety • Unstructured andunwieldy data

  10. What’s Different About Big Data?How Passur Improves Airline ETAs • CHALLENGE Minutes matter.

  11. What’s Different About Big Data?How Passur Improves Airline ETAs • RESULTSImproved accuracy saves airports millions.

  12. 5 Big Data Challenges Leadership Talent Management Technology Decision Making Company Culture

  13. 5 Big Data Challenges LeadershipSet clear goals and decide what success looks like. 1

  14. 5 Big Data Challenges Talent ManagementYou need data scientistsand domain experts. 2

  15. 5 Big Data Challenges Talent ManagementYou need data scientistsand domain experts. 2

  16. 5 Big Data Challenges TechnologyDevelop new skills in IT. 3

  17. 5 Big Data Challenges Decision MakingBase decisions on evidence. 4

  18. 5 Big Data Challenges Company CultureDon’t ask “what do we think?” 5 Ask “what do we know?”

  19. The Payoff • Smarter predictions, decisions, and interventions

  20. HBR Magazine and Web Articles • Data Scientist: The Sexiest Job of the 21st Century • Thomas H. Davenport and D.J. Patil • Making Advanced Analytics Work for You • Dominic Barton and David Court • Why IT Fumbles Analytics • Donald A. Marchand and Joe Peppard • How Smart, Connected Products Are Transforming Competition • Michael E. Porter and James E. Heppelmann • Why Your Analytics Are Failing You • Michael Schrage • Can Your C-Suite Handle Big Data? • Brad Brown, David Court, and Paul Willmott • HBR Press Books • Keeping Up with the Quants: Your Guide to Understanding and Using Analytics • Thomas H. Davenport and Jinho Kim • Big Data at Work: Dispelling the Myths, Uncovering the Opportunities • Thomas H. Davenport Learn More

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