Acesse a sua conta getAbstract para obter o resumo!

Mind + Machine

Acesse a sua conta getAbstract para obter o resumo!

Mind + Machine

A Decision Model for Optimizing and Implementing Analytics

Wiley,

15 min. de leitura
10 Ideias Fundamentais
Áudio & Texto

Sobre o que é?

Big data! AI! Knowledge management! Which of these are over-hyped fads?

Editorial Rating

8

getAbstract Rating

  • Applicable
  • Eye Opening
  • Overview

Recommendation

Evaluserve CEO Marc Vollenweider knows his analytics, and large stretches of his guidebook offer focused, applicable advice. The list of analytics-related fallacies in Part I alone can save organizations plenty of money, and the methodology he explains in Part III can make implementing analytics sensible and functional. However, because Vollenweider is so experienced in analytics, he moves quickly, and so his work may challenge those who are new to the field. That issue aside, getAbstract recommends his guidance to anyone interested in analytics, big data or knowledge management.

Summary

Big Data: Hype, Fallacies and Reality

Big data and related fields like analytics suffer from hype. Overblown claims about big data often overwhelm useful, focused, rational discussions of big-data reality. The first fallacy is that “big data solves everything.” It doesn’t. Many people embrace big data without necessary tools and contexts. They need better structures to govern data usage, as well as a definition of how they’ll use analytics, goals, metrics and accountable, expert staff.

Some people falsely believe you need a “data lake and tools.” A data lake is a huge collection of data. The fallacious promise is that you can process data more cheaply if you collect mass quantities of it. Unfortunately, you’re more likely to duplicate data, let data die in the lake and risk handling “intellectual property” badly. People also believe that more data “means more insight.” That can be true – if you process the right data the right way. More often, it isn’t true.

A Data Pyramid

Consider a pyramid of data use with four levels. Level 1 is “raw data,” like surveillance camera photos. Level 2 is “information,” data you’ve partially...

About the Author

Marc Vollenweider is co-founder and CEO of Evaluserve, a company that specializes in analytics and data management.


Comment on this summary

  • Avatar
  • Avatar
    T. C. 8 years ago
    Touches on good key topics and is good reading on tools and rick management.
  • Avatar
    P. C. 8 years ago
    Touches on key topics such as human rationality, tools and risk management without deep diving and losing focus. Could've structured more clearly: trends, why outsourcing becomes favored with this approach. Good reading. From 0 to 10, as far as satisfying my expectations, I give it a 7.5.

More on this topic

Related Skills

Atraia e recrute talentos
Torne-se mais produtivo
Comunique-se de forma eficaz
Finanças corporativas
Desenvolva produtos inovadores
Desenvolva a organização
Transformação digital
Discover AI Use Cases
Discover and Understand Digital Technologies
Setor automotivo
Setor da consultoria
Setor de bens de consumo
Discover Economy
Setor financeiro
Setor manufatureiro
Mercados na Ásia
Setor esportivo
Setor tecnológico
Setor telecom
Drive AI Transformation
Impulsione o marketing digital
Empreendedorismo
Execute Digital Operations
Liderança executiva
Recursos Humanos
Amplie a sua consciência cultural
Inove estrategicamente
Inovação
Lidere o planejamento operacional
Lidere estrategicamente
Liderança
Leverage AI for Business Strategy
Leverage AI for Customer Experience
Leverage AI for Finance
Leverage AI for Leadership
Leverage AI for Marketing
Leverage AI for Product Development
Leverage AI for Sales
Tome boas decisões
Manage Learning and Development
Manage People and Talent
Gerencie a inovação de produtos
Gestão
Insights de mercado por região
Marketing
Otimize o desempenho da equipe
Crescimento pessoal
Planeje e estrategize as suas vendas
Vendas
Competências comportamentais
Reforce o seu alfabetismo digital
Understand AI
Compreenda o comportamento do consumidor
Understand Economics
Compreenda a inovação
Compreenda as organizações
Use AI for Production & Supply Chain
Habilidades no ambiente de trabalho
Futuro do setor manufatureiro
Tendências do mercado de trabalho
Analise dados
Comunique-se estrategicamente
Use AI for Decision Support
Comportamento do consumidor na Ásia
Futuro do trabalho
Utilize tecnologias de RH
Use AI with Company Knowledge
Oferta e demanda
Realize pesquisa com usuários
Descubra tendências culturais
Futuro do setor automotivo
Análise do mercado por setor
Apresente dados com clareza
Discover and Understand Data Analytics and Big Data
Setor da saúde
Futuro do setor esportivo
Alavanque a ambidestria
Compreenda a aprendizagem organizacional
Futuro do setor de bens de consumo
Gerencie suas contas
Entenda a economia de RH
Discover AI Use Cases in the Tourism Industry
Regulamentação do setor financeiro
Futuro do setor financeiro
Use AI for Data Analysis
AI Transformation
Futuro do setor telecom
Melhore o desempenho organizacional
Domine o pensamento sistêmico
Produção e logística
Use AI for Coaching and Development
Use AI for Demand Forecasting
Aplique o design thinking
Use AI to Enhance Communication
Futuro do setor da consultoria
Impulsione o desenvolvimento de produtos
Observe mudanças na sociedade
Guide Teams Through AI Transition
Use AI for Generating Ideas
Use AI for Workflow Automation
Simplifique o seu fluxo de trabalho
Implemente a agilidade
Use AI for Personal Productivity
Futuro do setor turístico
Discover Latest AI Advances
Leverage AI Agents
Organize for AI
Analise dados dos usuários
Use AI for Marketing Analytics
Futuro do setor do varejo
Use AI for Financial Forecasting
Use AI for Process Optimization
Desenvolva suas habilidades de pensamento
Drive AI Adoption in Teams
Leverage AI in Your Daily Tasks
Setor turístico
Use AI for Market Analysis
Serviços legais
Understand AI Impact on Business and Economy
Gerencie o capital intelectual
Tendências de mercados emergentes
Gerencie o conhecimento organizacional
Setor do varejo
Regulamentação do setor tecnológico
Pense analiticamente
Tome decisões baseadas em dados
Aplique o marketing orientado a dados
Compreenda os dados
Tendências de comportamento do consumidor
Use AI for Knowledge Base Generation
Leverage AI for Management
Descubra tendências de marketing