Originally published by Tom Davenport in Teradata Perspectives at Forbes.com There is widespread agreement that the Internet of Things will be a transformative factor in the business use of information. The prospect of billions of connected devices promises to transform home activities, transportation,…
One of the leaders of First Analytics, Tom Davenport, has written about how to organize analytics professionals within companies. For example, in “Five Ways to Organize Your Data Scientists” he comments on organizational variations ranging between a fully decentralized organization with…
Initially published by Tom Davenport on Data Informed. A few years ago, while working with DJ Patil (now the Chief Data Scientist of the U.S. Office of Science and Technology Policy) on an article about data scientists, he related to me a…
Union Pacific’s announcement this week of an all-time record low reportable injury rate, making it the safest Class 1 railroad in the United States, is a validation of a data-analytic approach to safety. First Analytics has worked with Union Pacific since 2011…
One might assume that data generated by sensors and event recorders would be clean because after all, these are precise instruments, right? Alas, the analytics of things suffers from the age-old challenge of data quality. This screenshot from SAS Visual Analytics show that for…
The hot field of analytics is rife with hype and its associated buzzwords, such as “big data” and “data science.” Some have pointed out that, while the world fixates on big data, there are opportunities to be had with the small data…
Originally published by Tom Davenport at Deloitte University Press Some cognitive technology vendors and customers are moving past the “science project” phase and using artificial intelligence (AI) to transform business processes. Now is the time for businesses to consider the areas…
I recently installed a replacement mailbox and post, so off I went to Lowe’s to shop for address number decals to affix to new mailbox. When I located the pegboard hooks holding the numbers, as a quant, I immediately noticed…
Data scientists enjoy seeing the progress made in their profession. The field of cognitive computing, with its related technologies such as deep learning, will surely be the next big trend to watch in the coming years. See, for example, this article from…
Beer and diapers – it’s a data mining legend. The notion is that, a young father, sent to the store to pick up diapers, avails himself of the opportunity to also grab a case of beer. Discovering these associations is one of…