Data & Analytics

The Flood of Data From IoT Is Powering New Opportunities — for Some

IoT promised, and delivered, a data deluge. But is the data any good? Survey results from MIT SMR’s recent internet of things research suggest that it is — but the most value goes to those who got into IoT early and have years of experience under their belt. The message to those considering IoT projects: Don’t wait.

Free Webinar, Dec. 1: IoT and Developing Analytics-Based Data Products

On Dec. 1 at 11 a.m. EST, join MIT SMR coauthors Thomas H. Davenport and Stephan Kudyba in a free, live webinar, where they will discuss their recent article, “Designing and Developing Analytics-Based Data Products.” The authors will look at the ways in which the internet of things, market forces, and evolving technology are changing how companies plan the development of data products. This new product category requires a reworking of the traditional phases of product development.

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Free Video Panel: Creating a Data-Driven Enterprise: Real-Life Cases

In a video panel and Q&A, MIT SMR editors discuss key insights from a recently completed series of in-depth case studies on how prominent organizations are using data and analytics to transform their operations. They review Intermountain Healthcare, GE, Nedbank, and the City of Amsterdam’s efforts to become more data driven. This set of diverse organizations offers a unique perspective on the challenges and opportunities associated with becoming a data-driven organization.

A Bank On the Edge of a Deep River

South African finance leader Nedbank is using data and analytics as a way to help the bank’s clients better understand their business. And the more data-oriented the bank becomes, the better able it will be to turn its developing prowess on itself. As the bank dives deeper into analytics, the same data it’s using for clients can help Nedbank better understand its own organization, employees, suppliers, and more.

Data Sharing, Advanced Analytics, and Success with IoT

In this webinar, the authors of MIT SMR‘s research report on the Internet of Things and a representative of one of the report’s primary examples, John Buccola, CIO of WASH Multifamily Laundry Systems, share experiences, findings, and insights from their exploration into how companies are deriving value from the Internet of Things.

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Lessons from Becoming a Data-Driven Organization

Organizations across the business spectrum are awakening to the transformative power of data and analytics. They are also coming to grips with the daunting difficulty of the task that lies before them. It’s tough enough for many organizations to catalog and categorize the data at their disposal and devise the rules and processes for using it. It’s even tougher to translate that data into tangible value. But it’s not impossible, and many organizations, in both the private and public sectors, are learning how.

Customer Relationships Get the Data Treatment

A new case study by MIT Sloan Management Review, “A Data-Driven Approach to Customer Relationships,” details how the South African bank Nedbank is using its rich access to a trove of transactional data from credit card use — from the time of transactions and size of purchases to retailer locations, and even specific details like the age, gender, race, marital status, and income bracket of some users — to help merchants make strategic decisions to better serve those customers.

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Can Artificial Intelligence Replace Executive Decision Making?

Despite improvements in cognitive technologies, the “Jetson” dream managerial scenario of sitting back and letting machines do all the work is still far from reality. Decisions that executives face don’t necessarily fit into defined problems well suited for automation. Cognitive technologies will increasingly absorb the easiest aspects of executive jobs, but at least for the time being, countless decisions still require human engagement.

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