Data & Analytics

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Winning the Race With Ever-Smarter Machines

The capabilities of computers are now improving so quickly that concepts can move from the realm of science fiction into everyday life in just a few years, rather than a lifetime. Rapid advances in information technology — computer hardware, software and networks — are yielding applications that can do anything from answering game show questions to driving cars. But to gain true leverage from these ever-improving technologies, companies need new processes and business models.

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Analytics: The Widening Divide

In this second joint MIT Sloan Management Review and IBM Institute for Business Value study, we see a growing divide between those companies that, on one side, see the value of business analytics and are transforming themselves to take advantage of these newfound opportunities, and those, on the other, that have yet to embrace them.

Image courtesy of the US Army.
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Quick Wins Help Avoid Culture Obstacles on the Path to Value

“The biggest predictor of success…has been when there’s a strong business sponsor involved,” says Randy Bean, co-founder of NewVantage Partners. Broad-based organizational support usually follows when the business sees how analytics will improve the top and bottom line.

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Tim Harford on Trial, Error and Our “God Complex”

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Financial Times journalist Tim Harford and author of “Adapt: Why Success Always Starts With Failure” argues that companies that have a God complex look for smart people (what he calls “little Gods”) to solve complex problems — when what they should really be doing is establishing systematic processes of trial and error.

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What Baseball, Wine and Healthcare Have in Common

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What do baseball, wine and healthcare have in common?

More than you might think.

In particular, people are gaining new insights about each of the three subjects through statistical models that analyze data to make predictions.

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K. Ananth Krishnan is chief technology officer of Tata Consultancy Services Ltd.
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The “Unstructured Information” Most Businesses Miss Out On

Businesses’ ability to process numbers in “well-behaved rows and columns” goes back 40 years, notes K. Ananth Krishnan, chief technology officer of Tata Consultancy Services, one of the largest companies in India. Figuring out how to mine and process the information in text, video, and audio is the new frontier.
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Travel, Crowds, or Refs: What Creates Home Team Advantage?

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In sports, where does home team advantage come from?

New research has found that teams do better playing at home courts surrounded by fans not because the athletes are more energetic, not because opponents are intimidated by crowds, and not because travel takes something out of the visiting team.

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Image courtesy of Flickr user Nathan Eal Photography.

Why Companies Have to Trade “Perfect Data” for “Fast Info”

Companies have been trained to think about data all wrong, say Attivio’s Ali Riaz and Sid Probstein. “Analytics don’t have to be based on super-precise data,” they say. “The report doesn’t have to be perfect. It needs to capture the behavior, not the totality of it.”

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How Analytics Can Get You Better Medical Treatment

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We talk a lot at MIT SMR about the smart ways company leaders are sorting through avalanches of data to make better decisions. (Links to our most current articles on The New Intelligent Enterprise are here.)

In the world of medicine, analytics has a special kind of urgency.

Showing 61-80 of 99