How Data Science leads to better decision-making


DataWorld.jpg

This week’s news in the US, in Europe, and in the Middle East is a vivid reminder of the fallacy of rational decision-making. Whether we are reading about business, economics or society, each day seems to bring its load of conspicuously poor decision-making. 

Read more

Industry 4.0 - Stuck in the middle with you

industry4.jpg

The UPPA closed its international week in Bayonne last Friday on the theme of Industry 4.0. In front of one hundred thirty participants from two dozen universities on three continents, we had the opportunity to discuss the current realities and future perspectives of digital transformation in business.

Read more

Visualizing Success - Landing that Dream Job

DreamJob.jpg

How exactly do you land that dream job in Data Science? Since these are high profile, high paying opportunities, most companies won’t be relying on resume robots to sift through the quagmire of candidates. The LinkedIn Group “Analytics for Management” is currently examining the critical success factors of successful employment in data science.

Read more

Analytics 4.0

transhuman2.png

In a world that privileges novelty, modernity, and innovation, analytics isn’t exactly a passing fad. Mankind has been trying to make sense of the world around him since at least the beginning of recorded history. Most of science, if not the arts, has been based on scanning the environment, qualifying the data at hand, choosing the best method to move forward, and transforming our impressions into individual and collective action. 

Read more

Analytics’ contribution to Well-Being : Big Data and « Technologies of the Self »

 eye3.jpg

Michel Foucault once argued that the only viable yardstick for measuring technology was whether or not it contributed to human potential. The near future of Health Analytics may provide substantive proof of this vision. By 2020, roughly 25,000 petabytes of patient data will be available to the industry.[i] KPMG’s recent survey of healthcare professionals reveals that fifty-six percent of the participants surveyed believe that this data will largely contribute to our practice of business intelligence, while 35 percent cite lowering healthcare costs, and 32 percent suggest improved health outcomes.[ii] As healthcare organizations invest heavily in technology and analytics to take advantage of these opportunities, what are the opportunities for aspiring data scientists?

Read more

Queen's International Innovation Challenge

How can data spur innovation? 

map_of_world_in_grains__lentils.jpg

If management is about reducing risk, uncertainty and ambiguity; data science is about transforming data into collective action. This year’s Queen’s International Innovation Challenge provides postgraduate students an opportunity to use their analytical skills and creativity to address Food Security — a universal, perpetual challenge that just won’t go away. The competition is open to all students registered in a degree or certificate postgraduate program during the during the the current academic year. What is the relationship between data science and innovation, why engage in such a challenge, why « food security », and what will be the payback for your effort?

Read more

Managing Complexity

A manager’s day job isn’t in front of a screen…

computermanager.jpg

…but with colleagues and customers. 

Before diving into the data each day, we would do well to a step back from our desks to review the nature of the problems our organizations are trying to solve.

Read more

Data Science Education

What is the who, where, and when of Data Science education?

 Data-Science.png

Ever since the Harvard Business Review declared five years ago that Data Science was the “sexiest job on Earth”, students have flocked by the tens of thousands in pursuit of degrees in the field.[i] 

Read more

Business Analytics Institute - How can we define Digital Economics ?

digitaleconomy2.jpg

Digital Economics

In producing the content for a poster for our 2018 summer school courses on business analytics, I suggested the term “digital economics” as the title of our introductory course on the primacy of data in modern economies. 

Read more

BAI - What do managers need to know about Data Science?

What do managers need to know about data science?

datascience.png

The French publisher Ellipses contacted my colleague Farid Makhlouf and I recently to produce a university textbook on data science for business students. Because there are several valuable introductory texts to data science already on the market, we decided to address the more inclusive subject of Business Analytics. What do future managers need to understand about data, decision science and machine learning to add value to their organizations and their clients?

Read more