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Instapaper: Monday, Apr. 22

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Is there anything else that needs to happen so that more data scientists can enter the public-sector arena? I think it will be important for the public sector to do partnerships with either academics or with folks in consulting to be able to meet the needs, because there are certainly a lot of data in the public sector that needs analysis. There?s a lot of opportunity there. And there just aren?t that many people to go around to work full time at all of the organizations that want to hire them. 
Instapaper: Monday, Apr. 22 - Instapaper - Your Highlight Location 676-680 | Added on Saturday, 27 April 13 23:17:06
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What is the current status of data scientists in terms of how many are available? I would say that it?s certainly difficult to find data scientists when people are looking for the magic person who combines all of those skills I talked about. They are very, very difficult to find. And those kinds of people definitely, especially the ones if you talk about advanced degrees. There?s this conception that data scientists might have to be a Ph.D. And that?s a fairly small number. And Ph.D.s generally tend to go either to high technology companies who have them on critical mass, or to startups, or to consulting firms and so on. So they?re not available in all of the sectors who?d want to hire them.And that goes for public sector as well? Right. So when you say there?s a shortage, which generally means it?s very hard to find a person to work in the location that you want at the salary that you?re willing to pay. And they don?t tend to be evenly distributed throughout the country or throughout the world for that matter. And there is definitely a general raising of salaries for these kinds of positions.
Instapaper: Monday, Apr. 22 - Instapaper - Your Highlight Location 663-671 | Added on Saturday, 27 April 13 23:11:24
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Imagine a development team gearing up to launch a product. Management could monitor communication flows ? on the enterprise social platform, if the company has adopted one, but also from scraping anonymous social data from internal networks, email, phone and Web interactions ? across affiliated teams (product development, marketing, sales, manufacturing) to track the progress and coordination across teams.
Instapaper: Monday, Apr. 22 - Instapaper - Your Highlight Location 602-605 | Added on Saturday, 27 April 13 22:52:38
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The notion that certain patterns of interaction contribute to higher operating performance while other patterns tend to diminish it is not new. Witness the ongoing interest in workspace configurations and team structures. However, social analytics lets managers, for the first time, really test the validity of these conceptions and act on their insights.
Instapaper: Monday, Apr. 22 - Instapaper - Your Highlight Location 600-602 | Added on Saturday, 27 April 13 22:52:28
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most business leaders realize that financial metrics, though widely reported, tell us how we did in the past, not how to move forward. Operating metrics, such as customer churn rate or time to market, can be leading indicators of financial performance, but by the time companies accurately measure them it?s often too late to change the outcome. In contrast, creating flow metrics based on internal and external interaction patterns can help managers not only anticipate operating performance ? and in turn financial performance ? but also help them take corrective action.
Instapaper: Monday, Apr. 22 - Instapaper - Your Highlight Location 593-597 | Added on Saturday, 27 April 13 22:52:12
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The first step is to expand inward. So far, social analytics ? the integration of social software and big data analytics to create insight from unstructured information ? has been the purview of the marketing and sales departments, where the focus has been on monitoring sites such as Twitter and Facebook to gauge customer sentiment and engagement. But social analytics can do more. Broadly applied across all functions, social analytics can focus attention on a company?s most pressing internal performance issues.
Instapaper: Monday, Apr. 22 - Instapaper - Your Highlight Location 583-588 | Added on Saturday, 27 April 13 22:50:56
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Some businesses are already posting important issues on public forums to get answers to their problems.?
Instapaper: Monday, Apr. 22 - Instapaper - Your Highlight Location 559-560 | Added on Saturday, 27 April 13 22:42:35
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see what an increase in accuracy will deliver,? said Jones. ?Before you worry about the technology, find the business case.?
Instapaper: Monday, Apr. 22 - Instapaper - Your Highlight Location 554-555 | Added on Saturday, 27 April 13 22:42:17
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Get a Tiny Job, Earn a Tiny Payment. Repeat.)
Instapaper: Monday, Apr. 22 - Instapaper - Your Highlight Location 550-550 | Added on Saturday, 27 April 13 22:40:21
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Revising an Outdated Business Model? Try Predictive Analytics
Instapaper: Monday, Apr. 22 - Instapaper - Your Highlight Location 499-500 | Added on Saturday, 27 April 13 17:49:04
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technical perfection for analytic development is rarely necessary to achieve business objectives. Rather, the focus should remain on the end goal of strategic advantage, the affect of diminishing returns of technical development, and the inevitable pressures of time and speed to market. 
Instapaper: Monday, Apr. 22 - Instapaper - Your Highlight Location 489-491 | Added on Saturday, 27 April 13 17:48:47
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Data mining, predictive modeling, optimization and demand analysis, customer segmentation, and supply chain and materials movement analytics are a small subset of potential components.
Instapaper: Monday, Apr. 22 - Instapaper - Your Highlight Location 486-488 | Added on Saturday, 27 April 13 17:48:24
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Step 2: Perform focused analytics activities.
Instapaper: Monday, Apr. 22 - Instapaper - Your Highlight Location 485-485 | Added on Saturday, 27 April 13 17:47:59
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One specific technique is to design an end-to-end strategic road map composed of short-, medium- and long-term analytic achievement?each with a resulting ROI ? where the value generated by prior projects feeds the cost of downstream efforts. Employed effectively, this method can create a self-funding mechanism that allows a company to control its analytic investments with the potential to achieve a significant reward. This road map process is at the core of defining analytic strategy.
Instapaper: Monday, Apr. 22 - Instapaper - Your Highlight Location 482-485 | Added on Saturday, 27 April 13 17:47:49
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Business unit leaders should lead by example, demonstrating how analytics-derived facts are informing their decisions in new ways.
Instapaper: Monday, Apr. 22 - Instapaper - Your Highlight Location 480-481 | Added on Saturday, 27 April 13 17:47:34
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Step 1: Define an analytics strategy that builds in flexibility.
Instapaper: Monday, Apr. 22 - Instapaper - Your Highlight Location 475-476 | Added on Saturday, 27 April 13 17:47:11
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Many analytics projects fail because too much time is spent doing what can be done with analytics versus focusing on what, specifically, the business should do with analytics. By focusing on the analytics process?from strategy to results?organizations can replace activity with achievement.
Instapaper: Monday, Apr. 22 - Instapaper - Your Highlight Location 473-475 | Added on Saturday, 27 April 13 17:47:07
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Define the objectives for constructing an analytics road map. ·       Create the strategy for achieving the objectives and achieving a return on the investment. ·       Do the actual analytics work. ·       Embed analytics inside business operations and processes. ·       Integrate enabling technology. ·       Guide the organization through the inevitable change. ·        Monitor results against the anticipated ROI. ·          Create a continuous improvement process of tuning and enhancement.
Instapaper: Monday, Apr. 22 - Instapaper - Your Highlight Location 468-473 | Added on Saturday, 27 April 13 17:45:29
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Business Analytics: Six Steps to Getting Results
Instapaper: Monday, Apr. 22 - Instapaper - Your Highlight Location 455-455 | Added on Saturday, 27 April 13 17:45:24
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These questions must also be debated with an eye on security. ?First and foremost, we have to remember that intellectual property and customer information are a company?s two most important assets,? Jerry Irvine, CIO of Prescient Solutions, told CRM Buyer.
Instapaper: Monday, Apr. 22 - Instapaper - Your Highlight Location 440-442 | Added on Saturday, 27 April 13 17:44:00
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