Crossing the Analytics Chasm with Nanoeconomics

By datasciencecentral - 2021-03-16

Description

“I love it when a plan comes together” – John (Hannibal) Smith, The A Team One of the biggest challenges that I continue to see are organizations struggling to…

Summary

  • “I love it when a plan comes together” – John (Hannibal) Smith, The A Team One of the biggest challenges that I continue to see are organizations struggling to cross the Analytics Chasm; But first, to cross the analytics chasm, executive management must commit to changing how the run the business, by transitioning from running the business based on averages (using Business Intelligence reports and dashboards) to running the business based on predicted customer, product, and operational propensities (codified using AI / ML and Data Science).
  • In fact, making decisions based on averages can drive yield incorrect decisions.
  • What would you do if you knew… To understand the potential and power of being able to predict individual human and device propensities, let’s take our business executives through this simple exercise:

 

Topics

  1. Backend (0.25)
  2. Management (0.24)
  3. Database (0.11)

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