Even though the term “supply chain” sounds like it focuses on the supplier, supply chains actually are designed with the customer in mind.
lk 123
Even though the term “supply chain” sounds like it focuses on the supplier, supply chains actually are designed with the customer in mind.
lk 123
If information were held with the same regard as other traditional assets, we wouln’dt see the epidemic of nonchalance and negligence in caring for it, enabling it, and leveraging it.
lk 107
But advanced analytics solutions, particularly data mining, machine learning, and predictive application, flourish with large datasets. The larger the dataset, the easier it is to uncover hidden subtle patterns and trends, and therefore, opportunities which are likely to evade the competition.
lk 87
How can we exploit the characteristics of Big Data? How can we use information to make better/faster decisions? What questions can we ask now that couldn’t be addressed earlier?
lk 85
The requisite BI tool/platform features of data aggregation, summarations, selection, slicing, drilling, and charting are tuned for presenting information interesting to users, but not necessarily information important to optimization business processes.
lk 84
It’s silly that someone around here has an inventory of our office furniture, but nobody in the company has an inventory of what data we have.
lk 59
Conversely, information leaders typically lack the most basic capability for information asset management: an accurate and current information inventory, including internal and external information with the potential for economic benefits.
lk 55
But let’s back up to the hidden potential of monetizing “dark data”. Dark data is how some refer to unutilized or underutilized data – typically data that was collected and used for a single purpose, then forgotten about and often archived.
lk 42
With money you can buy things; with information you can attain insights, relationships, performance, and things.
lk 20
Insights using just your own data are just that, “insights”. They fail to put your operations, your situation, or your future into the global context, where it belongs. Even more valuable are “outsights”.
lk 16
… you should be thinking about how to collect data from external sources-particularly sources devoid of commercial restrictions.
lk 16
In reality, “loyality-based discount” is secret retail code for “free stuff in exchange for information about you and your purchase”.
lk 15
In fact, the opportunities for indirectly monetizing information arguably are broader than those for monetizing it directly. You are only limited by your imagination … and your ability to measure and attribute the benefits.
lk 14
Infonomics posits that information should be considered a new asset class in that it has measurable economic value and other properties that qualify it to be accounted for and administered as any other recognized type of asset – and that there are significant strategic, operational, and financial reasons for doing so.
lk 9.