Data Is Everybody's Business

Data Is Everybody's Business
Author: Barbara H. Wixom
Publisher: MIT Press
Total Pages: 202
Release: 2023-09-26
Genre: Business & Economics
ISBN: 0262048213

A clear, engaging, evidence-based guide to monetizing data, for everyone from employee to board member. Most organizations view data monetization—converting data into money—too narrowly: as merely selling data sets. But data monetization is a core business activity for both commercial and noncommercial organizations, and, within organizations, it’s critical to have wide-ranging support for this pursuit. In Data Is Everybody’s Business, the authors offer a clear and engaging way for people across the entire organization to understand data monetization and make it happen. The authors identify three viable ways to convert data into money—improving work with data, wrapping products with data, and selling information offerings—and explain when to pursue each and how to succeed. Key features of the book: • Grounded in twenty-eight years of academic research, including nine years of research at the MIT Sloan Center for Information Systems Research (MIT CISR) • Definitions of key terms, self-reflection questions, appealing graphics, and easy-to-use frameworks • Rich with detailed case studies • Supplemented by free MIT CISR website resources (cisr.mit.edu) Ideal for organizations engaged in data literacy training, data-driven transformation, or digital transformation, Data Is Everybody’s Business is the essential guide for helping everybody in the organization—not just the data specialists—understand, get excited about, and participate in data monetization.

Data is Everybody's Business

Data is Everybody's Business
Author: Barbara Haley Wixom
Publisher:
Total Pages: 0
Release: 2023
Genre: Big data
ISBN: 9780262375344

"A guide for business leaders to understand the capabilities and strategies necessary to make money from their data"--

The Business of Data

The Business of Data
Author: Martin De Saulles
Publisher: Routledge
Total Pages: 177
Release: 2020-06-08
Genre: Business & Economics
ISBN: 0429762739

This book is about the rise of data as a driver of innovation and economic growth. It charts the evolution of business data as a valuable resource and explores some of the key business, economic and social issues surrounding the data-driven revolution we are currently going through. Readers will gain an understanding of the historical underpinnings of the data business and why the collection and use of data has been driven by commercial needs. Readers will also gain insights into the rise of the modern data-driven technology giants, their business models and the reasons for their success. Alongside this, some of the key social issues including privacy are considered and the challenges these pose to policymakers and regulators. Finally, the impact of pervasive computing and the Internet of Things (IoT) is explored in the context of the new sources of data that are being generated. This book is useful for students and practitioners wanting to better understand the origins and drivers of the current technological revolution and the key role that data plays in innovation and business success.

Too Big to Ignore

Too Big to Ignore
Author: Phil Simon
Publisher: John Wiley & Sons
Total Pages: 256
Release: 2013-03-18
Genre: Business & Economics
ISBN: 1118638174

Introduction: This ain't your father's data -- Data 101 and the data deluge -- Demystifying big data -- The elements of persuasion : big data techniquies -- Big data solutions -- Case studies : the big rewards of big data -- Taking the big plunge -- Big data : big issues and big problems -- Looking forward : the future of big data -- Final thoughts.

The Data Industry

The Data Industry
Author: Chunlei Tang
Publisher: John Wiley & Sons
Total Pages: 217
Release: 2016-06-13
Genre: Mathematics
ISBN: 111913840X

Provides an introduction of the data industry to the field of economics This book bridges the gap between economics and data science to help data scientists understand the economics of big data, and enable economists to analyze the data industry. It begins by explaining data resources and introduces the data asset. This book defines a data industry chain, enumerates data enterprises’ business models versus operating models, and proposes a mode of industrial development for the data industry. The author describes five types of enterprise agglomerations, and multiple industrial cluster effects. A discussion on the establishment and development of data industry related laws and regulations is provided. In addition, this book discusses several scenarios on how to convert data driving forces into productivity that can then serve society. This book is designed to serve as a reference and training guide for ata scientists, data-oriented managers and executives, entrepreneurs, scholars, and government employees. Defines and develops the concept of a “Data Industry,” and explains the economics of data to data scientists and statisticians Includes numerous case studies and examples from a variety of industries and disciplines Serves as a useful guide for practitioners and entrepreneurs in the business of data technology The Data Industry: The Business and Economics of Information and Big Data is a resource for practitioners in the data science industry, government, and students in economics, business, and statistics. CHUNLEI TANG, Ph.D., is a research fellow at Harvard University. She is the co-founder of Fudan’s Institute for Data Industry and proposed the concept of the “data industry”. She received a Ph.D. in Computer and Software Theory in 2012 and a Master of Software Engineering in 2006 from Fudan University, Shanghai, China.

Data Leadership for Everyone

Data Leadership for Everyone
Author: Anthony J. Algmin
Publisher: Sourcebooks, Inc.
Total Pages: 180
Release: 2024-04-23
Genre: Business & Economics
ISBN: 1728285224

A revolutionary approach to bringing data and business together Data is lazy. It sits in files or databases, minding its own business but not accomplishing very much. Data is like someone in their mid-twenties, living with their parents, who won't get off the couch and make something of their life. Data is also the closest thing we have to truth in our organizations—but most business leaders today struggle using data to make an impact on what really matters: the success of their businesses. Data Leadership for Everyone is a game-changing book for anyone who believes in the power of data and is ready to create revolutionary change in their organization. Whether you're a C-suite executive, a manager, or an individual contributor, this book will propel your career by unlocking the mystery of how raw data transforms into real outcomes. In this book, data leadership advocate and transformation coach Anthony J. Algmin reveals his five-step Data Leadership Framework, breaking down the complexity of data systems and empowering you to: Access and prepare data for use Refine data to maximize its potential Use data to find new insights Impact business success with data value Govern and scale data-driven outcomes Data is the key to the future success of all businesses, and anyone not making the most of data will lose, while those who can use data to drive business value will win. It's not enough to learn about data—business success requires a special leadership approach to connect data to the people, processes, and technologies unique to your organization. With over 150 specific takeaways, Data Leadership for Everyone is a must-have business leadership book to help you become a better data leader for the twenty-first century and beyond.

Big Data in Practice

Big Data in Practice
Author: Bernard Marr
Publisher: John Wiley & Sons
Total Pages: 320
Release: 2016-03-22
Genre: Business & Economics
ISBN: 1119231396

The best-selling author of Big Data is back, this time with a unique and in-depth insight into how specific companies use big data. Big data is on the tip of everyone's tongue. Everyone understands its power and importance, but many fail to grasp the actionable steps and resources required to utilise it effectively. This book fills the knowledge gap by showing how major companies are using big data every day, from an up-close, on-the-ground perspective. From technology, media and retail, to sport teams, government agencies and financial institutions, learn the actual strategies and processes being used to learn about customers, improve manufacturing, spur innovation, improve safety and so much more. Organised for easy dip-in navigation, each chapter follows the same structure to give you the information you need quickly. For each company profiled, learn what data was used, what problem it solved and the processes put it place to make it practical, as well as the technical details, challenges and lessons learned from each unique scenario. Learn how predictive analytics helps Amazon, Target, John Deere and Apple understand their customers Discover how big data is behind the success of Walmart, LinkedIn, Microsoft and more Learn how big data is changing medicine, law enforcement, hospitality, fashion, science and banking Develop your own big data strategy by accessing additional reading materials at the end of each chapter

Innovation is Everybody's Business

Innovation is Everybody's Business
Author: Robert B. Tucker
Publisher: John Wiley & Sons
Total Pages: 208
Release: 2010-10-26
Genre: Business & Economics
ISBN: 0470891742

Innovation isn't something you do after you get your work done. It's how you do your work. Organizations all over the world are shedding jobs in record numbers. Yet today, they are desperately in need of people with the abilities and skills to think ahead of the curve, delight customers, motivate colleagues, slash costs, and achieve unconventional results. In this practical road map to becoming irreplaceable, global innovation guru and bestselling author Robert B. Tucker reveals why honing your I-Skills (Innovation Skills) may be the smartest career move you'll make. Based on interviews with forty-three innovation-adept managers and individual contributors, Innovation Is Everybody's Business guides you in: Mastering the seven essential I-Skills you need to become indispensable Unleashing the “mindset, skillset, and toolset of the innovator” that enable you to anticipate and rise to the challenges your organization faces in a hypercompetitive era Developing your Personal Innovation Strategy to address the critical components of becoming irreplaceable Assaulting your assumptions at the personal, organizational, and industry levels Building tools for work-life balance and creating your own job satisfaction If you're ready to stop talking about innovation and start adding value today – in your job, department or organization – you're ready to read and benefit from the powerful message of Innovation is Everybody's Business.

Monetizing Your Data

Monetizing Your Data
Author: Andrew Roman Wells
Publisher: John Wiley & Sons
Total Pages: 370
Release: 2017-02-23
Genre: Business & Economics
ISBN: 1119356261

Transforming data into revenue generating strategies and actions Organizations are swamped with data—collected from web traffic, point of sale systems, enterprise resource planning systems, and more, but what to do with it? Monetizing your Data provides a framework and path for business managers to convert ever-increasing volumes of data into revenue generating actions through three disciplines: decision architecture, data science, and guided analytics. There are large gaps between understanding a business problem and knowing which data is relevant to the problem and how to leverage that data to drive significant financial performance. Using a proven methodology developed in the field through delivering meaningful solutions to Fortune 500 companies, this book gives you the analytical tools, methods, and techniques to transform data you already have into information into insights that drive winning decisions. Beginning with an explanation of the analytical cycle, this book guides you through the process of developing value generating strategies that can translate into big returns. The companion website, www.monetizingyourdata.com, provides templates, checklists, and examples to help you apply the methodology in your environment, and the expert author team provides authoritative guidance every step of the way. This book shows you how to use your data to: Monetize your data to drive revenue and cut costs Connect your data to decisions that drive action and deliver value Develop analytic tools to guide managers up and down the ladder to better decisions Turning data into action is key; data can be a valuable competitive advantage, but only if you understand how to organize it, structure it, and uncover the actionable information hidden within it through decision architecture and guided analytics. From multinational corporations to single-owner small businesses, companies of every size and structure stand to benefit from these tools, methods, and techniques; Monetizing your Data walks you through the translation and transformation to help you leverage your data into value creating strategies.

Data-Driven Business Strategies

Data-Driven Business Strategies
Author: Steven Vollmer
Publisher: Steven Vollmer
Total Pages: 41
Release: 2023-06-15
Genre: Business & Economics
ISBN: 1088254403

"Data-Driven Business Strategies: Understanding and Harnessing the Power of Big Data" is a comprehensive guide that delves into the intersection of business strategies and the potential of big data. This book equips readers with the knowledge and tools to leverage the vast amounts of data available in today's digital age. It covers essential concepts, methodologies, and real-world examples to help businesses make informed decisions, optimize processes, and create effective strategies based on data insights. Whether you're a business professional, manager, or entrepreneur, this book provides valuable insights into harnessing the power of big data to drive success in the modern business landscape.