Friday, June 19, 2020
Business Intelligence and Analytics 69
1 The Three Essentials of B2B Digital Transformation
https://knowledge.insead.edu/strategy/the-three-essentials-of-b2b-digital-transformation-14406
The most common question we hear is, “Where do I start?” The answer is, “Where it makes the most sense from a customer’s point of view.”
Today we are witnessing a profound shift in how B2B leaders use digital to consume information, make informed buying decisions and engage with suppliers. Covid-19 has accelerated this shift, which will not abate when the pandemic recedes. Although the shift is easy to see, addressing it isn’t straightforward.
2 The Recession’s Impact on Analytics and Data Science
https://sloanreview.mit.edu/article/the-recessions-impact-on-analytics-and-data-science/
The outbreak of the COVID-19 pandemic is having a dramatic negative impact on economies in the U.S. and worldwide, and unemployment rates are soaring. Given the economic disruptions, it seems likely that many countries in the global economy will experience a recession.
Organizations are beginning to grapple with how the economic slowdown will influence investments they are making across the board. One question we wonder about is whether the demand for analytics and data science resources will remain heavy or slow down.
3 Why Sharing Good News Matters
https://sloanreview.mit.edu/article/why-sharing-good-news-matters/
Research shows us that even in normal times, constant exposure to negative newscan have a heavy impact on our mental health. In the midst of an unprecedented health and humanitarian crisis like the COVID-19 pandemic, people are not only faced with new challenges in their work and personal lives but also subjected to a constant barrage of troubling headlines.
4 How leading innovators are pulling farther ahead
https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/the-innovation-commitment
Seven years ago, we unveiled research highlighting the existence of innovation’s eight “essentials”—a collection of attributes and behaviors that appeared to underpin superior innovation performance. 1 Since then, we’ve validated the essentials through further research and seen them in action at hundreds of companies. This work has deepened our conviction that not only do the essentials matter but also that mastering them is critical to survival at a time when transformational growth is needed to defend against disruptive rivals
5 The eight essentials of innovation
https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/the-eight-essentials-of-innovation
Since innovation is a complex, company-wide endeavor, it requires a set of crosscutting practices and processes to structure, organize, and encourage it. Taken together, the essentials described in this article constitute just such an operating system, as seen in Exhibit 2. These often overlapping, iterative, and nonsequential practices resist systematic categorization but can nonetheless be thought of in two groups.
6 Collective Intelligence and the Data Driven Organization
http://www.datavirtualizationblog.com/collective-intelligence-and-the-data-driven-organization/
Collective intelligence draws on collaboration between individuals. It exploits their singularities, raises them to power, and creates, in the end, a real holistic system, much more valuable than the sum of its parts. Collective intelligence provides value for all, and it is not a framework for comparing individuals, or even worse, for discriminating against them. Collective intelligence gives strength to differences, distilling from each individual the contributions which then become food for the collective.
7 U.S. weekly jobless claims remain high as second wave of layoffs hits industries
https://www.reuters.com/article/us-usa-economy-idUSKBN23P0G2
A second wave of layoffs amid weak demand and fractured supply chains is keeping new U.S. applications for unemployment benefits elevated, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.
Initial claims for state unemployment benefits totaled a seasonally adjusted 1.508 million for the week ended June 13, down from 1.566 million in the prior week, the Labor Department said on Thursday. The 11th straight weekly drop pushed claims further away from a record 6.867 million in late March.
8 Adapt or Fall: Why Darwin’s Ideas Still Matter to Modern Businesses
https://www.business2community.com/strategy/adapt-or-fall-why-darwins-ideas-still-matter-to-modern-businesses-02320346
Today the commonly accepted conclusion of Charles Darwin’s seminal work, The Origin of Species, is that the bedrock of evolution is “survival of the fittest.” In actuality, this interpretation represents a morphing of what Darwin proclaimed centuries earlier. His key theory was that evolution favored the survival of the most adaptable, not the fittest. The distinction is subtle yet profound, and particularly relevant when thinking about businesses since the onslaught of COVID-19.
9 Clustering How it Works (in Plain English!)
https://blog.dataiku.com/clustering-how-it-works-in-plain-english
There are several methods of unsupervised learning, but clustering is far and away the most commonly used unsupervised learning technique, and will be the focus of this article. Clustering refers to the process of automatically grouping together data points with similar characteristics and assigning them to “clusters.”
10 The Most Important Fundamentals of PyTorch you Should Know
https://www.kdnuggets.com/2020/06/fundamentals-pytorch.html
Since it was introduced by the Facebook AI Research (FAIR) team, back in early 2017, PyTorch has become a highly popular and widely used Deep Learning (DL) framework. Since the humble beginning, it has caught the attention of serious AI researchers and practitioners around the world, both in industry and academia, and has matured significantly over the years.
11 Time Series in 5-Minutes, Part 2: Autocorrelation and Cross Correlation
https://www.r-bloggers.com/time-series-in-5-minutes-part-2-autocorrelation-and-cross-correlation/
Have 5-minutes? Then let’s learn time series. In this short articles series, I highlight how you can get up to speed quickly on important aspects of time series analysis. Today we are focusing on a critical visualization technique: Autocorrelation and Cross Correlation. Learn how to make interactive (plotly) and static (ggplot2) visualizations easily with timetk.
12 U.S. senators unveil bill to curb foreign espionage, influence on campuses
https://www.reuters.com/article/us-usa-china-education-idUSKBN23P1M5
A bipartisan group of U.S. senators unveiled legislation on Thursday aimed at protecting research and innovation on U.S. campuses and prevent suspected theft of intellectual property by China and other countries.
The bill comes amid a growing push in Washington to clamp down on spying and intellectual property theft that some Chinese nationals are suspected of engaging in on U.S. university and college campuses.
13 Is FEAR or F.E.A.R Holding You Back?
https://copyblogger.com/f-e-a-r/
Fear is an emotional response to an actual threat, and it’s a fundamental survival mechanism that’s served us well throughout human history. When you’re in immediate danger, fear tells you to get yourself to someplace safer.
Once our ancestors saw a few friends and relatives devoured by lions, fearing lions became a smart move. Nowadays we react in a similarly legitimate fashion when faced with an AR-15, a car veering toward us, or a new track from Justin Bieber.
14 Crashing U.S. Auto Sales: Can the Industry Recover?
https://knowledge.wharton.upenn.edu/article/crashing-auto-sales-can-the-industry-recover/
While sales of products like toilet paper, hand sanitizer even home appliances have skyrocketed during the coronavirus pandemic, auto sales have experienced the opposite. Through March, April and May, total vehicle sales in the United States fell to levels not seen since the Great Recession a decade ago. Demand crashed as millions of commuters suddenly found themselves working from home or laid off, and consumers responded predictably to the economic uncertainty by putting off expensive purchases such as new cars, trucks and SUVs.
15 How to Create a Positive Work Culture in 2020?
https://www.business2community.com/workplace-culture/how-to-create-a-positive-work-culture-in-2020-02319693
Before talking about how to create a positive work culture, it is essential to remind ourselves what is it and why is it so essential.
Work culture is the environment and atmosphere created for the employees to work. It has a significant role in determining their job satisfaction, relationships, career advancement, and a sense of belonging at work. It is a mix of the organization’s values, traditions, beliefs, leadership, intercommunications, responses, and emotions that contribute to the emotional and relational environment of the workplace.
