Friday, March 13, 2020
Business Intelligence and Analytics 55
1 Don’t Hide Bad News in Times of Crisis
https://hbr.org/2020/03/dont-hide-bad-news-in-times-of-crisis
If sunshine is the best disinfectant, the opposite is also true: Dark, hidden corners are great places to grow something truly horrible. Few problems improve with age, and public health crises are no exception. Transparency is “job one” for leaders in a crisis. Be clear what you know, what you don’t know, and what you’re doing to learn more. You can’t manage a secret, as the old saying goes.
2 How Leaders Delude Themselves About Disruption
https://sloanreview.mit.edu/article/how-leaders-delude-themselves-about-disruption/
What will it take to innovate and compete over the next decade? These articles examine some of the biggest challenges companies will face, such as building the future workforce and identifying tomorrow’s disrupters. Included are contributions to MIT SMR’s special issue on disruption, published in memory of Clayton Christensen.
3 The 11 Sources of Disruption Every Company Must Monitor
https://sloanreview.mit.edu/article/the-11-sources-of-disruption-every-company-must-monitor/
The 11 Macro Sources of Disruption
This simple tool shows the 11 sources of macro change that are typically outside a leader’s control. Because technology is so intertwined with everyday life, it is shown as intersecting with all the other sources.
4 How To Manage The Risks Within Enterprise Analytics
https://datafloq.com/read/how-to-manage-the-risks-within-enterprise-analytics/7949
Today, organisations are becoming increasingly data-driven. Business users now have greater than ever access to data & analytics technologies so that they can obtain current insights on their KPIs. The opportunity for businesses is to simultaneously provide support for self-service analytics, whilst ensuring securityand integrity. Self-service analytics will encourage the promotion of a data-driven culture resulting in transparent processes & business decisions backed by numbers. However, not all business users are data literate and enterprises are still grappling with the challenges that make it difficult for enterprises to be truly data-driven.
5 12 Articles for Managing With Resilience in a Time of Uncertainty
https://sloanreview.mit.edu/article/12-articles-for-managing-with-resilience-in-a-time-of-uncertainty/
The editors at MIT Sloan Management Review have been brainstorming about how we can provide readers with more information to help them manage and work effectively despite uncertainty. While there is a range of factors in this crisis that remain outside of the control of companies and leaders, there are several areas where focused efforts can have a real impact. Two new articles — one on leadership practices to embrace and another on the lessons China’s response efforts offer to companies and managers — offer important insights.
6 5 Factors That Will Determine The Economic Impact Of Coronavirus
https://www.woodmac.com/news/opinion/5-factors-that-will-determine-the-economic-impact-of-coronavirus/
What’s good for public health is bad for economics
Strategies to contain the spread of coronavirus have a negative economic impact. Stock markets and commodity prices are reeling on concerns of a recession. Global GDP growth will fall below the 2.3% we had expected for 2020. The question is, how bad could it get?
7 Coronavirus’ business impact: Evolving perspective
https://www.mckinsey.com/business-functions/risk/our-insights/covid-19-implications-for-business
Less than ten weeks have passed since China reported the existence of a new virus to the World Health Organization. This virus, now known as SARS-CoV-2, causing COVID-19 disease, spread quickly in the city of Wuhan and throughout China. The country has experienced a deep humanitarian challenge, with more than 80,000 cases and more than 3,000 deaths.
8 How to Build a Sales CRM Process
https://www.business2community.com/brandviews/zendesk/how-to-build-a-sales-crm-process-02292538
Legendary engineer and management consultant W. Edwards Deming once said, “A bad system will beat a good person every time.”
This truism can easily be applied to the world of sales. Even the best rep can’t succeed if their sales process is disorganized and chaotic. But how do you upgrade your sales process to be more straightforward and efficient? The answer is a sales CRM process. Customer relationship management software can help streamline the five classic sales process steps:
9 10 marketing skills you should be investing in for your business
https://www.smartinsights.com/digital-marketing-strategy/10-marketing-skills-for-business/
To give your business the best chance of success, you need to invest in marketing. For a simple reason: marketing provides visibility for your products and converts customers.
Having said that, investing in marketing goes beyond just buying marketing tools and hoping for the best. Those tools will only be effective when your marketers have the skills to utilize them effectively.
10 20+ Machine Learning Datasets & Project Ideas
https://www.kdnuggets.com/2020/03/20-machine-learning-datasets-project-ideas.html
To Build a perfect model, you need a large amount of data. But finding the right dataset for your machine learning and data science project is sometimes quite a challenging task. There are many organizations, researchers, and individuals who’ve shared their work, and we will use their datasets to build our project.
So in this article, we are going to discuss 20+ Machine learning and Data Science dataset and project ideas that you can use for practicing and upgrading your skills.
11 The Most Useful Machine Learning Tools of 2020
https://www.kdnuggets.com/2020/03/most-useful-machine-learning-tools-2020.html
Building good Machine Learning applications is like making Michelin-style dishes. Having a well organized and managed kitchen is critical, but there are too many options to choose from. In this article, I will highlight the tools I found useful in delivering professional projects, share a few thoughts and alternatives, and do a quick real-time survey (you can see what the community thinks after you participate).
12 Everything you need to know about ERP implementation
https://datafloq.com/read/everything-need-know-erp-implementation/7954
In a world going increasingly digital, the enterprises have to grapple with a lot of challenges. These include a dynamically-changing market, rapid delivery of products and services, proliferation of devices and other digital elements, presence of multiple branches, need to grant remote access to resources for the employees and various stakeholders, and others. To address these challenges and run the organization seamlessly and profitably, enterprises are adopting ERP software.
13 Data Analytics Projects Only Benefit Marketers When Properly Applied
https://www.targetmarketingmag.com/post/data-analytics-projects-benefit-marketers-when-applied/
I recently read a report that only about 20% of all analytics projects work turns out to be beneficial to businesses. Such waste. Nonetheless, is that solely the fault of data scientists? After all, even effective medicine renders useless if the patient refuses to take it.
14 Half of Gen Z, millennials ‘don’t know how they’d get through life’ without video
https://www.mobilemarketer.com/news/half-of-gen-z-millennials-dont-know-how-theyd-get-through-life-without/573885/
The top reason people watch YouTube is to relax and unwind, but viewers also seek out programming that teaches them something new or lets them dig deeper into their personal interests, Google found in a survey that was shared with Mobile Marketer. Viewers place higher value on the information they get from videos than on its production value or celebrity involvement.
15 What Is Great Content? The 6 Standards of Content Greatness
https://www.searchenginejournal.com/what-makes-content-great/346990/
Video marketing continues to be a huge thing in 2020, for obvious reasons.
There’s nothing quite as eye-catching as a high-quality video, and marketers can reap many benefits by repurposing video content across multiple platforms.
In fact, it’s expected that 82% of all consumer internet traffic will be videos by 2021.
16 How the UN is Exploiting Blockchain Technology?
https://datafloq.com/read/how-un-exploiting-blockchain-technology/7952
The UN is now looking to incorporate blockchain in its humanitarian efforts that have always had a global impact in terms of upkeeping of world peace. United Nations, in particular, is seeking to implement the disruptive technology across a range of its peacekeeping works that comprise fighting climate change, distributing funds among Syrian refugees deploying blockchain-based iris scans, among many other similar deeds.
17 The Role of AI in the Race for a Coronavirus Vaccine
https://www.informationweek.com/big-data/ai-machine-learning/the-role-of-ai-in-the-race-for-a-coronavirus-vaccine/a/d-id/1337278
There are hundreds of startup companies who have deployed AI tools over the last several years to speed drug discovery. Yet, only one drug developed using AI has reached clinical trial with humans, and this only recently, to treat patients with obsessive-compulsive disorder. In this instance, AI was able to complete in 12 months what often takes years — reaching human trials, not public use. Once a company has a promising compound, the clinical trial process starts. There are four phases in the US, and new medications have to complete each phase successfully to win FDA approval. Conceivably the phases could be fast-tracked for a promising treatment or vaccine.
18 Python Pandas For Data Discovery in 7 Simple Steps
https://www.kdnuggets.com/2020/03/python-pandas-data-discovery.html
When I first started using Python to analyze data, the first line of code that I wrote was ‘import pandas as pd’. I was very confused about what pandas was and struggled a lot with the code. Many questions were in my mind: Why does everyone apply ‘import pandas as pd’ in their first line on Python? What does pandas do that is so valuable?
19 Even mask-wearers can be ID’d, China facial recognition firm says
https://www.reuters.com/article/us-health-coronavirus-facial-recognition-idUSKBN20W0WL
A Chinese company says it has developed the country’s first facial recognition technology that can identify people when they are wearing a mask, as most are these days because of the coronavirus, and help in the fight against the disease.
20 The 2020 Data Science Dictionary—Key Terms You Need to Know
https://www.datasciencecentral.com/profiles/blogs/top-data-science-skills-for-2020-1
As I discussed early last year, the data science field is a virtual hot-bed of terminology, a confluence of terms from computer science, statistics, mathematics, and software engineering. In addition, the language of data science evolves very quickly. As a journalist and also a data scientist, I probably see the newest terms before many others in the ecosystem.
