Friday, July 31, 2020
Business Intelligence and Analytics 75
1 Covid-19 has shaken global economy but other white swan threats remain
https://www.theguardian.com/business/2020/jul/30/covid-19-has-shaken-global-economy-but-other-white-swan-threats-remain
In February, I warned that any number of foreseeable crises – “white swans” – could trigger a massive global disturbance this year. I noted: “… the US and Iran have already had a military confrontation that will likely soon escalate; China is in the grip of a viral outbreak that could become a global pandemic; cyberwarfare is ongoing; major holders of US treasuries are pursuing diversification strategies; the Democratic presidential primary is exposing rifts in the opposition to Donald Trump and already casting doubt on vote-counting processes; rivalries between the US and four revisionist powers are escalating; and the real-world costs of climate change and other environmental trends are mounting.”
2 Buckle up! It’s time to future-proof your skill set for the decade ahead
https://www.mckinsey.com/business-functions/mckinsey-accelerate/our-insights/accelerate-blog/buckle-up-its-time-to-future-proof-your-skill-set-for-the-decade-ahead
June 24, 2020If there was ever a time to discard your comfort zone and embrace adaptability, it’s now. Whatever your position and industry, chances are the “critical skills” required for your role have shifted in the past few years, and will continue to do so.
Working remotely and serving customers in new and digitally enhanced ways are just the beginning: the next 10 years will see fundamental changes to our working world, and employees will need to acquire new skills to remain successful. 2020’s COVID-19 crisis has only accelerated this trend.
3 Why capabilities are key in the post-pandemic era
https://www.mckinsey.com/business-functions/mckinsey-accelerate/our-insights/to-lead-in-the-postcrisis-tomorrow-put-leadership-and-capabilities-in-place-today
One silver lining of the COVID-19 crisis has been to show businesses how to manage better and achieve greater speed, quality, and cost control. A wartime mindset—defined by decisive crisis management, scenario planning, and a human reflex attuned to the economic and health shocks affecting employees—has been the hallmark of leaders in the crisis so far. Now, as the world feels its way toward recovery and the new opportunities of the next normal, another risk looms. It is that inertia will set in, along with a longing for a return to the operating style of the days before COVID-19.
4 The Age of Accelerating Strategy Breakthroughs
https://sloanreview.mit.edu/article/the-age-of-accelerating-strategy-breakthroughs/
Several months into a global pandemic, leading organizations are redefining expectations of what is possible. Consider how offices around the world shifted virtually overnight to digitally enabled remote work. Grocery retailers and restaurants rolled out new pickup and delivery services. Hospitals rapidly expanded telehealth options. Automakers, apparel makers, and mobile phone assemblers retooled on the fly and are now rushing out personal protective equipment and ventilators.
5 The ABCs of Data Science Algorithms
https://www.informationweek.com/big-data/the-abcs-of-data-science-algorithms/a/d-id/1338418
Data science algorithms are never a one-size-fits-all solution. Do you know what makes sense for your business?
Today, big and small companies around the world are racing to adopt the latest tools in artificial intelligence and machine learning. While data is often positioned as the blanket cure for every business malady, those who work in the field understand all too well that data science algorithms are never a one-size-fits-all solution.
6 Data, Not Digitalization, Transforms the Post-Pandemic Supply Chain
https://sloanreview.mit.edu/article/data-not-digitalization-transforms-the-post-pandemic-supply-chain/
That COVID-19 dramatically accelerated digital transformations worldwide has become C-level consensus and a truism. As Microsoft CEO Satya Nadella publicly observed, “We’ve seen two years’ worth of digital transformation in two months. From remote teamwork and learning to sales and customer service, to critical cloud infrastructure and security.”
7 Digital twins: The next innovation for supply chains
https://www.offshore-technology.com/comment/digital-twins-supply-chains/
A digital twin is a computer programme composed of real-world data about a physical object or system that can be used to model real-world behaviour. Internet of things (IoT) sensors on a real object gather data, such as telemetry, weather, temperature, humidity, motion and other factors, and feed that through to the programme, which can then render that information into a useful format.
This information can then be used to simulate different, alternative routes to market, different packaging tolerances and different environments. Digital twins provide an unprecedented level of granularity and transparency to the supply chain, providing a company with greater cost savings through true optimisation between production and the consumer, even providing clues about what a company should do next.
8 Five Eyes alliance could expand in scope to counteract China
https://www.theguardian.com/uk-news/2020/jul/29/five-eyes-alliance-could-expand-in-scope-to-counteract-china
The Five Eyes intelligence alliance could be expanded to include Japan and broadened into a strategic economic relationship that pools key strategic reserves such as critical minerals and medical supplies, according to centre-right MPs working internationally to decouple the west from China.
The coronavirus crisis has revealed the west’s key strategic dependencies on China, and plans will be announced shortly under Five Eyes auspices for a major increase in production of rare and semi-rare metals from Australia, Canada, and America in order to reduce dependency on Chinese stocks.
9 Why Employee Engagement is the New Content Marketing Strategy
https://marketinginsidergroup.com/employee-activation/why-employee-engagement-is-the-new-content-marketing-strategy/
Quick Takeaways:
Employees can be the source of high-quality content that is also the most effective in connecting with your audience.
Some employees can double up as “influencers” for your brand if you groom them right.
Encourage employees to create content to voice their opinions as well as engage customers.
10 6 Skills to Become a Master Data Scientist
https://datafloq.com/read/6-skills-become-master-data-scientist/8859
Data science has grown by leaps and bounds in the past few years. According to Research & Markets, nearly 90% of business professionals say data and analytics will be a key part of their digital transformation, so it’s not surprising that there is a constant demand for data science professionals across the industry.
Not to mention, the good paycheck, promising growth, and consistently challenges at work make data science career extremely fulfilling. However, what’s challenging, is becoming a data scientist.
11 Traditional vs Deep Learning Algorithms used in BlockChain in Retail Industry
https://www.datasciencecentral.com/profiles/blogs/traditional-vs-deep-learning-algorithms-used-in-blockchain-in-3
This blog highlights different ML algorithms used in blockchain transactions with a special emphasis on bitcoins in retail payments. This blog is structured as follows:
Overview of the role of blockchain in the retail industry.
Different traditional (SecureSVM, Bagging, BoostingClustering) vs deep learning algorithms (LSTM, CNN, and GAN) used in bitcoin retail payments.
12 Building a Content-Based Book Recommendation Engine
https://www.kdnuggets.com/2020/07/building-content-based-book-recommendation-engine.html
If we plan to buy any new product, we normally ask our friends, research the product features, compare the product with similar products, read the product reviews on the internet and then we make our decision. How convenient if all this process was taken care of automatically and recommend the product efficiently? A recommendation engine or recommender system is the answer to this question.
