The first article I have chosen to review is Keep Up With Your Quants By Thomas H. Davenport. Davenport specializes in analytics and business process innovation. Davenport has published over 100 articles in respected journals such as The Harvard Business Review and MIT Sloan Management review. Davenport has published many books and his opinion within the data analysis sector is highly regarded.
Keep Up With Your Quants looks at how we live in an era of big data. Davenport suggests that as the data becomes bigger also will the analysis of the data provided. At the start of the article the author suggest that people whom come from a high-end management background will find quants easy to read and digest. Recognizing that we live in an era where big data prevails and when analytics are a source of competitive advantage, he suggests that companies need general managers who can partner effectively with “quants” to ensure that their work really does result in better strategic and tactical decisions. That’s right, we ourselves may be totally innumerate but it’s time we showed our true tal...
Data Analytics has significantly grown in less than two years, this quick growth has caused the company to evaluate the IT environment and its ability to support the growth and secure the data of the company. The CEO is expecting the company to grow 60% over the next two years; with the success of the company it has been determined that a change to the current IT environment and infrastructure must occur to better support the employees and the customer base.
“… if you don’t measure something, you can’t manage it. And if we’re failing to measure how well we’re doing with our most important assets we’re probably not managing them very well,” (Kaplan, 2011, 1:48).
In the article by Steffens and Rennie, it states that, “For the spouse of the sexual addict, the disclosure of the existence of a sexual addiction and/or related sexual behaviors is described in existing literature as a crisis and a traumatic event.” This is pretty much the main idea of this article, is addressing the needs of the spouse that has been affected by their partner looking at pornography. This is something that I think people should look into more when they are getting married because I feel like a lot of people don’t really or fully understand the impact of their actions. The fact of the matter is, is that something like this causes an actual crisis in the mind of that person’s spouse. A lot of times we focus so much on the person
Sallam, Rita L; Tapadinhas, Joao; Parenteau, Josh; Yuen, Daniel;Hostman, Bill (2014, February 20). Magic quadrant for business intelligence and analytics platforms. Retrieved from http://www.gartner.com/technology/reprints.do?id=1-1QLGACN&ct=140210&st=sb
Big Data is changing the arena for big businesses. Big Data is the technology trend that has made it possible for businesses to better understand their markets. Big Data is the new natural resource, the new “oil.”
Big Data has gained massive importance in IT and Business today. A report recently published state that use of big data by a retailer could increase its operating margin by more than 60 percent and it also states that US health care sector could make more than $300 billion profit with the use of big data. There are many other sectors that could profit largely by proper analysis and usage of big data.
Value. Value is what matters to a person i.e. how valuable big data is to one.
Davenport, Thomas H., Paul Barth, and Randy Bean. "How Big Data Is Different." MIT Sloan Management Review. N.p., 30 July 2012. Web. 18 Mar. 2014. .
McKinsey Global Institute, Big data: The next frontier for innovation, competition, and productivity. June 2011.
For the past couple of decades the majority of businesses have wanted to construct a data-driven organization or company. Furthermore, companies around the world are considering harnessing data as a basis of competitive advantage over other companies. As a result, business intelligence and data science use are popular in many organizations today. The increase in adoption of these data systems is in response to the heavy rise in communications abilities the world over. Which, in turn ,has increased the need for data products. Indeed, the Data Scientist profession is emerging to be one of the better-paying professions due to the urgent need of their labor. This paper is going to discuss what business intelligence is all about and explain data science that is usually confused to be similar to business intelligence. I will tackle a brief overview of data scientists and their role in organizations.
I believe the quantitative skills that I practiced and honed from my past experiences could bring me unique perspective for my graduate studies. At Princeton University’s Master in Finance program, I would like to further gain financial knowledge and skills, and ultimately prepare myself for the long-term challenge in my future career of financial analytics.
Companies have transformed technology from a supporting tool into a strategic weapon.”(Davenport, 2006) In business research, technology has become an essential means that many organizations use in their daily operations. According to the article, Analytics is a major technological tool used. It is described as “the extensive use of data, statistical and quantitative analysis, explanatory and predictive models, and fact-based management to drive decisions and actions."(Davenport, 2006) Data is compiled to enhance business practices. When samples are taken, they are used to examine research and understand how to solve problems or why situations are as they are. Furthermore, in this article, Thomas Davenport discusses analytics from a business standpoint. He refers to organizations that have been successful in their usage of data and statistical analysis. In addition, he also discusses how data and statistics can be vital in the efforts to improve the operations of businesses.
The dynamics of our society bring many challenges and opportunities to the business world. Within the last decade, hundreds of jobs have emerged particularly in the technology sector to help keep up with the ever-changing world and to compete on a larger and better scale than the competition. Two key job markets and the basis of this research paper are business intelligence or BI and data mining or DM. These two fields play a very important role in small to large companies and are becoming higher desired sectors within the back offices of the workplace. This paper will explore what the meaning of BI and DM really is, how they are used and what we can expect as workers and learners of the technology and business fields for the future.
Magal, S. R., PhD, & Word, J. (2009). Essentials of Business Processes and Information Systems. Hoboken, NJ: John Wiley & Sons.