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Business
Analytics 4.0
http://baieurope.com
BAI, Analytics 4.0: it’s all about taking better decisions (2017)
Dr. Lee SCHLENKER
Lee@baieurope.com
Think of an
example of a really
bad decision….
“We produce more and more data every
moment of every day – and yet is the
quality of our decisions any better today
than 10-30-50 years ago?”
©2016 L. SCHLENKER
BAI, Choices are easy when… (2017)
Analytics 4.0
• More data has been created in the
past two years than in the previous
history of the human race
• « Strategists still confuse
technology with purpose … instead
of garnering context and empathy
to inform change…” - Brian Solis
What is data? →
BAI, Digital Economics (2017)
Analytics 4.0
• The object of management (i.e., the
thing being measured) is not
apparent.
• The the meaning of evaluation is
not analyzed.
• The methods of measurement are
not well employed
©2016 L. SCHLENKER
BAI, Banking on the Facts – what is an expert
opinion worth? (2017)
Analytics 4.0
Analytics 4.0
• Are algorithms running our lives?
• From descriptive to prescriptive analytics
• A wide range of methods for deterministic and
stochastic decision environments
• The best method depends upon the
parameters : cost, precision, the nature of the
data and the problem to be addressed
©2017 Business Analytics Institute
BAI, Analytics is also about solving little problems — like finding a
parking space at the beach…. (2017)
BAI, How can data spur innovation? (2017)
Analytics 4.0
What does a good decision
really mean?
• Analyse the context to understand the
roots of the problem
• Qualify the data at hand
• Choose the right method to solve the
problem
• Transform the data into action
BAI, What would better decisions mean to you? (2017)
©2017 Business Analytics Institute
Analytics 4.0
Pour aller
plus loin
http://baieurope.com
lee@baieurope.com
@DSign4Analytics
Skype : leeschlenker
©2017 Business Analytics Institute
• Digital Economics
• Heuristics
• Machine Learning
• Visual Communications
• Practicums+ in San Sébastien,
St. Jean de Luz, Bayonne and
the Principality of Laàs
BAI, Analytics’ contribution to Well-
Being : Big Data and « Technologies of
the Self (2017)
• Improve Managerial Decision Making
• Full and half modules, Masterclasses,
Workshops and a Summer School
• Applied research
• University Consortium partners
http://baieurope.com
lee@baieurope.com
@DSign4Analytics
Skype : leeschlenker
©2017 Business Analytics Institute
The Business Analytics Institute

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Analytics 4.0

  • 1. Business Analytics 4.0 http://baieurope.com BAI, Analytics 4.0: it’s all about taking better decisions (2017) Dr. Lee SCHLENKER Lee@baieurope.com
  • 2. Think of an example of a really bad decision…. “We produce more and more data every moment of every day – and yet is the quality of our decisions any better today than 10-30-50 years ago?” ©2016 L. SCHLENKER BAI, Choices are easy when… (2017) Analytics 4.0
  • 3. • More data has been created in the past two years than in the previous history of the human race • « Strategists still confuse technology with purpose … instead of garnering context and empathy to inform change…” - Brian Solis What is data? → BAI, Digital Economics (2017) Analytics 4.0
  • 4. • The object of management (i.e., the thing being measured) is not apparent. • The the meaning of evaluation is not analyzed. • The methods of measurement are not well employed ©2016 L. SCHLENKER BAI, Banking on the Facts – what is an expert opinion worth? (2017) Analytics 4.0
  • 5. Analytics 4.0 • Are algorithms running our lives? • From descriptive to prescriptive analytics • A wide range of methods for deterministic and stochastic decision environments • The best method depends upon the parameters : cost, precision, the nature of the data and the problem to be addressed ©2017 Business Analytics Institute BAI, Analytics is also about solving little problems — like finding a parking space at the beach…. (2017)
  • 6. BAI, How can data spur innovation? (2017) Analytics 4.0
  • 7. What does a good decision really mean? • Analyse the context to understand the roots of the problem • Qualify the data at hand • Choose the right method to solve the problem • Transform the data into action BAI, What would better decisions mean to you? (2017) ©2017 Business Analytics Institute Analytics 4.0
  • 8. Pour aller plus loin http://baieurope.com lee@baieurope.com @DSign4Analytics Skype : leeschlenker ©2017 Business Analytics Institute • Digital Economics • Heuristics • Machine Learning • Visual Communications • Practicums+ in San Sébastien, St. Jean de Luz, Bayonne and the Principality of Laàs BAI, Analytics’ contribution to Well- Being : Big Data and « Technologies of the Self (2017)
  • 9. • Improve Managerial Decision Making • Full and half modules, Masterclasses, Workshops and a Summer School • Applied research • University Consortium partners http://baieurope.com lee@baieurope.com @DSign4Analytics Skype : leeschlenker ©2017 Business Analytics Institute The Business Analytics Institute

Editor's Notes

  1. The Fourth Industrial Revolution
  2. Jacques Georges et Anne
  3. Algorithms are running our lives?
  4. Data into collective action