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Analytics 4.0

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Analytics 4.0

  1. 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. 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. 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. 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. 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. 6. BAI, How can data spur innovation? (2017) Analytics 4.0
  7. 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. 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. 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

  • The Fourth Industrial Revolution
  • Jacques Georges et Anne
  • Algorithms are running our lives?
  • Data into collective action

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