Category: Big Data

“Unreally” engaging online learning

Posted by MIT Sloan Executive Education - 1 month and 20 days ago

Imagine, if you will, that you are sitting in a conference room in Kendall Square on Friday, October 26, 2012. Hurricane Sandy has swept through the Caribbean, ravaged the east coast of the U.S., and is barreling towards New England. Domestic and international flights are being cancelled by the thousands.

On Tuesday morning of that week, MIT Sloan Executive Education is expecting over a hundred executives to attend a hot new program on managing in the era of big data. If you cancel, which surely you must, you will not be able to reschedule this for many more months.

This is the scenario Dr. Peter Hirst, Executive Director of Executive Education, MIT Sloan School of Management presented to attendees of the MIT Technology Review Digital Summit. The Summit, which took place in mid-June 2014, examined tomorrow’s digital technologies and explained their global impact on both business and society.


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The big data skill set

Posted by MIT Sloan Executive Education - 2 months and 30 days ago

A while ago, Professor Tom Davenport, Fellow with the MIT Center for Digital Business, proclaimed that “data scientist” would be the “sexiest” job in the 21st century. This topic was discussed at The 2014 MIT Sloan CIO Symposium, both during the session moderated by Davenport, “Big Data, Analytics and Insights,” and at one of the Big Data “Birds of a Feather” luncheon tables.

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Will big data go away?

Posted by MIT Sloan Executive Education - 3 months and 13 days ago

That was just one of the many questions debated during the “Big Data, Analytics and Insights” session at this year’s MIT Sloan CIO Symposium, held in late May 2014. The panel was moderated by Professor Tom Davenport, Fellow with the MIT Center for Digital Business, and included Barry Morris, Founder & CEO of NuoDB; Darrell Fernandes, CIO of the Professional Services Group at Fidelity Investments; Don Taylor, CTO of Benefitfocus; and Puneet Batra, Founder of LevelTrigger.

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Information diffusion: planned not random

Posted by MIT Sloan Executive Education - 4 months and 12 days ago

Thanks to the data revolution—big data coming at light speed from internal and external sources—we have moved beyond the Internet era into the information era, and according to experts, the data revolution is going to make the Internet revolution look like a movie trailer to the main attraction.

But what does this mean for the future of business? How will the information era change business organizations? According to Erik Brynjolfsson, Professor of Information Technology at MIT Sloan School of Management, organizations that can diffuse the outside and internal communication streams into crucial information delivered to key employees will be the most productive and the most profitable.

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Big data shouldn’t mean business as usual

Posted by MIT Sloan Executive Education - 4 months and 20 days ago

The big data gold rush has become a stampede. Technology vendors are racing to bring big data solutions to the market, and companies with a never-ending flow of data are looking to big data to make better sense of their business—and to generate better value as a result.

The challenge is that amidst all this hype, the true value of leveraging big data may be lost as companies continue to operate as “business as usual.” As Tom Davenport, Fellow with the MIT Center for Digital Business, shared in a Booz & Company article, “A lot of [companies] aren’t really thinking differently about what to do with Big Data. Instead, they’re simply asking, ‘How can we use these technologies to save money?’”

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Pitch perfect: Using human signals to convince and persuade

Posted by MIT Sloan Executive Education - 5 months and 3 days ago

The art of the business plan pitch could fill volumes of b-school literature. But what if the real secret sauce had less to do with content and everything to do with delivery?

Alex ‘Sandy’ Pentland, Director of MIT’s Human Dynamics Laboratory and the MIT Media Lab Entrepreneurship Program, has conducted research around the power of unconscious forms of communication. The tools have revealed subtle patterns in how people interact, enabling Pentland and his colleagues to predict outcomes of situations ranging from job interviews to first dates to pitches for funding.

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Big data and sports: Are we all just becoming points of data?

Posted by MIT Sloan Executive Education - 10 months and 10 days ago

While seemingly new, analytics have been used in sports for decades. After all, what was then-called Rotisserie League baseball (now Fantasy League) was all about picking baseball players based on their statistics. The most famous use of data and analytics in sports is arguably the popular book and movie, Moneyball: The Art of Winning an Unfair Game, the true story of how Billy Beane, the general manager of the Oakland Athletics, used analytics to build a successful baseball team. Today, Big Data is the latest extension of how (and why) sports organizations are using information to make better business decisions. As Dave Feinlab of Forbes writes in “Big Sports: Powered by Big Data,” “Big Sports is Big Business, and Big Business nowadays means Big Data…” Big Data in sports is not really about player performance, but about arena management, fan interests, and ultimately, revenue.

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