Opportunities for you, your company and your world
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The document discusses various opportunities and challenges related to data, technology, and innovation, highlighting significant financial and operational implications, such as inefficiencies in corporate data management and healthcare. It also emphasizes the importance of ethical considerations, the relationship between technology and the liberal arts, and the necessity for a data-savvy workforce to navigate future changes. The overall tone suggests a critical viewpoint toward the impact of innovations and a call for purposeful leadership and analysis in a rapidly evolving landscape.
Opportunities for you, your company and your world
- 1. OPPORTUNITIES FOR YOU, YOUR COMPANY AND THE WORLD Tim Suther (BA, 1982)
- 2. OPPORTUNITIES, CHALLENGES, AND A WAY FORWARD TODAY’S AGENDA
- 3. THE PAST, THE PRESENT, AND THE FUTURE WALKED INTO A BAR. IT WAS TENSE.
- 4. 1 2 3 4 MULTIPLE SIMULTANEOUS INNOVATIONS PERVASIVE & DISRUPTIVE TRANSITIONS A HIGHLY ABRIDGED HISTORY OF THE WORLD
- 5. #LCBigData15 | @LorasAnalytics ACCELERATING TECHNOLOGY ADOPTION
- 6. #LCBigData15 | @LorasAnalytics DECLINING COMPANY LIFESPANS
- 8. $ 15 TRILLION WORLDWIDE SYSTEMS INEFFICIENCIES $ 8 TRILLION CORPORATE HOLDINGS OF DATA & INTANGIBLES $ 3 TRILLION OPEN DATA POTENTIAL $1.2 TRILLION WASTEFUL HEALTHCARE SPENDING
- 9. #LCBigData15 | @LorasAnalytics $90 BILLION REDUCED OIL/GAS CAPEX $66 BILLION FUEL SAVINGS FOR POWER PLANTS $63 BILLION HEALTHCARE EFFICIENCY $30 BILLION AVIATION FUEL SAVINGS $27 BILLION RAIL OPERATING COST SAVINGS 1% INCREASED PRODUCTIVITY YIELDS:
- 11. HALF THE MONEY I SPEND ON ADVERTISING IS WASTED THE TROUBLE IS, I DON'T KNOW WHICH HALF. “ ”
- 12. #LCBigData15 | @LorasAnalytics SOCIAL MEDIA EXPLAINED I’M DRINKING COFFEE I LIKE COFFEE THIS IS WHERE I DRINK COFFEE THIS IS A VINTAGE PHOTO OF MY COFFEE HERE I AM DRINKING COFFEE HERE IS A COFFEE RECIPE NOW LISTENING TO “COFFEE” MY COFFEE IS BEING SILLY I’M HANGING OUT WITH MY COFFEE THIS IS MY COFFEE APPRECIATION POST
- 13. REDUCE SERIOUS CRIME BY 30%
- 14. YOUNG MALE DRIVERS REDUCE RISKY BEHAVIOR BY 78% WHEN THEY KNOW THEIR DRIVING BEHAVIOR IS BEING TRACKED
- 18. 125,000/YEAR DIE FROM FAILING TO TAKE PRESCRIBED MEDICATION 40,000/YEAR DIE FROM MISDIAGNOSIS 3.5 MILLION/YEAR READMITTED DUE TO IMPROPER MEDICATION
- 20. 2.4 MILLION FACEBOOK VIDEOS OVER $100 MILLION DOLLARS RAISED
- 21. BE YOU…WITH YOUR FLAWS 40-60 CHARACTER MESSAGES WORK BEST BOILERPLATE IS 75% AS EFFECTIVE DO YOU LIKE SCARY MOVIES? HAVE YOU EVER TRAVELED ALONE TO ANOTHER COUNTRY? DATACLYSM.ORG/RELATIONSHIPTEST
- 23. 85 PRIVATE COMPANIES EACH WORTH $1B+ COMBINED MARKET VALUE OF $285 BILLION
- 25. THERE WILL BE NON-BELIEVERS
- 26. “Visionaries see a future of telecommuting workers, interactive libraries and multimedia classrooms. They speak of electronic town hall meetings and virtual communities. Commerce and business will shift from offices and malls to networks and modems. And the freedom of digital networks will make government more democratic. Baloney. …Nicholas Negroponte, director of the MIT Media Lab predicts we’ll soon buy books and newspapers straight over the Internet. Uh, sure.”
- 27. “Dear Mr. Warhol, I regret I must report to you that the Committee decided, after careful consideration, to not accept it for our collection. PS…the drawing may be picked up from the Museum at your convenience”
- 28. We don’t like their sound… and guitar music is on its way out
- 29. OPPORTUNITY IS A MATTER OF PERSPECTIVE
- 30. CHALLENGES
- 31. POOR DATA QUALITY COSTS $3 trillion/yr.
- 32. IS THE LAMP POST USED FOR ILLUMINATION OR SUPPORT?
- 33. BEWARE CORRELATION V. CAUSATION
- 35. I T THE “I” MATTERS MORE THAN THE “T”
- 36. 11% 27% 15%23% THINK HTML IS A STD THINK SOFTWARE IS COMFORTABLE CLOTHING THINK MP3 IS A STAR WARS ROBOT THERE IS A CRITICAL SHORTAGE OF ANALYSTS & DATA-SAVVY MANAGERS THINK GIGABYTE IS AN INSECT COMMONLY FOUND IN SOUTH AMERICA
- 43. FIRE CAN WARM OR BURN YOU
- 44. SCIENCE CAN TELL YOU HOW TO CLONE A T.REX HUMANITIES CAN TELL YOU WHY THIS MIGHT BE A BAD IDEA
- 45. WHETHER YOU CAN. WHETHER YOU SHOULD.
- 46. “TECHNOLOGY ALONE IS NOT ENOUGH. IT’S TECHNOLOGY MARRIED WITH THE LIBERAL ARTS, MARRIED WITH THE HUMANITIES, THAT YIELDS US THE RESULTS THAT MAKE OUR HEARTS SING.”
- 48. #LCBigData15 | @LorasAnalytics Data Management Analytics Narrative & context Core in all decision making ANALYTIC MATURITY MODEL
- 49. #LCBigData15 | @LorasAnalytics ETHICAL MATURITY MODEL Legal Social Norms Compliant Engenders customer trust Positive community engagement Ethical leadership
- 50. #LCBigData15 | @LorasAnalytics Purpose-Driven High Performance High Purpose Lost & Lagging Data-Driven Analytics Maturity (can you) EthicalMaturity(shouldyou)
- 51. CHANGE IS HARD AT THE BEGINNING MESSY IN THE MIDDLE GORGEOUS AT THE END
- 54. #LCBigData15 | @LorasAnalytics 37% 28% 68% 88% 68% 86% Safe to eat genetically modified food Safe to eat food grown with pesticides Childhood vaccines such as MMR should be required Biomedical Sciences AAAS Scientists US Adults 50% 59% 45% 87% 82% 65% Climate change is mostly due to human activity Growing world population will be a major problem Favor building more nuclear power plants Climate & energy AAAS Scientists US Adults A DIFFERENCE OF OPINION
- 56. BE THE CHANGE YOU WISH TO SEE IN THE WORLD
- 58. 47% OF JOBS AT HIGH RISK OF BEING AUTOMATED AWAY OVER THE NEXT 20 YEARS
- 59. Everything in the world is normal when you’re born Inventions before 30 are incredibly exciting. With luck you can make a career out of them Inventions after 30 are against the natural order of things and the beginning of the end of civilization as we know it …until they’ve been around for about ten years when they gradually turn out to be alright really
- 60. WRITING CREATES FORGETFULNESS IN LEARNERS SOULS, BECAUSE THEY WOULD NOT USE THEIR MEMORIES PLATO
- 61. THE TELEPHONE WILL BREAK UP HOME LIFE AND THE PRACTICE OF VISITING FRIENDS KNIGHTS OF COLUMBUS, 1926
- 62. THE GENERAL EFFECT OF THE AUTOMOBILE IS TO MAKE THE PRESENT GENERATION LOOK LIGHTLY AT THE MORAL CODE AND DECREASE THE VALUE OF THE HOME HOWARD MCCLENAHAN, DEAN AT PRINCETON, 1925
- 63. PHONOGRAPHS WILL CREATE A MARKED DETERIORATION IN AMERICAN MUSIC JOHN PHILIP SOUSA, 1906
- 65. CONTROL YOUR DESTINY: MATH ALONE WILL BE OFFSHORED/AUTOMATED YOUR LEARNING JOURNEY IS MORE IMPORTANT THAN YOUR IQ OR TITLE DON’T STOP BELIEVING. REDEFINE FAILURE
- 66. #LCBigData15 | @LorasAnalytics Loras College Business Analytics Center Jennifer Aaker, The Dragonfly Effect Nate Silver – The Signal and the Noise. Fivethirtyeight.com Robert Cialdini - Influence Gary Loveman – Diamonds in the data mine Stratechery.com Viktor Mayer-Schonberger and Kenneth Cukrer – Big Data: a revolution that will transform how we live, work and think Edward Tufte Rick Smolan and Jennifer Erwitt – The human face of big data David McCandless Eric Siegel and Tom Davenport – Predictive Analytics A16z podcast McKinsey – Big data, analytics and the future of marketing & sales Exponent podcast Fred Wilson, AVC blog IAPP Newsletter RESOURCES
- 67. 67 WHEN I WENT TO SCHOOL, THEY ASKED ME WHAT I WANTED TO BE WHEN I GREW UP. I WROTE DOWN ‘HAPPY’. THEY TOLD ME I DIDN’T UNDERSTAND THE ASSIGNMENT I TOLD THEM THEY DIDN’T UNDERSTAND LIFE. JOHN LENNON
- 68. ART & SCIENCE GUIDE THE WAY PROFOUND OPPORTUNITIES HIGH PERFORMANCE. HIGH PURPOSE.
- 69. THE PAST, THE PRESENT, AND THE FUTURE WALKED INTO A BAR IT WAS NO LONGER TENSE