Archives for category: Big Data/Analytics

pexels-photo-workerBy Dr. Andrew Chamberlain, Chief Economist, Glassdoor, reports on trends that will shape the job market in 2017. Glassdoor, as stated in the report, “has a unique perspective on the labor market, with access to millions of real-time job listings, salaries and company reviews that helps [them] keep a pulse on what’s happening today in hiring, pay and the broader labor market.” The five trends identified are:

The transformation of HR into “people science” – Thanks to low-cost workforce analytics that provide data “on every stage of the employee life cycle,” companies will use data to make HR more scientific.

Automation will change every job – Even though automation mostly effects routine jobs, white collar jobs are also vulnerable. Ongoing skill building that complements technology is key for job seekers.

Shifting away from flashy benefits packages – “In coming years, we’re likely to see large tech employers re-evaluating their benefits packages, more carefully focusing them on core benefits that offer the biggest bang for the buck in terms of engagement and productivity — rather than splashy headlines about unusual workplace perks.”

Taking action against the gender pay gap – “In 2017 and beyond, we are likely to see more companies taking positive action on the gender pay gap, using HR data to correct problems proactively in their own payrolls.”

Realizing the limits of the “gig economy” – “The fastest growing jobs today are ones that require human creativity, flexibility, judgment, and ‘soft skills’ like personal relationships such as health care professionals, data scientists, sales leaders, strategy consultants, and product managers. Those are exactly the kind of jobs least likely to function well in a ‘gig’ economy platform.”

 

“IBM data scientists break big data into four dimensions: volume, variety, velocity and veracity. This infographic explains and gives examples of each.” (Click on image to make it larger.)

Image Credit: IBM, The Four V's of Big Data

Image Credit: IBM, The Four V’s of Big Data

Marydee Ojala, Editor-in-Chief of Online Searcher, has written one of the best paragraphs of the year (IMHO) in her article entitled Dynamic Disruption (July/August 2015). She writes about how various industries have been disrupted by technology, and information professionals are not immune even though we “have been and still are at the forefront of technology.” Here’s the paragraph (directly quoted).

The cloud is considered by some to be disruptive. I almost laughed out loud when I read, in “The Cloud Is Dead. Long Live the Cloud,” by Stacey Higginbotham in the May 1, 2015, issue of Fortune, that she thinks the cloud replaces “the days when everything we did on a computer started and ended with what was stored on the hard drive.” Information professionals have been doing online research in the cloud since before we had our own personal hard drives. We practically invented the cloud. We just didn’t call it that. We called it online searching. Our online is the current cloud. Oh, and it was, and still is, Big Data, another disruptive concept. 

Last fall Fortune surveyed professors representing the top business schools to find out which books were required reading for their students. These titles are good to know because as stated in the article: “Here are five texts that will help you get up to speed with the next generation of talent.” Read the entire article here, authored by Shalene Gupta.

Stanford – Scaling Up Excellence: Getting to More Without Settling for Less, by Robert Sutton and Huggy Rao

Harvard – Catastrophic Care: Why Everything We Think We Know About Health Care Is Wrong, by David Goldhill

Wharton – On the Edge: The Art of High-Impact Leadership, by Alison Levine

MIT, Insead, Northwestern – Data Science for Business: What You Need to Know About Data Mining and Data-Analytic Thinking, by Foster Provost and Tom Fawcett

Insead, Northwestern – The Risk-Driven Business Model, by Karan Girotra and Serguei Netessine

It’s that time of year again! Various business publications, organizations, companies, and content providers release their annual lists of best business books. It’s interesting to see the books that consistently make many of the lists and one can consider these titles truly “the best of the best.” Here is a compilation of the titles most frequently chosen as “best business book of 2013,” along with the corresponding organizations designating the honor.

Lean In: Women Work, and the Will to Lead, by Sheryl SandbergBookish, The Economist, Financial Times/Goldman Sachs short list, Goodreads finalist (nonfiction), Library Journal, The New York Times (notable nonfiction), Omnivoracious, The Washington Post (notable nonfiction), WealthManagement.com

Hatching Twitter: A True Story of Money, Power, Friendship, and Betrayal, by Nick Bilton Bookish, The Economist, Forbes, Mashable, The Wall Street Journal reader’s choice

The Billionaire’s Apprentice: The Rise of the Indian-American Elite and the Fall of the Galleon Hedge Fund, by Anita RaghavanBookish, Financial Times/Goldman Sachs short list, The New York Times (notable nonfiction), The Washington Post (notable nonfiction) 

The Everything Store: Jeff Bezos and the Age of Amazon, by Brad StoneThe Economist, Financial Times/Goldman Sachs, The Washington Post (notable nonfiction), WealthManagement.com

The Alchemists: Three Central Bankers and a World on Fire, by Neil IrwinBookish, Financial Times/Goldman Sachs short list, The Washington Post (notable nonfiction)

Big Data: A Revolution That Will Transform How We Live, Work, and Think, by Viktor Mayer-Schönberger and Kenneth Cukier InformationWeek, Omnivoracious, strategy+business (Booz) top shelf

Contagious: Why Things Catch On, by Jonah BergerGoodreads finalist (nonfiction), Library Journal, Omnivoracious, Goodreads finalist (nonfiction)

Decisive: How To Make Better Choices in Life and Work, by Chip Heath and Dan Heath Goodreads finalist (nonfiction), The Globe and Mail, InformationWeek,

An Astronaut’s Guide to Life on Earth: What Going to Space Taught Me About Ingenuity, Determination, and Being Prepared for Anything, by Chris HadfieldBookish, Inc (most inspirational

Booz & Company’s publication, strategy+business, comes out with a review of the best business books every year. The Top Shelf, or “best of the best,” from each of the seven categories are:

Strategy
The End of Competitive Advantage: How to Keep Your Strategy Moving as Fast as Your Business, by Rita Gunther McGrath (Harvard Business Review Press, 2013)

Company Stories
Story of My People, by Edoardo Nesi (Other Press, 2013)

Globalization
Rough Diamonds: The Four Traits of Successful Breakout Firms in BRIC Countries, by Seung Ho Park, Nan Zhou, and Gerardo R. Ungson (Jossey-Bass, 2013)

Digitization
Big Data: A Revolution That Will Transform How We Live, Work, and Think, by Viktor Mayer-Schönberger and Kenneth Cukier (Houghton Mifflin Harcourt, 2013)

Marketing
Simple: Conquering the Crisis  of Complexity, by Alan Siegel and Irene  Etzkorn (Twelve, 2013)

Managerial Self-Help
Humble Inquiry: The Gentle Art of Asking Instead of Telling, by Edgar H. Schein (Berrett-Koehler Publishers, 2013)

Leadership
Everybody Ought to Be Rich: The Life and Times of John J. Raskob, Capitalist, by David Farber (Oxford University Press, 2013)

Click here and scroll down for other titles in each category and in-depth write-ups for all titles chosen.

The Association of Independent Information Professionals (AIIP) has announced that WordsAnalytics Inc. is the recipient of the 15th annual AIIP Technology Award. WordsAnalytics provides a textual analytics approach to searching SEC (Securities and Exchange Commission) EDGAR regulatory filings. AIIP member Jan Davis, who nominated the company, explains why this product is deserving of the award. “SEC filings are rich in information that is useful to attorneys, marketers, accountants, and other business professionals…However, because the filings are often thousands of pages in length, the data is often difficult to target. WordsAnalytics’ textual analytics software allows for search and analysis capabilities that other EDGAR databases don’t provide.”