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Dean of Big Data

William Schmarzo

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Top Stories by William Schmarzo

I’ve always felt that bringing an economics perspective to our Big Data and digital transformation discussions is more important than a traditional accounting or even information technology (IT) perspective. Heck, I believe that a Chief Data Officer’s background should be more along the lines of economics than IT. Economics brings a forward-looking perspective on creating value (wealth). In fact, economics is defined as “the branch of knowledge concerned with the production, consumption, and transfer (capture) of wealth.” It is this forward-looking perspective on the “production, consumption, and transfer (capture) of wealth” that should drive an organization’s digital transformation initiatives. And as an example of how digital transformation is exploiting economics, we need to look no further than what is happening in the automobile industry. Economics of an Elec... (more)

“Unlearn” to Unleash Your Data Lake | @ThingsExpo #IoT #M2M #DataLake #Analytics

It takes years – sometimes a lifetime – to perfect certain skills in life: hitting a jump shot off the dribble, nailing that double high C on the trumpet, parallel parking a Ford Expedition. Malcolm Gladwell wrote a book, “Outliers,” discussing the amount of work – 10,000 hours – required to perfect a skill (while the exactness of 10,000 hours has come under debate, it is still a useful point that people need to invest considerable time and effort to master a skill). But once we get comfortable with something that we feel that we have mastered, we become reluctant to change. We... (more)

Is a #BigData Conference Like Going to the Dentist? | @CloudExpo #BI #IoT #SmartCities

I recently visited my dentist and found the experience, well, less than satisfactory. I was subjected to 45 minutes of lecturing while strapped into the dentist chair: “You don’t brush enough times a day. You don’t brush long enough. You don’t brush correctly. You aren’t using the right type of toothbrush. You aren’t replacing the brush head soon enough. You aren’t flossing enough. You aren’t flossing correctly. You aren’t using the right type of floss.” Good lord! It’s any wonder that my teeth aren’t just falling out of my head!! No one likes being lectured. It’s not construc... (more)

The Four Laws of #DigitalTransformation | @CloudExpo @Schmarzo #AI #DX #IoT #SmartCities

My discussions with organizations looking to “digitally transform” themselves is yielding some interesting observations. I expect that when these discussions move into the execution phase, we will start to create some “Laws of Digital Transformation” that will guide organizations digital transformation journey. So with that in mind, let me start by proposing these “4 Laws of Digital Transformation”. Law #1: It’s About Business Models, Not Just The Business Digital Transformation is about innovating business models, not just optimizing business processes Organizations are looking ... (more)

Future-Proof Yourself from AI | @CloudExpo #AI #ML #DX #ArtificialIntelligence

It’s all over for us humans. It may not have been “The Matrix”[1], but the machines look like they are finally poised to take our jobs. Machines powered by artificial intelligence and machine learning process data faster, aren’t hindered by stupid human biases, don’t waste time with gossip on social media and don’t demand raises or more days off. While there is a high probability that machine learning and artificial intelligence will play an important role in whatever job you hold in the future, there is one way to "future-proof" your career...embrace the power of design thinkin... (more)