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The health tech revolution will turn all of us into big data wonks

Citation: With the influx of wearable technology such as FitBit, many of us are starting to track of and analyze our data and even compare our data with others. With the ability to aggregate data, some consumers combine their FitBit with a scale to analyze their activity and weight. / #Lifelogging  
. . . . 
Companies like Apple and Samsung are working to simplify how biometrics and other health data are collected, analyzed, and shared. This consumerization of big data will mean as much to individuals in the near future as sales forecasting means to businesses today. / #Consumerisation   #BigData  
. . . . 
With this type of data collection, real time biometrics could be transmitted to doctors. Alerts can go out to doctors that can help save lives, such as an irregular heartbeat that can be a precursor to a heart attack or indicate other serious health issues. A single heart rate measurement isn’t a lot of data, but continuously tracking someone’s heart rate, weight, body fat percentage, body weight, diet, activities, sleep patterns, blood pressure and other metrics can add up over the years. New innovations will allow individuals to compare their health metrics to others in similar demographics, helping them set goals and evaluate how effective exercise and other lifestyle changes have been. / #RealTime   #PredictiveAnalytics   #Benchmarking   #Demographics  
. . . . 
Analytics puts patterns together within data and makes sense of it, providing us actionable information. It can target our needs and give us personalization with higher accuracy. And as mobile devices, wearable devices, and appliances get connected to each other, we will have access to greater insights to improving our health over our lifetime. / #Mobile   #Healthcare  

Posted by +Dan Durrant w/ +David Pidsley 

Cause Analytics is here to help you navigate through Business Intelligence, understand today's challenges and tomorrow's technologies.

www.CauseAnalytics.com

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The Access Pledge : Positive Local Impact in #Procurement
Looks like a smart initiative in the #UK

Citation:
The Access Pledge is an attempt by the BITC (Business in the Community) to get its member organisations to “make their business fair, transparent and open” to the extent that small and medium suppliers are able to compete on a level playing field with larger suppliers. It’s a relatively simple pledge, with little fuss – the only caveat being that it must be signed by the chief executive or equivalent. / #Charities   #Transparency   #PositiveLocalImpact   #Executives  
 
So far a number of organisations have signed up – including the likes of IBM, Veolia, Deloitte, Network Rail, HP, Goldman Sachs and BP, among others. And you can read some of the initiatives underway on the BITC website. [http://www.bitc.org.uk/our-network/members-directory]
. . . . 
One of the attendees has developed a cloud system allowing companies to register interest and post any problems they have experienced working with procurement. Additionally, it’s working on a system that will allow its internal customers to search for relevant solutions and products within its SME supply base. By the end of Q1, it hopes to have more than 700 suppliers on the system. / #Cloud   #Purchasing   #Collaboration   #Benchmarking  
Source: www.procurementleaders.com/blog/my-blog--david-rae/unlock-innovation---take-the-access-pledge
. . . . 
Also see this report: The case for working with small and medium enterprises

[The report] provides an evidence base and business case for large businesses supporting SMEs, including social enterprises, in addition to the ethical, social and economic case more widely reported.

[R]esearch identified six business benefits to companies:

Strengthened supply chain / #SupplyChain  
Engaged employees / #HumanResources  
Enhanced reputation / #PositiveLocalImpact  
Greater innovation and creativity / #DriveInnovation  
Increased financial returns / #GrowIncome  

Source: www.bitc.org.uk/our-resources/report/access-growth-and-innovation-case-working-small-and-medium-enterprises

Posted by +Dan Durrant 

Cause Analytics is here to help you navigate through Business Intelligence, understand today's challenges and tomorrow's technologies.

www.CauseAnalytics.com
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School's EdTech #Purchasing Challenges

Citation:
[gamesandlearning.org] asked one of the authors [of Smart Series Guide to EdTech Procurement], Tom Vander Ark,  CEO of the educational consulting firm Getting Smart, to answer a few questions about what his work and research means for learning game developers and marketers. Along with Daniel Owens, a principal at the nonprofit Learning Accelerator, Tom offered some thoughts about the market games face in schools. / #Education  ( Developers of adaptive learning systems, learning games, and apps should read the entire article to better understand how to help those trying to make smart edtech investments.)
 . . . . 
[S]marter procurement reduces the risk of [Education Technology] not being implemented properly. However, it behaves differently than most other assets procured–t changes quickly, both in terms of offering and price, and vendor information is less developed than in other industries. / #ReduceRisk  
. . . .
A: Bad purchasing is a function of a convoluted school finance system that creates lots of little pots of money with strings attached (e.g., SpEd, T1, ELL, Curriculum). This mess is often convoluted by a lack of clarity in decision making. With many people in charge of programs and projects, it’s often hard to create coherent strategies and integrated IT systems. / #DecisionMaking   #InformationTechnology  

Since 2010, this complicated context has been complicated by the viral teacher adoption of mobile apps and resources which makes many classrooms a complicated tech soup. / #Mobile   #Consumerisation  

This system has led to a fragmented decentralize market of buyers, with little communication about who is buying what and for how much. Higher level coordination among purchasing districts could lead to improved product quality and price. / #Benchmarking   #SaveMoney  
. . . .
Particular problems we see frequently:

- Districts don’t know what they own;
- They issue purchase orders for devices before developing plans;
- There are often several departments/people buying systems, applications, and devices for the same classrooms—and they don’t usually work together;
- They too frequently assume their needs are unique and sponsor customized development; and
- They don’t fully consider training and maintenance costs.

cc +David Pidsley Posted by +Dan Durrant 

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Nurturing a #BigData Ecosystem

Citation:
A successful big data analytics program requires many interacting elements. It requires, of course, data, which has to be integrated from many sources, different types of analysis and skills to generate insights, and active stakeholders who need to collaborate effectively to act on insights generated. In addition, there are assorted technologies involved in the tools, applications, and infrastructure. Because of their interdependencies and constant evolution, an effective approach to introducing, establishing, and nurturing big data analytics capability is to view its participants, components, and environment as an ecosystem. / #Analytics #Collaboration  
. . . . 
The key criterion is the visibility of the value of analytics and the ability to respond to needs across the entire organization. One popular arrangement is the use of the Center of Excellence (CoE) model. The CoE model takes care of common areas such as training, introduction of tools, innovation, and communication among analytics stakeholders. It can also showcase business results to entice different parts of the organization to adopt analytics and encourage reuse of common patterns. / #DriveInnovation #Benchmarking  
. . . . 
Three interacting spheres define the analytics ecosystem:

Core ecosystem: Individuals and technologies assemble the data that is required, analyze the data to generate insights, and determine actions based on these insights to achieve business outcomes.

Extended ecosystem: Individuals, groups, and systems direct the analytics projects, collaborate with the core team, provide raw data, consume the outputs, and act on the insights.

External ecosystem: Customers, business partners, vendors, data providers, and consumers interact with the organization to help deliver the full potential of big data goals.
. . . . 
The core analytics ecosystem also contains the data repository—which may include a traditional enterprise data warehouse (EDW) in addition to big data and Apache Hadoop-style data stores—along with discovery and analysis tools and the required infrastructure. / #DataWarehouse  
. . . . 
Several roles are described that nuture big data ecosystems:  Chief analytics officer , Data scientist and/or analysts, Analytics architect, and Data steward /   #Executives #Analysts  

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Servitization impact study via Aston Business School

In a report from the Aston Business School (#UK) that came out last May, four key findings on the servitisation trend were identified through interviews with 33 key executives from 28 leading organisations.

1. Servitization promises sustained annual business growth of 5-10%. The services model triggers product and process innovations, powered by technology, which results in significant year-on-year growth with both new and existing customers. In time, with maturity, this diversification impacts on business resilience, with revenues from products/services typically split 50/50.
#GrowIncome / #BuildResilience 

2. Customers of Servitization are reducing costs by up to 25-30%. Leading adopters of technology-led services are lowering their own costs while driving business growth in their own services to their customers. Companies that have become customers of Servitization have also been able to improve their financial structure, risk profiles and efficiencies around asset management./
#SaveMoney

3. Servitization can deliver resilience and growth to the UK economy. Using technology to drive new service offerings gives manufacturers a new commercial viability to exploit, and offers significant potential for both the regional and macro-economies. Services are bringing them closer to their customers, building high entry barriers for competitors, and positively impacting environmental sustainability. /
#BuildResilience  #PositiveLocalImpact 

4. Adoption is inhibited by a lack of awareness. The promises of Servitization are fragile, and need to be nurtured while our understanding develops. Businesses and policy-makers must therefore help create a shift in culture, creating the skills; contracting structures; governance; risk management mechanisms and financing systems that will allow companies to deliver services while building their capabilities to innovate technology along the way. /
#Benchmarking #DriveInnovation #Education

Posted by +Dan Durrant 

Cause Analytics is here to help you navigate through Business Intelligence, understand today's challenges and tomorrow's technologies.

www.CauseAnalytics.com

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Legal metrics: A new model for the 21st century
Roger Potter is the Director of Analytics at TyMetrix writes

"In legal services, there are many exogenous dimensions that drive differences in performance, such as demographics, jurisdiction, industry, matter type, availability of resources, economic factors. Many of these factors are outside of the control of the firms and legal departments but need to be controlled for if a reliable and useful comparison is to be made. Deriving the right benchmark groups involves a combination of data analysis and business acumen; it is neither a pure mathematical exercise, nor is it as simple as making selections at a very high level."
. . . .
"[G]eographical differences in the availability of experienced paralegals can have a significant impact on the amount that this role can be utilized and ostensibly on the overall cost. Geography will also have an impact on rates, as will practice area, firm size (which in the short run should be considered exogenous), and general economic factors. These constraints need to be considered and wherever possible, built into the model.

"The mathematical form of the model is:
Minimize: (TCC);
Where: TCC = ƒ(expense + outcome),
Expense = ƒ(process, rates, role utilization);
Subject to: economic factors, geography, practice area, industry served, etc."
. . . .
"Companies that take advantage of advanced analytics of law firm performance will be rewarded with both lower expenses and improved outcomes. Forward looking firms can also utilize advanced analytics to drive a best practice culture into their business and show prospective customers that they are the best choice based on numbers other than rates. Companies and firms that take advantage of these capabilities first will win in the market; they will have superior information to manage their businesses and make data-based decisions, giving them an edge over their competition."

#Legal   #Analytics   #Benchmarking  

Posted by +Dan Durrant 

Cause Analytics is here to help you navigate through Business Intelligence, understand today's challenges and tomorrow's technologies.

www.CauseAnalytics.com

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Big Data in Education: Big Potential or Big Mistake?

This article shares some of the potential and risks of  #BigData  in  #Education . It covers issues of  #Trasparency  to the learner, so that they know how their data is used and by whom. As well as  #Privacy  issues. The biggest benefit is personalised learning environments that give students perspective of where they are at compared to others like them, via  #Benchmarking . Learning Management Systems with  #Embedded   #Analytics  can also enable teachers to engage in more evidence-based  #Collaboration . I like this bit:

"Pearson’s CEO John Fallon presented the notion that 'big data, and the disruptions it can lead to, have led to one of the most creative periods in history in terms of innovation.' Time to harness that in education, he said.

"Speaking later in the day at World Innovation Summit for Education (WISE), Fallon also stressed that Big Data is only as powerful as our willingness to share it with each other.

"'We have to become more willing to share what’s working and not working. In return, all organisations that are trying to tackle big intractable problems in education should be more generous with each others’ ideas and evidence.”'

Posted by +Dan Durrant 

Cause Analytics is here to help you navigate through Business Intelligence, understand today's challenges and tomorrow's technologies.

www.CauseAnalytics.com

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Wisdom Pyramid

Falkayn urges organisations to focus on building the wisdom of their people. He asks, 

The real issue however is how do we inculcate wisdom into our staff so they make wise decisions and not foolish ones?

His representation of the DIKW Pyramid is spot on, although it's example involves a rapid sensory-driven decision. Organisations are up against much more complicated strategic choices.

I would suggest that by sharing different views of information, using  #DataVisualisation   we are better armed at experimenting with potential contextual outcomes, through stories.  #Storytelling  is a way of putting information into context, so by exploring stories organisational players can better prepare themselves to act wisely.

I see DIKW as a way to  #BuildResilience . This could include the aggregation of 'lessons learned' through forms of  #Benchmarking .  People may then have more lenses to see various contexts through, thus more knowledge that can lead to wise wins, rather than harsh lessons.

Ultimately, I argue that organisational  #DecisionMaking  based on more contextual variables of what was previously unknown will result in better strategic outcomes than say, those made alone by an executive with a single interpretation. I see this as good reason to arm supporting analysts with rich forms of  #MarketIntelligence , as well as benchmarking tools. 

More can be said on this. I'd appreciate your thoughts and experience. 

Posted by +Dan Durrant 

Cause Analytics is here to help you navigate through Business Intelligence, understand today's challenges and tomorrow's technologies.

www.CauseAnalytics.com
Wisdom Pyramid

... there is a catch with wisdom as we only call an action wise when knowledge is applied correctly to a situation. Incorrect application is at worst foolish, and at best thoughtless.

Source: http://blog.falkayn.com/2011/03/is-knowledge-all-there-is.html
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Supply Chain Analytics:  How Hard Should You Squeeze? - via Deloitte

Useful tidbits of insight in this pdf about how organisations can improve forecasts, demand planning, sourcing, production and distribution by applying analytics to transactional data.

Analysing benchmarking data can also help organisations identify and overcome gaps. Consider how a retailer could avoid overpaying on materials that a peer is paying less for from the same supplier.

Sanjay Agarwal, Principal, Deloitte Consulting LLP says, 
"Our experience shows that manufacturing companies can realize a margin improvement of 2 to 4 percent by applying more analysis to the data they already have."

There are a few recommendations for how manufacturers can save money using analytics which include parametric pricing, commodities volatility, and better M&A integration. The bit about M&A is mentions that merging companies can integrate their purchasing decisions with analytics that uses "OEM product codes to unmask redundancies so that buyers can rationalize their procurement and save money."

Source: www.deloitte.com/assets/Dcom-UnitedStates/Local%20Assets/Documents/us_consulting_SupplyChainAnalytics_092110.pdf

#Analytics #Purchasing   #SupplyChain    #Benchmarking   #Merger #Manufacturing   #Retail   #DecisionMaking   #PredictiveAnalytics   #MarketIntelligence  

Posted by +Dan Durrant 

Cause Analytics is here to help you navigate through Business Intelligence, understand today's challenges and tomorrow's technologies.

www.CauseAnalytics.com
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LG Inform Plus

see: bit.ly/lginformplus

"LG Inform Plus gives you easy access to up-to-date published data about your local ward and other small areas. Complementing the LGA's benchmarking data service LG Inform, the service gives subscribers the power to drill down from authority wide information to much smaller areas. It provides the detailed performance and locality data needed to help you make the right decisions about your services and places.

"As well as providing readymade ward profiles and the ability to produce your own reports, LG Inform Plus houses a suite of other helpful online applications:
- secure data feed (via an application programmable interface – API)
- records retention guidance
- powers and duties and customer insight tools
- continued access to the legacy tools in the esd-toolkit (effective service delivery) programme." (via LGA newsletter)

#Transparency    #Benchmarking    #LocalGovernment   #UK   #APIs    #CustomerAnalytics  

Posted by +Daniel Durrant w/ +David Pidsley 

Cause Analytics is here to help you navigate through Business Intelligence, understand today's challenges and tomorrow's technologies.

www.CauseAnalytics.com
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