Analytics

You can do better McKinsey

Dear McKinsey, you can do better than this.02 When I saw the article from McKinsey ‘Straight Talk About Big Data’, http://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/straight-talk-about-big-data I got excited. McKinsey produces quality content and it positions itself as a thought leader. Not this time. This article is full of truisms, clichés and at worst competing or not fully baked ideas. Let’s begin from the end. ‘ … Science-fiction writer Arthur C. Clarke once said that “any sufficiently advanced technology is indistinguishable from magic.” We haven’t…

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What do real estate and dating have in common?

As mentioned in the previous post, last week I attended the Data Leadership Summit – http://www.datasummit.ca in Vancouver. It brought together a diverse audience to see speakers from different industries with different perspectives and experiences. In my opinion, there were two presentations which were particularly compelling. One was from real estate brokerage Redfin, the other from the online dating service Plentyoffish. I found it interesting that both shared many common themes. For instance, the level of exaggeration when one describing…

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The search – can we find the truth?

Mathias Dopfner, the CEO of Axel Springer, raised the issue about the uneasy relationship between Google and publishing companies. Axel Springer, a German media powerhouse, publishes over 200 newspapers and magazines; and derives 62% of their profits from their digital business. As you can imagine, Axel Springer depends heavily on the traffic supplied by search engines, most notably Google. Mathias (quite rightly) points out that the search results and ads serving algorithms are not transparent; and anyone with a business…

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