I spend a lot of time talking to companies about big data and data science. Many conversations are with people at the CxO level (CEO’s, COO’s, CFO’s, etc etc) and usually revolve around basic discussions of big data and data analytics. One of the things that has surprised me a little from these discussions … Read more
I just read “Digital transformation will shape 2016” over on CIO.com and was a a passage caught my eye. Before I give you the passage, let me put the sentence into context. The CIO article is discussing a recent IDC report titled ‘IDC FutureScape: Worldside CIO Agenda 2016 Predictions.’ This report provides some predictions on what … Read more
In a recent post on O’Reilly Radar titled “Turning big data into actionable insights“, Ben Lorica provides some highlights of an interview with Evangelos Simoudis regarding big data. One of the highlights is extremely important. It relates to the importance of finding actionable insights from big data and sharing those insights in a way that the organization can … Read more
When you read about big data and/or data analytics projects and systems, it is rare that you also read bout communicating the outcome of those projects. Without the ability to communicate the results of any analysis to the broader business, most big data / analytics projects are doomed to mediocrity…or even failure. The quantitative mind … Read more
I’m currently reading Brett Steenbarger’s “Trading Psychology 2.0: From Best Practices to Best Processes.” I’m a fan of Dr. Steenbarger’s work and bought his new book as soon as it was released. While this book is targeted at traders and investors, there’s a great deal of knowledge that can be gleaned from it that can be … Read more
If you aren’t familiar with the term “normalcy bias”, here’s a quick definition: Normalcy bias is…the phenomenon of disbelieving one’s situation when faced with grave and imminent danger and/or catastrophe. As in overfocusing on the actual phenomenon instead of taking evasive action, a state of paralysis. Another way to think about normalcy bias is the … Read more