This book is about innovation, big data, and data science seen from a business perspective. Big data is a buzzword nowadays, and there is a growing necessity within practitioners to understand better the phenomenon, starting from a clear stated definition. This book aims to be a starting reading for executives who want (and need) to keep the pace with the technological breakthrough introduced by new analytical techniques and piles of data. Common myths about big data will be explained, and a series of different strategic approaches will be provided. By browsing the book, it will be possible to learn how to implement a big data strategy and how to use a maturity framework to monitor the progress of the data science team, as well as how to move forward from one stage to the next. Crucial challenges related to big data will be discussed, where some of them are more general - such as ethics, privacy, and ownership while others concern more specific business situations (e.g., initial public offering, growth strategies, etc.). The important matter of selecting the right skills and people for an effective team will be extensively explained, and practical ways to recognize them and understanding their personalities will be provided. Finally, few relevant technological future trends will be acknowledged (i.e., IoT, Artificial intelligence, blockchain, etc.), especially for their close relation with the increasing amount of data and our ability to analyse them faster and more effectively.

Offers a condensed guide: short in length, but rich in notions and content for business people who do not have much time No technical language: completely understandable even for people with no technical background Deals with many different aspects of a big data strategy Created from direct experience in the field, as well as a series of informal interviews and colloquia with high-level executive at major banks and financial European institutions Includes supplementary material: sn.pub/extras

Inhalt

Introduction.- What Data Science Means to the Business.- Key Data Challenges to Strategic Business Decisions.- A Chimera Called Data Scientist: Why they don't Exist (but they will in the Future).- Future Data Trends.- Where are we Going? The Path Toward an Artificial Intelligence.- Conclusions.