Big Data Practical Primer: Junk Charts' Kaiser Fung

Big Data Practical Primer: the book

[UPDATED] Big Data Practical Primer is my notes from Kaiser Fung’s presentation at Big Frontier in which he highlighted his new book, Numbers Rule Your World. Big data is a simple word, but its nuances are critical and require a new way of thinking. This presentation did a good job of covering many high-level definitions and issues of big data & analytics and combined those with some practical how-tos that may surprise you. It can be fairly easy to make serious impact, but, as I suggest in Insights, the biggest barrier to big data is one of imagination and the requirement to think creatively about using data correctly to make business decisions that pay off.

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How to Tap the Social Business Double Value Proposition [CDO Guide to Social Business Part2]

How to Tap the Social Business Double Value Proposition outlines an efficient and rigorous process for using social business for digital transformation in two ways: social business itself can drive reputation, preference and profit, and it’s the fastest way to develop requirements for mobile, ecommerce and big data investments.

How to Tap the Social Business Double Value Proposition [CDO Guide to Social Business Part2]

The social business double value proposition works because it discovers, engages and validates the organization’s understanding of stakeholder outcomes. Every organization’s crucial stakeholders have outcomes that they hope to attain by interacting with the organization or using its products or services. Developing deep and broad knowledge of stakeholder outcomes enables the organization to serve and quickly deepen their relationships with their stakeholders—by helping them attain their outcomes by collaborating online; moreover, since it opens fast and inexpensive communication and collaboration channels with them, it can create a continuous innovation process and sustainable advantage over rivals.

The Guide to Social Business Part2 shows how to maximize efficiency by using external and internal analyses to create and execute social business strategy, […]

The Big Omni-Channel Trap: How Retail Risks Overspending, Low Returns

The Omni-channel trap logo[UPDATED] The big omni-channel trap awaits digital executives who make huge technology, process and people investments to create new “experiences” for “connected customers” but neglect social technologies’ ability to engage people emotionally. Few business executives have spent enough quality time in digital social venues to appreciate how personally and deeply people collaborate online; rather, it is normal for CDOs, CMOs and CIOs to primarily think of “digital” as mechanizing technologies like Web transaction systems (ecommerce), mobile and big data. That’s the preconception baits the big omni-channel trap. The Big Omni-Channel Trap is second in CSRA’s retail & omni-channel series, and it will show you how to avoid the trap.

More and more customers and other stakeholders are collaborating online and getting accustomed to being individually treated like people, not demographics of consumers or customers. They like it. People can’t resist places in which they, and others around them, are listened to and responded to meaningfully. People respond to each other’s emotions. Organizations that don’t appreciate this development will invest heavily and receive lackluster returns, weakening themselves at […]

Mobile Transformation Roadmap [CDO Guide to Mobile Part3]

Chief Digital Office Guide to Transforming with Mobile

The Mobile Competency Center’s mobile transformation roadmap assumes “average” stakeholder (“user”) mobile adoption and enterprise competency, but its premise is that all organizations can use mobile to transform their relationships with stakeholders. This matters because most firms have weak customer relationships, which consist of mass communications, impersonal sales transactions and cost-minimized service processes. Done right, mobile offers visionary Chief Digital Officers a rare chance to increase their relevance to customers—and boost competitiveness.

This roadmap is necessarily a broad guideline because each organization’s optimal path of initiatives and milestones will depend on numerous variables. The sequence and priority of each part of mobile transformation will depend on the mobile adoption of highest priority stakeholders, how the firm wants to connect with them and the firm’s mobile resources and expertise. Knowing these variables will enable the CDO to sequence the roadmap.

Mobile Transformation Roadmap is Part3 of The CDO Guide to Mobile for Digital Transformation.

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How Mobile Transforms Relationships Between Brands and Customers [CDO Guide to Mobile Part2]

Chief Digital Office Guide to Transforming with MobileHow Mobile Transforms Relationships Between Brands and Customers presents underappreciated aspects of mobile user behavior before outlining three approaches for engaging customers and other stakeholders.

As outlined in Ubiquitous Computing Primer, “mobile” is much more than a channel or platform internet-connected devices. By any measure, the Internet’s information and utility are growing exponentially, and mobile devices put the Internet in people’s pockets, so they transform human capabilities and experience.

People plus the Internet have expanded abilities to act and perform. For example, having the optimal assortment of travel apps enables people to avoid many problems and capitalize on opportunities; they miss planes less often, pay less for hotels and suffer less crime. The same holds true for most human endeavors, so people without mobile internet are increasingly at disadvantage. [For more context, see: 1) the “Geoweb” and “Web 3.0.”

How Mobile Transforms Relationships Between Brands and Customers is Part2 of The CDO Guide to Mobile for Digital Transformation.

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Mobile's Ultimate Business Context: Ubiquitous Computing Primer [CDO Guide to Mobile Part1]

Chief Digital Office Guide to Transforming with MobileUbiquitous Computing Primer reveals mobile’s ultimate business context and enables astute digital executives to create a whole new layer of value from their mobile investments. “Mobile” is far more important than launching smartphone and tablet apps because “smart” devices will interact with each other to provide a new level of capability and customer experience. This primer is a very brief treatment of a complex subject, so follow its links to drill down.

In 2013, smartphones and tablets imply that people are interacting with each other and “the Internet,” but “mobile” is becoming a “feature” of all kinds of devices and products in a phenomenon called “ubiquitous computing.”

Ubiquitous Computing Primer is Part1 of The CDO Guide to Mobile for Digital Transformation.

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Chief Digital Officers and Transformation

Chief digital officers and transformationChief digital officers and transformation will go hand in hand as the position and its competencies take shape over the next few years. Historically, commercial, government and nonprofit enterprises, when faced with profound business change or technology disruption, respond by elevating new types of leader to the “C” level. Chief Knowledge Officer, Chief Process Officer, Chief Ecommerce Officer and the like become de rigeur for a few years and fade, either because the new disruption proved less sustainable than anticipated or because the competency became subsumed by a more core function.

I predict that the Chief Digital Officer (CDO) will play a vital role at most organizations through 2020, but the organizational role will be fleeting as a standalone. “Digital” will integrate all functions and be the standard eventually, but organizations require intense transformation to get there, so the CDO will play a crucial role. My ongoing analysis of social business adoption indicates that the market for social business transformation will hit an inflection point by 2017, as more advisors and executives see the power and results of digital […]

Social Business Strategy Use Cases

Social Business Strategy Use Cases[UPDATED] Social business strategy use cases represent scenarios in which most organizations find themselves, and they reflect some of the choices of which CDOs, CMOs and CEOs may use as they plan to evolve their enterprises in order to either improve returns or simply remain relevant in volatile markets.

Social business strategy is inherently transformational to large organizations whether they are in commercial, nonprofit or government sectors. All organizations are hives of people communicating and collaborating to execute business processes (“work”). Digital social technologies have reduced the cost of communication (and therefore much collaboration and work) by an order of magnitude (roughly ten times). Collaboration and innovation, before digital social technologies, were slow and expensive. Now they are very fast and inexpensive—when organizations learn how to use them. Organizations that learn how are more responsive to their constituents and customers, so the market rewards them—and will increasingly punish those that lag too far.

These use cases focus on building enterprise social business internal capability, and they are also helpful to consider when selecting social business advisors. Please […]

Transform the Enterprise [Social Business Team Building]

Transform the Enterprise [Social Business Team Building] case5Transform the Enterprise is almost always initiated by the CEO’s office, the CDO, the board of directors or other strategic body. Its defining characteristic is enterprise transformation, using social business as a key enabler. Some of its common business contexts are: the hiring of a (new) CDO (Chief Digital Officer), which is itself a commitment to use social business for transformation; a merger, major acquisition or sale whose focus is to redefine the enterprise; “pervasive social business” that results when several of the enterprise’s brands have had some social business success that the executive team wants to scale; scaling enterprise 2.0 social collaboration technologies; self-disruption to create a new level of competitiveness.

In 2013, digital marketing and firm executives are thinking about building their internal teams to provide more continuity and scale. Transform the Enterprise also focuses on the right side of the Social Business Life Cycle, specifically on Scale and Integrate. At this point, the enterprise usually has a panoply of social business or social media resources that it wants to knit together into a […]

Herd the Cats [Social Business Team Building]

Herd the Cats [Social Business Team Building] Case4[UPDATED] Herd the Cats is usually initiated by the CMO/CDO (Chief Digital Officer) or other enterprise practice or brand executive who discovers that various business units or brands in the organization have diverse social media presences without much apparent direction or business results. S/He wants to use strategy to provide a keel that resonates with corporate strategy, addressing issues as diverse as corporate citizenship, community, health or policy.

In 2013, digital marketing and firm executives are thinking about building their internal teams to provide more continuity and scale, so the champion often wants to create a social business “center of excellence” to serve several businesses or brands, leveraging enterprise resources to improve social business performance and contributions.

Herd the cats is the fourth of the five-part social business team building series The series describes team building in the context of various scenarios in which firms build social business capability, step by step, while investing wisely. Social Business Strategy Use Cases outlines and compares all five use cases while Social Business Team Building gives general guidance for […]