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INFORMATION, Competitive avantage in individual IT, IT's effect on…
INFORMATION
Human Obsession With Prediction
Good Prediction Need:
a) Sound Data
data (raws facts)
b) Sound Reasoning (models)
a business apps transform data into information and then to be a knowledge
Arrivals of "Big" Data With Opportunities
Discovering What Causes What
correlation is statistics
Generating Foresight
cheap computing horse power speeding information
Three Lenses For IT Strategy
Five Forces Model (
telescope
)
Value Chain (
magnifying glass
)
Competitive Litmus Test (
microscope
)
Competitive Landscape
wheter a particular IT asset can create a sustainable competitive advantage
how it can alter how the firms create value vis-a-vis their archivals
how it is affecting the industry
Competitive avantage in individual IT
IT's effect on industry
Firm vis-a-vis archivals
Human's unwavering obsession with predition and always obsessed over predicting the future.
information (sorted, condensed and contextualizes data)
insight (actionable information)
Data points being replaced by ephemeral big data streams