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Numbers are the Language of Business Improvement!

Numbers are the Language of Business Improvement! | Data Science | Scoop.it

Via Daniel Watson
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Daniel Watson's curator insight, December 1, 2013 8:10 PM

 

Far too many small business owners run their business on intuition rather than cold hard facts, and the lack of understanding and limited utilisation of the numbers to be found in their businesses, is a serious impediment to their progress towards achieving any measure of success.

 

The importance of knowing and understanding the numbers cannot be over-estimated, and the reality is that without acces to the key metrics that under-pin a business, proper management becomes almost impossible.

 

This excellent article, stresses the absolute importance of the numbers in managing any business, and it identifies five key types of business measures that business owners should consider applying to their businesses.

Marshall Van Fleet's curator insight, December 2, 2013 1:41 PM

Attention! Local Small Bussiness Owners and Professionals. Do you understant the key metrics that can make or break your business? Here is an article that can help you better manage your business.

Jeff Hoffman's curator insight, December 2, 2013 2:27 PM

The numbers are the numbers and you can't run or hide from them.  Embrace them and they will tell a wonderful story of where you need to lead your company next.  

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Advanced Seismic Warning System - Eric Dollard has method of earthquake prediction needs funds to purchase equipment

Advanced Seismic Warning System - Eric Dollard has method of earthquake prediction needs funds to purchase equipment | Data Science | Scoop.it

An early Warning system for detection of earthquakes up to 48 hours ahead of time which has the potential to save millions of lives.

 

On offer to the world is a working advanced seismic detection system capable of predicting earthquake and their tsunami between 18 hours and even several days ahead of time. It is not theory, it has been done in practice.

 

Right now there is still NO advanced Seismic Warning System available  With a large tsunami event happening every 10 years or so and rising economic costs to disasters mounting close to $trillions there is a need for a project like this. A project with not only the potential to save lives, but save entire economies and livelihoods.

 

Eric Dollard has improved upon the Alexanderson technology and has applied this knowledge to an Advanced Seismic Warning System, which can detect earthquakes of large magnitude as much as 18 to 48 hours ahead of time. 


Via Sepp Hasslberger
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Sepp Hasslberger's curator insight, January 22, 2014 11:19 AM

Eric Dollard has shown earthquakes can be predicted with the right sensitive listening equipment. There is no official effort to predict earthquakes. 

 

Help Eric get the needed equipment together to make this openly available...

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The Mission to Decentralize the Internet - New Yorker (blog)

The Mission to Decentralize the Internet - New Yorker (blog) | Data Science | Scoop.it
New Yorker (blog) The Mission to Decentralize the Internet New Yorker (blog) “On behalf of the future, I ask you of the past to leave us alone,” he writes. ...
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Rescooped by DanielM1960 from Business Improvement
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Numbers are the Language of Business Improvement!

Numbers are the Language of Business Improvement! | Data Science | Scoop.it

Via Daniel Watson
more...
Daniel Watson's curator insight, December 1, 2013 8:10 PM

 

Far too many small business owners run their business on intuition rather than cold hard facts, and the lack of understanding and limited utilisation of the numbers to be found in their businesses, is a serious impediment to their progress towards achieving any measure of success.

 

The importance of knowing and understanding the numbers cannot be over-estimated, and the reality is that without acces to the key metrics that under-pin a business, proper management becomes almost impossible.

 

This excellent article, stresses the absolute importance of the numbers in managing any business, and it identifies five key types of business measures that business owners should consider applying to their businesses.

Marshall Van Fleet's curator insight, December 2, 2013 1:41 PM

Attention! Local Small Bussiness Owners and Professionals. Do you understant the key metrics that can make or break your business? Here is an article that can help you better manage your business.

Jeff Hoffman's curator insight, December 2, 2013 2:27 PM

The numbers are the numbers and you can't run or hide from them.  Embrace them and they will tell a wonderful story of where you need to lead your company next.  

Rescooped by DanielM1960 from Data Nerd's Corner
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Define roles clearly because big data success requires it

Define roles clearly because big data success requires it | Data Science | Scoop.it
For your data science team to function effectively, you must have all roles clearly defined and governed.

Via Carla Gentry CSPO
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Carla Gentry CSPO's curator insight, November 18, 2013 4:23 PM

The biggest problem with under-managing roles on a data science team (or any team for that matter) is how quickly the group dynamic breaks down and takes your productivity with it. Social psychologists have studied this for some time now. The group as a whole has a basic dependency for the all the people in that group to understand what their role is. Until that's reconciled, the group will have a difficult time functioning.

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Data Science and Data Scientists: What’s in a Name?

Data Science and Data Scientists: What’s in a Name? | Data Science | Scoop.it
The similarities and differences between data science, business intelligence and data analysis, which often seem to be confused with (or considered synonymous with) with data science

Via Carla Gentry CSPO
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Carla Gentry CSPO's curator insight, November 12, 2013 8:25 AM

This history of the term data science shows us that it typically referred to a combination of the usage of statistics, computers, and data along with some domain (i.e., business or a specific discipline) knowledge. This leads to what I think works well as a definition of data science (drawing heavily from the mission statement of International Association for Statistical Computing):

Sebastian Klimpel's curator insight, May 17, 2014 9:28 AM

very good separation of Data Analysts, -Scientist and BI. Maybe a target skill organization for the future!

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Job of the week: Data scientist - The Economic Times

Job of the week: Data scientist - The Economic Times | Data Science | Scoop.it
A data scientist builds business models that help firms arrive at strategic decisions. The niche role is both challenging and rewarding.

Via Carla Gentry CSPO
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Carla Gentry CSPO's curator insight, November 19, 2013 12:18 PM

Requires more than EXCEL and developing skills!

This role requires knowledge of the business environment and statistical and analytical tools, besides the ability to predict market movements. Barring the consulting and IT sector, professionals work closely with the top management. - Dhurv Desai, HR head, Angel Broking
Read more at:
http://economictimes.indiatimes.com/articleshow/26007510.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppstThisData science has been identified as a powerful tool to explore new possibilities for business growth and profi tability. With firms deploying datadriven strategies to gain a competitive edge and explore new avenues, demand for data scientists is on the rise.
Read more at:
http://economictimes.indiatimes.com/articleshow/26007510.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppstData science has been identified as a powerful tool to explore new possibilities for business growth and profi tability. With firms deploying datadriven strategies to gain a competitive edge and explore new avenues, demand for data scientists is on the rise.
Read more at:
http://economictimes.indiatimes.com/articleshow/26007510.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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A 'mere Christian'? Assessing CS Lewis after fifty years - ABC Online

A 'mere Christian'? Assessing CS Lewis after fifty years - ABC Online | Data Science | Scoop.it
A 'mere Christian'? Assessing CS Lewis after fifty years
ABC Online
It is unwise to offer predictions. Intellectual historians are good at explaining what happened in the past; they are generally pretty lousy at predicting the future.
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Why Backing Up Data Is Important for Small Businesses

Why Backing Up Data Is Important for Small Businesses | Data Science | Scoop.it

Via TechinBiz, Daniel Watson
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Jeremy Barton's curator insight, December 20, 2013 2:06 AM

Something we all know we should do, but how many of just don't get around to it?

WEDCBiz's curator insight, December 20, 2013 10:44 AM

Backing up data is vital, no matter how small your business.

Jemima Bornman Van Zyl's curator insight, January 2, 2014 12:41 PM

We recommend backing up data for small business owners and new entrepreneurs, because we learnt a very expensive and time consuming lesson. Our website was hacked during 2013 and we lost all content. It resulted in the re-design of a new website collecting new content. While we were busy with this project, we lose valuable new clients because we had no face on the internet web.

 

Back up daily if possible, or every second day or even weekly, but then you have the risk of losing one week's content research. I hope your find this useful and applicable to your specialized small business.  

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Foreign clients fear sensitive data is not safe - The Independent

Foreign clients fear sensitive data is not safe - The Independent | Data Science | Scoop.it
The Independent Foreign clients fear sensitive data is not safe The Independent A survey by the Cloud Security Alliance, an industry standards organisation in the US, predicted the Prism programme could cost cloud computing firms between $35bn and...
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In The Hospital Of The Future, Big Data Is One Of Your Doctors - Co.Exist

In The Hospital Of The Future, Big Data Is One Of Your Doctors - Co.Exist | Data Science | Scoop.it
In The Hospital Of The Future, Big Data Is One Of Your Doctors Co.Exist Bringing on top Silicon Valley talent, one NYC hospital is preparing for a future where it can analyze and predict its patients' health needs--and maybe change our...
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Are “Big Data” Sucking Scientific Talent into Big Business?*** | Cross-Check, Scientific American Blog Network

Are “Big Data” Sucking Scientific Talent into Big Business?*** | Cross-Check, Scientific American Blog Network | Data Science | Scoop.it
Over the last few years, we've heard a lot about how

Via Carla Gentry CSPO
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Carla Gentry CSPO's curator insight, November 11, 2013 9:20 AM

Advances in data-collection, computation and search programs have led to impressive gains in certain realms, notably speech recognition, language-translation and other traditional problems of artificial intelligence. So some of the enthusiasm for Big Data may turn out to be warranted. But in keeping with my crabby, glass-half-empty persona, in this post I’ll suggest that Big Data might be harming science, by luring smart young people away from the pursuit of scientific truth and toward the pursuit of profits.

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How Many Data Scientists Does the World Really Need?

How Many Data Scientists Does the World Really Need? | Data Science | Scoop.it
The buzz is all about 'Big Data' and how best to use it to generate actionable intelligence. To do this, companies will need to hire loads of highly trained, highly paid data scientists -- or will they?

Via Carla Gentry CSPO
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Carla Gentry CSPO's curator insight, November 7, 2013 10:33 PM

"Most companies may not realize that they have to first invest in making sure their data's in a format that can best be analyzed to derive value,"

Rescooped by DanielM1960 from Data Nerd's Corner
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Define roles clearly because big data success requires it

Define roles clearly because big data success requires it | Data Science | Scoop.it
For your data science team to function effectively, you must have all roles clearly defined and governed.

Via Carla Gentry CSPO
more...
Carla Gentry CSPO's curator insight, November 18, 2013 4:23 PM

The biggest problem with under-managing roles on a data science team (or any team for that matter) is how quickly the group dynamic breaks down and takes your productivity with it. Social psychologists have studied this for some time now. The group as a whole has a basic dependency for the all the people in that group to understand what their role is. Until that's reconciled, the group will have a difficult time functioning.

Rescooped by DanielM1960 from Data Nerd's Corner
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A New Look at the Value of Data to Marketers and the Economy

A New Look at the Value of Data to Marketers and the Economy | Data Science | Scoop.it
New research from the Data-Driven Marketing Institute outlines the scope and flow of data through our data-driven economy.

Via Carla Gentry CSPO
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Carla Gentry CSPO's curator insight, November 21, 2013 9:18 AM

The Data Driven Marketing Economy (DDME) added $156 billion in revenue to the U.S. economy and fueled more than 675,000 jobs in 2012 alone. The authors believe this represents about half of all measured media advertising expenditures and direct marketing expenditures in the U.S. in 2012 ($298 billion).