Datification
84 views | +0 today
Follow
Your new post is loading...
Your new post is loading...
Rescooped by TIMOTHY W. FOWLER from Datification
Scoop.it!

DATIFICATION!! What's the big deal? And why your business needs it? (PART 1)

DATIFICATION!!  What's the big deal? And why your business needs it? (PART 1) | Datification | Scoop.it
Datification: A Brief History The term “Datification” was popular with the data modeling community in the 80’s but was not understood well in the general community, but since the onset of the internet, social media and the improvement in global...
TIMOTHY W. FOWLER's insight:

Datification is everywhere...

more...
TIMOTHY W. FOWLER's curator insight, September 14, 2013 7:06 AM

Have you heard of #datification ?

Rescooped by TIMOTHY W. FOWLER from Datification
Scoop.it!

Big Data, Datification, Business, metrics, datification, lean data

Big Data, Datification, Business, metrics, datification, lean data | Datification | Scoop.it
datification of business and life business description
TIMOTHY W. FOWLER's insight:

WhatWhat the scoop with datification?

more...
TIMOTHY W. FOWLER's curator insight, September 19, 2013 9:12 AM

Is "datification" a new data revolution?

Scooped by TIMOTHY W. FOWLER
Scoop.it!

Datification as we move forward.

Datification as we move forward. | Datification | Scoop.it
Thanks for the invite to the Datification Group! I like our group profile definition of datification as a “...term to capture how data measures things and organizations in order to compete and win.
TIMOTHY W. FOWLER's insight:

Have you heard of datification?

more...
No comment yet.
Scooped by TIMOTHY W. FOWLER
Scoop.it!

Datification - Wikipedia, the free encyclopedia

The term “Datification” was popular with the data modeling community in the 80’s but was not understood well in the general community, but since the onset of the internet, social media and the improvement in global communication technology, the meaning of “Datification” has had a rebirth. It is a new concept that tracks the conception, development, storage and marketing of all types of data, both for business and life. It has grown in popularity of late to capture how data measures things and organizations in order to compete and win. It is about making business visible.

In a recent YouTube presentation, Datification expert Timo Elliott says, “Datification is about taking a process or activity that was previously invisible and turning it into data. That data can then be tracked, monitored, and optimized, leading to new opportunities — and new challenges. It’s similar in some ways to the notion of “dark data” – data that has been ignored up until now because of technology limitations. Only in this case, it’s more like “dark activities” that are now being pushed into the light.” [1] Datification is truly a revolution - Business data is growing exponentially, at a rate of 50% per year! In this vein Datification should be viewed as a mixed method, qualitative and quantitative, process that involves defining, measuring and analyzing existing “invisible” processes and activities to produce actionable data that can then be tracked, monitored and improved to optimize processes, make better business decisions and inform innovation.

Datification works hand-in-hand with many business management strategies that focus on the analysis and design of processes and workflows within an organization. For example, Datification is closely linked to concepts in “lean manufacturing” which espouses openness in metric reporting. Lean Six Sigma Master Black Belts have been successful in implementing Datification while helping the military in Afghanistan. “Datification has been extremely helpful for the US Army in making the Afghanistan drawdown activities transparent for the coalition, which allows everyone to be on the same page. Datification enables goal attainment.” [2] Where Six Sigma seeks to improve the quality of process outputs by identifying and removing the causes of defects, or errors, and minimizing variability in business processes and manufacturing; the Datification process informs Six Sigma of the relative qualitative and quantitative factors and key process variables that must be defined, measured, analyzed, improved and controlled or verified for Six Sigma performance to be achieved.

TIMOTHY W. FOWLER's insight:

Datification made wiki!

more...
No comment yet.
Scooped by TIMOTHY W. FOWLER
Scoop.it!

Big Data, Datification, Business, metrics, datification, lean data

Big Data, Datification, Business, metrics, datification, lean data | Datification | Scoop.it
datification of business and life business description
TIMOTHY W. FOWLER's insight:

Is "datification" a new data revolution?

more...
TIMOTHY W. FOWLER's curator insight, September 19, 2013 1:22 PM

WhatWhat the scoop with datification?

Scooped by TIMOTHY W. FOWLER
Scoop.it!

DATIFICATION!! What's the big deal? And why your business needs it? (PART 1)

DATIFICATION!!  What's the big deal? And why your business needs it? (PART 1) | Datification | Scoop.it
Datification: A Brief History The term “Datification” was popular with the data modeling community in the 80’s but was not understood well in the general community, but since the onset of the internet, social media and the improvement in global...
TIMOTHY W. FOWLER's insight:

Have you heard of #datification ?

more...
TIMOTHY W. FOWLER's curator insight, September 19, 2013 2:39 PM

Datification is everywhere...