Many organizations are investing billions of dollars in analytics with minimal return — hardly a recipe for success. Oftentimes, this disconnect stems not from faulty data science, but from an organization’s failure to consider the activation-readiness of their approaches to real-world applications of analytics.
According to Gartner, the global analytics and business intelligence software market reached $21.6 billion in 2018 . The firm has also predicted that, "through 2022, only 20% of analytic insights will deliver business outcomes." That means that organizations are investing billions of dollars in analytics with minimal return — hardly a recipe for success.
And here's another article:
Iowa officials accuse couple of running business scams
DAVENPORT, Iowa (AP) — The Iowa attorney general's office wants to close down a telemarketing company that authorities say has been scamming small businesses in Iowa, Nebraska and other states.
Scott County residents Paul and Misty Barnes have been operating PM Specialties and Milestone Consulting, the attorney general's office said in its Scott County court filing, and have been using lies and deception to make unauthorized charges to consumers' credit cards or bank accounts and to force consumers to pay for goods and services they would never receive.
Council Post: Nine 'Taboo' Topics Business Content Shouldn't Shy Away From
Forbes Agency Council share trends and tips">Successful PR, media strategy, creative and advertising executives from Forbes Agency Council share trends and tips
In recent years, there has been an explosion of activism on the internet. Some businesses have opted to stay away from addressing sensitive topics or anything that may be construed as controversial, for fear of alienating their target audiences. While this may be a smart marketing decision, it gives up a chance for the business to establish authority and inject authenticity into its branding.
Monday's business headlines from Jane King - WISH-TV | Indianapolis News | Indiana Weather |
Retailers’ sales: Retailers will reveal more about the holiday-shopping season in the coming week. Several retailers recently detailed steps they’re taking to adapt to the changing world of commerce: Macy’s recently detailed plans to close stores and cut jobs, while L Brands is selling a big stake in Victoria’s Secret.
Speak up: Facebook will pay you for your voice, but don’t expect to get wealthy. The company is paying select people to record phrases to improve its voice recognition tools. It’s asking them record the phrase, “Hey portal, call…” which is its camera-equipped home device, followed by saying the first name of a Facebook friend twice for 10 times. The task takes around five minutes to do. The payment is $5 sent via PayPal.
Not to change the topic here:
Warren Buffett: Apple is likely the 'best business' in the world
Warren Buffett, the legendary investor known for his no-nonsense approach to putting his money into stocks and businesses, has some high praise for what is arguably the most-iconic of all Bay Area companies, Apple.
On Monday, Buffett, the chief executive of Berkshire Hathaway, called Apple “probably the best business I know in the world,” and said the iPhone maker is the third-largest holding in his Berkshire investment portfolio. In an interview on CNBC, Buffett said he “should have appreciated it earlier” and bought stock in Apple years before he began investing in the company.
Farmington business owner wins right to repair historic building with stucco - StarTribune.com
A Farmington business owner has won a monthslong battle with a city commission to use stucco to repair her historic — and brick-faced — building.
The City Council last week unanimously voted to overrule the Farmington Heritage Preservation Commission's (HPC) decision to deny Pam Heikkila the certificate she needed to reface part of the Fletcher Building's crumbling exterior with stucco, which she said would save her tens of thousands of dollars.
"We were not giving enough consideration to the economic impact to her and her business," Council Member Joshua Hoyt said. "This is a major expense for a small business."
'Intentionally set' fire affects small business ahead of busy CIAA week
CHARLOTTE, N.C. (WBTV) - Charlotte Fire Department says a fire that destroyed several businesses inside a strip mall was intentionally set.
It happened late Sunday night on the 6700 block of Independence Boulevard, near Wallace Road. Businesses affected include a car rental company, a spa, and a beauty salon that opened just a few months ago.
"I have put a lot of tears, a lot of work into it, and to see it like this, it just breaks me in pieces," owner of Sarias Studio, Stephanie Arias, said.
Dow tumbles over 1,000 points as coronavirus crisis spirals | Fox Business
U.S. equity markets experienced a sharp selloff on Monday after a surge in the number of coronavirus cases outside of China.
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The Dow Jones Industrial Average plunged by as many as 1,080 points, or 3.7 percent, before trimming its losses while the S&P 500 and Nasdaq fell by as much as 3.5 percent and 4 percent, respectively.
The point drop for the Dow and S&P, now in negative territory for 2020, was the largest since February of 2018. For the Nasdaq it was the steepest point decline since December of 2018.
Happening on Twitter
Too many organizations are doing analytics just for analytics' sake. https://t.co/g40sdEX0tN HarvardBiz (from Boston, MA) Mon Feb 24 15:02:48 +0000 2020
So when asking the question, "would you rather use a model that was evaluated as 90% accurate, or a human that was… https://t.co/sSyD6vq0lM fchollet (from Mountain View, CA) Thu Feb 20 21:59:30 +0000 2020
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