Author: dankellem

If every employee hits their goals, will your organization execute its strategy?

Ramblings

“If every employee hits their goals, will your organization execute its strategy?” That was the key question in today’s webinar by Donald Sull from MIT’s Sloan School of Management. It’s an incredible insight, as collectively we’ve all embraced goal-setting in the 100 years or so since General Motors popularized the idea. But does it work? Is there enough transparency corporately to ensure that each contributors goals are in line with the overall strategy, and that […]

R and Python Together

Tools of the Trade

Excited about the recent announcement of https://github.com/rstudio/reticulate, which allows R and Python to be used together, and especially about how that can enable Shiny dashboards to be created with Python. Tutorial at https://rviews.rstudio.com/2018/04/17/reticulated-shiny/

AI in Your Analytics Tool

Analytics & AI / Tools of the Trade

AI is fascinating, but most organizations don’t have the magnitude of data or the skills to effectively leverage it. Watching Qlik’s Qonnections 2018 keynote yesterday opened my eyes to a new application of ai. Qlik claimed that Qonnections was the largest data analytics conference in the world. Not sure about that one, but their existing 45,000 customers is hard to argue. Their CEO make some interesting claims, that 10 of the 10 largest pharma companies […]

AI Is Not Magic

Analytics & AI

One of the highlights of attending the GPU Technology Conference in San Jose back in March was the keynote address by NVIDIA CEO Jensen Huang. Of course, there was the predictable push to sell more hardware, but notwithstanding the technology demonstrations were truly impressive. There was an autonomous car in the parking lot. There was a driver in the conference room. Then, on the big screen, was the driver in the holodeck – the simulated […]

Exchange Networks, Not Markets

Ramblings / Readings

Why is the real world made up of exchange networks rather than markets? In a word: trust. Relationships in an exchange network quickly become stable (we go back again and again to the person who gives us the best deal), and with stability comes trust, i.e., the expectation of a continued valuable relationship. This is different than in a typical market, where a buyer may deal with a different seller every day as prices fluctuate. […]

Next-Gen Business Intelligence for Healthcare and Life Sciences

Analytics & AI / Tools of the Trade

Amazon’s webinar today highlighted several ways that Big Data is being used in the HCLS industry. One of the key insights was the self-realization within one of the featured medical practices that they were “data rich, insight poor.” Having tremendous amounts of data isn’t much value to anyone without the appropriate tools and skills to visualize, interact and explore the data, which of course needs to be coupled with people who are empowered to act […]

The Number One Rule in Day Trading

Readings

Day Trading 101 is a great introduction into the world of financial trading. Trading requires a different mindset—one of getting in and getting out at the right times instead of holding until fundamentals change. Since the goal is so different than investing the rules are different. The book makes it very clear that the number one rule in trading is capital preservation. The book is designed for people without any investing knowledge but is certainly […]

An Attempt to Short Bitcoin

Analytics & AI / cryptocurrency

It makes me cringe when I hear people talk about investing in cryptocurrency. I have been successfully investing for 25+ years. This involves understanding fundamentals, having a general awareness of the economy while committing to a lot of safe principles like asset allocation, dollar cost averaging, long term perspectives and, most importantly, a disciplined selling strategy. In short, I am an investor, not a trader. I view cryptocurrencies as a massive social experiment with the […]

Changing Your Mindset May Be the Key to Success

Readings

Do you have a growth mindset or a fixed mindset? The question didn’t even make sense until I read Mindset: the new psychology of success by Carol S. Dweck, Ph.D. Dweck’s thesis is that internal beliefs about one’s and other’s ability to learn is the key to lifelong success. Do you believe that people are born smart or that high achieving people worked hard to attain their position? Do you believe that with time and […]

Is Missing Talent a Hindrance to Effective AI?

Analytics & AI

Today I joined IBM’s Machine Learning Everywhere: Build Your Ladder to AI webinar to hear about some of the latest trends in adopting Machine Learning into an organization, and of course plugs for several of IBM’s products in that space. Rob Thomas is General Manager of Analytics at IBM. His main topic was that there is a ladder that must be climbed for the effective use of Machine Learning and Artificial Intelligence. Per Rob, the […]