Data analytics can provide enormous benefit to a business that uses it properly, but it can’t do everything and should not be seen as the magic bullet for every business challenge. Although it can inform and influence human insight and judgment, it can’t replace those qualities in the operation of a successful company.
Next to the F-22 fighter plane and the Space Shuttle, a Formula 1 car may well be the most sophisticated piece of high-performance machinery humans make.
These businesses have provided solid evidence that data analytics, combined with careful strategy, can make the seemingly impossible happen.
Going forward, there is no way to protect our privacy. We need to make sure the post-privacy society is still a safe, habitable place.
Global trade is the rising tide that lifts all boats.
It’s become something of an accepted truth. We need a knowledge and awareness of the global marketplace if we are to be successful in business today. Why is that?
It’s hard to ignore the patriotic “us versus them” wave spreading across Western nations, including the US. And it has come on the heels of exponential growth in technologies such as artificial intelligence, or AI, and big data analytics that are making real-time changes in the way the world’s regions do business with one another.
The regulatory framework in which a company must operate is well defined in the United States, but that is not always the case in other countries where US companies do business.
A solid grasp of finance is important for any business leader, but issues can grow more complicated in international business dealings, with multiple factors in play that vary from country to country.
Walt Conn spends a lot of time on airplanes. The 1985 Harbert accounting alumnus is Global Chief Operating Officer—Quality, Risk and Regulatory for KPMG.