MASTERING THE ECONOMICS OF DATA AND ANALYTICS

We had the opportunity to sit down with professor and author Bill Schmarzo, aka the Dean of Big Data. In this conversation we dig into a several key concepts and strategies agribusiness leaders should be thinking about including:

  • Shifting from a data-driven to a value-driven focus in leveraging data and analytics

  • Empowering stakeholders to solve problems and champion the change

  • Using data and AI to optimize business decisions, starting with high-value, high-feasibility use cases

  • Leveraging the data economic multiplier effect and nano economics to transform the economic value curve

  • Avoiding data silos and orphaned analytics through cross-organizational alignment and discipline

  • Emphasizing the importance of cultural transformation in leveraging data and analytics