Big Data to Big Profits

Instacart: How ’bout them Carrots?

Instacart recently announced a round of funding that evaluates the firm at some $7 billion. That is amazing for a firm whose drivers are presumably not employees and that holds no real inventory but sells food. It may seem like a naïve question, but what does Instacart do exactly? I know it ... Continue reading Instacart: How ’bout them Carrots?

¡Interesante! Growth Opportunities with US Hispanics

The wave of Spanglish has hit advertisers in recent years. Dos Equis invites its customers to "Keep it Interesante," while taco fans at Taco Bell "Live Más." Home Depot and other retailers have adopted a near bilingual policy in stores. Smart move! Hispanic culture is alive an well in the ... Continue reading ¡Interesante! Growth Opportunities with US Hispanics

Ultimate Privacy Will Soon Be Lost

Companies often grapple with the challenges of respecting customer privacy. Although most firms do not seek to cause or do harm, data breaches, inadvertent misuse of data, and unauthorized publishing of data seem to ultimately happen. Data on a social media site, on a shopping site, or from your gym... Continue reading Ultimate Privacy Will Soon Be Lost

Finally, A Disruptor to Uber…Maybe

Google's Waze has been making waves by using its data about cars on the road to assemble the largest carpooling platform ever. This has the potential to disrupt Uber. On Waze, you can schedule a ride with a driver going the same direction as you. You can see reviews of riders, drivers, and make a ... Continue reading Finally, A Disruptor to Uber…Maybe

A Chicago Icon is No More – 5 Lessons for Retailers

A few days ago, the Chicago chain of grocery stores, Treasure Island Foods, announced that it is closing. The store has been a Chicago institution for some 55 years, serving urban areas with mostly small format stores, filled with both common and hard to find items. Julia Childs once called Treasure... Continue reading A Chicago Icon is No More – 5 Lessons for Retailers

Lessons from SEC’s settlement with Elon Musk and Tesla

The recent settlement between the SEC and Elon Musk shows precedence. In its initial demands, the SEC sought to restrict or remove Elon Musk as CEO of Tesla (a reach rarely seen before in its suits), largely over the tweets he sent suggesting that Tesla could be taken private for a whopping $420 a ... Continue reading Lessons from SEC’s settlement with Elon Musk and Tesla

Winning with Risk

Harvard Business Review Webinar: From Big Data to Big Profits

Everywhere you look there is mention of “Big Data.” But what business people care most about is turning big data into big profits. This is the focus of Russell Walker’s book From Big Data to Big Profits: Success with Data and Analytics. Walker examines the evolving nature of big data and how ...Continue reading Harvard Business Review Webinar: From Big Data to Big Profits

Risk Predictions for the New Year and Interesting Business Cases in 2016

Risk Predictions for the New Year and Interesting Business Cases in 2016 With 2016 just about a week old, I would like to share some risk issues that are interesting to consider in 2016. Federal Reserve Interest Rate Increase Although delayed many times, the Federal Reserve did finally increase the ...Continue reading Risk Predictions for the New Year and Interesting Business Cases in 2016

Lessons on Big Data, Risk, and the Vertical Integration of Wearables and Startups

Lessons on Big Data, Risk, and the Vertical Integration of Wearables and Startups It is amazing how quickly the world of health sensors and wearables has developed. In just a few years, we have seen the wearable market explode with Fitbit, Jawbone, and Apple commanding healthy shares of the overall ...Continue reading Lessons on Big Data, Risk, and the Vertical Integration of Wearables and Startups

Learning from Hurricanes: Big Data Analytics, Risk, & Data Visualization

Learning from Hurricanes: Big Data Analytics, Risk, & Data Visualization This year, Florida has experienced its 10th consecutive year without a hurricane. It is the longest period without a hurricane strike in modern times and one more remarkable considering that Florida’s more then 1200 miles...Continue reading Learning from Hurricanes: Big Data Analytics, Risk, & Data Visualization

Understanding China’s One-Child Policy Shift: Big Demographic and Economic Changes Ahead

Understanding China’s One-Child Policy Shift: Big Demographic and Economic Changes Ahead Today, China announced that it is abandoning its 35-year policy of limiting families to only one child. This policy has become a demographic experiment unmatched in the history of the world. Owing to this ...Continue reading Understanding China’s One-Child Policy Shift: Big Demographic and Economic Changes Ahead

Risk Management Leadership Lesson: The Value of Trust in Operations

Risk Management Leadership Lesson: The Value of Trust in Operations In business and life, we grow to expect certain things. Namely, our society expects companies to produce products that are safe and reliable. We go to Yelp and rail against restaurants that do not meet our expectation for service. ...Continue reading Risk Management Leadership Lesson: The Value of Trust in Operations

Russell Walker