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Information Technology For Management Digital Strategies For Insight Action and Sustainable Performance 10Th Edition PDF Full Chapter
Information Technology For Management Digital Strategies For Insight Action and Sustainable Performance 10Th Edition PDF Full Chapter
Information Technology For Management Digital Strategies For Insight Action and Sustainable Performance 10Th Edition PDF Full Chapter
Digital Technology Trends Transforming 4.3 Collaboration and Communication Technologies 127
Part 1 4.4 Sustainability and Ethical Issues 130
How Business Is Done
Case 4.2, Business Case: Google Maps API for Business 139
1 Doing Business in Digital Times 1 Case 4.3, Video Case: Fresh Direct Connects for Success 140
Case 1.1, Opening Case: McCain Foods’s Success Factors:
Dashboards, Innovation, and Ethics 2
5 Cybersecurity and Risk Management 141
Case 5.1, Opening Case: BlackPOS Malware Steals Target’s
1.1 Every Business Is a Digital Business 6
Customer Data 142
1.2 Business Process Management and Improvement 15
5.1 The Face and Future of Cyberthreats 144
1.3 The Power of Competitive Advantage 19
5.2 Cyber Risk Management 152
1.4 Enterprise Technology Trends 25
5.3 Mobile, App, and Cloud Security 163
1.5 How Your IT Expertise Adds Value to Your Performance
5.4 Defending Against Fraud 166
and Career 27
5.5 Compliance and Internal Control 169
Case 1.2, Business Case: Restaurant Creates Opportunities to
Case 5.2, Business Case: Lax Security at LinkedIn Exposed 177
Engage Customers 31
Case 5.3, Video Case: Botnets, Malware Security, and Capturing
Case 1.3, Video Case: What Is the Value of Knowing More and
Cybercriminals 179
Doing More? 32
2 Data Governance and IT Architecture Support Winning, Engaging, and Retaining Consumers
Long-Term Performance 33 Part 2
with Technology
Case 2.1, Opening Case: Detoxing Dirty Data with Data
Governance at Intel Security 34 6 Attracting Buyers with Search, Semantic, and
2.1 Information Management 37 Recommendation Technology 181
2.2 Enterprise Architecture and Data Governance 42 Case 6.1, Opening Case: Nike Golf Drives Web Traffic with Search
2.3 Information Systems: The Basics 47 Engine Optimization 182
2.4 Data Centers, Cloud Computing, and Virtualization 53 6.1 Using Search Technology for Business Success 186
2.5 Cloud Services Add Agility 62 6.2 Organic Search and Search Engine Optimization 198
Case 2.2, Business Case: Data Chaos Creates Risk 67 6.3 Pay-Per-Click and Paid Search Strategies 203
Case 2.3, Video Case: Cloud Computing: Three Case Studies 69 6.4 A Search for Meaning—Semantic Technology 205
6.5 Recommendation Engines 209
3 Data Management, Big Data Analytics, and Case 6.2, Business Case: Recommending Wine to Online
Records Management 70 Customers 217
Case 3.1, Opening Case: Coca-Cola Manages at the Point That Case 6.3, Video Case: Power Searching with Google 218
Makes a Difference 71
3.1 Database Management Systems 75 7 Social Networking, Engagement, and Social
3.2 Data Warehouse and Big Data Analytics 86 Metrics 221
3.3 Data and Text Mining 96 Case 7.1, Opening Case: The Connected Generation Influences
3.4 Business Intelligence 99 Banking Strategy 222
3.5 Electronic Records Management 102 7.1 Web 2.0—The Social Web 225
Case 3.2, Business Case: Financial Intelligence Fights Fraud 108 7.2 Social Networking Services and Communities 235
Case 3.3, Video Case: Hertz Finds Gold in Integrated Data 108 7.3 Engaging Consumers with Blogs and
Microblogs 245
4 Networks for Efficient Operations and 7.4 Mashups, Social Metrics, and Monitoring
Sustainability 110 Tools 250
Case 4.1, Opening Case: Sony Builds an IPv6 Network to Fortify 7.5 Knowledge Sharing in the Social
Competitive Edge 111 Workplace 255
4.1 Data Networks, IP Addresses, and APIs 113 Case 7.2, Business Case: Social Customer Service 259
4.2 Wireless Networks and Mobile Infrastructure 123 Case 7.3, Video Case: Viral Marketing: Will It Blend? 261
vii
viii Contents
8 Retail, E-commerce, and Mobile Commerce 11.4 Geospatial Data and Geographic Information
Systems 384
Technology 264
Case 11.2, Visualization Case: Are You Ready for Football? 387
Case 8.1, Opening Case: Macy’s Races Ahead with Mobile Retail
Case 11.3, Video Case: The Beauty of Data Visualization 387
Strategies 265
8.1 Retailing Technology 268
8.2 Business to Consumer (B2C) E-commerce 271
Managing Business Relationships, Projects,
8.3 Business to Business (B2B) E-commerce and Part 4
and Codes of Ethics
E-procurement 277
8.4 Mobile Commerce 279 12 IT Strategy and Balanced Scorecard 389
8.5 Mobile Transactions and Financial Services 286 Case 12.1, Opening Case: Intel’s IT Strategic Planning
Case 8.2, Business Case: Chegg’s Mobile Strategy 293 Process 390
Case 8.3, Video Case: Searching with Pictures Using MVS 294 12.1 IT Strategy and the Strategic Planning
Process 392
12.2 Aligning IT with Business Strategy 397
Optimizing Performance with Enterprise 12.3 Balanced Scorecard 400
Part 3
Systems and Analytics 12.4 IT Sourcing and Cloud Strategy 403
Case 12.2, Business Case: AstraZeneca Terminates $1.4B
9 Effective and Efficient Business Functions 297 Outsourcing Contract with IBM 409
Case 9.1, Opening Case: Ducati Redesigns Its Operations 299 Case 12.3, Data Analysis: Third-Party versus Company-Owned
9.1 Solving Business Challenges at All Management Offshoring 410
Levels 302
9.2 Manufacturing, Production, and Transportation 13 Project Management and SDLC 412
Management Systems 306 Case 13.1, Opening Case: Keeping Your Project on Track, Knowing
9.3 Sales and Marketing Systems 312 When It Is Doomed, and DIA Baggage System Failure 413
9.4 Accounting, Finance, and Regulatory Systems 315 13.1 Project Management Concepts 417
9.5 Human Resources Systems, Compliance, 13.2 Project Planning, Execution, and Budget 421
and Ethics 323
13.3 Project Monitoring, Control, and Closing 428
Case 9.2, Business Case: HSBC Combats Fraud in Split-second
Decisions 329
13.4 System Development Life Cycle 432
Case 13.2, Business Case: Steve Jobs’ Shared Vision Project
Case 9.3, Video Case: United Rentals Optimizes Its Workforce with
Management Style 436
Human Capital Management 330
Case 13.3, Demo Case: Mavenlink Project Management and
10 Strategic Technology and Enterprise Planning Software 437
Systems 331
Case 10.1, Opening Case: Strategic Technology Trend—
14 Ethical Risks and Responsibilities of IT
3D Printing 332
Innovations 438
Case 14.1, Opening Case: Google Glass and Risk, Privacy, and
10.1 Enterprise Systems 337
Piracy Challenges 439
10.2 Enterprise Social Platforms 341
14.1 Privacy Paradox, Privacy, and Civil Rights 442
10.3 Enterprise Resource Planning Systems 346
14.2 Responsible Conduct 448
10.4 Supply Chain Management Systems 352
14.3 Technology Addictions and the Emerging Trend of
10.5 Customer Relationship Management Systems 358
Focus Management 453
Case 10.2, Business Case: Avon’s Failed SAP Implementation:
14.4 Six Technology Trends Transforming Business 454
Enterprise System Gone Wrong 364
Case 14.2, Business Case: Apple’s CarPlay Gets
Case 10.3, Video Case: Procter & Gamble: Creating Conversations
Intelligent 458
in the Cloud with 4.8 Billion Consumers 365
Case 14.3, Video Case: Vehicle-to-Vehicle Technology to Prevent
11 Data Visualization and Geographic Information Collisions 459
Systems 367 Glossary G-1
Case 11.1, Opening Case: Safeway and PepsiCo Apply Data
Visualization to Supply Chain 369 Organizational Index O-1
11.1 Data Visualization and Learning 371
Name Index N-1
11.2 Enterprise Data Mashups 377
11.3 Digital Dashboards 380 Subject Index S-1
PREFACE
Business strategy and operations are driven by data, digi- to capture customer loyalty and wallet share and justify
tal technologies, and devices. Five years from now, we will significant investments in leading IT.
look back upon today as the start of a new era in business
More Project Management with Templates. In response
and technology. Just like the way e-business started with
to reviewers’ requests, we have greatly increased cover-
the emergence of the Web, this new era is created by the
age of project management and systems development
convergence of social, mobile, big data, analytics, cloud,
lifecycle (SDLC). Students are given templates for writing
sensor, software-as-a-service, and data visualization tech-
a project business case, statement of work (SOW), and
nologies. These technologies enable real-time insights,
work breakdown structure (WBS). Rarely covered, but
business decisions, and actions. Examples of how they
critical project management issues included in this edition
determine tomorrow’s business outcomes are:
are project post-mortem, responsibility matrix, go/no go
• Insight. Combining the latest capabilities in big decision factors, and the role of the user community.
data analytics, reporting, collaboration, search, and New Technologies and Expanded Topics. New to this
machine-to-machine (M2M) communication helps edition are 3D printing and bioprinting, project portfolio
enterprises build an agility advantage, cut costs, and management, the privacy paradox, IPv6, outsource rela-
achieve their visions. tionship management (ORM), and balanced scorecard.
• Action. Fully leveraging real-time data about opera- With more purchases and transactions starting online
tions, supply chains, and customers enables managers and attention being a scarce resource, students learn how
to make decisions and take action in the moment. search, semantic, and recommendation technologies func-
• Sustainable performance. Deploying cloud services, tion to improve revenue. The value of Internet of Things
managing projects and sourcing agreements, respect- (IoT) has grown significantly as a result of the compound
ing privacy and the planet, and engaging customers impact of connecting people, processes, data, and things.
across channels are now fundamental to sustaining Easier to Grasp Concepts. A lot of effort went into mak-
business growth. ing learning easier and longer-lasting by outlining content
• Business optimization. Embedding digital capability with models and text graphics for each opening case (our
into products, services, machines, and business pro- version of infographics) as shown in Figure P-1—from the
cesses optimizes business performance—and creates Chapter 12 opening case.
strategic weapons.
In this tenth edition, students learn, explore, and analyze Engaging Students to
the three dimensions of business performance improve-
ment: digital technology, business processes, and people. Assure Learning
The tenth edition of Information Technology for
Management engages students with up-to-date cover-
What Is New in the Tenth age of the most important IT trends today. Over the
Edition—and Why It Matters years, this IT textbook had distinguished itself with an
emphasis on illustrating the use of cutting edge business
Most Relevant Content. Prior to and during the writing technologies for achieving managerial goals and objec-
process, we attended practitioner conferences and con- tives. The tenth edition continues this tradition with more
sulted with managers who are hands-on users of leading hands-on activities and analyses.
technologies, vendors, and IT professionals to learn about Each chapter contains numerous case studies and
their IT/business successes, challenges, experiences, and real world examples illustrating how businesses increase
recommendations. For example, during an in-person productivity, improve efficiency, enhance communica-
interview with a Las Vegas pit boss, we learned how tion and collaboration, and gain a competitive edge
real-time monitoring and data analytics recommend through the use of ITs. Faculty will appreciate a variety
the minimum bets in order to maximize revenue per of options for reinforcing student learning, that include
minute at gaming tables. Experts outlined opportunities three Case Studies per chapter, including an opening
and strategies to leverage cloud services and big data case, a business case and a video case.
ix
x Preface
Strategic
gic
directional
4. Strategic Imperatives, Strategies, & Budget for
statements
Next Year. Develop next year’s priorities, road
map, budget, & investment plan. Annual budget
approved.
egic
Strategic
plan
5. Governance Decisions & IT Road Map. The
budget guides the governance process, including
supplier selection and sourcing.
Throughout each chapter are various learning aids, At the end of each chapter are a variety of features
which include the following: designed to assure student learning:
• Learning Outcomes are listed at the beginning of each • Critical Thinking Questions are designed to facilitate
chapter to help students focus their efforts and alert student discussion.
them to the important concepts that will be discussed. • Online and Interactive Exercises encourage students
• The Chapter Snapshot provides students with an over- to explore additional topics.
view of the chapter content. • Analyze and Decide questions help students apply IT
• IT at Work boxes spotlight real-world cases and inno- concepts to business decisions.
vative uses of IT.
• Definitions of Key Terms appear in the margins
throughout the book.
Details of New and Enhanced
• Tech Note boxes explore topics such as “4G and
5G Networks in 2018” and “Data transfers to main- Features of the Tenth Edition
frames.” The textbook consists of fourteen chapters organized
• Career Insight boxes highlight different jobs in the IT into four parts. All chapters have new sections as well as
for management field. updated sections, as shown in Table P-1.
Preface xi
TABLE P-1 Overview of New and Expanded IT Topics and Innovative Enterprises Discussed
in the Chapters
Enterprises in a Wide
Chapter New and Expanded IT and Business Topics Range of Industries
TABLE P-1 Overview of New and Expanded IT Topics and Innovative Enterprises Discussed
in the Chapters (continued)
Enterprises in a Wide
Chapter New and Expanded IT and Business Topics Range of Industries
TABLE P-1 Overview of New and Expanded IT Topics and Innovative Enterprises Discussed
in the Chapters (continued)
Enterprises in a Wide
Chapter New and Expanded IT and Business Topics Range of Industries
Barin Nag, Towson University research and development of graphics for Chapter 7.
Luis A. Otero, Inter-American University of Puerto We are fortunate and thankful for the expert and encour-
Rico, Metropolitan Campus aging leadership of Margaret Barrett, Beth Golub, Ellen
John Pearson, Southern Illinois University Keohane, and Mary O’Sullivan. To them we extend our
Daniel Riding, Florida Institute of Technology sincere thanks for your guidance, patience, humor, and
Josie Schneider, Columbia Southern University support during the development of this most recent ver-
Derek Sedlack, South University sion of the book. Finally, we wish to thank our families
Eric Weinstein, The University of La Verne and colleagues for their encouragement, support, and
Patricia White, Columbia Southern University understanding as we dedicated time and effort to cre-
Gene A. Wright, University of Wisconsin–Milwaukee ating this new edition of Information Technology for
Management.
We are very thankful to our assistants, Samantha
Palisano and Olena Azarova. Samantha devoted many
Linda Volonino
hours of research, provided clerical support, and con-
Greg Wood
tributed to the writing of Chapter 6. Olena assisted with
Digital Technology Trends Transforming
Part 1 How Business Is Done
Chapter
Doing Business
1 in Digital Times
Learning Outcomes
1. Describe the use of digital technology in every facet of 4. Describe enterprise technology trends and explain how
business and how digital channels are being leveraged. they influence strategy and operations.
2. Explain the types, sources, characteristics, and control 5. Assess how IT adds value to your career path and per-
of enterprise data, and what can be accomplished with formance, and the positive outlook for IT management
near real time data. careers.
3. Identify the five forces of competitive advantage and
evaluate how they are reinforced by IT.
Chapter Snapshot
Make no mistake. Businesses are experiencing a digital Think how much of your day you have your phone
transformation as digital technology enables changes nearby—and how many times you check it. Nearly
unimaginable a decade ago. High-performance organi- 80 percent of people carry their phone for all but two
zations are taking advantage of what is newly possible hours of their day; and 25 per cent of 18- to 44-year-olds
from innovations in mobile, social, cloud, big data, data cannot remember not having their phone with them
analytics, and visualization technologies. These digital (Cooper, 2013).
forces enable unprecedented levels of connectivity, or As a business leader, you will want to know what
connectedness, as listed in Figure 1.1. steps to take to get a jump on the mobile, social, cloud,
1
Big data are datasets whose
size and speed are beyond An estimated 15 billion
the ability of typical database devices are connected to
Over 1 million websites
the Internet—forecasted
software tools to capture, to hit 50 billion by 2020
engage in Facebook
e-commerce.
store, manage, and analyze. as more devices connect
Examples are machine- via mobile networks.
generated data and social
media texts.
More data are collected in
Data analytics refers to the Over 200 million social a day now than existed in
use of software and statistics Figure 1.1 We are in media users are mobile the world 10 years ago.
the era of mobile-social- only, never accessing it
to find meaningful insight Half of all data are in the
cloud-big data that from a desktop or laptop. cloud and generated
in the data, or better under-
shape business strate- Mobile use generates 30% by mobile and social
stand the data. gies and day-to-day of Facebook’s ad revenue. activities—known as big
data.
Data visualization (viz) tools operations.
make it easier to understand
data at a glance by display-
ing data in summarized big data, analytics, and visualization technologies that will move your businesses
formats, such as dashboards forward. Faced with opportunities and challenges, you need to know how to lever-
and maps, and by enabling age them before or better than your competitors.
drill-down to the detailed In this opening chapter, you read about the powerful impacts of digital technol-
data. ogy on management, business, government, entertainment, society, and those it will
have on the future. You learn of the latest digital trends taking place across indus-
tries and organizations—small and medium businesses, multinational corporations,
government agencies, the health-care industry, and nonprofits.
COMPANY OVERVIEW You most likely have eaten McCain Foods products (Figure 1.2, Table 1.1). McCain
is a market leader in the frozen food industry—producing one-third of the world’s
supply of french fries. The company manufactures, distributes, and sells more than
2
CASE 1.1 Opening Case 3
Business challenges The frozen food industry faced tough challenges from health
and nutrition trends that are emphasizing fresh foods. Industry
is highly competitive because it is expected to experience slow
growth through 2018.
Voisin/Phanie/SuperStock
FROZEN FOOD McCain Foods had to deal with three major challenges and threats:
INDUSTRY CHALLENGES
1. Drop in demand for frozen foods. McCain operated in an industry that was
facing tougher competition. Health-conscious trends were shifting customer
demand toward fresh food, which was slowing growth in the frozen foods
market.
2. Perishable inventory. Of all the types of manufacturing, food manufacturers face
© DustyPixel/iStockphoto
MCCAIN FOODS’ The McCain brothers, who founded the company, follow this simple philosophy:
BUSINESS AND IT “Good ethics is good business.” McCain prides itself on the quality and conve-
STRATEGIES nience of its products, which is reflected in the It’s All Good brand image. The It’s
All Good branding effort was launched in 2010 after surveys found that customers
were concerned about the quality and nutrition of frozen foods. Since then, many of
products have been improved and manufactured in healthier versions.
Managing with Digital Technology McCain had integrated its diverse
sources of data into a single environment for analysis. Insights gained from its data
analytics helped improve manufacturing processes, innovation, and competitive
advantage.
McCain Foods invested in data analytics and visualization technologies to
maximize its capability to innovate and gain insights from its huge volumes of data.
The company tracks, aggregates, and analyzes data from operations and business
customers in order to identify opportunities for innovation in every area of the busi-
ness. The results of data analytics are made available across the organization—from
CASE 1.1 Opening Case 5
executive boardrooms to the factory floors—on dashboards. Dashboards are data
visualizations (data viz) that display the current status of key performance indica-
tors (KPIs) in easy-to-understand formats (Figure 1.5). KPIs are business metrics
used to evaluate performance in terms of critical success factors, or strategic and
operational goals.
Better Predictions, Better Results The CEO, other executives, and managers
view their dashboards from mobile devices or computers. They are able to monitor
operations in factories and farms around the globe. Dashboards keep management
informed because they can discover answers to their own questions by drilling
down. Data are used to forecast and predict crop yields—and ultimately combine
weather and geopolitical data to predict and avoid food shortages. By integrating
all of its data into one environment and making the results available in near real
time to those who need it, the organization is increasing its bottom line and driving
innovation.
© Delices/Shutterstock
Sources: Compiled from Smith (2013), Transparency Market Research (2013), and McCain Foods
Teradata video (2013).
DIGITAL TECHNOLOGIES Consumers expect to interact with businesses anytime anywhere via mobile
OF THE 2010S—IN THE apps or social channels using technology they carry in their pockets. Mobile apps
CLOUD, HANDHELD, have changed how, when, and where work is done. Employees can be more produc-
AND WEARABLE tive when they work and collaborate effortlessly from their handheld or wearable
devices.
Cloud computing is a style
of computing in which IT Cloud Computing
services are delivered on- Enterprises can acquire the latest apps and digital services as they are needed and
demand and accessible via without large upfront investments by switching from owning IT resources to cloud
the Internet. Common exam- computing (Figure 1.6). Cloud computing ranges from storing your files in Dropbox
ples are Dropbox, Gmail, to advanced cloud services. In short, with the cloud, resources no longer depend
and Google Drive. on buying that resource. For example, Amazon Elastic Compute Cloud, known as
1.1 Every Business Is a Digital Business 7
© DrAfter123/iStockphoto
© hanibaram/iStockphoto
Figure 1.6 Cloud computing is an important evolution in data storage, software, apps, and
delivery of IT services. An example is Apple iCloud—a cloud service used for online storage and
synchronization of mail, media files, contacts, calendar, and more.
EC2, eliminates the need to invest in hardware up front, so companies can develop
and deploy applications faster. EC2 enables companies to quickly add storage
capacity as their computing requirements change. EC2 reduces the time it takes to
acquire server space from weeks to minutes.
Machine-to-Machine Technology
Sensors can be embedded in most products. Objects that connect themselves to
the Internet include cars, heart monitors, stoplights, and appliances. Sensors are
designed to detect and react, such as Ford’s rain-sensing front wipers that use
an advanced optical sensor to detect the intensity of rain or snowfall and adjust
wiper speed accordingly. Machine-to-machine (M2M) technology enables sensor-
Internet of things (IoT) embedded products to share reliable real time data via radio signals. M2M and
refers to a set of capabilities the Internet of Things (IoT) are widely used to automate business processes in
enabled when physical things industries ranging from transportation to health care. By adding sensors to trucks,
are connected to the Internet turbines, roadways, utility meters, heart monitors, vending machines, and other
via sensors. equipment they sell, companies can track and manage their products remotely.
The phrase Internet of Things was coined by Kevin Ashton in 1999 while he was em-
ployed at Procter & Gamble. It refers to objects (e.g., cars, refrigerators, roadways)
that can sense aspects of the physical world, such as movement, temperature, light-
ing, or the presence or absence of people or objects, and then either act on it or re-
port it. Instead of most data (text, audio, video) on the Internet being produced and
used by people, more data are generated and used by machines communicating with
other machines—or M2M, as you read at the start of this chapter. Smart devices use
IP addresses and Internet technologies like Wi-Fi to communicate with each other
or directly with the cloud. Recent advances in storage and computing power avail-
able via cloud computing are facilitating adoption of the IoT.
The IoT opens new frontiers for improving processes in retail, health care,
manufacturing, energy, and oil and gas exploration. For instance, manufacturing
processes with embedded sensors can be controlled more precisely or monitored
8 Chapter 1 Doing Business in Digital Times
for hazards and then take corrective action, which reduces injuries, damage, and
costs. IoT combined with big data analytics can help manufacturers improve the
efficiency of their machinery and minimize energy consumption, which often is the
manufacturing industry’s second-biggest expense.
The health sector is another area where IoT can help significantly. For example,
a person with a wearable device that carries all records of his health could be monitored
constantly. This connectivity enables health services to take necessary measures for
maintaining the wellbeing of the person.
Big Data
There is no question that the increasing volume of data can be valuable, but only if
they are processed and available when and where they are needed. The problem is
that the amount, variety, structure, and speed of data being generated or collected
by enterprises differ significantly from traditional data. Big data are what high-
volume, mostly text data are called. Big data stream in from multiple channels and
sources, including:
• mobile devices and M2M sensors embedded in everything from airport
runways to casino chips. Later in this chapter, you will read more about the
Internet of Things.
• social content from texts, tweets, posts, blogs.
• clickstream data from the Web and Internet searches.
• video data and photos from retail and user-generated content.
• financial, medical, research, customer, and B2B transactions.
Big data are 80 to 90 per cent unstructured. Unstructured data do not have a pre-
dictable format like a credit card application form. Huge volumes of unstructured data
flooding into an enterprise are too much for traditional technology to process and ana-
lyze quickly. Big data tend to be more time-sensitive than traditional (or small) data.
The exploding field of big data and analytics is called data science. Data sci-
ence involves managing and analyzing massive sets of data for purposes such as
target marketing, trend analysis, and the creation of individually tailored products
and services. Enterprises that want to take advantage of big data use real time data
from tweets, sensors, and their big data sources to gain insights into their custom-
ers’ interests and preference, to create new products and services, and to respond
to changes in usage patterns as they occur. Big data analytics has increased the
demand for data scientists, as described in Career Insight 1.1.
Big data, analytics tools, powerful networks, and greater technology, medical testing, and so on. Demand for data
processing power have contributed to growth of the scientists is outpacing the supply of talent. It is projected
field of data science. Enterprises need people who are that the data scientist career option will grow 19 per
capable of analyzing and finding insights in data cap- cent by 2020—surpassed only by video game design-
tured from sensors, M2M apps, social media, wearable ers. Talent scarcity has driven up salaries. According to
1.1 Every Business Is a Digital Business 9
Glassdoor data (glassdoor.com, 2014), the median salary after joining the company in 2006. At that time, LinkedIn
for data scientists in the United States is $117,500. By had less than 8 million members. Goldman noticed that
contrast, a business analyst earns an average of $61,000. existing members were inviting their friends and col-
leagues to join, but they were not making connections
Profiles of Data Scientists at Facebook, LinkedIn, with other members at the rate executives had expected.
and Bitly A LinkedIn manager said, “It was like arriving at a con-
• Facebook’s Jeff Hammerbacher. Jeff helped ference reception and realizing you don’t know anyone.
Facebook make sense out of huge volumes of user So you just stand in the corner sipping your drink—and
data when he joined the company in 2006. Facebook’s you probably leave early.” Goldman began analyzing
data science team analyzes the self-reported data on the data from user profiles and looked for patterns that
each user’s Facebook page in order to target ads to predict whose networks a given profile would land
based on things the user actually likes. in. While most LinkedIn managers saw no value in
Goldman’s work, Reid Hoffman, LinkedIn’s cofounder
• LinkedIn’s DJ Patil. DJ worked at LinkedIn as
and CEO at the time, understood the power of analytics
chief data scientist. Many of the cool products on
because of his experiences at PayPal. With Hoffman’s
LinkedIn were built using data from self-reporting
approval, Goldman applied data analytics to test what
and machine learning.
would happen if member were presented with names
• Bitly’s Hilary Mason. Hilary was chief scientist at of other members they had not yet connected with, but
Bitly, which offers URL shortening and redirec- seemed likely to know. He displayed the three best new
tion services with real time link tracking. Bitly sees matches for each member based on his or her LinkedIn
behavior from billions of people a month by analyz- profile. Within days, the click-through rate on those
ing tens of millions of links shared per day, which are matches skyrocketed and things really took off. Thanks
clicked hundreds of millions times. The clickstreams to this one feature, LinkedIn’s growth increased dra-
generate an enormous amount of real time data. matically.
Using data analytics, Hillary and her team detected The LinkedIn example shows that good data sci-
and solved business problems that were not evident. entists do much more than simply try to solve obvious
business problems. Creative and critical thinking are
Data Science Is Both an Art and a Science part of their job—that is, part analyst and part artist.
In their 2012 Harvard Business Review article titled They dig through incoming data with the goal of dis-
“Data Scientist: The Sexiest Job of the 21st Century,” covering previously hidden insights that could lead to
authors Thomas Davenport and D. J. Patil define a data a competitive advantage or detect a business crisis in
scientist as a “high-ranking professional with the train- enough time to prevent it. Data scientists often need
ing and curiosity to make discoveries in the world of big to evaluate and select those opportunities and threats
data” (Davenport & Patil, 2012). They described how that would be of greatest value to the enterprise or
data scientist Jonathan Goldman transformed LinkedIn brand.
Sources: Kelly (2013), Lockhard & Wolf (2012), Davenport & Patil (2012), U.S. Department of Labor, Bureau of Labor Statistics (2014).
SOCIAL-MOBILE-CLOUD The relationship among social, mobile, and cloud technologies is shown in
MODEL Figure 1.7. The cloud consists of huge data centers accessible via the Internet and
forms the core by providing 24/7 access to storage, apps, and services. Handhelds
and wearables, such as Google Glass, Pebble, and Sony Smartwatch (Figure 1.8),
and their users form the edge. Social channels connect the core and edge. The
SoMoClo integration creates the technical and services infrastructure needed for
digital business. This infrastructure makes it possible to meet the expectations of
employees, customers, and business partners given that almost everyone is con-
nected (social), everywhere they go (mobile), and has 24/7 access to data, apps, and
other services (cloud).
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China to the Amazonian warriors of South America and the Fountain
of Youth which explorers of real enterprise were ready to discover.
Had there been any knowledge of the science of politics in
Spain, Columbus would have been a person of considerable
importance in his old age. The Radicals would have rallied around
him, and would have denounced the atrocious manner in which a
treacherous and reactionary monarchy had treated him. Columbian
clubs would have been established everywhere, and he would have
been made to serve as the stalking-horse of an unprincipled and
reckless faction.
[Æt. 67–70; 1503–1506]
The end was now drawing near, and Columbus made a codicil to
his will, expressing his last wishes. Beatrix Enriquez was still alive,
though whether she too had forsaken Columbus we are not told. It is
pleasant to find that the Admiral remembered her, and in the codicil
to his will ordered his son Diego to see that she was properly cared
for, adding, “and let this be done for the discharge of my conscience,
for it weighs heavy on my soul.” He had neglected to marry Beatrix,
and, unlike most men in like circumstances, the neglect burdened his
conscience. This codicil was almost the last act of his busy life; and
on the 20th of May, 1506, repeating the Latin words, In manus tuas,
Domine, commendo spiritum meum, he died with the calmness of a
brave man and the peace of a Christian. He had lived seventy years,
and had literally worn himself out in the service of the royal hound
whose miserable little soul rejoiced when he heard that the great
Italian was dead.
Columbus was buried almost as much as he was born. His first
burial was in the convent of St. Francisco. Seven years later he was
buried some more in the Carthusian convent in Seville. In 1536 he
was carried to San Domingo and buried in the Cathedral, and
afterward he was, to some extent, buried in Havana. Whether
Havana or San Domingo has at present the best claim to his grave,
is a disputed point.
CHAPTER XIX.
HIS CHARACTER AND ACHIEVEMENTS.
Caonabo, 160;
captured, 175;
dies, 193.
Cedo, Fermin, alleged scientific person, 158.
Cogoletto, alleged birthplace of Columbus, 1.
Columbus, Bartholomew, born and translated, 4;
is sent to England, 38;
arrives at Hispaniola, 171;
made Governor of Isabella, 191;
able commander, 209;
arrested, 228;
sails with fourth exploring expedition, 236;
defeats Porras, 261.
Columbus, Christopher, born, 1;
translated, 3;
anecdotes of boyhood, 5;
goes to Pavia, 9;
becomes sailor, 11;
engages in Neapolitan expedition, 12;
deceives sailors or posterity, 13;
does not arrive in Portugal, 16;
does arrive there, 18;
marries, 19;
makes maps, 20;
lives at Porto Santo, 21;
goes to Iceland or elsewhere, 28;
talks to King John, 35;
goes to Spain, 38;
deposited with Quintanilla, 41;
meets Scientific Congress, 43;
goes to Convent of Rabida, 49;
meets committee on exploration, 54;
starts for France, 56;
goes to Palos, 61;
sails on first voyage, 67;
keeps false reckoning, 72;
discovers San Salvador, 89;
sails for Spain, 97;
wrecked, 102;
founds colony, 105;
sees Mermaids, 110;
displays seamanship, 115;
arrives at Azores, 116;
arrives at Palos, 125;
flattens egg, 135;
sails on second voyage, 138;
discovers Dominica, 141;
returns to Spain, 191;
loses popularity, 196;
sails on third voyage, 200;
discovers Trinidad, 204;
invents ingenious theory, 205;
arrives at Hispaniola, 208;
arrested, 228;
sent to Spain, 229;
arrives in Spain, 230;
sails on fourth voyage, 237;
reaches Honduras, 240;
searches for Panama Canal, 240;
founds colony at Veragua, 243;
sails away, 250;
reaches Jamaica, 251;
manages lunar eclipse, 258;
reaches Hispaniola, 262;
returns to Spain, 264;
dies, 268;
is extensively buried, 268;
perhaps is a sun-myth, 269;
character, 284.
Columbus, Diego, born, 4;
Governor of Isabella, 162;
sent to Spain to wait for opening in Connecticut, 177;
returns to Hispaniola, 187;
arrested by Bobadilla, 227.
Columbus, Dominico, combs wool, 3.
Compass, variation of, 55.
Congress of Salamanca, 46;
its tediousness, 45.
Correo, Pedro, 21;
he winks, 25;
is talked to death, 34.
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