Can you give us a teaser of your talk?
Data isn't the "new oil" as many have characterized it. Its economic characteristics and potential benefits far outstrip dead dinosaur juice. Even though well into the Information Age the accounting aristocracy still doesn't recognize information as a balance sheet asset, leading organizations are starting to monetize, manage, and measure it as one. And forward-thinking tech companies are helping them. The emerging discipline of Infonomics is the driving force behind organizations that will thrive, not just survive, over the next couple decades.
[Data's] economic characteristics and potential benefits far outstrip dead dinosaur juice.
Tell us about what you are working on right now.
I'm working with organizations big and small to help them monetize (i.e., generate economic benefits from) available information assets, and with CDOs to develop and implement advanced data & analytics strategies. I'm also teaching Infonomics and an Executive Intro to Analytics via the University of Illinois Gies School of Business to MBA and Masters of Accounting students around the world (via Coursera). And I'm working on my third book. And I'm working on my short-game...my chipping has been dreadful lately.
What is your background?
While watching the Apollo 11 moon landing as a child, my father, an electrical engineer, said he was more amazed that the images and information from the Eagle touching down and Armstrong's first steps reached us on Earth than that we had reached the moon. This set in motion a fascination with information and its impact on business and society, which led me into consulting, expert systems/AI, data warehousing, research and advisory work, and back into consulting.
What should we look out for in the next 5 years?
There's a chance we may see information become a recognized balance sheet asset. This will have tremendous impact on how businesses are valued, and how they can leverage their information assets. From an emerging tech perspective, I expect we will see AI driving significant advances in automating the collection, management, integration, delivery, analytics, and use of information assets.
Who is doing good work in your field?
Boeing, AIG, Vivint, Lockheed Martin, GE, and Allstate, among several others are using information valuations and innovative data monetization approaches to drive significant transformations. And upstarts like Dawex, Quandl, Data Republic, Apervita, Arity, and others are offering general or industry-focused data marketplaces.
How do you hope Tulip will be different / better?
Fewer infomercials. More truly innovative ideas.