On November 21st, MSBA Professor Foster Provost led a talk on big data decision making, titled Understanding Decisions Driven by Big Data: From Analytics Management to Privacy-friendly Cloaking Devices.
The talk was given at Strata + Hadoop World in Barcelona, Spain, a conference that brings together some of the world’s most influential business decision makers and analysts to discuss the future of big data and business technologies.
In his talk, Professor Provost illustrated why various stakeholders should understand why business decisions are made, and what techniques we can use to understand decisions made based on the massive signals in big data.
To watch Professor Provost’s keynote at the Strata + Hadoop Conference, please click here.
To learn more about his talk, click here.
Posted in Big Data, Business Analytics Tools, Center for Business Analytics, MS in Business Analytics, Networks
Tagged Big Data, Center for Business Analytics, data science, Foster Provost, MSBA, strategy, technology
MSBA Professor Vasant Dhar’s opinion editorial Bright lights, big data: What the market may tell us about a correction was recently featured on CNBC. His commentary examined how “big data based sentiment” may be a valuable addition to market indicators and a crucial component of investment decision making:
“…Professional investors cannot ignore the emergence of a new and critical class of “factor” in their investment models—namely, big data based sentiment, and the growing capability for market participants to extract and measure it reliably.
This new type of factor, which is very different from indices such as the Michigan consumer sentiment index, may well join the ranks of key determinants of investment performance, alongside traditional factors such as value and momentum that have been used for decades on Wall Street.”
To read the entire article on CNBC, click here.
Posted in Big Data, Center for Business Analytics, Op-Ed, Predictive Analytics, stocks
Tagged Big Data, CNBC, data science, market, prediction, sentiment, Vasant Dhar
MSBA Professor Foster Provost’s book Data Science for Business was recently highlighted by Fortune Magazine as one of the top books read by business students today. The reading list, which recommends books MBA professors have on their fall syllabi, features Data Science for Business as a key resource for students at MIT, Insead, and Northwestern.
“There is no other book on practical data science for business applications that simultaneously has as much authority and as much clarity,” says Sinan Aral, a management professor at MIT’s Sloan. “Students cannot stop raving about this book.”
To read the entire book list by Fortune Magazine, please click here.
MSBA Professor Anindya Ghose recently received two best paper awards in top Management Science and Information Systems Research (ISR) journals, a unprecedented achievement to achieve in one year.
First, his 2011 paper “Deriving the Pricing Power of Product Features by Mining Consumer Reviews“ received the Best Paper award of all papers published from 2011 to 2013 in Management Science, awarded by the INFORMS Information Systems Society.
In addition, his paper “An Empirical Examination of the Antecedents and Consequences of Contribution Patterns in Crowd-Funded Markets,” published in Information Systems Research (ISR), received the 2013 Best Paper award.
Congratulations Professor Ghose!