With more data available to tap than ever before, many corporations are looking to hire employees with business analytics skills. MSBA Professor Vasant Dhar recently spoke with Treasury and Risk to examine why business analytics is becoming increasingly important to companies:
“The amount of data that’s being generated just doubles every year,” said Vasant Dhar, a professor and head of the information systems group at NYU’s Stern School and co-director of Stern’s Center for Business Analytics. “In the old days, data was something that was collected painfully and there wasn’t too much of it. Now we’re in an age where everything is recorded almost as a by-product of how we function.
“The fact there’s so much that’s out there and available opens up a whole new world of possibilities and risks,” he added. “This is the new math; it’s a new way of functioning and thinking about the world.”
To read the entire article, click here.
MSBA Professor J.P. Eggers recently sat down with NewCo Chairman John Battelle to discuss “Tech Darwinism” and the evolution of technology companies on Bloomberg. Professor Eggers examined the fast-moving life cycle and industry dynamics that may cause disruptions for older companies.
The following is an excerpt from the discussion:
The cycle certainly seems to be faster. The pattern is still relative to what we see in other industries. The challenge is that, in many industries, the dynamics just don’t move as fast. Things don’t replace new technologies, steel and airlines and things like that, as often, whereas in the tech world, the life cycles are much more compressed. But the same basic pattern shows up whether we look at manufacturing or retail or technology.
To watch the full video, click here.
NYU Stern MSBA Professor Anindya Ghose was recently interviewed by Alison Morris of Fox TV, examining whether or not a tech stock bubble currently existed.
Professor Ghose disagreed with the presence of a bubble, arguing instead that while some stocks may have astronomical valuations, the current tech boom is very different from that of 1999-2000. He also commented that social good can come out of tech bubbles, despite some damage:
There’s a lot of good that came out of the 1999-2000 dot-com bust. E-commerce is what it is today because of what we’ve learned from our mistakes in the past. There is collateral damage- investors lost, but society benefited.
To watch the entire interview, click here.
Could Apple Pay be the service that leads to widespread adoption of the so-called mobile wallet? (AP Photo/Marcio Jose Sanchez, File)
With a jump into the mobile-payments market, Apple’s newest release may foster an ecosystem that fuels demand for its own products. By combining mobile payment services with the popularity and ease-of-use of its current technologies, Apple can cement its products even further into the fabric of their customers’ lives.
Recently, Professor Anindya Ghose shared his thoughts on Apple’s move into the mobile-payments with Peter Burrows of Bloomberg Business Week. An excerpt can be found below:
Apple Inc. (AAPL:US) is jumping into the mobile-payments market just as retailers upgrade their cash registers to be more secure and ready to receive wireless transactions.
“It sounds like fiction, but it’s going to be fact,” said Anindya Ghose, a professor of marketing at New York University’s Stern School of Business.”
Read the full article on Business Week here.
The following is a Legal Talk Network interview with MSBA Class of 2015 student Bennett Borden. Bennett spoke with Legal Talk Network about data science advancements in the legal field and their impact on litigation procedures. Bennett referenced how descriptive analytics are entering the new area of predictive analytics, as companies review patterns from past legal infractions to learn about future prevention methods. Borden asks the question: how do companies get value out of the information they own?
Bennett Borden is the Chair of Information Governance at Drinker Biddle & Reath LLP.