GROUP Chirag Pilkhwal (201032) Kapil Goyal (201057) Rohit Maini (201135)

IT project

Comparison

ANALYTICS PROJECT
Commissioned to address an opportunity. Exploration of information. It sees information as something that people themselves make valuable. Important role of cognitive and behavioral skills.

IT PROJECT
Addresses a problem. Deployment of technology. It sees information as a resource that resides in databases. Engineering and mathematical skills required.

Place People at the Heart of the Initiative

Problems
Discarding Various of biases of the information manager Low cognitive ability.

Many managers are not comfortable working with data.

Place People at the Heart of the Initiative

Users at the heart of the system

Challenge how data is used to reach decisions

Question established assumptions

Rely on formal analysis instead of gut feeling

Information Use is the Way to Unlock Value from IT

People use information differently according to the context.

People use information dynamically and in steps.

Problem of taking data out of the technological domain and into the human domain. Analytics projects succeed by challenging and improving the way data is used and decisions are made.

Information Use is the Way to Unlock Value from IT

Ask second order questions

Give IT teams the freedom to reframe business problems

Discover what data you do and do not have

Information and Technology

Walmart (Example)

Cognitive and behavioral skills Data scientists

Focus on Learning :
Big data - more akin to scientific research than to IT initiatives. Process : 1. Sense problems or potential opportunities

2. Develop theories about a particular outcome or effect

3. Generate hypothesis

4.

Identify relevant data

5. Conduct experiments

Focus on Learning
Make learning a central focus of big data :

1. Promote and facilitate a culture of information sharing. 2. Expose the assumptions, biases and blind spots.
3. Strive to demonstrate cause and effect. 4. Identify the appropriate techniques and tools.

Solving Business problems more important than technology :

Conventional IT project management - risk averse. Organizations - look to IT to bring data under control by :

1. Automating transactions
2. Streamlining information flows 3. Storing data for later recall.

Solving Business problems more important than technology

IT project management : neutralizes threats to the successful delivery of a new system.

Businesses extract value from data people use the firms data & their knowledge to improve the firms performance.

Insights
Optimum amount of budget should be assigned to have a trade off between I and T

IT is a hindrance in the path of creativity.

Too much reliance on technology can hamper your growth prospects

Technology implementation should serve the companies goals and not followed because of industry trend.