Sunday, January 25, 2015

Some interesting comments.
Davos Elites Warned About Catastrophic Cyberattacks
Eugene Kaspersky, who heads the Kaspersky Lab security group, said the possibilities of individuals being hacked would only increase in future as more devices, such as "smart" televisions, are hooked up to the Internet.
"What you call the Internet of Things, I call the Internet of Threats," he told the assembled global political and business movers-and-shakers.
Estonian President Toomas Hendrik Ilves said that criminals could bring about chaos in a much lower-level way.
"You can wreak havoc in all kinds of ways," said Ilves, who added that it was the duty of governments to give citizens powerful encryption tools to protect their data.
He told an anecdote about traffic authorities in Los Angeles who went on strike and also set all the lights to red, sparking gridlock.
"But what if someone turned all the lights green?" he asked.
Jean-Paul Laborde, head of the UN's counter-terrorism unit, pointed to increasing links between organised crime and extremist groups such as Islamic State, which he said were now combining to launch cyberattacks on authorities.

Some of the findings in this report surprised me. (I wish I could come up with a brand new way to teach innovation.)
The Most Innovative Companies 2014
Boston Consulting Group – The Most Innovative Companies 2014, Breaking Through Is Hard to Do: “Innovating isn’t getting any easier. Nor any less important. Our ninth innovation report since 2005 finds that although innovation remains a top corporate priority, executives are feeling less confident in their innovation capabilities. It’s no longer enough to be good at incremental innovation. Multiple factors are raising the bar and—in the eyes of business leaders—increasing the need for breakthrough innovations. But very few companies are prepared to break through. This year’s report concentrates on what separates breakthrough innovators from the rest. It also spotlights a troubling digital disconnect. And, of course, it presents our 2014 list of the 50 most innovative companies.
Companies specializing in digital technologies dominate the list of most innovative companies. But only about a third of all executives projected that big data and mobile would have a significant impact on innovation in their industries over the next three to five years. Even fewer are actually investing in these areas.”
[From the report:
Brazil, Russia, India, and China—currently generate more than 20 percent of their sales from new products and services created within the past three years.
Almost half of breakthrough innovators report that they have generated more than 30 percent of sales from innovations that occurred in the prior three years—more than twice the average for all companies
Software is the only industry in which a majority of respondents see big data as having a significant impact on innovation. Telecommunications is the only sector in which a majority of respondents cited mobile as important to medium-term innovation. In both industries, however, significantly less than half of respondents said that their companies are targeting these technologies in their innovation programs.

For my Data Analyzing students.
Getting big impact from big data
The world has become excited about big data and advanced analytics not just because the data are big but also because the potential for impact is big. Our colleagues at the McKinsey Global Institute (MGI) caught many people’s attention several years ago when they estimated that retailers exploiting data analytics at scale across their organizations could increase their operating margins by more than 60 percent and that the US healthcare sector could reduce costs by 8 percent through data-analytics efficiency and quality improvements.1
Unfortunately, achieving the level of impact MGI foresaw has proved difficult.

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