COVID-19, the new normal and need for Analytics
COVID-19 is dramatically changing the way we do things, relate, think about people/organisations/products/etc and this is what curve and shape the 'new normal'. Believe it or not, it is not going to be business as usual.
Is it bad is it good. The changes are a double edged sword, depending on what one does now- whether as an individual or corporate you can either make the best of the opportunities the new normal presents, or you will be out of business and/ or livelihood.
What is need is to understand what is happening now, how that affect your stream of income, your business model. This is no easy task, data scientist come in very handy. As a business you generate a lot of data, other businesses too, the interaction and behaviour of all economic agents (people, business, government, etc) generate critical data in the process. You may have heard about BIG DATA, this is it. A lot of techniques are available since as machine learning, to get sense out of the loads of data.
As we get used to lock down, let us reflect on these issues and be strategic in our planning. Get that analytical view of the world around you!
Is it bad is it good. The changes are a double edged sword, depending on what one does now- whether as an individual or corporate you can either make the best of the opportunities the new normal presents, or you will be out of business and/ or livelihood.
What is need is to understand what is happening now, how that affect your stream of income, your business model. This is no easy task, data scientist come in very handy. As a business you generate a lot of data, other businesses too, the interaction and behaviour of all economic agents (people, business, government, etc) generate critical data in the process. You may have heard about BIG DATA, this is it. A lot of techniques are available since as machine learning, to get sense out of the loads of data.
As we get used to lock down, let us reflect on these issues and be strategic in our planning. Get that analytical view of the world around you!