article thumbnail

Learn from Your Analytics Failures

Harvard Business Review

In pre-Big Data days, for example, a hotel chain used some pretty sophisticated mathematics, data mining, and time series analysis to coordinate its yield management pricing and promotion efforts. For the most part, local managers followed the yield management rules. The forensics took weeks; the data were fine.

Hotels 10
article thumbnail

Learn from Your Analytics Failures

Harvard Business Review

In pre-Big Data days, for example, a hotel chain used some pretty sophisticated mathematics, data mining, and time series analysis to coordinate its yield management pricing and promotion efforts. For the most part, local managers followed the yield management rules. The forensics took weeks; the data were fine.

Hotels 8
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Where Open Innovation Stumbles

Harvard Business Review

A recent project we did for FVA, a branch of the German trade association VDMA for companies that provide drive-train systems and components, bears this out. Managers know this means they must manage expectations and shift mindsets to appreciate the case for change.

article thumbnail

Five Good Reasons to Champion Auto-Analytics in Your Organization

Harvard Business Review

However, using personal data (emails, calendars, etc) and spreadsheets, some practitioners are developing personal yield management tools. Physiological systems" experiments. How do changes in nutrition, fitness, or sleep affect your job performance and productivity?