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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. Who’s Afraid of Data-Driven Management?

Hotels 8
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Where Open Innovation Stumbles

Harvard Business Review

Every year, FVA conducts an industry-wide technology search to identify new and emerging solutions, and it shares the results as a service to its member companies. And although he seriously doubted it could work in a field as specialized as drive-train technology, he was willing to find out. It might not actually work.

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How an NBA Team Thinks About Data, Talent, and Pricing

Harvard Business Review

We’ve hit a point of acceleration in video and wearable technologies that provide us with information that we’ve never had in the past about how to optimize player performance. We talk about things like yield management, demand curves, and perishable inventory — factors that dictate our pricing strategies.

Price 8
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Five Good Reasons to Champion Auto-Analytics in Your Organization

Harvard Business Review

Below are five pointers to frame and guide the conversation for technology geeks and practitioners to champion the use of auto-analytics in their businesses: Auto-analytics can be understood within the tradition of scientific management. Management science has its roots in experimentation and productivity improvement.