Philip Evans: How data will transform business

[@chapp3355]

The content is great for those with a business background. Perhaps the speaker overloads the audience with business jargon, but what he's basically saying is "we are now able to collect data from cross-horizontal industries to make more informed decisions. And it will change the world."

[@itsmejessicajean]

thank you lol

[@malaysiaszsz.hiphop_repres6278]

harvard sucks on machine learning

[@sund5]

THANKS!

[@frankservant5754]

i agree

[@규정-g4i]

1. Economies of scale and Porter's value chain are less important due to widespread data availability. 2. Technological advances in data sharing enable small firms to compete, leveling the competitive field. 3. The information economy is highlighting the challenge of balancing “richness and reach” in business operations. 4. With data richness and reach, companies can no longer rely solely on economies of scale. 5. Analyzing and using vast amounts of data will be crucial for future business success. 1. Economies of Scale - 규모의 경제 2. Value Chain - 가치 사슬 3. Data Proliferation - 데이터 확산 4. Competitive Advantage - 경쟁 우위 5. Big Data Analytics - 빅 데이터 분석 강연을 통해 데이터의 확산이 기업 전략에 미치는 영향에 알게 되었다. 특히, 데이터 분석 능력이 작은 기업들도 경쟁력을 갖추게 하여 시장의 경쟁 구조를 평준화시킨다는 사실이 기억에 제일 남았다. “The ability to analyze data will be a key factor in future business success.”

[@chaosjacky]

I'd like to be able to make sentences with such rich vocabulary as easy as he does.

[@rmalshe]

+chaosjacky It is not hard actually. You should join what is called - Toastmaster's club and practice as much as possible. Then over the coming years, you should write as much as you can and speak those sentences to yourself and to other people. Gradually, it would happen that you can make your jargon full of more complex words. On the other hand, I would inspire you to think about this: If you are able to describe a complex topic in simple words, you are a genius. According to Albert Einstein, if you couldn't tell about your ideas to someone in five minutes, you have not understood your subject well.

[@chrs_tub3203]

@@rmalshe Def agree! Often we focus to much on explaining things interesting and not on explaining interesting things simple! That's it!

[@illuminated2438]

Actually you should not desire that. It's the opposite of good and effective speech. But it's great if you are attempting to intimidate people into believing your lies and nonsense.

[@keifer7813]

@@illuminated2438 Or maybe it's simply having access to a wider vocabulary so you can express what you mean better.

[@Americanheld]

8 years later, he is spot on. Very insightful.

[@mazen90]

this man would get 9 in IELTS exam :D

[@igorsavchenko5444]

He writes the exam

[@karenkavin8054]

Beneath two topics Evans discusses a key element that is changing how businesses look at and form strategies to progress - DATA. We are in the land of Data. Everything we do is about collecting Data, forming strategies around that Data and making business decisions and conclusions around the Data.

[@subtlethingsinlife]

I request another TEDxTalk do demystify the talk . I was overwhelmed by the circuitous speaking technique . Wasn't able to understand much of what was said .

[@bocskaicsaba4925]

The essence is that: here's another beautiful promise based on technology (remember when they said we will work less because machines will do our jobs?). And big companies will continue to rule politics (equal the world) using big data generated by small companies. And maybe, lots of evil scientists will do mad things at very low cost. It's similar to eating (our) money for cancer research while a healthy life could prevent most mutations.

[@yissssss]

We *do* work less because machines do our job.

[@illuminated2438]

That's the entire point. Academics are professional at making their empty propaganda sound like something worthwhile. They intentionally confuse so that the uneducated masses will bow to them out of deference to their " superior" intellect amd hyper-rational methods. Fortunately this guy is ultimately a dinosaur.

[@delphizou221]

One of the most brilliant talk I’ve ever seen in TED

[@keillharrison2704]

The way Evans presents himself and communicates is highly engaging. 10/10.

[@maisarahibrahim9726]

i can hear my 2 remaining brain cells wailing, trying to comprehend his english

[@alifasl533]

same haha

[@anananwar]

This is a fascinating talk if you are able to follow it. Unfortunate for many the auto response for unfamiliar jargon is "don't understand, must be bull shit!"

[@MoerreNoseshine]

So what about people like you who resort to claiming people who disagree simply don't understand (meaning they are stupid)? No, this isn't "BS", true - but it is "empty". Fake knowledge. It feels like knowledge but when you eat it your hunger (for knowledge) is not going to be satisfied at all. Tofu knowledge. How do you want me to call YOU should you (inevitably) disagree with me? Would you prefer if I said "Fair enough, I did not convince you", or do you think it better when I say "You are just not smart enough to get my point"?

[@MoerreNoseshine]

mahujanet I have no idea why you say that. He wrote "Unfortunate for many the auto response for unfamiliar jargon is "don't understand, must be bull shit!"" so obviously I'm not "barking up the wrong tree". Not to mention the condescending "This is a fascinating talk if you are able to follow it", implying that if you don't like it it's because you are too stupid to follow it. Thank you for your kind consideration. Maybe YOU should have looked at what he actually wrote before telling ME what to do.

[@franciscussteiner5661]

mahujanet No, he points out the error of the argument perfectly. You defend very bad behavior.

[@shway1]

it's not complicated at all. this could have been a 5min talk

[@notgerheinz]

Right you are. A lot of mumbo jumbo with a bit of shaky predictions and there you are with a nicely sold renaissance of business strategy. If you think this through, there are a lot of holes and imprecisions in that. And all that grand splendor of words is derived from a few examples, whose analytical framework does not get questioned. And as far as I know, all these oh-so-horizontal companies still form huge, integrated companies and the military is not horizontal yet either. So I see no real horizontal movement here. And I do not see a reason, why more data should be inherently better than well selected data.

[@heymelvs8257]

I watched this for so many times now but I couldn't still formulate my understanding about his talks.

[@BluffaloSoldier]

Unlike most TedTalks, this is not for a general audience. It is for executives, very educated entrepreneurs, and business scholars. For that audience, it is a brilliant talk. For everybody else, it is gobbledygook.

[@maroussiavlody6085]

My brain is literally smocking....but this is brillant and I never apprehended data this way, this is so interesting !

[@mihirm3632]

Extraordinary! Everyone should see this, the pillars of the world are shaking.

[@zalmangrifkin5565]

This speech was very unTED-like. The speech was a large amount of words with a very small amount of actual ideas and practical information conveyed to the audience. Seems like head-talk to me.

[@salesandmarketing313]

+Schneur Grifkin Data analytics is the key to successful marketing, particularly for good segmentation and pin pointing needs to serve.

[@debashishbramha]

Absolutely Brilliant.

[@beat3481]

He's just genius, best TED video I've ever seen. Great delivery of Data Matter

[@crawfordviolin]

Basically, his point is that business strategy has to change because the internet offers a new environment in which business has to operate. I think that this is pretty obvious and his talk is jargony and pretty boring.

[@CodyCzar1]

As a business major this was very insightful.

[@alexeykashpey4103]

Good speach, but a lot of statements need certain clarification/explanantion as they aren't dogma. Prima facie, nice to hear a new way of thinking, especially from BCG

[@AnnaliesaRose]

Very nice indeedy! Such an informative speech!

[@beat3481]

Hi

[@thaleskroth]

Very interesting is the approach of Me. Phillip Evans with an example of what changes have transformed the access of technology and which businesses have undergone major changes over the years.

[@MedEighty]

All you had to say was knowledge is power and data is the raw material for creating knowledge.

[@HelixClovers]

Exactly how Doritos gets its Super Bowl commercials.

[@AnnaliesaRose]

Very nice indeedy! Thanks 4 such an informative speech!

[@trailblazingfive]

wow, so insightful, thank you Sir!

[@erikvanvelzen]

He should make his talk less abstract by working out his examples a bit more and linking the abstract concepts to events that happened or will happen. Especially what the "transaction cost" are in businesses is something I don't understand. Wikipedia Britannica is a great example but how does that translate to other businesses?

[@Jayremy89]

I could only follow the genome part with full attention because the image and value of it was quite blatant and not something that seems directed towards upper business managers/planners.

[@ekbroker]

In my opinion his initial assumption about transaction costs having decreased is fundamentally wrong. The abundance of data, computers and mobile devices has led to a situation where people get increasingly lost in these huge amounts of data, emails and information. Even intuitively we can comprehend this from everyday work situations: don't you feel that real (valid) communications and quick access to the necessary information has become more and more difficult within the last ten years? Managers have realized that they need to put away their "technology" and engage a lot more in face to face (not skype) communication in order to be good and effective leaders. He does make some valid point though that managers in the economy have to adapt to this new situation and include it in their decision making processes which at a large level is the business strategy. Businesses have to identify, analyze and adapt themselves to the new situation (where necessary) in order to survive in the market. Some big businesses did not do this as well as others and have thus vanished while others flourished. That does not mean that the theory of economies of scale are suddenly wrong. In concusion I think that Mr. Evans neither makes a valid point nor does he contribute to economic theory!

[@luvju85]

I agree with you. Thank you

[@Laughing_Chinaman]

90% sure this is a re-upload

[@Martial-Mat]

I'm concerned that Evans' concluding take away point was "makes strategy interesting again", as though business were sitting around bored by the already incredibly difficult job of making money. I think I'd have found this talk more interesting if he'd compressed the introduction, and discussed more examples of precisely HOW businesses are supposed to interact, or for that matter how a business can dis-intermediate competitors at various points of the value chain. The talk was too fast, and too jargon laden for my taste.

[@shway1]

he gave an example about casino security but they cut that part out...hmm archive.org/details/PhilipEvans_2013S

[@olympicus47]

please start making sense, as in: use words with their usual meaning or if not define your terms

[@epiawaken5346]

Advice, Watch this in 0.75x speed.

[@irisryu6437]

Don't know why this sort of talks still sell with the late economic crisis around the world.

[@tuverakingarthurb.2728]

For a video that happened last 6 years wherein it is 2020 now, makes what he said more credible and what is surely happening right now. . . . . Sorry for bad grammar

[@leallucas]

This explain why distribution corps. grow side by side with internet... and why so many industries have desappear. Like netflix VS Blockbuster

[@snehalbhartiya6724]

can he post the abstract ? Even the people were blank there.

[@rmckz8]

Big Data = Big # of spurious correlations!

[@SuperCheekySlut]

This is true. Surprising that no one else has mentioned this here.

[@NesN_T]

Увеличение шаблонов поведения, говорит о переходе бизнеса, на новые позиции, и уход из старых, а не о разнообразии. В данный момент инет бизнесс монополизируется.

[@AdvocateOfJamaica]

My first thought was that this is a man who likes to hear himself talk, and judging from the comments I'm not the only person that thinks so.

[@WizVoin]

Getting a degree in applied technology is starting to sound more worth it.

[@smokestacks2033]

The idea and concept is very vague as there are already on going process and modules. It's not new or rocket science. I have wasted that amount of time on complete rubbish words when it can be explained in 3 minutes. He could have simplify it down. He didn't even give solution to a problem, but rather how useful information are therefore useful for this etc etc

[@billygabrielracho8710]

True I was waiting for a solution

[@chrisguevara]

Let me see if I can summarize: Cooperation is the future because technology eliminates basic assumptions of business models.

[@Martial-Mat]

Not necessarily cooperation. but a different understanding of the entirety of your business, and a recognition that different parts of it may operate most efficiently following different business models to each other, rather than a one size fits all approach across the whole business.

[@mysundrop]

That's right say words

[@Funlikalibra]

mysundrop 😂

[@itsmejessicajean]

lmao!

[@darshansurersh2618]

Very good speech

[@SendyTheEndless]

One thing, since we automatically own the copyright on our own data, can we have it back please? Or at least get paid for it? And if taking the data is payment in kind for free services like Google, can we stop calling them "free" and state clearly and in plain language that signing up to the service you're effectively giving away this stuff.

[@leefairguy9797]

www.google.com/intl/en/policies/terms/

[@SendyTheEndless]

Jaska Jokumies Right, but it goes deeper than that, and it's not just Google. Companies are acting like it's a free-for-all for people data, because people are uneducated about the value of their own data and their rights. It seems a bit to me like when Napster came out, and everyone was grabbing free music.

[@kapsyzer]

Ads free video ... Thank you.

[@SS-dh5nt]

Brilliantly Sounding Big Datalicious British Colonial Dataology

[@Apvatar3000]

This planet's every information in every living thing and non living things have to be digitized to create a future digital planet-only then when this can be accomplished can human species truly say ' data is transforming our human species.'

[@alifasl533]

this talk reminded me the game called "Metal gear solid"

[@vuufke4327]

I'm convinced, he's a talking machine

[@evelynduncan8768]

Thank you!

[@duncanboard9452]

So I watched this only to find myself thinking of companies like Palantir, investment funds like ARKG, cybersecurity stocks...glad I'm invested 😃

[@AufBerghofNAM]

an utter failure in communication, i am afraid. this is the hurdle that the analyst position in business, today, is about - learning to communicate. would of love to studied under Philip, certainly would have been an honor. but i've had to watch this a dozen times in order to be capable of relaying the message (often, a deliberate reaction by genius to TED time limitations). (FullDisc: involved in data). inbox me for a link to the summary or reply on here

[@JosephCho8183]

It is 7 years ago. How much am I behind?

[@PaulJagerEngineering]

Aye! How did they sit through that?

[@FrancineBraese]

Brilliant. He articulated something I've been seeing for a long time now but never quite put my finger on

[@pottanatgeorge]

I'ms sure Jeff Bezos and Amazon drive their business model on this principle as well. Why haven't I see this sooner!? We are seeing this right now (2020) in the business world.

[@beat3481]

You're on the go...

[@aleksandrasignatavicius6772]

amazing

[@derekjuniorkelly5719]

who is ted and how is data transformed to ted and how was it implemented

[@LeonidasGGG]

Sweet talk... No point intended. XP

[@sergiog2930]

Wow! Simply wow

[@Anon58933]

is anyone able to sum up what he's saying in simple English because i don't understand the point he is trying to make...

[@taknevydder]

I lost him at the 10th minute, to complex to understand

[@harishperumalla]

Nonsense & Jargon!

[@crokmoxxx8939]

hello from 2021

[@mementomori1701]

Hello from the other side 😉 It is now September 25, 2021 What a cold and busy night .

[@DiogoVKersting]

what's your point??

[@crawfordviolin]

If the genome can be mapped for $100, we have real issues. Just watch Gattaca...

[@crawfordviolin]

John Smith They don't have to understand all of the genome to discriminate while using it.

[@4G12]

crawfordviolin All this obsession with genetics is silly in the face of ignoring everything else. The field of epigenetics has has revealed that genes are only the base programs, expressed optimally only if the environment they are exposed to is optimal. To believe that genes are the be all and end all in a complete vacumn is complete nonsense, which the movie Gattaca also showed to be the case. Jerome spat the DNA Nazis in the face by achieving his dream.

[@crawfordviolin]

4G12 Again, you don't have to be correct in your understanding of one's biology to discriminate. Just look at Jim Crow....

[@alifasl533]

perfect

[@yosoys]

10 years later, big data yields no results 😂

[@DRINOMAN]

what the hell is he talking about?

[@vanmeetstalwar]

Almost 14 minutes and there wasn't an ounce of how data can build strategy. We all know that data can help in strategizing, but I was hoping for interesting insights and methodologies, rather all he did was just restate that premise. Complete waste of time - 13 mins and 57 seconds to be exact.

[@smokestacks2033]

Bought by Google .

[@punita1790]

The worst video ever, watched intial 3 mins 10 times, result: what the hack is he talking..science or military or business

[@snehalbhartiya6724]

*heck

[@adrianalmarines5540]

Huuuu laban BSOA HAHAHAHAHAHAHAHAHAHAHAHA

[@Deacyde]

This is Cryptocurrency in a nutshell... the future of networking starts with the connectivity of user's value of idea and information, Soon™.

[@jackyng9070]

Ji.

[@xspager]

What the f* he is talking about?

[@swagstering]

bruv this guy is using so much "double speak".

[@walidellhamdi]

(y)

[@beniciomoran6401]

The sudden ethiopia undeniably scatter because development summarily embarrass below a slim instruction. tiresome, knowing tom-tom