1. Great stuff on data-driven decision making in a new O’Reilly book by Carl Anderson (@LeapingLlamas), Creating the Data-Driven Organization. Very impressive overview of the many things that need to happen, and best practices for making them happen. Runs the gamut from getting & analyzing the data, to creating the right culture, to the psychology of decision-making. We’re delighted that our PepperSlice app is referenced (pages 187-188 and Figure 9-7).
2. Healthcare success story. “Data-driven decision making has improved patient outcomes in Intermountain’s cardiovascular medicine, endocrinology, surgery, obstetrics and care processes — while saving millions of dollars in procurement and in its the supply chain.”
3. What the C-Suite needs to understand about applied machine learning: 1) description, 2) prediction, 3) prescription. McKinsey’s executive guide to machine learning 1.0, 2.0, and 3.0.
5. Open innovation improves the odds of biotech product survival. Analysis by Deloitte’s Ralph Marcello shows the value of working together, sharing R&D data.