Micheal Porter’s Five Forces is a model of the large influences of a business. This model has influenced business thinking for decades. Frameworks like this are useful in abstracting complex subjects and organizing thoughts. In honor of Micheal Porter, here are the large influences or ‘forces’ that influence advanced analytics. You must account for these in developing your enterprise strategy and operational goals.
1) Data Quality
2) Ethical judgement and practice
3) Computing Power
4) Organizational Adoption
5) Social Adoption
6) Intellectual capital
7) Cognitive decision-making
I will elaborate on these in future posts. I invite readers to comment. The exercise is as much about a framework for discussion as the content itself. A framework never tells the whole story.