Future Trends, Privacy and Managerial Considerations in Analytics - Impacts of Analytics in Organizations: An Overview

7 important questions on Future Trends, Privacy and Managerial Considerations in Analytics - Impacts of Analytics in Organizations: An Overview

List the impact of analytics on decision making

Micro and macro impacts, short term and long term impact
  • particular individuals
  • jobs
  • work structures
  • department and units within the organization
  • organizational structures     
  • entire industries
  • communities
  • society as a whole  

List the impact of analytics on other managerial tasks

It should free up managers and knowledge workers to do more challenging tasks
They gain more knowledge, experience and expertise and enhance the quality of their decision making

Describe new organizational units that are created because of analytics

Analytics department
BI department
data science department
new units within IT provides companies
They can spend more time on planning instead on putting out fires
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Identify other examples of analytics applications to redesign work space or team behavior

tbd

How is cognitive computing affecting industry structure?

The technology enables many cognitive tasks to be done by computers. The speed of change of speed is so radical that the likely impact on organizations and society is unpredictable.

Which jobs are most likely to change as a result of automation?

The job of middle manager: they mostly make routine decisions which can be fully automated.

Study "The Economist (Standage, 2016)" report mentioned in this section.What other impacts of automation did you find interesting?

tbd

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