Extra-condensed knowledge

It’s hard enough to create a data-driven culture, compete on analytics, develop data-driven products and services, and so forth under normal business conditions.

Doing it while your business and industry are transforming — the old line of changing out a jet engine while the plane is flying through turbulence at 35,000 feet — is really tough.
Parexel International, one of the world’s leading clinical research organizations, is attempting to take an aggressive approach to artificial intelligence.

The industry changes that Parexel and its competitors are experiencing are dizzying.
Parexel International has been in business for more than 35 years.
They are using data, analytics, and AI not only to keep up with industry changes but to get ahead of and shape the transformation of biopharmaceutical and clinical research for the benefit of patients around the world.

Genioux knowledge fact condensed as an image

Condensed knowledge

CONTEXT

"genioux facts", the online programme on MASTERING “THE BIG PICTURE OF THE DIGITAL AGE”, builds The Golden Knowledge Path (GKPath) to accelerate everyone's success in the digital age.

The inverted mini pyramid of knowledge that is essential to travel on the Golden Knowledge Path ("GKPath") highway.

g-f(2)256 The Big Picture of the Digital Age (5/2/2021), geniouxfacts, The fundamental knowledge mini-pyramid for traveling on the "GKPath" highway.

g-f(2)261 The Big Picture of the Digital Age (5/5/2021), geniouxfacts, You are unique. Grow without limits in the digital age.
g-f(2)257 The Big Picture of the Digital Age (5/3/2021), geniouxfacts, At any moment you take the fastest path (GKPath) to your greatness.
g-f(2)254 The Big Picture of the Digital Age (5/1/2021), geniouxfacts, The Golden Knowledge Path (GKPath) to accelerate everyone's success.
g-f(2)260 The Big Picture of the Digital Age (5/4/2021), geniouxfacts, Alerts, Warnings and Relevant Lessons Learned Traveling at High Speed on GKPath.

It’s hard enough to create a data-driven culture, compete on analytics, develop data-driven products and services, and so forth under normal business conditions.
- g-f(2)153 The Big Picture of Business Artificial Intelligence (3/3/2021) in a Single “g-f KBP” Chart
- g-f(2)168 THE BIG PICTURE OF BUSINESS ARTIFICIAL INTELLIGENCE (3/14/2021), MIT SMR, Why So Many Data Science Projects Fail to Deliver.
- g-f(2)4 Companies need to identify the type of talent they need in order to become data-driven
- g-f(2)178 THE BIG PICTURE OF BUSINESS ARTIFICIAL INTELLIGENCE (3/24/2021), MIT SMR, How HR Leaders Are Preparing for the AI-Enabled Workforce.
- g-f(2)111 THE BIG PICTURE OF THE DIGITAL AGE, HBR, Why Is It So Hard to Become a Data-Driven Company?
- g-f(2)34 MIT SMR: Why Chief Data Officers (CDO) Must Assume Leadership for Data Success
- g-f(2)28 Latest Golden Knowledge Containers at MIT SMR, 7/12/2020
- Doing it while your business and industry are transforming — the old line of changing out a jet engine while the plane is flying through turbulence at 35,000 feet — is really tough.
- Parexel International, one of the world’s leading clinical research organizations, is attempting to take an aggressive approach to artificial intelligence.

Category 2: The Big Picture of the Digital Age

[genioux fact deduced or extracted from MIT SMR]

This is a “genioux fact fast solution.”

Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).

Type of validity of the "genioux fact".

Inherited from sources + Supported by the knowledge of one or more experts + Supported by research.

Authors of the genioux fact

Fernando Machuca

References

Embracing AI When Your Industry Is in Flux, Thomas H. Davenport and Randy Bean, May 5, 2021, MIT Sloan Management Review, MIT SMR.

ABOUT THE AUTHORS

Thomas H. Davenport (@tdav) is the President’s Distinguished Professor of Information Technology and Management at Babson College, a visiting professor at Oxford’s Saïd Business School, and a fellow of the MIT Initiative on the Digital Economy. Randy Bean (@randybeannvp) is an industry thought leader, author, and CEO of NewVantage Partners, a strategic advisory and management consulting firm that he founded in 2001. He is the author of the forthcoming book Fail Fast, Learn Faster: Lessons in Data-Driven Leadership in an Age of Disruption, Big Data, and AI, which will be published by Wiley in August 2021.

Extracted from Wikipedia

Thomas Hayes "Tom" Davenport, Jr. (born October 17, 1954) is an American academic and author specializing in analytics, business process innovation, knowledge management, and artificial intelligence. He is currently the President’s Distinguished Professor in Information Technology and Management at Babson College, a Fellow of the MIT Initiative on the Digital Economy, Co-founder of the International Institute for Analytics, and a Senior Advisor to Deloitte Analytics.

Davenport has written, coauthored, or edited twenty books, including the first books on analytical competition, business process reengineering and achieving value from enterprise systems, and the best seller, Working Knowledge (with Larry Prusak) (Davenport & Prusak 2000), on knowledge management. He has written more than one hundred articles for such publications as Harvard Business Review, MIT Sloan Management Review, California Management Review, the Financial Times, and many other publications. Davenport has also been a columnist for The Wall Street Journal, CIO, InformationWeek, and Forbes magazines.