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January 26, 2018

Interesting Digital & Data Future Quotes

by Ravi Kalakota

As the lines between what is real and what is digital blur,  here are some quotable quotes related to data, analytics, cloud and mixed reality, i have come across.  Feel free to use them to illustrate your point as you race to future-proof and build an organization that can learn as quickly as possible.

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“The world of your children will be as alien to you, as the world you grew up in was to your great grandparents.” – Quantumrum

“Our intuition about the future is linear. But the reality of information technology is exponential, and that makes a profound difference. If I take 30 steps linearly, I get to 30. If I take 30 steps exponentially, I get to a billion.”  — Ray Kurzweil

“You feel it in your workplace. You feel it when you talk to your kids. You can’t miss it when you read the newspapers or watch the news. Our lives are being transformed in so many realms all at once – and it is dizzying.”  —   Thomas Friedman 

“Not everything that can be counted counts, and not everything that counts can be counted”       –  Albert Einstein

“In God we trust. All others must bring data.”       – W. Edwards Deming

Torture the data, and it will confess to anything.    — Ronald Coase

“Data is the new oil. It’s valuable, but if unrefined it cannot really be used. It has to be changed into gas, plastic, chemicals, etc to create a valuable entity that drives profitable activity; so must data be broken down, analyzed for it to have value.”  – Clive Humby, UK Mathematician and architect of Tesco’s Clubcard, 2006

“Bots are the new apps. People-to-people conversations, people-to-digital assistants, people-to-bots and even digital assistants-to-bots. That’s the world you’re going to get to see in the years to come.”  – Satya Nadella,  CEO Microsoft

“Big data is like teenage sex: everyone talks about it, nobody really knows how to do it, everyone thinks everyone else is doing it, so everyone claims they are doing it.”    Dan Ariely

“We’re moving from people telling machines what to do, to machines telling people what to do.” Bill Ruh, CEO GE Digital.

“Research suggests that as many as 45 percent of the activities individuals are paid to perform can be automated by adapting currently demonstrated technologies. In the United States, these activities represent about $2 trillion in annual wages.” – McKinsey’s Michael Chiu

“AI will be travel’s next big thing.”   –  Barry Diller, Chairman Expedia Inc.

Data is the Next Intel Inside   –  Unknown

Information is the oil of the 21st century, and Data analytics is the combustion engine. –  Peter Sondergaard, Gartner

You can have data without information, but you cannot have information without data. –  Unknown

Data matures like wine, applications like fish.  –  Unknown

If we have data, let’s look at data. If all we have are opinions, let’s go with mine.  –  Unknown

“High performers are five times more likely to aggressively use information and analytics to improve decision making and business performance than lower performers”   –  Unknown

“Companies that invest heavily in advanced analytical capabilities outperform the S&P 500 on average by 64%”   –  Unknown

Companies that invest heavily in developing analytical skills and adopting an analytical mindset recover quicker from economic downturns    –  Unknown

For most companies, data remains an underused and underappreciated asset.  90% of  companies having invested in reporting, BI and analytics technology solutions are
not achieving the desired goals.   –  Unknown

Change is the law of life. And those who look only to the past or present are certain to miss the future. — John F. Kennedy 

“Real omnichannel requires making the customer the focus, no matter what the channel is.” Forbes

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