Innovations in Business & IT

The Digital Society & Modern Day Business

Introductory Data Analysis and Visualization

Integrating Data-Driven Approaches in Business

Learning Outcomes

The students will be able to:

explain the role of technology in business
have an understanding of tools and resources required for innovating business
understand the role of data in driving value and business processes
have a fair understanding of statistical analysis and data analytics for business
prepare analytical reports and visualizations for decision makers

Technology and Society: How Tech is Shaping Society and The Future
- Gartner Hype Cycle
Innovation Theories
Innovation Management
- Innovation Models
- Disruptive Innovation
- Evaluation of Innovation Models (KPIs)
- Qualitative & Quantitative Evaluation of Innovation Projects
  - Heuristic Ideation Technique (HIT) Matrix
  - Q-Sorting
  - Estimated Commercial Value (ECV); Net Present Value (NPV)
Decision Support Systems
- Decision Theory
- Decision Making Algorithms
  - Assignment Problem - Hungarian Method
  - Utility Theory
    - Von Neumann-Morgenstern Expected Utility Axioms
Technology in Business
- Cloud Computing
- FinTech
- Blockchain , Cryptocurrency, the Metaverse, and NFTs
- Artificial Intelligence & Data Science
Data and Data-Driven Analysis for Business : Tools and Resources to Drive Value
- DevOps & MLOps
  - Project Workflow & Data Pipelines
  - Version Control

Practical

The art of innovation | Guy Kawasaki | TEDxBerkeley - https://www.youtube.com/watch?v=Mtjatz9r-Vc
Innovation’s Nine Critical Success Factors - https://hbr.org/2011/07/innovations-9-critical-success
Disruption 2020: An Interview With Clayton M. Christensen - https://sloanreview.mit.edu/article/an-interview-with-clayton-m-christensen/
MLOps Principles - https://ml-ops.org/content/mlops-principles

Christensen, C. M. (2013). The innovator's dilemma: when new technologies cause great firms to fail. Harvard Business Review Press.
Schaufeld, Jerry. "Commercializing Innovation." Turning Technology Breakthroughs into Products. New York: Apress (2015).
Möhring, Monika Maria. Innovation in a high technology B2B context: Exploring supply networks, processes and management. Springer Science & Business, 2014.
Kraft, Christian. User experience innovation: User centered design that works. Apress, 2012.
Sonnenberg, Henrik, and Claus Sehested. Lean Innovation: A Fast Path from Knowledge to Value. Springer Berlin Heidelberg, 2011.
Maxwell, I. E. (2009). Managing sustainable innovation: The driver for global growth. Springer Science & Business Media.

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