January 2015

Just Use a Pencil: Knowing How to Apply Big Data

[caption id="attachment_3011" align="aligncenter" width="300"] Jim Carey talks "Dancing With Big Data"[/caption] What do marketing, sales, finance, and IT professionals have in common? Apparently, we’re all really confused about big data. More specifically, how to use the vast amounts of data we have at our fingertips.   By (Wikipedia) definition, big data is “any collection of data sets so large or complex that it becomes difficult to process them using traditional data processing applications.” I had trouble processing that sentence.   Undoubtedly, big data is a pain point for most professionals; many have made it their personal mission to wrangle the beast. Jim Carey, adjunct professor at Northwestern University Medill IMC, is one marketer with such an attempt.   Carey, who specializes in data mining for B2B and B2C companies, led recent BMA Breakfast Seminar “Dancing With Big Data,” where he shared his insights and findings on what makes big data so…big, based on interviews with leading marketers and industry pros. Here’s...

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Lemonade Stands & Business Acumen at BMA Chicago

  Did you ever have a lemonade stand as a kid? As it turns out, that early business experience can help you succeed in your career as a communications professional.   As I learned at yesterday’s BMA Chicago luncheon with DePaul professors Ron Culp and Matt Ragas, having business acumen is one of the top criteria needed to be a successful marketing/communications pro. Ron and Matt discussed how in order to earn—and keep—a seat at the table and maximize your full value, communicators need to be able to speak the language and understand business goals, issues and trends.   The problem is that most communicators don't hold an MBA and didn't study business in college.     Ron and Matt offered the following tips to help you develop greater business acumen:   Understand Your Company’s Business Model. Transparency is key here. Make sure everyone on your team understands what drives your business. How does your company and clients make...

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