Maastricht UniversityIM Session 43.1 MANAGERIAL CHALLENGES RELATING TO SENIOR MANAGEMENT MUTING THE HiPPOsHiPPO: highest-paid person’s opnion• one of most crucial aspect of big data is impact on how decisions are made companies oftenmake most important decisions by relying on HiPPO• for big data decisions, firms need to start relying more on data, less on experienceNEW ROLES • domain expertise remains critical but the role will shift experts will not be valuable because ofHiPPO-style answers but because they know which questions to ask 3.2 FIVE MANAGEMENT CHALLENGES 1) LEADERSHIP • big data’s power still must have great leaders who can spot opportunity, understand market, thinkcreatively etc while changing the way organisations make decisions 2) TALENT MANAGEMENT • as data becomes cheaper, the complements to data become more valuable most crucial: datascientists and other professionals skilled at working with large quantities of information + cleaning oflarge data sets + visualisation tools and techniques 3) TECHNOLOGY • tools available to handle the volume, velocity and variety of big data
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