Thomas H. Davenport

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.

For other people named Thomas Davenport, see Thomas Davenport (disambiguation).
Thomas H. Davenport
Born (1954-10-17) October 17, 1954
Alma materHarvard University
Scientific career
InstitutionsBabson College
ThesisVirtuous Pagans: Unreligious People in America (1980)
Websitewww.tomdavenport.com

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.

In 2003, Davenport was named one of the world’s 'Top 25 Consultants' by Consulting magazine, and in 2005 was named one of the world’s top three analysts of business and technology by readers of Optimize magazine. In 2012 he was named one of the world's "Top 50 Business School Professors" by Poets and Quants and Fortune Magazine.

One of his most popular books (coauthored with Jeanne Harris), Competing on Analytics: The New Science of Winning (Davenport, Harris & 2007; revised and updated in 2017), provides guidelines for basing competitive strategies on the analysis of business data, and highlights several firms that do so.

One of his sons, Hayes Davenport, is a television comedy writer and podcaster living in Los Angeles.[1] His other son, Chase Davenport, makes surfboards and researches artificial intelligence in San Francisco. [2]

Analytics 3.0

Writing for the Harvard Business Review,[3] Davenport provides a summary of the three analytics maturity levels of any organization. Analytics 1.0 organizations are those where management has acquired the ability to rely on internal data for decision making, rather than mere intuition. However, these organizations still rely on systems and processes that are inefficient, requiring an extraordinary amount of time to enable analysis to take place. Analytics 2.0 companies combine internal data with externally sourced data, offering predictive capabilities. Davenport notes that this “big data” evolution was predominantly driven by Internet firms with capabilities to work with large amounts of data.

According to Davenport, we now find ourselves in the third analytics era where companies of any industry are increasingly “competing on analytics”. The premise is that the many activities an Analytics 3.0 firm might conduct generate data trails that can be collected and subsequently analyzed. These datasets can then be used to create and capture incremental value by providing the necessary input for much more accurate decision making. But more significantly, such analytics capabilities are now a fundamental driver in the creation of increasingly valuable products and services. Indeed, Davenport argues that in many instances analytical power is now built into the product and service itself.

Bibliography (partial)
  • Davenport, Tom (2008). "Enterprise 2.0: The New, New Knowledge Management?". Harvard Business Online, Feb. 19, 2008. Archived from the original on 2013-01-03.
  • Davenport, Thomas H.; Harris, Jeanne G. (2017) [2007]. Competing on Analytics: The New Science of Winning. Harvard Business School Press. p. 240. ISBN 1-4221-0332-3.
  • Davenport, Thomas H.; Leibold, M.; Voelpel, S. (2006). Strategic management in the innovation economy. Strategy approaches and tools for dynamic innovation capabilities. Wiley. pp. 441. ISBN 3-8957-8263-7.
  • Davenport, T. H. (2005). Thinking for a Living: How to Get Better Performance and Results from Knowledge Workers. Harvard Business School Press. ISBN 1591394236.
  • Davenport, T. H.; Beck, J. C. (2001). The Attention Economy: Understanding the New Currency of Business. Harvard Business School Press. ISBN 1-57851-441-X.
  • Davenport, Thomas H.; Prusak, Laurence (2000). Working Knowledge: How Organizations Manage What they Know. Harvard Business School Press. pp. 240. ISBN 1-57851-301-4.
  • Davenport, Thomas H.; Prusak, Laurence (1997). Information Ecology. Oxford University Press. p. 288. ISBN 0-19-511168-0.

See also

References
  1. https://www.stitcher.com/podcast/hollywood-handbook-pro-version/e/53783254
  2. https://hbr.org/2019/01/the-future-of-ai-will-be-about-less-data-not-more
  3. Davenport, Thomas H. (2013-12-01). "Analytics 3.0". Harvard Business Review (December 2013). ISSN 0017-8012. Retrieved 2020-09-23.
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