APC Forum: Harvesting Digital Data Streams

The Advanced Practices Council (APC) of SIM commissioned two academic researchers (Gabe Piccoli and Federico Pigni) to help members learn how best to leverage the digital data streams being created every day, both inside and outside their firms, to provide greater value to customers and their firms. Piccoli and Pigni presented their findings at the May 2012 APC meeting. A key element of their presentation centered on five value creation archetypes for harvesting digital data streams (DDS): DDS generation, DDS aggregation, DDS-based service, efficiency and analytics. APC members left with a useful way to think about DDS as well as specific examples for doing so.1 At the next APC meeting in October 2012, APC members shared their own examples of harvesting DDS, some of which came about directly from the presentation and discussion in May. In the following sections, we share some of those examples.