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You're reading from  The Economics of Data, Analytics, and Digital Transformation

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Published inNov 2020
PublisherPackt
ISBN-139781800561410
Edition1st Edition
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Data Analysis
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Author (1)
Bill Schmarzo
Bill Schmarzo
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Bill Schmarzo

Bill Schmarzo, The Dean of Big Data is a University of San Francisco School of Management Executive Fellow and an Honorary Professor at the School of Business and Economics at the National University of Ireland-Galway where he teaches and mentors students in his courses “Big Data MBA” and “Thinking Like a Data Scientist". He is the author of Big Data: Understanding How Data Powers Big Business, Big Data MBA: Driving Business Strategies with Data Science, and The Art of Thinking Like a Data Scientist. He has written countless whitepapers, articles and blogs, and given keynote presentations and university lectures on the topics of data science, artificial intelligence/machine learning, data economics, design thinking and team empowerment.
Read more about Bill Schmarzo

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Case Study #2: Tesla Autonomous Vehicles

"If you buy a Tesla today, I believe you're buying an appreciating asset, not a depreciating asset."

– Elon Musk

Think about that statement for a second… you're buying an appreciating asset, not a depreciating asset. Wait, according to Generally Accepted Accounting Principles (GAAP), assets depreciate not appreciate. So, what is causing this asset to appreciate, not depreciate, in value? It's likely courtesy of Tesla's FSD AI-based Autopilot brain (a composable, reusable, continuously learning analytic module). Tesla cars become "smarter" and consequently more valuable with every mile that each of the 600,000+ FSD Autopilot-equipped Tesla cars are driven.

Elon Musk's statement that Tesla autonomous cars appreciate in value (that is, they become more valuable) is a result of the collective knowledge/wisdom/intelligence gleaned from the operational and driving data that is...

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The Economics of Data, Analytics, and Digital Transformation
Published in: Nov 2020Publisher: PacktISBN-13: 9781800561410
© 2020 Packt Publishing Limited All Rights Reserved

Author (1)

author image
Bill Schmarzo

Bill Schmarzo, The Dean of Big Data is a University of San Francisco School of Management Executive Fellow and an Honorary Professor at the School of Business and Economics at the National University of Ireland-Galway where he teaches and mentors students in his courses “Big Data MBA” and “Thinking Like a Data Scientist". He is the author of Big Data: Understanding How Data Powers Big Business, Big Data MBA: Driving Business Strategies with Data Science, and The Art of Thinking Like a Data Scientist. He has written countless whitepapers, articles and blogs, and given keynote presentations and university lectures on the topics of data science, artificial intelligence/machine learning, data economics, design thinking and team empowerment.
Read more about Bill Schmarzo

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