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Spring/Summer 2014 Ow Big Is Big Data? Consider This: Meanwhile, Our Plans to Launch the College’S DEPAUL UNIVERSITY10 DRIEHAUS10 COLLEGE1 OF BUSINESS0 0 0101 1 1 01 01 0 0 1 101010 0 1 0 1 1 0 1 0 1 01010 0 1 0 01 1 1 0 0 1 IG DATA 0 1 B AR 0 0 1 0 HAT E T 1 1 1 1 W HE 0 1 1 01010101 B 0 0 0 0 1 01 U 1 0 1 0 0 0 1 1 1 1 0101 1010 1 S 0 1 0 0 0 01 10 0 I 1 1 1 10101010 1 N 0 1 0 10 10 0 1 0 0 1 10 1 1 0 0 1 0 1 0 0 E 0 1 1 1 1 1 0 S 0 1 1 0 1 0 0 0 0 1 1 1 S 1 1 1 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 O 1 1 0 0 0 1 1 0 1 0 0 0 1 1 0 P 1 0 1 0 0 1 1 1 1 1 P 1 0 0 0 0 0 1 0 0 0 0 0 1 1 1 O 1 1 0 1 1 0 0 1 1 0 0 0 0 0 1 1 R 1 1 0 1 1 0 0 1 0 1 1 1 0 0 0 T 1 0 0 1 0 1 1 1 1 1 1 U 0 0 0 0 0 0 1 0 1 0 1 0 1 1 N 1 0 1 0 1 1 0 0 1 0 0 0 1 0 1 I 1 0 1 0 T 0 1 1 1 1 0 0 1 1 0 0 I 1 0 E 0 1 1 0 S 1 0 ? 0 0 1 1 0 0 0 1 1 1 0 1 1 0 1 1 0 0 0 1 1 0 0 1 0 1 0 1 1 0 1 0 0 1 1 0 1 0 1 0 1 0 1 0 1 0 0 1 1 0 1 0 0 1 1 0 0 1 0 1 1 0 1 0 0 SPRING/SUMMER How Strong Is Your1 Alumni Network? | Warren Buffett’s Wisdom 1 2014 Meet Driehaus Fellow Bin0 Jiang | Faculty Research | ASK Mentors Pay It Forward 0 1 1 0 0 1 1 0 NOTES FROM THE DEAN Driehaus College of Business DePaul University Spring/Summer 2014 ow big is big data? Consider this: Meanwhile, our plans to launch the college’s EDITOR-IN-CHIEF before you finish reading this first doctoral degree also center on creating Robin Florzak Hcolumn, Google will process more a distinctive program for executives that EDITORIAL CONTRIBUTORS than 2 million searches, Web shoppers emphasizes analytical skills. Our Executive Christian Anderson will spend more than $272,000 online, Doctorate in Business Administration Robin Florzak Facebook users will share more than 684,000 degree is designed for business leaders Margaret Hoag Jennifer Leopoldt BY THE NUMBERS 2 COLLEGE NEWS 3 FACULTY FOCUS 5 posts, brands will attract at least 34,000 who want to master applied research Denise Mattson A look at where DePaul’s Students quiz Warren Buffett; Meet Bin Jiang, prolific Facebook “likes” and Twitter will host methods for tackling complex, big-picture Ovetta Sampson business alumni are scholarships expand for alumni scholar, dedicated 100,000 tweets. business issues. Visit the Kellstadt on the corporate ladder and grad students; b-school teacher and the college’s EDITORIAL BOARD This deluge of digital activity happens every website, kellstadt.depaul.edu, in the fall Karen Burgard and around the globe. rankings; DePaul’s new Qatar first Driehaus Fellow. minute of every day. It’s part of the expo- for updates on these new degrees. Dan Deli entrepreneurship alliance. Marilyn Ferdinand nential growth of data stored in public and Finally, the redesign of this publication Robin Florzak private—data that can now be measured was guided primarily by data gathered Christa Hinton Elizabeth Hollendoner FEATURE: in exabytes, or 1,000,000,000,000,000,000- from you, our alumni. In response to Tracy Krahl byte increments. your interests, we have expanded Jennifer Leopoldt BIG TRENDS IN BIG DATA 6 Timothy Lockyer Hidden in this sea of data is a treasure Business Exchange (formerly Commerce Big data means big business for those who can mine Charles Naquin trove of competitive intelligence for busi- Exchange) by adding new features that Tim Opiela mountains of digital information to unearth insights about nesses. For organizations able to analyze will help you stay engaged with DePaul’s Rob Ryan consumers, organizational strategies and more. Business Ovetta Sampson Exchange explores four emerging big data trends and interpret it effectively, big data can yield business school and its robust alumni Mark Sullivan from the perspectives of alumni, faculty and experts in Joel Whalen deep insights about customers, suppliers, network. The new publication explores this burgeoning field. employees and market trends that have major business trends through the DESIGN the potential to drive innovation, boost thought leadership of alumni, faculty and Joy Stauber, Stauber Design Studio productivity and fuel growth. However, big industry experts. We’ll spotlight advice, data also comes with big responsibilities resources and connections that promote PHOTOGRAPHY SCHOLARLY PURSUITS 10 facebook.com/depaulalumni Jeff Carrion bit.ly/kellstadt for organizations to ensure the privacy and professional growth among our alumni. Heidi Gosen Recent studies by DePaul business professors explore work-life security of the people behind the numbers. We’ll keep you updated on faculty Kathy Hillegonds balance, the impact of low refinancing rates on the housing @depaulalumni In our cover story and online coverage, achievements and research that under- Francis Paola Lee market, and the growth of Hispanic-owned businesses in Illinois. @DePaulMBA Susanna Ludwig we explore these issues through the lenses of score the quality of the business Zach Sigelko alumni, faculty members and experts who school you attended. And we’ll share ALUMNUS PROFILE 11 linkd.in/14TPoow Business Exchange is published are at the forefront of the big data revolution. the most recent accomplishments for DePaul University business Double Demon Joe Adams, managing partner and CEO The rise of big data also is having a big of your fellow graduates. alumni and friends by the Driehaus of McGladrey, discusses the best part of his job and gives youtube.com/user/depaulalumnifriends impact on the job market. A recent IBM We hope you enjoy the new Business College of Business in collaboration advice to young alumni. with the Office of Advancement. survey of 900 executives worldwide revealed Exchange and welcome your feedback. Questions and comments are Flickr.com/depaulspirit that a key challenge facing business is Please send comments to Robin welcome and should be directed CONNECTIONS 12 to Robin Florzak, editor-in-chief, finding enough talent skilled in analyzing Florzak, Business Exchange editor, at [email protected] or Alumni give back as ASK mentors for students. and interpreting big data. To help our at [email protected]. Driehaus College of Business, 1 E. Jackson Blvd., Chicago, IL students take advantage of these oppor- 14 60604-5112. ALUMNI UPDATE tunities, Kellstadt will soon introduce new, Read us online at specialized master’s degrees focusing on DePaulBusinessExchange.com business data analytics in several disciplines. Alumni events at These degrees will equip our students Ray Whittington alumni.depaul.edu/events Read these stories on DePaulBusinessExchange.com with the tools and knowledge needed to Dean, Driehaus College of Business To submit address changes // ONLINE distill large-scale data into valuable insights and class notes, and to subscribe EXTRAS May I Use Your Data? to Alumni eNews, log in to the Laura Hartman, Vincent de Paul Professor of Business Ethics, discusses ethical issues that drive business strategy. DePaul Alumni Community at involving privacy, security and your data. alumni.depaul.edu Questions for Alumni Relations? Four Tips for Effective LinkedIn Networking [email protected] DePaul career management experts provide advice for boosting your professional or (800) 437-1898 presence online. SPRING/SUMMER 2014 1 COLLEGE NEWS DEPAUL’S BUSINESS How far does the Driehaus College of Business ALUMNI NETWORK BY THE alumni network extend? You’ll find alumni Very few people succeed at working in Chicago and around the world, in the office down the hall and in the c-suite, ‘‘something that doesn’t excite them… in traditional corporations and entrepreneurial ventures. Here’s a breakdown of the numbers: Find a job you would do even if NUMBERS you were already rich and didn’t need the money. I’m 83 and still excited by what I do.”–Warren Buffett Scholarships Expand for Alumni and New Graduate Business Students DePaul is making graduate education more accessible for university alumni and new Kellstadt students by increasing its scholarship offerings. DePaul alumni who wish to earn another degree from their alma mater Driehaus alumni Countries where through the Double Demon Schol- working and living business alumni arship program begun last year can 41,674 in Chicago 62 live and work now apply the scholarships to graduate Financier Warren Buffett Shares study at Kellstadt or six other DePaul colleges and schools. Alumni receive Wisdom With MBA Students a 25 percent discount on tuition for TOP TOP master’s degree programs and select What’s it like to discuss careers, invest- Kellstadt was among a select group certificate programs. ing and the economy with Berkshire of only seven business schools, includ- 10 10 Meanwhile, beginning this fall, new Hathaway CEO Warren Buffett? For ing Harvard and Columbia, asked by students who enroll in Kellstadt degree MBA student Kate Stevenson, it felt Berkshire to participate in the student fields of work for companies that employ programs may be eligible for thousands like investing two hours to gain “the forum.
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