"the only constant in life is change"

In my career as a consultant, data scientist and academic researcher I have had the opportunity to study the motivation of consumer behavior, to invent new technologies for advanced analytics and to facilitate the implementation of analytical solutions for several of the Fortune 500 companies. I realized that a lot of organizations struggle in successfully leveraging new technologies because they ignore that people need to change. While technology is the enabler for organizational transformation, understanding the behavior of people is the requirement to manage organizational change and create business value!

The driver for success is how to manage change

Everybody wants to be successful, including myself. So I started to follow successful people on social media, read books about them and got the chance to talk to a couple of them. The one thing everyone of them has in common is, they got to a point in their life where they developed a personal framework (rational and emotional) for how to manage change. Every single one of them had wins and fails but what they did was adapting to it, they managed change. I try the same for myself, here is my short story how I realized that during my career:

In my career as a consultant, data scientist and academic researcher I have had the opportunity to study the motivation of consumer behavior, to invent new technologies for advanced analytics and to facilitate the implementation of analytical solutions for several of the Fortune 500 companies.

But not all of those stories are success stories. I built several analytical solutions that did not create any value because I did not take into account the people that are supposed to work with it. I started to connect the dots and saw success by managing the change. However, I realized that am not alone with that problem.

A lot of organizations struggle in successfully leveraging new technologies because they ignore that people need to change. While technology is an enabler for organizational transformation, understanding the behavior of people is the requirement to manage organizational change and create business value!

Latest Posts

If you are interested in my latest projects, click on one of my most recent posts.
Interview with AI magazine
I was honored to be interviewed by Catherine Gray about my role as Head of SME for H2O.ai . I got the chance to…
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My breakthrough project in AI Transformation
During my time as Director of Data Science for one of the leading innovations and marketing consultancies in Germany, I…
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AI Strategy & Innovations in Insurance
Video of the Meetup with Kadir Hallac, PhD (Senior Director of Data Science and Analytics, Aetna/CVS Health) and Olaf Menzer,…
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Michael is a state of the art economist and data scientist with cutting edge knowledge, not “only” from an academic perspective but he is also very hands-on in business. He can improve businesses by applying and deploying artificial intelligence applications to improve value. He can connect and team up with corporate leaders, colleagues and peers at all levels and accelerate the digital transformation. It is inspiring to work with him. He is brilliant in connecting with people of different cultures, maybe as a consequence of his international exposure over his whole life. If you want to roll out applications on a global level, Michael can and will make it happen.
Wilhelm Bielert, PhD (CDO, PremierTech, Canada)
Michael is one of the smartest and hardest working people I know. He is deeply passionate about data science and does not only have a deep knowledge about predictive statistics and AI, he is a particularly good researcher and has broad knowledge and experience about AI application for multiple industries. His behavioral economics background makes him unique in the AI applications space. His ability to translate between data scientists, engineers and business stakeholders is unique and his proven track record of creating business value is outstanding. Michael is down to earth, honest, and always tries to motivate people to reach their highest goal. Those characteristics make him the perfect leader, leading by example. I loved working with Michael and hope that our paths will cross again someday.
Kadir Hallac, PhD (Senior Director, Aetna/CVS, USA)
I worked with Michael whilst he was head of data science at TD Reply. Michael's solutions have helped marketers and CEOs in blue chip companies such as L'Oreal, Audi, Bayer and Telefonica, better understand marketing's effect on sales. The fact that he can converse eloquently with some many diverse stakeholders, gives you an idea of his talents.
Dominic Stinton (Partner, Reply, UK)
I got to know Michael when he was visiting the University of Adelaide as researcher while I was doing PhD. Michael is an incredible behavioral economist and teacher. He is knowledgeable in so many fields of economics, business and marketing, psychology and especially statistics/advanced analytics. Michael has been a great mentor and friend and I am so thankful for all of his contributions to my research and his advice.
Mila Tarabashkina, PhD (Researcher, UWA, Australia)

Collaboration

I love to connect with people, share ideas, get feedback and facilitate personal growth. Therefore, I am involved the following three areas.
Conference Presentations
I love to network, present and talk about new ideas, innovations and topics around AI and Transformation. Please feel free to reach out if you want me to speak at your conference.
Research Callaboration
My current research combines my interests in understanding people's behavior, AI transformation and how both can drive sustainable business value. If you want to contribute to my research or me to support you with yours, please reach out.
Mentoring
During my time as academic researcher and industry executive I have always been passionate about mentoring people. If you think that I can contribute to your professional growth, please feel free to reach out.

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