Randy Bean

Work

Bean co-founded and serves as chief executive officer of NewVantage Partners, a strategic advisory and management consulting and executive thought-leadership firm he co-founded in 2001 to advise Fortune 1000 businesses on information strategy. Bean previously held executive positions with Harte-Hanks Communications, and two venture-backed start-up companies; Veridiem, a CRM services firm funded by North Bridge Venture Partners and Venrock, and Wheelhouse, an Internet CRM services firm backed by Kleiner Perkins, Charles River Ventures, and Integral Capital Partners. He began his career in information technology and strategic planning roles at Bank of Boston.

Civic

Bean has been active in community and civic activities for nearly three decades. He has served as a mentor, advisor, speaker, and financial supporter of Year Up, whose mission is to provide professional career placement for urban youth. Bean has served on the board of the Stonington Village Improvement Association, and as a director of the New England Science and Sailing Foundation. Bean has served since 2010 on the board of The James Merrill House and Writers-in-Residence Program, which maintains the legacy of James Merrill, a 20th-century American poet, who lived and wrote in Stonington Borough, Connecticut. Bean was appointed in 2001 to the National Council for University Libraries for Washington University in St. Louis, and was named to the National Arts and Sciences Council for Washington University in St. Louis in June 2016. Bean served on the Committee for Institutional Advancement at The Fessenden School (Newton, Massachusetts), which his two sons attended. He is a patron and supporter of numerous civic organizations in Boston (Massachusetts) and Stonington (Connecticut), including the Boston Symphony Orchestra, The Boston Athenaeum, The Boston Museum of Fine Arts, The Isabella Stuart Gardner Museum, The Stonington Historical Society, and Mystic Seaport, among many others.

Writing and speaking

Bean is a frequent contributor on the topics of Big Data, innovation, and business disruption for Forbes, The Wall Street Journal, MIT Sloan Management Review, and Harvard Business Review. For two years (2014-2015), Bean contributed a monthly column on Big Data to The Wall Street Journal. He has been a keynote speaker, moderator, and panelist at industry and academic conferences, the subject of interviews on business innovation and the future of Big Data in publications including MIT Sloan Management Review, Information Week,^[9] and by Silicon Angle and Wikibon.^[10] Bean has been featured as an expert in the Mighty Guides publication "Data Disruption". The Boston Globe published an article, "Big Data can aid companies of all sizes", adapted from Bean's article in MIT Sloan Management Review, "Overcoming Legacy Processes to Achieve Big Data Success"^. Bean was a keynote panelist at the Venture Development Centers 2016 conference in New York where he was introduced as “a contributing Big Data author that you read about in the press all the time. His articles appear in both Wall Street Journal and Forbes. And for those of you more immersed in the topic, he's also a contributing author to the Harvard Business Review and the MIT Sloan Management Review. Randy is the most recognised author in the field of Big Data and Analytics.” Bean has been hosting keynote panels for the MIT Chief Data Officer Symposium since 2014, and will be a panel host for the 2017 program in Cambridge, MA.

Personal life

Bean was born in Brockton, Massachusetts in 1956, and obtained a BA from Washington University in St. Louis in 1978, where he studied literature and history. Bean is an avid reader and traveler, and enjoys the outdoors. He is his wife have traveled extensively in Italy, Mexico, England, France, Spain, and Turkey, among other locations. Bean and his wife Elizabeth (Beth) Black are the parents of two grown sons, and currently reside in Boston, MA and Stonington Borough, CT.

Notable publications

“Is The Financial Services Industry Ripe For Disruption?” – Forbes

Randy Bean Interviewed by SiliconANGLE

“Companies Brace for Decade of Disruption From AI” – MIT Sloan Management Review

“Why Cultural Change Is Necessary For Big Data Adoption” – Forbes

“Another Side Of Big Data: Big Data For Social Good” – Forbes

“Big Data And The Emergence Of The Chief Data Officer” – Forbes

“Inside American Express’ Big Data Journey” – Forbes

“For Big Data, It’s ‘Show Me The Money’ Time” – Forbes

“Variety, Not Volume, Is Driving Big Data Initiatives ” – MIT Sloan Management Review

“Just Using Big Data Isn’t Enough Anymore” – Harvard Business Review

“Big Data Has Turned The Corner; Here’s What Happens Next” – Silicon Angle

“How Time-to-Insight Is Driving Big Data Business Investment” – MIT Sloan Management Review

“The Big Data Business Adoption Journey” – Wall Street Journal

“Overcoming Legacy Processes to Achieve Big Data Success” – MIT Sloan Management Review

“Making The Case For The Long Tail of Big Data” – Wall Street Journal

“Big Data Fuels a ‘Data First’ Movement” – Wall Street Journal

“Big Data’s Big Paradoxes” – Wall Street Journal

“Chief Data Officer Role Shifts to Offense” – Wall Street Journal

“Your Data Should Be Faster, Not Just Bigger” – Harvard Business Review

“If You Think Big Data’s Challenges Are Tough Now…” – MIT Sloan Management Review

“How Business Culture Defines Data Success” – Wall Street Journal

“Politics and Dirty Data” – Wall Street Journal

“Big Data Innovation: Fail Faster. Execute Smarter.” – Wall Street Journal

Organizational Alignment is Key to Big Data Success – MIT Sloan Review

“How Big Data is Different” – MITSloan Management Review