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Predictive Analytics

Business Analytics Error: Learn from Uber’s Mistake During the Sydney Terror Attack

January 24, 2015 by RK Paleru
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Uber.

Recently, as a sad day of terror ended in Sydney, a bad case of Uber’s analytical approach to pricing came to light - an “algorithm based price surge.” Uber’s algorithm driven price surge started overcharging people fleeing the Central Business District (CBD) of Sydney following the terror attack.[read more]

2015: The Year of IoT Pioneers, Analytics and Data Privacy

January 16, 2015 by Puneet Pandit

2015.

This past year welcomed widespread Internet of Things (IoT) adoption and hype, big data implementation, and growing concerns around data privacy and cloud deployment. As 2014 draws to a close, we look ahead with much anticipation for what promises to be a signature year for machine learning, predictive analytics, new IoT pioneers and a full overhaul in the distribution of the IoT.[read more]

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Big Data: The Secret Snacking Ingredient

January 9, 2015 by Gil Allouche

Big data and snacks.

Companies are looking to use the vast amounts of information on consumer behavior to figure out which products to make, and where to focus their efforts. The right data and analytical tools can help manufacturers understand taste preferences and which retailers cater to which consumers.[read more]

Predictive Analytics Interview Series: Pasha Roberts at Talent Analytics

January 8, 2015 by Eric Siegel

Pasha Roberts.

We interviewed Pasha Roberts, Co-Founder and Chief Scientist at Talent Analytics Corporation. View the Q-and-A below to see how Pasha has incorporated predictive analytics into the workforce of Talent Analytics Corporation. Also, glimpse what’s in store for the new PAW Workforce conference.[read more]

Customer Data Quality: What Is the Value-at-Risk?

January 7, 2015 by Gayle Nixon
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Value-at-Risk.

If you work in financial services or, more specifically, Capital Markets, then you are likely to be familiar with the concept of VaR or “value at risk.” VaR is a statistical calculation used in finance to incorporate a quantifiable measure of the financial risk that an asset (or a portfolio of assets) will decline in value.[read more]

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The World’s Largest, Fastest, Most Agile Supply Chain

December 31, 2014 by Keith Peterson

Supply chain.

There is one shipping firm in the world, maybe the galaxy, that is counted on more than FedEx, UPS, and DHL combined. In fact, this organization has an even more complex supply chain. It takes its own orders, makes its own goods, and ships them all in one night.[read more]

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Business (NOT) as Usual: 3 Big Business Intelligence Predictions for 2015

December 30, 2014 by Ray Major

BI.

Each year, I work with dozens of clients in a quest to help them effectively implement their Business Intelligence systems. And each year, based on my experiences, I have put together a top 10 list of trends and predictions for the upcoming year.[read more]

Top 8 Big Data Trends That Marketers Should Care About

December 24, 2014 by Trips Reddy

Big data trends.

A recent Oracle study projects that big data will be a $50 billion business by 2017. As big data and advanced analytics become more mainstream, it’s vital for marketers to keep up with the trends that really matter, the solutions that push for data democratization and the easy-to-use tools that empower anyone within an organization to create, run and optimize real-world campaigns that drive engagement, loyalty and ROI.[read more]

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New Generation of Technology Will Rely on Analytics, Study Shows

December 16, 2014 by Jeff Brown

“We are in a time of profound change for business, technology and IT leadership,” said Leon Kappelman, Ph.D., Professor at the University of North Texas and SIM’s lead researcher and Professor of Information Systems at the University of North Texas. “Results show the focus of IT organizations and their leaders is changing, with a new emphasis on business value, strategy, innovation and speed.”[read more]

Alfred Hitchcock and a Classic Forecasting Scam

December 15, 2014 by Michael Gilliland

Alfred Hitchcock.

Suppose you received an email from a self-proclaimed forecasting savant, advising you of a big upset in the upcoming mayoral election...and it turns out to be correct. You then get an email picking the underdog in the next championship boxing match...which is right again.[read more]

Ignore Your Business, Rake in the Profits

December 12, 2014 by Bill Franks

Analytics.

Bring together a few people for several hours. Bring an inventory of the various data sources your organization has access to. Then, brainstorm ways that the analysis of that data can be of value to anyone except your organization. Don’t talk about understanding your business with the data, but rather talk about what opportunities the data can support for others outside the organization.[read more]

How to Stay Out of Cash Flow Crises Using Cash Position Analysis

December 10, 2014 by Keith Peterson

Cash position analysis.

Cash flow is the lifeblood of every company. Diligent financial analysis, including the Cash Position Waterfall, is an essential component to monitoring the current health of your business. However not all of us are financial analysts who like to wade through detailed spreadsheets.[read more]

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What the Ebola Crisis Has Taught Us About Big Data

December 9, 2014 by Gil Allouche

Ebola.

There is tremendous potential for big data analytics in healthcare. Hospitals and pharmaceutical companies are already using it for research and diagnoses. There is also tremendous potential in using big data for disease prevention. Back in March, HealthMap predicted an Ebola outbreak about 9 days before the World Health Organization (WHO) formally announced the epidemic.[read more]

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5 Common Use Cases for Hadoop in Retail

November 20, 2014 by Sameer Nori

Hadoop in retail

Retailers can focus on the shopper as an individual, rather than aiming at the masses and hoping to snag a few. Where there once were customer panels, in-store surveys, focus groups, and guesswork, there is now social media, online search behavior, and easy-access customer input.[read more]

Miss the Right Connections at Your Own Peril

November 14, 2014 by Bill Franks

connection analytics / shutterstock

Part of what makes the analysis of connections so powerful is that while virtually every metric typically used for analysis focuses only on facts about each individual entity, the analysis of connections makes it possible to also understand each entity’s relationships to others[read more]