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Fight Back Against Black Swan Fatigue

May 9, 2012 by Paul Barsch
with 150 views
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No one is ever judged a hero for saving the company from what never (or is never supposed to) happen. Business executives must fight back against Black Swan fatigue, because in today’s interconnected and highly correlated world, the next extreme event could be the one that shoves your company off a cliff. [read more]

Gartner says predictive analytics are the hot BI topic.

April 23, 2012 by Doug Lautzenheiser
with 349 views
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STILLFX/shutterstock.com

Rita Sallam, BI analyst for Gartner, says that the use of predictive analytics software will be pervasive by 2020. By pervasive, she means that three-quarters of all users will have access to predictive functionality. Today, that figure is less than one-third, while Sallam expects it to grow to half of the users in the next two years.“... [read more]

Target, Pregnancy, and Predictive Analytics - Part I

February 19, 2012 by Dean Abbott
with 632 views
2

Photo by Torsten Mangner via Flickr

There have been a plethora of tweets about the New York Times article "How Companies Learn Your Secrets", mostly focused on the story of how Target can predict if a customer is pregnant. The tweets I've seen on this most often have a reaction that this is somewhat creepy or invasive. I may write more on this topic at some future time (... [read more]

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What’s Next – Predictive Scores for Healthcare?

January 17, 2012 by Paul Barsch
with 281 views
2

Molodec/shutterstock

New gene sequencing technologies are now making it feasible to read an individual’s DNA for as little as $1,000 USD. If there is predictive value in reading a person’s gene sequence, what are implications of this advancement? And will healthcare data privacy laws be enough to protect employees from discrimination? [read more]

Black Box Analytics

November 13, 2011 by Richard Boire
with 342 views
1

Organizations are now aware of the significant contribution that predictive analytics brings to the bottom line. Solutions, once viewed with skepticism and doubts, are now embraced by many organizations. Yet, from a practitioner’s perspective, certain solutions are easier to understand than others.The challenge for the practitioner is... [read more]

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Take the Predictive Analytics in the Cloud survey

September 20, 2011 by James Taylor
with 99 views
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"Decision Management Solutions, the company of which I am CEO, is running a study on Predictive Analytics in the Cloud with the folks here at SmartData Collective. Both Predictive Analytics and Cloud are hot topics and the intersection has tremendous potential....To find out what you think we have opened a survey and you can take it right now here on SmartData Collective..." [read more]

How Predictive Analytics Can Save Zebras

September 10, 2011 by Brett Stupakevich
with 119 views
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"Marwell Wildlife, an international conservation charity and zoo in the U.K., is using predictive analytics technology, to help in its 15-year effort to save the Grevy’s zebra, an endangered species, whose population in the wild is estimated to be less than 2,500," [read more]

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Predictive Analytics in the Cloud Research on SmartData Collective

August 31, 2011 by James Taylor
with 178 views
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"SmartData Collective and Decision Management Solutions are partnering to bring some exciting new research to the SmartData Collective community. A week ago we announced a multi-stage, multi-client project to study Predictive Analytics in the Cloud." [read more]

Building an Analytical Portal to Support Analytical Culture

June 22, 2011 by Eric Burns
with 479 views
4

The first step in adopting predictive analytics is to start building an analytical culture. In an analytical culture, people Know the Numbers, Examine the Numbers, Use the Numbers. [read more]

Big Data: What can an energy company teach us about data science?

June 22, 2011 by Ted Sapountzis
with 430 views
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Is data science a new discipline to help us with big data ? I don't agree, as field has existed since WWII, and the industry is innovating so that we are all data scientists [read more]

Why Predictive Analytics is Important and More

June 14, 2011 by Eric Burns
with 563 views
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SaaS and Social Media provided the final requirement, data creation. Both of these technologies have made is common and inexpensive for people to quickly and easily collect and publish information about their lives and jobs. [read more]

Top 10 Ways to Apply Predictive Analytics in the Insurance Industry -- and Your Industry?

June 11, 2011 by Eric Burns
with 660 views
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Actuaries are experts at using mathematics to forecast risk at a human biological level. CAN is the expert at using predictive mathematics to forecast human behavior in the domain of marketing, sales, and operations. CAN uses predictive analytics, behavior, and data science to develop creative solutions for the ever-changing business... [read more]

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Predictive Analytics World New York City Conference Announces Speaker Line-Up

May 24, 2011 by Bobbe Cook
with 146 views
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Predictive Analytics World, the business-focused event for predictive analytics professionals, managers and commercial practitioners, today announced the speaker line-up for the October 17-21, 2011 conference in New York City, New York [read more]

Less Wrong: Using Predictive Analytics to Improve Budgeting

May 6, 2011 by Eric Burns
with 145 views
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Last week Grant and Tadd (co-owners at CAN) presented their insight on the concept of being “Less Wrong” on day two of the Infotec Conference and left the audience intrigued with the possibilities of the use of predictive analytics in their line of work. CAN has used the “Less Wrong” approach in predictive analytics to predict when roofs... [read more]

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Defending Your Analytics: Handling Hecklers

November 29, 2010 by Meta S. Brown
with 1,724 views
2

The trumpet sounds and the matador, dressed in gold, parades into the ring as a band plays for his entrance. So begins the ritual of bullfighting. Highly structured and stylized, bullfighting demands a tremendous commitment in study, practice and personal risk. Who is the matador trying to impress? Certainly not the bull. Your computer beeps, alerting you that a meeting is about to begin. You stand and walk toward the conference room, wearing one of your nicer shirts and a decent pair of shoes, carrying a laptop with one arm, coffee with the other. So begins the ritual of the business presentation. Who are you trying to impress? [read more]

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Talk Analytics with Executives: 4 Things You Must Understand

November 19, 2010 by Meta S. Brown
with 3,675 views
3

Data analysis isn’t something you do for your own entertainment. Businesses pay for analytics to support decision-making, to provide them with information that gives the business the best shot at the biggest profits. Yet C-level executives frequently ignore or undervalue the analytics available to them. Why does upper management ignore information that would surely enable them to achieve better and more consistent returns on investment? The information isn’t presented in the right way. [read more]