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business analytics

Recently we have posted on the Decision Management Solutions blog about a couple of interesting pieces of McKinsey research that discuss the unfortunate truth – most companies are NOT succeeding with advanced analytics. First, there’s this general research How More Companies Can Maximize the Potential of Analytics: “Senior executives tell [McKinsey] that their companies are struggling to [...]

Cassie Kozyrkov, the Chief Decision Intelligence Engineer at Google wrote an article recently titled  Is your AI project a nonstarter in which she identified 22 check list items for a candidate AI project. It’s a great article and you should definitely read it. In particular you should note the quote at the top: Don’t waste [...]

I am giving a webinar on Delivering the Business Value of Analytics, August 14th at 10am Pacific/1pm Eastern. Many organizations still struggle to get a business return on their investment on advanced analytics. The biggest barrier? An inability to integrate analytics, especially predictive analytics, into frontline systems and business processes. Work with a number of [...]

Karl Rexer of Rexer Analytics is at Predictive Analytics World this week (as am I) and he gave some quick highlights from the 2017 Rexer Analytics Data Science Survey. They’ve been doing survey since 2007 (and I have blogged about it regularly) and the 2017 is the 8th survey with 1,123 responses from 91 countries. Full [...]

DecisionCAMP 2018 in in Europe – Luxembourg to be precise – September 17-19. This is a great event and well worth your time if you are interested in the nuts and bolts of decisioning technology, Decision Management or decision modeling. Last year’s event in London was great with a wide range of presentations and lots [...]

I am joining Eric Kavanagh of the Bloor Group to discuss Easy as Pi – Why Mathematicians Rock Data Science Thursday November 16 at 3pm Eastern. Do the math! Using analytics to drive business value often boils down to a formula of some kind. That’s why mathematicians are in such high demand these days. Whether for [...]

I am giving a webinar on Boost Straight Through Processing in Your Claims System with Decision Automation at 10am Pacific on November 16. Register for this free webinar to see how you can automate decisions to handle more claims without manual intervention. Boost your Jet or Straight Through Processing rates to new heights to reduce costs, [...]

Little bit of  a late start for me so I am starting with Geoffrey De Smet from Red Hat talking about constraint planning. He points out that some decisions cannot be easily solved with rules-based approaches – they can be described as decision (and as a DMN decision model in our experience) but not readily [...]

When the famous nerd webcomic XKCD pokes fun at how you use technology, it’s probably time to try a different approach. Recently he posted on Machine Learning and took a swipe at the mindless way some people approach machine learning.  His characters discuss a “machine learning system” that involves pouring data into a big pile of linear [...]

The Rexer Data Science survey is one of the best and longest running polls of data mining, analytic and data science professionals. I regularly refer to it and blog about it. It’s time to take this year’s survey – and the survey is aimed at all analytic people, no matter whether they consider themselves to be Data Analysts, [...]

I recently worked with Tho Nguyen of Teradata on a white paper called Illuminate Dark Data for Deeper Insights While organizations of all sizes across all industries are keen on becoming data-driven, most focus on only a fraction of the many types of available data. Not accessing a fuller spectrum of data, including those from “dark [...]

I am presenting at DecisionCAMP 2017 – The Role of Decision Models in Analytic Excellence – at 11:25am, Thursday July 14 Organizations are increasingly investing in data analytics to improve decision-making. Dashboards, self-service BI, data mining, predictive analytics, machine learning and cognitive technologies are being evaluated, deployed and used as organizations push to adopt data-driven [...]

I am speaking with Tina Owenmark of Cisco on The Role of Decision Modeling in Creating Data Science Excellence at Predictive Analytics World in San Francisco. Cisco’s Data Science Office focuses not just on data science, but also on shaping the questions and answers for Cisco’s operational groups. They focus not on technology or algorithms but [...]

JMP 13 and JMP Pro 13 launched in September 2016. JMP is a business unit of SAS with more than $60M in revenue with growth and a focus in manufacturing and life sciences. Lots of engineers, analysts, researchers and scientists as users. JMP has specialty products in Genomics and Life Sciences but this release is [...]

I am participating in a webinar on “The citizen data scientist: Can you democratize analytics for better business outcomes?” with Information Management, sponsored by Dell. Analytics is about better understanding customers, markets, and other phenomena that impact business performance. So while PhDs in mathematics and computer science play an important role in analytics success, employees with [...]

I am attending this year’s Building Business Capability conference and blogging sessions like this one from Jim Sinur of Aragon Research. I gave a tutorial earlier in the week on decision modeling with DMN and will be speaking later in the week with David Herring of Kaiser Permanente (and signing my new book, Available now! Real-World Decision Modeling [...]

AllAnalytics recently asked its readers “What is the greatest danger spot for analytics projects?” and the results are pretty clear. Here’s a snapshot (the percentages have been pretty stable): Top of the heap is “Identifying the Business Problem” with over 40% Then it’s a close run thing between “Data sourcing” and “Putting data into action”, both at 20% [...]

I was recently listed as one of the top Big Data/Data Science leaders on LinkedIn by KDnuggets. I was delighted to be on the list and to share it with some great thinkers and writers. My interest, as regular readers of the blog will know, is not really on how you build analytic models or apply data science techniques [...]

I am participating in a webinar Building Outstanding Customer Relationships: Delivering Relevant Next Best Actions for Retail Bank Customers on September 21st at 12 Noon Eastern/9am Pacific with Steven Noels of NGDATA. Next best action marketing is a tactic that has been around for a while, but few marketers have been able to fully take part [...]

The folks over at ZS Associates sponsored a study by the Economist Information Unit on analytics titled “Broken Links: Why analytics investments have yet to pay off”. This report showed the classic challenge of analytics – 70% think analytics is very or extremely important but only 2% say their analytics efforts have a broad, positive impact. In [...]