Intelligent people but stupid choices – try using analytics!

My previous blog on June 5 was about horse racing’s prestigious Triple Crown race and its final leg, the Belmont Stakes. I posted my blog before the favored horse, I’ll Have Another, was scratched due to a leg injury. For gamblers who would likely to have bet on I’ll Have […]

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Being wrong versus being confused

Which is worse? Being wrong or being confused? Let’s start with some definitions.  To make a wrong decision means you were mistaken and erroneous. Your decision was incorrect for the problem to be solved or opportunity that could have been realized. (There is also an immoral, unethical, and illegal connotation; […]

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Why will analytics be the next competitive edge?

Analytics is becoming a competitive edge for organizations. Once a "nice-to-have," applying analytics is now becoming mission critical. An August 6, 2009, New York Times article titled, “For Today’s Graduate, Just One Word: Statistics” reminds me of the famous quote of advice to Dustin Hoffman’s character in his career breakthrough […]

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Who are more effective – Specialists or Generalists?

In the book The Age of the Unthinkable: Why the New World Disorder Constantly Surprises Us and What We Can Do About It, the author Joshua Cooper Ramo makes us think if specialists or generalists are more effective at understanding the future. A study described in the book evaluated short-term […]

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In one eye and out the other

Managers and employees often rush to judgment when drawing conclusions and making decisions. They do not adequately appreciate how their decisions might be altered if they dug deeper with analytics to better understand the root cause of a problem they are solving or an opportunity they may be pursuing. I […]

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Analytics: Is it the wind or a weather vane?

It is increasingly undeniable – analytics is now accepted as mission critical. As evidence the June 13, 2011 cover article of Informationweek began with this: “It’s official. The term ‘analytics’ no longer only refers to advanced statistics and operations research. It’s now shorthand for what people really want from business […]

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Cheaper than free: Analytics

In the song sung by Fleetwood Mac's’ Stevie Nicks, “Cheaper than Free,” it begins with the lyrics “What's cheaper than free? You and me.” This started me thinking about applying analytics as having a similar value. Why? When you understand how analytics are truly applied to gain insights and make […]

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Analytics: Opposition or Proposition?

Metaphorically, belief and disbelief in analytics as a competitive edge, and not just a passing fad, meet at a door. On one side is passion, and on the other, fear. Passion always lives with fear. Those with passion for a methodology, like analytics, have fear that others will reject them […]

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How are business analysts like teenagers on the Internet?

Business analysts are in some ways similar to teenagers and college students in how they go about exploring to learn things. People like diversions – especially on the Internet – to the point that diversions are almost like an addiction. We know it might not be the best use of […]

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The ideology divide between intuition and fact-based decisions

In the USA we witness an ideology divide between its two political parties – the Republicans and Democrats. I will not risk alienating any readers by taking sides. The point I want to make is that when competing ideologies are present, the result can be gridlock with no forward action. […]

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