We’ve been talking about data recently at the Analytic Hospitality Executive. I’ve advocated to use whatever data you have, big or small, to get started today on analytic initiatives that will help you avoid big data paralysis. In this blog, I’m going to get a bit more technical than usual
Tag: information management
With all of the discussion about big data these days, it is easy to think that every problem is a big data problem. Yes, there is a lot of data out there these days, and of course we all love a nice big data set, but you don’t always need
We have spent a good deal of time at the Analytic Hospitality Executive advocating for the value of big data for hospitality. Just a few months ago, for example, I wrote a two part series on how Big Data was a “big opportunity” for hotels and casinos. Our goal at
By now you have seen dozens of articles with trends and predictions for what the hospitality industry should expect in 2015. I’m not going to add to those, or rehash them exhaustively here. You’ve all probably read them yourself and gathered the highlights: optimism, more acquisitions, transaction volumes will stay
Well, Analytic Hospitality Executives, the year has once again flown by, and here we sit just before the holidays looking back on 2014, and figuring out what it all means for 2015. I traveled even more than usual this year (if that’s even possible), spending a significant amount of time
I’ve got a book recommendation for you – it came recommended to me and did not disappoint. “Thinking, Fast and Slow”, by Nobel Prize winning economist Daniel Kahneman. Kahneman is actually a psychologist (Professor emeritus at Princeton Univ), and his Nobel Prize winning work on decision theory will also remind
According to Forbes, a comprehensive "big data" strategy is vital because without one your business will miss out on at least 71 million dollars a year! To me this means your "big data" strategy should be more focused on how best to derive value from your data instead of focusing
We have come very far in our journey (I started this series in March) to the 10 best practices from education customers for information management, reporting and analytics. Lets’ recap our journey of the previous nine blogs: Securing executive sponsorship. Identifying and involving stakeholders early and assessing their unique needs.
We have come very far in our journey to 10 best practices from education customer for information management, reporting and analytics. We are up to Best Practice #9: Empower Users by Providing Training and Self-Help Materials. Most education professionals will need training in order to understand data, reports and analytics.
It is exciting and overwhelming when you first get new software for information management, reporting and analytics. This is especially true once your users first get their hands on the data and new reports. I recall first hand when I was a system engineer and had been with SAS for