Four-step approach to government fraud detection

Every day there are news stories of fraud perpetrated against federal government programs. Topping the list are Medicaid and Medicare schemes which costs taxpayers an estimated $100 billion a year. Fraud also is rampant in other important federal programs, including unemployment and disability benefits,  health care, food stamps, tax collection, […]

Post a Comment

Yes, we have analytics: the brain game

Many vendors claim they have analytics, and a lot of users have embraced the belief that analytics is the way to go. But what does analytics really mean, especially to business users without statistics backgrounds, and how much do they need to know about analytics to be able to make […]

Post a Comment

All I want to know is, do I need my umbrella today?

You know the drill. It’s a steamy July morning, and you’re headed out for the day. You open up your go-to weather app to find out if you need to lug your umbrella around. The forecast says, “Sunny with a 30 percent chance of thunderstorms.” What does that mean, exactly? […]

Post a Comment

Can a football game predict a presidential election?

In a city built on hedging your bets, it is fitting that the Analytics 2014 conference kicked off Monday in Las Vegas with a look at all the unscientific ways people try to predict the future. John Elder, Founder and President of Elder Research, Inc., entertained the audience with examples of how […]

Post a Comment

Predictive analytics and Hadoop: Challenges and solutions for managing the whole analytics lifecycle

So, you've heard the Hadoop hype and you are looking – or have already invested – into Hadoop. Maybe you have also realized some benefits from the Hadoop ecosystem. But now you want to maximize those benefits by using advanced analytics, or you might have heard about algorithms or machine learning libraries available […]

Post a Comment

Get your house in order to cash in on retail’s omnichannel promise

Would you build a house without a proper foundation? Most of us wouldn’t dare, but that’s exactly what many retail businesses are doing today. When building a house, if you don’t get the foundation right, paint, wallpaper and fixtures won’t matter much. It’s no different in the retail industry. Success […]

Post a Comment

Predictive analytics described in one word (now with video)

As a follow up to my previous post that described analytics in one word,  I decided to revisit my choice of the word "strategic" with a video. If the adage "a picture is worth a thousand words" is true, you'll like this version even better than the original. Watch the video […]

Post a Comment

Predictive analytics described in one word

At SAS Global Forum 2014 customers were asked to describe SAS in one word and they came up with quite a few including awesome, powerful, data, fun, easy, and of course statistics, analytics, and PROC.   Then I gave it some thought on what one word would I choose to describe SAS.  This […]

Post a Comment

Why analytics is better than simple if-then business rules

What's the differences between predictive analytics and basic reporting? Predictive analytics provides insight about what will happen in the future. Basic reporting only looks at past performance. Why is this difference difficult to grasp? It's partly because transitioning to predictive analytics requires change. And most people don't embrace change. Take […]

Post a Comment

Want real-time predictive analysis? You need Event Stream Processing

As more and more data is being collected and analyzed, it becomes even more important to have a strategy in place that will allow you to get value out of your data. Since it's humanly impossible for your brain alone to process fast streaming data, an event stream processing (ESP) engine […]

Post a Comment