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Requirements that are the most easily described can often be the most difficult to implement. I’m referring to requests like: Display a gauge with the most recently collected metric. Plot a 18 month rolling window of profit. Display last month’s products percent of total metrics for visual comparison. Okay, so
Analytics provides better insights into why something happened, or helps provide decision makers with information about what will happen in the future. That allows organizations to act now to improve outcomes instead of reacting to events after they happen. But it takes more than analytics alone. Achieving this level of
Living to 100 isn't as simple as just paying a certain amount of money for your healthcare. But that is an interesting aspect of longevity, so let's have a look at the data ... In my previous blog post, we analyzed how much people from various countries spend on healthcare.
Academic Research In an approach akin to FVA analysis, Paul Goodwin and Robert Fildes published a frequently cited study of four supply chain companies and 60,000 actual forecasts.* They found that 75% of the time an analyst adjusted the statistical forecast. They were trying to figure out, like FVA does,
Have you ever needed to run code based on the client application that you are using? Or have you needed to know the version of SAS® software that you are running and the operating system that you are running it on? This blog post describes a few automatic macro variables
Typical Business Forecasting Process Let’s look at a typical business forecasting process. Historical data is fed into forecasting software which generates the "statistical" forecast. An analyst can review and override the forecast, which then goes into a more elaborate collaborative or consensus process for further adjustment. Many organizations also have
In recent healthcare blogs I’ve looked at the need to drive more value from the UK’s National Health Service (NHS) and how this relies upon the ability to make decisions based on robust, data-driven insights. But what value will these decisions have if they're not founded on a mature data
In a previous blog article, Risk Data Aggregation and Reporting – Why now more than ever? – Part 1, I have discussed the requirements of the paper of the Basel Committee numbered 239 and one of the reasons the execution or application of the principles discussed therein is important for
As an instructor for SAS, I receive a wide variety of queries before, during and after delivering my courses. Most frequently, I am asked questions such as: Should I learn SAS programming or a point and click tool instead? I know lots of code, should I go straight to the
Over the past few weeks I have heard about the "Consort Diagram". This was mentioned in a Communities article, and also by a couple of users separately. This topic was also covered by Anusha Mallavarapu and Dean Shults from Cytel in a poster at PhUSE 2016 as shown on the
Data governance plays an integral role in many enterprise information initiatives, such as data quality, master data management and analytics. It requires coordinating a complex combination of factors, including executive sponsorship, funding, decision rights, arbitration of conflicting priorities, policy definition, policy implementation, data stewardship and change management. With so much overhead involved in
The Means of the Defensive Paradigm The Defensive paradigm pursues its objective by identifying and eliminating forecasting process waste. (Waste is defined as efforts that are failing to make the forecast more accurate and less biased, or are even making the forecast worse.) In this context, it may seem ridiculous
The study of social networks has gained importance over the years within social and behavioral research on HIV and AIDS. Social network research can show routes of potential viral transfer, and be used to understand the influence of peer norms and practices on the risk behaviors of individuals. This example analyzes the
In a previous blog post, I demonstrated combining the power of SAS Event Stream Processing (ESP) and the SAS Quality Knowledge Base (QKB), a key component of our SAS Data Quality offerings. In this post, I will expand on the topic and show how you can work with data from
No cabe duda de que la analítica ahora está en todas partes. Gracias a la Nube (cloud) se puede acceder a las soluciones desde cualquier lugar y aplicarla en todo lo que nos imaginemos. Incluso en una pista tan sofisticada y tecnológica como resulta ser la de la Fórmula 1,