At some point, your business or IT leaders will decide – enough is enough; we can't live with the performance, functionality or cost of the current application landscape. Perhaps your financial services employer wants to offer mobile services, but building modern apps via the old mainframe architecture is impractical and a replacement
I was a freshman in college the first time I saw the Cantor middle-thirds set and the related Cantor "Devil's staircase" function. (Shown at left.) These constructions expanded my mind and led me to study fractals, real analysis, topology, and other mathematical areas. The Cantor function and the Cantor middle-thirds
Let's continue now to Nikolaos Kourentzes' blog post on How to choose a forecast for your time series. Using a Validation Sample Nikos first discusses the fairly common approach of using a validation or "hold out" sample. The idea is to build your model based on a subset of the
Nikolaos Kourentzes is Associate Professor at Lancaster University, and a member of the Lancaster Centre for Forecasting. In addition to having a great head of hair for a forecasting professor, Nikos has a great head for explaining fundamental forecasting concepts. In his recent blog post on How to choose a
Starting in 2018, IFRS 9 will require banks around the world to change their processes for accounting of credit risk. This new impairment standard will move banks from the backward looking incurred loss model into a forward looking Expected Credit Loss (ECL) modelling approach. When talking with banks around the
With the recent vote for the United Kingdom to leave the European Union being all over the news, I was a bit embarrassed to realize I didn't know exactly what areas are (and aren't) considered part of the UK. After a few Google searches, I found the following map on the
Over the last ten years, utilities around the world have have invested billions of dollars in the Internet of Things (IoT). Better known as smart grid and smart meter initiatives, this massive intelligent infrastructure is moving utilities into a future that’s beginning to look radically different from the century-old business model
Would you like to see the latest features of SAS Enterprise Guide in action? Of course you would! That's why it's well worth the 12 minutes of your time to watch this video from SAS Global Forum 2016. In the video, Casey Smith (SAS' R&D manager of the SAS Enterprise
More and more organizations are considering the use of maturing scalable computing environments like Hadoop as part of their enterprise data management, processing and analytics infrastructure. But there's a significant difference between the evaluation phase of technology adoption and its subsequent production phase. This seems apparent in terms of how organizations are
Das „Recht auf Vergessen“ hat nichts mit der Demenzerkrankung Alzheimer tun und betrifft auch nicht nur Personen im fortgeschrittenen Alter. Das „Recht auf Vergessen“ und „Portabilität“ bezeichnen Rechte im Rahmen der neuen europäischen Datenschutzverordnung, die nach vier Jahren Arbeit die nun doch schon 20 Jahren alte Verordnung ablöst, und die
'Tis a gift to be simple. -- Shaker hymn In June 2015 I published a short article for Significance, a magazine that features statistical and data-related articles that are of general interest to a wide a range of scientists. The title of my article is "In Praise of Simple Graphics."
One thing that we have a lot of at SAS: installations of SAS software that we can run. I have SAS for Windows on my laptop, and I have access to many centralized instances of SAS that run on Linux and Windows servers. (I also have access to mainframe SAS,
For banks across Asia and Europe, a new accounting standard is of increasing importance – IFRS 9. With the first IFRS 9 reporting deadline looming January 1, 2018, banks are trying to understand what they need to do to be ready. At its core, the IFRS 9 accounting standard introduces
When I joined SAS nearly 32 years ago, I didn’t set out to be its first Chief Customer Officer (CCO). I made it here by setting small goals for myself over the years, sharing those goals and attaining them step by step. It’s been a lot like training for a
Cities must work with companies, universities, other cities and organizations to truly realize the Smart Cities vision. This was a consistent message at last week’s Smart Cities Innovation Summit, where leaders from more than 200 cities met with technology and service providers and academics to talk about new innovations that
Let's create a souped-up SAS map that can track Zika-carrying mosquitoes down to the county level, in the US! A few months ago, I wrote a blog post with a world map of documented locations of the Aedes mosquitoes that could carry the Zika virus. The world map showed a high concentration
For those of us who haven’t been hermits stuck in a remote section of Middle Earth, The Lord of the Rings book and movie series brought to our awareness the mythical powers of The One Ring: An object with a sinister inscription that reads “One Ring to Rule Them All.”
The “big” part of big data is about enabling insights that were previously indiscernible. It's about uncovering small differences that make a big difference in domains as widespread as health care, public health, marketing and business process optimization, law enforcement and cybersecurity – and even the detection of new subatomic particles.
Optimization for machine learning is essential to ensure that data mining models can learn from training data in order to generalize to future test data. Data mining models can have millions of parameters that depend on the training data and, in general, have no analytic definition. In such cases, effective models
What's more, CXOs who believe that they can substitute data scientists for real data integration are as foolish as the duffer who consistently uses the wrong club.
In der heutigen Zeit macht es immer weniger Sinn, gigantische Datenmengen über das Netzwerk in ein Auswertetool zur Analyse zu übertragen. Der Geschwindigkeitsvorteil einer hoch performanten statistischen Analyse von riesigen Datenmengen wird durch die lange Datenübertragung dieser riesigen Datenmengen wieder zunichtegemacht. An diesem Punkt müssen andere Technologien angewendet werden, um
Graphs enable you to visualize how the predicted values for a regression model depend on the model effects. You can gain an intuitive understanding of a model by using the EFFECTPLOT statement in SAS to create graphs like the one shown at the top of this article. Many SAS regression
One of our country's oldest institutions, the U.S. Census Bureau, is at the forefront of modern government efforts. Those efforts are numerous and disparate, from general directives to do more with less, to digitization and consolidation initiatives, to the “Cloud First” mandate, and the pushes for agile and open source development.
In recent years, more and more people have been registering as independent voters in the US, rather than Democrat or Republican - the independents now control well over 1/3 of the votes. Will they likely vote for the Democrat or Republican candidates in the upcoming election? Let's break down some numbers
As we are all well aware, providing caregiving for our parent(s) is complicated and messy. Siblings can often be both a blessing and a curse in this process, providing much needed relief and support, or perhaps creating additional stress and barriers to important decisions and resources. Why is this the
Fellow Roundtable writer David Loshin has commented in the past that: "MDM is popular because it is presented as a cure-all solution to all data problems in the organization." Many people see master data management (MDM) as the silver bullet to all of their business and data woes. But in
Some estimates suggest that the number of connected objects will be more than 50 billion by 2020. Each of us will own between six and 10 connected objects. But what exactly is the Internet of Things (IoT)? Wikipedia describes it as “the network of physical objects — devices, vehicles, buildings
There was this very embarrassing day around year six of my career as a statistician working in clinical trials. I had a small group of interns working on a project that combined data from multiple clinical trials. The goal was to better understand sources of variation in the common control
Menschen suchen Big Data Analytics. So finden sie in Warenkörben längst: „Mann klickt Pampers – bieten wir ihm noch Dosenbier an!”. Das ist irgendwie gewohnt und ethisch harmlos, weil ja rein kommerziell. Wie aber sieht das im Privaten beim Online Big Dating aus? Hoffentlich anders, denn…
Every beginning SAS programmer learns the simple IF-THEN/ELSE statement for conditional processing in the SAS DATA step. The basic If-THEN statement handles two cases: if a condition is true, the program does one thing, otherwise the program does something else. Of course, you can handle more cases by using multiple
