Question: What is the maximum level of accuracy with which you can predict the toss of a fair coin? Answer: 50% It does not matter that you’ve set a mandatory minimum forecast accuracy level of 90%, or even 60%. There is no incentive, no bonus, no allocation of restricted stock
I have been privileged to have had the opportunity to contribute to the recently published, “Positioned – Strategic Workforce Planning that gets the Right Person in the Right Job”, co-edited by Rob Tripp, Workforce Planning Manager at Ford Motor Company. The list of contributors is a Who’s Who of strategic
Did you have a favorite SAS blog or blogger this year? Maybe you discovered something about big data or learned a useful statistical programming technique. Or maybe you found a SAS blogger who makes you laugh. Let's look at the best of the best SAS blogs and blog posts this
Wouldn’t it be great if we could predict the future? As a kid, I liked to write sci-fi stories. I wrote stories about what the year 2000 would be like: flying cars, robots, and talking dogs. OK, I won’t admit what year I was actually writing these stories, but back
Last week in my post, Revenue Management vs. Price Optimization: Part One, I explored the practice of practice of hospitality revenue management, its origins in the airlines and how it was changed for use in the hospitality industry. This week I will explore how price optimization has evolved and how
Here at the Analytic Hospitality Executive, we are often asked the question “How is price optimization different from revenue management?” It’s a simple question that has become increasingly difficult to answer – largely due to the evolution of revenue management practices, and the very definition of revenue management. In this
How does in-memory analytics really work? What is the simplest and most effective way to work with Hadoop? Why is billion the new million? In this interview, Oliver Schabenberger, Lead Developer for SAS High-Performance Analytics answers those questions and explains how his team has helped SAS evolve to tackle complex
That there is a growing shortage of analytical talent in most of the economies of the world is clear. In a May 2011 report, the McKinsey Global Institute put some numbers on the demand: “By 2018, the United States alone could face a shortage of 140,000 to 190,000 people with
What brings more than 20,000 retailers to NYC in mid-January? I can promise you, it’s not the balmy 15 degree temperatures -- it’s the 101st NRF BIG SHOW, where SAS is a platinum sponsor. This is my first year attending this event – and it’s a bit overwhelming, so here’s a
Hear directly from an organization that is firing on all cylinders with analytics and achieving true data-driven insight in all its business areas. On Dec. 14, SAS customer Kelley Blue Book (KBB) and SAS Alliance partner Modern Analytics will share firsthand learnings during a live webinar, "Analytics – An Inside Perspective,”
