My Mum could have been a doctor – most can’t read her handwriting. It’s only because I’ve been trained to read it, I can. The analysis of unstructured data is similar. Text analysts can be quickly overwhelmed to learn that you have to manually develop a training corpus. Reading a
Going Beyond Regulatory-Mandated Tests to Achieve True Risk Management I regularly hear banking customers talk about ‘sweating their assets’ - leveraging their substantial investments in expanded teams of risk analysts, re-engineered processes and new risk systems for Basel II and III compliance – to gain better insights into their business.
I love Christmas, but there is one thing I never seem to get right: the office Secret Santa. Every year I draw someone I’ve barely met and fruitlessly dig around for clues – only to find myself hastily wrapping a scented candle/novelty mug at the eleventh hour. Merry Christmas Sandra
By infusing analytics through every phase of the guest journey, hotel managers can help shore up the complicated balance between the guest experience and revenue and profit responsibilities – delivering memorable and personalized guest experiences, while maximizing revenue and profits. To accomplish this, hotels need to be able to collect,
After sporting events or major elections like the recent U.S. mid-term Senate elections, I tend to look back at how various predictions performed prior to these events, to find out who got it right. My interest in this was spawned after reading Nate Silver’s book The Signal and the Noise,
Data has value IF you can analyze it, said participants at a big data analytics roundtable at the Premier Business Leadership Series in Las Vegas. In attendance were executives from some of the largest Communications companies in the world including from the US, Canada, Turkey, Japan, Australia and the Philippines as well
I’m a huge Apple fan. I woke up at 3 AM EST a few weeks ago to order my new iPhone 6. Ever since this new device was announced, I’ve been intrigued with Apple Pay as well. The new iPhone 6 uses NFC (Near Field Communication) to enable contact-less payments.
There are two ways you can react to a “Hey – that was my idea” situation. The first would be to throw a pity party and lament about how unfair life is – if only the car hadn’t broken down and I didn’t have grass to mow and laundry to
With big data, data governance challenges escalate in many ways: The diversity of data sources means that there are minimal standards for data structure, definition, semantics and content. The lack of control over data production means that you can’t enforce data quality at the source as you can do with
When legendary travelling folk singer-songwriter Woody Guthrie summarized his approach to organizing workers, he said, “Take it easy, but take it.” Wise words to ponder in any case, but certainly whenever we put big data on the back burner to talk statistics instead. In the context of Big Data, I
