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
How can you access relevant data quickly, even when it's big, complex data? How can you make more strategic business decisions with data and analytics? And make them faster? You need a two things: analytics and self-service business intelligence. This combination makes it easy to first understand and then present
From Gartner to IDC to the trade press, the watchwords in the supply chain for rest of this decade appear to be “resiliency” and “responsiveness”. It’s not going to be about promotion-based pull-through, and it’s most definitely not going to be about channel incentive-based push-through. What it’s going to be
IT support levels for different processes and business applications depend on many factors. So how are analytics projects generally supported? It's common for IT to view the implementation of advanced analytics as part of a production job or process, especially when analytic models are deployed into different operational systems that are
People who know me know that there’s one thing I hate at work – duplication of efforts. I’m not talking about working on a problem in a coordinated fashion. I’m talking about two or more people doing the same work, to answer the same question. Without coordination, there will be
All work and no play makes Ed a very dull boy. So, I took the family skiing last week. It was a blast. They had a good time out there shivering in the snow, doing stuff like: fall down, get up, repeat. Not my idea of fun. I spent my
Patent trolls, aka Non-Practicing Entities (NPE), assert patents against companies in an attempt to collect license fees, but do not otherwise manufacture products or provide services themselves. They use the cost of the litigation as leverage to force settlements from the operating companies. For small companies, it could mean closing their doors.
In this interconnected world, it is more important than ever to understand not just details about your data, but also how its different parts are related to each other. Social networks reveal often surprising details about what people think about your product or services, how they are linked to other
I had the opportunity to moderate a roundtable discussion on risk management at the International Institute for Analytics’ (IIA) winter symposium in Orlando earlier this month. I set the stage for the session with a brief overview of my favorite risk approach, “Competing on Value”, by Mack Hannan and Peter
When the Apple Macintosh hit the market, analysts were not impressed. But Steve Jobs’ vision ended up transforming our lives. Apple is celebrating its 30th anniversary this year and has become a global household name. Jobs’ ability to direct his organization to develop easy to use products not only met
