For some odd reason, the open-source Apache Hadoop ecosystem consists of cleverly named components that seem to have escaped from the Central Park Zoo. You may be aware that the little yellow elephant named Hadoop was actually a stuffed toy that Doug Cutting’s son owned. (Doug is the co-creator of
From figuring out the optimal price a company should charge for soup to forecasting an organization's financial outcomes, each day brings a new business challenge for Wendy McHenry, systems engineer at SAS. Her "How can we help?" attitude is only part of the equation for successful customer relationships. Find out how math
Collecting data quickly and efficiently is a focus for businesses regardless of their size. For small and mid-sized businesses, successfully managing data without being a burden on an understaffed and overworked IT department can be an added challenge. Plus, there is the added responsibility of making sure ACCURATE data is
I remarked in an earlier post (“BI and Better Decisions”) that, prior to joining SAS, while I understood analytics and performance management just fine, the phrase ‘business intelligence’ was not in my vocabulary”. Turns out I’m not the only finance professional so inflicted. I was invited last week to give a
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
Ever since the term "big data" has popped up as a hot topic, you may have also heard about this "new" role called the data scientist. This is an important role that helps derive insight out of any sized data by applying knowledge about analytics to help solve business problems. I would argue that
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
Here’s the thing, if you are a small or midsize business, you realize (better than anyone) how there is really nothing small or midsize about what you do. It is simply business ... and just like with all the Fortune 500 monster companies out there, you face the same dilemmas
Thanks to Illumino, the citizens of Datapolis are still able to get their medicine and Frackture is being kept at bay; however we both have our hands full and a new crisis is on the horizon. Our data scientists and engineers have informed me that a new evil force is
In the video below, you'll hear a great explanation from SAS CTO Keith Collins about the benefits of high-performance analytics, and why it's not just about getting answers faster. He also tells interviewer Karin Reed which SAS procedures are being optimized for high-performance analytics and provides up dates about big
