As you will have read in my last blog, businesses are demanding better outcomes, and through IoT initiatives big data is only getting bigger. This presents a clear opportunity for organisations to start thinking seriously about how to leverage analytics with their other investments. Demands on supply chains have also
Have you ever thought of selling sand on the beach? Neither have I. To most people the mere idea is preposterous. But isn’t it how all great discoveries, inventions and breakthroughs are made? Someone comes up with an outwardly crazy, outlandish idea, and despite all the skepticism, criticism, ostracism, ridicule
Across all industries, organizations are adopting a cloud-first strategy. What does it mean to be cloud-first? Broadly speaking, cloud first means using shared infrastructure instead of building and hosting your own private storage facility, systems, etc. Benefits of adopting a cloud-first strategy include cost savings and productivity improvements. However, what
How do you explain flat-line forecasts to senior management? Or, do you just make manual overrides to adjust the forecast? When there is no detectable trend or seasonality associated with your demand history, or something has disrupted the trend and/or seasonality, simple time series methods (i.e. naïve and simple
When a new Moon passes between the Earth and the Sun, the Moon can cast a shadow on certain regions of the Earth. This natural phenomenon creates a solar eclipse, meaning the Moon covers, or eclipses, your view of the Sun if you're in that region. No surprise that in
“They were the best of asteroids, they were the worst of asteroids.” ~ Charles Dickens Armstrong There are good asteroids, and there are bad asteroids. Good asteroids stay in their own neighborhoods and wait for us to come visit them. Bad asteroids, however, don’t wait for an invitation – they
Soccer (or football) fans everywhere will turn their eyes to France over the next month to cheer on amazing women from 24 countries contending on the global stage. These women compete at the highest level in an area that for too long was viewed as a man’s game. In many
Note: This is the second post in a series featuring analytics leaders in the utility industry. St. Louis is home to Anheuser Busch, the legendary Cardinals baseball team, and Ameren, where analytics rocks. More on this later. Ameren is a large investor-owned utility that serves St. Louis and the surrounding
The latest edition of The American Statistician is dedicated to proposals for living in a post p<.05 world, a world in which a statistical test with a result of “p<.05” is no longer given the importance it has previously been afforded. Decent, honorable researchers once discussed such things only in
Analytics can bring tremendous value to a business. However, investing in an analytics solution is often easier said than done. The key challenge is demonstrating the value of analytics without first investing in technology and resources. The solution? Take a results-based approach to establish the value of analytics by using
