SAS Voices
News and views from the people who make SAS a great place to work
Oil companies are being forced to explore in geologically complex and remote areas to exploit more unconventional hydrocarbon deposits. New engineering technology has pushed the envelope of previous upstream experience. No guidebook existed on how computing methodologies can contribute to E&P performance at reduced risk. Until now. A new book
Insights from decision trees and other basic analytic techniques show that you don’t always need complex analytics to solve business problems and add value. This was the message from Dr. James (Jim) Foster, Director of Research and Process Development, Archer Daniels Midland (ADM), at last month’s inaugural IE Group ‘Manufacturing Analytics
Principle 9: Risk management reports should communicate information in a clear and concise manner. Reports should be easy to understand yet comprehensive enough to facilitate informed decision-making. Reports should include meaningful information tailored to the needs of the recipients. While the data management and data aggregation principles have been heavily
So far in our Ask the Statistician blog and video series, we have heard responses from statisticians at the Analytics 2013 conference about: The many ways statistics benefit their organizations. The types of statistical analyses used to solve business issues. Best practices for explaining results. How they put statistical
Do you ever look at a chart or graph and think about what it’s really trying to reveal? All the time, right? Visualizations are useful because they allow us to analyze information much quicker than if we were to look at the raw data by itself. I say this with
Principle 7: Accuracy - Risk management reports should accurately and precisely convey aggregated risk data and reflect risk in an exact manner. Reports should be reconciled and validated. Successful demonstration of Principle 7 requires senior management to rely upon the information presented in risk reporting. Since forward-looking strategic decisions are