In the oil and gas industry, analytics are used to improve both upstream and downstream operations, from optimizing exploration and forecasting production to reducing commodity trading risk and understanding customer's energy needs. If you plan to derive value from the digital oil field, big data, and analytics, one of the first things
Oh, how times have changed during my 20-plus years in the insurance industry. Data wasn’t a word we used much back in the 80s and 90s, unless of course you worked in those arcane and mysterious IT data centres. Even amidst the computerisation of the insurance industry in the 80s, many
In my previous blog post, I discussed the benefits of a Statewide Longitudinal Data System (SLDS) and shared a SAS book on the subject: Implement, Improve and Expand Your Statewide Longitudinal Data System by Armistead W Sapp III and Jamie McQuiggan. Today, I'm sharing a conversation I had with one of the book’s authors,
You have to be "in it to win it" as they say. This is becoming the case for many organisations that need to start using data to make better, evidence-based business decisions. Today, using analytics is not so much a data lottery as a data necessity. Some businesses may not
During a lighthearted moment in a serious conversation, Howard Schmidt, cyber security advisor to multiple presidents, told a Wall Street Journal interviewer that relying on a government agency as your primary backstop during a major cyber security breach is akin to calling Ghostbusters: you might not get the help you
The amount of data being produced and captured from the plant floor today is staggering. When you add it all up, a factory can easily generate over 34 Terabytes of data per day, or nearly 9 Petabytes a year - that's 9 Million Gigabytes! Yet, with all of those systems, and all
We’ve been talking about data recently at the Analytic Hospitality Executive. I’ve advocated to use whatever data you have, big or small, to get started today on analytic initiatives that will help you avoid big data paralysis. In this blog, I’m going to get a bit more technical than usual
What's that productivity related quote by Charles Dickens? "My advice is never do tomorrow what you can do today." For years, machine learning has been written about and discussed widely with a focus on the benefits it will bring in the near future. But guess what? The future for machine learning
I’ve had a lot of discussions with business leaders around the discrepancy between big data investment fears and successful use cases. Most of them say that "the quest for the golden use case" takes too much time and is usually not successful in the end. Ultimately, this quest can lead to
We recently met up with Paul Bennett, a member of the GB Rowing Team and current World Champion, and Laurie Miles, Head of Analytics for SAS UK & Ireland, who has been analyzing the team's data. They chatted about data, the life and mind of an elite sportsman, and uncovered some
