In the Cold War techno-thriller WarGames, a marine monitoring a nuclear missile silo deep under the Nevada desert sees a red warning light blink on his console. “Just flick it with your finger,” his colleague tells him. He does, and the bulb goes out. Problem solved. But what will their
Tag: business analytics
“Let’s assume a normal distribution …” Ugh! That was your first mistake. Why do we make this assumption? It can’t be because we want to be able to mentally compute standard deviations, because we can’t and don’t it that way in practice. No, we assume a normal distribution to simplify
Flexibility and nimbleness are terms synonymous with small and mid-sized businesses. They have the ability to react quickly to changing market conditions as they are made aware of them. Traditionally these businesses have lived in the world of spreadsheets - and why not? They are easy to use, very affordable
The rise of analytics and big data presents a once-in-a-generation opportunity for organisations to put themselves at the cutting edge, to create a competitive advantage by developing a culture of analytical success within their organisation. Yet most seem unable to grasp the opportunity that is within their reach. Eric Hoffer
You might assume that a battle-tested businessman with a gruff exterior and a taste for salty language lacks an inner child, but you’d be wrong. Exhibit A is this little-known fact: I have a soft spot for animated Disney movies. Now, I could try to bluff a bit and say
Would you build a house without a proper foundation? Most of us wouldn’t dare, but that’s exactly what many retail businesses are doing today. When building a house, if you don’t get the foundation right, paint, wallpaper and fixtures won’t matter much. It’s no different in the retail industry. Success
The rumors, flying for many moons now, have turned out to be true. Followed by U2's new album release, Apple announced the launch of the Apple Watch for early 2015. Apple has finally unveiled its first foray into wearable technology. The Apple Watch (yep, not the iWatch), is an Apple
In the morning at 6am my iPhone buzzes. But it is not the alarm clock, rather it's important information from an app. What is this, I think to myself and look sleepily at the screen: "Danger of black ice! Already 15 km traffic jam on the A3 towards Cologne!
Imagine la siguiente situación: usted va al médico y le dice que algo le duele en la zona inferior del pecho. Ahora basado en esta corta descripción usted espera a que él le dé un diagnóstico y a que le sugiriera alguna terapia específica incluyendo un tiempo y un costo.
Imagine this situation: You go to you doctor and tell her that "something hurts in the lower chest area." Now, based on this short description of your pain, you expect her to come up with a precise diagnosis and a specific therapy suggestion, including treatment time and associated cost. Sound
What insights can be gained from the massive amounts of data that allow us to make decisions that deliver the best results? Data vs. information is an ongoing battle. Many people look for more data to make confident decisions. However, what most people seek is insight. Retailers always have tracked
IT folks love SQL (Standard Query Language). Once you know how to program in SQL, you can work with almost any database because it is a standard. However, SQL is NOT a standard for doing analytics. The SAS programming language pre-dates SQL and even though SAS does SQL, SQL does not
Las crisis financieras han ocurrido desde los inicios de la historia mundial y forman parte de la naturaleza de los ciclos económicos. Es casi imposible evitarlas, pero sí se pueden desarrollar mecanismos de control y prevención que permitan al sistema financiero fortalecerse y mitigar sus efectos y propagación. Según Javier
Over the years, in all my roles within SAS, I've been asked by customers, friends, family and all sorts of people, "What does SAS do?" Bottom-line: SAS delivers results across the organization, because that is what it was designed to do. Specifically, SAS was designed to deliver analytic results, which
Our perceptions can impact others and influence decisions. As a result, I always like to understand each customer's perception of what SAS is and what we do. There is no right or wrong answer to this question, however the response provides me with a chance to listen to our customers.
Industry-changing dynamics like mobility, smart products, social media and embedded computing put a premium on big data and the insights you can gain from organizational data. As a result, the opportunity to be disruptive with analytics has never been greater. Yet, when it comes to making analytics work, not all organizations
If you've watched any of the demos for SAS Visual Analytics (or even tried it yourself!), you have probably seen this nifty exploration of multiple measures. It's a way to look at how multiple measures are correlated with one another, using a diagonal heat map chart. The "stronger" the color
Couldn’t make SAS Global Forum in person this week? You don’t have to miss out on any of the great news announcements being made in San Francisco. Here’s a quick rundown. At SAS we have big data on the brain, and SAS Global Forum is our opportunity to showcase SAS
I have been privileged to have had the opportunity to contribute to the recently published, “Positioned – Strategic Workforce Planning that gets the Right Person in the Right Job”, co-edited by Rob Tripp, Workforce Planning Manager at Ford Motor Company. The list of contributors is a Who’s Who of strategic
Dateline: October 4, 2012 – Facebook reaches one billion users! One billion people connected on a single platform; one-seventh of the world’s population. If you assume 40,000 BCE as the start of modern humans, it took the planet 41,804 years to reach a population level of one billion; it took
It goes without saying that if you know the value of analytics, it can sometimes be frustrating when leaders who may not have an analytic background do not understand or see the difference between basic reporting and advanced analytics. At SAS, we often refer to those two very different things
In case you are wondering, yes, I am reusing the same graphic from last week, but this time to make a contrasting point. Last time, in “The Skeptical CFO” I was focused on the VARIABILITY in the data and the forecast. This week, however, we’re headed in the opposite direction,
During a recent presentation on performance management I had an audience member ask me if perhaps I had minored in cynicism along with my degree in finance. I replied that, with the science, psychology and philosophy I’d taken, I probably had minored in skepticism, but that the cynicism came later,
Did you ever experience a time where you hear or see the same thing over and over again? Whether you chalk it up to coincidence, immersion or saturation, you clearly start seeing the same ideas or topics discussed in multiple places. Lately, I have been hearing about the topic of
If you need to calculate the mean, sum, standard deviation, or frequency count for a variable, you'll find it pretty easy to accomplish in SAS Enterprise Guide. The corresponding tasks in the menus have names like "Summary Statistics" or "One-way Frequencies". Obvious, right? Often, researchers or students have a quest
SAS Dress Code In addition to providing great software for forecasting (and business analytics in general), SAS is also renowned as a great place to work. (See #1, #1, and #3 rankings the past three years in the Fortune 100 Best Companies to Work For.) Part of this greatness is due
Like Vince said a few days ago, you don’t have to be Goliath to see how the intersection of big data and high performance analytics creates competitive advantage. Let’s also be realistic though: compared to someone like Walmart, pretty much everyone’s David! While Telstra and the Commonwealth Bank may not be the largest companies by global measures, they’re still
In my last blog post I revealed the WOW factor of SAS Visual Analytics. In summary: analyzing billions of rows of data, across vast numbers of columns, via 100+ correlation calculations in SECONDS (wow). What exactly does that mean? SAS Visual Analytics takes full advantage of SAS’ high-performance analytics technology.
When you begin your career your most important skills are your hard, technical skills; the finance and accounting, the statistics and economics, the physics and chemistry, the engineering and calculus. But as I tell my business school mentees, as your career progresses, the emphasis changes such that much sooner than