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
That there is a growing shortage of analytical talent in most of the economies of the world is clear. In a May 2011 report, the McKinsey Global Institute put some numbers on the demand: “By 2018, the United States alone could face a shortage of 140,000 to 190,000 people with
From the largest corporation to a small startup, data overload can be a crippling problem. Just ask this big guy ... Now you know. Happy holidays!
The role of the CIO is changing. Or was that the CFO? The CEO maybe? Somebody's role is changing, that much I do know. How many times have you read just such an opening statement in an article or white paper and muttered “duh?” to yourself before moving on to
In the last year, SAS CEO Jim Goodnight and a group of R&D, Education, Sales and Marketing executives visited several universities that are in the early stages of adopting analytics within their business programs. To that effort, Goodnight addressed faculty and students at Indiana University's Kelley School of Business on
If you are feeling out of sorts, a bit down and out, and want to take it all the way to full-blown depression, have I got a book recommendation for you: “Normal Accidents”, by Charles Perrow (1984). Perrow’s premise is that we have designed certain systems, nuclear reactors being his primary
We few, we happy few, we band of brothers; For he to-day that sheds his blood with me Shall be my brother; … These lines are from the famous St. Crispin’s Day speech of Shakespeare’s historical play Henry V. King Henry V of England motivated his troops before the Battle
The Obama Administration and subprime lenders agree on one thing: Borrowers with bad credit lack the clout - both financial and political - to rebuild their lives without help from somebody ... somewhere. Where they disagree - royally - is over how. The Credit Card Accountability, Responsibility and Disclosure Act of
Here is a four-stage approach to financial forecasting. I urge you to seriously consider adopting at least level 1, then next look at how layering on the other stages might transform your approach to business planning. The four stages are: (1) Multiple Forecast Inputs, (2) Marco Polo, (3) Driver-based forecasting,
The SAS Power Series Tour had its most recent stop in the heart of Silicon Valley, San Jose. This gave me another chance to test my hypothesis that firms in the Valley are not big users of analytics. My theory goes that high-tech firms are much more focused on creating
A current media hype phrase used to describe the ever-growing volume and size of corporate information is "big data." SAS hosts an annual series of business leadership conferences that bring together industry thought leaders, innovators, world leaders, challengers and inspirational speakers to discuss the dynamics needed for a competitive future.
Nobody wants to rub people the wrong way. We've all done it, even if word never got back to us that it happened. Having ample first-hand experience with this, I deeply appreciated the opening keynote by MIT's Michael Schrage at the 2011 Disney Analytics & Optimization Summit. Schrage, research fellow
Most health care organizations either intentionally or due to some inability don’t use outside information (not just referals) in their search for fraud. There are great numbers of valid reasons for this: HIPAA, security, usable/current data sources, inflexible information systems or processes, restrictive compliance & IT departments, and the list
There is a lot of talk hither and yon about a “double-dip” recession. Not at all uncommon when you consider past recessions. Let’s take a look at some data from the June 2011 survey of senior financial executives from the Manufacturers Alliance/MAPI to dig into the double dip theories. MAPI
After a couple of solid days speaking to business leaders, listening to some of the world’s thought leaders and leading a panel discussion with the analytics leaders from DBS Bank, Allianz and Volvo Trucks, what have I learned about business analytics and what it takes to succeed? The first clue
Take a quick look at the two graphs below. Which one appears to be the LEAST complex construction? You might initially suppose it’s the bottom one, nothing but bar graphs, and maybe just one bar graph, the tallest one on the
In a business environment that is increasingly global and technological, many businesses are finding themselves subject to two significant challenges: If your product or service can be “made,” it can be copied and someone else can make it cheaper and/or better. Customers are becoming ever more knowledgeable about products, vendors
Contributed by Chad Austin, SAS Internal Communications The Institute for Operations Research and Management Science (INFORMS) is historically the world’s largest society for professionals in the field of operations research (OR) and management science. Recently, Manoj Chari, Senior R&D Director responsible for operations research at SAS, served on a panel
A popular custom among the diminutive hobbits of J.R.R. Tolkien’s Middle-earth was giving away presents on their birthdays instead of receiving them. This week, SAS toasted its birthday, celebrating 35 years as an analytic innovator, by giving its customers a gift: the latest version of SAS analytics and data management
Thousands of people have participated in this year's Applying Business Analytics Webinar Series, and now is your chance to get in on it too! Whether you are able to join in live on July 20 or view later on demand, you'll want to catch the complimentary Webinar, “Text Analytics –
I was under the impression that Black Swans were supposed to be rare. Rare enough to be effectively non-computable by standard methods. Nassim Taleb’s formulation of the Black Swan Theory is comprised of the three traits of: outlier (rarity), extreme impact, and retrospective predictability (i.e. 20/20 hindsight). I write this
“Our performance last month was 46.” Oh, you don’t have to thank me, I was just doing my job. Not very well, I might add. 46? 46 what? Or 46 who’s? Without context, 46 is just a number, just data. In context, perhaps that’s 46 out of 48 (not too
Are we oversimplifying customer segmentation and treatment strategies? SAS Marketing Director Jonathan Hornby thinks so. He also believes customer lifetime value should include an understanding of sentiment, influence and the value of collaboration with your customers. In fact, if you're not factoring these items into your customer segmentations, you're probably
I recently conducted a financial planning exercising to focus on savings – after all, college tuition rates are climbing and by the time my son goes to school in 18 years or so, I may be looking at $60,000 a year for a public university. Now is the time to
A midsize regional health insurer with approximately 3,000 employees across 10 locations in the Western United States created a role for a business continuity manager (BCM) reporting to the chief operating officer. In this organization, the enterprise risk management (ERM) functions, established in 2004, are owned by the chief legal
