Want to deploy digital twins as part of your predictive maintenance strategy? You should, for countless reasons that have been identified elsewhere. But like anything else worth doing in business, it’s a process – you need to know where your organization lands on the maturity curve, and where it’s going.
In principle, the best method of mitigating fraud is to set up a strong detection system. A system perceived as unbeatable will mean that potential fraudsters are discouraged from attempting anything and move on to easier targets. The premise of deterrence is that a system that detects fraud and abuse
Even with today's technology, it's hard to know precisely when, where and how weather-related damage will occur. Flooding costs are expected to rise drastically during the next 20 years and climate change is a constant threat. Unfortunately, natural disasters are here to stay, but we can try our best to
When patients miss appointments, it costs providers money and has serious health impacts on patients. Analytics can help improve scheduling processes for more effective use of resources and to ensure patients receive the care they need. In isolation, it doesn’t seem that missing a doctor’s appointment is that big of
Outliers provide much-needed insights into the actual relationships that influence the demand for products in the marketplace. They are particularly useful when modeling consumer behavior where abnormalities are common occurrences or unforeseen disruptions that impact consumer demand. But why do demand planners cleanse out outliers, when many are not really
Construction is the second largest industry in the world with a market value of $12.5 trillion, accounting for 13% of the world’s GDP. Financial services are the only industry ahead of construction, with a market value of $22.5 trillion. There are many differences between the two industries, but the most
Lisa Lucas explains why people, knowledge and tech are vital for contact tracing.
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
When it comes to forecasting new product launches, executives say that it's a frustrating, almost futile, effort. The reason? Minimal data, limited analytic capabilities and a general uncertainty surrounding a new product launch. Not to mention the ever-changing marketplace. Nevertheless, companies cannot disregard the need for a new product forecast
Whether you're reading industry articles about smart tags or analyst reports about inventory tracking, you've probably noticed an uptick in coverage on the adoption of IoT (and RFID) in retail. Since I've been following these topics for awhile, I've decided to dedicate a series of posts on the ways IoT can be used
Diesen Sommer war ich in Griechenland und habe dort auch das Orakel von Delphi im Tempel des Apollon besucht. Unser Tourguide erzählte uns, dass das Orakel vom siebten Jahrhundert v. Chr. bis zum vierten Jahrhundert n. Chr. für Prophezeiungen konsultiert wurde. Das ist beeindruckend: Es ist vermutlich die erste und
„Hab‘ mich lang nicht hören lassen“, entschuldigt sich Lenin völlig unbolschewistisch. „Der Rote Rapper, - Sie wissen schon, so wird unser Service-Manager genannt -, hat mich in Atem gehalten mit seinen Reimen: Cloud connect, nix perfekt ... Jedenfalls setzen wir Eure Software nun in der Cloud und at the Edge
Recently, Scott Jackson, Director Business Intelligence at the University of North Carolina at Chapel Hill shared their data quality, reporting and analytics journey. They're using SAS in a multitude of ways – from operations, institutional research, athletics – and are now looking to scale to the enterprise. They've been so successful
Like the fabled winds of song, new students come sweepin’ down the plains to the University of Oklahoma, with a little help from analytics. I recently had the opportunity to chat with Lisa Moore, Data Scientist at the University of Oklahoma, on her expanding use of predictive analytics. It had
Bloomberg Government reported in the 2017 fiscal year that federal agencies could commit more than $1 billion on countermeasures for insider threats. Whether that number turned out to be accurate or not, it highlights the priority that the federal government is placing on protecting its information and data from being
Die Diskussionen im IT-Umfeld kreisen heute vorwiegend um Trendthemen wie künstliche Intelligenz (KI), Machine Learning, Chatbots, Blockchain oder Hackathons. Von Business Intelligence (BI) ist kaum noch die Rede. Bedeutet das also, dass diese inzwischen überflüssig ist? Die Antwort auf diese Frage lautet definitiv: nein. Dennoch lohnt sich ein genauerer Blick,
Today in higher education, savvy users expect to have the information they need to make data-informed decisions at their fingertips. As such, leaders in institutional research (IR) are under pressure to provide these users with accurate data, reports and analyses. IR has been tasked with transforming data and reports in
This predictive analytics post continues a blog series that highlights education leaders sharing successes and challenges of using data to drive school improvement. Sampson County Schools is a small rural school district in southeastern North Carolina. While overall graduation rates in the county were improving, one school wanted to do
The financial crisis led to a deep reflection on the things that Banks and other financial institutions were doing wrong. The most significant factor that led to bad business decisions and in extend the results that we have all been experiencing the past few years, was uninformed analytics. This is
This student projections post kicks off a series highlighting education leaders sharing the celebrations, and challenges, of using data to drive school improvement. These are real teachers, principals and superintendents working to foster academic growth for every student in their schools and districts. As we near the end of the first
Asking about the benefits of artificial intelligence and machine learning reminds me a little of the transition to suitcases with wheels. Do you remember lugging around those old suitcases? If not, good for you - this original advertisement from US Luggage will take you back! Thank Bernard Sadow for persistence with his
Under-utilized technology creates a drag on an organization. The ability to get more out of the tools you already use can increase the value of an existing investment, and that value grows as processes become more efficient and decisions are based on firmer foundations. Consider the facilities engineer at an
Using the past to predict the future is a time-honoured practice. Of course it can backfire — which is why financial services firms are required to inform us that ‘past performance is not a guide to future performance’ — but customer behavior is often remarkably consistent. Which is why the
In my last blog post, I introduced common concerns I’ve heard about predictive analytics in child well-being efforts. In this post, I want to address those concerns and reassure leaders and advocates that predictive analytics can be a tremendous boon to our ability to help kids and ease the burden on
Analytics, statistics, operations research, data science and machine learning - with which term do you prefer associate? Are you from the House of Capulet or Montague, or do you even care? Shakespeare's Juliet derides excess identification with names in the famous play, Romeo and Juliet. "What's in a name? That which we call
When you go to the grocery store, you see that items of a similar nature are displayed nearby to each other. When you organize the clothes in your closet, you put similar items together (e.g. shirts in one section, pants in another). Every personal organizing tip on the web to
As state and local government leaders and community advocates explore how predictive analytics can improve child well-being outcomes, many questions and potential concerns surface. It is critical to understand that government youth services agencies across the United States have used actuarial Risk & Need Assessment tools for many years. Many
“And the weather yesterday was a sunny 18oC with warm spells in the south and showers in the north. This is similar to the pattern we saw last Thursday.” Imagine if the weather forecast only restated what happened in the past -- would we bother waiting until the end of
The Barnett Shale in North Texas hit a historic mark on April 25: Its rig count fell to zero. Two hundred rigs once harvested the 40 trillion cubic feet of natural gas in this massive basin, stretching beneath 17 Texas counties. Today, nothing. This dramatic silence in North America’s second-largest
„Oh Mann, mach ihn doch rein.“ Wer kennt das nicht, man fiebert live im Stadion oder auf der heimischen Couch mit seinem Lieblingsteam, das gerade versucht, ein wichtiges Match zu gewinnen oder die langersehnte Trophäe zu ergattern. Ja, und dann sitzt man da auf seinem Sitz oder im Sessel und
