This is the time of year when we like to make predictions about the upcoming year. Although I am optimistic about the potential of predictive analytics in the era of big data, I am also realistic about the nature of predictability regardless of how much data is used. For example, in
We are in the final countdown to the Analytics 2013 Conference to be held next week, October 21-22 at the Hyatt Regency Orlando. There is a power-packed agenda for the conference, featuring four very strong keynote presentations from Dr. Jim Goodnight, CEO of SAS; Ed Gaffin, Walt Disney World; Will Hakes,
Some recent press articles question the value of big data while a book takes the opposite approach; I’ll choose the middle way. The New York Times article ‘Is Big Data an Economic Big Dud?’ questions the value of digital data and the resulting increase in the amount of data. This
Did you know that more than 30,000 Americans die in traffic accidents every year? Interestingly, the U.S. import of mangoes from Brazil is found to be highly correlated with this fatality rate, as shown in the graph below. But are mango imports a good indicator of the future traffic fatality
My wife rescued a dog a couple of years ago from a rural North Carolina rest stop . We named her "DOTi" in honor of the Department of Transportation. It took a while for us to get into the swing of being responsible owners; sometimes the first to leave for
Netflix has made a big splash in the news with its use of big data. By analyzing millions of data points about the viewing habits of its customers, the movie delivery giant used the insight it gained to devise the "perfect show". One of the defining characteristics of the show,
The increasing use of predictive analytics in mission-critical business decisions and operations brings new challenges to the forefront for many of our customers. Throughout the last year I spoke to many customers about their use of predictive analytics and where they see areas of improvement to achieve even more success
Watching our nation approach the "fiscal cliff", and the dire predictions if we truly drive off it like the last scene in Thelma and Louise, has sharpened my view of the potential risks that huge gaps of fraud and abuse present to all of us. One of the key lessons
Several years ago my mom, bless her heart, bought a cell phone. Now, my mom is not what one would call “tech-savvy”. She has had the same car forever, same furniture for 25 years (well, she did get it reupholstered), even the same pots and pans that came as wedding
If you haven’t heard of an APCD, it’s one of those acronyms you need to know. All-Payer Claims Databases are simply databases that consist of claims data from all health care payers in a given state. This includes private payers such as Blue Cross Blue Shield, and public payers such
My sleep patterns are erratic (and somewhat torturous) – they range from sleeping solidly for eight hours a clip to me wandering aimlessly about the house at 3am. Unfortunately, the latter was the reality during the wee hours of Friday, July 20; I was up watching ESPN (my typical late
Water and wastewater treatment plants are among the most complex facilities built and maintained by utility companies, whether public or private. Each facility contains thousands of pieces of equipment worth millions of dollars that must operate in concert for the many complex treatment processes to function effectively. The consequences of these assets
