Al momento de redactar este articulo recordé una nota que describe el actual entorno en las organizaciones bancarias, de gobierno, aseguradoras y salud citada del Profesor David J Hand en su libro titulado "Fraud Analytics Using Descriptive, Predictive, and Social Network Techniques", "Fraud will always be with us". Esta línea
“What keeps you awake at night?” my colleague asked me. At the time, I was a child protective services administrator responsible for thousands of at risk children on any given day. While there were many things that weighed on my mind, worker turnover created many sleepless nights, and days filled
Imagine trying to make the right decision for a child in protective custody if your information was limited only to what was reported to your department about a single incident. Without additional information about the child’s home environment, health and education, criminal background of adults in the child’s life, and
We have all been there. You are face to face with a test question. You stare at the page or screen, your mind is racing, your eyes scanning the question and then the answer options and then the question again. Your brain is straining to recall the information. Time is ticking. Frustrated at
Government organizations are seeking new and innovative ways to use an abundance of data – both internally for government operations and externally to provide the public with greater access to information. This intersection of open and internal government data is the topic of a Route Fifty webinar taking place on
Barbarians are relentless, and they are inside the gates! That didn't go well for the Romans, and they had the most advanced technologies of their day. So how do we do better against the relentless waves of cyber barbarians attacking virtually everywhere? The answer to that is analytics, which offers early
Identity quizzes are a hot topic among fraud fighters, and particularly so among tax administrators. A quick web search finds that a lot of state tax agencies use quizzes to fight refund fraud, including Indiana, Louisiana, and Ohio. Even the IRS has gotten into the game. In reading the press
Last week I had the pleasure of attending (with six of my SAS colleagues) the IBF's Best Practices Forecasting Conference in Orlando. Some of the highlights: Charlie Chase and I were interviewed by Russell Goodman of SupplyChainBrain.com. The videos will be posted on SCB's website later this year. Meantime, enjoy
So you think you know how to forecast? Now is your chance to prove it, by participating in a probabilistic load forecasting competition run by my friend (and former SAS colleague), Dr. Tao Hong. Currently a professor at UNC Charlotte and director of the Big Data Energy Analytics Laboratory (BigDEAL),
I moved to Australia from Belgium two months ago for a short-term assignment. I am very concerned by the exchange rate. My dollars have lost over 15% of their value in euros and I share my frustration around me. People tell me, "Just wait, it cannot stay so low, the
New York City is a pioneer in use of technology in many ways. For instance, the work of the Mayor’s Office of Data Analytics has been cited repeatedly as an example of smart city innovation. But the innovation doesn’t stop there. Two projects that used SAS data visualization and data
Since our last VirtualOil update in May, oil prices have continued to take a beating. As the chart of the rolling five-year portfolio shows, much of our strip of options is now out-of-the-money and the average value per barrel of that optionality has sunk below $7. No surprise then that
You may not be in London on October 7 to take advantage of the Lancaster Centre for Forecasting's free workshop on promotional forecasting. However, there are still plenty of forecasting educational opportunities coming up this fall: SAS Business Knowledge Series Best Practices in Demand-Driven Forecasting (Chicago, September 24-25) My colleague
Our friends at the Lancaster Centre for Forecasting have announced their next free practitioner workshop. It will be held Wednesday October 7,1:00-5:15pm, at BMA House, Tavistock Square, London WC1H. This session's top is: Promotional Modelling and Forecasting Understanding and forecasting the effects of a promotion for both retailers and manufacturers
Dust off that old aphorism about an ounce of prevention. Oil companies applying analytics for predictive maintenance can see a substantial downtick in the unanticipated equipment repairs that quickly eat into an oil well’s profitability. Maintenance is far from a trivial concern in the oilfield. A pumping oil well is
Love them or hate them, value-added models (VAMs) have changed the way we look at education today. VAMs have reshaped our thinking about the effectiveness of programs, schools, educators and colleges that prepare them. While VAMs have been used in the social sciences for decades, we can credit a few
SAS/IIF Grant to Promote Research on Forecasting For the thirteenth year, the International Institute of Forecasters, in collaboration with SAS, is proud to announce financial support for research on how to improve forecasting methods and business forecasting practice. The award for the 2015-2016 year will be (2) $5,000 grants. The
I remember when I first started in public child welfare 21 years ago and the word "outcomes" was introduced. At that time, we believed that if it felt good and children and families seemed happy that we were doing a good job - those were our outcomes. We were wrong.
This month we take a fresh analytical view of our hypothetical VirtualOil portfolio by comparing the forward price of WTI (the green line) to the prompt month price (red line). The resulting graphic (chart 1) demonstrates the relative stability of the 48-month forward price in contrast to a very active spot
A proof of concept (POC) is smartest way for customers to evaluate if a product meets the required objectives, and the best way for vendors to demonstrate why they feel they are best placed to resolve the current outstanding problems. However, not all POCs are successful. Let’s explore why. What is
In 1988 President Ronald Reagan proclaimed May as National Foster Care Month as a way to recognize foster parents for opening their homes to and caring for children in need. This annual celebration has grown to generate awareness of foster care and a recognition of all involved. The children, foster
Everyone loves a “mental health” day, one of those days when we get to relax and escape from the everyday worries and stresses of life. Imagine the challenge of dealing with true mental health issues everyday – especially as a child or youth where mental health issues can cause isolation,
With the recent introduction of the Protecting American Talent and Entrepreneurship (PATENT Act), the US Senate set aside partisan politics to take on a problem that plagues all industries, but especially high-tech. In front of Congress, in the media and in a previous blog post, I have decried the current
“What we do to our children they will do to society.” Greek philosopher Pliny the Elder said that more than 2,000 years ago, and it’s just as true today. In 2013, more than 600,000 children in the US were confirmed victims of maltreatment in the home, according to U.S. Department
The SAS Business Knowledge Series now offers an online version of the "Forecast Value Added Analysis" course, taught via live web in two afternoon sessions, May 7-8. The instructor is my colleague Chip Wells, who expanded our original 1/2 day FVA workshop with new material, examples, and exercises based on his
Oil is bouncing around the $50 range as the market adds and loses value with each new headline, from potential new Iranian exports after the nuclear talks to the slowest month of inventory builds at Cushing since Thanksgiving. The US rigcount is down nearly 23 percent year-over-year, but the rate
Tax fraud…5-7 years in prison. I thought I had it all figured out. The government wades through millions of returns and tries to issue refunds quickly. Sure, I filed over a thousand for my clients, but that’s just a blip on their radar. I never thought I’d get caught. But
In February of this year, the Washington Business Journal reported the US Government appointed its first Chief Data Scientist, DJ Patil. With this, I think it’s now safe to say that Data Science is officially sanctioned as new mode in organizations. Those that can apply the necessary finesse along with
March is national Social Work Month and this year the National Association of Social Workers celebrates its 60th anniversary of facilitating positive social changes and improving the lives of individuals and families. Social work is a profession that considers the needs of others every day. Individuals who dedicate themselves to
SAS und Hadoop: Immer mehr Unternehmen stellen Überlegungen zum Einsatz von Hadoop als Framework für verteiltes Speichern und Verarbeiten großer Datenmengen an. Gerade für das Speichern von un- oder semistrukturierten Daten wie soziale Medien, Blogs, Foren, Online-Shops oder maschinengenerierte Sensordaten bietet sich diese Plattform an. Natürlich besteht häufig der Wunsch,
