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Analytics

Find out how analytics, from data mining to cognitive computing, is changing the way we do business

Advanced Analytics | Analytics

Mike GillilandDecember 22, 2014 0

Do you have a forecasting research project?

The Lancaster Centre for Forecasting is seeking Master Student Projects in Forecasting, Data Mining, or Analytics for summer of 2015. Projects normally run from mid-May to mid-August, with reports issued a few weeks after. These projects are a cost efficient way for a company to carry out analytical work by

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Analytics | Customer Intelligence

Retail analytics Gilt retailer customer intelligence gift

Carl FarrellDecember 22, 2014 0

The best gift for retailers this season: analytics

It’s that time of year again, and I have retail on my mind. Not only because we’re reaching the peak of the holiday buying season, but because we at SAS are getting ready for one the biggest events on our calendar, the National Retail Federation tradeshow in January. As I’m

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Analytics | Data Visualization

Robert AllisonDecember 22, 2014 0

Santa's information dashboard - Version 2.0

How does Santa keep track of everything on his big night? I can't confirm or deny that he uses SAS software -- but if he does, it would look a lot like this! ... A couple of years ago, I blogged about a prototype dashboard that I wrote for Santa. This

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Analytics

Jennifer BellDecember 19, 2014 0

Student projections help teachers tailor instruction, improve student outcomes

Last week, I had lunch with a friend who I hadn’t seen in quite some time. As I approached the table, I noticed my friend busily writing away in her journal. With a fantastic smile, my friend shared that she was writing down her personal and professional goals for the

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Analytics

Jeremy RacineDecember 16, 2014 0

The promise of integrated care for mental illness prevention and treatment

The impact of mental illness on individuals, families, the health system and even the economy is broad and significant. In this, the latest post in my mental health series, I’d like to talk about what can be done to help. Prevention and early detection are just parts of an integrated

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Analytics | Data Visualization

Carmen GallagherDecember 16, 2014 0

Are you ready to graduate from spreadsheets to analytics?

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

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Analytics | Data Visualization

two business people looking at ipad

Alan LipsonDecember 12, 2014 0

Making 'management by walking around' more productive

The idea of "management by walking around" has been around for a while. First brought to prominence in Tom Peters and Robert Waterman’s best-seller In Search of Excellence, the concept is that managers get out of their offices and meet employees in their work areas to get a sense of how

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Advanced Analytics | Analytics

Mike GillilandDecember 12, 2014 0

Alfred Hitchcock and a classic forecasting scam

The Forecasting Savant Suppose you received an email from a self-proclaimed forecasting savant, advising you of a big upset in the upcoming mayoral election...and it turns out to be correct. You then get an email picking the underdog in the next championship boxing match...which is right again. Over the course

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Analytics

Caroline McCullenDecember 11, 2014 0

SAS coders descend on 30 schools for the Hour of Code

Last year during Computer Science Education Week, some in the corporate community participated in The Hour of Code. To those who visited classrooms, thank you! Telling students about the exciting careers in computer science not only inspires leaders of tomorrow, but it also leads to more graduates equipped to innovate

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Analytics

Fiona McNeillDecember 10, 2014 0

Don’t Second Guess – Depend on Prescriptive Analytics

I don’t know why I’m on this medical theme lately – maybe it’s because my parents are aging. They talk about bits falling off, take lots of naps and describe how body parts don’t work like they used to. They’ve gone to pre-packaged pills – dividing up their medications by

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Analytics

Jeremy RacineDecember 8, 2014 0

Early identification and treatment of mental illness is critical

Last week I discussed factors that threaten access to mental health care. However, better access to care doesn’t always mean better quality of care. Overworked mental health professionals and overcrowded ERs are forced to expend efforts and limited resources where they have the most impact. This forces compromises in care.

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Analytics

James EnochDecember 3, 2014 0

Top 20 Procs in SAS University Edition

SAS University Edition has been available for free download for six months – in that time we’ve seen 50,192,670 PROCs or DATA steps executed globally – that’s almost 4,000 hours duration! Now, we were founded on stats so we thought we’d bring you some of the key metrics we’ve discovered over

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Advanced Analytics | Analytics

Mike GillilandDecember 2, 2014 0

SAS forecasting and econometrics "tip of the week"

SAS Support Communities provide a forum in which to engage and share with your fellow SAS experts, now in over 20 topic areas including Forecasting and Econometrics. This is the go-to website for your hard core modeling questions, such as "Holdouts in PROC ARIMA," "2-stage Heckman (1979) procedure," and the

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Advanced Analytics | Analytics

Mike GillilandDecember 2, 2014 0

Foresight/SAS webinar December 3: Getting real about uncertainty

Just a reminder that on Wednesday, December 3, 10:00am ET, Paul Goodwin will be delivering the next Foresight/SAS Webinar on "Getting Real About Uncertainty." From the description: Many forecasts only tell us about things like probable events, expected sales and prospective demand. Often they tell us nothing about the level

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Advanced Analytics | Analytics

Mike GillilandNovember 26, 2014 0

IBF blog series on Forecast Value Added

Calling All Forecasters Have you tried Forecast Value Added analysis? What did you find out? Are you willing to share your learnings (at least those that can be revealed publicly)?Would you like to be featured in a new blog series on FVA, published by the Institute of Business Forecasting? The IBF was

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Analytics

Jeremy RacineNovember 25, 2014 0

Lack of access to mental health care becoming a crisis

A lack of mental health professionals is pushing the US mental health system to a crisis point. And even if a psychiatrist commits someone to a facility, there may not be a bed for them. A startling 55 percent of all US counties have zero psychiatrists, psychologists or social workers

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Advanced Analytics | Analytics

Mike GillilandNovember 24, 2014 0

Lancaster Centre for Forecasting survey

Can you spare a few minutes to assist researchers at the Lancaster Centre for Forecasting? We have been commissioned by the European Journal of Operational Research to write a review article on Supply Chain Forecasting. In undertaking this task, we would like to ensure that the topics covered reflect the priorities

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Analytics | Data Management

Suzanne ClaytonNovember 24, 2014 0

Be proactive. Be a trailblazer with data.

For many industries, big data analytics have opened numerous doors for more employees to be groundbreaking and to challenge the corporate status quo. Prior to big data technologies, risk taking behaviors were primarily reserved for provocative souls who stretched organizational boundaries to disrupt industries, such as airline revenue management. There were winners and losers

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Analytics | Data Visualization

Lloyd GobblerNovember 22, 2014 0

Thanksgiving data visualization from the White House turkey

Well, this is a kick to the giblets. I assumed when I was summoned to the White House it was in recognition of my tireless advocacy for turkey rights. I wasn’t expecting a press conference in the rose garden or anything, just a meet and greet with the prez and

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Analytics | Fraud & Security Intelligence

Jen DunhamNovember 21, 2014 0

The enemy within: When trusted access turns into insider threat

Not all fraud originates from the dark underground of criminal enterprises. In fact, fraud could literally be right under our noses, or in the cubicle next to us. The “Insider Threat” has many names – internal fraud, occupational fraud, even espionage – and uses authorized internal access and knowledge to

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Analytics

Jon LemonNovember 21, 2014 0

Four-step approach to government fraud detection

Every day there are news stories of fraud perpetrated against federal government programs. Topping the list are Medicaid and Medicare schemes which costs taxpayers an estimated $100 billion a year. Fraud also is rampant in other important federal programs, including unemployment and disability benefits, health care, food stamps, tax collection,

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Analytics | Fraud & Security Intelligence

John StultzNovember 20, 2014 0

Is predictive analytics misguiding your fraud detection efforts?

When it comes to fraud detection and risk mitigation, predictive modeling has earned a reputation as the “heavy hitter” in the realm of data analytics. As our celebration of International Fraud Awareness Week continues, I would challenge our readers to ask themselves this question, “Is the reliance upon predictive analytics

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Analytics | Data Visualization

Robert AllisonNovember 18, 2014 0

Hey! Where have you been?!?

There's recently been a "States I've Visited" application going around on Facebook, where users create a map showing all the US states they've visited, and then post it on their page for their friends to see. I wondered if SAS could do a better job?... Here's a screen-capture of one

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Analytics | Fraud & Security Intelligence

Ricky D. Sluder, CFE

Ricky D. Sluder, CFENovember 18, 2014 0

Data Mining: A Medicaid Fraud Control Unit's best weapon in the fight against health care fraud

On a cold and wet December morning in 2008, at approximately 1:30 AM, I pulled into the parking lot of an abandoned supermarket in Arlington, TX. With sleet pelleting my windshield, I saw three additional sets of headlights enter into the parking lot from different directions. All three cars converged

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Government | Health Care

Advanced Analytics | Analytics | Data Visualization

Renato LuppiNovember 18, 2014 0

Yes, we have analytics: the brain game

Many vendors claim they have analytics, and a lot of users have embraced the belief that analytics is the way to go. But what does analytics really mean, especially to business users without statistics backgrounds, and how much do they need to know about analytics to be able to make

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Analytics | Fraud & Security Intelligence

Shaun BarryNovember 18, 2014 0

A prescription for fraud: The hidden connection between drug abuse and fraud

All of us are familiar with common fraud types. Insurance fraud, credit card fraud, identity theft, and tax evasion are among the most recognized areas. But, there are many other fraud types that have a big impact on our daily lives, yet receive little attention in the media and among

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Analytics | Customer Intelligence

Leo SadovyNovember 18, 2014 0

Customer Relations by Walking Around

Perhaps nowhere is the saying “time is money” more true than in the construction industry. There is no better indicator of project cost and budget over/underrun than the number of days on-site. Reducing that number has a near 1:1 relationship with cost cutting, so it’s no wonder that days on-site

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Advanced Analytics | Analytics

Mike GillilandNovember 14, 2014 0

Gaming the forecast

Business forecasting is a highly politicized process, subject to the biases and personal agendas of all forecasting process participants. This is why many -- perhaps most -- human adjustments to the forecast fail to make it better. And this is why relative metrics, such as FVA, are so helpful in

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Advanced Analytics | Analytics

Steve PolilliNovember 14, 2014 0

Forecasting: Crystal ball or competitive edge?

Perhaps forecasting is a little of both, crystal ball and competitive edge. It’s a crystal ball of sorts because it helps leaders get answers to questions like, “How many? Or, “How much?” to decide what actions best help the business. And it’s definitely a competitive edge when it results in

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Analytics | Data Visualization

Robert AllisonNovember 14, 2014 0

Are patent trolls finally on the decline?

Are you a legitimate hard-working company that has been threatened with a lawsuit, by a patent troll? If so, the graphs in this blog should make you happy! Speaking of 'happy' and 'troll' - here's a picture of a happy Troll Doll from my friend Hannah. Don't you just hate

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