Blogs

Blogs

Analytics

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

Analytics | Risk Management

Leo SadovyMay 27, 2011 0

A Plethora of Black Swans

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

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Analytics

Karen TerrellMay 24, 2011 0

Analytics Initiatives to Help Government Seize “The Federal Efficiency Opportunity”

SAS is the underwriter of a MeriTalk study released today that focuses on “The Federal Efficiency Opportunity”. The study uncovered meaningful insights into how federal managers and professionals are trying to meet their goals while facing enormous budget cuts. The study was done after President Obama’s Deficit Commission suggested in

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Analytics | Data Management

Alison BolenMay 23, 2011 0

What type of big is your data?

The basic big data problem is simple to understand: we create too much data to store and analyze it all. The problem gets bigger, however, when you consider the related factors: our problems themselves are getting bigger, the analytics needed to solve them are more complex and the data is

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Analytics

Anna BrownMay 18, 2011 0

Best of SAS Business Report 2011 so far

As editor of the SAS Business Report, I constantly analyze what’s “clicking” for readers and what’s not. So far in 2011, the following articles have been the biggest hitters: Advanced Analytics for the Modern Business Analyst SAS Placed in Leaders Quadrant for BI Top Five Big Ideas in Analytical Data

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Analytics

Leo SadovyMay 13, 2011 0

Data + Context = Business Intelligence

“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

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Analytics | Customer Intelligence

Alison BolenMay 9, 2011 0

A new definition for customer lifetime value

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

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Analytics

Anna BrownMay 5, 2011 0

Student loans, what a drag

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

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Analytics

Rachel Alt-SimmonsMay 4, 2011 0

Case study: One insurer's business continuity management plan

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

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Analytics

Anne-Lindsay BeallMay 2, 2011 0

SAS = Analytics

At the SAS analyst event in Steamboat, CO, in March, SAS CEO Jim Goodnight shared some interesting stats with attendees: Even in 2010's tough economy, SAS experienced 5.2 percent worldwide growth in US dollars. On top of that, SAS is still building new facilities, still winning workplace awards, and this

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Analytics

Paula Henderson

Paula HendersonApril 20, 2011 0

Practicalities of Analytics

This is a guest post from Jodi Blomberg, a Principal Technical Architect at SAS. She has over 12 years of experience in data mining and mathematical modeling, and has developed analytic models for many government agencies including child support enforcement, insurance fraud, intelligence led policing, supply chain logistics and adverse

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Analytics

Rachel Alt-SimmonsApril 18, 2011 0

SAS and JMP: “You got your chocolate in my peanut butter!!!”

Remember the old Reese’s peanut butter cup advertisement? Two people are walking down the street – one eating peanut butter, the other chocolate – they run into each other and the chocolate and the peanut butter get mixed up. They sample the new concoction and marvel at the wonderful mixture

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Analytics

Chuck EllstromApril 15, 2011 0

The Two E's

Unless you’ve been living under a rock, you’ve heard about the budget problems running rampant across all levels of government. Federal, State and Local Governments are all facing historic budget shortfalls due to the economic crisis and decreased tax receipts. This has led to a much closer examination of services

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Analytics

Rachel Alt-SimmonsApril 11, 2011 0

Breaking new ground: Financial Services & Insurance SAS Users Group

Unlike any other software vendor, SAS has one of the most vibrant and engaged user communities in the world. SAS User Groups (SUG), communities formed and managed by SAS users, are in place all over the world. In the US alone we have regional and local SUGs as well as

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Analytics

April 11, 2011 0

Getting to the point of return on analytics

Linking business analytics to economic value is a hard problem. Despite all the smarts that get poured into models, it's hard to tie them to financial measures such as profitability. And, because of that, it's hard to justify investment in analytics. Need headcount? Sorry, try again. Need tools? Sorry, can't

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Analytics

Rachel Alt-SimmonsApril 11, 2011 0

Wired for innovation at SAS Global Forum Executive Conference

While the first day of the SAS Global Forum Executive Conference focused on the business application of analytics, the second day was dedicated to analytics and IT management. One of the keynote presenters was Erik Brynjolfsson, the Schussel Family Professor at the MIT Sloan School of Management. Erik’s research and

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Analytics | Data Management

Rachel Alt-SimmonsApril 8, 2011 0

Companies are finding the most profitable growth opportunities

In this panel discussion, a diverse group of companies from different industries are finding profitable growth opportunities through analytics. We’re joined by: Jim Foreman, Director of Circulation Analytic, Staples Halina Karachuk, VP Innovation, AXA Equitable Life Barb Buettin, Director, CRM – Enterprise Information Management, Chico’s Nelle Schantz, Sr. Marketing Director,

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Analytics

Kristine VickApril 7, 2011 0

Why do analytic projects fail to get implemented?

In getting ready for the INFORMS Conference on Business Analytics and Operation Research next week in Chicago, I caught up with Jodi Blomberg, a Technical Architect at SAS, to hear more about the paper she's presenting on April 11th. Here's a little preview of what Jodi has to share. For

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Analytics

Rachel Alt-SimmonsApril 6, 2011 0

Cross-business strategies for analytics

How can you find and act on information hidden in customer interactions? How can you use this information to create profitable results and create a consistent customer experience? It’s not just about sales and marketing teams interacting with the customers anymore. The entire organization must align drive a good, consistent

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Analytics

Anna BrownApril 6, 2011 0

Four drivers for innovation and how IT will get you there

“It is the dawning of the age of the digital, age of the digital!” I couldn’t help humming the 1969 tune after attending Erik Brynjolfsson’s presentation at the SAS Global Forum Executive Conference 2011 in Las Vegas. As Director for the MIT Center for Digital Business, Erik lives and breathes

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Analytics

Rachel Alt-SimmonsApril 6, 2011 0

Jim Davis says we’re “data obese.” Let’s go on an analytic diet!

At the SAS Global Forum Executive Conference, SAS’ very own Jim Davis, Chief Marketing Officer, gave a great presentation entitled “Analytics – See Business Possibilities You Never Imagined.” He started off by asking the audience a couple of questions: How do we take analytics and make a difference in our

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Analytics | Customer Intelligence

Becky GraebeApril 6, 2011 0

Why you don't need a magic bullet

Yesterday at the SAS Global Forum Executive Conference, SAS Senior Director of Product Marketing Nelle Schantz moderated a panel discussion featuring Thomas Davenport, best-selling author and Director of the International Institute for Analytics; Charlene Li, founder of Altimeter Group and co-author of Groundswell; and Rom Hendler, Senior Vice President and

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Analytics

Anna BrownApril 5, 2011 0

Data. What is it good for?

What is data good for? Absolutely nothing without the right people and the right tools, says Angela Watson, Vice President of Analytics at Overstock.com, an online retailer that offers brand-name merchandise at discounted prices. It’s common for organizations to have “analysis paralysis” where not all departments use data, analytics to

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Analytics | Fraud & Security Intelligence

Greg HendersonApril 5, 2011 0

Feds Stepping Up to Combat Healthcare Fraud

The federal government is more aggressively pursuing health care fraud, and helping the states do the same, by proposing funding changes and investing in new technologies. A newly proposed rule would allow 90% Federal Financial Participation (FFP) for data mining initiatives in state Medicaid Fraud Control Units (MFCU’s). Another proposed

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Analytics

Becky GraebeApril 5, 2011 0

They came, they saw, they conquered

It was not your average stage entrance. With a full Roman entourage and a majestic portable throne, SAS Global Forum 2011 Chair Debbie Buck, smiled broadly as she made her way to the stage in front of 2,500-member crowd at Opening Session. Her message for conference attendees: “In the words

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Analytics

Tom DavenportMarch 17, 2011 0

Converging disciplines in analytics

This week I made a quick trip to Predictive Analytics World in San Francisco. It was my first appearance at that event, and some great things are going on at it and related conferences. It was held in conjunction with the eMetrics and Conversion conferences—all put on by Rising Media.

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Analytics

Ellen Joyner-Roberson, CFE

Ellen Joyner-Roberson, CFEMarch 15, 2011 0

New payment channels: profit or loss?

I’m amazed that so many financial institutions seem to hold fraud at a seemingly low priority. Fraud is often viewed as “the cost of doing business.” What if your view of fraud could be altered so that it became “the profit of doing business”? With the growth in new payment

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Analytics

Alison BolenMarch 14, 2011 0

What the analysts are saying about SAS in 2011

Last week, SAS held its annual analyst conference in Steamboat Springs, Colorado, where SAS leaders and SAS customers spoke to a room full of industry analysts about the direction of SAS products and business strategy for 2011 and beyond. It's a pretty exclusive event, so not many attend. But -

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Analytics

Kristine VickMarch 14, 2011 0

The incremental impact

Tapan and I had the chance to talk with Karen Washburn, Manager for the SAS Business Knowledge Series, a SAS Education Division program, who is joining us at Predictive Analytics World this week! Karen will be participating in the conference and seeking out new partners to join the Business Knowledge

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Analytics

Kristine VickMarch 11, 2011 0

Interview with Bill Franks, CAO Teradata

Bill Franks, Chief Analytics Officer (CAO) of Teradata spent some time with us this week to talk about next week's Predictive Analytics World activities! Predictive Analytics World that takes place during Data Driven Business Week March 14-15 in San Francisco. Any thoughts you would like to share about the upcoming

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Analytics

Shelly GoodinMarch 10, 2011 0

New book on analytics can help you meet your objectives

Contributed by Gert Laursen--author, head of customer intelligence at Maersk Line, and business intelligence thought leader in Denmark Dear reader, In my new book, Business Analytics for Sales and Marketing Managers: How to Compete in the Information Age, you can learn how you can use analytics to reach your sales

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