Data-Driven Decision Making

12月 142017
 

The goal of all types of analytics is to provide business insight. Consider that: Descriptive analytics provides the business with insight on what happened in the past and what is happening now. Predictive analytics provides the business with insight on the probability of what will happen in the future. Prescriptive analytics provides the [...]

The post How a data-driven business supports analytics goals appeared first on The Data Roundtable.

8月 252016
 

Two years ago, I found myself the proud, first-time owner of a garage. My wife and I quickly started to add new items to the garage – a battery-powered lawn mower, two beach cruisers and four Tommy Bahama beach chairs. They were stored with ease. What a fantastic world I'd been missing out on. But it wasn't long before we outstripped our […]

The post What can a garage storage system, kayak and surfboard teach you about data modernization? appeared first on The Data Roundtable.

8月 032016
 

Applying analytics to IoT data provides opportunities for cities to use information from sensors, citizens and connected infrastructure in unprecedented ways.

Analytics for IoT gets smart cities moving in the right direction was published on SAS Voices.

7月 222015
 

What's that productivity related quote by Charles Dickens? "My advice is never do tomorrow what you can do today." For years, machine learning has been written about and discussed widely with a focus on the benefits it will bring in the near future. But guess what? The future for machine learning […]

Machine learning in action today was published on SAS Voices.

4月 032015
 

It’s great to get in on something on the ground floor. That’s what happened at the inaugural Data4Decisions Conference and Exhibition held in Raleigh, NC, in March. It brought together business people, academics and students to explore how organizations use data management and analytics technology to enhance business processes and […]

The post Four lessons from the Data4Decisions conference appeared first on SAS Voices.

11月 052014
 
Henrik Liliendahl Sørensen recently blogged about the times when a HiPPO (Highest Paid Person’s Opinion) outweighs data in business decision-making. While I have seen plenty of hefty opinions trump high-quality data, those opinions did not always come from the highest paid person. The stubborn truth is that we all hold our […]
10月 292014
 
In my previous post, I used the book Mastermind: How to Think Like Sherlock Holmes by Maria Konnikova to explain how additional information can make us overconfident even when it doesn’t add to our knowledge in a significant way. Knowing this can help us determine how much data our decisions need to be driven […]