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William Vorhies's Blog Posts Tagged 'analytics' (11)

No Matter What You Call It, It’s all the Same Thing

Summary:  A little history lesson about all the different names by which the field of data science has been called, and why, whatever you call it, it’s all the same thing.

 

A little reminiscence, or for those of you who are only recently data scientists, a little history lesson. 

Our profession of…

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Added by William Vorhies on December 4, 2019 at 3:12pm — No Comments

From Optimization to Prescriptive Analytics

Summary:  True prescriptive analytics requires the use of real optimization techniques that very few applications actually use.  Here’s a refresher on optimization with examples of where and how they’re best used.

 

Predictive analytics and optimization have gone hand in hand since the very beginning.  But in…

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Added by William Vorhies on February 18, 2019 at 10:00am — 1 Comment

Advanced Analytics – The Fourth Great Lever of Corporate Change

Summary:  Advanced analytics and AI are the fourth great lever available to create organic improvement in corporations.  We’ll describe why this one is different from the first three and why the CEO needs the direct help of data scientists to make this happen.

 

If you’re a CEO or any other flavor of top executive leading a…

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Added by William Vorhies on October 15, 2018 at 2:33pm — 2 Comments

Practicing ‘No Code’ Data Science

Summary:  We are entering a new phase in the practice of data science, the ‘Code-Free’ era.  Like all major changes this one has not sprung fully grown but the movement is now large enough that its momentum is clear.  Here’s what you need to know.

 

We are entering a new phase in the practice of data science, the ‘Code-Free’…

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Added by William Vorhies on October 9, 2018 at 9:54am — 3 Comments

Analytics Translator – The Most Important New Role in Analytics

Summary:  The role of Analytics Translator was recently identified by McKinsey as the most important new role in analytics, and a key factor in the failure of analytic programs when the role is absent.

 

The role of Analytics Translator was recently…

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Added by William Vorhies on September 11, 2018 at 7:40am — 6 Comments

Mary Meeker, Analytics, and the Future of the Internet

Summary: In this review of Mary Meeker’s annual Internet Trends report for 2016 we’ll look for the advanced analytics that makes these trends possible.

 

It’s that time of year again when Mary Meeker, the great seer of the internet once again releases her annual…

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Added by William Vorhies on June 7, 2016 at 9:37am — 1 Comment

Data Scientists Automated and Unemployed by 2025!

Summary:  The shortage of data scientists is driving a growing number of developers to fully Automated Predictive Analytic platforms.  Some of these offer true One-Click Data-In-Model-Out capability, playing to Citizen Data Scientists with limited or no data science expertise.  Who are these players and what does it mean for the profession of data science?

 …

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Added by William Vorhies on April 13, 2016 at 8:30am — 8 Comments

Managed Analytics – A Shortcut to Success



Summary:
 If you’re having trouble getting started with data science and predictive analytics, a managed analytics program may be just what the doctor ordered.



If you’re a fortune 1000 company, one of the ecommerce…

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Added by William Vorhies on January 12, 2016 at 9:43am — 1 Comment

Prescriptive versus Predictive Analytics - A Distinction without a Difference?

Summary:  Is the addition of “Prescriptive” analytics to our nomenclature really worthwhile or are we just confusing our customers?

I admit to being annoyed when this or that industry wag tries to coin a new term to describe some portion of the discipline we are already practicing.  Some of these folks I think are…

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Added by William Vorhies on October 23, 2014 at 10:00am — 9 Comments

The Value of Accuracy in Predictive Analytics

This article was first posted in 2014 but the message bears repeating.  There is a lot being written about tools simple enough for the citizen data scientist to operate.  The unstated constraint is that if you don't have significant experience in data science then these will always be "good enough" models.  The problem is that 'good enough' models under achieve both revenue and profit.  Very small increases in model fitness can translate into much larger increases in campaign ROI.  Business…

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Added by William Vorhies on October 8, 2014 at 8:00am — 4 Comments

From Data Analyst to Predictive Modelers to Data Scientists

Summary: Gartner says that predictive analytics is a mature technology yet only one company in eight is currently utilizing this ability to predict the future of sales, finance, production, and virtually every other area of the enterprise.  What’s holding them back?

In an earlier posting we argued that much of what is holding companies back from…

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Added by William Vorhies on August 19, 2014 at 8:30am — 4 Comments

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