Summary: Analytic Platforms are rapidly being augmented with features previously reserved for data scientists. They are presented as easy to use but require substantial data literacy and advanced DS skills for the most complex. Business users and analysts can pursue more complex problems on their own, but need good oversight.
Added by William Vorhies on May 4, 2020 at 1:06pm — No Comments
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.
Our profession of…Continue
Added by William Vorhies on December 4, 2019 at 3:12pm — No Comments
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.
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…Continue
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.
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…Continue
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.
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?
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…Continue
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…Continue
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…Continue