I was joking when I entered on Google, “Where was my coworker yesterday?” After reviewing the responses that appeared from the search engine, I continued, “What did she eat for breakfast?” Sometimes the responses to my everyday questions seem insightful - on a certain level, interesting and intriguing. Usually the quality of the responses is quite poor. I assume therefore that the algorithms operating in the background don’t “understand” the sense of what I am asking. If I were to ask,…Continue
Added by Don Philip Faithful on April 1, 2017 at 9:30am — No Comments
I am sometimes asked whether I am working on the stats, whether I am making progress on the stats, and what I do with all of the stats. People are also prone to hyperbole. I am told that I sure work on a lot of stats, I am always keeping myself busy doing stats, and I am the person to go to for stats. I suppose my real job is more mysterious than the one others imagine that I do. I first want to explain that for everyday people, the term “stats” or “statistics” often means historical…Continue
Added by Don Philip Faithful on March 11, 2017 at 10:00am — No Comments
Would you like to know how much they’re spending, when they’re spending, why they’re buying with the competition and not you, what…Continue
Added by Mark Ross-Smith on January 11, 2017 at 3:31am — No Comments
In a prior post I outlined some thoughts on the outlook for the data analytics sector and referenced a database I prepared of analytics companies. At the time the list comprised about 400 names categorized into a number of sectors and segments.
I’ve continued to update the list since that time and it now comprises about 800 companies.
A Data science-based solution needs to address problems at multiple levels. While it addresses a business problem, computationally it is comprised of a pipeline of algorithm which, in turn, operates on relevant data presented in proper format. Thus to understand the them we need to focus at least at the
Contrary to the popular belief, almost all non-trivial data science solutions are needed to be…Continue
Added by Arijit Laha on October 3, 2016 at 10:30pm — No Comments
Data Visualization happens to be an uncomplicated way of assisting the human memory and enhancing decision making. A number of tools are there that are going to cater to the requirements of having a look at humongous statistics to the tune of Peta and Zeta bytes. Number crunching when the amount of data is huge is an incredibly testing job and this is software that is going to be your buddy in addressing testing business dilemmas.…Continue
Added by Pawan Dwivedi on August 3, 2016 at 11:00pm — No Comments
Today we discuss how to handle large datasets (big data) with MS Excel. This article is for marketers such as brand builders, marketing officers, business analysts and the like, who want to be hands-on with data, even when it is a lot of data.
If you are not the hammer you are the nail. We, the marketers, should defend our role of strategic decision-makers by staying in control of the data analysis function…Continue
To some, the term “business intelligence” may seem like a hilarious oxymoron, but the term is actually not used to describe how smart a business or its owner is. Instead, it’s used to describe a number of different computer programs that are used to gather, analyze, and report on a business’s data. Business intelligence, or BI as it’s often called, is made of things such as…Continue
Added by Matt Ritter on January 31, 2016 at 4:30am — No Comments
Cloud data replication is good for backups, but what else might you do with it? For forward-looking users, data replication in the cloud is also a lever for better information, increased autonomy, enhanced productivity, and bigger business opportunities down the line. By conserving an untouched valid reference copy of data, users are free to process or change the other replicated instances, according to their individual…Continue
Added by Sergei Kharchenko on November 16, 2015 at 8:00am — No Comments
As a business owner or C-Suite executive, you have access to an endless collection of data, statistics, and numbers. If you really want to uncover the truth behind a particular action, outcome, or problem, you can find metrics that’ll shed light on the issue at hand. When it comes to marketing in particular, digital marketing analytics play a significant role in a business’ ability to maximize returns, and increase customer engagement.
Value of Digital…Continue
Added by Larry Alton on November 11, 2015 at 10:30am — No Comments
There's nothing more frustrating than having your point of view ignored in professional discussions. You've put a lot of time into analyzing the situation, and have important insights to add, but nobody is listening! It's particularly frustrating when it's about the project you're working on, since it's so annoying to implement a design that you don't…Continue
Greta Roberts, CEO
Talent Analytics, Corp.
Human Resources Feels Pressure to Begin Using Predictive Analytics
Today’s business executives are increasingly applying pressure to their Human Resources departments to “use predictive analytics”. This pressure isn’t unique to Human Resources as these same business leaders are similarly pressuring Sales, Customer Service,…
Added by Mike Kennedy on October 29, 2015 at 11:30am — No Comments
All businesses are at the mercy of data quality challenges. From the moment you capture your first lead, you’ll be fighting a battle against data decay. The bigger the database gets, the more problems the business can encounter, and it isn’t easy to single out a…
Why aren’t models and insights generated by many Data Science projects an instant hit with companies looking for data driven growth? They miss the Business Translator, an important role that nobody is currently recruiting for. Read on to learn about my proposal on how to make Data Science projects stick at your company and build an enduring business…Continue
Added by MARIUS MARCU on September 3, 2015 at 8:00am — No Comments
In this time and age of information overload it’s important for businesses to remain abreast of market dynamics, understand consumer behavior, and take decisions accordingly. More information is available about user behavior than ever before, and businesses haven’t had an equally great opportunity to take informed decisions based on hard-core data. This is why the enormous amount of data available makes data analysis an indispensable tool for growing businesses.
Gone are the days when…Continue
Added by Kolabtree on September 1, 2015 at 1:30am — No Comments
Previously, we discussed the role of Amazon Redshift's sort keys and compared how both compound and interleaved keys work in theory. Throughout that post we used some dummy data and a set of Postgres queries in order to explore the…Continue
Added by sasha blumenfeld on August 28, 2015 at 7:20am — No Comments
Big Data is a big word in the tech world. One look at the highly popular hashtag #BigData reveals how it is gaining increasing credence. There’s a lot of talk about Big Data and how data analytics can help drive and turn around businesses. However, many people and companies are yet to come to terms with what exactly can Big Data deliver for their business.
I remember walking to a major shoe store brand outlet a few years ago. To my surprise, I had to look around and call for someone…Continue
I have never been formally trained on how to deal with seasonality. But I wanted to take a moment to share my perspective based on experience, which I hope readers will find fairly straightforward. Some people use sales revenues in order to evaluate seasonal differences. I find it more desirable to analyze units sold if possible. A price increase resulting in slightly higher revenues does not in itself represent increased demand. Nor should discounted prices leading to reduced revenues…Continue
Added by Don Philip Faithful on August 23, 2015 at 5:19am — No Comments
Data modeling is usually one of those subjects that make people's eyes glaze over. It's not really programming, though understanding programming concepts such as objects, inheritance, polymorphism and similar multisyllabic words is usually helpful to do modeling. It's not a business analyst function, though most BAs end up participating in the modeling process. Perhaps the best way of thinking about modeling is to see it as a way to describe a business in clearly defined pieces.
Added by Kurt A Cagle on August 8, 2015 at 2:30pm — No Comments
When the performance of an employee is evaluated, ideally there are no externalities to complicate the analysis. If the employee has a computer that is constantly freezing up - or the servers in the company frequently operate slowly - the employee's performance data will reflect the functionality and effectiveness of these systems. If the company occupies a highly competitive market, declining sales data is attributable at least in part to competition rather than the behaviours of employees.…Continue
Added by Don Philip Faithful on July 25, 2015 at 5:44am — No Comments