In today’s data-driven world, companies across the globe are plunging into the humungous pool of online customer information that is made available through different modes of data collection. More than 2.5 quintillion bytes of data are created each day, and this number just keeps on growing. Moreover, it was found that 67% of customers were willing to give their data for some benefits in terms of…

I have been writing about the Crosswave Differential Algorithm for a number of years. I described in previous blogs how the algorithm emerged almost by accident while I was attempting to write an application intended to support quality control. In this blog I will be discussing the event model that powers the algorithm. Events are the details and circumstances…

I recall the first time I encountered the idea of "asset allocation" many years ago. As the argument goes, the perfect allocation of assets should lead to the greatest return possible in light of one's risk tolerance. Perhaps thousands of years ago, although I haven't studied this in any detail, somebody had the idea that dancing in just the right way might satisfy the spirits enough to cause it to rain. There is the similar notion of delivering the perfect incantation to invoke supernatural…

Many years ago, I attended a vocational college to learn skilled trade. I was taught about the behaviour of systems. I learned that after renovations to a house, the furnace might cycle on and off more frequently; this can leave some parts of the house too cold. A wood-burning stove or fireplace should be treated as a part of a system. Open doors and windows in the dwelling can cause exhaust from such appliances to enter living spaces. I realize that these particular examples of systems…

Recently, Bernard Wehbe at StatSlice Systems wrote an intriguing and thought-provoking whitepaper on information singularity and the principles of the analytics rock star. 

Successful analytics professionals should follow a set of guiding principles which are very important and often missed by traditional…