Ken Rona tweeted earlier today about a subject which stuck a chord. He was writing about the difference between a business analyst and data analyst (or data scientist as they are increasingly called). I wanted to expand on the idea as It is important to distinguish between the two roles. I have seen a lot [...]
Archive for the ‘Data Mining’ Category
Business Analyst Vs. Data Scientist
Posted in Analytics, Analytics Culture, Business Intelligence, Data Mining, Visualization on June 13, 2011 | 2 Comments »
Standing on the shoulders of giants: Week of 1/24/2001
Posted in Analytics, Data, Data Mining, Visualization, tagged tweets on January 29, 2011 | Leave a Comment »
Interesting stories on information & decisions that influenced my thinking and were tweeted by me: Extending the value of operational #data to serve your customers. Netflix ISP comparison http://tinyurl.com/4whjd3o Coal economics and computer chips. Demand driver for need for more #analytics http://bit.ly/f6Hme2 Excellent paper for #analytics practitioners on customer lifetime value and RFM models http://bit.ly/dkdkaa [...]
Predictive Analytics: 8 Things to Keep in Mind (Part 7)
Posted in Analytics, Business Intelligence, Data Mining, tagged predictive analytics, Testing on June 3, 2010 | Leave a Comment »
Theme 7: Prototype, Pilot, Scale Edison did not invent the light bulb. He took a working concept and developed hundreds of prototypes rapidly, tested them and along the way figured out improvements that were required to scale his invention for commercial use. Julian Trubin writes about the prototyping process: In 1879 Edison obtained an improved [...]
Predictive Analytics: 8 Things to Keep in Mind (Part 6)
Posted in Analytics, Business Intelligence, Data Mining, Integration, tagged decision making, predictive analytics, program management on March 24, 2010 | 5 Comments »
Theme 6: Delivering the prediction at the point of decision is critical In 2007, my wife worked as a hospitalist in Charlotte. Around that time, I noticed a strange pre-work ritual she followed. She took printouts of a few pages from the Wal-Mart website before going to work. The behavior was surprising and one day [...]
Predictive Analytics: 8 Things to Keep in Mind (Part 5)
Posted in Analytics, Business Intelligence, Data Mining, Industry Perspective, Visualization, tagged decision making, History of Medicine, predictive analytics on March 16, 2010 | 3 Comments »
Theme 5: Good data visualization leads to smarter decisions. The above visualization has arguably saved more lives than all predictive analytics initiatives combined. It is visualization created in 1854 by Dr. John Snow. As Miles Dowsett has written, In 1854 London was the biggest city the world had ever seen, and was literally drowning in [...]
Predictive Analytics: 8 Things to Keep in Mind (Part 4)
Posted in Analytics, Business Intelligence, Data Mining, Industry Perspective, tagged Data, decision making, predictive analytics, statistics on March 8, 2010 | 6 Comments »
Theme 4: Statistical techniques and tools are not likely to provide competitive advantage I read this interesting post from Sijin describing his journey to master a video game (emphasis added by me) All this kind of reminded me of my experiences with finding the perfect weapon while playing Call of Duty 4 over the past [...]
Predictive Analytics: 8 Things to Keep in Mind (Part 3)
Posted in Analytics, Business Intelligence, Data, Data Mining on March 2, 2010 | 5 Comments »
Theme 3: Integrating third-party data into predictive analysis This is the third installment of the eight part series on predictive analytics (see part 1, part 2). Perhaps one of the most significant opportunities for organizations using predictive analytics is incorporating new relevant third-party data into their analysis and decision-making process. Investment in a targeted and [...]
IRS Internal Migration Data and Housing Bubble
Posted in Analytics, Business Intelligence, Data, Data Mining, Visualization, tagged data.gov, new data on February 25, 2010 | 3 Comments »
Earlier this week, I suggested a potential business application of IRS’s internal migration data for a moving and relocation company. Folks at Neilsen Claritas just found a far more interesting correlation which should have driven a lot of business decisions. They note: Today’s presence of underwater mortgages, or homes with negative equity, seem to be [...]
Building Competitive Advantage through New Data
Posted in Analytics, Business Intelligence, Data, Data Mining on February 23, 2010 | 7 Comments »
One subject that has not received a lot of coverage in the analytics blogging circle is the current administration’s data.gov project. While still in its infancy the data.gov is an outcome of the government’s transparency initiative called Open Government Directive. In December, all government agencies were asked to produce and publish three new ‘high value’ [...]
Predictive Analytics: 8 Things to Keep in Mind (Part 2)
Posted in Analytics, Business Intelligence, Data Mining, tagged operational decisions, predictive analytics, simulation, statistics, strategic decisions, systems dynamics on February 20, 2010 | 6 Comments »
Predictive Analytics fundamentals
