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Excuse me, do you speak fraud?

August 18, 2014

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Excuse me, do you speak fraud? Network graph analysis for fraud detection and mitigation by Scott Mongeau Executive summary Network analysis offers a new set of techniques to tackle the persistent and growing problem of complex fraud. Network analysis supplements traditional techniques by providing a mechanism to bridge investigative and analytics methods. Beyond base visualization, […]

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Tell me… how ugly is your bad data?

August 14, 2014

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Ugly data

The adage ‘garbage-in-garbage-out’ is an analytics mantra so ingrained it has its own shorthand: GIGO. Yet, in the mad, blind rush toward all things ‘big data’, there is the danger of sidelining the crucial-but-dreary topic of data quality, to which GIGO refers. While data quality is not as ‘sexy’ as big data, anyone who wants […]

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When analytics fails: fueled by randomness

July 15, 2014

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Fueled by randomness

As an analytics professional, it may perhaps be no surprise that I believe in a world which is susceptible to analysis – a world which yields to scientific inquiry. Further, I believe that if we invest effort, if we exert what Kahneman would call our System 2, we can improve decisions and overcome our tendency […]

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Business analytics e-learning courses from SARK7

July 14, 2014

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The Organizational Brain

Business Analytics E-Learning Courses Developed by SARK7 for Accenture Academy I.  Introduction to Business Analytics FREE ONLINE NOW! ————————————————————— II. Defining the Business Analytics Process Business analytics is a process that transforms data into insights to drive value-creating decisions. It connects organizational problems to data that is analyzed using various methods, software tools, systems, and experts. […]

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Emerging Trends in Data Analytics

July 9, 2014

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INTRODUCTION Business analytics is a practitioner movement uniting several disciplines to drive value-creating decisions from data.  Central disciplines include IT / computer science, statistics, data management, decision science, and scientific research methods.  Descriptive, predictive, and prescriptive approaches are often used to categorize particular methodological approaches, themselves derived from the fields of business intelligence, financial forecasting […]

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Introduction to Business Analytics

May 19, 2014

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Recent lecture ‘Introduction to Analytics’ given to Erasmus Rotterdam School of Management MBA and MIS students: Summary overview https://www.youtube.com/watch?v=KmG7FJhms2Q Part 1 of 4: https://www.youtube.com/watch?v=KFYYDrEV4wI Part 2 of 4: https://www.youtube.com/watch?v=KFYYDrEV4wI Part 3 of 4: https://www.youtube.com/watch?v=UPsJx427rKE Part 4 of 4: https://www.youtube.com/watch?v=-1yxe0XjLWg

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Business Analytics as a Decision Process

April 5, 2014

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social network

A Lighthouse in the Fog: Navigating Stormy Seas Using Business Analytics The amount of data generated globally doubles every two years. In 2012, the world created a staggering 2.7 zettabytes of data, and this figure is expected to surmount 86 zettabytes by 2022. Meanwhile, businesses struggle to maintain their competitiveness in a shifting world of […]

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Business Analytics for Decision Analysis

April 5, 2014

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The Path to Value: Business Analytics-Enhanced Decision Analysis Business decision makers are confronted by a perplexing array of paths branching before them. Each path is complicated by information overload, complexity, and uncertainty. Managers need better ways to navigate the treacherous terrain of decision complexity. Link to online course: https://www.accentureacademy.com/d/course/1000008980/?tabId=304&moduleId=788&GoBackTo=1376B51F In the petroleum industry, Shell and […]

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Financial Model Risk

March 23, 2014

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MODEL RISK: A central implication of the application of advanced analytics in the finance industry is that models, and model-based decision making, is becoming increasingly complex. There are growing risks for financial institutions that have failed to define and adopt formal approaches to model validation. The Deloitte ‘Global Model Practice Survey’ provides insights into financial […]

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TedX: Data Science and Our Magical Minds

December 15, 2013

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A TedX talk I gave November 18th 2013 in Rotterdam, Netherlands at the Rotterdam School of Management (RSM). This talk distills many of the thoughts discussed in this blog. If you like it, please forward! http://www.youtube.com/watch?v=q4d1DArZKgo

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