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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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Analytics and Belief: The Struggle for Truth

September 8, 2013

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Increasingly sophisticated analytics tools and methods are available to derive business insight from data.  However, as a discipline which drives insight from data, the crucial ‘last step’ in the analytics process is about organizational decision making.  A sophisticated, intensive analysis may all be for naught if the crucial last step, framing and committing to a decision, misses the […]

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Data science as an experimental process: unsupervised and supervised learning

August 17, 2013

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Data Science

As a companion to my recent post “Correlation versus Causation: The Science, Art, and Magic of Experimental Design”, I wanted to offer a more technical exposition concerning data science approaches to focused causal model development. A fundamental question faced by business analytics professionals and data scientists is whether they have a working correlative and causal […]

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Correlation versus Causation: The Science, Art, and Magic of Experimental Design

August 17, 2013

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Venus

Recently I was chastised for being ‘unnecessarily obscure’ for reacting to a specious conclusion by suggesting that it risked ‘conflating correlation with causation’. Guilty as charged!  I apologize:  the expression is quite a mouthful and requires unraveling for those unfamiliar with the nuances of the applied experimental method.  However, I feel passionately that this concept […]

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