This week generated a meme which nearly melted the internet: the case of the gold or blue dress. A picture of dress worn at a wedding was seen by some people as being gold and white and others as blue and black. A riotous global argument that cast friends and lovers against one another ensued. While […]
Continue reading...
As many traditional industrial age business functions become subject to disintermediation by automation and expert analytics systems, new industries and value propositions will need to be framed by an emerging generation of leaders.
Continue reading...
Recent collected posts and links to fraud detection and mitigation items: Network analytics for fraud detection & mitigation (video demostration) Part 1 video demo Part 2 video demo Semantics analytics lecture (Erasmus RSM) Demonstration of semantic analytics (video demonstration) Blog post Excuse me, do you speak fraud? Blog post Network analytics for fraud detection Blog post Network analytics: more than […]
Continue reading...
In the mid-1980’s I worked as an information analyst / data manager in a police station in a small town in New England (northeast U.S.). It was a strange but exciting experience for a young man, chosen simply as I was identified as the local ‘computer geek’ at the town high school (a small and […]
Continue reading...
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, […]
Continue reading...
Network analysis is a rapidly growing analytics domain propelled by the explosion of interest in social networking. The methods rest upon much older foundations in the realms of statistics and social science. Euler’s graph theory was proposed in the early 18th century and Moreno established the foundations for social network analysis (SNA) in the 1930’s. Want […]
Continue reading...
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 […]
Continue reading...
The application of network analysis to the growing challenge of fraud and financial crime is a fast emerging advanced data analytics frontier. As any good fraud investigation knows, fraud and financial crime are as much deep social phenomenon as aspects of financial transactions gone awry. Thus the application of social network analysis is able to […]
Continue reading...
A link to a good article proposing that our minds evolved to see patterns and significance, predisposing us to magical and superstitious beliefs: http://theconversation.com/caveman-instincts-may-explain-our-belief-in-gods-and-ghosts-26945 This supports the notion that a major challenge in data science is overcoming our inbuilt behavioral predispositions, for instance the tendency to overfit data samples or to conflate correlation with causation. […]
Continue reading...
March 1, 2015
0 Comments