Archive | Research RSS feed for this archive

Data science as an experimental process: unsupervised and supervised learning

August 17, 2013

2 Comments

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 […]

Continue reading...

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

August 17, 2013

3 Comments

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 […]

Continue reading...

Adopting Analytics Culture: 6. What information is gained from social network analysis? (6 of 7)

June 17, 2013

7 Comments

social network

PART 6 OF 7 IN A SERIES ON ADOPTING ANALYTICS CULTURE LINK TO HEADER ARTICLE LINK TO PREVIOUS ARTICLE (5 of 7) 6.    What particular information is gained from social network analysis and how is it interpreted? To recap, we have established that adopting analytics culture requires organizational change management.  Beyond analytics technology and expertise, […]

Continue reading...

Business analytics model risk (part 0 of 5): framing model risk – the complexity genie and the challenge of deciding on decision models

June 13, 2013

5 Comments

Model Risk

Business analytics model risk (part 0 of 5): framing model risk – the complexity genie and the challenge of deciding on decision models Introduction to a series of five articles on model risk Here we introduce a series of five articles seeking to frame, define, and categorize business analytics model risk.  The intention is to […]

Continue reading...

Adopting Analytics Culture: 5. How can change management be improved via analytics? (5 of 7)

June 12, 2013

3 Comments

Organizational network

PART 5 OF 7 IN A SERIES ON ADOPTING ANALYTICS CULTURE LINK TO HEADER ARTICLE LINK TO PREVIOUS ARTICLE (4 of 7) 5.    How can change management be improved via analytics? We have built-up the case for using organizational change management to adopt analytics culture.  By analytics culture, we mean the set of both formal […]

Continue reading...

Business analytics model risk (part 4 of 5): categorizing model risk

June 5, 2013

3 Comments

model risk

Business analytics model risk (part 4 of 5):  categorizing model risk Following from article 3 of 5 on Business Analytics Model Risk Link to introductory header article (0 of 5) Model risk cannot easily be spoken of as a singular entity.  The topic is complicated in that there are multiple ways of categorizing model risk.  As […]

Continue reading...

Business analytics model risk (part 3 of 5): model scoping and complexity

June 5, 2013

3 Comments

complexity

Business analytics model risk (part 3 of 5):  model scoping and complexity Following from article 2 of 5 on Business Analytics Model Risk Link to introductory header article (0 of 5) In a the first article in this set on business analytics model validation (https://sctr7.com/2013/03/14/model-risk-when-is-a-business-analytics-model-validated/), it was proposed, in summary, that: 1) business decision models are […]

Continue reading...

Business analytics model risk (part 2 of 5): saving the kingdom, one nail at a time…

June 5, 2013

3 Comments

For want of a nail...

Business analytics model risk (part 2 of 5):  saving the kingdom, one nail at a time… Following from article 1 of 5 on Business Analytics Model Risk Link to introductory header article (0 of 5) For want of a nail the shoe was lost, for want of a shoe the horse was lost; and for want […]

Continue reading...

Adopting Analytics Culture: 1. Why Change Management? (1 of 7)

May 26, 2013

5 Comments

Cognitive Bias

PART OF A SERIES ON ADOPTING ANALYTICS CULTURE: 1 of 7 LINK TO HEADER ARTICLE What does change management have to do with business analytics? Along with feverish interest in business analytics (BA) and ‘Big Data’ has been an interest in how organizations can adopt ‘analytics culture’ to evolve what has been called ‘analytics maturity’ […]

Continue reading...

The Organization as a Decision Making ‘Brain’

May 25, 2013

3 Comments

The Organizational Brain

An engaging perspective concerning organizational decision making dynamics is that an organization can be seen as a type of decision making computational system.  An organization is composed of an assemblage of agents held together, in tension, by incentives (some shared, some selfish), assessment systems, and decision rights (power) accompanied with access to knowledge, some of […]

Continue reading...