Tag Archives: business analytics

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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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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Business Analytics Model Risk Working Group

June 19, 2013

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BAMRWG

  This is a review committee working group for practitioners and academics to establish a formal definition and set of classification criteria regarding business analytics model risk. This group has been established based upon interest and feedback concerning a recent set of posts regarding business analytics model risk: http://tinyurl.com/ktabt3q For those interested, you can join the […]

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

June 17, 2013

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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, […]

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