Tag Archives: organizational decision processes

The Janus Imperative: Bridging Business Silos via Analytics

December 17, 2014

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Analytics professionals should keep a persistent eye open for opportunities to create cross-functional insights from data. Insights can frequently be leveraged across multiple business domains. However, business silos can restrict ‘forest for the trees’ visibility. To the degree analytics has cross-functional exposure in the organization, for instance via a C-level champion and an Analytics Center […]

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Network analytics: more than pretty pictures

August 14, 2014

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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 […]

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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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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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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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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

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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 […]

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

June 12, 2013

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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 […]

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