It is always difficult to predict the external factors that impact your business – especially during a difficult economic cycle. IT can be significantly easier to leverage internal factors that affect business performance, and I am encouraged to see that businesses are paying more attention to one factor supremely under their control – their own [...]
What Does It Mean To Analytic Professionals? For my first blog posting, I decided to focus on one of the hottest topics in analytics right now: “Big Data”. Big Data is typically defined as very large, newer sources of data that don’t necessarily have a convenient or consistent structure. Think web logs, sensor data, RFID [...]
Cross posted at JTonEDM McKinsey just published a new study “Big Data: the next frontier for innovation, competition and productivity” that is definitely worth reading. With lots of detail – it runs to more than 150 pages – it discusses why there is so much more data, what that means and how this data can [...]
The health care reform debate is once again roiling the U.S. House of Representatives as the new Republican majority moves on a bill to repeal the Affordable Care Act passed just about a year ago. Their act is called the Repealing the Job Killing Health Care Act Bill and proponents of repeal say that doing [...]
Paul Wilmott, in a recent New York Times editorial, put forth the argument that financial trading by algorithm has gotten so fast that it threatens to bring down the entire system: “If a fall in the market leads to people selling according to some formula, and if there are enough of these people following the [...]
