A series of examples highlighting the cross-pollination of analytical methods and ideas. Diversity fuels innovation. The joke about the physicist, chemist, and statistician also suggests that at times diversity impedes progress: These three scientists are called to a room where they see a fire in the wastebasket. The physicist says, “I know what to do! [...]
Will the next 007 be schooled in analytics? Perhaps. The U.S. government is reportedly making a nine-figure investment to better understand how language shapes worldviews with the goal of improving its ability to glean intelligence from non-English speakers. It’s known as IARPA: Intelligence Advanced Research Projects Activity. In an article on The Atlantic‘s web site, [...]
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 [...]
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More than 4,500 corporate social responsibility reports are produced each year. That number is growing though it is still small compared to the number of companies that could produce such a report. The reporting process can be a intensive (some would even say grueling) process of data gathering and analysis – one that leading analytics [...]
This comes our way from Fast Company by way of the Environmental Defense Fund’s Innovation Exchange blog: someone is concerned about the carbon footprint of caviar. Well, the sturgeon that produce caviar to be more precise. It all swims around the largest effort ever to transport live fish. Sturgeon had to get from Germany to Abu [...]
Tom Davenport kicked off the second day of Predictive Analytics World with a keynote on the new era of quantitative, or data-driven business. Various analytic threads – web analytics, HR analytics, actuarial, predictive marketing and supply chain – are coming together in really what is best described as Enterprise analytics. The world is changing and [...]
We tend to assume that executives want the right answers about what’s driving their businesses, and that they will gravitate toward analytics as a means to provide them. However, that isn’t always the case, and probably should never be assumed. Here’s an example. A few weeks ago, at a conference for financial executives interested in [...]
Tom pointed me to an interesting article recently – Judgment Call or Automated Decision—Or Both? – by Jan Abrams. It’s an interesting article and I go back and forth as I read it in terms of agreeing or disagreeing with Jan. First, let me say that the use of automated decisioning systems and credit scores [...]
Could analytics dramatically remake your water bill? That’s just one of the questions that came up this past week when I spent a day at a Sustainable Cities conference hosted by the Australian Trade Commission and others. We’ve wrestled with the analytics of sustainability on this blog before. We’ve debated various rankings and the value [...]
