Credit cards are very much in the news these days. The Senate has passed new rules for credit card practices that are expected to pass the House and be signed by the President before Memorial Day. At the heart of this debate — sometimes on the surface and sometimes only through inference — are analytics. [...]
Warren Buffett took the stage at the Berkshire Hathaway annual meeting over the weekend and answered questions for more than five hours. As reported in the New York Times, Buffett didn’t have much good to say about those who practice higher math: “During the boom, the country became too enamored with the idea that the [...]
Tracking a new strain of flu isn’t easy. Data can be scarce and, depending upon its source, of questionable reliability. Decisions, however, have to be made: Do you close schools? Do you release the strategic stockpile of anti-virals? Do you seal the borders? Analytics play a key role in making these decisions. In today’s NY [...]
The New York Times recently reported on activities by credit card companies scouring card holders’ purchasing activities looking not only for possible fraudulent purchases but also contextual signs that they might be likely to fail to make their payments. The company has been looking at home prices in your area, the type of mortgage lender [...]
