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Thinking Out Loud By Tom Vol. 4
Last week I described five types of analytical organization structures. This week I will describe some research on which ones seem to function best.Last year, my co-author Jeanne Harris and her colleagues performed a survey of quantitative analysts within large organizations. This was the first of its kind, to my
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Thinking Out Loud By Tom Vol. 3
One issue that organizations are often interested in is how to organize analytics. In this post I’ll describe five different organizational models; surely one of them will fit your organization.First there is the totally centralized model, in which a group of analysts in a central function serve the entire organization.
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Thinking Out Loud By Tom Vol. 2
In the last several months I’ve been subjecting much of the world to my spoken thoughts on analytics. I’ve been to Europe (twice), Brazil (twice), Mexico, Argentina, Hong Kong, Chile, Canada, and various places in the US. One thing that has struck me as I travel around and talk to
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Thinking Out Loud By Tom Vol. 1
REAL ESTATE AND OTHER VIRGIN ANALYTICAL TERRITORYThere are many businesses and industries around the world that are virgin territory for analytics. Yes, many industries have considerable analytical activity underway, and more and more companies are embracing the competitive potential of analytics. But there are far more that haven’t even begun
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Analytical Services Reach Full Flower
One of the most astounding developments in analytics over the past several decades is the rise of analytical professional services. Until a couple of years ago, organizations wanting to build and execute analytical applications were largely on their own. Now they’ve got plenty of help. The availability of consultants and
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IIA Uncovering The Use Of Analytics In Health Care
Leading payers, providers & life sciences organizations from the health care industry gathered recently for the kickoff of IIA’s Health Care and Life Sciences Analytics Research Council. The goal of the project is to uncover the leading analytical techniques being used within health care.There were some fairly esoteric issues discussed,
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Is Your Data Becoming Commoditized?
If your organization is in the business of supplying data—either to internal or external customers—it’s likely that your business is rapidly becoming commoditized. There is so much data in the world that it is increasingly not very valuable in itself. Most organizations need data to make better decisions, but analyzing
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Analytics In Government
My friend and IIA colleague Eric McNulty is right in his recent post that there is a lot of talk about analytics in Washington these days. I was there for a SAS event a couple of weeks ago, and it was interesting to think about all the areas where it’s
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Welcome to the Age of Explainability
Modern life has been good for those who understand and can develop analytics. From sexto soccer, data and algorithms are having an increasing impact on how important decisions are made. This has led to rapidly-growing employment for those with analytical talents, and even a proclamation that data scientists are the
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Semi-Automated Social Media Analytics
There is a lot of chatter these days about analytics related to social phenomena: social media analytics, social network analytics, etc. My impression (after talking about it with some folks who specialize in such things) was that there was more talk than action on the subject. But I keep hearing