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Predictive Analytics Times
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A Look at How Big Data is Changing Sports on the Field and in the Press Box
  While major rules rarely change, everything else about...
Wise Practitioner – Predictive Analytics Interview Series: Dr. Satyam Priyadarshy at Halliburton
  In anticipation of his upcoming conference presentation, Challenges...
Automation: Friend or Foe to the Predictive Analytics Practitioner
  Technologies and Big Data continue to bombard our...
Winning Roles: Moneyball 2.0, for your Hiring and Succession Planning Processes
  Business can learn a lot from sports in...
Wise Practitioner – Predictive Analytics Interview Series: Werner Britz at RCS Group
  In anticipation of his upcoming conference presentation, Recoveries:...
Wise Practitioner – Predictive Analytics Interview Series: Dr. Michael Dulin, Carolinas Healthcare System
  In anticipation of his upcoming keynote conference presentation...
Wise Practitioner – Predictive Analytics Interview Series: Benjamin Uminsky, Los Angeles County
  In anticipation of his upcoming conference presentation, Mining...
Wise Practitioner – Predictive Analytics Interview Series: Jessica Taylor of St. Joseph Healthcare
  In anticipation of her upcoming conference co-presentation at...
Wise Practitioner – Predictive Analytics Interview Series: COL William Saxon, Department of the Army
  In anticipation of his upcoming conference presentation, From...
Defensive Data Science: What we can Learn from Software Engineers
  Introduction The Data Scientist’s skill set is a...
Wise Practitioner – Predictive Analytics Interview Series: Patty Larsen, Co-Director, National Insider Threat Task Force
  In anticipation of her upcoming panel discussion, Insider...
Wise Practitioner – Predictive Analytics Interview Series: Bin Mu at MetLife
  In anticipation of his upcoming conference presentation, Establishing...
Wise Practitioner – Predictive Analytics Interview Series: Michael Berry of TripAdvisor
  In anticipation of his upcoming conference presentation, Picking...
Wise Practitioner – Predictive Analytics Interview Series: Catherine Templeton, PAWGOV Keynote Speaker
  In anticipation of her upcoming keynote conference presentation,...
Wise Practitioner – Predictive Analytics Interview Series: William Wood of St. Joseph Healthcare
  In anticipation of his upcoming conference co-presentation at...
The Key to Modelling Success-The Variable Selection Process (Part 2)
  Last month, I discussed the importance of variable...
Wise Practitioner – Predictive Analytics Interview Series: Madhusudan Raman at Verizon
  In anticipation of his upcoming conference presentation, Predicting...
Wise Practitioner – Predictive Analytics Interview Series: Scott Jelinsky of Pfizer, Inc.
  In anticipation of his upcoming conference presentation at...
Wise Practitioner – Predictive Analytics Interview Series: Chris Franciskovich at OSF Healthcare System
  In anticipation of his upcoming conference co-presentation at...
Wise Practitioner – Predictive Analytics Interview Series: Philip O’Brien at Paychex
  In anticipation of his upcoming conference presentation, Predicting...
Wise Practitioner – Predictive Analytics for Healthcare Interview Series: Daniel Chertok at NorthShore University HealthSystem
  In anticipation of his upcoming conference presentation at...
Wise Practitioner – Predictive Analytics Interview Series: Herman Jopia of American Savings Bank
  In anticipation of his upcoming conference presentation, Driving...
Stop Hiring Data Scientists Until You’re Ready for Data Science
  I had yet another call today with a...
How to manage projects in Predictive Analytics
  In the previous five years, the analytical scene...
Wise Practitioner – Predictive Analytics Interview Series: Lawrence Cowan of Cicero Group
  In anticipation of his upcoming conference presentation, Pricing...
Defining Measures of Success for Cluster Models
  In my last article I described ways to...
Good luck placing Analytics in an org chart
  Where does Analytics live at your company? In...
Retail Predictive Analytics Solves the Missing Link in Cross Selling, Up Selling, and Suggestive Selling
  “Do you want fries with that?” – One...
Sameer Chopra’s Hotlist of Training Resources for Predictive Analytics
  Training resources for predictive analytics? There’s an embarrassment...
Wise Practitioner – Predictive Analytics Interview Series: John Smits of EMC
  In anticipation of his upcoming conference presentation, Predicting...
Be a Data Detective
  The Investigative Mentality You’ve probably heard it before...
Wise Practitioner – Predictive Analytics Interview Series: Dr. Patrick Surry of Hopper
  In anticipation of his upcoming keynote conference presentation,...
Predicting Employee Flight Risk: My Take
  It’s exciting to watch advances in predictive and...
The Key to Modelling Success -The Variable Selection Process (Part 1)
  Amongst most practitioners, the key to success in...
Predictive Analytics World in Color [Infographic]
  The world of predictive analytics has been shining...
Space Alien Eager to Convey Thoughts on Data Science
  After President Obama appointed DJ Patil as the...
Defining Measures of Success for Predictive Models
  Excerpted from Chapters 2 and 9 of his...
Overstatement of Results in Predictive Analytics
  Data science and data mining continue to quickly...
The Biggest Lever to Success in Predictive Analytics
  The potential for predictive analytics today is huge....
Wise Practitioner – Manufacturing Predictive Analytics Interview Series: Field Cady at Think Big Analytics
  In anticipation of his upcoming Predictive Analytics World for...
Wise Practitioner – Manufacturing Predictive Analytics Interview Series: Jeffrey Thompson of Robert Bosch, LLC
  In anticipation of his upcoming Predictive Analytics World for...
Wise Practitioner – Manufacturing Predictive Analytics Interview Series: Kumar Satyam of PricewaterhouseCoopers, LLP
  In anticipation of his upcoming Predictive Analytics World for...
White Paper – Immediate Access
Thank you for your interest in the white paper,...
Predicting Rare Events In Insurance
  As we all know, predictive analytics is a...
Python, Predictive Analytics & Big Data oh my!
  Python has seen significant growth in utilization in...
Wise Practitioner – Predictive Analytics Interview Series: Thomas Schleicher of National Consumer Panel
  In anticipation of his upcoming conference presentation, The...
Leveraging Open Data: Improve Customer Experience and Drive New Market Opportunities
  Since the Consumer Financial Protection Bureau (CFPB)’s inception...
From Code to Reports with knitr & Markdown
  Communicating results clearly is critical to the success...
Predictive Analytics Optimizes Prices and Markdowns for Retail
  While most retailers will agree that price optimization...
Wise Practitioner – Predictive Analytics Interview Series: Delena D. Spann of US Government
  In anticipation of her upcoming conference presentation, 21st...
Infographic – PAW SF
5-Minute Recap
  In San Francisco this past March and April,...
Wise Practitioner – Predictive Analytics Interview Series: Dr. Patrick Surry of Hopper
  In anticipation of his upcoming conference presentation, Buy...
Wise Practitioner – Predictive Analytics Interview Series: Viswanath Srikanth of Cisco
  In anticipation of his upcoming conference co-presentation, Building...
Wise Practitioner – Predictive Analytics Interview Series: Jack Levis of UPS
  In anticipation of his upcoming conference keynote presentation, UPS...
Trust in Analytics Work: Why it’s Needed and How to Build It
  Much has been written about data-driven decision making....
Guiding Principles to Build a Demand Forecast
  Demand forecasting is one of the most challenging...
Wise Practitioner – Predictive Analytics Interview Series: Arcangelo Di Balsamo of IBM
  In anticipation of his upcoming conference presentation, Applied...
Wise Practitioner – Predictive Analytics Interview Series: Dean Abbott of Smarter Remarketer
  In anticipation of his upcoming conference presentation, The...
Predictive Analytics in Sports
  The world of sports has seen exponential increases...
5 Things I Learned at Predictive Analytics World for Workforce
  As a trained researcher, I’ve always been fascinated...
Predictive Analytics as a Strategic HR Solution
  This interview is the second in a series...
Visualizations Get Some Snap from R Shiny
  “Numbers have an important story to tell. They...
What Programming do Predictive Modelers Need to Know?
  In most lists of the most popular software...
Wise Practitioner – Workforce Predictive Analytics Interview Series: John Callery at AOL
  In anticipation of his upcoming Predictive Analytics World for...
Analytic Professionals — Share your views: Participate in the Rexer Analytics 2015 Data Miner Survey
  Data Analysts, Predictive Modelers, Data Scientists, Data Miners,...
Charlie Batch and the Cost of Obfuscation
  The hot Florida sun shone down on fans,...
Predictive Analytics for Insurance Risk: A New Level of Data Scrutiny-Part 2-Development and Implementation
  For more on the application of predictive analytics...
Is Big Data Better?
  Big data is usually defined as lots of...
Wise Practitioner – Workforce Predictive Analytics Interview Series: Chad Harness at Fifth Third Bank
  In anticipation of his upcoming Predictive Analytics World for...
Building the Optimal Retail Assortment Plan with Predictive Analytics
  After making a financial plan for the year...
Using Advanced Clustering Techniques to Better Predict Purchasing Behaviors in Targeted Marketing Campaigns
  Today’s forward-thinking retailers are seeking relevant, agile and...
Wise Practitioner – Workforce Predictive Analytics Interview Series: Patrick Coolen of ABN-AMRO Bank
  In anticipation of his upcoming Predictive Analytics World for...
Using Predictive Analytics to Predict and Manage Business Travel Burnout
  For more on the application of predictive analytics...
Wise Practitioner – Workforce Predictive Analytics Interview Series: Scott Mondore at Strategic Management Decisions, LLC
  In anticipation of his upcoming Predictive Analytics World for...
Wise Practitioner – Predictive Analytics Interview Series: Bob Bress of Visible World
  In anticipation of his upcoming conference presentation, TV...
Wise Practitioner – Workforce Predictive Analytics Interview Series: Holger Mueller of Constellation Research, Inc.
  In anticipation of his upcoming Predictive Analytics World for...
The Imminent Future of Predictive Modeling
  Predictive modeling tools and services are undergoing an...
Using Statistics and Visualization as Complementary Validation
  I don’t often find myself thinking or saying...
Predictive Analytics for Insurance: A New Level of Data Scrutiny
  For more on the application of predictive analytics...
The Three-Legged Stool of an Analytics Project
  Perhaps you have heard rumors going around that...
Defining Measures of Success for Predictive Models
  Excerpted from Chapter 2 of Mr. Abbott’s book...
Effective Framing of Predictive Analytic Projects
  For more from James Taylor, see his presentation...
Wise Practitioner – Predictive Analytics Interview Series: Richard Boire of Boire Filler Group
  In anticipation of his upcoming conference presentation, Predicting...
Wise Practitioner – Predictive Analytics Interview Series: Sarah Holder of Duke Energy
  In anticipation of her upcoming conference presentation, It’s...
Infographic – Predictive Analytics World by the Numbers
  Predictive Analytics World continues to grow by popular...
Wise Practitioner – Predictive Analytics Interview Series: Mohamad Khatib of Nielsen
  In anticipation of his upcoming conference presentation, Pizza...
A Critical Step Toward Organizational Data Maturity: Thinking in Terms of Distributions!
  For more from the Josh Hemann, see his...
It is a Mistake to…. Answer Every Inquiry
  (Part 9 (of 11) of the Top 10...
Wise Practitioner – Predictive Analytics Interview Series: Dominic Fortin of TD Insurance
  In anticipation of his upcoming conference presentation, A...
5 Ways Retail Predictive Analytics helps Fashion Retailers Maximize Gross Margin
  Fashion retailers have one of the most dynamic...
Wise Practitioner – Workforce Predictive Analytics Interview Series: Pasha Roberts at Talent Analytics
  In anticipation of his upcoming conference presentation, A...
Predictive Modeling Skills: Expect to be Surprised
  Excerpted from Chapter 1 of Mr. Abbott’s book...
Big Data: To Analyze or Not to Analyze
  Much has been written about Big Data and...
Wise Practitioner – Predictive Analytics Interview Series: Bryan Guenther of RightShip
  In anticipation of his upcoming conference presentation, The...
Wise Practitioner – Predictive Analytics Interview Series: Aaron Lanzen of Cisco
  In anticipation of his upcoming conference presentation, Integrating...
Wise Practitioner – Predictive Analytics Interview Series: David Schey of Digitas
  In anticipation of his upcoming conference presentation, Uplift...
It is a Mistake to…. Extrapolate
  (Part 8 (of 11) of the Top 10...
Wise Practitioner – Workforce Predictive Analytics Interview Series: Carl Schleyer of 3D Results
  In anticipation of his upcoming Predictive Analytics World for...
The Trouble with Numbers
  Previous discussions in other publications have often revolved...
Wise Practitioner – Predictive Analytics Interview Series: Josh Hemann of Activision
  In anticipation of his upcoming conference presentation, Cheating Detection...
Practical Predictive Modeling: Quick Variable Selection
  This post is largely excerpted from Dean Abbott’s...
It is a Mistake to…. Discount Pesky Cases
  (Part 7 (of 11) of the Top 10...
Wise Practitioner – Workforce Predictive Analytics Interview Series: Scott Gillespie, Managing Partner of tClara
  In anticipation of his upcoming Predictive Analytics World...
Want to Improve Your Prototype-to-Production Analytics Process? Embrace Thinking Inside the Box
  Anyone in the business of analytics knows that...
Using Decision Trees in Variable Creation: Minimizing Information Loss-Part 1
  Numerous articles have been written about the use...
Predictive Analytics turns Multi Channel Retailing into Omni Channel Retailing.
  Multi Channel retailing has existed for a very...
Eric Siegel Discusses Predictive Analytics and Civil Liberties on KCRW’s Radio Show
  Last week on “To the Point,” an NPR-syndicated...
Wise Practitioner – Predictive Analytics Interview Series: Dean Abbott, Smarter Remarketer
  In anticipation of his upcoming conference keynote and...
Wise Practitioner – Predictive Analytics Interview Series: Elpida Ormanidou of Walmart
  In anticipation of Predictive Analytics World for Workforce,...
Future of Analytics: Big Data Integration, Transforming Organizations and Processes, Providing Speed and Foresight
  With Analytics being a buzzword, most business executives...
Haystacks and Needles: Anomaly Detection
  Anomalies vs Outliers Anomaly detection, or finding needles...
Auditing the Data When Deploying Predictive Analytics Solutions
  Much of the discussion in the predictive analytics...
Leveraging Dark Data: Q&A with Melissa McCormack
  Melissa McCormack,Research Manager at predictive analytics research firm...
Wise Practitioner – Predictive Analytics Interview Series: Nephi Walton, M.D., Washington University/University of Utah
  In anticipation of his upcoming conference presentation at...
Using Predictive Modeling Algorithms for Non-Modeling Tasks
  It is obvious what predictive modeling algorithms like...
Wise Practitioner – Predictive Analytics Interview Series: Greta Roberts of Talent Analytics
  In anticipation of her upcoming keynote conference presentation...
Wise Practitioner – Predictive Analytics Interview Series: George Savage, M.D., Proteus Digital
  In anticipation of his upcoming keynote conference presentation...
From Human Screen to Machine: Predictive Analytics Helps Avoid a Major Point of Hiring Failure
  What is an employer’s most business-critical corporate process?...
Predictive Analytics in Health Care: Helping to Navigate Uncertainties and Change
  A recent billion-dollar forecasting error in Walgreen’s Medicare-related...
The Power of Predictive Analytics for Retail Replenishment
  Replenishment is an essential process in the retail...
Voice of the HR Profession: “Charts and Graphs are Hard to Follow”
  In early August, our Director of Marketing reached...
Wise Practitioner – Predictive Analytics Interview Series: John Cromwell, M.D., University of Iowa Hospitals & Clinics
  In anticipation of his upcoming keynote conference presentation...
Creating the All-important Analytical File-The Key Step in Building Successful Predictive Analytics Solutions
  In the data audit process, canned routines are...
Wise Practitioner – Predictive Analytics Interview Series: Linda Miner, Ph.D., Southern Nazerene University
  In anticipation of her upcoming conference presentation at...
It is a Mistake to…. Accept Leaks from the Future
  (Part 6 (of 11) of the Top 10...
Wise Practitioner – Predictive Analytics Interview Series: Marty Kohn, M.D. of Jointly Health
  In anticipation of his upcoming conference keynote at...
What’s the Government’s Role in Big Data Surveillance?
  What if predictive analytics could help prevent acts...
Wise Practitioner – Predictive Analytics Interview Series: John Foreman of MailChimp
  In anticipation of his upcoming conference keynote at...
Is Predictive Analytics Insidious? National Radio Interview
  Interviewing Eric Siegel on the radio, a Hollywood...
5 Reasons Predictive Analytics World for Workforce is Different – And Better
  If you follow the workforce analytics space, you...
Should Employee Analytics “Go Fishing” or Solve Business Problems?
  Over the years, our firm has had many...
Wise Practitioner – Predictive Analytics Interview Series: Sameer Chopra of Orbitz
  In anticipation of his upcoming conference keynote at...
Wise Practitioner – Predictive Analytics Interview Series: Jack Levis of UPS
  In anticipation of his upcoming conference keynote presentation, UPS...
Connecting the Experts with the Data Scientists
  “Can Machines Think?” was the cover of Time...
Why analysts should master public speaking
  Industry leader and consultant Geert Verstraeten serves as...
Defining the Target Variable in Predictive Analytics- A Not so Easy Process
  Defining a target variable is one of the...
Book Review of “Applied Predictive Analytics” by Dean Abbott
  Industry leader and author Dean Abbott will be...
Recognizing and Avoiding Overfitting, Part 1
  In my last two posts I described why...
Webinar: Towards Solving Employee Attrition: Cost Modeling
  Presented by: Pasha Roberts, Chief Scientist, Talent Analytics,...
It is a Mistake to…. Listen Only to the Data
  (Part 5 of 11 of the Top 10...
The Data Audit Process (Part 1)-The Initial Step in Building Successful Predictive Analytics Solutions
  Building predictive analytics solutions is very much in-vogue...
10 Practical Actions that Could Improve Your Model
    (adapted from Chapter 13 of the Handbook...
The Great Analytical Divide: Data Scientist vs. Value Architect
  In the analytics space, it is quite common...
Employee Churn 202: Good and Bad Churn
  Our prior article on this venue began outlining...
Why Overfitting is More Dangerous than Just Poor Accuracy, Part II
  In part one, I described one problem with...
Predictive Analytics is the Answer to Smart Fulfillment and Omni-Channel Retailing
  Over the past 5 years there have been...
Employee Churn 201: Calculating Employee Value
  Much has been written about customer churn –...
Why Overfitting is More Dangerous than Just Poor Accuracy, Part I
  Arguably, the most important safeguard in building predictive...
5 Ways to Become Extinct as Big Data Evolves
  The need to adopt sophisticated data analytics has...
It is a Mistake to…. Ask the Wrong Question
  (Part 4 (of 11) of the Top 10...
What Role can Network Analysis play in Business Intelligence?
  Network analysis is an emerging Business Intelligence technique...
The Data Behind Data Scientists: Top Kaggle Performers
  Kaggle, an online platform that hosts data analytics...
It’s Predictive Analytics, not Forecasting!
  This is my final article for this year....
A Good Business Objective Beats a Good Algorithm
  Predictive Modeling competitions, once the arena for a...
Retail Predictive Analytics for Price Optimization & Markdown Management
  There is no doubt that price is one...
It is a Mistake to…. Rely on One Technique
  (Part 3 of 11 of the Top 10...
The Musings of a (Young) Data Scientist
I quit my job as a Mathematical Statistician after...
Big Data Continued…
Big Data is not a singular concept but rather...
How to Calculate the Optimal Safety Stock using Retail Predictive Analytics.
In a perfect world, a retailer knows exactly how...
The Role of Analysts After Model Deployment
Last month I made the case for discussing model...
How predictive analytics will power the internet of things
Recently, Nissan Motor announced that they will
Prediction Isn’t Just About Stocks. Predictive Persuasion
Prediction isn’t just for the stock market. Trading is...
The Greatest Power of Big Data: Predictive Analytics
Every day’s a struggle. I’ve faced some tough challenges...
It is a Mistake to… Focus on Training Results
(Part 2 of 11 of the Top 10 Data...
7 Ways Predictive Analytics Helps Retailers Manage Suppliers
One of the most challenging aspects of the retail...
Why Don’t We Talk about Deployment?
The Cross Industry Standard Process for Data Mining...
Understanding Predictive Analytics: A Spotlight Q&A with Eric Siegel, author of Predictive Analytics: The Power to Predict Who Will Click, Buy, Lie, or Die
This BeyeNETWORK spotlight features Ron Powell's interview with Eric...
Predictive Analytics: “Freakonomics” Meets Big Data
While writing my book, Predictive Analytics: The Power...
5 Reasons to Not Care About Predictive Analytics
Technology: complex and alienating, or promising and fascinating?...
Yet Another Big Data Article
It's like an irritating fly buzzing around your head...
Predictive Analytics Helps Solve Retail Allocation Challenges
We’ve already discussed why predictive analytics works so...
Why (some) Predictive Analytics will Move to the Cloud
A 2012 Gartner survey of over 1300...
Wise Practitioner – Predictive Analytics Interview Series: Philip O’Brien at Paychex
In anticipation of their upcoming conference presentation at Predictive...
Wise Practitioner – Predictive Analytics Interview Series: Vikash Singh
In anticipation of his upcoming conference presentation at Predictive...
Deathwatch: Five Reasons Organizations Predict When You Will Die
Who benefits by predicting your behavior? Organizations do—companies, government...
Wise Practitioner – Predictive Analytics Series: Brett Cohen of AOL
In anticipation of his upcoming conference presentation at
The NSA, Link Analysis and Fraud Detection
The recent leaks about the NSA's use data mining...
Top 10 Analytic Mistakes–Today #0: Lacking Relevant Data
Mining data to extract useful and enduring patterns remains...
How Predictive Analytics Has Transformed Inventory Management in Retail
Every retailer wishes to have the right product at...
Big Data is Not Enough
Big data is the big buzz word in the...
Predictive Analytics & Retail
Predictive analytics is a hot topic. It has certainly...
What do we see in Predictive Models?
Predictive Analytics is one of the hottest careers on...
The Computer Knows Who You Are
There's a surprising twist. While some question whether the...
Interview With Predictive Analytics Author Eric Siegel
We live in an era of Big Data and...
Do Predictive Modelers Need to Know Math?
Predictive analytics is just a bunch of math, isn’t...
Five Reasons Siegel’s Predictive Analytics Book Matters to Experts
My new book—Predictive Analytics: The Power to...
The Future of Prediction: Predictive Analytics in 2020
Good morning. It's January 2, 2020, the first workday...
The Future Directions for Text Analytics
At the Boston Text Analytics World, held on October...
How the Obama Camp Analytically Persuaded Millions of Voters
Elections hang by a thinner thread than you think...
What We Should Take Home From Predictive Analytics Conferences
Why should one go to a predictive analytics conference?...
Three Ways to Get Your Predictive Models Deployed
We all know that given reasonable data, a good...
Why Predictive Modelers Should be Suspicious of Statistical Tests
Well, the danger is really not the statistical test...
Inside the Secret World of the Data Crunchers Who Helped Obama Win
In late spring, the backroom number crunchers who...
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1 year ago
Employee Churn 202: Good and Bad Churn

 

Our prior article on this venue began outlining the business value for solving “the other churn” – employee attrition.
We introduced the “quantitative scissors” with a simple model of employee costs, benefit, and breakeven points. The goal was to create a robust mental model for the cost of employee attrition.

In this entry, we will extend that model to tease out the factors that underlie attrition cost. With this work we hope to streamline the first step of CRISP-DM, “Business Understanding.” By understanding the underlying structure, analysts can systematically attack the problem rather than engage in (more…)

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