Do the BI vendors’ claims really stack up? “A little prediction goes a long way” wrote Eric Siegel in his popular Predictive Analytics book. True, predictive analytics is now part and parcel of most Business Intelligence (BI), analytics and Big Data platforms and applications. Forrester Research anecdotal evidence finds that open source R is
You don’t have to be Nostradamus to predict that predictive analytics is going to become more and more important to digital marketers. Gartner sees an ongoing shift from analyzing historical descriptive data in aggregate to tell the...
With the field of predictive analytics becoming a more mainstream business discipline, the end objective for many organizations is to operationalize this discipline in order to truly leverage the full business impact. The notion of “operationalizing” this...
Listen to the Podcast Here HR departments routinely collect information about their employees. But what happens when they use predictive analytics to predict if someone might leave the company – and that someone is you? Eric Siegel,...
This speaker session is from Predictive Analytics World, September 30-October 1, 2013 in Boston, MA: (more…)
According to a new market report “Predictive Analytics Market (Customer intelligence, Decision support systems, Data mining and management, Performance management, Fraud and security intelligence, Risk management, Financial intelligence, Operations and Campaign management) – Global Industry Analysis, Size,...
Many organizations attempt to achieve “data nirvana” by having 100% complete information for any given business decision. In the customer analytics space, this is sometimes referred to as a “360 degree view of the customer.” However, we...
As the “Year of Statistics” comes to a close, I write this blog in support of the many statisticians who carefully fulfil their analysis tasks day by day, and to defend what may appear to be demanding behavior when...
Transaction banking has made huge strides in recent years. The easy availability of new technologies has improved operating efficiencies and accuracy. Apart from this, the speed of transactions has also increased remarkably. The volume of transaction banking...
While heaps of big data exist in the travel sector – from how seasonality affects bookings to the types of travel packages that receive the highest conversion rates among consumers – leveraging some of the more unstructured...
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