In a perfect world, a retailer knows exactly how much demand they can expect, they order just enough inventory from their vendors and suppliers to completely sell it throughout their stores by the end of the given period or season. Warehouses are only used as cross-docks which streamline the supply chain from point of origin to point...
If we were able to predict the future, we would be able read the minds of our customers and know exactly what they wanted. The closest we can get to this supernatural ability is utilizing predictive analytics...
The Securities and Exchange Commission is using predictive analytics to evaluate risks facing the brokerage industry regulated by the agency and, potentially, to pinpoint firms headed for trouble. Beginning this financial quarter, the SEC’s newly created Division...
Security analyst Bruce Schneier’s post on the apparent failure of the U.S. government to stop Syria’s alleged use of chemical weapons holds lessons for Big Data and CIOs. Security analyst Bruce Schneier’s post on the apparent failure...
To overcome these challenges, network managers expect to transform almost half of their agency’s infrastructure by 2015. Federal agencies plan to fully deploy data center consolidation, mobility, security, big data and cloud computing (the Big Five) efforts...
Recently, Nissan Motor announced that they will release a self driving car by 2020. According to Karl Brauer of Kelley Blue Book, “The technology to create self-driving cars is already here, as sci-fi as it...
In 2011 Decision Management Solutions conducted a survey and associated research on the use of predictive analytics in the cloud. While it may not seem like that long ago, back then predictive analytics was just beginning to...
Prediction isn’t just for the stock market. Trading is just one of many ways to cash in on quantitative foresight. For mass marketing – and even presidential campaigns – it’s another story. In those areas, putting odds...
Once you have identified decisions that could usefully be improved by predictive analytics you must develop predictive analytic models for each decision. Each decision is going to require a different predictive analytic model, perhaps several. Some predictive...
Dr. Eric Siegel, author of “Predictive Analytics: The Power to Predict Who Will Click, Buy, Lie, or Die”, answers questions about data, black swans, persuasion models and insights from 147 analytics case studies. Carpe Datum Rx Interview....
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