Predictive Analytics Times
Predictive Analytics Times
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Top 10 Analytic Mistakes–Today #0: Lacking Relevant Data

Mining data to extract useful and enduring patterns remains a skill arguably more art than science. Pressure enhances the appeal of early apparent results, but it is all too easy to fool oneself. How can one resist the siren songs of the data and maintain an analysis discipline that will lead to robust results? It is essential...

How Predictive Analytics Has Transformed Inventory Management in Retail

Every retailer wishes to have the right product at the right place at the right time. In order to achieve this there is a lot of thought put into inventory management, allocation, and replenishment processes. Most retailers...

Big Data is Not Enough

Big data is the big buzz word in the world of analytics today. According to google trends, shown in the figure, searches for "big data" have been growing exponentially since 2010 though perhaps is beginning to level...

Predictive Analytics & Retail

Predictive analytics is a hot topic. It has certainly created quite a buzz recently. In fact, a quick look at Google Trends reveals that there has been an over 300% spike in worldwide searches for predictive analytics...

What do we see in Predictive Models?

Predictive Analytics is one of the hottest careers on the tech scene these days and with good reason: data is being collected in ever greater amounts, and this data, it turns out, is useful for improving decisions...

The Computer Knows Who You Are

There's a surprising twist. While some question whether the prescient machines that drive decisions by way of induction and prediction are trustworthy, an emerging problem is that they often predict too well. Predictive technology is so powerful,...

Interview With Predictive Analytics Author Eric Siegel

We live in an era of Big Data and predictive analytics, and Nate Silver's not the only one who's noticed this. I recently sat down with Dr. Eric Siegel to talk about new book, Predictive Analytics: The...

Do Predictive Modelers Need to Know Math?

Predictive analytics is just a bunch of math, isn’t it? After all, algorithms in the form of matrix algebra, summations, integrals, multiplies and adds are the core of what predictive modeling algorithms do. Even rule-based approaches need...

Five Reasons Siegel’s Predictive Analytics Book Matters to Experts

My new book—Predictive Analytics: The Power to Predict Who Will Click, Buy, Lie, or Die ( from publisher John Wiley; foreword by Thomas H. Davenport)—is a revealing, accessible primer positioned to appeal well outside our...

The Future of Prediction: Predictive Analytics in 2020

Good morning. It's January 2, 2020, the first workday of the year. As you drive to the office, the only thing predictive analytics doesn't do for you is steer the car (yet that's coming soon as well)...

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