There is a wealth of new data sources for companies to use in their analytics. Bill Franks, Chief Analytics Officer, Global SAS Program for Teradata, provides some insight into how to evaluate new data sources and what pitfalls to avoid.
Ever thought about the similarities between cooking and analytics? SAS’ Tonya Balan explains how adventurous cooking techniques are much like innovation in the field of analytics. Mix and match a bit of this and a bit of that, and you have a recipe for novel analytical approaches.
Author and statistician Kaiser Fung makes a compelling case for the value of analytics. We caught up with Fung recently and asked him about how a better understanding of statistics and analytics can help organizations avoid financial problems, hire quantitative talent and make greater insights by using predictive analytics.
It seems that black swans – highly improbable events – aren’t as rare as they are advertised to be. Leo Sadovy gives examples of how the Black Swan Theory can be applied to business, and how analytics can help one prepare for future high-impact events.
Organizations that believe analytics is nothing more than building the perfect algorithm will be disappointed, says Dean Abbott, President of Abbott Analytics. Learning to frame questions and keeping an experimental mindset are critical to success.
For organizations eager to grow sales by taking an analytical approach, they need to understand the data that is available right now, lock down clear business objectives, keep the process in motion and on target, and measure the results, says Eric Siegel, PhD, Conference Chair of Predictive Analytics World and Text Analytics World.
Eric Siegel, PhD, Conference Chair for Predictive Analytics World and Text Analytics World, expands on the innovative approaches of using social data, text analytics and net-lift modeling for better predictive models in this video.
Business intelligence provides valuable historical information, but not prediction and forecasting capabilities. For that, you need advanced analytics.
In this article, Jim Goodnight, CEO of SAS, gives his crystal-ball view of what companies need to maintain a competitive advantage.
Forecasting the future, a key element of business analytics, becomes critical during a crisis. In this article, forecaster Arthur Kordon of The Dow Chemical Co. recounts his experience after the global financial crisis.