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Analytics Magazine

Inside Story: Problems & Solutions

So many problems, so many analytics-oriented solutions. So where do we start? How about at the beginning, which, according to Maria in the “Sound of Music,” is a very good place to start.

Leading off in his “Executive Edge” column, Paul Roma, U.S. Deloitte analytics market leader, delves into the hot topic of “cognitive computing” and lists five “I wish I would haves” to avoid. How many of us have been there, done that and wished we had a do-over?

Next, longtime “Analyze This!” columnist and college professor Vijay Mehrotra looks at midlife changes and spending his sabbatical year visiting the Human Rights Data Analysis Group, while Tom Pohlmann, head of values and strategy at Mu Sigma, explores in his “Forum” commentary “why your company is doing data and analytics wrong, and how to fix it.”

Speaking of data – and we always are – Chuck Densinger and Mark Gonzales of Elicit take aim at the elephant in the room in their feature article, “There’s no such thing as unstructured data,” and offer four keys to giving structure to unstructured data initiatives. Meanwhile, Ron Stein of Space-Time Insight describes how situational intelligence brings together advanced analytics, data visualization and IoT for a 360-degree operational view for “Making effective decisions in real time.”

Fairfax, Va.-based consultant Doug Samuelson then examines the research behind Doug Hubbard’s new book, “How to Measure Anything in Cybersecurity.” The takeaway: The biggest risk to cybersecurity is the over-reliance on undependable, highly subjective methods of risk assessment. Frank Harmsen, a partner with Ernst & Young, follows with a feature on “Smart cities” that is built around the Amsterdam example and how real-time data helps reduce traffic, pollution, energy usage and crime.

Healthcare analytics is always on our radar, thanks to Rajib Ghosh, whose column, appropriately called “Healthcare Analytics,” appears in every issue of Analytics magazine. Rajib’s column is complemented by a feature article from Shaillee Chopra and Daniel J. Marino of GE Healthcare Camden Group that outlines best practices for high-performing healthcare organizations.

In our final feature, “Monte Carlo for the masses,” Sam Savage, whose book on “The Flaw of Averages” started the probability management revolution, describes a set of tools he developed to automate the data table process for Excel users. Best of all, the tools are free!

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    The 2016 election is a watershed moment for the U.S. healthcare industry. Any presidential election and change of guards come with changes in policies. It happened in 2008 when President Obama was sworn into the office. That led to the establishment of the Affordable Care Act (ACA) or Obamacare. To…
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Analytics Blog

Electoral College put to the math test


With the campaign two months behind us and the inauguration of Donald Trump two days away, isn’t it time to put the 2016 U.S. presidential election to bed and focus on issues that have yet to be decided? Of course not.


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Headlines

Study: Salaries for early career data scientists decrease for first time

Salaries for early career data scientists decreased year over year for the first time in four years as did the percentage of early career data scientists with a Ph.D. while demand for data scientists continued to increase, according to a recently released Burtch Works’ 2017 salary study of data scientists. Salaries for more experienced data scientists generally held steady or increased slightly depending on an individual’s focus area, responsibility and geographic base, according to the report. Read more →

Generous health insurance plans encourage overtreatment, but may not improve health

Offering comprehensive health insurance plans with low deductibles and co-pay in exchange for higher annual premiums seems like a good value for the risk averse, and a profitable product for insurance companies. But according to a forthcoming study in a leading scholarly marketing journal, the INFORMS journal Marketing Science, such plans can encourage individuals with chronic conditions to turn to needlessly expensive treatments that have little impact on their health outcomes. This in turn raises costs for the insurer and future prices for the insured. Read more →

UPCOMING ANALYTICS EVENTS

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2017 INFORMS Healthcare Conference
July 26-28, 2017, Rotterdam, the Netherlands

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