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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!

Related Posts

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    FEATURES There’s no such thing as unstructured data By Chuck Densinger and Mark Gonzales How to get around the elephant in the room: Four keys to giving structure to unstructured data initiatives. Making effective decisions in real time By Ron Stein Situational intelligence brings together analytics, data visualization and IoT…
    Tags: data, analytics, healthcare, risk, unstructured, best, edge, executive, tools, visualization
  • 59
    Features Visualizing machine-learning analysis In the journey from analysis to data-driven outcomes, data visualization presents data in a powerful and credible way. By Navneet Kesher Calling the smart way Big data analytics increase call center productivity and reduce unwanted phone calls by calling at the right time. By Douglas A.…
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  • 50
    Following the 2016 presidential election, the first two months of the new year were quite tumultuous for the U.S. healthcare system. Interestingly, the Affordable Care Act (ACA) has survived so far, albeit the process to repeal the law has begun.
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  • 49
    January/February Cybersecurity: new threats, new solutions The IOT and related, hidden security risks Can analytics save U.S. healthcare system? March/April Supply chain advances and solutions Software survey: vehicle routing Capitalizing on AI & machine learning May/June Social media, marketing & analytics Real-time customer personalization Next generation revenue management July/August Software…
    Tags: analytics, solutions, data, u.s, healthcare, cybersecurity
  • 47
    The healthcare analytics industry is making great strides. As part of my work I talk to many data analytics companies who report they are very busy with implementation projects. One large company told me that its implementation staffs are booked until end of the first quarter of 2017. This is…
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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.


Headlines

Three keys for organizations to gain value from information

In the current information-driven society and increasingly digitalized world, Gartner, Inc. says that sentiments are shifting from the economics of tangible assets to the economics of information – “infonomics” – and other intangible assets. Infonomics is the theory, study and discipline of asserting economic significance to information. It strives to apply both economic and asset management principles and practices to the valuation, handling and deployment of information assets.  Read more →

Burtch Works study on ‘Salaries of Predictive Analytics Professionals’

According to the recently released Burtch Works study on “Salaries of Predictive Analytics Professionals 2017,” senior-level executives saw the largest increase in salaries from 2016 to 2017, and industry diversification of employment has diluted the concentration of such professionals from financial services and marketing/advertising to consulting and technology. Read more →

New study asks, ‘Is your business AI-ready?’

Despite fears that robots will replace human labor, the majority of artificial intelligence (AI) leaders (79 percent) expect their employees will work comfortably with robots by 2020, according to a new Genpact survey of C-Suite and senior executives titled, “Is Your Business AI-Ready?” Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

2017 Winter Simulation Conference (WSC 2017)
Dec. 3-6, 2017, Las Vegas

CAP® EXAM SCHEDULE

CAP® Exam computer-based testing sites are available in 700 locations worldwide. Take the exam close to home and on your schedule:


 
For more information, go to 
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