Category Archives: Business Analytics

What Exactly The Heck Are Prescriptive Analytics?

On Feb. 20 Mike Gualtieri from Forrester wrote: “Prescriptive analytics is about using data and analytics to improve decisions and therefore the effectiveness of actions. Isn’t that what all analytics should be about? A hearty “yes” to that because, if analytics does not … Continue reading

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Turn business problems into machine learning algorithms

“To solve any business problem, you must first start with a business question. Some vendors speak too much about “magic.” In their eyes, you combine data, machine learning and cognitive artificial intelligence, and you get magic. That may be true … Continue reading

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Getting Real About AI in Insurance

Sapiens gathered five of its leading subject matter experts for a quick Q&A to get real about artificial intelligence (AI) in the insurance industry. A quote: “Question. How insurers can prepare for a more “intelligent” future? Answer: The best way for … Continue reading

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Measuring Customer Loyalty Index and Using It to Make Smarter Sell/Buy Decisions

I thought DMCommunity readers will be interested to listen this informal presentation given by a real-world Data Scientist without pseudo-scientific references. One of my long-time colleagues, Igor Elbert today is VP of Data Science at Tapad. Previously he applied predictive and … Continue reading

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Nuts and Bolts of Deep Learning

Deep Learning has been the core topic in the Machine Learning community the last couple of years. You may read “The major advancements in Deep Learning in 2016” to go through the advancements contributed the most (or have the potential) … Continue reading

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Predictions always contain errors!

We are all well aware of the predictive analytical capabilities, however, it remains important to stress that the outcome of a prediction model will always contain an error. Decision makers need to know how big that error is.  “Now that … Continue reading

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What does Leo Tolstoy’s War and Peace have to do with Decision Analytics?

“While Leo Tolstoy’s War and Peace is a critically acclaimed story of life, love, and loss, for even the most avid bookworms the thought of reading this lengthy tome from start to finish is more of a millstone than a milestone. Indeed, … Continue reading

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