Category Archives: Business Analytics

Predictive Analytics Power and Pitfalls

In the last 5 years predictive analytics demonstrated its power and experts predict that 2016 will be a year of Business Analytics. However, those who use the proper tools for years are well aware of pitfalls of these techniques. While experts … Continue reading

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5 Predictions for 2016: The Year of Prescriptive Analytics

Scott Zoldi, chief analytics officer at FICO, published his 2016 predictions. Some of them are quite controversial. At the end he writes: “What do you think? Do my predictions make sense? Do you disagree? I’d love to hear your thoughts on … Continue reading

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New Open-Source Machine Learning Frameworks from Industry Giants

Within one month we saw one IT giant after another coming up with “open-source” frameworks for ML / Advanced Analytics. This can’t be a coincidence! 

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Analytics Reading

You may find several interesting analytics links just published by Nathan Brixius and Jean-Francois Puget.

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We Built Them, But We Don’t Understand Them

We design machines to act the way we do: they help drive our cars, fly our airplanes, route our packages, approve our loans, screen our messages, recommend our entertainment, suggest our next potential romantic partners, and enable our doctors to … Continue reading

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Forrester’s 2016 Predictions: Turn Data Into Insight And Action

How to use technology to glean deeper, faster insight from more data — and more cheaply? Consider that only 29% of architects say their firms are good at connecting analytics results to business outcome. This is a huge gap! Brian … Continue reading

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About Real-Time Analytics

In spite of the power of predictive analytics, there are many skeptics when it comes to real-time machine learning that assumes an access to a continuous flow of transactional data. The following article “What No One Tells You About Real-Time Machine Learning” … Continue reading

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Machine Learns To Play Chess Without Being Told the Rules

We all know that Google Translate successfully translates texts from one language to another without understanding of the underlying semantics.  Now we got another example of a pure statistical learning – read this article “Machine teaches itself chess in 24 … Continue reading

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Using R Language for Decision Modeling

The R is a highly popular free programming language that provides a powerful array of development tools in the numeric analysis and machine learning spaces. With growing popularity of business analytics in general, the popularity of the R language can only be … Continue reading

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The Purpose of Analytics

Jean-Francois Puget from IBM (ILOG) published an interesting article that in particular says: “The purpose of an analytics solution is to enable business decisions based on data.  It does not necessarily mean that such solutions must compute decisions.  It means that whatever … Continue reading

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