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Some years ago we did some research on the landscape of analytics capabilities. The research looked at the increasingly broad portfolio of analytic capabilities available to enterprises – everything from traditional Business Intelligence (BI) capabilities like reporting and ad-hoc queries to modern visualization and data discovery capabilities as well as advanced (predictive) analytics. One of […]
Automating decisions about transactions lets them be handled in real-time, providing better customer service. If that decision fails to detect fraudulent transactions, this lets fraud into the system. Once a fraudulent transaction has been allowed, you are committed to a “pay and chase” approach to eliminating it. This has a poor success rate. Much better […]
Several of this year’s International Institute for Analytics predictions point towards a DecisionsFirst decision management approach.
Many, most, companies are actively considering using AI in their business, but few are making much progress. Some of this is due to a poorly defined approach. Some is due to confusion as to what AI means – mixing conversational AI (a user experience technology) with decision-making AI (an extension of predictive analytics and machine […]
A key way for insurers to respond to disruption in the insurance market is to more effectively personalize their marketing. Targeting prospects and especially customers with unique, personalized messages is a way for traditional carriers to be “disruptive”. Indeed there are those who see personalization—reaching customers with targeted messaging, offers, and pricing at just the […]
Learn three critical success factors in delivering business value from your advanced analytics investments. Many organizations still struggle to get a business return on their investment on advanced analytics. The biggest barrier? An inability to integrate analytics, especially predictive analytics, into frontline systems and business processes. Work with a number of global companies has revealed […]
Jim Sinur of Aragon Research just released a new report: Decision Management Platforms Sharpen Decision Outcomes for Enterprises An organization’s ability to execute superior decisions will be a huge differentiator in today’s ever-changing business environment. Currently, enterprises are faced with the challenge of making faster decisions, despite the limited skill base to assist more frequent […]
This year Predictive Analytics World is coming to Las Vegas June 3-7, 2018, for the largest Predictive Analytics World event ever. There’s a packed agenda including a great Analytics operationalization and management track focused on how to take analytics (and AI) and get real business value from them. The track kicks of with James Taylor, Decision […]
Many data science projects use the popular and well established CRISP-DM methodology. However, CRISP-DM has limitations especially regarding business understanding and deployment. The decision modeling process and the graphical decision requirements diagram addresses these challenges. CRISP-DM Popular, but with Limitations Gregory Piatetsky of KDnuggets writes following the KDnuggets Data Mining Methodology Poll: “CRISP-DM remains the […]
We have been helping several organizations improve their analytic and data science projects. Like many users of analytics, these organizations find that their analytic teams often lack a clear understanding of the business problem, resulting in projects that lose their way or produce analytic models that don’t get operationalized, deployed or used. We have helped […]