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Monday, July 18, 2011

In Analytics Magazine

Some good examples from the latest issue of this excellent magazine.  About solving real business problems in business.  Check out the magazine and the underlying organization: Informs.

Analytical evidence vs. practical belief

While our ability to organize and analyze enterprise data grows, the ensuing organizational insights can be game-changing. Sometimes, however, these insights directly contradict gut feelings and sacred cows, putting analytics initiatives at risk of losing important executive support. Read more

Standardized analytical solutions

So the mainstream media have picked up on this analytics thing big time. The latest “hit” is a recent article in the New York Times that cites a recent study by the McKinsey Global Institute entitled, “Big data: the next frontier for innovation, competition, and productivity.” The McKinsey report is full of Saganesque prose (“billions and billions of dollars in savings possible as a result of harnessing the information embedded in the big data sets of today and tomorrow”), highlighting several industries and functional areas that its authors believe are ripe for large-scale application of... Read more

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