TDWI research indicates that if users stuck to their plans around predictive analytics, adoption would be at 75–80% versus the 35–40% we currently see. Predictive analytics is on the cusp of widespread adoption. Many organizations are excited to make use of the power of predictive analytics (including machine learning) because they understand the … Continue reading The Predictive Analytics Conundrum
Today, I participated in a webinar with Actuate on the skills needed for business analysts to perform predictive modeling. This is a hot topic and there were hundreds of participants on the call. In my part of the presentation, I outlined some major trends in predictive analytics (including the fact that the tools are much easier … Continue reading Six skills for predictive analytics
My new (and first!) TDWI Best Practices Report was published a few weeks ago. It is called Predictive Analytics for Business Advantage. In it, I use the results from an online survey together with some qualitative interviews to discuss the state of predictive analytics, where it is going, and some best practices to get there. You … Continue reading Four ways to illustrate the value of predictive analytics
Predictive analytics, a technology that has been around for decades has gotten a lot of attention over the past few years, and for good reason. Companies understand that looking in the rear-view mirror is not enough to remain competitive in the current economy. Today, adoption of predictive analytics is increasing for a number of reasons … Continue reading Five Trends in Predictive Analytics
I am excited to announce I’m a co-author of Big Data for Dummies which will be released in mid-April 2013. Here’s the synopsis from Wiley: Find the right big data solution for your business or organization Big data management is one of the major challenges facing business, industry, and not-for-profit organizations. Data sets such as … Continue reading Two Weeks and Counting to Big Data for Dummies
For more years than I like to admit, I have been focused on the importance of managing data so that it helps companies anticipate changes and therefore be prepared to take proactive action. Therefore, as I watched the market for predictive analytics really emerge I thought it was important to provide customers with a holistic … Continue reading The Inaugural Hurwitz & Associates Predictive Analytics Victory Index is complete!
Hurwitz & Associates conducted an online survey on advanced analytics in January 2011. Over 160 companies across a range of industries and company size participated in the survey. The goal of the survey was to understand how companies are using advanced analytics today and what their plans are for the future. Specific topics included: - … Continue reading Four Findings from the Hurwitz & Associates Advanced Analytics Survey
In 2011 analytics will take center stage as a key trend because companies are at a tipping point with the volume of data they have and their urgent need to do something about it. So, with 2010 now past and 2011 to look forward to, I wanted to take the opportunity to submit my predictions … Continue reading Five Analytics Predictions for 2011
There has been a lot of discussion recently around advanced analytics. I'd like to throw my definition into the rink. I spent many years at Bell Laboratories in the late 1980s and 1990s deploying what I would call advanced analytics. This included utilizing statistical and mathematical models to understand customer behavior, predict retention, or analyze … Continue reading What is advanced analytics?
The other day I was looking at the analytics discussion board that I moderate on the Information Management site. I had posted a topic entitled “the value of advanced analytics.” I noticed that the number of views on this topic was at least 3 times as many as on other topics that had been posted … Continue reading Five requirements for Advanced Analytics