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April 2011 Blog Posts (20)

Examples of bad charts. Share your examples of terrible, meaningless, unreadable, cluttered charts with us!



Add your own charts, and see details about these charts at …
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Added by Mirko Krivanek on April 29, 2011 at 7:00pm — No Comments

Supreme Court to hear data-mining arguments on prescription data

Do states have the right to make doctors' prescription data private? Or do data-mining companies have the right to gather that data and sell it? These are the questions before the U.S. Supreme Court tomorrow, as the justices hear arguments over Vermont's data-mining law. Drugmakers will be watching the case closely because they use that prescription data to market their drugs. But so will other industries that rely on data disclosure--as…

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Added by Vincent Granville on April 26, 2011 at 12:15pm — No Comments

Gartner: BI, Analytics Software Spending Jumps 13.4% | PCWorld

Global spending on BI (business intelligence), analytics and performance management applications jumped 13.4 percent in 2010 to US$10.5 billion, according to figures released Wednesday by analyst firm Gartner. The results reflect the…

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Added by Vincent Granville on April 26, 2011 at 12:02pm — No Comments

My favorite data mining books

In random order... My wife believes that my book choices are based on color, shape, texture, price per page, smell, thickness, decorative value, but really, I buy them (mostly) for content.

  1. Handbook of Natural Language Processing - N. Indurkhya, F. Damerau -- CRC Press, 2010 (658 pp.)
  2. Collective Intelligence - T. Segaran -- O'Reilly, 2007 (334 pp.)
  3. Handbook of fitting statistical distributions with R - Z. Carian, E. Dudewicz - CRC Press, 2010 (1,672…
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Added by Vincent Granville on April 24, 2011 at 5:30pm — 1 Comment

The new generation of data miners, statisticians and scientists

  1. They don't spend much time in developing traditional algorithms anymore (e.g. search engine). They don't reinvent the wheel, they re-use existing algorithms, even though they could do a better job by re-inventing these old algorithms. But they think at significantly improving existing algorithms (e.g. search engine), both from a business and technical point of view. Sometimes they even do a bit of hacking and reverse engineering.
  2. They spend a lot of time identifying useful…
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Added by Vincent Granville on April 23, 2011 at 8:00pm — 4 Comments

Bad Process Kills Good Analytics | ClickZ

n many cases, organizations are still struggling to get the return on investment in their digital analytics that they were originally hoping for or could reasonably expect. Ten years on from when Web analytics started to go mainstream, why is that still the case? If we look at the possible reasons, they tend to lie in the "triumvirate" of technology, people, and processes.

A lot of organizations have access to Web analytics technology and have invested in it heavily over the years.…

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Added by Vincent Granville on April 18, 2011 at 11:02am — No Comments

Why Business Analytics is important for business more than ever NOW !!

As the global political & physical barriers are collapsing, all the global markets are getting opened for businesses, creating a fierce  competition within companies to market their products, increase their revenues, grab most of the customers. Organization are not just worried about the profitability but also survival in this tsunami of Global reach.



All along till now, Organizations were using business intelligence to get the information from the vast amount of data buried into… Continue

Added by Sandeep Raut on April 18, 2011 at 6:26am — No Comments

So what is Business Analytics & its various components

In the first post I talked about why Analytics is required more than ever now. In this post let us discuss, what is it all about & what are the typical components of Analytics.
Let us start with definition of Analytics. There are multiple definitions available but as our focus is on Simplified-Analytics, I feel the one below will help you understand better.
Business Analytics is the use of statistical tools & technologies to:
  • Find patterns in…
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Added by Sandeep Raut on April 18, 2011 at 6:24am — No Comments

FICO Webinar on Advanced Analytics to Prevent Insurance Claims Fraud

In 2010, the FBI reported that the total cost of insurance fraud in the United States exceeded $40 billion (USD).  Traditional methods of claims editing and adjudication systems, and even rules-driven fraud detection are limited.  Insurers who want to take a comprehensive approach to fraud management are adopting advanced analytics to identify new patterns and methods of fraud.

Register now and join FICO for a free webinar on…

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Added by Vincent Granville on April 14, 2011 at 2:28pm — 4 Comments

The noble art of persuasion



One of the most prominent themes at the…

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Added by Tomas Andersson on April 13, 2011 at 8:02am — No Comments

Midwest ISO wins 2011 Edelman Prize

2011 Edelman Prize goes to Midwest ISO.  Midwest ISO is a energy management company and one of the largest in the world.

 

Press release here from INFORMS. 

 

From the press release...

"Every year, the Franz Edelman competition recognizes outstanding examples of operations research-based projects that have transformed companies, entire industries,…

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Added by Larry on April 12, 2011 at 7:08am — No Comments

GenSTATS for Teaching and Learning in Ghana

 

Hi folks, it's being an exciting adventure evaluating GenSTATS for teaching and learning, well to sum up I think it is a brilliant software especially for the teaching of statistics to undergraduates, first time programmers or students from other fileds such as public health and social sciences. The ease to navigate and the tips that appear at the landing page makes statistical computing appealing and unintimidating. I will be bloging on this some more as I receive more feedback…

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Added by Kwaku Damoah on April 12, 2011 at 12:39am — 3 Comments

The IEEE VAST 2011 Challenge data sets and problems have been released.

They include the Characterization of an Epidemic Spread, Cybersecurity and an Investigation into Criminal Activity.



See http://hcil.cs.umd.edu/localphp/hcil/vast11/



MINI CHALLENGE 1 : Geospatial and Microblogging - Characterization of an Epidemic Spread



MINI CHALLENGE 2 : Cybersecurity -  Situational Awareness in Computer Networks



MINI CHALLENGE 3:  Text Analytics - Investigation into Criminal… Continue

Added by Georges Grinstein on April 10, 2011 at 11:38am — No Comments

Simplified - Analytics

Simplified-Analytics

Added by Sandeep Raut on April 8, 2011 at 9:36pm — No Comments

US Army claims that Wikileaks reports were obtained using data mining software

Accused WikiLeaks source Pfc. Bradley Manning installed and used unauthorized “data-mining software” on his SIPRnet workstation during the time he allegedly siphoned hundreds of thousands of documents off that classified network, the Army said Friday in response to inquiries from Threat Level.

Manning’s use of unauthorized software was the basis of two allegations filed against him this year in his pending court martial, but the charge sheet listing those allegations was silent on the…

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Added by Mirko Krivanek on April 6, 2011 at 1:04pm — No Comments

Supreme court argues on value of statistical significance | WSJ

My print column this week examines the concept of statistical significance — a concept that the Supreme Court recently weighed in on, but that remains elusive even to some scientists who use it to determine whether their experimental findings are worth…

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Added by Vincent Granville on April 2, 2011 at 9:39am — No Comments

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