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All Blog Posts Tagged 'making' (5)

Analytics have zero value -- until they inform a decision

As a decision analyst, it is delightful to see all the excitement about the ever-increasing amounts of data available. But, when I see much of what data scientists are doing to find interesting patterns (descriptive analytics is just looking in the rear view mirros) and forecasting (predictive analytics, ideally our GPS), I see little attention paid to the real business decisions that might be informed by these insights (the decision analytics, helping our clients steer a better…

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Added by Max Henrion on March 26, 2015 at 12:00pm — 2 Comments

Analytics and Belief: The Struggle for Truth

For full post:  http://sctr7.com/2013/09/08/analytics-and-belief-the-struggle-for-truth/

Increasingly sophisticated analytics tools and methods are available to derive business insight from data.  However, as a discipline which drives insight from data, the crucial ‘last step’ in the analytics process is about organizational decision making.  A sophisticated, intensive analysis may all be…

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Added by Scott Mongeau on September 14, 2013 at 1:49am — 4 Comments

Seven Questions on Adopting Analytics Culture

Seven Questions on Adopting Analytics Culture

Seven questions are posed and are addressed in serial.  The theme: ‘how can organizations adopt analytics-based decision making culture?’  

In particular, the questions address the use of change management to adopt evidence-based decision making, associated organizational challenges, and how analytics can be used to manage organizational change itself:…

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Added by Scott Mongeau on June 13, 2013 at 3:59pm — 2 Comments

Business analytics model risk: framing model risk

Business analytics model risk (part 0 of 5): framing model risk - the complexity genie and the challenge of deciding on decision models

Introduction to a series of five articles on model risk

Here we introduce a series of five articles seeking to frame, define, and categorize business analytics model risk.  The intention is to propose processes and practices for strengthening organizational decision model risk mitigation. The series of five…

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Added by Scott Mongeau on June 13, 2013 at 3:54pm — No Comments

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