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All Blog Posts Tagged 'management' (20)

When Business Analytics Data Meets Quality Management Software

For some, simply skimming over material with words like ‘systems analysis’ or ‘business statistical data’ causes eyes to glaze over as interest and attention vaporize into thin air like a wisp of smoke. But these business buzzwords are not so nebulous in their foundations. Analytical data and use of Big…

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Added by Andrew Heikkila on January 18, 2016 at 12:08pm — No Comments

Introduction to business analytics online lecture

Sharing a lecture introducing business analytics to agroup of MBA and MIS students at Erasmus Rotterdam School of Management:

Summary:  https://www.youtube.com/watch?v=KmG7FJhms2Q

Part 1 of 4: https://www.youtube.com/watch?v=KFYYDrEV4wI

Part 2 of 4: …

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Added by Scott Mongeau on May 19, 2014 at 9:37am — No Comments

Importance of detailed data in maintenance operation

Maintenance, Repair and Overhaul (MRO) operations are of extreme importance for some industries. They are particularly crucial for airplanes, helicopters, trains and heavy production machinery (such as power plant equipment). In fact, some equipment has a lifespan of 20 to 25 years, and over the course of its usage period, for every euro spent to purchase the equipment, MRO costs will be 3 to 3.5 euros.

 

In this market, the distribution of MRO activities varies widely between…

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Added by Michel Bruley on March 10, 2014 at 2:35am — No Comments

Social Media: how to measure their impact?

 

For a company, having "a presence" in social media is worthless unless it allows it to achieve some objectives. However, beyond the control of the company, social media talk about the company, under these conditions is it reasonable to ignore this space frequented by customers, prospects, partners and competitors?



Social media influences reputation, image, and…

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Added by Michel Bruley on January 7, 2014 at 2:07am — No 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

The New Predictive Profession – Odd Yet Newly Legitimate

Here's a review of my book Predictive Analytics from Robert Nisbet, Ph.D., a leading consultant, author, and predictive analytics instructor at University of California – Irvine (posted here with his permissoin).

 

Review of Predictive Analytics – The Power to Predict Who Will Click, Buy, Lie, or Die  By Eric Siegel.

Robert Nisbet, Ph.D.

March 21, 2013

 

Predictions have a problem.  They are viewed…

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Added by Eric Siegel on August 12, 2013 at 12:16pm — 1 Comment

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

Predictive Analytics in Campaign Management

One of the most popular application of predictive analytics is optimization of marketing campaign management. I've implemented it several times for clients in four different industries and here is my solution.

Introduction to campaign management

Marketing departments are usually responsible for management the marketing campaigns. Campaigns always have some triggers - may be planned, triggered by customer events and various alerts. Campaigns are run for a…

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Added by Jozo Kovac on May 7, 2013 at 7:00pm — No Comments

Read the Preface for Siegel’s Book – Predictive Analytics

Read the Preface for Siegel’s Book – Predictive Analytics



Here is the preface for Predictive Analytics: The Power to Predict Who Will Click, Buy, Lie, or Die



By Eric Siegel, with a foreword from Tom Davenport

(Wiley, February 2013)

 

To order the book:…

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Added by Eric Siegel on February 8, 2013 at 6:30am — No Comments

Taming the analytics hydra with an Analytics Center of Excellence (ACE)

SCTR7 BLOG:  http://sctr7.com/2013/01/04/taming-the-analytics-hydra-with-an-analytics-center-of-excellence-ace/

Taming the analytics hydra with an Analytics Center of Excellence (ACE)

by Scott Mongeau

Managing analytics, organizationally, has the aspect of a hydra, the ancient Greek mythological dragon which Hercules slew.  For each head Hercules dispatched,…

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Added by Scott Mongeau on January 4, 2013 at 4:52am — 2 Comments

#26: Here's a thought...

An occasional series in which a review of recent posts on SmartData Collective reveals the following nuggets:



Say cheese

News reaches us from Italy that there is a solution to this problem. Rather than subjecting each and every customer to the risk rating process, Credito Emiliano, a regional bank in Northern Italy, simply accepts a fairly durable commodity as collateral: parmesan cheese. According to Bloomberg, Credito Emiliano keeps cheese worth about 132 million Euros… Continue

Added by Brian Roger on November 27, 2009 at 11:28am — No Comments

A Better Way to Mine Data

The good news, for marketers, is that data mining really can make a difference to most bottom lines. The bad news is that, despite what data mining can do, it is so often used so poorly that it is virtually useless.



In many cases, the data is a big part of the problem. Even in the most reputable companies, data is often “dirty,”—out of date or otherwise irrelevant. Most commercially available data mining packages lack the flexibility and functionality that real world marketers need.… Continue

Added by Chandan Pathak on October 16, 2009 at 5:34am — No Comments

The Politics of Data!

Companies collect so much data today and yet when you go looking for it you will often find barriers! So what’s wrong…If we were honest with ourselves, as professionals, we would admit what Rosabeth Moss Kanter suggested in 1979 in a famous Harvard Business Review article: that “Power is Americas last dirty word. It is easier to talk about money -- and much easier to talk about sex -- than it is to talk about power. People who have it deny it; people who want to it do not want to appear to… Continue

Added by Chandan Pathak on September 22, 2009 at 2:01pm — No Comments

The Wisdom of Crowds

Netflix has a computerized recommendation system which seeks to find the common threads in millions of people’s recommendations and throw up “what’s best for you”? A lot of Online commerce sites have this kind of recommendation engine at work and Amazon is another well known example.



Netflix had a unique challenge: they wanted to improve Cinematic, their “recommendation engine.” Cinematic is the bit of software embedded in the Netflix Web site that analyzes each customer’s… Continue

Added by Chandan Pathak on September 22, 2009 at 1:51pm — 1 Comment

Who controls Personalized Customer Communication?

Marketers believe that creating “personalized communication” is important to drive a relevant communication strategy. But often they do not have control over the personalization process. Often very shoddy and “very personal” communication gets sent out by local sales folk which does nothing to enhance the brand perception and even less to the effectiveness of the communication. In a bank, the billing process is possibly as “personal as it can get” but rarely would you find anything but mass… Continue

Added by Chandan Pathak on September 22, 2009 at 1:49pm — No Comments

Drowning in Data!

Companies around the world are literally drowning in data. A typical airline or retailer, for example, is collecting data from many operational systems and storing terabytes, if not petabytes, of data. But how closely do CMO’s and CIO’s actually work or are they often at cross purposes! In India and I am sure in other furiously growing markets as well, IT is so busy building the basic infrastructure to manage the business that they often ignore the strategic priorities that Marketing is trying… Continue

Added by Chandan Pathak on September 22, 2009 at 1:46pm — 2 Comments

Clouds for education in Ethiopia

http://seattletimes.nwsource.com/html/microsoft/2009458942_microsoftazure13.html



Clouds mean better education in Ethiopia. 250,000 teachers nationwide can download curriculum, keep track of academic records and securely transfer student data throughout the education system. Now need to track performance and apply learning analytics.



• “As U.S. companies start… Continue

Added by Joey Fitts on July 21, 2009 at 2:28pm — 1 Comment

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