Posts tagged prescriptive analytics
Why Predictions are Not Enough

In recent times, I have read a number of articles lamenting the frequent lack of value resulting from large scale analytics and data science initiatives. While I have seen substantial value driven from many efforts, I have also seen examples where the results were very poor. My belief is that oftentimes the problems can be boiled down to one basic mistake. Namely, thinking that generating predictions, forecasts, or simulations is enough. It is not.

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IT Organizations: The Shoemaker's Analytical Children

For the great majority of years in the past decade, Chief Information Officers named “business intelligence and analytics” as their top focus in Gartner Inc. annual surveys of technology priorities. That set of technologies moved to number one in the survey in 2006 and stayed there until 2009. It fell to fifth in 2010 and 2011, but was back on top in 2012 and has stayed there ever since.

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