smart analytics

2812/2016

The Missing Link in Why You’re Not Getting Value From Your Data Science

By |December 28th, 2016|Categories: Internet Of Things (IoT), Predictive Analytics, Predictive Maintenance, Technology & Engineering|Tags: , , , , , , |

The Missing Link in Why You’re Not Getting Value From Your Data Science

by Robert Morris, Ph.D.

DECEMBER 28, 2016

Recently, Kalyan Veeramachaneni of MIT published an insightful monologue in the Harvard Business Review entitled “Why You’re Not Getting Value from Your Data Science.” The author argued that businesses struggle to see value from machine learning/data science solutions because most machine learning experts tend not to build and design models around business value. Rather, machine learning models are built […]

2406/2015

Deploying Predictive Analytics (PdA) as an Operational Improvement Solution: A few things to consider

By |June 24th, 2015|Categories: Industries, Internet Of Things (IoT), Predictive Analytics, Predictive Maintenance, Uncategorized|Tags: , , , , |

“…in data science…many decisions must be made and there’s a lot of room to be wrong…”

There are a good number of software companies out there who claim to have developed tools that can potentially deploy a PdA solution to enhance operational performance. Some of these packages appear to be okay, some claim that they are really good, and others seem really ambiguous other than being a tool that a data scientist might use to slice and dice data. What’s missing from […]

2904/2014

How to increase the profitability of your organization by 20%

By |April 29th, 2014|Categories: Predictive Analytics|Tags: , |

A recent report published by Gartner state that organizations that use predictive business performance metrics will increase their profitability by 20% by 2017. The report also shows that organizations should alert workers that a business moment is about to occur, and guide them on the next action to take in the context of a particular customer’s expectation.

“Using historical measures to gauge business and process performance is a thing of the past”, says Samantha Searle, analyst […]

601/2013

Bye ‘Big Data’. Hello ‘Smart Analytics’

By |January 6th, 2013|Categories: Predictive Analytics|Tags: , , , |

John De Goes wrote an interesting blog posting on Venture Beat where he describes that the term “Big Data” is dead.  His arguments are strong and Predikto agrees with his statements.  We run into the term Big Data and Predictive Analytics a lot.  In many cases it does not apply and people have not agreed on a definition for Big Data.  Sometimes we see vendors using Predictive Analytics when their software or technology solution does […]