The Blue Polaris Blog
Measurement, behavior, decisions and KPIs
One of the students on my UCI Class Business Goals for Predictive Analytics quoted his mentor in a discussion we were having about cross-referencing metrics or KPIs with the decisions that influence them. Only measure those things you are willing to change and be willing to change the things you measure. I really liked this […]
Live Event: Insurance Analytics Symposium 2014: Industrializing Analytics
I am speaking on Industrializing Analytics for Better Decisions Everywhere at the Insurance Analytics Symposium in New Orleans, October 17.
Insurers of all sizes know they must adopt analytics, especially predictive analytics, to maximize the value of their customers, manage risk and compete effectively. One-off, ad-hoc approaches to analytics can demonstrate the value of analytics but are no basis for ongoing success. To succeed, Insurers need to industrialize their approach to analytics, making it integral to day-to-day operations.
In this session leading expert James Taylor will share the three keys to success based on his experience of helping insurers industrialize their analytic efforts and so u
The Economist: Big Data, Little Decisions
There was a fascinating piece in the Economist last week – Little things that mean a lot. This piece really resonated with me – even the title sounds a lot like my mantra of “Big Data, Little Decisions” (you can see a selection of the articles and webinars I have given on this topic here). So what were the critical points Schumpeter made?
First the point that constant experimentation and rapid iteration is critical when trying to get value from all this data. Experimentation is often the skill we tell clients they most need to develop and we regularly stress the importance of putting in place the infrastructure and processes for ongoing decision results analysis. To maximize the value of big data and beco
Ugly Research: Data is easy, Deciding is hard
Tracy Allison Altman over at Ugly Research has a great new white paper – Data is easy: Deciding is hard – in which she quotes me (thanks Tracy). It’s a great paper and makes what I think is the critical point – that you don’t need a data culture but a decision culture. And I would add that you need this at every level – strategic, tactical and operational. The paper has some great advice and I would add a couple of additional thoughts:
For decisions you make often – some tactical and all operational decisions for instance – build a decision model so you know how you think you are going to/should make the decision moving forward. Here at Decision Management Solutions we use the new Decision Model and Notation (DMN) Standard and our modeling
Two live events in July on Predictively Enabling Your Organization
I am presenting at four evening events in July on Predictively Enabling your Organization. Sponsored by Predixion, these events will introduce you to predictive analytics and will share practical tips on how to leverage predictive analytics to improve results across your business. I’ll discuss the power of Predictive Analytics, how to get started and how to scale across your organization.
There are four events and you can request registration here for any of them.
Live Event: Predictively Enabling Your Organization (Chicago)
I am speaking at a Predixion hosted event on Predictively Enabling Your Organization, 4-7pm on July 30 in Chicago:
Predictive Analytics are something every organization wants – the potential pay-off is huge – but not every organization understands how to leverage them correctly. James Taylor, an analytics expert and author, will simplify it for you by sharing practical tips on how to leverage predictive analytics to improve results across your business.
This session will cover:
- The power of Predictive Analytics
- How to get started with Predictive Analytics
- How to scale Predictive Analytics across your organization
Plus there will be time to network over cocktails and appetizers.
Sign up here.
Cross-posted
New! Version 6 of The Decision Management Systems Platform Technologies Report
We’ve posted Version 6 of Decision Management Systems Platform Technologies Report with new content on decision modeling. We also welcome new vendor FlexRule and the report includes links to product updates on 11 Ants Analytics, Angoss, Alteryx, Experian, InRule, Pega, RapidMiner, SAS and Teradata. You can read the report online or download a pdf here: https://decisionmanagementsolutions.com/decision-management-technology
Webinar: How Global Leaders are Achieving Success with Predictive Analytics in the Cloud
I am giving a webinar with FICO on How Global Leaders are Achieving Success with Predictive Analytics in the Cloud, July 24th at 2pm Eastern. Analyst James Taylor answers the question: Are Companies Adopting Predictive Analytics in the Cloud? And, if so, how are they approaching it and overcoming obstacles to success? Mr. Taylor recently surveyed […]
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