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What is an Acceptable Analytic Failure?

What is an Acceptable Analytic Failure?

by James Taylor | Apr 2, 2019 | AI, Business Intelligence, Decision Management, Machine Learning, Predictive Analytics, Strategy

Many speakers on predictive analytics, machine learning (ML) and AI talk about the need to allow data science teams to fail. Without failure, without a willingness to fail sometimes, it’s very hard to build a successful data science program. This is true and often a...
Tips for Successful Data Science Implementation in Insurance

Tips for Successful Data Science Implementation in Insurance

by James Taylor | Mar 25, 2019 | AI, Business Intelligence, Business Re-Design, Business Rules, Decision Management, Insurance, Predictive Analytics

Nancy Casbarro and Deb Zawisa of Novarico recently published a new paper on Data Science in Insurance: Expansion and Key Issues subscription required) that was summarized in this nice little article on Dig-in  3 challenges facing insurers in data science...
International Institute for Analytics 2019 Predictions – Some Thoughts

International Institute for Analytics 2019 Predictions – Some Thoughts

by James Taylor | Dec 12, 2018 | AI, Decision Management, Decision Modeling, Predictive Analytics, Strategy

Bill Franks, Tom Davenport and Bob Morison of the International Institute for Analytics recently published their 2019 Analytics Predictions & Priorities. They had some great predictions and suggested priorities around the ethics of analytics, the value of data and...
DecisionsFirst Analytics in Forbes

DecisionsFirst Analytics in Forbes

by James Taylor | Oct 18, 2018 | AI, Decision Management, Decision Modeling, Predictive Analytics

Joe Decosmo, CAO of Enova Decisions and someone we know from our work at the International Institute for Analytics wrote a nice piece in Forbes today – Why You Should Take A Decision-First Approach To Analytics. Joe makes some great points in his post and leads...
Don’t bite off more AI than you can trust

Don’t bite off more AI than you can trust

by James Taylor | Sep 18, 2018 | AI, Decision Management, Decision Modeling

Many, most, companies are actively considering using AI in their business, but few are making much progress. Some of this is due to a poorly defined approach. Some is due to confusion as to what AI means – mixing conversational AI (a user experience technology) with...
Adopt Decision Modeling for DecisionsFirst Analytic Success

Adopt Decision Modeling for DecisionsFirst Analytic Success

by James Taylor | Jul 10, 2018 | AI, Decision Management, Decision Modeling, Predictive Analytics

Bill Schmarzo wrote a great post on 6 steps to AI Success recently. He identified 6 steps in what he called the AI Solution Decomposition process that work for analytic and AI projects. This is almost exactly the same process we use on projects and you should read the...
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