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predictive analytics

First sip of Context Relevant hints at a winner

August 12, 2014 by Ted Cuzzillo

Most product vendors can talk for half an hour without even one specific case. But Stephen Purpura, CEO of the predictive analytics startup Context Relevant, actually had a story about something useful — the time his system used scant data to correctly point to a barely known winemaker.

Spotting the wine started with a sip, of course. But as you might imagine, Purpura then fed it to his prediction machine.

Context Relevant’s critical edge is speed, he explained. That comes from good caching; the better you cache, the faster you retrieve, and the faster you can work through questions and arrive at answers you can act on.… Read the rest “First sip of Context Relevant hints at a winner”

Filed Under: Uncategorized Tagged With: big data, Context Relevant, predictive analytics, social data, Stephen Purpura, Tableau Leave a Comment

Two more execs on data analysts in the executive suite

June 18, 2013 by Ted Cuzzillo

An insurance executive I quoted a few weeks ago in this space spoke heresy: Not only do most data analysts he’s known lack the polish for presentations to execs, even worse was too narrow a point of view for leading an organization. It’s the Analytics Gap.

To that, the prolific tweeter and data scientist @data_nerd, Carla Gentry, reacted for many others in the decision support industry: “Huh?”

“I think a logical mind is perfect for business,” she tweeted to me when I inquired. “You must see the whole picture to run a successful business. Having an analytical mind helps.”

All true.… Read the rest “Two more execs on data analysts in the executive suite”

Filed Under: analysis & methods Tagged With: analysts, Analytics Gap, BI, data analyst, data analysts, decision support, decisions, predictive analytics, technology, Twitter 5 Comments

Off the charts: “black swan” ahead?

October 27, 2008 by Ted Cuzzillo

“Black swans” are the anti-gravity of predictive analytics. These events are so far off the charts that we dismiss the possibility out of hand. But when one occurs, it’s a doozy.

The Panic of ’08 may lead us straight into one of these, says Nassim Nicholas Taleb, author of The Black Swan and Fooled by Randomness among other works. He and his mentor, mathematician Benoit Mandelbrot, told NewsHour’s Paul Solman last week that what’s coming might make the Great Depression and the Long Depression of the 1870s seem small.

But before you lose sleep, mind this caveat: Taleb himself calls predictions “bullshit.”… Read the rest “Off the charts: “black swan” ahead?”

Filed Under: Uncategorized Tagged With: in media, Panic of '08, predictions, predictive analytics 2 Comments

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Two recent “storytelling” tools for public audiences Toucan spoonfeeds data’s insight while Juicebox cultivates data skills

The data-shy among us have two friends in the software business. One a few years old and one new this year. Nashville, Tennessee-based Juice Analytics … [Read More...] about Two recent “storytelling” tools for public audiences Toucan spoonfeeds data’s insight while Juicebox cultivates data skills

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