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Less than meets the ear

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Last week, SAS Institute did what few other rearrangers of jargon have done: They got attention — in the way fashion hounds do. They’d like to replace “business intelligence” with “business analytics.” Why? Because “business intelligence is not “where the future is.”

Last year’s styles are never next year’s. Sooner or later, all clothes, cars and business terms become unfashionable. It’s not because anything really changed.

Neil Raden calls SAS’s move “all fluff,” and it is. Others I’ve heard from think so too, such as the eminent industry analyst I talked to weeks ago about another attempt at jargon-making. “What a bunch of b—” he said.… Read the rest “Less than meets the ear”

SAS finance architect is out to overhaul credit-scoring metrics

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Some loan officers used to go by rules of thumb. There were “The Three B’s: never lend to beauticians, bartenders or barbers” and “The Three P’s: never lend to preachers, plumbers or prostitutes.” Now we have an automated system, but it can’t tell an upstanding banker from a down-on-his-luck bartender.

Imagine a high-level banker who leaves his job for a promotion in another state. He’s trusted and respected for the job he did as senior risk manager, reporting to the board of directors, at a 19-branch bank in Atlanta. But for moving and taking that new job, his credit score declines.… Read the rest “SAS finance architect is out to overhaul credit-scoring metrics”