Predictive analytics and big data have been used in sports for well over a decade. Using advanced statistical analysis allows professional sports franchises to better identify talent and predict future player performance. In 2002, the trend entered the mainstream when Billy Beane, the Oakland A's general manager, used it to create a cost-effective baseball roster. He used the … [Read more...] about The Impact of Predictive Analytics on Horse Racing
data mining
Blog 12: Statistics Denial Myth #12, Publications Straw Man
Von Moltke the Elder said, "No plan of battle survives the first contact with the enemy." Similarly, no plan of analysis survives the first contact with the data. Doug Samuelson In theory there is no difference between theory and practice. In practice there is. Yogi Berra Myth #12: Statistics is defined by the recent publishing activities of statistics … [Read more...] about Blog 12: Statistics Denial Myth #12, Publications Straw Man
What Is the Future of Data Warehousing?
There is no denying it we live in The Age of the Customer. Consumers all over the world are now digitally empowered, and they have the means to decide which businesses will succeed and grow, and which ones will fail. As a result, most savvy businesses now understand that they must be customer-obsessed to succeed. They must have up-to-the-second data and analytical information … [Read more...] about What Is the Future of Data Warehousing?
A Layman’s Guide to Understanding the World of Big Data
In God we trust; all others must bring data" - W. Edwards Deming Machine Learning an elixir for new world technology The world of analytics is now talking about Support Vector Machine (SVM), Nave bayes, expectation maximization using nave bayes, random forest, bagged regressions et al. everything is about adapting learning and self-evolving algorithms that augment the … [Read more...] about A Layman’s Guide to Understanding the World of Big Data
Data Quality, Analytics & Reporting for Financial Institutions
In a world where technology has ruled the data and information spaces, it has become extremely difficult for establish traditional companies, to stay truly innovative and competitive against the new non-traditional banks. All while trying to overcome challenges with meeting heightened regulatory requirements. Now more than ever, the industry must form a strong understanding … [Read more...] about Data Quality, Analytics & Reporting for Financial Institutions