No matter how well you understand the subject and all the formulas, equations and algorithms that go with it, having the ability to predict something that is going to happen in the future is cool! If I had to make a pop culture reference to how someone can control outcomes by making changes based on data, I would quote Moneyball. The movie that made sabermetrics a household … [Read more...] about ‘Moneyball’ing data A closer look at how churn and propensity models work
moneyball
The Power of Predictive Analytics in Hiring
In an ever-increasing corporate landscape, making quality hires is critically important for organizations looking to improve their bottom line. The U.S. Department of Labor estimates that the cost of a bad hire is in excess of 30% of that employee's first-year earnings. To reduce the occurrence of bad hires, a growing number of businesses are turning to predictive analytics and … [Read more...] about The Power of Predictive Analytics in Hiring
Analytics Will Tell You How High To Throw The Ball For That Winning Shot
It has been four years since Moneyball first made us think about the role of analytics in transforming sports. But the use of big data analytics in sports has got much more advanced since then. Big data analytics has started to transform sports significantly, like we wrote in this blog last year. Today, there are highly sophisticated ways to monitor and capture ever-increasing … [Read more...] about Analytics Will Tell You How High To Throw The Ball For That Winning Shot
How Predictive Analytics Reinvents These Six Industries
Predictive analytics is a game-changer it's like "Moneyball" for money. This article summarizes and links resources with late-breaking coverage of how predictive analytics reinvents six industries. I'm going to break it to you gently. Despite all the advanced technology lining your pocket, car, home, workplaceand even the proverbial cloud floating virtually above your headthe … [Read more...] about How Predictive Analytics Reinvents These Six Industries
