Analytics, Economics, Science

There’s No Such Thing As A “Data Scientist”

I recently came across an interesting thread on Quora entitled “What is a data scientist?” The thread had 85 responses, and while no consistent definition emerged, perhaps the most popular was a variation on this this tweet by Josh Wills: After reading all the replies, as well as some of the linked articles and blog posts on […]

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Analytics

The CIA Analytics Model: A New Take on How Analytics Creates Value

Anyone looking for things to read on analytics these days certainly has a lot to chose from. There seems to be no end to books and articles that explain or explore this topic. I am going to wade into this crowded space with my own view on a particular aspect of this issue, namely, how analytics-bases companies actually work, and, more importantly, create value in […]

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Analytics, Economics

What’s Your Data Value?

FT.com has an interesting interactive page where you can estimate the value of your personal data, based on several demographic characteristics. The calculator accompanies a short piece that analyzes just how little individual data is worth in the open market. As the piece notes: The sheer ubiquity of details about hundreds of millions of consumers […]

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Analytics

Forecasting Weather Risk: The State of the Art Moves Forward

There may be no more common external risk facing SC managers today than weather risk. Up and down the value chain, producers, processers and retailers are all impacted in one way or another by climate and climate volatility. Yet only a small number of firms make a serious and consistent effort to model weather risk […]

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