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Never Let a Good Crisis Go To Waste

The title of this post is a quote credited to Winston Churchill, although the attribution is questionable.   It conveys the notion that dramatic events generate new insights and create opportunities for growth.  Put another way, "look for the silver lining."…

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Will There Be a Rise in Data Markets for Forecasting?

We have previously written about the perils of third-party data in forecasting.  The notion that more data helps improve forecasting is true in principle, albeit in practice it can make things worse. An article published in the fourth quarter 2022…

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The Perils of Third Party Data in Forecasting

Many have touted the inclusion of data from outside the firm as a way to improve forecast accuracy.  The idea is that, with the incorporation of more information to explain the demand signal, forecasts are bound to be better.  In…

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Now That Commodity Prices Are Coming Down…

After many months of angst about rapidly rising commodity prices, indications are that they are coming back down.  This presents an opportunity for a data-driven business that uses advanced analytics.  Though there is pain in operating a supply chain under…

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Beyond Data Science: Industrial Engineering

Much attention has been heaped upon the data science profession for about a decade now, including by our own chairman, Tom Davenport, who called it "the sexiest job of the 21st Century".   Well-known hierarchies of types of analytics generally show…

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