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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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What Analytics Taught Us about Public Relations

A quote attributed to Winston Churchill, perhaps incorrectly, "a lie gets halfway around the world before the truth has a chance to get its pants on."  In this day of social media and instant communications this is even more true. …

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No, Pricing Bots Won’t Collude Against Customers

An article in the Economist warns that, "a cabal of AI-enhanced price-bots might plausibly hatch a method of colluding that even their handlers could not understand, let alone be held responsible for." The article describes a situation in Martha's Vineyard…

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