Goodhart's Law says that, "any observed statistical regularity will tend to collapse once pressure is placed upon it for control purposes." A generalized way of saying it is, "when a measure becomes a target, it ceases to be a good…
In early 2020 the Federal Railroad Administration issued a final rule - 49 CFR Part 271 - to help railroads establish a "Risk Reduction Program" to improve the safety of its operations. Part of the rule states, “RRP is a…
Tom Davenport, Chairman of First Analytics, elaborately writes how Jeff Moore and Rosemary Perez led their analytics-based organizational change at Southern California Edison (SCE). In this article, Jeff and Rosemary passionately focuses on predictive safety analytics, understanding the factors, predicting…
Alison Crawford, Senior Manager, Industry and Solutions Marketing at Kinaxis and Jenny Reese, Senior Manager, Solutions Marketing at Kinaxis sat down with Rob Stevens to discuss how Covid-19 has impacted supply chains and suggestions to make any supply chain disruption…
Let us not forget that the CPG industry was THE pioneer in using data and analytics to manage business, as far back as the 1930s. As companies in the coming months deal with reconfigured supply chains, re-imagined product offerings, and…
First Analytics and eMate Consulting announce an alliance focused on advanced analytics. The two firms have partnered to provide companies in all industries unique capabilities for innovative solutions proven and enhanced by advanced analytics. By combining and integrating these services,…
The railroads are a great indicator of the strength of the economy and nobody monitors rail traffic more than the American Association of Railroads (AAR). Their weekly rail traffic reports are watched closely, even when extreme stresses to the economy…
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. …
Do you have a research topic to explore or “skunkworks” project you want to start? Don’t have the time or resources? The First Analytics Summer Research and Development Program is your answer. HOW IT WORKS Bring your problem and your…
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…