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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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First Analytics Joins the Gurobi Alliance

First Analytics recently joined the Gurobi Alliance as a service partner.  Gurobi produces the world’s fastest and most powerful mathematical optimization solver – the  Gurobi Optimizer – which is used by leading global companies across more than 40 different industries…

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What’s Up With All These Derailments?

A friend of First Analytics, aware of our safety work in the railroad industry, asked, "so what do you think of all the train derailments?"  He had seen reports of three derailments just within the last few days.  With the…

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Don’t be a Texas Sharpshooter

We have previously discussed interesting phenomenon in analytics which, if not carefully considered or understood, can lead to unexpected or incorrect conclusions.  See, for example, Simpson's Paradox and Goodhart's law.  And then there is "data-dredging" of which so-called P-hacking is…

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All-in On AI: Tom Davenport’s New Book

Tom Davenport, First Analytics chairman and noted author and expert on analytics just released his latest book in late January, All-in On AI: How Smart Companies Win Big with Artificial Intelligence. Filled with insights, strategies, and best practices, All-In on…

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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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