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…
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…
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…
As of Monday, November 21st, 2022, the prospects of averting a nationwide rail strike appear to be grim. The Federal government intervened in September, avoiding a strike at that time. But there was a sense that this was just "kicking…
You won't want to miss a compelling demonstration of a predictive safety application, to be presented at the upcoming Utility Analytics Week in San Diego on October 19th. SoCalGas will present a coaching tool, based on machine learning, to support…
Tom Davenport, First Analytics chairman and noted author and expert on analytics is releasing two books this month, September, 2022. Working with AI: Real Stories of Human-Machine Collaboration explores worker-AI collaboration in real world settings. By offering detailed, real-world case…
The opioid epidemic has taken a toll, as shown by this infographic produced by the U.S. Department of Health and Human Services. The misuse of opioids was declared a public health emergency in 2017. In 2020 a research team studying…
First Analytics was among the first to realize the potential value of IoT data. In fact, we coined the phrase "The Analytics of Things". Around that time we registered the domain www.analyticsofthings.com. First Analytics chairman, Tom Davenport, followed up with…
First Analytics recently joined the Global Burden of Animal Diseases Program as a collaborator. Also known as GBADs, the program was launched in 2018, sponsored by the University of Liverpool. Supporting organizations include the Bill & Melinda Gates foundation, other…
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…