Nextphase

WHY DECISION SCIENCE MATTERS

Nearly everyone is familiar with the DirecTV commercials in which actor Rob Lowe and NFL quarterbacks Eli Manning and Tony Romo appear as unflattering alter-egos of themselves: “peaked in high school” Rob Lowe, “bad comedian” Eli Manning, “artsy craftsy” Tony Romo, etc. The adoption of data science in companies like Uber, Netflix and Amazon evokes …

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GARTNER SAYS WORLDWIDE BUSINESS INTELLIGENCE AND ANALYTICS MARKET TO REACH $18.3 BILLION IN 2017

Global revenue in the business intelligence (BI) and analytics software market is forecast to reach $18.3 billion in 2017, an increase of 7.3 percent from 2016, according to the latest forecast from Gartner, Inc. By the end of 2020, the market is forecast to grow to $22.8 billion. According to Gartner, modern BI and analytics continues to expand more rapidly than …

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INTERVIEW SERIES ON PREDICTIVE ANALYSIS – PART 5

Q: What are the challenges in translating the lessons of predictive analytics from other verticals into manufacturing? A: The objective for predictive analytics in manufacturing is really to enable actionable business decisions that impact the way you design, build or service your products.  The most successful practitioners of predictive analytics in manufacturing use continuously updated data …

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INTERVIEW SERIES ON PREDICTIVE ANALYSIS – PART 6

Q: In your work with predictive analytics, what behavior or outcome do your models predict? A: Although we predict a variety of different outcomes, we specialize in predicting retention, calculating the probability that individuals in a university, business, or program will stay or leave. Because the costs of acquiring a customer far exceed the costs of retaining one, …

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