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The budget is not the only tool in the financial box
When it comes to financial management there is one tool, commonly called the budget, that generally gets misapplied to all problems involving dollar signs. The complete toolkit looks more like this...
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Beyond the art of analytics
“You can’t just have analytic people wandering around, building whatever models they feel like. You need to have a process in place that states what decisions matter to the business, what analytics are...
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Finders keepers: Finding – and keeping – the talent to foster an analytic...
When you compare two big box stores (or any two comparable organizations in the same industry, for that matter), what gives one the edge over the other? It’s not labor costs. Those are comparable. It...
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If you can predict it, you own it
Many people attend my training program before coming to the Predictive Analytics World conference. In this program, I show why it’s true that, if you can predict it, you can own it. Analytics provides...
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8 steps to serving up an analytics culture
The following blog post excerpt resulted from a SAS Power Series event in Chicago, where senior executives from different industries talked about analytics challenges and successes. There are scores of...
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Five tips for bridging the business-IT gap
Anne Robinson is the Director of Supply Chain Strategy and Analytics for Verizon Wireless and the President-Elect of INFORMS, the Institute for Operations Research and the Management Sciences. Before...
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The “data artist” must balance creativity and control for effective...
Senior Industry Consultant for Insurance, SASThere has been a lot of buzz over the past couple of years about the new role of the data scientist in organizations. A recent article in the Harvard...
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Failing for the wrong reasons
Evan Stubbs, SAS Pop quiz: when you’re trying to drive value from information, what do you need more than anything else? Take a minute, have a real think about it. Maybe grab your beverage of choice...
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10 questions to ask before building an analytical model
Building a great analytic model is like building a great house. You need to be mindful of its future inhabitants and create a flawless construction plan to ensure it can be used for generations to...
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The importance of processes and incentives according to “I Love Lucy”
Whenever I hear the term “incentives,” I instantly think of that iconic I Love Lucy chocolate factory scene. Lucy, a new factory employee, is responsible for wrapping chocolates as they come down a...
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