Peter Bell
Analytics is to management as a light bulb is to darkness: it is illuminating and helpful in revealing both future opportunities and pitfalls. Descriptive analytics seeks to understand past data and is widely used. Predictive analytics seeks to understand the future. This is a challenge for many firms, since it brings in risk (the future is uncertain) and the need to manage risk. Prescriptive … [ Read more ]
Content: Quotation | Author: Peter Bell | Source: “Ivey Business Journal” | Subjects: Information, IT / Technology / E-Business, Trends / Analysis
Creating Competitive Advantage Using Big Data
It seems that almost every organization is on the “big data” bandwagon. But, as this author writes, rallying around the newest, new thing is one thing. Understanding what big data is and how it can move your organization forward to lead the pack is quite another.
Content: Article | Author: Peter Bell | Source: “Ivey Business Journal” | Subject: IT / Technology / E-Business