Tag Archives: decision making
Us and Them
Before you start reading, let me clarify. This is not about the song ‘Us and Them’ by Pink Floyd. How much ever I love Pink Floyd, this is about what I love even more, Analytics. I never guess. It is a capital mistake to theorize before one has data – Sir Arthur Conan Doyle As a start-up you want to do something fundamentally different. So, when we at DataQuarks started looking at how can analytics be offered differently, I realised we are going against what
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Use cases for What-If scenario modelling
What-If scenario analysis is a very powerful framework for taking decisions. It is a general misconception that it mainly caters to macro-economic scenario modelling. While that is certainly one of the use cases, there are some interesting examples from a micro economic perspective too. In this 5-part series, we plan to cover some of the most common use cases of the same. Financial analysis Pricing Logistics planning Evidence for business proposals Customer modelling Applications in the Blockchain and Smart Contracts space We would like to start
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Embrace the dark data matter
Companies, big and small, all have the same problem when it comes to data analytics. Despite the best efforts of IT and senior management, business users end up building shadow BI/data systems of their own. Talk to anyone who has been part of a large scale BI implementation, they would readily accept that the end result turns out to be to just take data from the right sources, clean it and provide in an Excel format. So much so that, in many a places, the busiest time for
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Data Utopia – steps to reality
What is a data driven organisation? Getting a bunch of reports delivered to business users in the organisation or building some beautiful looking dashboards that executives have access to is just a start. The next step of using the data and insights to support any decision taken within the organisation seems to be a step too far for most companies. So how do you go from let’s create reports of what happened in the past to let’s take decisions only when we have modelled them
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