A new blog series by DI’s George Dealy. In this blog series, which I’m calling Practical Analysis, I’ll explore the emerging role of the analyst in helping to answer some questions that I’ll discuss below and in building a body of knowledge to take advantage of the data deluge. Hopefully by the end, you’ll be completely jazzed about your future as an analyst!More
The Importance of being Accurate (according to the Duke of Wellington)
The need for accurate reporting of figures for those in strategic decision making roles is not a new phenomenon as evidenced by correspondence from the Duke of Wellington in 1812. His response to civil servants in the British Foreign Office in London on receipt of a request from them for a “stock take” in relation to goods supplied to the army is sarcastic and understandable in the circumstances.More
You Don’t Need Big Data to get Big Insights
Big data is the big focus of much of the current analytics press; huge volumes of unstructured or semi-structured data that can be mined to find those gems of information you didn’t know you had. Sentiment analysis and remarketing algorithms may be all well and good for Facebook and Amazon, but if you only have relatively small volumes of highly structured data, and already have reports coming out of your ERP or MRP system, what added value can you get from adding a BI layer? Like many organisations without a real analysis tool, are you currently just seeing your information without getting insights from it?More
