Join Wayne Winston for an in-depth discussion in this video Examples of poor data organization, part of Wayne Winston on Analytics.
So an example for a poor data organization made analytics…difficult concerns a software company that I did some consulting for.…The software company, like any other…company, wanted to predict their future revenues.…So they had in one data source. Their revenues monthly.…And then they thought to themselves, what causes these revenues?…Well, the trial versions of the software product…out there could be used to predict future revenues.…The number of trade…shows they went to in the past few months, could be used to predict future revenues.…
And the number of meetings they had with…potential clients could be used to predict future revenues.…Unfortunately they could not put all these pieces of…data together in one place to do an analysis.…And they're working on this.…Another example would be a consulting company that I worked with.…Trying to reduce hospital readmissions.…Hospital readmissions are just good…for nobody, okay.…So, what do you need to look at to sort of analyse hospital readmissions?…Well, one thing is you've gotta look at every patient…
- What is analytics?
- Predictive vs. prescriptive analytics
- What do you need to know to become an analytic professional?
- Looking at examples of good and bad metrics
- How mobile devices will shape analytics