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What Are Data Analytics to Do About Getting It Wrong?

Terry Simmonds
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AlphaEdge
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AlphaEdge, User Rank: Exabyte Executive
2/25/2013 | 11:23:48 AM


Re: What are data analytics to do about getting it wrong?
It is a good article. Validation of the analytics methodology indeed is very important. It is important to make sure the input of the model is correct,and the output of the model is making sense.

 

Saul Sherry
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Saul Sherry, User Rank: Blogger
12/13/2012 | 5:50:00 PM


Re: How am I doin'?
That's a whole other ball game @legalcio, and I think a whole other article...

legalcio
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legalcio, User Rank: Exabyte Executive
12/13/2012 | 5:21:24 PM


Re: How am I doin'?
Ah, and there lies the conundrum. Are frontline staff collecting data or anecdotes? How can they translate what they hear on the floor every day to usable data?

Saul Sherry
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Saul Sherry, User Rank: Blogger
12/13/2012 | 2:54:41 AM


Re: How am I doin'?
But how much connection is set up there @legalcio? There needs to be a way to capture that information digitally to analyze in full effect. Terry's example in this instance is very binary, are you in the right place or are you not. Other samples will be more based on perception... is the missing peice here an easy way for frontline staff to report in, and then sentiment analyze the language used to homogenize results, making an entire, constantly updated loop.

SharCo
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SharCo, User Rank: Bit Player
12/13/2012 | 12:59:11 AM


Re: How am I doin'?
I like where you're getting at. A collaboration of sorts when it comes to these fronts is ideal. Going with just one, ie. just big data, might result in one-sided conclusions. I do not see why both cannot be used together.

Ariella
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Ariella, User Rank: Blogger
12/12/2012 | 8:54:33 AM


Re: How am I doin'?
@Saul Well he was mayor for 3 terms and quite popular, despite the fact that the city was not doing very well then. I was still too young to vote then, but as I recall Koch was known to be blunt, so people would not feel the need to be overly polite to spare his feelings. 

Saul Sherry
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Saul Sherry, User Rank: Blogger
12/12/2012 | 5:08:28 AM


Re: How am I doin'?
@Ariella, who do you think gets a more honest opinion? Would that mayor have people give their frank opinions, or be polite to his face and keep true sentiment tucked away, ready to be unveiled on polling day?

That's what the anonymity of online buys you, the chance to be honest without recriminations... for better or worse.

But a lot of that might depend on where he is based, and how shy/unconfrontational most people are there.

Ariella
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Ariella, User Rank: Blogger
12/11/2012 | 12:24:10 PM


Re: How am I doin'?
@legalcio I remember that. He was mayor before the days of social media, so he would ask people directly rather than apply sentiment analytics like politicians do today.

legalcio
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legalcio, User Rank: Exabyte Executive
12/10/2012 | 3:17:41 PM


Re: How am I doin'?
The numbers can't be discounted @Saul, but it depends on the product. Utilizing big data to analyze investment trends might be enough for a marketing campaign to investors of a certain wealth range. If big data is used to increase retail sales at the branch level then you've got branch personnel who can check the customer's pulse on the ground.

Saul Sherry
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Saul Sherry, User Rank: Blogger
12/10/2012 | 3:13:39 PM


Re: How am I doin'?
That might make sense for a mayor, @legalcio - but will it always apply? A mayor needs to know how people feel about them, what is being thought etc. And there is a vested interest for that mayor to know this 'on the ground' opinion.

When it comes to financial systems, might it just be the case that the numbers coming in are as close to 'on the ground' as you'll need to get?

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