Competing on Decisions, by Neil Raden
Neil Raden is a consultant and analyst and a partner and co-founder of Smart (enough) Systems LLC, a research and advisory firm specializing in analytics, business Intelligence and decision management. He is also the co-author of the book "Smart (Enough) Systems." Write him at neil@smartenoughsystems.com. See More by Neil Raden People Matter in Advanced Analytics
Posted by Neil Raden I read with interest Tom Davenport's article, "Humans and Black Boxes" in the June, 2007 issue of BIReview. He raises the issue about whether humans are required in the analytics process anymore, given the offerings of vendors of unattended data mining tools. After all, with all of the hardware and bandwidth at our disposal, shouldn't systems be smart enough yet to swim around in the data and come up with predictive models that are more accurate than we mere humans can? Of course, Davenport doesn't believe that, and neither do I. Tom's earlier article in the Harvard Business Review, "Competing on Analytics" (and subsequent book of the same name), explored the necessity of using advanced analytics as a competitive weapon. He argued that traditional means of competition, such as price, customer loyalty or speed to market, among others, were still necessary but not sufficient. Having an analytical culture, straight up to the CEO's office was the ticket, supported by a cadre of PhD's who really knew how to grind the numbers. We disagreed a little on this point, but on the major point, that analytics are now on the critical path, there is no disagreement. James Taylor and I wrote about Enterprise Decision Management, which is designed to automate many kinds of decisions, but there are people in the process from top to bottom. Neil Raden is the founder of Hired Brains, providers of consulting, research and analysis in Business Intelligence, Performance Management, real-time analytics and information/semantic integration. Neil is co-author of the just-released book "Smart Enough Systems," with business rules expert James Taylor. E-MAIL | SLASHDOT | DIGG This is a public forum. CMP Technology and its affiliates are not responsible for and do not control what is posted herein. CMP Technology makes no warranties or guarantees concerning any advice dispensed by its staff members or readers. Community standards in this comment area do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this comment area becomes the property of CMP Media LLC and may be edited and republished in print or electronic format as outlined in CMP Technology's Terms of Service. Important Note: This comment area is NOT intended for commercial messages or solicitations of business.
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