with Tags:
prescriptive
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## Analysts Views On Optimization
According to leading analyst firms, the corporate world should invest more in advanced analytics in general, and optimization in particular. Here are few examples. Last week at IBM Insight conference, Forrester's Mike Gualtieri presented with my colleague Eric Mazeran an interesting view on prescriptive analytics. Here is one of their slides. I like it because it propose a comprehensive view of where optimization lies within an end to end flow from data to actions. For those who never read my blog before, mathematical... [More]
Tags: prescriptive analytics optimization |

## Prescriptive Analytics Is Easier And More Profitable Than Predictive Analytics
When you hear about algorithms these days, chances are that you hear about machine learning or predictive analytics. (Some make a distinction between machine learning and predictive analytics, but the distinction is not material for this post. I'll use both interchangeably here). A quick search returns recent discussion in the news of machine learning algorithms: Using Algorithms to Determine Character , When Algorithms Discriminate ,... [More]
Tags: optimization predictive prescriptive analytics |

## Optimization Is Ready For Big Data: Part 2, Velocity
Proponents of Big Data boast about how it might help get personalized behavior from all the things and systems people interact with (web sites, mobile apps, customer support services, internet of things, etc) . These systems have to deal with data in motion such as web interaction, sensor feeds (eg body temperature), video, social media feeds, etc. Dealing with such data is the velocity dimension of Big Data . I have discussed how optimization could be applied to another big data dimension, namely large volume of data, in my... [More]
Tags: big_data prescriptive analytics optimization |

## Optimization Is Ready For Big Data: Part 1, Volume
I had the honor to give a tutorial at a Big Data and Optimization seminar, thanks to an invitation from John Poppelaars , One of the topics I discussed seemed to resonate well. Let me try to explain it here. The first thing people think of when they hear about Big Data is large data volume. There are other dimensions than volume in Big Data, see Big Data For Dummies for instance, but let's focus on large data sets. Is current optimization technology ready for the huge data sets available now... [More]
Tags: optimization predictive analytics prescriptive big_data |

## 2015 Prediction: Prescriptive Analytics Will Make It
This is prediction season. I never played that game so far, but felt compelled to do so after reading quite a few predictions about what will happen in 2015 around Analytics and Big Data. I won't repeat what seems to be a consensus, and will refer to two specific lists that I found more interesting than others. The first list is by Nathan Brixius, from Microsoft. Here are the top items, I'll let you read Nathan's blog to get the meat behind the titles. Adoption of higher productivity analytics programming... [More]
Tags: big_data analytics prescriptive optimization |

## Analytics For Vehicle Routing (and for Santa)
How could we have helped Santa deliver its gifts as fast as possible? An OR practitioner will probably model Santa's problem as a traveling salesman problem ( TSP ). Indeed Santa needs to compute the shortest route through all kids homes. The same OR practitioner may also want to model that deliveries must occur at night. Instead of a TSP, the problem becomes a vehicle routing with time windows (VRPTW) problem. Although common wisdom, these models may miss the point as we shall see below. Before discussing what might... [More]
Tags: analytic prescriptive predictive optimization |

## Prescriptive vs Predictive Analytics Explained
Imagine for one second that you are Loïc Peyron , the recent winner of the transatlantic yatch race La Route Du Rhum . What would you use to reach your destination as fast as possible? Of course, you would work on getting the fastest possible yacht. You would also train to maneuver your ship the best possible way. But once the race is on and you're on the sea, what tools would you use to decide in which direction you should steer the ship? Credit: Wikipedia For several thousand... [More]
Tags: analytic optimization predictive prescriptive |

## What Is The Difference Between SPSS And ILOG ?
Sure, I would have preferred a more generic title, such as What is the difference between predictive analytics and prescriptive analytics? What is the right decision management technology I need? instead of the IBM specific What is the difference between SPSS and ILOG? Truth is that this is the question people ask us when they understand that analytics may help them, The other questions above assume some knowledge of analytics and decision management, which isn't widely spread as of today. Let's look at the question... [More]
Tags: prescriptive spss optimization ilog predictive analytics |