Friday, October 21, 2011

Interesting quotes from Predictive Analytics World

The Predictive Analytics World conference is finishing up today in New York. Over the past few days the conference has had some of the leading analytic type people presenting at it.

Twitter, as usual, has been busy and there has been some very interesting and important quotes.

The list of tweets (#pawcon) below are the ones I found most interesting:

Manu Sharma from LinkedIn: "Guru" job title is down, "Ninja" is up.

Despite the "data science" buzz, the biggest skill among #pawcon attendees is " #DataMining

Andrea Medinaceli: Visualization is very powerful for making analytics results accessible to upper management (and for buy-in)

Social Network Analytics (SNA) with Zynga, 20M daily active users, 90M monthly active users; 10K nodes, 45K edges (big!)

Vertica: Zynga is an analytics company in the disguise of a gaming company; graph analytics find users/influencers

Colin Shearer: Find me something interesting in my data is a question from hell (analysis should be guided by business goals)

John Elder advocates ensemble methods - usually improve analytics results

Tom Davenport: to get real value, #analytics need to move from one-time craft to industrialized activity

10 years from now all Fortune 500 companies will have a Chief Analytics Officer at the level of COO or CFO

Must be a sign of the economy, so much of the focus on the value of predictive is on retaining customers. #PAWCON.

Tom Davenport: #Analytics is not about math, it is about relationships (with your business client) - says Intel Chief Mathematician

Karl Rexer: companies with higher analytic capabilities are doing better than their peers

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