"Predictive Analytics" is the "next generation of data-mining" according to Forrester Research. The promise of significant bottomline benefits is making it big business with most enterprise software vendors participating. I believe that complexity sciences modeling has a generally unrecognized potential to play an important role in the development of this capability.
Continue reading "Extending "Predictive Analytics" Using Complexity Science Models -- Part 1" »
What's about time? Readers of this occasional blog are thinking
"Yeah, its about time he posted something!" True, but not the
answer I'm thinking of:)
The practice of management is about
time. It is about making a decision in the present that will affect
results at some time in the future. Peter Drucker used a somewhat unusual
word for this in his famous tome "Management: Tasks, Responsibilities, Practices." He wrote about the "futurity" of decisions. If you look up
futurity you will mostly read about horse racing. However, the definition that I
think Drucker meant is "state of the future." According to Drucker, to manage well
is, in part at least, to have a good grasp of what the future state of
the business system will be as a result of a decision taken today.
Continue reading "It's About Time" »