Investigative Analytics Data science for everybody Curt A. Monash, Ph.D. President, Monash Research Editor, DBMS2

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Presentation transcript:

Investigative Analytics Data science for everybody Curt A. Monash, Ph.D. President, Monash Research Editor, DBMS2

Agenda Six aspects of analytic technology Investigative analytics  Uses  Tools  Pitfalls

Six things you can do with analytic technology Make an immediate decision. Plan in support of future decisions. Research, investigate, and analyze in support of future decisions. Monitor what’s going on, to see when it necessary to decide, plan, or investigate. Communicate, to help other people and organizations do these same things. Provide support, in technology or data gathering, for one of the other functions.

Investigative analytics

Investigative analytics defined Seeking patterns in data via techniques such as Statistics, data mining, machine learning, and/or predictive analytics. The more research-oriented aspects of business intelligence tools. Analogous technologies as applied to non-tabular data types such as text or graph. where the patterns are previously unknown. Source:

Analytic progression Trends  Correlations  Decisions Source:

Core drivers for investigative analytics The big three  Make a better offer  Make a better product  Diagnose a problem And more  Trading, inventory, logistics, science …

Make a better product (or service) Discover what people care (or don’t care) about Uncover flaws (and their root causes) Test, test, test

Detect and diagnose problems Manufacturing (classic) Manufacturing (modern) Customer satisfaction Network operation Bad actors  Terror  Fraud Risk

And more Inventory optimization Distribution planning Algorithmic trading The risk analysis revolution Science

The prerequisite -- capturing data Transactions  Loyalty cards  Credit cards Logs Sensors Communications metadata Communications content Data is the food for analytics

Two aspects of investigative analytics Monitoring and sifting data  Exciting because it’s Fast, Fast, Fast!!* …  … and has cool visuals Serious math  Geek supremacy *See also “Big, Big, Big!!!”

Monitoring and sifting data Cool dashboards Drilldown and query from those cool dashboards

Serious math Statistics, which overlaps with … … machine learning Graph theory Monte Carlo simulation Maybe more?

Investigative analytics concerns The future may not be like the past Don’t ignore what you can’t measure Privacy

Illumination? Or just support?