In this third post on setting up a data science practice, I address some of the analytics processes that need to be in place to maximise value from analytics. After more than two decades of practice and development, there are now well- established data analytics frameworks like the Cross Industry Standard Process for Data Mining. … More Setting up a Data Science Practice: Analytics Processes
In the previous post, we discussed the key principles of setting up a data science practice. In this post, we’ll discuss the people dimension. One should read the below as suggestions, not prescriptions. There is more than one way to set up a data science practice. Critical to the success of a data science practice are … More Setting up a Data Science Practice: People Dimension
I have been involved in the setup of several data science practices in both industry and government. Here are a few key principles I use in establishing a data science practice. Principle 1: Building a predictive enterprise is, first and foremost, about building a human infrastructure. Many companies mistakenly believe that analytics is primarily about software … More Setting up a Data Science Practice: Fundamental Principles
I stayed at my sister’s new place in Pasir Ris in my latest trip to Singapore and were treated to a different side of the island nation. This is what I wake up to every morning. Changi Airport is just to the right of the photo and we can see planes coming up and down … More A Different Side of Singapore
I bought into an ETF replicating the MSCI Russia Capped Index back in April 2014 on the basis of the Russian market’s low Cyclically Adjusted Price Earnings ratio (CAPE), which was around 5 at the time and the lowest in the world. (For more on the rationale of CAPE investing, see this post.) After three frustrating … More My Russian Value Trap
I have paid more than my fair share of bank fees in doing international fund transfers over the years. The (transparent) transaction fees charged by banks have come down significantly in the last few years and are now usually a small component of the overall cost but the hidden fees, in the form of an … More Low-cost Hassle-free International Fund Transfer
With movies like Toy Story, Up, Finding Nemo, and Wall-E, Pixar has left an indelible mark on the world, enriching our personal lives with characters that speak to us at a deeply emotional level. With the publication of the book Creativity Inc by Ed Catmull, Pixar now stand a chance to change our professional lives for the better, … More Pixar on Management
Customer Lifetime Value (CLV) is a relatively new framework stemming from the idea of “treatment of customers as an asset”, in use at innovative companies like Harrah’s, IBM, and Capital One. The definition is a fairly natural one: CLV is the net present value of profit from all the future purchases a customer is going to … More Customer Lifetime Value and Its Application in Retail Analytics
Greyhounds are such wonderful pets it’s hard for owners to stop at one and so it is that we found ourselves adopting a second grey on 30 Dec 2016 after a 3-week trial period, our last act for the year. His name is Bailey — it was Buick — and he’s a 2 year-old from Queanbeyan. … More Bailey
Woolworths and Coles are the two largest grocery retailers in Australia. Between them, they command a large percentage of the market share, with the rest divided between Aldi, IGA, Costco, and smaller players. The recent competitive history between Woolies and Coles is quite an interesting one. Up until Coles was acquired by Wesfarmers in 2007 … More The Supermarket Trolley Index
Mental Models 4 Life 