Advanata

2 minutes Digital transformation remains one of the most popular flagship initiatives. Digital technologies have existed for nearly a century, so why are these projects still so common, and how do we achieve true transformation? Taxicab Company Let’s start with a familiar legacy process that is fundamentally a quantification system for matching passengers with for-hire vehicles. The worst…

2 minutes Change management is often where projects break down. It is difficult, demanding, and frequently leads to failure, even for great ideas. Let’s take a closer look and see if we can find a conclusive solution. Change Management on Hard Mode For some organizations, change is nearly impossible because the culture rewards staying the course and avoiding disruption. Looking closer, the…

2 minutes A curious phenomenon on LinkedIn is the constant influx of unsolicited offers for analytics services. Most feel copy-paste with little differentiation or real experience. How did the analyst role reach this point, and can it be saved? IT Pecking Order It seems the de facto IT hierarchy puts analysts at the bottom. With outputs limited to reports and metrics, they are seen as optional…

2 minutes Analytics results can be easily undermined by logical fallacies. It is important to understand, avoid, and identify them when they occur. This discussion outlines key fallacies and shows how the inductive approach helps in preventing their occurrence. Type 1: Misplaced Intuition These fallacies typically come from non-quantitative perspectives, and one of the main goals of analytics…

2 minutes The future of content (attributes, data, and information), is a hotly contested topic among visionaries and futurists. Convincing arguments exist for both improvement and decline. Rather than focusing on that debate, this discussion will focus on what remains constant, which is how to maximize value from content regardless of its future state. Maximizing How We Benefit from…

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2 minutes There are many approaches to solving business problems. This discussion will highlight which approach delivers superior results and how Advanata makes applying it simple and practical. A Hypothesis is Essential A strong solution begins with a clear hypothesis. Without one, there is no real methodology, and the result becomes scattered observations loosely backed by…

2 minutes Anyone who has read a consulting report knows how long they can be. No one wants lengthy reports, yet they persist. Why does this happen, and is it accidental or inevitable? More importantly, how can we shorten them to benefit both customers and consultants? This article explores why consulting reports are so long and how Advanata can intelligently help to reduce their length. The…

2 minutes Solving business problems requires a solid team. Each participant brings strengths and limitations that together drive the solution. In this article, we show how Advanata can play a key role in guiding the team to a precise, optimal, and actionable solution for the customer’s business problem. Meet the Team The customer acts as team captain, supported by participants who help solve…

2 minutes Forecasting is often treated as an essential output. A common assumption is that more data leads to better forecasts, but this breaks down for phenomena driven by social behavior. Rather than forcing unreliable forecasts, we should shift our focus toward solving the underlying problem itself. Complicating factors make social behavior unstable and unreliable as a basis for…

2 minutes Pattern recognition is a powerful human capability, but it can be misleading. We routinely detect patterns that are not real, and when these are embedded in analytics, the consequences can be severe. Given enough data, patterns seem to appear everywhere, from sales projections to flu seasonality, but whether these patterns are real or illusory is often unclear. Pattern Validation A…

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1–2 minutes Inventory management is a well-studied application, but Advanata takes a uniquely customer-focused approach rather than a traditional operations-research one. This allows customers to easily configure and solve their inventory challenges in a way that aligns directly with how their business actually works. Inventory Management Problem A garage has to manage its parts inventory.…

1–2 minutes Let’s formalize our discussion of analytics, which depending on who you ask, can mean anything from simple data retrieval to advanced mathematical methods. It is deeply connected to content and makes it possible to convert between content types in a quantitative manner. Quantification and Utility We will use quantification as the general term for methods that can quantitatively…

2 minutes It’s often said that data-driven results are factual, accurate, and unbiased. But is that really true? Let’s explore whether data itself can ever be truly objective and, by extension, whether anything derived from it can be. Can Content Ever Be Objective? Defining content ultimately depends on the user’s perspective. Transforming content into alternative forms requires applying…

2 minutes This frequently requested example demonstrates how Advanata can be used to optimally adjust prices. The problem applies across many domains, with this case adding the twist of incorporating a highly subjective goal. Menu Pricing Problem A restaurant needs to raise prices to stay afloat while keeping their patrons loyal. They have ample sales data but aren’t sure where to begin. What…

2 minutes Analysts are often asked to solve problems they don’t fully understand. Data is collected, reports are produced, and everyone hopes for the best. The results are often disappointing, wasting a valuable opportunity to put analytics to good use. Good Results Can’t Come from Poor Questions A poorly framed question rarely leads to a useful answer. Analysts excel at analytics but not at…