When a new technology arrives, consulting companies can quickly add staff and expertise to build institutional capacity centered around the technology in ways companies focused on delivering their own products and services cannot. Large consulting companies like Booz Allen and McKinsey, as well as smaller analytics-centric firms like Elder Research, thus constitute a significant jobContinue reading “Industry Spotlight: Consulting”
Category Archives: Organizations Page
Industry Spotlight: Credit Scoring
In the U.S., credit scoring is dominated by three companies – Experian, TransUnion and Equifax, employing roughly 30,000 people. An important player in the scoring methodology is FICO, previously Fair Isaac Corporation, and the scores are typically called “FICO scores.” Credit scoring is the oldest application of predictive modeling, fulfilling a need that has beenContinue reading “Industry Spotlight: Credit Scoring”
Industry Spotlight: Precision Agriculture
The application of analytics to agriculture has given rise to what is called “precision agriculture,” a science that seeks to take advantage of and use detailed information that is local in time and place. Tractors and farm equipment are being equipped with sensors and software that allow them to respond automatically to external data, andContinue reading “Industry Spotlight: Precision Agriculture”