data analytics

Excerpt – Data Analytics: Begin with the ‘Known Knowns’ from Incident Databases and Historical Data

Excerpt – Data Analytics: Begin with the ‘Known Knowns’ from Incident Databases and Historical DataBy •

A big question for data analytics is where and how to begin the process. It is most logical to start with a database of incidents that have occurred that are ‘known knowns’ (you know what they are and that they are in your supply chain now). This provides […]

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Excerpt – Data Analytics: The Value of Predictive Models and Enhanced Traceability

Excerpt – Data Analytics: The Value of Predictive Models and Enhanced TraceabilityBy •

Artificial intelligence and machine learning seem to be the new data analytics or big data hype. There’s an assumption that there is ‘enough’ of the ‘right’ data available to make decisions. There is a difference between a ‘model for insight’ and a ‘model for prediction.’ Food fraud is

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