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Introduction to Bass diffusion model

The Bass diffusion model is a well-established model of innovation and technology adoption in the market. It can be described by the following formulation: The solution of Equation (1) is as follows:

2 min read

Introduction to Bass diffusion model

The Bass diffusion model is a well-established model of innovation and technology adoption in the market. It can be described by the following formulation:

The solution of Equation (1) is as follows:

Aug 19

Is your organization ready for a DATA WAREHOUSE?

Although there are no hard-and-fast rules for determining when your organization is ready to launch a data warehouse initiative, the following positive signs are good clues: Decision-Makers Feel the Need for Change A successful data warehouse implementation will have a significant impact on the enterprise’s decision-making processes, which in turn…

Database

2 min read

May 24

Data Monetization Glossary

Data Monetization A cross-functional discipline that draws from best practices in enterprise data management, technology, legal engineering, and finance to leverage data to increase revenues, reduce costs, manage risk, and improve cash flows. Data Governance The formulation of policy to optimize, secure, and leverage information as an enterprise asset by aligning…

Data Science

2 min read

May 16

On Defining and Scoping a Data Science Strategy and Transformation

What is a Data Science Strategy Data science is a new field that holds amazing opportunities for companies to drive a fundamental transformation, but it is complex and often not fully understood by top management. Data science is creating a cultural shift — one that is most evident when it comes to how decisions are made. …

Data Science

5 min read

May 16

Inside a Hotel Price Optimization problem

In price optimization, the goal is to maximize revenue over the booking horizon by setting optimal prices for each product available for sale; in other words, a price for each combination of room type, arrival date, and length of stay. There are several specific nuances to this problem that make…

Hotel Management

3 min read

Inside a Hotel Price Optimization problem

Mar 14

Can we design better customer programs with Propensity Score Estimation? (part-1)

Problem Statement Evaluation of energy efficiency programs usually involves a control group of households that do not receive treatment. Such a control group needs to be as similar to the treatment group as possible. …

Data Science

2 min read

Can we design better customer programs with Propensity Score Estimation? (part-1)

Jan 24

A Framework of Enterprise Analytics Maturity Assessment

The DELTA Plus Model Framework encompasses the five foundational elements of a successful analytics program (Data, Enterprise, Leadership, Targets, and Analysts) and introduces two new elements (Technology and Analytical Techniques) required for high performance. In the DELTA Plus model, an organization is placed in one of the analytics continuum stages…

Analytics

2 min read

Jan 22

How to design Profit-Maximizing Price?

Pricing involves a delicate balancing act. Higher prices result in more revenue per unit but drive down unit sales. Exactly where to set prices to maximize profit is a difficult problem, but, in general, the markup over cost should be highest for those products where customers are least sensitive to…

Product Management

3 min read

Jan 21

10 SaaS Metrics to Monitor

Metrics you should track for a SaaS business Cost per customer — For SaaS companies, this cost is often defined by how customers use specific features within the software and the cloud cost that drives those features. Cost per feature — Understanding cost per feature is also important as it…

Startup

2 min read

Nov 24, 2021

Anomaly Detection Methods for Networks

What is an Anomaly Score? A score specifies the degree to which an instance is considered anomalous. An analyst may choose to either analyze the top few anomalies or use a cut-off threshold to select anomalies from the list. …

Data Science

2 min read