Saturday, January 19, 2013

Analytics - the way ahead!



In the movie ‘Minority Report’ Steven Spielberg envisions a future where every crime in predicted before it happens and you have ‘precrime’ teams (read Tom Cruise) to take preventive measures. As part of the plot he relies on three psychics as the deus ex machine to resolve the problem of seeing the future.
Fast forward to 2011 and you will find that Predictive Analytics is being used by LAPD to locate crime hotspots in the city. LAPD doesn’t need any psychics to tell them the location of the crime. Letting analytics sift through the mountains of data helps them predict the location of crime and the beat officers are accordingly deployed at the hotspots. The new tool of analytics empowers the police to take preventive measures to deter such crimes.
It is not just criminology, but Analytics has pervaded into every aspect of our lives and is bringing about a transformation we couldn’t have imagined. When you purchase from a large retailer like Wal-Mart, based on your shopping behavior gauged through analytics, systems can accurately present you with the most cost-saving coupons that you would exercise. It can even suggest you items for purchase that you would have never thought of, but which go with your purchase. Telecom providers who are regularly calling their customers with the best call plans based on their current usage. However annoying the calls get, their recommendations bring tangible savings when implemented. Blame Analytics for their foresight.
With its capabilities, Analytics is not just benefiting the common man, but is helping global MNCs to finding better solutions for their customers.

http://www.computerworlduk.com/in-depth/applications/3318830/real-life-minority-report-analytics-assist-police-in-detecting-crime/

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