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Business Analytics: Simple is Better. Always.

Posted by Ben Israelite

1/31/17 10:35 AM

Occam’s Razor, a well-known principle stating the simplest solution for a problem is often the best, has been utilized by businesses for decades to solve their most significant and complicated problems. The integration of data analytics – the pursuit of extracting meaning from raw data – into an enterprise’s decision-making process should aid in this effort. Yet, as organizations ramp up their data analytics capabilities, black box algorithms and highly convoluted predictions have been favored over concise and actionable insights.

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Topics: Machine Intelligence, Occam's Razor, Parsimonious models

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