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Predictive Analytics: The Power to Predict Who Will Click



Predictive Analytics: The Power to Predict Who Will Click

Author: Eric Siegel

Publisher: Wiley

Genres: , ,

Publish Date: February 19, 2013

ISBN-10: 1118356853

Pages: 320

File Type: Epub, Mobi, Pdf

Language: English

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Book Preface

People look at me funny when I tell them what I do. It’s an occupational hazard.

The Information Age suffers from a glaring omission. This claim may surprise many, considering we are actively recording Everything That Happens in the World. Moving beyond history books that document important events, we’ve progressed to systems that log every click, payment, call, crash, crime, and illness. With this in place, you would expect lovers of data to be satisfied, if not spoiled rotten.

But this apparent infinity of information excludes the very events that would be most valuable to know of: things that haven’t happened yet.

Everyone craves the power to see the future; we are collectively obsessed with prediction. We bow to prognostic deities. We empty our pockets for palm readers. We hearken to horoscopes, adore astrology, and feast upon fortune cookies.

But many people who salivate for psychics also spurn science. Their innate response says “yuck”—it’s either too hard to understand or too boring. Or perhaps many believe prediction by its nature is just impossible without supernatural support.

There’s a lighthearted TV show I like premised on this very theme, Psych, in which a sharp-eyed detective—a modern-day, data-driven Sherlock Holmesian hipster—has perfected the art of observation so masterfully, the cops believe his spot-on deductions must be an admission of guilt. The hero gets out of this pickle by conforming to the norm: he simply informs the police he is psychic, thereby managing to stay out of prison and continuing to fight crime. Comedy ensues.

I’ve experienced the same impulse, for example, when receiving the occasional friendly inquiry as to my astrological sign. But, instead of posing as a believer, I turn to humor: “I’m a Scorpio, and Scorpios don’t believe in astrology.”


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