News

Miriam Friedel Discusses Humanity's Role in a Data-Driven Future with APQC

August 15, 2017

Miriam Friedel, PhD participated in APQC’s Data Driven by Design series. Organizations cite establishing a data-driven culture as their top challenge when it comes to data and analytics. To help address that challenge APQC posed the question: What is the role of the human mind (i.e., intuition, experience, acumen) in a business environment that's becoming increasingly automated and data driven?

Postal Service Busted Up a Billion-Dollar Drug Problem with Data

July 10, 2017

Kelly Tshibaka, chief data officer within the Postal Service’s OIG, revealed the impact of using a fraud detection solution called RADR developed by Elder Research to investigate a spike in health care costs revolving around workers’ compensation claims and spending on prescription drugs at the Department of Labor. The increased spending was a coordinated effort between several parties attempting to fleece the government for millions of dollars. The scam focused on compound drugs, which allows multiple medications to be blended into a single pill but is billed full price for each medication.

In total, the Office of the Chief Data Officer she heads has used analytics to peruse millions of pages of paperwork to produce more than 500 leads for investigators across the $13 billion the Postal Service spends on contracts annually, with “only one of them a false positive.”

“Last year, our tools and models helped us contribute to $920 million in findings,” Tshibaka said. “Anyone in the position of having to do more with less? Your answer is data analytics.” Read more.

Data Analyst, Halee Mason, Discusses Her Experience with UW Master of Data Science Program

June 26, 2017

The path to a data science career often takes unexpected twists and turns. Data scientists have professional backgrounds as varied as journalist, systems developer, or—in the case of University of Wisconsin Master of Data Science student Halee Mason—lab scientist. Halee shares how she went from lab scientist to data scientist, what drew her to this particular program, and what advice she would give to someone considering a data science degree. Read the interview. 

Elder Research Wins $100M BPA to Support the Securities and Exchange Commission OCIE

June 26, 2017

Under this eight year blanket purchase agreement for the National Examination Program Support Services (NESS) contract, Elder Research is eligible to compete for task orders and is responsible for Asset Verification, and Analytics and General Support. The National Exam Program strives to promote compliance, prevent fraud, monitor risk, and inform policy for the U.S. Securities and Exchange Commission Office of Compliance Inspections and Examinations (OCIE).

Elder Research Cited in ZDNet Article on Neo4j

June 22, 2017

Elder Research was cited in the article "Neo4j and NASA: When graph database technology really is rocket science" at ZDNet. Graph technology is finding uses in all branches of science and technology and, courtesy of NASA, we can add rocket science to the list.

Gerhard Pilcher and Jeff Deal Quoted in Training Industry Article

June 12, 2017

Jeff Deal and Gerhard Pilcher were quoted in the article "Data and Analytics 101: Tips for Success in Corporate Training" at Training Industry. The article references their book Mining Your Own Business.

Gerhard Pilcher and Jeff Deal Join Jim Blasingame for Radio Interview on Mining Your Own Business

June 5, 2017

Jeff Deal and Gerhard Pilcher join Jim Blasingame on The Small Business Advocate show to discuss their book Mining Your Own Business and to reveal some of the steps organizations should take when using predictive analytics to gain business insight. Listen to the interview.

John Elder on Panel Discussion at Alternative Investment Conference

May 30, 2017

John Elder was an expert panel member discussing "Human vs. Machine - Could Data Science & Artificial Intelligence Disrupt the Entire Hedge Fund Industry" at the 5th Annual Alternative Investment Conference hosted by Piedmont Fund Services.

Raleigh Office Presented at the Research Triangle Analyst Meet-Up

May 16, 2017

Data scientists from Elder Research discussed their experiences with using AWS and R for a client project at the Research Triangle Analyst Meet-Up. The client's problem had a number of challenges, including wide data sets with a limited amount of data. The presentation included discussion about the use of Random Forests, Beruta, and Target Shuffling and was attended by approximately 80 analysts from the Raleigh area.

John Elder & Bryan Jones on GovLoop's DorobekINSIDER LIVE

April 14, 2017

John Elder and Bryan Jones discussed how to overcome data analytics challenges in government on GovLoop's DorobekINSIDER LIVE titled "Data Analytics: Turning Numbers Into Good Government". Data analytics can be a powerful decision making tool but agencies need to find ways to integrate them into everyday processes.