Recommended Articles: Analytics and Digital Economics
Geek meets chic: Four actions to jump-start advanced analytics in apparel ( McKinsey ). Three common machine learning misconceptions ( Tableau ). Data mining for miners: Using analytics for short-term price movement forecasting ( McKinsey ). Have We Hit Peak Facebook? ( The Big Picture ). How digital platforms reduce moral hazard: Uber vs Taxis. Most of us have taken a taxi that increased the fare by taking the long route. The column compares matched pairs of taxi and Uber journeys in New York City to investigate how often drivers took unnecessary detours. Uber drivers were less likely to do this, suggesting that Uber's innovations in fare structure and digital feedback have reduced moral hazard ( VOX ).