Big data is a bit of a buzzword and in some cases isn’t that big at all. It really depends on what your organization’s big data strategy is and where the loss prevention department fits in. It’s really not about the amount of data; it’s what you plan to do with it. This is part of the tutorial that Tom Meehan, CFI, our new Future of LP columnist, provides in the current issue of the magazine. He gives readers an explanation of descriptive and predictive analytics versus prescriptive analytics along with key steps to planning and implementing a retailer’s big data strategy.
Also in the current issue, David Zulawski, CFI, CFE, and Shane Sturman, CFI, CPP, talk about memory and how to approach an interview where the subject says they don’t remember details. For example, they advise that in situations where a subject reverts to “I don’t remember,” it is generally a means of defending himself without having to admit to participation in a particular act. For example in a Senate hearing, if the person under oath denied committing the act, he will have committed perjury. However, if the “I don’t remember” response is used, it enables the subject to respond without committing perjury.
Other columns in the January-February issue include:
– “How eBay Works with Law Enforcement” by Dave DiSilva
– “Loss Prevention Leaders Must Win” by Read Hayes, PhD, CPP
– “Adding Certification to a Master’s Degree” with Jennifer Schaefer, MA, LPC
– “Cargo Theft and Its Impact on the Retail Community” by Maurizio Scrofani, CCSP, LPC
– “How Will Retail Respond to a New Wave of Cyber Crime” by Jacque Brittain, LPC
– “Fifteen Years of Growth and Change” by Jim Lee, LPC