Month: July 2020

Analytics Spotlight: Outlier Data

by Will Krebs, 7/29/20

The NCS Platform takes in hundreds of thousands of data points on a daily basis. The analytics engine identifies transactions that fall outside of the statistical norms in order to alert our clients about unusual activity. How do we know these are really atypical transactions, you ask? One way that we distinguish the "normal" from the "abnormal" is by using a common statistical term called the Normal Distribution, also known as the Bell Curve. The bell curve is evident around the globe in a variety of... Read More >

Analytics Spotlight: Medicinal vs. Adult Use

Paige Reimers , 7/23/20

Cannabis has evolved significantly over the past few decades from a primarily untracked, unregulated, gray market industry to one of the most regulated industries in the country. The recent introduction of the adult-use market (in 11 states) has proved to be successful for enforcement and regulatory budgets over the past few years by bringing in new tax revenue. As the adult-use market grew, it created distinctions between it and the medicinal market. When analytics were applied to the data (logically separated by which side of the industry, the activity was occurring),... Read More >