Data Mining

First Look: SAP Advanced Analytics Update

April 23, 2014

SAP recently summarized their Advanced Analytic solution stack, putting all their various advanced analytic components into a single solution stack. SAP sees advanced analytics as important as being competitive in the future will rely on an ability to leverage all kinds of data. They see Big Data, the Internet of Things, the need for increasingly [...]

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First Look: Pegasystems Decision Management 7

April 17, 2014

I recently got an update from Pegasystems focused on their recent release 7 of the Pegasystems Decision Management product. Last year (2013) Pegasystems had a good year, breaking $500M in revenue while showing a 55% increase in license and backlog. They are forecasting $576M in 2014 and report particular interest in predictive analytics, analytic marketing [...]

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IBM IMPACT: Panel Discussion: New Systems Meet New Business Challenges

April 10, 2014

[ April 28, 2014; 5:15 pm to 6:15 pm. ] I am part of a panel at IBM’s IMPACT 2014 on New Systems Meet New Business Challenges: Turn Data into Insight to Make More Accurate Decisions  (BDL-1378), Monday April 28 at 5:15pm
Interactive systems, mobile devices, and social networks generate more data every day – and this is not going to stop. Making sense of this astronomic amount of [...]

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IBM IMPACT: The Mobile Enterprise: Better Decisions & Smarter Processes

April 8, 2014

[ April 29, 2014; 3:45 pm to 4:45 pm. ] I am speaking at IBM’s IMPACT 2014 on The Mobile Enterprise – Driving the Need for Better Decisions & Smarter Processes (SPD-2798), Tuesday April 29 at 3:45pm
The consumerization of technology in enterprises, increasingly mobile employees and the demands of more social, mobile and connected consumers are putting increased pressure on enterprises. Adopting mobile management and development [...]

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First Look: FICO acquisition of InfoCentricity

April 2, 2014

FICO has recently acquired InfoCentricity, makers of two advanced analytics products – Xeno (for building predictive scorecards, reviewed here) and StrategyTrees (decision trees). InfoCentricity has about 40 clients (some with over 100 modelers, some smaller). Most of these companies are also FICO clients though not generally for analytic modeling tools. Clients use the tools in [...]

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SV Forum BI SIG Event: Decisions First: How to stop wasting money on Big Data

March 31, 2014

[ April 15, 2014; 6:30 pm to 9:00 pm. ] I am speaking at the SV Forum Business Intelligence SIG on Decisions First: How to stop wasting money on Big Data - April 15 at 6:30pm at SAP’s Palo Alto location.
Big Data is hot. Organizations are dealing with greater volumes of data, more variety of data and data that arrives with increasing velocity. These “Big Data” [...]

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Decision Modeling, BPMN, Business Rules and Predictive Analytics: A live demo

March 31, 2014

I recently gave a presentation at bpmNEXT showing how you can apply decision modeling, using the new Decision Model and Notation standard, to build simpler, smarter and more agile processes. The actual presentation was recorded and I will blog when it goes live but as part of preparing I recorded the demo itself and we [...]

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Some excellent Gartner advice on Decision Management

March 20, 2014

Lisa Kart, Roy Schulte and Teresa Jones of Gartner recently published Find the Best Approach to Decision Management. It’s a great piece and if you are a Gartner subscriber you should definitely read it and share it around your organization. Even if you are not you should seriously consider getting it from Gartner as it makes [...]

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Live Event: TDWI Solution Summit on Advanced Analytics

February 24, 2014

[ June 1, 2014 to June 3, 2014. ] I am co-chair, with Fern Halper,of the TDWI Solution Summit: Beyond BI to Advanced Analytics for Business Advantage in San Diego, June 1-3.
Business analytics has become an important new trend for companies that want to be competitive—and stay that way. While certain kinds of advanced analytics have been on the market for decades, adoption is finally [...]

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Analytic practitioners speak – an interview with author Nauman Sheikh

February 18, 2014

I have been interviewing analytic practitioners periodically – last year I interested Andrea Scarso, CEO of MoneyFarm and more recently I interviewed Tracy Allison Altman, co-founder of Ugly Research.  Next up is Nauman Sheikh, a seasoned professional of Data & Analytics. Nauman was introduced to me by a client who really liked his book Implementing Analytics: A [...]

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Mckinsey, analytics and decision models

February 11, 2014

There was an interesting article from McKinsey this month - The benefits—and limits—of decision models - by Phil Rosenzweig.
As Phil points out using models (and he is talking about analytic models) helps avoid common biases that undermine leaders’ judgments such as over confidence, a focus on recent data etc. And I would add not just leaders - it also helps [...]

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Still time to register for our Decision Modeling online training

February 11, 2014

If you are interested in decision modeling and in the new Decision Model and Notation standard there’s still time to come to this quarter’s online training. We are running our highly recommended online Decision Modeling training live and online February 18, 19, 20, 2014 from 10:00 AM PT / 1:00 PM ET to 11:30 AM PT/ 2:30 [...]

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First Look: Dulles Research Carolina Update

February 10, 2014

I first got a briefing on Dulles Research Carolina back in 2010 and I recently got an update. Dulles Research was founded in 2005 and came to market with Carolina, their SAS to Java convertor, in 2009. A U.S. patent was awarded to Dulles last year for the SAS to Java conversion process.
At its core, [...]

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Some Friday Data Analyst Humor

February 7, 2014

If you are a data analyst, data scientist, data miner or other analytics professional you should see this.
Thanks to @jimsterne for sharing!

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First Look: Actian Analytic Platform

January 30, 2014

I got an update from Actian about their new announcement recently. Actian recently acquired ParAccel (reviewed here) and Pervasive (see my reviews of RushAnalyzer and DataRush) and for 2014 they are bringing all this IP together into a new Actian Analytic Platform. Actian is now a $140m company with strong profits and 10,000+ customers including [...]

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First Look: Rapid Insight Update

January 29, 2014

I last got an update from Rapid Insight back in March of 2012. Since then they have made a number of updates to the products. To recap, Rapid Insight Veera is a data intelligence tool for creating analytical processes and modeling datasets (supporting an extract, transform, analyze metaphor) and Rapid Insight Analytics is a data [...]

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White Paper of the Week: Decision Modeling with DMN

January 27, 2014

If you have been following the new Decision Model and Notation standard and want to understand a little more about how to do decision modeling using the approach, check out our white paper Decision Modeling with DMN. This white paper describes the four iterative steps to complete a Decision Requirements Model using the forthcoming Decision Model and [...]

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Share your thoughts on advanced analytics

January 23, 2014

Hurwitz & Associates will update their Victory Index on Advanced Analytics in 2014. This report will summarize key trends in advanced analytics, provide information on vendor offerings, and report on vendor strengths and weaknesses from an end user perspective. In order to help guide end users who are making a decision on selecting an advanced [...]

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Standards in Predictive Analytics: A White Paper

January 23, 2014

To wrap up the series I have been writing on standards in predictive analytics, here’s the report I have been working on. This report discusses each of the topics in the series – R, Hadoop and PMML – in more detail and pulls it all together in a single paper. You can get the Standards in Predictive [...]

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Another analytic practitioner speaks – an interview with Tracy Altman

January 22, 2014

Last year I interested Andrea Scarso, CEO of MoneyFarm, about analytics. This was a hugely popular post so I thought I would continue the series this year by interviewing some other analytic practitioners. The first in this continuing series is an interview with Tracy Allison Altman, co-founder of Ugly Research. Ugly Research are developing PepperSlice, [...]

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