Data Mining

New Predictive Analytics in the Cloud deliverable

September 29, 2011

We just posted a second deliverable from the Predictive Analytics in the cloud study. In addition to the position paper there is now a quick introductory webinar. Covering similar information to the position paper with some great case studies, this webinar lays out the key areas of potential for Predictive Analytics in the Cloud solutions.
To [...]

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Predictive Analytics in the Cloud survey update

September 27, 2011

Just a quick note to update you on the Predictive Analytics in the Cloud research we are conducting. We have about 100 survey results already and some interesting trends are developing in the results.
Don’t forget, if you took the survey, that the results are anonymous and you need to register at smartdatacollective.com/predictive-analytics-cloud to get the [...]

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CRISP-DM data mining methodology in hypertext form

September 24, 2011

CRISP-DM – Cross-Industry Standard Process for Data Mining – is the best known data mining methodology out there. It’s been around a long time but ownership/management of the consortium that developed it has gotten complex recently (the CRISP-DM.ORG site is down at present for instance but you can get some details in the CRISP-DM Wikipedia [...]

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Predictive Analytics in the Cloud position paper available

September 22, 2011

The Predictive Analytics in the Cloud research we are conducting is moving on. The survey is open for you to give us your opinion and the position paper is now available. The position paper discusses the value propositions for 5 ways to use predictive analytics in the cloud:

Pre-packaged Cloud Based Solutions
Predictive Analytics for SaaS
Predictive Analytics [...]

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First Look SAS Model Manager 3.1

September 22, 2011

SAS 9.3 shipped a couple of months ago and it included an update of SAS Model Manager 3.1. Model Manager (reviewed here) is a product for managing the analytic model lifecycle once a model is built – validating, deploying, monitoring and retraining predictive analytic models. Model Manager is designed to help with some of the [...]

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Ready to pre-order my new book? How about a 35% discount

September 21, 2011

Well my new book has shipped to the printers and it should be available in mid-October. The nice folks at IBM Press have set up a 35% discount code TAYLOR4389 and the book is ready for pre-order here on IBM Press. Just go to their site, order the book and enter the code. You can also [...]

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Survey on Predictive Analytics in the Cloud – tell us what you think

September 20, 2011

Decision Management Solutions, the company of which I am CEO, is running a study on Predictive Analytics in the Cloud. Both Predictive Analytics and Cloud are hot topics and the intersection has tremendous potential. Whether it is using cloud-based decision management systems powered by predictive analytics, using the cloud to deliver predictive analytics to SaaS [...]

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Predictive Analytics in Healthcare

September 19, 2011

I am attending the Computerworld Business Intelligence and Analytics Perspective conference and just gave the opening keynote “From Business Intelligence to Predictive Analytics.” Following me is the team from Blue Health Intelligence about their innovative use of predictive analytics.
The US healthcare system that is more expensive, less effective and less safe than many other countries’ [...]

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New research council being launched

September 9, 2011

I am a faculty member for the International Institute for Analytics and we are launching a new research effort – the IT Analytics Research Council. Here’s what the official promotional text says:
The International Institute for Analytics (IIA) uses an experience-based research approach to uncover “what’s working” and more importantly “what’s next” in the area of [...]

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Speaking at IBM’s Information on Demand: Driving Better Business Results with Decision Management Systems

September 1, 2011

[ October 26, 2011; 11:30 am to 12:30 pm. ] I am speaking on “Driving Better Business Results with Decision Management Systems” on October 26th at 11:30am at IBM’s Information on Demand event.
Decision Management Systems are an exciting class of information systems. They help organizations manage risk, reduce fraud and maximize the value of every customer interaction. Decision Management Systems enhance existing business processes and [...]

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Update on Predictive Analytics in the Cloud

August 31, 2011

Our Predictive Analytics in the Cloud research is moving forward. We announced this multi-stage, multi-client project a week ago and are busy developing the survey (plan is to launch this mid-September) and the initial position paper. I’ve had some great interviews with our sponsors (Clario Analytics, FICO, Opera Solutions, Predixion Software, SAS, Teradata, and Toovio) [...]

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Here’s how to use Decision Management to improve cross-channel experience

August 29, 2011

Retailing today had an interesting article – “Best Buy, Sears, Target tops in cross-channel performance” – about the importance and challenges of becoming a cross-channel retailer. I was struck by the potential of Decision Management Systems to improve cross-channel experiences in a couple of key areas:

60% had inconsistency across in-store and online promotions;
Obviously inconsistency is [...]

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Webinar: How to build Decision Management Systems – Part 3 Decision Analysis

August 23, 2011

[ November 29, 2011; 10:00 am to 11:00 am. ] Decision Management Systems are the next generation of information systems. Agile, analytic and adaptive, Decision Management Systems put business rules management systems, predictive analytics and optimization to work improving the effectiveness and efficiency of your operations. Decision Management Systems are agile – easy to change, easy to keep compliant and transparent in their behavior. They [...]

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Webinar: How to build Decision Management Systems – Part 2 Decision Services

August 23, 2011

[ October 27, 2011; 10:00 am to 11:00 am. ] Decision Management Systems are the next generation of information systems. Agile, analytic and adaptive, Decision Management Systems put business rules management systems, predictive analytics and optimization to work improving the effectiveness and efficiency of your operations. Decision Management Systems are agile – easy to change, easy to keep compliant and transparent in their behavior. They [...]

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Predictive Analytics in the Cloud

August 23, 2011

We announced are newest research today – Predictive Analytics in the Cloud. This is a multi-stage, multi-client project that will run over the next few months. We’ve had strong interest and have a great set of sponsors that should be familiar to readers from our First Looks – Clario Analytics, FICO, Opera Solutions, Predixion Software, [...]

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SAS Forum Netherlands 2011 Keynote – Transforming your business with analytics

August 22, 2011

[ October 5, 2011; 5:00 am to 6:00 am. ] I am giving a keynote on “Transforming your business with analytics” at at SAS Forum Netherlands 2011 on October 5, 2011.

The power of analytics lies in its ability to transform decision-making. Focusing on decisions, especially on operational decisions, focuses advanced analytics to drive measurable business results. By delivering the right action at the right time, [...]

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First Look – FICO Model Builder 7.2

August 18, 2011

Model Builder is FICO’s predictive analytic workbench remains focused on superior scorecard technology with advanced inferencing and reject inference (described in my review of Model Builder 7.1). Integration with the Blaze Advisor BRMS and integration for common variable libraries remains a largely unique feature. The focus of the newly announced Model Builder 7.2 is on [...]

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First Look – Causata

August 11, 2011

Causata is a software company founded in early 2009 with a heritage from the online space – behavioral targeting on the web and database marketing. They are headquartered here in Silicon Valley with engineering in London and the team has experience across companies like Touch Clarity, Omniture, Interwoven, DoubleClick, RedHat, Skype, eBay and others.
Causata sees [...]

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First Look – JMP Pro

August 10, 2011

I got my first look at JMP recently. JMP originally stood for “John’s Macintosh Project” apparently but is now a major business unit of SAS that has operated independently since 1989. It has about 180 employees and 250,000 users worldwide. The product has long since supported both Windows and Mac platforms and is a full [...]

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First Look – Oracle Data Mining Update

August 4, 2011

I got an update from Oracle on Oracle Data Mining (ODM) recently. ODM is an in-database data mining and predictive analytics engine that allows you to build and use advanced predictive analytic models on data that can be accessed through your Oracle data infrastructure. I blogged about ODM extensively last year in this First Look [...]

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