From the category archives:

Analytics

Some analytic opportunities

January 11, 2010

An old friend introduced me to Rex Huston <rhuston@maisearch.com> before the break. Rex is looking for analytics folks for a number of open position. He is seeking highly-skilled and motivated professionals who can effectively assess the strengths and weaknesses of complex, statistically-based models used by top-tier financial services clients for credit risk management, market risk [...]

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Where to start with analytics?

January 6, 2010

Syndicated from BeyeNetwork
One of my google alerts pointed me to this thread on Oracle’s discussion forums OTN Discussion Forums : Text Mining Dictionary …. I got the alert because one of friends at Oracle responded to the question “Where to Start?” by quoting the book (Smart (Enough) Systems) I wrote with Neil Raden:
Wrong: Catalog everything [...]

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Webinar – big data in the cloud #cloud

January 5, 2010

My friends over on SmartData Collective (where this blog is syndicated) have an interesting webinar coming up on “Risks and Rewards of Big Data in the Cloud”. Intended to address the reality of data warehousing in the public cloud, it’s on January 13, 2010 1 PM EDT / 10 AM PDT. Register for The [...]

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First Look – Scorto

January 5, 2010

I caught up with a new (to me at least) decisioning platform recently. Scorto works with credit organizations to manage credit risks and make objective decisions when selling mass credit products. They offer what they refer to as decision support (but I would call blended decision management and decision support) in everything from personal/small commercial [...]

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Smart systems in business

December 22, 2009

Syndicated from ebizQ
K. Mani Chandy is one of my fellow bloggers on ebizQ and his first post had a title that caught my eye – Smart Systems in Business: A Biological Metaphor. Given my focus on decisions to make smarter systems (or, as Neil and I put it in our book, Smart (Enough) Systems) I [...]

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Some thoughts on advanced analytics in 2010

December 21, 2009

Syndicated from BeyeNetwork
James Kobielus had a nice list of Advanced Analytics Predictions For 2010 over on the Forrester blog. As usual James is thought provoking with some interesting predictions. Let’s start with the one’s with which I agree most strongly.

Advanced analytics sinks deep roots in the data warehouse
Absolutely. In database/in warehouse analytics will become more [...]

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A predictive enterprise

December 18, 2009

Syndicated from ebizQ
I was reading an old SPSS presentation the other day and found a great definition of a Predictive Enterprise:
A predictive enterprise:

Derives maximum value from its data assets
Understands its business by gaining deep insight
Leverages advanced analytics to predict outcomes
Turns this knowledge into action to optimize decision making across all areas of its operations

I [...]

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Your movements speak for themselves

December 11, 2009

Syndicated from BeyeNetwork
Jeff Jonas had a great post on his blog recently, Your movements speak for themselves: Space-Time Travel Data is Analytic Super-Food! in which he made the point that:
Mobile devices in America are generating something like 600
billion geo-spatially tagged transactions per day.
With such huge volumes involved, this information is only going to be useful [...]

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Recording of the IBM Breakaway Breakout presentation

December 10, 2009

Recording of the Breakaway Breakout session where Fred Balboni and I discuss the new IBM research on using analytics to breakaway from competitors.

Watch live streaming video from

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Predictive analytics – in Excel of all places

December 10, 2009

Syndicated from BeyeNetwork
My friends at Zementis have just launched support for executing predictive analytic models in Excel – check out Predictive Analytics at your fingertips: Scoring data in Microsoft Office Excel. While not, exactly, a high-volume transaction environment, Excel is an interesting place for executing predictive models and I like the way the folks at [...]

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Decision requirements diagram – a neat idea

December 9, 2009

Alan fish has started a blog on decision requirements and recently blogged on The Decision Requirements Diagram. If you are doing business rules or analytics, or better yet decision management, read this now. Fabulous, if straightforward and “obvious”, this is a diagram you should be using. I certainly plan to.

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Speaking at CT Business Rules User Group 12/17/09

December 9, 2009

[ December 17, 2009; 5:30 pm to 7:30 pm. ] I am presenting on Decision Management – putting rules and analytics to work at the Connecticut Business Rules User Group on Thursday December 17th at 5:30. This event is open to the public and is free. Registration is required – email president@hartford.theiiba.org. The schedule is:

Doors open at 5:30PM for registration and networking
Meeting Intro: [...]

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New IBM study on business analytics and optimization

December 9, 2009

IBM today released a new report on the progress companies are making adopting business analytics and optimization. The paper is called “Smarter decisions for optimized performance” (love it) and focuses on how companies are using analytics and optimization to “breakaway” – a sports analogy such as where a cyclist breaks away from the pack not [...]

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Risk is a transactional issue, not a quarterly exercise

December 8, 2009

In Risk Is Not a Quarterly Exercise; It Should Be a Way of Life Norman Marks asks an interesting and pertinent question:
Is your risk management program a quarterly exercise or a way of life in the business?
One of the most uses of analytics is in risk assessment – predicting fraud or credit risk for instance [...]

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First Look – SAS Enterprise Miner/Model Manager

December 3, 2009

The folks from SAS gave me a quick update the other day on SAS Enterprise Miner and SAS Model Manager, two of SAS’ data mining/predictive analytics products. I often blog about SAS, as you would expect, but I have not done any product posts. SAS’ Business Analytics Framework is focused on helping organizations find the [...]

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Multiple decsioning engines – a reader asks

December 1, 2009

Neeraj asked me an interesting question the other day – how would a decisioning product like Oracle RTD and a business rules engine co-exist? Rather than answering this specifically I thought I would try and generalize it. After all there are products like Unica and Chordiant that also offer decisioning engines that are not general [...]

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Teradata Magazine Online – Prepare for impact

November 30, 2009

Neil Raden and I helped write an article for Teradata Magazine – Prepare for impact – and you can find it online as part of Teradata Magazine Online. The article came out of some research on decisioning technology that Neil and I did together. You can download it from Teradata or from Decision Management Solutions.

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First Look – Convergys

November 30, 2009

While I was attending the Business Rules Forum a few weeks back I got my first chance to learn about Convergys. A major sponsor of the event, Convergys is focused on improving the customer experience and customer relationships using decisioning technologies. Building on a history in customer care and billing, Convergys is now a nearly [...]

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A decisioning elevator pitch

November 24, 2009

Syndicated from ebizQ
So you’re the CIO of a Fortune 500 company and you step into an elevator with your CEO. He asks why the board should approve your seven figure Decision Management budget request. What’s your “elevator pitch” for decisioning?

Is it that decisioning can change the basic assumptions of your business – decoupling growth, revenue [...]

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Early results from the Rexer data mining survey

November 23, 2009

Karl Rexer of Rexer Analytics sent me a note the other day about some early results of the 3rd Annual Data Miner Survey in the Spring of 2009.  Like the previous surveys (I blogged about the 2008 survey), it  examined data miners’ algorithms and tools, opinions and views, types of data analyzed, challenges encountered, and [...]

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