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Tom Debevoise and I gave a webinar this week on 4 key benefits of using the Business Process Model and Notation (BPMN) and the Decision Model and Notation (DMN) standards. We highlighted the power of these two standards in combination, specifically in terms of: Streamlined processes A combination of process modeling and decision modeling produces simpler [...]

Dataiku, a company founded in 2013 and based in France, launched their product, Data Science Studio (DSS), in February 2014. DSS is a web-based analytic software platform designed for data scientists and analysts. The product is designed to improve the effectiveness and productivity of data teams especially when it comes to turning raw data into [...]

I blogged a little about the tech preview of IBM’s Operational Decision Manager – Advanced product when I was at IMPACT and I recently got a full briefing on the new ODM Advanced release. ODM Advanced has been under development for about 2 years with early access for customers back in late 2013 and technology [...]

As part of working with SAS on their Decision Management initiatives I got to talk with their about their new product – SAS Decision Manager.  As part of this I recorded some wrote a product review: SAS Decision Manager delivers more precise, accurate, and traceable decisions into operational processes using analytics and business rules. SAS Decision Manager closes [...]

FICO Analytic Modeler is FICO’s in-browser analytic tool suite – the evolution of the Model Builder product line post the InfoCentricity acquisition. These offerings are part of the FICO Analytic Cloud, a cloud-based environment for building and managing analytic models and deploying analytics into decisioning applications.  It also features a marketplace for analytic solutions. The [...]

Brian McDonough has been writing (with Dan Vesset, Steve Hendrick, Henry Morris and others) on Decision Management at IDC for many years and he has recently published an IDC MarketScape: Worldwide Decision Management Software Platform 2014 Vendor Assessment. The report has an IDC MarketScape figure, IDC’s opinion on the Decision Management market, process and software as well as some [...]

I recently did some research on the requirements for enterprise-scale analytics and the challenges of using open source R in this context. In this first post I wanted to outline some of the requirements I see for enterprise scale analytics and in a second post I will discuss the challenges of R in that context. As advanced [...]

Actian has recently released its new Actian Analytics Platform (blogged about here) to deliver scale, parallelism, advanced analytics etc. Following on from this they announced a new offering, Clear Path. The Clear Path Program is designed to provide blueprints to help customers adopt this platform and deliver “transformational value”. Clear Path Analytics Blueprints package up [...]

The Hurwitz Group just published their Victory Index for Predictive Analytics. This is a great report on the core predictive analytic vendors written by Marcia Kaufman and Daniel Kirsch. The report covers Angoss, IBM, Megaputer, Pegasystems, Predixion, RapidMiner, Revolution Analytics, SAS, SAP, StatSoft. The report aims to assess four things about each vendor: Vision – how good the company’s strategy [...]

Last breakout session at the IBM Big Data and Analytics day in on the Internet of Things and Predictive Asset Maintenance. The IoT is creating new opportunities in all sorts of industries from route optimization to border control, power management in buildings to managing ATM infrastructure. Increasingly organizations want to respond in real-time to things being detected [...]

Zementis, the company behind the ADAPA PMML engine (last reviewed here and a sponsor of our Standards in Predictive Analytics research), has been busy making their technology for deploying models based on the Predictive Model Markup Language or PMML more pervasive. They have launched on the Amazon AWS Marketplace. While they have supported AWS for [...]

SAS® Model Manager is getting an update soon to release 13.1 (I last blogged about Model Manager 3.1). The vision of SAS Model Manager going forward is to streamline the integration of predictive modeling into the overall environment, make it easier to operationalize analytical models, expand the model portfolio management capabilities and improve governance and [...]

RapidMiner today announced a new Platform-as-a-Service offering for deploying and managing predictive analytic models in the cloud. RapidMiner consists of a Studio product for developing analytic models and a Server product that allows for collaboration, batch model execution and interactive dashboards etc. I have blogged about RapidMiner before and the product is in our Decision [...]

SAS is upgrading its in-memory analytics products with SAS® Visual Statistics (forthcoming) and SAS® In-Memory Statistics for Hadoop. SAS In-Memory Statistics for Hadoop is available now and SAS Visual Statistics is going to be shipping in July of 2014. SAS Visual Statistics is based on the SAS® LASR™ Analytic Server for in-memory processing and is [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]