Data Mining

Decision Management Orchestrating Consistent Enterprise-wide Decisions #iod11

October 25, 2011

Erick Brethenoux, Pierre-Henri Clouin and Asit Dan presented on IBM’s Decision Management approach – a nice chance to see both the Business Analytics and WebSphere bits of IBM talking about the same problem. CEOs consistently tell IBM that volatility, uncertainty and complexity are continuing issues. CIOs with a mandate to transform the business are responding [...]

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Signing my new book at Information on Demand

October 11, 2011

[ October 25, 2011; 12:30 pm to 1:30 pm. 12:30 pm to 1:30 pm. ]
I am speaking at Information on Demand (on Decision Management Systems and on a panel) and will be taking time out to sign my new book – Decision Management Systems: A practical guide to using predictive analytics and business rules – on Tuesday October 25 from  12:30 PM – 1:30 PM. You’ll be able to [...]

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A new Decision Management partnership – Corticon and KXEN

October 11, 2011

Corticon and KXEN have just announced a new partnership. I am always glad when a business rules management system company like Corticon partners with a predictive analytic vendor like KXEN. These two technologies can be used together to automate and improve operational decisions and build powerful Decision Management Systems (the topic of my new book). [...]

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First results from the Predictive Analytics in the Cloud survey

October 6, 2011

We have had great response to our Predictive Analytics in the Cloud survey – thanks to KD Nuggets for their support in particular this last week – and I have recorded a podcast with some of the initial highlights. We are leaving the survey open through the end of Predictive Analytics World so you can [...]

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Does IT management think about predictive analytics in the cloud?

October 3, 2011

I have been reviewing the first set of responses to our Predictive Analytics in the Cloud survey over at SmartData Collective and there are a couple of interesting demographic notes. First there is a complete absence of IT Management. We have a pretty good sprinkling of IT Executive Leadership – not as many as Line [...]

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FICO World Presentation: Predictive Analytics in the Cloud

October 3, 2011

[ November 3, 2011; 10:15 am to 11:15 am. ] Just announced: I am speaking on Predictive Analytics in the Cloud at FICO World on Thursday November 3rd at 10:15 ET
Predictive analytics and cloud technologies are hot topics individually, but how can you use them together? In this session industry expert James Taylor will discuss the use cases for predictive analytics in the cloud. He [...]

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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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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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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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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 – 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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First Look – IBM In-Database Analytics

August 2, 2011

IBM SPSS has been supporting in-database analytic modeling for a while now. Their objective is to make it possible for analysts to run the complete data mining process end-to-end in-database – from accessing the data to data transformation and model building/scoring. In particular, they try to enable analysts to push data transformation and data preparation [...]

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New white paper on uplift modeling with predictive analytics

June 30, 2011

My buddy Eric Siegel has just released a new white paper on Uplift Modeling: Predictive Analytics Can’t Optimize Marketing Decisions Without It. Here’s what he says about it:
To drive business decisions for maximal impact, analytical models must predict the marketing influence of each decision on customer buying behavior. Uplift modeling provides the means [...]

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