data

IBM IMPACT 2012 Opening Keynotes

April 30, 2012

After a great introductory session from Walter Isaacson (biographer of Einstein, Franklin and Jobs), we kicked off the main session at IBM’s largest IMPACT conference with over 8,500 attendees with a focus on re-thinking IT.
Marie Wieck started by discussing how core applications are changing. IBM claims that $5Trillion run on IBM hardware. These systems must [...]

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Tips for Big Decision Management

April 28, 2012

The TIBCO Spotfire blog had a nice post – Tips to Get Your Organization Ready for Big Data – and it struck me that these tips were all good advice for someone trying to do “Big Decision Management” – that is Decision Management with Big Data. I would add a few comments though:
Collaboration is always [...]

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Real-time Infrastructure for Decision Management

April 18, 2012

It used to be that analytics were applied in batch, updating the database with a score or customer segment based on yesterday’s data.
It used to be that these models could take months to implement, so that the models themselves were based on data that might be months out of date.
It used to be that analytic [...]

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Decision Management Training in Europe this June

April 11, 2012

I am giving a 2-day workshop on the essentials of Decision Management, the effective use of business rules and Business Rules Management Systems and the role of analytics in Europe this June:

Berlin – June 4/5 – Register here.

Organizations must understand how to identify and classify decisions and how to assess the potential for business rules [...]

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First Look – BigML

April 10, 2012

While there are many machine learning packages out there, BigML is trying to make them usable by people with just a little experience – to improve the learning curve of machine learning techniques. At the same time they also address the scale challenge as Gigabytes of data override the traditional algorithms. Their product is therefore [...]

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Target variables matter but so do decisions

April 8, 2012

Dean Abbot wrote a great post recently “Why Defining the Target Variable in Predictive Analytics is Critical” in which he referenced the CRISP-DM approach to building predictive analytic models and talked about the importance of target variable selection in building an effective model. The thrust of Dean’s post was the crucial point that because
The target [...]

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First Look – SAS High-Performance Analytics appliances

April 2, 2012

High-Performance Analytics from SAS consists of SAS Grid Computing, SAS In-Database Analytics and SAS In-Memory Analytics. The latter component has a new addition in the form of SAS High-Performance Analytics (SAS HPA), which was announced in Dec. 2011. SAS HPA is appliance-ready software that uses hardware from database partners (Teradata or EMC Greenplum) for high [...]

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First Look – Pervasive RushAnalyzer

March 29, 2012

Pervasive is best known for its data integration products but has recently been developing and releasing a series of products focused on analytics. RushAnalyzer is a combination of the KNIME data mining workbench (reviewed here) and Pervasive DataRush, a platform for parallelization and automatic scaling of data manipulation and analysis (reviewed here).
In the combined product, [...]

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First Look – Rapid Insight Analytics

March 28, 2012

Rapid Insight was founded 10 years ago to develop tools that were easier for analysts to use to quickly extract meaning from data. Rapid Insight has been focused in higher education until recently and is expanding into fund raising and other areas. Rapid Insight Analytics is a pure data mining or predictive analytic workbench designed [...]

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First Look – Rapid-I

March 27, 2012

Rapid-I provides open source software for predictive analytics, data mining and text mining. Incorporated in 2006, they are based in Dortmund Germany and have been working on RapidMiner since 2001. They have over 35,000 production deployments and more than 400 customers in 40 countries. Banking and financial services is their largest market followed by Pharma [...]

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Pushing the frontiers of analytics #smarteranalytics

March 20, 2012

Brenda Dietrich from IBM research wrapped up the morning with a discussion of some of IBM’s research. This involved both managing uncertain data at scale and driving analytics for this data. Projects cover systems of people, the future Watson, Outcome-based business and resilient business and services.
As everyone knows there’s a lot more data out there [...]

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First Look – Fuzzy Logix In-Database Analytics

March 20, 2012

Fuzzy Logix is an advanced analytics software solution and services company headquartered in Charlotte North Carolina, with offices in Cupertino California, Richmond, Virginia and distribution channels throughout the world. Fuzzy Logix provides an in-database analytics solution, supporting both in-database model construction and in-database scoring.  They also offer in-GPU solutions, which allow users to access potentially [...]

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First Look – Dymatrix DynaMine

March 6, 2012

Dymatrix started in 2000 as a spinout from Computer Sciences Corporation. Focused on analytical CRM and campaign management they have done many projects and identified a number of challenges in the use of predictive analytic models. They have customers across utilities, retail, telecommunications, banking, insurance and life sciences. This work led to the development of [...]

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First Look – EigenDog

March 5, 2012

EigenDog was founded in 2011 and launched their service for scalable predictive modeling in December 2011. Their objective was to provide scalability in machine learning. As we are all aware these days, more data tends to result in better predictive analytic models while better models can result in better business results. EigenDog’s perspective is that [...]

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First Look – Predixion Insight 2.0

March 1, 2012

I got an update from Predixion Software recently. Predixion, as I have blogged before, was founded in 2009 and is focused on disrupting the predictive analytics market by making it easier to build and deploy predictive analytics. Their core belief is that success with predictive analytics is going to require the broadening of the range [...]

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Decisions, rulesets and business rules revisited

February 28, 2012

Some time back I wrote Here’s how decisions and rules relate (and how to manage them) and it seemed to me that this could do with being repeated with small updates.
One of the questions I get often is around how decisions and business rules relate. Business rules are, after all, one of the core technologies for [...]

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New Report on Decision Management Technologies – The Four Capabilities

February 28, 2012

As regular readers know, we have released the first version of our Decision Management Systems Platform Technology report. This report is available free for download from http://www.decisionmanagementsolutions.com/decision-management-technology. The core of this version of the report is the description of four aspects of building a Decision Management System that drive organizations to adopt new, Decision Management [...]

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First Look – GDS Link Update

February 20, 2012

I got an update on GDS Link recently, having last written about them in 2010 (see this First Look on GDS Link). Since 2006 they have been helping banks and other credit issuers to build custom, tailored, customer-centric risk applications.
DataView 360, the core product, was designed to address what they regard as the key problem [...]

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First Look – FICO Model Central

February 16, 2012

FICO Model Central is the latest addition to FICO’s Decision Management platform and is focused on lifecycle management of predictive analytic models in the context of an overall Decision Management implementation. The original driver was a growing regulatory requirement in the banking industry to have a regular cycle of model validation and monitoring of predictive [...]

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First Look – Zoot

February 9, 2012

Zoot was founded in 1990 and has been providing hosted decision management solutions since 1992. With a focus on financial services, Zoot’s clients include 3 of the top 5 U.S. banks and they work with clients of all sizes and across all lines of business.  Instant credit decisioning is one of their critical offerings, but [...]

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