predictive analytics

First Look: Pegasystems Decision Management 7

April 17, 2014

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 [...]

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First Look: Zoot zDecision Update

April 14, 2014

I got an update from Zoot recently about their zDecision product (having last been briefed back in 2012). First, a quick update on Zoot: They are focused almost entirely in the financial services industry, especially on lenders. Their products are designed to be very flexible and so support the kind of out of the box [...]

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Decision Modeling now on the GSA

April 7, 2014

We get a steady stream of interest from government agencies here in the US – agencies and departments looking to modernize legacy applications with business rules, develop simpler and more agile business processes or adopt more advanced analytics. Decision Modeling, the first step in Decision Management, is a powerful tool to help these projects succeed. [...]

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First Look: FICO acquisition of InfoCentricity

April 2, 2014

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 [...]

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Decision Modeling, BPMN, Business Rules and Predictive Analytics: A live demo

March 31, 2014

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 [...]

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Decision-centric dashboards and application lifecycle management with Assure

March 24, 2014

We have become increasingly convinced that decision modeling, especially decision modeling using the Decision Model and Notation (DMN) standard and DecisionsFirst Modeler, is a great way to design dashboards. Building a decision model focuses on the decisions that must be made by the user of the dashboard, on how they make that decision and on [...]

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Some excellent Gartner advice on Decision Management

March 20, 2014

Lisa Kart, Roy Schulte and Teresa Jones of Gartner recently published Find the Best Approach to Decision Management. It’s a great piece and if you are a Gartner subscriber you should definitely read it and share it around your organization. Even if you are not you should seriously consider getting it from Gartner as it makes [...]

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First Look: Granata Decision Systems

March 5, 2014

As part of my ongoing series on Marketing Decision Management solutions I recently caught up with Granata Decision Systems. Granata was founded in 2012 by folks from the University of Toronto who specialize in optimization and AI. GDS’ product is a marketing optimization solution targeted at organizations with a relatively sophisticated customer analytics environment who [...]

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Live Event: bpmNEXT Decision Modeling for Simpler, Smarter, More Agile Processes

February 26, 2014

[ March 27, 2014; 10:45 am to 11:15 am. ] I am presenting (demonstrating really) on Decision Modeling for Simpler, Smarter, More Agile Processes at bpmNEXT March 27.
A live demonstration of DecisionsFirst Modeler, a collaborative cloud-based environment for decision modeling, will show how the Decision Model and Notation standard works. In addition, you’ll see how teams can collaborate on these models, how they can link to [...]

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Live Event: TDWI Solution Summit on Advanced Analytics

February 24, 2014

[ June 1, 2014 to June 3, 2014. ] I am co-chair, with Fern Halper,of the TDWI Solution Summit: Beyond BI to Advanced Analytics for Business Advantage in San Diego, June 1-3.
Business analytics has become an important new trend for companies that want to be competitive—and stay that way. While certain kinds of advanced analytics have been on the market for decades, adoption is finally [...]

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Still time to register for our Decision Modeling online training

February 11, 2014

If you are interested in decision modeling and in the new Decision Model and Notation standard there’s still time to come to this quarter’s online training. We are running our highly recommended online Decision Modeling training live and online February 18, 19, 20, 2014 from 10:00 AM PT / 1:00 PM ET to 11:30 AM PT/ 2:30 [...]

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First Look: Dulles Research Carolina Update

February 10, 2014

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 core, [...]

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Some Friday Data Analyst Humor

February 7, 2014

If you are a data analyst, data scientist, data miner or other analytics professional you should see this.
Thanks to @jimsterne for sharing!

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First Look: Rapid Insight Update

January 29, 2014

I last got an update from Rapid Insight back in March of 2012. Since then they have made a number of updates to the products. To recap, Rapid Insight Veera is a data intelligence tool for creating analytical processes and modeling datasets (supporting an extract, transform, analyze metaphor) and Rapid Insight Analytics is a data [...]

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White Paper of the Week: Decision Modeling with DMN

January 27, 2014

If you have been following the new Decision Model and Notation standard and want to understand a little more about how to do decision modeling using the approach, check out our white paper Decision Modeling with DMN. This white paper describes the four iterative steps to complete a Decision Requirements Model using the forthcoming Decision Model and [...]

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Share your thoughts on advanced analytics

January 23, 2014

Hurwitz & Associates will update their Victory Index on Advanced Analytics in 2014. This report will summarize key trends in advanced analytics, provide information on vendor offerings, and report on vendor strengths and weaknesses from an end user perspective. In order to help guide end users who are making a decision on selecting an advanced [...]

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Standards in Predictive Analytics: A White Paper

January 23, 2014

To wrap up the series I have been writing on standards in predictive analytics, here’s the report I have been working on. This report discusses each of the topics in the series – R, Hadoop and PMML – in more detail and pulls it all together in a single paper. You can get the Standards in Predictive [...]

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Standards in Predictive Analytics: Futures

January 16, 2014

In this series so far we have discussed a number of standards – R, PMML and Hadoop – that are well established. There are also some future developments that are worth considering—the emergence of the Decision Model and Notation standard, growing acceptance of Hadoop 2 and planned updates to PMML specifically.
As regular readers of this [...]

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Standards in Predictive Analytics: Hadoop

January 14, 2014

With the fourth post in this series I am going to talk about Hadoop – something with even more hype than R or predictive analytics. As we all know the era of Big Data has arrived. As anyone who reads the IT or business press knows, there is more data available today,  this data is no longer [...]

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Online Decision Management and Decision Modeling training in February

January 13, 2014

[ February 4, 2014 to February 20, 2014. February 4, 2014 to February 20, 2014. ] We are running our “Decision Management and Decision Modeling” online in February.
This 6-session online live training class will prepare you to be immediately effective in using the Decision Management approach and a modern, collaborative and standards-based approach to decision modeling.You will learn how to identify and prioritize the decisions that drive your success, see how [...]

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