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predictive analytics

FICO made a series of announcements today at FICOWorld 2016. The event kicked off with a fun retrospective of the 60 year history of FICO. Bill Fair and Early Isaac founded the company in 1956 to use data and analytics to improve decision-making. This focus has not changed really in all the years since - FICO is still [...]

First Look – SAS Viya

Back when I was attending the SAS Inside Intelligence analyst day they briefed us under embargo about their new Viya platform. This was announced today from SAS Global Forum. Ultimately all the SAS products will be moving to the SAS Viya platform and the platform is designed to ensure that all SAS products have some common characteristics: All [...]

Lisa Kart and Roy Schulte recently published a new research report Develop Good Decision Models to Succeed at Decision Management (subscription required). This is the first piece of formal research published by Gartner on decision modeling. Their introduction text says The industry trends toward algorithmic business and decision automation are driving wider adoption of the decision management [...]

I am faculty member of the International Institute for Analytics and Bob Morison has recently published some great research (to which I made a very modest contribution) on Field Experience In Embedded Analytics - a topic that includes Decision management. If you want access to the full research you will need to become an Enterprise Research [...]

I am co-hosting TDWI's Solution Summit on Business Innovation through Analytics and Big Data Architectures with Philip Russom, April 10-12 in Savannah, GA Business, analytics, and big data are colliding to create new and innovative ways of running a business, regardless of organizational size or industry. From one direction, organizations are collecting data from new sources, [...]

The Call for Speakers is open for DecisionCAMP 2016 until April 1st. This year DecisionCAMP will be hosted by the International Web Rule Symposium (RuleML) on July 7, 2016 at Stony Brook University, New York, USA. This event will aim to summarize the current state in Decision Management with a particular focus on the use of the Decision Model and Notation (DMN) [...]

Predictive analytics is a powerful tool for managing risk, reducing fraud and maximizing customer value. Those already succeeding with predictive analytics are looking for ways to scale and speed up their programs and make predictive analytics pervasive. But they know there is often a huge gap between having analytic insight and deriving business value from it - predictive [...]

Jan Purchase of LuxMagi and I are working away on our new book, Real-World Decision Modeling with DMN. Real-world Decision Modeling with DMN will be available from MK Press in print and Kindle versions in the coming months and I wanted to take a moment to talk about why Jan and I are the right people to be [...]

I am giving a webinar on Predictive Analytics Deployment to Mainframe or Hadoop with Mike Zeller of Zementis on Thursday, March 3, 2016 11:00:00 AM PST The big challenge for analytics-driven organizations today is closing the gap between deriving an analytic result and getting the ROI. Organizations need a consistent and efficient way to deploy analytic results [...]

Besides working on Real World Decision Modeling with DMN  I recently contributed a piece on the use of decision modeling for framing predictive analytics to The Big Analytics Book, a book being produced by the folks at AnalyticsWeek. AnalyticsWeek rounded up 60+ thought leaders in analytics, including yours truly, and got us all to write a [...]

As you may have noticed I am working on a new book - Real-World Decision Modeling with DMN - with Jan Purchase. Yesterday Jan had a great blog post - Why Decision Modeling? (In 1000 Words). Jan makes some great points, emphasizing the value of  decision modeling with DMN in: Transparency of the logic Separation  of [...]

I have just finished updating Enterprise Scale Analytics with R with new data from the Rexer Analytics Survey for 2015. As R has become more popular, the role of analytics has become increasingly important to organizations of every size. Increasingly, the focus is on enterprise-scale analytics—using advanced, predictive analytics to improve every decision across the [...]

I will kick off Predictive Analytics and Big Data 2016 in San Francisco with the opening keynote on Monday March 14 at 8:30am. Predictive Analytics and Big Data are more than just buzzwords – they are defining modern business in ways unimaginable even a decade ago. Organizations can now tap into vast oceans of internal and external data to gain insights, [...]

We are running our regularly scheduled, and highly reviewed, Introduction to Decision Management training again February 23-25, 10am-11:30am Pacific each time. Decision Management allows the effective automation of decision-making combined with increased business agility and greater effectiveness. Decision Management is a proven approach for adopting business rules and predictive analytics technology. Used with these technologies, [...]

Bill Fair, one of the founders of Fair Isaac, once said that to succeed with analytics you had to "grab the decision by the throat and don't let go". As Big Data and analytics become ever more central to organizations, and as more and more money is spent on analytics, this advice seems particularly timely. As [...]

I am giving a webinar with Sandy Kemsley on "Smarter Mobile Apps with Process and Decision Management", January 19th at 10am Pacific/1pm Eastern Mobile devices have gained enough traction with consumers and employees to require mobile applications as a part of an enterprise strategy. However, these mobile apps must be more than mere information presenters. In [...]

I am speaking at this year's Deluxe Exchange Feb 8-10 in Boca Raton, Florida. I am presenting on "How to Create Big Data Opportunities" at 10:30am Eastern on the 9th: Many companies today are struggling to take advantage of “Big Data.” Join James Taylor as he defines just we mean by Big Data, what it [...]

I have spoken at Predictive Analytics World a few times and it's a great event. Predictive Analytics World for Business is coming up April 3-7, 2016 in San Francisco. This is one of the best events for predictive analytics professionals, managers and commercial practitioners. The conference focuses on case studies about data science, on their business impact and [...]

I last got an update from Rapid Insight in 2014 and caught up again with them recently to discuss their 3.0 release. Rapid Insight was founded in 2003 and has over 200 client sites across education, healthcare and other companies. The product set is focused on predictive analytics, ad-hoc analysis and self-service data preparation. Rapid [...]

Gagan Saxena, also of Decision Management Solutions kicked off the first day of sessions for me at this year’s Building Business Capability show in Las Vegas. Gagan has been working on a large financial services client’s regulatory initiative and presented on the role of decisions and DMN-based decision models on regulatory compliance. A business architecture [...]