predictive analytics

MITSloan Article: Four traps of predictive analytics

August 27, 2014

Michael Fitzgerald wrote a great piece of the MIT Sloan Management Review this week - The Four Traps of Predictive Analytics. Michael saw me present at an event for Predixion in Boston and then went on to chat with me a couple of times. It’s a great piece, highlighting four critical issues around predictive analytics:

The need [...]

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Some thoughts on KDNuggets’ top trends ahead of Strata Hadoop NYC

August 21, 2014

Gregory over at KDNuggets had an interesting post with some Top Analytics and Big Data trends ahead of Strata Hadoop NYC Conference based on input from their readers. Three trends struck me:

The challenge of communicating complex analyses to non-technical clients/partners
We are having increasing success using logical decision models to show how data and analytics drive better decision making. [...]

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Measurement, behavior, decisions and KPIs

August 7, 2014

One of the students on my UCI Class Business Goals for Predictive Analytics quoted his mentor in a discussion we were having about cross-referencing metrics or KPIs with the decisions that influence them.
 
Only measure those things you are willing to change and be willing to change the things you measure.
 
I really liked this quote because [...]

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Live Event: Insurance Analytics Symposium 2014: Industrializing Analytics

August 5, 2014

[ October 17, 2014; 6:45 am to 7:15 am. ] I am speaking on Industrializing Analytics for Better Decisions Everywhere at the Insurance Analytics Symposium in New Orleans, October 17.
Insurers of all sizes know they must adopt analytics, especially predictive analytics, to maximize the value of their customers, manage risk and compete effectively. One-off, ad-hoc approaches to analytics can demonstrate the value of analytics but [...]

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Two live events in July on Predictively Enabling Your Organization

July 17, 2014

I am presenting at a couple of evening events in July on Predictively Enabling your Organization. Sponsored by Predixion, these events will introduce you to predictive analytics and will share practical tips on how to leverage predictive analytics to improve results across your business. I’ll discuss the power of Predictive Analytics, how to get started and how to [...]

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Webinar: Up Your R Game

July 15, 2014

[ July 29, 2014; 10:00 am to 11:00 am. ] I am giving a webinar Up Your R Game with Bill Franks of Teradata on July 29th at 1pm Eastern time:
Open source R is no longer a fad or a tool used in the academic world. According to the Rexer survey,* R is the analytic software of choice for data scientists, business analysts, and data miners [...]

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Live Event: Predictively Enabling Your Organization (Chicago)

July 15, 2014

[ July 30, 2014; 2:00 pm to 5:00 pm. ] I am speaking at a Predixion hosted event on Predictively Enabling Your Organization, 4-7pm on July 30 in Chicago:
Predictive Analytics are something every organization wants – the potential pay-off is huge – but not every organization understands how to leverage them correctly. James Taylor, an analytics expert and author, will simplify it for you by sharing [...]

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Webinar: How Global Leaders are Achieving Success with Predictive Analytics in the Cloud

July 14, 2014

[ July 24, 2014; 11:00 am to 12:00 pm. ] I am giving a webinar with FICO on How Global Leaders are Achieving Success with Predictive Analytics in the Cloud, July 24th at 2pm Eastern.
Analyst James Taylor answers the question: Are Companies Adopting Predictive Analytics in the Cloud? And, if so, how are they approaching it and overcoming obstacles to success?

Mr. Taylor recently surveyed hundreds of [...]

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Live Event: Predictively Enabling Your Organization (Boston)

July 11, 2014

[ July 23, 2014; 1:00 pm to 4:00 pm. ] I am speaking at a Predixion hosted event on Predictively Enabling Your Organization, 4-7pm on July 23 in Boston:
Predictive Analytics are something every organization wants – the potential pay-off is huge – but not every organization understands how to leverage them correctly. James Taylor, an analytics expert and author, will simplify it for you by [...]

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40% discount on my book thanks to IBM Press

July 3, 2014

IBM Press is 10 years old this month and to celebrate all books and eBooks are 40% off through the end of July! You can buy my book, Decision Management Systems: A Practical Guide to Using Business Rules and Predictive Analytics and get this discount. Just buy it here and use discount code IBM10YEARS during checkout.

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Decision Management Systems Past and Future: A video

July 2, 2014

A short video in which I discuss the past and future of Decision Management as part of celebrating IBM Press’ 10th year.

I published Decision Management Systems:A Practical Guide to Using Business Rules and Predictive Analytics with IBM Press at the end of 2011 and you can but it direct from IBM Press here or amazon.com here.

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First Look: Teradata Aster R

June 26, 2014

While R has become very popular in recent years the fact remains that as an open source product it has some scalability and performance issues (discussed in our paper on Standards in Predictive Analytics for instance). Base open source R is not really designed for the kind of large data volumes, Big Data, that are [...]

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Great Hurwitz Report on Predictive Analytic tools

June 24, 2014

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 for [...]

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Webinar: 6 Opportunities for Business Improvement with Decision Management

June 23, 2014

[ June 25, 2014; 9:00 am to 10:00 am. ] I am giving a webinar on “6 Opportunities for Business Improvement with Decision Management” Wednesday June 25 at 9am Pacific/Noon Eastern.
What opportunities are you looking for to improve your business performance? In this webinar you will learn six opportunities that are readily available when you adopt a decision management approach to business rules and predictive [...]

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Alteryx Inspire 14 Influencer Summit – Product General Session

June 18, 2014

My final session of the event is George Mathew’s General Session on the product and its roadmap. George recapped Alteryx’s laser focus on data analysts – who make up a big chunk of the audience here – and their focus on making the next best decision. It’s great to see the focus on decision-making not just [...]

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A Q&A on the role of decision modeling in analytics

June 18, 2014

Jim Powell just published a Q&A with me on Using Decision Management to Maximize Analytics. We covered a bunch of things:

What, exactly,is decision management and what does it have to do with advanced analytics?
What’s the history of decision management – where did it come from and does it work?
What kind of decisions are we talking about [...]

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Webinar: 6 Opportunities for Business Improvement with Decision Management

June 13, 2014

[ June 18, 2014; 9:00 am to 10:00 am. ] I am giving a webinar at 9am Pacific on June 25 – “6 Opportunities for Business Improvement with Decision Management”
What opportunities are you looking for to improve your business performance? In this webinar you will learn six opportunities that are readily available when you adopt a decision management approach to business rules and predictive analytics. [...]

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IBM Big Data & Analytics: Analytics and Fighting Fraud

June 12, 2014

An update next on IBM’s solution for counter-fraud.  For IBM fraud involves an intentional act that misrepresents and is both illegal and designed for financial gain. They further divide this into organized and opportunistic fraudsters for whom different kind of detection is required. Fraud is growing problem because:

Fraud schemes are increasingly sophisticated with organized crime moving it [...]

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IBM Big Data & Analytics: Transform adoption with cloud

June 11, 2014

Cloud, says IBM, is changing people’s expectations – they want the same kind of pricing, time to value, flexible access, ease of install for analytics that they get from other cloud applications. IBM is therefore very focused on delivering analytics in the cloud through a mixture of private, public and hybrid clouds. They are going to use [...]

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IBM Big Data & Analytics: Deepen Business Relevance

June 11, 2014

Glenn finch and John Murphy talked about deepening business relevance. The challenge, he says, with much of the work around analytics and data is how easily it drops into discussions of security, integration, scalability, performance etc. What clients care about though is business relevance – business value – being created by the use of this plumbing. [...]

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