This was my first briefing on Statistica since I reviewed v11 in 2012. Statsoft was established in 1984 and acquired by Dell in March 2014. The product has been continuously developed to the point where it has over 16,000 integrated functions. Since acquisition, Dell has been focused on integrating it into Dell systems and processes [...]
entity extraction
Second day at Insight 2014 and the opening keynote is about transforming your industry. Mike Rhodin kicked things off by discussing how people think – by observing, interpreting what we see based on our experience and biases, and then we decide what we are going to do. But there is a limit to how well we can do [...]
FICO has just released Model Builder 7.4, the first “Big Data” release of their analytic modeling tool (I reviewed 7.2 here and the 7.4 press release is here). Four things make this release: Text analytics and semantic scorecards High Volume Processing with Hadoop – including algorithms moved to MapReduce R Integration And drifting away from Big [...]
The second in my series on the impact of Big Data on Decision Management Systems: The impact of Variety. Big Data involves adding more types of data, from more sources inside and outside of the organization, to your analytic toolkit. Social, mobile, local and cloud data sources are exploding and organization must find ways to [...]
Jason Verlen and Bernard Spang took one of the breakout sessions on analytic innovations. IBM, as noted yesterday, sees a progression of analytics from descriptive to predictive, prescriptive and ultimately cognitive. The purpose, of course, of big data and analytics is to drive better decisions. Managing big data is a necessary step but acts only [...]
Phil Francisco came up to talk about the new PureData System for Hadoop. He began by pointing out that just because something is open source does not mean there are not real costs involved. To make Hadoop adoptable and usable for enterprises, easier consumption is needed. Hence the PureData Hadoop appliance designed to simplify building, [...]
The Rule Management Group presented next to the OMG meeting on Decision Model Notation. The Rule Management Group is a Dutch firm focused on how to extract business logic from various sources when building decisions – especially on how to extract logic from text documents. They typically work with legal documents and legal experts to [...]
Running smarter is the key theme of the BI 4/EIM4 launch (though the online event is apparently not running at all, let alone running smarter). The launch of the two together – Business Intelligence and Enterprise Information Management –is deliberate on SAP’s part. Information is power and being able to discover, integrate, cleanse and use [...]
SAP Research is a hidden group almost with hundreds of researchers around the world working on a variety of projects like semantic interoperability, data management and analytics and more. For instance they have been using Google Wave (Gravity) for instance for collaborative BPM, some iphone applications and some cool technology using text analytics. We discussed [...]
