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 [...]
operational system
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 [...]
I am giving a webinar on How to Succeed with Advanced Analytics at Scale on October 15 at 10am Pacific/1pm Eastern Leading organizations today are looking to scale their advanced analytics capabilities, especially data mining and predictive analytics, to improve business performance, reduce fraud and improve customer responsiveness. However traditional analytic project approaches are hard [...]
I am giving a webinar with IBM on Transforming Operational Systems: Analytics and Decision Management, August 11 at 11am Eastern Organizations today face rapidly changing environments where operational systems need to do more than just process high volume transactions quickly. They must also be able to execute informed business decisions for greater customer service and personalization. This [...]
I am giving a webinar with Matt Kitching, Senior Data Scientist at Apption at 10am Pacific, May 27 on The Value of Predictive Analytics and How Using Decision Modeling Helps You Succeed Successful predictive analytic projects follow a well defined approach from requirements to modeling, implementation and deployment, embedding the analytic results in operational systems that [...]
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 [...]
Continuing my series on standards in Predictive Analytics I am going to talk first about PMML. PMML is an XML standard for the interchange of predictive analytic models developed by the Data Mining Group. The basic structure is an XML format document that contains a header, a data dictionary, data transformations and one or more models each [...]
This week’s white paper is Putting Predictive Analytics to Work We have recently updated this white paper on using Decision Management to make your operational systems analytical and improve customer treatment. Applying predictive analytics to operational decision making is the next wave of business innovation. Operational decisions drive interactions and determine the actions taken by [...]
The old way: Big data is a hot topic. Big Data was coined as a term by Gartner to mean data that has Volume (more data), Variety (of many types) and Velocity (that arrives more rapidly). Value is extracted from big data using advanced analytics such as data mining and predictive analytics. This data can [...]
Adaptive Planning was founded just over 10 years ago to deliver cloud financial planning solutions. They have about 1,600 customers across all industries in 80 countries with about 400 partners worldwide. Focused on management planning, reporting, consolidation and analysis they are increasingly in use beyond the finance organization, moving into sales and other operational areas. [...]
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 [...]
Bob Picciano and Les Rechan came up next to discuss Big Data and Analytics: Fueling Competitive Advantage in the New Era of Smart. Five years ago IBM launched the Smarter Planet initiative. On a smarter planet, they say, everything is connected and instrumented and this is reflected in the explosion of Big Data. To drive value [...]
I am speaking with Dean Abbott at the TDWI Executive Summit in San Diego, August 20th at 4:15pm on Ten Best Practices in Operational Analytics One of the most powerful ways to apply advanced analytics is by putting it to work in operational systems. Using analytics to improve the way every transaction, every customer, and every website visitor [...]
Day 2 at IBM IMPACT kicked off with another IBM keynote. Dave Farrell got it started telling us that IBM got record attendance this year and that customers will be talking about how “business in motion” has helped them. First up is Jim King of BMI – a licensing and rights management company in the [...]
Precog was founded in late 2010 to solve the challenges identified by the founder when he was working on developing an online advertising platform. An online ad platform generates a tremendous amount of data, data that can be used to target ads or select specific creative for an ad, but managing and using this data [...]
One of the sessions I am most looking forward to is next – Ryan Schmiedl and SAS’ view of Decision Management. Ryan kicks it off with examples of operational decision making – credit card approvals, car loan approval, claims payment. Decisions about transactions made in real-time or near real-time. These systems, Decision Management Systems, embed [...]
Analytics magazine recently published an article I wrote on Operationalizing Analytics. The need to create a more industrialized process for building and deploying analytics is one I discuss regularly on the blog and in articles. As I say in the article: To broadly and effectively adopt predictive analytics organizations must operationalize analytics. Operationalizing analytics requires [...]
Enterprise Architects partner with the business to help them take full advantage of the technologies that their organizations are using, or should be using. They map technologies to the business requirements, ensure that technologies are applied cost-effectively and for maximum business benefit. Why do Enterprise Architects want Decision Management? Many Enterprise Architects are chartered with [...]
6. My new operational system will do that One of the “hardy perennials” when it comes to technology is that some new system already in the works will address the problem. In the case of decision automation this can take the form of “my new package includes that process/decision” or “my new package already has [...]
#9: I would like to invest in business rules and decision management but my manager just doesn’t get it This excuse typically arises because “decisions” are too generic to get management attention. Instead, focus on how automating decisions can help with more precise pricing, customer retention or cross-sell offers, better consistency when coping with staff [...]
