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 [...]
predictive analytics
Jan Purchase of LuxMagi and I are working away on our new book, Available now! Real-World Decision Modeling with DMN and I wanted to take a moment to talk about why Jan and I are the right people to be writing this. Our aim is to provide a comprehensive book that explains decision modeling as well as the DMN standard and [...]
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 – Available now! 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 [...]
Jack Philips kicked off this year’s International Institute for Analytics Chief Analytics Officer Summit emphasizing the power and pervasiveness of analytics. Analytics, he says, is a classic disruptive innovation with most companies seeing a slow start and then a sudden inflexion point to rapid adoption and growth. Now the challenge is how to scale analytics, [...]
Next up at IBM Insights is the Advanced Analytics keynote with a focus on how to get insight out of all these new data sources and infrastructure. The session is focused on Spark, on hybrid cloud-on premise solutions and on trusted data. Companies are moving up maturity curve they say, moving from cost reduction to [...]
My second session at IBM Insight is Hamilton Faris Chief Data and Analytics Officer of MetLIfe – a past customer of ours – talking about Predictive Analytics. MetLife of course is a big insurer with 100M customers in 47 countries. The group Hamilton runs focuses on bringing analytics to the forefront of the decision-making process [...]
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 a faculty member for the International Institute for Analytics (IIA). I have been working on some research on framing predictive analytics project requirements. As part of this research I have published an IIA research brief and recorded a briefing. These discuss decision modeling, a new technique for framing a business problem so it can be [...]
I am giving an online class Introduction to Decision Management in three 90 minute sessions November 17,18,19 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, Decision Management improves risk management and [...]
