simulation

Teradata announced its intent to acquire Aster Data today. Obviously this is big news in analytics-land and I participated in a call where the two companies gave some quick information. The driver for the acquisition seems t be an increasing focus on generally unstructured and untapped data and expanding the Teradata portfolio into this adjacent [...]

I got a chance to catch up with Opera Solutions recently. A company that aims to improve “machine intelligence” and couple it with human insight to help companies with sustained profit growth, Opera has 400 staff worldwide with over 125 analytic scientists. This makes it a very large analytic solutions provider in a market dominated [...]

Toovio was founded by a group of ex-database marketers who have extensive consulting and implementation experience with various marketing, decision management, and analytics products. Their backgrounds in real-time/database marketing in terms of analytics, building tools and using existing products has led them to develop their own solution. What they call their “Service-as-a-Service” (I would call [...]

I got an update from TIBCO Spotfire recently, with my usual focus on operational decisions. Spotfire aim at what they call the analysis gap. Their customers typically have applications that are tailored and customized but too expensive to change, reporting that is widely distributed but inefficient (prompting users to use additional tools when needs change) [...]

I was reading this article on Have you tested your strategy lately? in the McKinsey Quarterly and I was struck by test 10: Have you translated your strategy into an action plan? This struck me because one of the most persistent problems I see in corporate strategy is what I call the “make it so” [...]

I got my first chance to catch up with Calpont recently. Calpont is a privately held company based in Frisco TX with 25 employees. They have been developing their analytics database technology over the past 2.5 years. InfiniDB Enterprise is the commercial product released in February 2010 and InfiniDB GPL version was launched in October [...]

IBM and MIT/Sloan recently published “Analytics – the new path to value“. This study had a lot of interesting points and was very decision management centric in my mind. Some thoughts: The main challenges for companies adopting analytics were innovating to be deliver competitive differentiation and growing revenue. Reducing costs, gaining efficiencies and profitably retaining [...]

Syndicated from ebizQ Last week Carole-Ann posted on 2 MegaTrends at Business Rules Forum 2010. I normally agree with a lot of what she has to say but this time I am going to have to take exception to one of her points. Her second mega trend is that innovation has dried up in the [...]

The folks from SPSS and ILOG presented on Decision Management – Aligning Organizational Strategy with Day-to-Day Operations. I have blogged before about SPSS Decision Management and Modeler products. Before acquiring SPSS, IBM talked about the move towards optimizing decisions – replacing sense and respond with predict and act, becoming more fact-driven in real-time and driving [...]

I got an update from Pegasystems recently, mostly to talk about how the integration of Chordiant is going. I shared my original thoughts on the Pegasystems/Chordiant combination at the time but this was my first chance to chat with them since then.  Pegasystems continues to do well with its  12th record revenue quarter and climbing [...]

I caught up with DataInfoCom recently – a research-oriented software company headquartered in Austin, Texas. Their focus is on what they call Predictive Decision Management. Their software product, OSMOSYS, delivers predictive decisioning over the Internet – Decisions as a Service or DaaS as I call it. Their customers include a couple of well known, Fortune [...]

I got a chance to chat with Data Applied, a new start up that, like Clario (reviewed previously), offers real data mining in the cloud. This product is aimed at business users and is a very data-centric, web-based application for visualization and data mining/deep analysis. They are targeting folks with hundreds of thousands of records [...]

Syndicated from ebizQ I got an interesting comment on my recent post about the top 4 concerns of CIOs. Joanne makes a number of points in her comment that I thought should be addressed: a business rules engine is not nearly enough. What is needed instead is a means to model manage and measure the [...]

I presented this morning on Advanced decisioning for process excellence and Sandy Kemsley wrote a nice summary over on her blog Column 2 : Advanced decisioning #GartnerBPM. I gave the session again as a webinar and the recording is available here. I am going to give the session as a webinar on Thursday of this [...]

Jim Sinur is up next on optimization and simulation. The world is changing fast so he sees the use of optimization and simulation becoming broader than its traditional role of improving existing process. Optimization and simulation allows: Try new processes in a safe environment Give business people power to try changes before they go live [...]

Syndicated from ebizQ Last week I wrote a piece on the risks of pursuing BPM without decisioning. As promised, here are some thoughts on how to get started. Identify your decisions Step one is to find and name and manage the decisions that matter to your processes. Finding decisions is not always that easy, though [...]

Syndicated from ebizQ Inspired by this post by Vijay on Art of Software Reuse (Risks With Pursuing BPM Without SOA) I thought I would write something about the risks of pursuing BPM without decisioning – without decision management. When BPM is pursued without pursing decision management in parallel the direct consequence is that decisions become [...]

ILOG, now an IBM company, is releasing the 7.0 version of their business rule management system (BRMS) family tomorrow (June 17th). Based on the demonstrations I saw, these mark a big step forward for the ILOG product range. I am going to post a full review tomorrow but I thought I would give everyone a [...]

I got an update on Vitria for the first time in a few years a little while back. Vitria started back in 1994 with Enterprise Application Integration capabilities and has added Business Process Management, Business Activity Monitoring and ultimately Business Event Management/Complex Event Processing functionality over the last few years. They are using “Operational Intelligence” [...]