AI is a hot topic and we get asked a lot by clients how they can succeed with AI or cognitive technology. There’s often a sense of panic – “everyone is doing AI and we’re not!” – and a sense that they have to start a completely separate initiative, throw money at it and hope [...]
Text Analytics
I recently worked with Tho Nguyen of Teradata on a white paper called Illuminate Dark Data for Deeper Insights While organizations of all sizes across all industries are keen on becoming data-driven, most focus on only a fraction of the many types of available data. Not accessing a fuller spectrum of data, including those from “dark [...]
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 [...]
Next up at the SAS Inside Intelligence event are some technology highlights, each based around a day in the life of a particular role. Much of this is under NDA of course. Ryan Schmiedl kicked off with a quick recap of last year’s technology – 150 significant releases across the SAS focus areas. In analytics for instance Factory [...]
I am co-hosting the TDWI Solution Summit “Maximizing your Analytics Investment: Innovative Business through Predictive & Advanced Analytics” with Fern Halper, May 31-June 2 in San Diego. Join an exclusive, hosted gathering of experienced professionals, industry thought leaders, and top solution providers for real-world tips and best practices to help you harness the power of [...]
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 [...]
IBM has recently released IBM SPSS Modeler 16 with three distinct packages: Professional with everything for structured data Premium adds text analytics, entity analytics and social network analysis Gold adds the Decision Management capabilities to the Premium package IBM SPSS Analytical Decision Management (ADM) will increasingly be included in the IBM SPSS Modeler Gold package [...]
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 [...]
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 [...]
Larry Rosenberger, FICO Research fellow, ex-FICO CEO and generally fascinating analytic thinker was up next to discuss analytics and the internet of things. For all the “speculative” in the title, Larry things the whole area of the internet of things is becoming more real and less speculative. Larry began by defining the internet of things. [...]
Stuart Wells, the CTO of FICO, came up to give the keynote and talk about FICO’s big cloud announcements: FICO Cloud-based Decision Management Platform (announcement here) FICO Analytic Cloud (announcement here and sign up here) Customer engagement applications on this cloud platform announcement here (discussed also in this blog post). Stuart began with a couple of stories. [...]
It has been a while since I was updated on IBM SPSS Modeler and I got an update from IBM recently. IBM SPSS Modeler is, of course, IBM’s primary data mining and predictive analytics workbench. It uses a standard workflow metaphor, letting you string together nodes that process data, run algorithms, score data, etc. Both [...]
Les Rechan came up to discuss “realizing the value” with analytics for big data. Les reminds us that analytic organizations out perform others so its about using analytics not just data. Again he’s focused on time to insight (where I think the focus should be time to action, not insight). Anyway he is focused on [...]
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, [...]
Next up is Inhi Suh focusing on the Big Data platform announcements. She began by reiterating the various use cases Bob mentioned earlier: Enrich your information base by analyzing more data faster Improve customer interaction with richer view of customer Reduce risk and prevent fraud in security/intelligence Optimize infrastructure and monetize data Gain IT efficiency [...]
I got an update from the folks at Teradata on the Teradata Aster platform recently. I have been briefed on various partnerships around Teradata before – they are very active working with analytics providers on making sure that in-database analytic engines work on Teradata – but had not been briefed specifically on Teradata Aster. Aster [...]
I got an update on release 8.0 from Angoss last year and they subsequently released 8.5 in November 2012 with new functionality in KnowledgeSTUDIO and KnowledgeSEEKER. Particular improvements came in their additive scorecard interface with the addition of reject inference. Data visualization and reporting got an update too and they added the ability to import [...]
I have previously written about Angoss and its products (most recently this post on their 7.5 release) and recently got an update. As a company Angoss is focused on delivering data mining and predictive analytics to improve performance in sales, marketing and risk. They have a set of products for desktop, client/server and cloud-based and [...]
