Recently we have posted on the Decision Management Solutions blog about a couple of interesting pieces of McKinsey research that discuss the unfortunate truth – most companies are NOT succeeding with advanced analytics. First, there’s this general research How More Companies Can Maximize the Potential of Analytics: “Senior executives tell [McKinsey] that their companies are struggling to [...]
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The Rexer Data Science survey is one of the best and longest running polls of data mining, analytic and data science professionals. I regularly refer to it and blog about it. It’s time to take this year’s survey – and the survey is aimed at all analytic people, no matter whether they consider themselves to be Data Analysts, [...]
Equifax has been expanding beyond credit bureau data in recent years by providing better access to a broad range of their own fraud, employment, wealth, commercial and alternative data sources as well as 3rd party data to position themselves as an insights company. As part of this focus, their Decision Management platform, InterConnect, was rebuilt [...]
Second keynote at IBM’s World of Watson is on the role of cloud and data as the foundation for cognitive systems and businesses. Bob Picciano from IBM’s analytics business kicked things off. Bob began with a discussion of how IT’s value has changed – from a focus on processing and how fast/cheap it can be done to a [...]
I am attending IBM’s World of Watson and will be blogging as much as I can. First up is a two-part session on Advanced Analytics and how you can put advanced analytics at the heart of a Cognitive strategy. Paul Zikopoulos kicked things off talking about the potential for data to transform business and the [...]
I recently got a chance to catch up with the IBM SPSS team for an update. Analytics, in IBM’s view and mine, are increasingly necessary as digitization increases the scale of business data and digital disruptors increase the difficulty of making good decisions. For those being disrupted analytics offers a powerful way to fight back. [...]
Back when I was attending the SAS Inside Intelligence analyst day they briefed us under embargo about their new Viya platform. This was announced today from SAS Global Forum. Ultimately all the SAS products will be moving to the SAS Viya platform and the platform is designed to ensure that all SAS products have some common characteristics: All [...]
Jan Purchase of LuxMagi and I are working away on our new book, Available now! Real-World Decision Modeling with DMN and one of the questions we have been asking ourselves is who we are aiming the book at – who builds decision models? Jan had a great post on Who Models Business Decisions? recently to address this question and I wanted [...]
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 at the SAS Inside Intelligence event in Steamboat getting the annual update on all things SAS. First session of the day is the Executive Viewpoint. Jim Goodnight and Randy Guard kicked things off. Creating a single global organization was a big part of last year with legal, finance, sales, marketing and more becoming global [...]
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 [...]
Final session today focused on systems and architecture for Big Data Analytics. It began by talking about the friction between business and IT and how this is increasing, especially around information and analytics where business users want to be able to work with data without worrying about IT. This creates challenges for IT specifically: The [...]
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 [...]
I got a briefing from a company that’s new to the US but that I have been aware of for a while – BusinessOptics. The company was founded in South Africa and started about four years ago. The product itself was first released about two years ago and the initial customers are primarily in South [...]
John Thume wrapped up the day with a session on Aster Operationalizing Analytics and the new Aster AppCenter. Success in Big Data Analytics requires several things he said: It’s all about People and Process not technology he says. The technology has evolved hugely but the people and the process they have to change remain challenging. [...]
As part of my ongoing series of interviews with analytic practitioners I caught up recently with Matthew Kitching, Senior Data Scientist at Apption. 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. Apption is [...]
I am giving a webinar with FICO on March 25th at 11am Pacific/2pm Eastern on “Identifying the Right Analytic Capabilities in the Era of Big Data” There is an increasingly broad portfolio of analytic capabilities available to enterprises today. These range from traditional Business Intelligence capabilities like reporting and ad-hoc query to modern visualization and [...]
Predixion released 4.0 of Predixion Insight in October 2014 and I got a product update recently. First, some quick background on Predixion: They started back in 2009 based in California and Washington and recently added an office in Europe. 70 employees now with a core set of partners and investors. Their focus is on making [...]
It’s clear when you analyze analytic capabilities that there are three main reasons people use analytics: A need to report on some aspect of the organization A need to monitor the organization’s behavior or performance A need for the organization to make data-driven decisions As part of my recently completed research on the analytic capability landscape, [...]
I have recently completed some research on the increasingly broad portfolio of analytic capabilities available today. These capabilities range from traditional Business Intelligence (BI) capabilities like reporting and ad-hoc query to modern visualization and data discovery capabilities as well as data mining and advanced analytics. These capabilities are often presented as part of a maturity curve, where [...]