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Predictive Analytics

Big Data: Will Open Source Software Challenge BI & Analytics Software Vendors

February 4, 2012 by Harish Kotadia, Ph.D.
with 159 views
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Image by Berkeley T. Compton via Flickr

Predictive Analytics has been billed as the next big thing for almost fifteen years, but hasn’t gained mass acceptance so far the way ERP and CRM solutions have. One of the main reason for this is the high upfront investment required in Software, Hardware and Talent for implementing a Predictive Analytics solution. As a result, only... [read more]

Revolution Analytics Hosts Contest on Business Predicting the Future

February 3, 2012 by David Menninger
with 42 views
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Lukiyanova Natalia / frenta/shutterstock

What software vendors, industry analysts and others call predictive analytics may be described more accurately as data mining. Data mining includes both predictive and descriptive analytics. Predictive analytics is used to predict future occurrences, such as the likelihood of an individual customer purchasing a particular product. [read more]

Analytic Applications are Built by Data Scientists

February 2, 2012 by David Smith
with 196 views
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Photo by Torley via Flickr

Ventana Research analyst David Menninger was on the judging panel for the Applications of R in Business contest. In a post on the Ventana research blog, he offers his perspectives on the contest, noting that R, as a statistical package, includes many algorithms for predictive analytics, including regression, clustering, classification,... [read more]

Is Social Analytics Better at Tracking Disease?

January 27, 2012 by Brett Stupakevich
with 112 views
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This type of analytics falls right in line with what Vivek Ranadivé, TIBCO’s founder and CEO says about the two-second advantage, “A little bit of the right information, just a little bit beforehand – whether it is a couple of seconds, minutes or hours – is more valuable than all of the information in the world six months later . . . this is the two-second advantage.” [read more]

The Data Analytics of the NFL Playoffs

January 20, 2012 by Brett Stupakevich
with 171 views
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Jeff MacGregor, a senior writer for ESPN.com, made a good point this past week: “If stats, science, and analysts really predicted the outcome, would we watch?” His piece centered on quarterbacks and the fact that no one who predicted the “Year of the Quarterback” would have Eli Manning beating Aaron Rodgers. [read more]

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What’s Next – Predictive Scores for Healthcare?

January 17, 2012 by Paul Barsch
with 240 views
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Molodec/shutterstock

New gene sequencing technologies are now making it feasible to read an individual’s DNA for as little as $1,000 USD. If there is predictive value in reading a person’s gene sequence, what are implications of this advancement? And will healthcare data privacy laws be enough to protect employees from discrimination? [read more]

Data Mining Book Review: Decision Management Systems

January 16, 2012 by Sandro Saitta
with 231 views
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I recently read the last book from James Taylor, Decision Management Systems: A Practical Guide to Using Business Rules and Predictive Analytics. As a data miner, I was interested by the subtitle of the book. Although, the book is really well written, I’m a bit disapointed regarding the content for someone in analytics. I was expecting... [read more]

Big Data, Big Mistakes?

January 16, 2012 by Barry Devlin
with 303 views
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My worry is that there seems to be a growing belief in the somehow magical properties of big data and a corresponding deification of those on the leading edge of working with big data and predictive analytics. What's going on? [read more]

9 Funky New Tech Job Titles for the 21st-Century Organization

January 11, 2012 by Joe McKendrick
with 193 views
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ComputerWorld’s Mary Pratt just published what may be some key emerging tech job roles for the 21st-century organization. Anyone have these titles yet in their companies? My suspicion is that many of these job descriptions already exist, and are being absorbed into existing positions. [read more]

How the Consumerization of Data Leads to More Quality of Life Improvements

January 11, 2012 by Brett Stupakevich
with 112 views
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In the second post of our series about how people everywhere can use data and tools to make the world a better place, we told you about the potential of big data to advance important social goals in areas such as disease surveillance, student curricula, and microcredit. [read more]

Maximizing Capacity Utilization as a Startup Premise

January 5, 2012 by Chris Dixon
with 54 views
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Karen Gentry/shutterstock

In stark contrast to other major airlines, Southwest has been profitable for 40 years. If Southwest had one core “startup premise” it was this: for every second the planes sat on the ground, their airplanes and people were costing them money but not generating revenue. So Southwest designed an airline from the ground up that... [read more]

What Enterprises Can Learn from Major Events and Surprises in 2011

December 30, 2011 by David Menninger
with 79 views
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Rather than make predictions for 2012, which are everywhere right now, I want to look back at some of the surprising events of 2011. I think it’s worth considering what happened that wasn’t expected and what these things might tell us about the information technology market. Here, in no particular order, are the most important ones I see. [read more]

2012 Health IT Spending & Trends

December 29, 2011 by Thu Pham
with 406 views
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Michelangelus/shutterstock

The healthcare IT market is rapidly growing and expected to continue through 2016. Here’s a look at 2012 health IT spending trends and a review of 2011. [read more]

Alberto’s Business Analytics Predictions for 2012

December 28, 2011 by Alberto Roldan
with 360 views
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Harris Shiffman/shutterstock

As business analytics projects proved their measurable value within companies, I believe that in 2012 we will continue to see a mathematical increase in the number of companies that use business analytics. My predictions for 2012 are not in order of importance. [read more]

Big Data Analytics - Volume, Variety, Velocity

December 26, 2011 by Sandeep Raut
with 328 views
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"Today, enterprises are exploring big data to discover facts they didn’t know before. This is an important task right now because the recent economic recession forced deep changes into most businesses, especially those that depend on mass consumers." [read more]

BI 2012 Predictions - No Way!

December 19, 2011 by Barry Devlin
with 332 views
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It's that time of year when every analyst worth his or her salt is making predictions for the coming year.  Acquisitions.  Big data.  Mobile BI.  Cloud.  Social media.  Predictive analytics... hey! Wait a minute!My question is: how many of these predictions about BI 2012 are based on the use of predictive... [read more]