I am in the process of gathering survey data for the TDWI Predictive Analytics Best Practices Report. Right now, I’m in the data analysis phase. It turns out (not surprisingly) that one of the biggest barriers to adoption of predictive analytics is understanding how the technology works. Education is definitely needed as more advanced forms … Continue reading Deathtrap: Overlearning in Predictive Analytics
Next in my discussion of big data providers is IBM. Big data plays right into IBM’s portfolio of solutions in the information management space. It also dove tails very nicely with the company’s Smarter Planet strategy. Smarter Planet holds the vision of the world as a more interconnected, instrumented, and intelligent place. IBM’s Smarter Cities … Continue reading Four Vendor Views on Big Data and Big Data Analytics: IBM
For more years than I like to admit, I have been focused on the importance of managing data so that it helps companies anticipate changes and therefore be prepared to take proactive action. Therefore, as I watched the market for predictive analytics really emerge I thought it was important to provide customers with a holistic … Continue reading The Inaugural Hurwitz & Associates Predictive Analytics Victory Index is complete!
Earlier this week, Informatica announced the release of the Informatica 9.1 Platform for Big Data. The company joins other data centric vendors such as EMC and IBM by putting its stake in the ground around the hot topic of Big Data. Informatica defines Big Data as, “all data, including both transaction and interaction data, in … Continue reading Informatica announces 9.1 and puts stake in the ground around big data
In 2011 analytics will take center stage as a key trend because companies are at a tipping point with the volume of data they have and their urgent need to do something about it. So, with 2010 now past and 2011 to look forward to, I wanted to take the opportunity to submit my predictions … Continue reading Five Analytics Predictions for 2011
Advanced analytics is currently a hot topic among businesses, but who is actually using it and why? What are the challenges and benefits to those companies that are using advanced analytics? And, what is keeping some companies from exploring this technology? Hurwitz & Associates would like your help in answering a short (5 min) survey … Continue reading Who is using advanced analytics?
With 2010 now upon us, I wanted to take the opportunity to talk about five advanced analytics technology trends that will take flight this year. Some of these are up in the clouds, some down to earth. Text Analytics: Analyzing unstructured text will continue to be a hot area for companies. Vendors in this space … Continue reading Five Predictions for Advanced Analytics in 2010
There has been a lot of excitement in the market recently around business analytics in general and specifically around predictive analytics. The promise of moving away from the typical rear view mirror approach to a predictive, anticipatory approach is a very compelling value proposition. But, just how can this be done? Predictive models are complex. … Continue reading Operationalizing Predictive Analytics
I just got back from the IBM Information on Demand (IOD) conference in Las Vegas. A key message was that the future is in analytics and predictive analytics at that. IBM has already invested $12B ($8B acquisitions, $4B organic growth) in analytics since 2005. Its recent purchase of SPSS has enabled the company to put … Continue reading Is it Possible to Make Predictive Analytics Pervasive?
IBM has dominated a good deal of the news in the business analytics world, recently. On Friday, it completed the purchase of SPSS and solidified its position in predictive analytics. This is certainly the biggest leg of a recent three-prong attack on the analytics market that also includes: Purchasing Red Pill. Red Pill is a … Continue reading Four reasons why the time is right for IBM to tackle Advanced Analytics