Monday, January 14, 2013

Analytics Vendors Must Make Prediction Easier

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  Monday, January 14, 2013
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Doug Henschen <dhenschen@techweb.com>
Doug Henschen
 
 
There were few surprises in the rankings in a "Forrester Wave: Big Data Predictive Analytics" report released last week, but the analyst firm had urgent advice for SAS, IBM, and eight other vendors evaluated in the report: Make predictive analytics more accessible to business users.

The 10 vendors in the report are, in Forrester's ranked order, SAS, IBM, SAP, Tibco, Oracle, StatSoft, KXEN, Angos Software, Revolution Analytics, and Salford Systems. The rankings are based on 51 evaluation criteria rolled up into 13 overall scores on current product offerings, company strategy, and market presence.

In addition to providing abstracted, business-user-oriented interfaces, the path to eliminating complexity from predictive analytics--whether from commercial products or open-source environments like R--will be to take advantage of automation and machine-learning, Forrester said. The idea is to automatically test a variety of algorithms and implement the most effective ones without forcing users to go through complex, iterative testing.

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Doug Henschen
Executive Editor, InformationWeek

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NEWS & ANALYSIS
Big Data Analytics Masters Degrees: 20 Top Programs
These one-year and two-year graduate programs are just what's needed to close the big data talent gap. Read on to find a school that fits your ambitions and background.

Big Data Master Plan: Time To Start
What's your big data strategy? Not sure? You're not alone. One of the problems with implementing a big data plan is that quite often people are confused by the term "big data." They're unsure of its meaning and what it entails, according to Information Builders Chief Marketing Officer Michael Corcoran.

BI Services Market Predicted To Double By 2016
CIOs will increasingly draw on business intelligence and analytics outsourcing firms to help deliver timely business insights to users, says one U.K. technology research firm.

AgilOne's Cloud Service: Predictive Analytics On A Budget
AgilOne targets retailers lacking the technical infrastructure or personnel to develop a predictive customer model in-house.

JOIN THE CONVERSATION
Posted By kevinwallace:
"Big Data is less about data gathering and more about first figuring out what actions you could take, then what data you need to drive such actions. To chase data first, as opposed to actions, is to boil the ocean to catch a fish. You process way more data than you need, becoming pre-occupied with how much data you're collecting, tech infrastructure, and other stuff, as opposed to helping make concrete business decisions. Find out how much data you actually need."


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COMMENTARY
How To Fill Big Data Talent Gaps Fast
By Doug Henschen
Consider training current employees or recruiting from our list of analytics master's degree programs.

Reading This Column Will Cost You 0.4 Micromort
By Imre Kabai
It pays to assess risk properly in making IT and other big decisions. Here's what not to do.

 
REPORTS & WHITEPAPERS
FEATURED REPORTS
Research: 2013 Analytics & Info Management Trends
Five years ago, many companies were standardizing on one or a few business intelligence products, and interest in advanced analytics was just starting to grow. But that's all changed.

Experimentation is back, according to our 2013 InformationWeek Analytics, Business Intelligence, and Information Management Survey. Companies of all sizes and across many different industries are using analytics, and veteran users are going for new levels of sophistication. In addition, five years ago, big data analysis was in its infancy; today it's a fast-growing niche within the analytics, BI, and information management domain.

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RESOURCES AND EVENTS
IT Strategies For High-Performing Government Buildings
The federal government wants buildings that are more energy-efficient and sustainable and that operate at lower cost. GSA's goal is to upgrade offices across government to have "zero" environmental impact. How will we get there? IT teams have an important role to play in the automation and technology-enabled management of public buildings. (Free registration required.)

It happens January 15, 2013.


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