Category: Predictive analytics
Greg Borenstein takes on what he sees as the dominant view among the elite geeks at FooCamp in a recent blog post. According to Borenstein, the theme embraced at FooCamp was "big data will save us."
Borenstein raises some excellent points about how we think about big data, and where the whole concept may be going. Just because we have massive amounts of data doesn't mean we know how to use it, or that it will ever be helpful.Continue
Revolution Analytics just released a new version of its suite of R-based statistical analysis tools Revolution R Enterprise 4.3. Significant new features include the ability to import data files from SPSS, a new predictive analytics algorithm for big data and an installer for Windows. Revolution R already supported importing from SAS files.Continue
Analytics appliance vendor, Netezza (which was acquired by IBM last year posted a series of videos dedicated to Thomas Bayes, a Presbyterian minister and mathematician who lived from 1702 to 1761. Bayes formulated Bayes' Theorem, the foundation for probability theory and predictive analytics. The theorem wasn't published until after Bayes' death, when his friend Richard Price presented it to the Royal Society.Continue
"Call centers treat agents like slave labor," writes Forrester analyst Kerry Bodine. She suggests that instead of spending money on the latest technology - cloud, mobile, social analytics and all that stuff we like so much - companies should invest more into their call center employees. Why invest in those employees, instead of advertising campaigns, better websites or social CRM? Because those call center workers reach more customers each month than any marketing campaign.Continue
IT services company Virtela announced today a new IT infrastructure management service based on predictive analytics. VirtelaPredict will monitor system logs and event data for both on-premise and cloud based infrastructure and look for patterns that signal trouble. The company will then correct issues, hopefully before an outage ever occurs.
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The water system that serves the U.S. capital city of Washington, D.C. dates back to the nation's civil war. Just think - in the time of Lincoln people dug into the ground with hand-made shovels to lay a water system.
Today, that 19th century water system for the District of Columbia is now arguably one of the smartest in the world.
Why? Those water pipes are now fitted with sensors that analyze data on valves, storm drains, service vehicles and truck routes.Continue
Predictive analytics is a subject we're keeping an eye on this year. Today we're taking a look at some of the ways predictive analytics are being used by businesses: to predict customer attrition rates, monitor IT systems and issue alerts when appropriate, optimize prices for auctions and prepare for GMAT tests.
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As part of its Predicts 2011 series, Gartner has made four predictions for the near future of business intelligence and analytics. Also, Forrester analyst James Kobielus has written a lengthy article outlining his own predictions for business analytics in Information Week. Both see analytics being embedded in more business processes, particularly in collaborative and social software.Continue
Editor's note: Every December the ReadWriteWeb team looks into the murky depths of the coming year and tries to predict the future. How did we do last year? Well, Facebook didn't go public, Google Wave didn't make a comeback, and Spotify didn't make it to the U.S. But our forecasts for Google Chrome, cloud computing, Facebook and something we called the "iTablet" were spot on. What's in store for 2011? All this week we'll be posting our predictions. Let us know your prognostications in the comments.Continue
As 2010 draws to a close we're taking a look at a few cloud startups that show promise and that we haven't covered on ReadWriteCloud.Continue
