IBM Combines and Expands Decision Management Tools
June 29, 2012
IBM has been working hard to build its technology treasure trove; it has acquired over 30 companies, captured hundreds of analytics patents, and made deals with over 27,000 business partners. Now Yahoo Finance reveals, “IBM Launches New Class of Analytics Software to Improve Decision Making.” So, it appears that after many acquisitions, we now have a new “class” of analytics. How can this be?
The recent release of IBM’s Operational Decision Management software combines the company’s Analytical and Operational Decision Management tools. The combination, the press release asserts, empowers the software to accurately suggest the next best action to its users and their employees. The write up emphasizes:
“In a single platform, IBM has combined the power of business rules, predictive analytics and optimization techniques through intuitive interfaces that allow users to focus on specific business problems. The resulting decision can be consumed by existing pre-packaged or custom-built applications, including many applications on the mainframe. The platform also takes advantage of IBM InfoSphere Streams technology where big data can be analyzed and shared in motion, providing real-time decision making in environments where thousands of decisions can be made every second.”
IBM also added a new social network analytics feature which expands sentiment analysis capabilities. See the write up and other links above for more information on the software. We agree that these developments may be a welcome evolution. A whole new class of analytics, though? That may be a bit much.
Cynthia Murrell, June 29, 2012
Sponsored by PolySpot
Open Source BI Alternatives
June 29, 2012
Datamation has published a useful list, “50 Open Source Replacements for Proprietary Business Intelligence Software.” Writer Cynthia Harvey notes that recently, CIO’s responding to a Gartner survey cited BI and analytics as their top tech priority for this calendar year. That could mean paying big bucks for proprietary software, or it could mean choosing from a crop of open source options. The article notes:
“As the market for business intelligence solutions continues to grow, the open source community is responding with a growing number of applications designed to help companies store and analyze key business data. In fact, many of the best tools in the field are available under an open source license. And enterprises that need commercial support or other services will find many options available.”
The roster focuses on solutions that can directly replace existing proprietary tools. It lists spreadsheets; complete business intelligence platforms; data warehouses and databases; data mining and reporting tools; and enterprise resource planning suites with built-in business intelligence capabilities. It is a good list to keep for reference when it is time to add, expand, or upgrade BI capability.
But wait a second– we thought Datamation was a “real” news operation. With this list, it seems to be in the library vertical file business. Hmm.
Cynthia Murrell, June XX, 2012
Sponsored by PolySpot
Protected: Litigation Support Software Gets a Speedier Tool
June 29, 2012
Protected: Predictive Coding Gets Patented
June 27, 2012
Connotate and Digital Reasoning Glean Intelligence from Social Media
June 27, 2012
Governments are eager to rapidly cull actionable intelligence from the constant deluge of unstructured social media data. Digital Reasoning and Connotate have announced that they are teaming up to address this need with Connotate’s expertise in large-scale data monitoring and extraction and with Digital Reasoning’s unstructured data analytics chops. The press release states:
“Connotate’s ability to monitor dynamic social media sources, automatically reformat large-scale data into simple formats and deliver them to Digital Reasoning’s machine-learning text analytics solution helps government agencies and businesses achieve a deeper understanding of how they are perceived and connected to the world around them. Rather than analyzing all of the world’s data, this partnership instead focuses on leveraging only relevant, timely information so that government agencies can accurately link people and organizations to a myriad of related data points, including time and location. This capability is crucial to government agencies as well as enterprises conducting competitive intelligence or internal audits.”
Sounds like a capable combination. Connotate CEO Keith Cooper is excited about the unprecedented partnership, which combines technologies to take on what he says are the three main challenges of big data: velocity, variety, and volume. Tim Estes, CEO of Digital Reasoning, emphasizes that speed is the crucial factor in this particular project.
Digital Reasoning boasts that their Synthesys, used by over a dozen government agencies, is the first software platform that automatically makes sense of big data. The company was founded in 2007, and makes its primary home in Franklin Tennessee, with an office in Washington, DC.
Founded in 2000, Connotate aims to help clients increase the value they get out of Web-based data with easy-to-use solutions. Connotate asserts that it is the only vendor in its field “with a broad, uncontested patent portfolio.” That is a definite advantage. The company has been named a KMWorld “Trend-Setting Product” for the past six years.
Cynthia Murrell, June 27, 2012
Sponsored by HighGainBlog
Social Media Analytics Finds 98.6 Percent Positive Sentiment Towards Rock of Ages
June 27, 2012
Have you ever wondered if it was possible to accurately predict a successful motion picture?
If so, wouldn’t the owner of this technology invest in winning films? MarketWatch recently discussed this very topic in the article “Social Media Sentiment Strongly Positive Toward ‘Rock of Ages’ Despite Film’s Disappointing Box Office.”
According to the article, Attensity, a social analytics and engagement provider, has released a report analyzing public reaction in social media to the movie, Rock of Ages by using the company’s social analytics application Attensity Analyze.
After looking at sites like Twitter, Facebook, news sites, forums, videos and other social sources before and after the release, the report found:
“Attensity’s data reveals that the already positive sentiment toward Rock of Ages, in fact, grew over 10 percent after the film’s premiere. Positive sentiment for Tom Cruise in the movie also increased, moving from 47.87 percent to 52 percent. On the other hand, critics of Tom Cruise jumped on the opportunity to post their negative comments about the actor and his participation in Rock of Ages, adding to the small amount of negative sentiment and arguably playing a role in the film’s lackluster opening weekend numbers.”
While researchers discovered an overwhelming 96.8 percent positive sentiment toward Rock of Ages, can this technology be applied to all movies and actually predict a film’s success? or does it merely pick up on the excitement surrounding it?
Jasmine Ashton, June 27, 2012
Sponsored by PolySpot
Protected: The Human Nature of Predictive Coding
June 25, 2012
Protected: Will Lawyers Become Obsolete?
June 22, 2012
Protected: Serviant Webinar: Predictive Analysis
June 21, 2012
Connotate and Digital Reasoning Glean Intelligence from Social Media
June 20, 2012
Governments are eager to rapidly cull actionable intelligence from the constant deluge of unstructured social media data. Digital Reasoning and Connotate have announced that they are teaming up to address this need with Connotate’s expertise in large-scale data monitoring and extraction and with Digital Reasoning’s unstructured data analytics chops. The press release states:
“Connotate’s ability to monitor dynamic social media sources, automatically reformat large-scale data into simple formats and deliver them to Digital Reasoning’s machine-learning text analytics solution helps government agencies and businesses achieve a deeper understanding of how they are perceived and connected to the world around them. Rather than analyzing all of the world’s data, this partnership instead focuses on leveraging only relevant, timely information so that government agencies can accurately link people and organizations to a myriad of related data points, including time and location. This capability is crucial to government agencies as well as enterprises conducting competitive intelligence or internal audits.”
Sounds like a capable combination. Connotate CEO Keith Cooper is excited about the unprecedented partnership, which combines technologies to take on what he says are the three main challenges of big data: velocity, variety, and volume. Tim Estes, CEO of Digital Reasoning, emphasizes that speed is the crucial factor in this particular project.
Digital Reasoning boasts that their Synthesys, used by over a dozen government agencies, is the first software platform that automatically makes sense of big data. The company was founded in 2007, and makes its primary home in Franklin Tennessee, with an office in Washington, DC.
Founded in 2000, Connotate aims to help clients increase the value they get out of Web-based data with easy-to-use solutions. Connotate asserts that it is the only vendor in its field “with a broad, uncontested patent portfolio.” That is a definite advantage. The company has been named a KMWorld “Trend-Setting Product” for the past six years.
Cynthia Murrell, June 20, 2012
Sponsored by PolySpot
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