Software // Information Management
Commentary
3/12/2010
08:14 AM
Cindi Howson
Cindi Howson
Commentary
Connect Directly
Twitter
RSS
E-Mail
50%
50%

Mainstream BI vs. Mainstream Predictive Analytics

"Mainstream BI" continues to be more vision than reality, but how about mainstream analytics? This week, visualization and analytics vendor TIBCO Spotfire took one step closer to making that a reality with its 3.1 release.

"Mainstream BI" continues to be more vision than reality, but how about mainstream analytics? This week visualization and analytics vendor TIBCO Spotfire took one step closer to making that a reality with its 3.1 release.

Statistical analysis and predictive analytics require expertise in both the data and statistical methods. Consuming the results of such analyses, however, does not. So imagine an expert who creates a model that optimizes which customer is most likely to respond to a marketing campaign. The process of determining which factors (such as age, gender, income, and customer tenure) most predict likelihood to respond is something the expert normally does. So the expert runs the model, refines the model for maximum response rates, and ultimately gives a list to the marketing department of which customers are their best targets.In Spotfire 3.1, there are two new aspects that make predictive analytics more accessible to the final decision-makers (in this example, the marketing department). First, parameters allow a business user to select the variables that go into the model. So maybe age really doesn't provide the best likelihood to respond. Maybe, instead, it's education level. Via a simple parameter drop down, a business user can choose which factors they'd like to use as input to the model.

Second, the business user can see the results of the model via an intuitive dashboard from within Spotifire. The R engine is still processing the model behind the scenes, but the results don't stay off to the side as is often the case today.

A few vendors have tried at least to facilitate the consumption of the results of models, with varying ease and effectiveness. SAS, for example, can surface stored processes in Web Report Studio. MicroStrategy's optional Data Mining Services would be another example. And yet, neither is particularly widely adopted, partly for complexity reasons and partly for licensing reasons. A few weeks ago, SAS previewed a new product that would be a big enhancement to "mainstream predictive analytics," but details are under NDA.

So while "mainstream BI" may still be more of a vision, this release of Spotfire brings "mainstream predictive analytics" one step closer to reality.

Sincerely, Cindi Howson, BI Scorecard"Mainstream BI" continues to be more vision than reality, but how about mainstream analytics? This week, visualization and analytics vendor TIBCO Spotfire took one step closer to making that a reality with its 3.1 release.

Comment  | 
Print  | 
More Insights
The Agile Archive
The Agile Archive
When it comes to managing data, don’t look at backup and archiving systems as burdens and cost centers. A well-designed archive can enhance data protection and restores, ease search and e-discovery efforts, and save money by intelligently moving data from expensive primary storage systems.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek - July 21, 2014
Our new survey shows fed agencies focusing more on security, as they should, but they're still behind the times with cloud and overall innovation.
Flash Poll
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
In this special, sponsored radio episode we’ll look at some terms around converged infrastructures and talk about how they’ve been applied in the past. Then we’ll turn to the present to see what’s changing.
Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.