JT on EDM

Predigy is a technology originally developed by Intelligent Results (founded in 2001) that was acquired by First Data in 2007. It was originally focused on the military (particularly on the analysis of unstructured data) but has subsequently moved into commercial applications. Predigy is now a decisioning platform with some applications in banking, collections, telecommunications [...]

Nice to see support for PMML (Predictive Model Markup Language) continuing to expand with the recent announcement of support from Pentaho. Support for standards like this is important in decision management as a number of products will typically need to be used in combination to build decision management solutions.

PMML - The Predictive Modeling Markup Language - is the primary XML format for describing predictive analytic models so that a modeling tool can share a model with either another modeling tool or, more usefully, with a deployment environment. The folks over at KDNuggets recently ran a poll asking their readers about their use of [...]

Zementis has recently announced its ADAPA predictive analytics edition for the Amazon Elastic Compute Cloud. This essentially allows you to deploy PMML (Predictive Model Markup Language, an XML format for defining predictive analytic models) on the Amazon compute cloud. Based on their Enterprise Edition (which has PMML deployment, reporting and business rules (using Drools), this [...]

ILOG today announced a Scorecard modeler as an add-on for ILOG JRules® (which I first saw at DIALOG). As their press release says, this add-in allows customers to “incorporate statistical scorecard models directly into decision services” - a key tenet of enterprise decision mangement or EDM. ILOG is targeting financial institutions clearly but apparently also [...]

Steve Hendrick of IDC kicked off day 2 with his keynote on Intelligent Process Automation: The Key to Business Process Automation.
Steve started with a story about AMR and SABRE. Back in 80s startup low-cost airlines were putting real pressure on them and they could not meet the price. Thomas Cook came and introduced yield management [...]