Subscribe

Categories

Add to Technorati Favorites

 Subscribe in a reader

Trends and Outliers

TIBCO Spotfire's Business Intelligence Blog

Category Archives: Business Intelligence Guide

12/13
2010

How Does Predictive Analytics Work?

psychic crystal ball 300x166 How Does Predictive Analytics Work?Understanding the basics of predictive analytics is as easy as saying your ABC’s:

A:  What is it?

As any fortune-teller will assure you, predicting the future is an art as well as a science.  And that truism applies as much to business decisions as to any other aspect of life.  So on the one hand we can say that predictive analytics is a branch of statistics in which information extrapolated from historical data is applied to the projection of future conditions.  That’s the science side.

Continue reading »

Print post

12/07
2010

How Does In-Memory Processing Work?

j03995511 150x150 How Does In Memory Processing Work?Understanding the basics of in-memory processing is as easy as learning your ABC’s:

A:  What is it?

In-memory processing is a fairly simple yet very powerful innovation.  Here’s how it works:

Retrieving data from disk storage is the slowest part of data processing.  And the more data you need to work with, the more the retrieval step slows down the analytics process.  The usual way of addressing this time problem has been to pre-process data in some way (cubes, query sets, aggregate tables, etc.) so the computer can “go get” a smaller number of records.  But those approaches typically require guessing in advance what data should be selected, and how it should be arranged for analysis.  If/when the analyst needs more or different data, it’s back to the drawing-board.

Continue reading »

Print post

12/29
2009

The Alphabet Soup of Business Intelligence

j0399551 150x150 The Alphabet Soup of Business IntelligenceDepending on one’s perspective, business intelligence (BI) can be a discipline unto itself, a superset and even a subset of other business information systems.  Add in data mining (DM), data and/or business analytics and predictive analytics (PA), and (nevermind BPM, PM and OLAP) and one gets a murky picture of what solution solves what problem and how solutions differ from each other.

Continue reading »

Print post