Analytics – Page 140 – DECISION STATS

Running Stats Softwares on Clouds

If you have a small beatup laptop and want to rent say heavy hardware and expensive software, a technology demonstration is underway at www.analysis.utk.edu

We basically use a Citrix Server to run R, SAS and JMP ( among others on the Web through the browser)

Note- If you just run this on a normal Web Server with lots of hardware packed behind it- you can start giving cloud computing solutions to your clients for free.

And eliminate the OS ( Windows unless you like them ) and HW ( Read HP etc etc)

thus reducing Total Cost of Ownership for your final customers.

Is Revolution / SAS / SPSS Listening.

See Screenshot-

(Note this can be of terrific use for say software companies wanting to license out new markets in Asia as they can also analyze usage data and share the efficiencies with newer users. By adopting a Software as a Service Model ( by optimizing the revenue stream for cannibalization effects) they can also gain an advantage over more established players ( like R and SPSS /IBM can do with its need for more hardware and broader sales and distribution network)

Note- these are my personal views only and dont represent the University’s views. For more on University of Tennessee ‘s technology initiatives please go to http://oit.utk.edu/index.php where Scott Studham is using his expertise to revolutionalize the way education costs can be lowered using technology.

sas

SAS on Fraud

As part of the ongoing leadership series of SAS Inc in Las Vegas here is a press release-

http://www.sas.com/news/preleases/casemanagementPBLSVegas09.html

SAS supplies super sleuthing powers with new case management solution

The Premier Business Leadership Series, LAS VEGAS (Oct. 28, 2009) – Organizations in areas such as banking, insurance, government and healthcare need to stay one step ahead of criminals and better manage investigations of fraud and other financial crimes. New software from SAS, the leader in business analytics software and services, arms investigators with the analytical power to streamline processes and investigations, helping to reduce costs and improve fraud prevention. SAS® Enterprise Case Management is the latest component to the recently announced SAS Fraud Framework.

A 2008 survey by the Association of Certified Fraud Examiners (ACFE) revealed that 90 percent of ACFE member companies expect fraud to continue growing, with internal fraud increasing most rapidly. A recent TowerGroup report¹ in August 2009 found “case management can contribute a return on investment beyond fraud and risk mitigation by reducing operating costs and even uncovering new business opportunities. Case management offers an effective and automated means to leverage data used in fraud investigation for marketing and proactive customer outreach to improve retention.”

“Leading case management technologies will make it easier to see, aggregate, and integrate operational and other firmwide risks while helping to mitigate the cost and complexity of compliance,” said Rodney Nelsestuen, Senior Research Director at TowerGroup and author of the August 2009 report.

Case management, the backbone of documenting investigations, provides information for financial reporting, such as fraud losses, and is the primary resource for filing regulatory reports to government agencies. In addition, the disposition of cases under investigation is a critical element to enhance future monitoring and overall operational efficiencies of the organization.

Other advantages of SAS Enterprise Case Management include integrating information from siloed monitoring systems used by other lines of business, products, or channels. The system offers a triage queue where users can review work items sent to the system automatically prior to appending to an existing case, creating a new case, or closing the work item. SAS Enterprise Case Management pre-populates forms and automatically prepares batch reports to help the user meet e-filing standards for regulatory submission. The system includes interactive dashboards that enable management to analyze operational performance of investigative functions and recognize trends to provide improved oversight and governance of risk management practices.

Today’s announcement came at The Premier Business Leadership Series event in Las Vegas, a business conference presented by SAS that brings together more than 600 attendees from the public and private sectors to share ideas on critical business issues.

^{1. TowerGroup. The Evolution of Case Management: Converging Fraud, Risk, and Opportunity Management, Rodney Nelsestuen, August 31, 2009.}

About SAS

Back to Recent SAS Press Releases

SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions delivered within an integrated framework, SAS helps customers at more than 45,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world The Power to Know^® .

Webcasts: Oracle Data Mining

How to do Data Mining for free? See these webcasts- unless you are too busy writing cheques for other softwares.

Wednesday, November 4, 12 noon Eastern
BIWA SIG Wednesday TechCast Series – 11th Event!
Oracle Data Mining for Text, Clustering, and Classification: Case Study of the Oracle OpenWorld Recommendation Engine
Mark Hornick – Oracle Data Mining Development – Oracle

Returning from Oracle OpenWorld 09, some of the hot topics for data mining include text mining, document clustering, and recommendation engines. Learn how Oracle Data Mining was used in the Schedule Builder application at Oracle OpenWorld 2008 and 2009 to generate session recommendations and find similar and related sessions. This session includes a demonstration using the advanced text mining features of the Oracle Data Miner user interface. We also characterize recommendation effectiveness using objective test metrics and summarize recommendation usage.

Presenter:
Mark Hornick is Senior Manager, Data Mining Development, in Oracle’s Server Technology organization. He has many years experience in data mining and is a leader of the JSR-73 standards body for data mining. Mark wrote the book  Java Data Mining: Strategy, Standard and Practice.

Audio Dial-In: 866 682 4770 Audio Meeting ID:  1683901 Audio Meeting Passcode: 334451
Web Conference: https://conference.oracle.com/imtapp/app/cmn_jm_hub.uix?mID=161895628
Compatibility Check: If you have not used Oracle’s web conference system before, please ensure your system    compatibility by going to https://conference.oracle.com/imtapp/app/nuf_sys.uix.

Other Wednesday TechCasts Coming Soon (always at noon Eastern time)
– Mark Your Calendars!

November 18, 2009 – OBIEE Case Study: A High Performance Reporting Platform at Gallup
Swapan Golla and Tom Ruhlman – Analytics and Gallup Net Analytics, Gallup Inc.

December 9, 2009 – Best practices for deploying a Data Warehouse on Oracle Database 11g
Maria Colgan – Oracle Data Warehousing Product Management, Oracle

SAS Data Mining 2009 Las Vegas

I am going to Las Vegas as a guest of SAS Institute for the Data Mining 2009 Conference. ( Note FCC regulations on bloggers come in effective December but my current policies are in ADVERTISE page unchanged since some months now)

With the big heavyweight of analytics, SAS Institute showcases events in both the SAS Global Forum and the Data Mining 2009

conference has a virtual who’s- who of partners there. This includes my friends at Aster Data and Shawn Rogers, Beye Network

in addition to Anne Milley, Senior Product Director. Anne is a frequent speaker for SAS Institute and has shrug off the beginning of the year NY Times spat with R /Open Source. True to their word they did go ahead and launch the SAS/IML with the interface to R – mindful of GPL as well as open source sentiments.

. While SPSS does have a data mining product there is considerable discussion on that help list today on what direction IBM will allow the data mining product to evolve.

Charlie Berger, from Oracle Data Mining , also announced at Oracle World that he is going to launch a GUI based data mining product for free ( or probably Software as a Service Model)- Thanks to Karl Rexer from Rexer Analytics for this tip.

While this is my first trip to Las Vegas ( a change from cold TN weather), I hope to read new stuff on data mining including sessions on blog and text mining and statistical usage of the same. Data Mining continues to be an enduring passion for me even though I need to get maybe a Divine Miracle for my Phd to get funded on that topic.

Also I may have some tweets at #M2009 for you and some video interviews/ photos. Ok- Watch this space.

ps _ We lost to Alabama #2 in the country by two points because 2 punts were blocked by hand which were as close as it gets.

Next week I hope to watch the South Carolina match in Orange Country.

Portrait of a Lady

Thats a screenshot of Daneese Cooper’s Wikepedia page. Danese was fired without severance by the Intel Capital Series B investors at http://www.reolution-computing.com If this is what you get after a lifetime of working in open Source, maybe I should recommend

people get job with Prof Jim Goodnight, Phd who rarely fires people and has managed to steer his company profitably without an IPO or Series Z funding.

On the other hand I kind of admire ladies trying to work in software companies. They are so few. and look up to people like Daneese to say that yes they can make it big too.

Good bye Daneese. May your big heart rest in piece on your blog http://danesecooper.blogs.com/.

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