Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Grab some coffee and enjoy 
the pre-show banter before 
the top of the hour!
Analytic Maturity: Bringing Predictive into the Mainstream 
The Briefing Room
Twitter Tag: #briefr 
The Briefing Room 
Welcome 
Host: 
Eric Kavanagh 
eric.kavanagh@bloorgroup.com 
@eric_kavanagh
! Reveal the essential characteristics of enterprise software, 
good and bad 
! Provide a forum for detailed analysis of t...
Twitter Tag: #briefr 
The Briefing Room 
Topics 
This Month: ANALYTICS & MACHINE LEARNING 
July: INNOVATIVE TECHNOLOGY 
Au...
Twitter Tag: #briefr 
The Briefing Room 
Database
Twitter Tag: #briefr 
The Briefing Room 
Analyst: Dean Abbott 
Dean Abbott is President of Abbott Analytics, Inc. 
Dean ha...
Twitter Tag: #briefr 
The Briefing Room 
TIBCO Spotfire 
! TIBCO Spotfire is a BI and analytics platform known for its 
ro...
Twitter Tag: #briefr 
The Briefing Room 
Guest: Lou Bajuk-Yorgan 
Lou Bajuk-Yorgan leads Predictive Analytics 
product str...
As Simple as 
Possible ! 
Put Advanced Analytics into 
the Hands of Business! 
Lou Bajuk-Yorgan! 
Sr. Director Product Man...
E V E R Y T H I N G 
S H O U L D 
B E 
M A D E 
A S 
S I M P L E 
© Copyright 2000-2014 -11-! TIBCO Software Inc.! 
A S 
P...
Today’s Discussion! 
• Quick Overview of the Spotfire Analytics Approach! 
• Advanced Analytics for Business Users ! 
– As...
The Fundamental Challenge! 
Everyone looks at data. 
Inevitably, you see 
something unexpected, 
maybe one bar in a bar 
g...
The TIBCO Spotfire Solution ! 
Spotfire Solution 
TIBCO Spotfire is the 
easiest and simplest tool for 
understanding why....
! 
All Users! 
Business ♦ Analysts ♦ Data Scientists ♦ App Developers ♦ Sys Admins! 
! 
Analytics Platform! 
Empowers You ...
Discover Value At Every Step! 
Measure! 
Diagnose! 
Continuous! 
Automate! 
Operationalize! 
Predict & 
Optimize! 
© Copyr...
Value With Predictive Analytics! 
Measure! 
Diagnose! 
Continuous! 
Automate! 
Operationalize! 
Predict & 
Optimize! 
© Co...
Advanced 
Analytics for 
Business 
Users?! 
© Copyright 2000-2014 -18-! TIBCO Software Inc.!
Yes!! 
! 
! 
Everything Should Be 
Made As Simple 
As Possible.! 
! 
But no Simpler.! 
© Copyright 2000-2014 -19-! TIBCO S...
Advanced Analytics for Business! 
Easy for Business Users…! 
• Improve decision-making, increase competitiveness! 
– Power...
Advanced Analytics for Business! 
Flexible for Business Analyst / Analysis Author…! 
• Easy to create analytics dashboards...
Does “Simple” 
Mean 
Simplified 
Analytics?! 
© Copyright 2000-2014 -22-! TIBCO Software Inc.!
No!! 
Everything Should Be 
Made As Simple As 
Possible.! 
! 
But no Simpler! 
© Copyright 2000-2014 -23-! TIBCO Software ...
The Power of Advanced Analytics! 
TIBCO 
Enterprise 
Runtime for 
R (TERR)! 
SAS®! 
TIBCO 
Spotfire! 
Open 
Source R! 
S+!...
Value with Spotfire Advanced Analytics! 
Increase market competitiveness ! 
• Put advanced analytics into the hands of 
bu...
Demo! 
© Copyright 2000-2014 -26-! TIBCO Software Inc.!
E V E R Y T H I N G 
S H O U L D 
B E 
M A D E 
A S 
S I M P L E 
© Copyright 2000-2014 -27-! TIBCO Software Inc.! 
A S 
P...
Enterprise Analytics Architecture ! 
© Copyright 2000-2014 -28-! TIBCO Software Inc.! 
Analy9cs 
on 
Any 
Device 
Empower ...
Twitter Tag: #briefr 
The Briefing Room 
Perceptions & Questions 
Analyst: 
Dean Abbott
What is Analytic Maturity? 
• Sophistication 
• Usability 
• Automation 
30 © Abbott Analytics, Inc. 2001-­2014
What Do We Mean by 
Predictive Analytics? 
• Algorithms? 
• or Process? 
• CRISP-DM 
31 © Abbott Analytics, Inc. 2001-­201...
Algorithms and Maturity 
• Linear Regression: 1890s 
• K-Means: 50s / 60s 
• K-NN: 50s / 60s 
• Decision trees: 60s / 70s ...
Who’s Going to do this? 
The Most In-Demand Skill Today 
If you are looking for a career where your services will 
be in h...
Where are these Analytics 
Coming From? 
Degrees in 2011-2102 Humanities 
Social and behavioral 
science 
Natural sciences...
But do these analysts need to 
know the math? 
• Can software overcome the gulf between the 
mathematics and the use of th...
But we use software! 
• In the 70s and 80s, analysis / statistics software was 
commandline. 
• SAS, SPSS, S 
• Others: sp...
Automation 
• What gets automated -- development 
• Data preparation—80%+ of time spent here 
• Building predictive models...
Questions 
• What is simplified by Spotfire? Which parts of the 
CRISP-DM process… 
• For Predictive Analytics, what is th...
Twitter Tag: #briefr 
The Briefing Room
This Month: ANALYTICS  MACHINE LEARNING 
July: INNOVATIVE TECHNOLOGY 
August: BIG DATA ECOSYSTEM 
www.insideanalysis.com/w...
Twitter Tag: #briefr 
THANK YOU 
for your 
ATTENTION! 
The Briefing Room
Upcoming SlideShare
Loading in …5
×

Analytic Maturity: Bringing Predictive into the Mainstream

569 views

Published on

The Briefing Room with Dean Abbott and TIBCO
Live Webcast on June 3, 2014
Watch the archive:
https://bloorgroup.webex.com/bloorgroup/lsr.php?RCID=51377935ef54613b87fa7cfba0c9e1bf

The power of predictive software multiplies as it spreads throughout the enterprise. Long used by power analysts to drive corporate strategy and improve decision-making, this technology is now being leveraged by all manner of front-line workers, from operations personnel to customer service, and even up the supply chain. There are several critical success factors for making such solutions work well, including visibility, accuracy and manageability.

Register for this episode of The Briefing Room to learn from veteran Analyst Dean Abbott as he explains the barriers and access points to advanced analytics. He’ll be briefed by Lou Bajuk-Yorgan of TIBCO Spotfire, who will discuss how his company’s Analytics Platform empowers all users – data scientists, analysts, and business users – to harness the power of predictive insights within a visual data discovery environment. He’ll discuss the depth & breadth of advanced analytics in Spotfire, using both databases and real-time data streams, and show how you can provide analytics guidance and workflow automation to fully empower business users to gain advanced insights.

Visit InsideAnlaysis.com for more information.

Published in: Technology
  • Be the first to comment

  • Be the first to like this

Analytic Maturity: Bringing Predictive into the Mainstream

  1. 1. Grab some coffee and enjoy the pre-show banter before the top of the hour!
  2. 2. Analytic Maturity: Bringing Predictive into the Mainstream The Briefing Room
  3. 3. Twitter Tag: #briefr The Briefing Room Welcome Host: Eric Kavanagh eric.kavanagh@bloorgroup.com @eric_kavanagh
  4. 4. ! Reveal the essential characteristics of enterprise software, good and bad ! Provide a forum for detailed analysis of today’s innovative technologies ! Give vendors a chance to explain their product to savvy analysts ! Allow audience members to pose serious questions... and get answers! Twitter Tag: #briefr The Briefing Room Mission
  5. 5. Twitter Tag: #briefr The Briefing Room Topics This Month: ANALYTICS & MACHINE LEARNING July: INNOVATIVE TECHNOLOGY August: BIG DATA ECOSYSTEM 2014 Editorial Calendar at www.insideanalysis.com/webcasts/the-briefing-room
  6. 6. Twitter Tag: #briefr The Briefing Room Database
  7. 7. Twitter Tag: #briefr The Briefing Room Analyst: Dean Abbott Dean Abbott is President of Abbott Analytics, Inc. Dean has more than 21 years of experience applying advanced data mining, data preparation and data visualization methods in real-world data-intensive problems, including fraud detection, response modeling, survey analysis, planned giving, predictive toxicology, signal process and missile guidance. He has developed and evaluated algorithms for use in commercial data mining and pattern recognition products, including polynomial networks, neural networks, radial basis functions and clustering algorithms. He is a seasoned instructor, having taught a wide range of data mining tutorials and seminars.
  8. 8. Twitter Tag: #briefr The Briefing Room TIBCO Spotfire ! TIBCO Spotfire is a BI and analytics platform known for its robust visualizations and data analysis capabilities ! The platform offers predictive analytics, and includes Statistics Services, Enterprise Runtime for R and predictive modeling tools ! The TIBCO platform applies real-time, event-driven analytics against streams of data, and it provides workflow guidance and automation
  9. 9. Twitter Tag: #briefr The Briefing Room Guest: Lou Bajuk-Yorgan Lou Bajuk-Yorgan leads Predictive Analytics product strategy at TIBCO Spotfire, including the development of TIBCO Enterprise Runtime for R (TERR), an enterprise deployment platform for R-language analytics. With a background in Physics and Atmospheric Sciences, Lou was a Research Scientist at NASA JPL before focusing on Advanced Analytics and Business Intelligence software. Since then, Lou has worked with scores of customers across many industries to understand their analytic goals and challenges, and helped them to attain strong results through the use of Predictive Analytics. An avid runner and gamer, Lou frequently speaks and tweets (@LouBajuk) about the value of Predictive Analytics.
  10. 10. As Simple as Possible ! Put Advanced Analytics into the Hands of Business! Lou Bajuk-Yorgan! Sr. Director Product Management! TIBCO Software! © Copyright 2000-2014 TIBCO Software Inc.!
  11. 11. E V E R Y T H I N G S H O U L D B E M A D E A S S I M P L E © Copyright 2000-2014 -11-! TIBCO Software Inc.! A S P O S S I B L E… But no simpler. Albert Einstein!
  12. 12. Today’s Discussion! • Quick Overview of the Spotfire Analytics Approach! • Advanced Analytics for Business Users ! – As Simple As Possible! – But No Simpler ! • Benefits ! • Demonstration ! © Copyright 2000-2014 -12-! TIBCO Software Inc.!
  13. 13. The Fundamental Challenge! Everyone looks at data. Inevitably, you see something unexpected, maybe one bar in a bar graph is higher than anticipated; or some points on plot are in the far corner.! ! Naturally, you want to learn more and understand why. ! © Copyright 2000-2014 -13-! TIBCO Software Inc.!
  14. 14. The TIBCO Spotfire Solution ! Spotfire Solution TIBCO Spotfire is the easiest and simplest tool for understanding why.! ! Unlike other approaches, Spotfire was created to help users quickly drill into information and gain insight. ! © Copyright 2000-2014 -14-! TIBCO Software Inc.!
  15. 15. ! All Users! Business ♦ Analysts ♦ Data Scientists ♦ App Developers ♦ Sys Admins! ! Analytics Platform! Empowers You Every Step of Your Analytics Journey" ! ! Visual Data Discovery ♦ Analytic Applications & Dashboards ! Predictive Analytics ♦ Real-Time Analytics ♦ Location Analytics! ! Governed Data Discovery ! Cloud and On-Premises Deployment! All Data ! Historical & Real-Time ♦ Internal & External ♦ Structured Unstructured! © Copyright 2000-2014 -15-! TIBCO Software Inc.!
  16. 16. Discover Value At Every Step! Measure! Diagnose! Continuous! Automate! Operationalize! Predict & Optimize! © Copyright 2000-2014 -16-! TIBCO Software Inc.! Transform! ANALYTICS MATURITY! COMPETITIVE ADVANTAGE! Descriptive! Exploratory! Proactive! Repeatable! Real-Time!
  17. 17. Value With Predictive Analytics! Measure! Diagnose! Continuous! Automate! Operationalize! Predict & Optimize! © Copyright 2000-2014 -17-! TIBCO Software Inc.! Transform! ANALYTICS MATURITY! COMPETITIVE ADVANTAGE! Descriptive! Exploratory! Proactive! Repeatable! Real-Time!
  18. 18. Advanced Analytics for Business Users?! © Copyright 2000-2014 -18-! TIBCO Software Inc.!
  19. 19. Yes!! ! ! Everything Should Be Made As Simple As Possible.! ! But no Simpler.! © Copyright 2000-2014 -19-! TIBCO Software Inc.!
  20. 20. Advanced Analytics for Business! Easy for Business Users…! • Improve decision-making, increase competitiveness! – Powerful, advanced analytics embedded “under the hood” to discover meaningful patterns and trends! – Integrated within the analytics decision-making process, side-by-side with descriptive analytics & visualizations! • Get the answers you need, when you need them ! – Self-service, easily discovered and shared! – Targeted and relevant! © Copyright 2000-2014 -20-! TIBCO Software Inc.!
  21. 21. Advanced Analytics for Business! Flexible for Business Analyst / Analysis Author…! • Easy to create analytics dashboards & applications ! – Support rich, multi-step analytic workflows! – Intuitive tools for predictive modeling and forecasting! • Secure usage ! – Ensure compliance & proper usage of analytics & models! – Incorporate & share best practices and consistent workflows ! – Control access to applications and data with standard enterprise security! © Copyright 2000-2014 -21-! TIBCO Software Inc.!
  22. 22. Does “Simple” Mean Simplified Analytics?! © Copyright 2000-2014 -22-! TIBCO Software Inc.!
  23. 23. No!! Everything Should Be Made As Simple As Possible.! ! But no Simpler! © Copyright 2000-2014 -23-! TIBCO Software Inc.!
  24. 24. The Power of Advanced Analytics! TIBCO Enterprise Runtime for R (TERR)! SAS®! TIBCO Spotfire! Open Source R! S+! MATLAB®! Teradata Aster! Powerful for Statisticians…! • Full breadth of Advanced Analytics native within Spotfire! – Find the best analytic approach for a given problem! – Develop cutting-edge & proprietary analytics in the popular R language! • Enterprise Class Engine for R Language (TERR)! – Agile development & iteration! – Enterprise-ready deployment to applications, real-time system, and cloud services! • Leverage existing Predictive Analytic investments! – Rich Advanced Analytic ecosystem! • SAS®, MATLAB®, R, S+, Teradata © Copyright 2000-2014 -24-! TIBCO Software Inc.! Aster!
  25. 25. Value with Spotfire Advanced Analytics! Increase market competitiveness ! • Put advanced analytics into the hands of business decision makers, you increase confidence & effectiveness of decisions across the organization! Take advantage of market opportunity and threats! • Anticipate and react to emerging trends! • Identify and respond to potential threats! Reduce uncertainty & manage risk! • Scenario planning, forecasting, fraud detection! • Aggregate and evaluate risk! Proactively act on analysis…! • Segment customers into distinct markets ! • Identify opportunities to cross-sell & upsell products/services! • Forecast unhappy customers and turn them into fans ! © Copyright 2000-2014 -25-! TIBCO Software Inc.!
  26. 26. Demo! © Copyright 2000-2014 -26-! TIBCO Software Inc.!
  27. 27. E V E R Y T H I N G S H O U L D B E M A D E A S S I M P L E © Copyright 2000-2014 -27-! TIBCO Software Inc.! A S P O S S I B L E… But no simpler. Albert Einstein!
  28. 28. Enterprise Analytics Architecture ! © Copyright 2000-2014 -28-! TIBCO Software Inc.! Analy9cs on Any Device Empower All Users Re-­‐Usable Enterprise & Applica9on Objects Fastest Data Processing Engine Broadest Integra9on of Data Sources
  29. 29. Twitter Tag: #briefr The Briefing Room Perceptions & Questions Analyst: Dean Abbott
  30. 30. What is Analytic Maturity? • Sophistication • Usability • Automation 30 © Abbott Analytics, Inc. 2001-­2014
  31. 31. What Do We Mean by Predictive Analytics? • Algorithms? • or Process? • CRISP-DM 31 © Abbott Analytics, Inc. 2001-­2014
  32. 32. Algorithms and Maturity • Linear Regression: 1890s • K-Means: 50s / 60s • K-NN: 50s / 60s • Decision trees: 60s / 70s • Neural networks: 60s (70s) 80s • Support Vector Machines: 90s • Ensembles: • Bagging and Boosting: 90s • Heterogeneous ensembles: 2000s 32 © Abbott Analytics, Inc. 2001-­2014
  33. 33. Who’s Going to do this? The Most In-Demand Skill Today If you are looking for a career where your services will be in high demand, you should find something where you provide a scarce, complementary service to something that is getting ubiquitous and cheap. So what’s getting ubiquitous and cheap? Data. And what is complementary to data? Analysis. So my recommendation is to take lots of courses about how to manipulate and analyze data... - Hal Varian, Chief Economist at Google From http://www.teamleada.com 33 © Abbott Analytics, Inc. 2001-­2014
  34. 34. Where are these Analytics Coming From? Degrees in 2011-2102 Humanities Social and behavioral science Natural sciences and mathematics Computer sciences and engi-neering Education Business Other fields 34 © Abbott Analytics, Inc. 2001-­2014
  35. 35. But do these analysts need to know the math? • Can software overcome the gulf between the mathematics and the use of the mathematics? • Can the mathematics be a tool without knowing why it works? 35 © Abbott Analytics, Inc. 2001-­2014
  36. 36. But we use software! • In the 70s and 80s, analysis / statistics software was commandline. • SAS, SPSS, S • Others: specified “control files” or “command line options” and run the Unix or DOS executable • In the 90s, GUIs emerged for pattern recognition and data mining • Most often, Windows, drop-down interfaces • Some workflow • Late 2000s and currently, workflow interfaces have won the day for commercial and most open source tools • Now: are we really back to commandline interfaces? • R, Python 36 © Abbott Analytics, Inc. 2001-­2014
  37. 37. Automation • What gets automated -- development • Data preparation—80%+ of time spent here • Building predictive models • Assessing predictive models • What gets automated – deployment • Data preparation – reproduce what one did during model building • Decisioning from model predictions • A/B testing of model performance 37 © Abbott Analytics, Inc. 2001-­2014
  38. 38. Questions • What is simplified by Spotfire? Which parts of the CRISP-DM process… • For Predictive Analytics, what is the expectation placed on the modelers? • R, SAS, Matlab are all programming languages. S+ is both language and GUI. Spotfire Miner? • How does Spotfire integrate with back-end deployment of models (operational or visualization)? 38 © Abbott Analytics, Inc. 2001-­2014
  39. 39. Twitter Tag: #briefr The Briefing Room
  40. 40. This Month: ANALYTICS MACHINE LEARNING July: INNOVATIVE TECHNOLOGY August: BIG DATA ECOSYSTEM www.insideanalysis.com/webcasts/the-briefing-room Twitter Tag: #briefr The Briefing Room Upcoming Topics 2014 Editorial Calendar at www.insideanalysis.com
  41. 41. Twitter Tag: #briefr THANK YOU for your ATTENTION! The Briefing Room

×