IN THIS ISSUE

USING DATA MINING TO DETECT FRAUD IN AUCTIONS
WEB MINING: OVERVIEW, IMPLEMENTATION
SAS ACQUIRES DATAFLUX

 

USING DATA MINING TO DETECT FRAUD IN AUCTIONS
by Ed Colet

Executive Editor-at-Large Inderpal Bhandari presents a guest editorial by Virtual Gold's Acting Director of Research:
 

In today's Internet economy, auctions have become an increasingly common way to exchange goods and services. Ebay is the market leader in the consumer-to-consumer space, and various companies have sprung up to apply the concept for business-to-business procurement. The nature of the bidding process in an auction seems to provide an intrinsic mechanism for both buyers and sellers to arrive at a fair price driven by the laws of supply and demand. But closer inspection reveals that the notion of a fair price can be fraudulently manipulated through the practice of "shill-bidding". In this column, I discuss an example of this (on eBay), and point out how data mining technologies can be brought to bear to detect and prevent such fraudulent practices.
 

THE DATA WAREHOUSING INSTITUTE'S DW AWARDS WINNERS

The Data Warehousing Institute (TDWI), a premier provider of in-depth, high quality education and training in the data warehousing and business intelligence industry, announces the winners of its 2000 Best Practices in Data Warehousing Awards competition.
 

HP HELPS QUANTUM CREATE SUPPLY CHAIN SUCCESS

Quantum Corporation undertook an analysis of its operations to find ways to produce products at equal quality and lower prices for its OEM customers. Those customers, including companies such as Hewlett-Packard Company and Dell, were changing their own business models - moving toward JIT and pull-based systems.
 

MICHIGAN MILLERS MUTUAL INS SELECTS CA'S UNICENTER TNG

Computer Associates International Inc (CA) announced that Michigan Millers Mutual Insurance Co (Michigan Millers) has selected CA's Unicenter TNG, Insurance Knowledge Analyzer and DecisionBase solutions to manage its information technology enterprise.
 

ORACLE ANNOUNCES SUPPORT FOR XML-BASED METADATA STANDARD

Oracle Corp, one of the largest providers of software for e-business, announced its support for the XML-based metadata standard that was ratified and publicly unveiled by the Object Management Group (OMG).
 

ORACLE PROFIT EXCEEDS WALL STREET'S PREDICTIONS

Oracle Corp, one of the world's largest software companies, reported a fiscal fourth-quarter operating profit that exceeded Wall Street's predictions on strong sales of its application software programs and by using its own software to become more productive.
 

WESTERN DIGITAL'S SAGETREE ENTERS BI MARKET WITH NCR

Western Digital Corporation announced that its SageTree Inc subsidiary has entered the business intelligence market and NCR Corporation, a recognized world leader in data warehousing solutions, has invested $10 million in SageTree, creating a strategic partnership.
 

WEB MINING: CREATING, ENHANCING, AND ACTING ON WEB DATA
by Jesus Mena, WebMiner

In their frenzy to be the next Amazon.com companies of all size and types are scrambling to set up their e-commerce sites. They often concentrate on the mechanics of transactional processing; setting up their inventory and shopping carts -- but usually fail to plan for the vast amount of customer data their site will generate.

Informix Announces Packaged Analytic Components
Informix Corporation, a technology leader in software infrastructure for the i.Economy, announced a new initiative designed to deliver packaged analytic components for industry-specific business intelligence and e-Business analytic applications.

Macromedia and Business Objects Enter Agreement
Business Objects announced a partnership with Macromedia Inc. Macromedia selected Business Objects e-BI technology to embed in the newest version of its Web site analysis solution, Macromedia Aria Enterprise 5.0 software.

e-Applications Enable JD Edwards Cust IBM Integration
Cognos announced that its e-Applications will enable J.D. Edwards OneWorld and WorldSoftware customers to integrate with IBM WebSphere Commerce Suite. The solution allows J.D. Edwards users to merge the worlds of traditional enterprise and transactional e-commerce data for a complete, coordinated view of the business.

SAP AG/Dun & Bradstreet Introduce D&B Mktg Universe
SAP AG and Dun & Bradstreet announced the development of D&B Marketing Universe for SAP Business Information Warehouse (SAP BW). This new solution combines SAP's latest SAP BW software with D&B's global database of over 58 million businesses.

SAS Acquires Data Cleansing Software Company DataFlux
SAS Institute, a market leader in Web-enabled data warehousing and decision support, announced that it has acquired DataFlux Corp, a Raleigh, N.C.-based developer of data cleansing software tools that increase the accuracy and usability of corporate databases.

DecisionPoint Announces DecisionPoint for Financial Analysis
DecisionPoint Applications Inc (DPA), a leading international packaged data warehouse and analytical applications vendor, announced DecisionPoint for Financial Analysis, an entry-level analytical applications offering, based on the company's market-leading DecisionPoint data warehouse product line.

DoubleTwist Releases CAT v.4.0
DoubleTwist Inc announced the release of Version 4.0 of its Clustering and Alignment Tools (CAT), industry leading software that enables the rapid, accurate clustering and alignment of Expressed Sequence Tags (ESTs) within large databases of genomic information.

DataProfit/Cognos to Develop Auto-Configure Solution
DataProfit announced that it has teamed with Cognos, one of the world's largest and most successful business intelligence companies, to jointly develop an "auto-configure solution" that helps companies quickly implement the popular Cognos Finance application.

Great Lakes Chemical Using myProcesses.com
IntelliCorp, a leading provider of eBusiness and CRM solutions for the SAP community, announced that myProcesses.com is hosting business process models for Great Lakes Chemical. Great Lakes Chemical is among the first users to deploy business process models to the IntelliCorp myProcesses.com Web site.

Harrah's Entertainment Wins DW Award with NCR Teradata
In recognition of innovative application of data warehousing, The Data Warehousing Institute (TDWI) has awarded Harrah's Entertainment Inc its prestigious 2000 Best Practices in Data Warehousing Award.

Hummingbird Announces Alliance with Mummert + Partner
Hummingbird Ltd announced a global, strategic relationship with Mummert + Partner. The teaming of these market leaders means an accelerated time to market for the series of common opportunities identified as having high revenue and margin potential.

Hyperion Joins Forces with Interwoven
Hyperion announced an alliance with Interwoven to empower leading Web-based organizations with deeper insights into customer behavior and preferences and help them turn those insights into tighter, more profitable relationships.

FileTek Forms Relationship with IBM
FileTek Inc announced that they have entered into an agreement with IBM to market and sell an integrated database solution combining IBM's DB2 DataJoiner and FileTek's StorHouse.

IntelliCorp Launches S7 Solutions Portfolio
IntelliCorp, a leading provider of eBusiness and CRM solutions for the SAP community, announced IntelliCorp S7 -- a portfolio of seven strategic solutions. The S7 Solutions Portfolio enables brick-and-mortar companies to not just match, but to leapfrog their dotCom competitors in the New Economy.

MicroStrategy Secures $125M with Preferred Stock
Troubled data-mining software maker MicroStrategy Inc, whose stock has been surging and retreating by as much as 40 percent in the past two weeks on speculation of new financing, this morning said it closed a private placement of $125 million of convertible preferred stock with institutional investors led by Promethean Asset Management.

Nation's Leading Financial Institutions Choose MindBox
Hitting the market in full stride only a month after its spin-off from Brightware, MindBox Inc, a worldwide leader in providing artificial intelligence applications to automate complex business and operations processes for the financial services industry, announced an impressive client roster consisting of many of the top lenders and financial institutions in the country.

NetApp/Informix Announce BI Partnership
Network Appliance Inc, a leading provider of network-attached data access and content management solutions, and Informix Corporation, a technology leader in software infrastructure for the i.Economy, announced a business intelligence partnership.

Star Tribune Selects Unica's Affinium
Unica Corporation announced that the Star Tribune, one of the largest daily newspapers in the U.S., has selected Unica's Affinium to manage its circulation marketing campaigns and the direct marketing programs the newspaper oversees for advertisers in the Twin Cities area.

Western Digital's SageTree Launches SageQuest Software
Western Digital Corp announced that its SageTree Inc subsidiary has launched SageQuest, its first software product. SageQuest, a Web-enabled, enterprise-wide packaged analytic application suite, combines advanced analytics and data warehousing technologies to Supply Chain Intelligence.

"We had to be able to respond quickly to market changes and customer preferences."

• Kevin Conway, Quantum's Manager of Information Systems

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