- DISCOVERING UNDERLYING CAUSES: PART I
by Ed Colet
- Executive Editor-at-Large Inderpal Bhandari presents a guest editorial by
Virtual Gold's Acting Director of Research:
- A basic analytical approach in many data mining algorithms is the
discovery of associations among the attributes or variables in large amounts
of data. These associations are often referred to as correlations. A
correlation reflects the discovery of a dependency among the attributes, and
often it's quite sufficient to be able to predict new values. In this
column, I address what can be thought of as the opposite of the
forward-looking perspective of predictive modeling. Rather than making
decisions on predicted values, decisions can also be made on the basis of
looking backwards to underlying causal effects. In part I of this series, I
describe the common computational approach for determining a correlation,
and the current ways to investigate causality. Next week, in Part II, I
discuss some newer approaches for modeling causal relationships.
- DKMS - THE NEXT WAVE IN DSS
by Joseph M. Firestone, Ph.D.
- The days of two-tier client/server-based data warehouses are gone now. The
dynamic of the data warehousing business and its own development of new
technology, has caused centralized data warehouses to be increasingly
supplemented with data marts, with data stores of diverse type and content,
with specialized application servers, with application, design, metadata,
and universal repositories, and with internet, intranet, and extranet
front-ends.
- WHAT IS THE ORIGIN OF DATA MINING?
by Patricia Carbone, The Edge
- Statisticians have been using computers for decades as a means to prove or
disprove hypotheses on collected data. Linear regressions, nearest
neighbors, and other types of analyses are common. Applications dependent on
statistical analyses during the 1970s, 1980s, and 1990s include the drug
approval process for the Food and Drug Administration and the creation of
credit approval curves for credit card companies and banks.
- IT'S A STEAL AS NEW DATA MINING CENTER OPENS
by Thomas Y.B. Chen
- IHPC signed an agreement last week with SAS in what may have been a deal
to acquire SAS software license at bargain basement price.
- ALPHABLOX INTRODUCES WEB-BASED SpreadsheetBlox
- AlphaBlox Corporation, provider of the only open Web-based platform for
broadly deploying business intelligence (BI) applications, unveiled a new
product line that will expand the market for and usability of analytical
applications.
- DataStage STREAMLINES BI FOR FUJITSU SIEMENS COMPUTERS
- Informix Business Solutions, an independent operating business of Informix
Corporation, announced Fujitsu Siemens Computers is using DataStage as a
crucial component for streamlining the newly merged company's business
intelligence infrastructure.
- INFORMIX NAG FINANCIAL DATABLADE MODULE RELEASED
- The Numerical Algorithms Group (NAG) and Informix Corporation announce a
strategic alliance by releasing the Informix NAG Financial Datablade module.
The product has been tailored to address the needs of the financial services
industry where reliable, accurate analysis tools are critical for sustained
profitability.
- HP GIVES UNIVERA WNY DIVISION A HEALTHY SOLUTION
- Univera Healthcare's WNY division purchased a Filenet system running on
HP- UX with an Oracle database to scan claim forms. Additionally, over two
years, Univera Healthcare's WNY division integrated an HP data warehouse,
six HP 9000 servers and 17 HP Netservers into its legacy environment.
WebTrends Announces Technology Integration with MS/Knosys
WebTrends Corporation announced a technology integration with Microsoft
Corporation and Knosys Inc to broaden the CommerceTrends OLAP (online
analytical processing) offering portfolio.
Gensym's Integrity Platform is Chosen by CSC
Gensym Corporation, a leader in adaptive software products for modeling,
simulating and monitoring e-business infrastructure, announced that Computer
Sciences Corporation has selected Gensym's Integrity software platform for
its global integrated enterprise initiative.
Informix Corporation Announces Third Quarter 2000 Results
Informix Corporation, a technology leader for the new economy, reported
results for the third quarter ended September 30, 2000. Revenue for the
third quarter totaled $211.1 million, compared with $261.1 million in the
same quarter last year.
Informix Software Announces Key Mgt Appointments
Informix Software, the database company, a subsidiary of Informix
Corporation, announced the company's focus, structure and key appointments.
Blue Martini Software and HP Form Alliance
Blue Martini Software, a provider of enterprise software applications to
understand, target and interact with customers, and Hewlett-Packard Company
announced a multi-year strategic alliance to bring next-generation customer
interaction solutions to enterprise customers worldwide.
MindBox Expands Functionality of ART*Enterprise
MindBox Inc, a worldwide leader in providing intelligent technology that
automates complex business and decision processes, announced several
enhancements to its award-winning ART*Enterprise intelligent software
development environment.
MindfulEye Announces Agreement with Canada NewsWire
MindfulEye.com Systems Inc, a wholly owned subsidiary of MindfulEye Inc,
announced an agreement with Canada NewsWire (CNW), Canada's most widely used
public corporate disclosure newswire, to offer advanced Internet market
surveillance technologies and services for public companies, securities
exchanges, and regulatory bodies.
On-Line Demo Available For 100% Web-Based Reporting Tool
MultiMart Web Financials, developed by Newtec Inc, is currently available
for a 15-minute on-line demonstration. This is the industries first 100%
Web- based reporting tool solution, which allows users the ability to not
only view on-line reports, but create them as well.
NCR Reports 29% Increase in Third Quarter Operating Income
NCR Corporation announced net income of $54 million, or $0.55 per diluted
share, for the third quarter ended September 30, 2000. Excluding the impact
of special items, which include charges related to the October 1999
restructuring and write-down of acquisition-related in-process research and
development, net income was $58 million.
Intergraph Process & Building Solutions Announces Notia 3.0
The Process & Building Solutions division of Intergraph Corporation
announced availability of the 3.0 version of Notia, the plant information
management (PIM) solution for the process plant life cycle.
OpenConnect Introduces eXtremeVista
OpenConnect is launching eXtremeVista at the end of this month.
eXtremeVista enables organizations to rapidly transition to e-business by
capturing core business logic imbedded in mainframe applications and
extending those applications to thousands of Web-based users.
QueryObject Appoints Joseph Valley as president and COO
QueryObject Systems Corporation, a leader in analytical infrastructures
for the Information Economy, announced that Joseph (Joe) M. Valley Jr. has
been appointed president and chief operating officer. His initial focus will
be on increasing sales.
Unica Appoints Shanahan as General Counsel
Unica Corporation, a leading provider of analytical CRM and marketing
automation solutions, announced the appointment of Rachael T. Shanahan as
general counsel. In this position, Shanahan will provide Unica with advice
and counsel on strategic business and legal issues.
Spotfire Appoints David P. Butler VP, Product Strategy
Spotfire Inc, a leading provider of Web-based decision analytics
applications, announced the appointment of David P. Butler as vice
president, Product Strategy. Butler joins Spotfire with more than eighteen
years experience driving market and product strategy for companies such as
Portera, Netscape and NeXT.
SAS Americas Names Finnigan Operations Director
Marianna Suciu, president of the newly formed SAS Americas division,
appointed Jay Finnigan senior director of operations.
"Many of the technology trends impacting the financial
services industry today are interrelated. The Internet is
driving the need for incorporation of better communication
and integration standards such as XML."
- Richard Beidl, Research Director of global mortgage lending at TowerGroup
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