Data mining, data warehousing, decision support and knowledge discovery make up the universe of D S * ( dsstar ), the only executive business newsletter supporting strategic employment of these technologies.

The On-Line Executive Journal for Data-Intensive Decision Support
*** March 9, 1999: Vol. 3, No. 10 ***
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IN THIS ISSUE:

ED COLET ON THE POSSIBILITY OF REAL-TIME DATA MINING
LAWSON SHIPS RETAIL PERFORMANCE INDICATOR SUITES
EQUIFAX AND HNC DEVELOP IDENTITY AUTHENTICATION SERVICE

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ANALYSIS & COMMENTARY

THE POSSIBILITY OF REAL-TIME DATA MINING
by Ed Colet, Virtual Gold, Inc

Ed Colet is the Acting Director of Research at Virtual Gold Inc., responsible for developing analytical methods for data mining and for investigating human factors and usability issues of business intelligence systems. At present, he is in the final stage of completing a doctoral dissertation in the Cognition and Perception program at New York University's Department of Psychology. Ed has also worked for IBM Research at the T.J. Watson Research Center. At IBM, Ed was a member of the group that developed Advanced Scout, the data mining application for NBA teams. His research interests focus on statistical methods and human factors.

Colet observes: "Those of us familiar with data mining know that data mining can automatically discover hidden patterns in large amounts of data - and that these discovered patterns can lead to valuable information and new knowledge. For good reasons, data mining is typically performed as an offline analytical process, rather than through real time analysis of data streams. But as we'll see in this column, there are certain situations where real time data mining is the better approach."

LAWSON SHIPS FIRST OF 80+ RETAIL PERFORMANCE INDICATOR SUITES

Lawson Software, The Global Solutions Company, has announced general availability of the LAWSON INSIGHT Retail Performance Indicator Suite, a pre-packaged intelligent data warehouse for retail industry analysis that is accessible via the Web. In addition to the more than 200 out-of-the-box standard business measures now available, Lawson's newest retail-specific performance indicators include analysis of the primary business indicators for the retail industry, such as sales revenue, cost of goods and labor costs.

EQUIFAX AND HNC FINANCIAL SOLUTIONS JOINTLY DEVELOP APPLICATION FRAUD RISK SCORE; GEMINI VERIFY SCORE COMBATS FRAUD AND IDENTITY THEFT

Equifax and HNC Financial Solutions have announced the joint development of a unique and comprehensive identity authentication service. The Equifax Gemini Verify Score will give U.S. credit grantors an enhanced application fraud risk predictor as part of a credit file. It combines the strength of Equifax's comprehensive credit data with HNC Financial Solutions' extensive neural network technology and fraud control experience to systematically identify credit applications that present a real fraud risk.

ACTION ITEMS

NCR's Teradata Database Dominates Every Category in Latest TPC-D
NCR Corporation has posted record-shattering performance results on a series of five TPC-D benchmarks, which raised the bar for next-generation data warehouse solutions.

Industry Expert Outlines Best Practices in Data Warehousing in Global Interactive Webcast Sponsored by Hyperion Solutions
In an interactive Webcast hosted by Hyperion Solutions Corporation recently, Dr. Claudia Imhoff, noted data warehousing expert and founder and president of data warehousing consultancy Intelligent Solutions, Inc., shared her vision for the evolving role that information services play in managing and integrating the corporate information factory infrastructure.

PLATINUM technology to Provide Web 3D Visualization Software to Public Domain
Demonstrating its commitment to expanding the marketplace for Web 3D visualization software, PLATINUM technology has announced it plans to submit the source code for its 3D visualization software products to the public domain through the Web3D Consortium.

Hitachi Data Systems Reports TPC-D Benchmark Results on Powerful Data Mart for Windows NT Environments
Hitachi Data Systems has announced benchmark testing results on a data mart configuration delivering three times the performance at less than one-seventh the cost of the closest reported results for systems in the same category.

Data Into Action Installs Knowledge Management Technology at Toyota USA
Data Into Action, a Fullerton-based computer systems integrator, has announced it is implementing the latest technology in data warehousing and knowledge management at Toyota Motor Sales USA (TMS) and Toyota Credit Corporation (TMCC) USA headquarters in Southern California.

Procom Gives Users More Network Storage Space
Procom Technology last week introduced a pair of aggressively priced servers aimed at data warehouse environments requiring lots of storage capacity and high availability.

QUOTE OF THE WEEK

"Lost sales and opportunities during the fraud verification process are among the hidden costs of fraud control. Sometimes these losses are higher than the fraud losses themselves."

CONFERENCES & SEMINARS 03.9.99

D S * INFORMATION

D S * welcomes bylined comments for publication.

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