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IN THIS ISSUE:
HOW IMPORTANT IS EXPERT INTERPRETATION?
DATA MINING WITH JAVA
NAU'S CENTER FOR DATA INSIGHT EXPANDS
ANALYSIS & COMMENTARY
ON THE IMPORTANCE OF AN EXPERT INTERPRETATION
by Ed Colet
Executive Editor-at-Large Inderpal Bhandari presents a guest editorial by Virtual Gold's Acting Director of Research:
The analysis of data through data mining, traditional database querying, or formal statistical analyses will always generate output that needs to be interpreted before conclusions can be drawn. Finding the information buried within the data is one thing, interpreting it is another. Both are equally important. In this column, the importance of having the expert interpretation is illustrated, and some ways that analytical tools can facilitate this are discussed.
NEXT-GEN CONTEXION TECHNOLOGY TO ENHANCE AOL SEARCHES
By regularly reviewing Web sites to identify material that could be inappropriate for some audiences, the RuleSpace Contexion technology will work in conjunction with AOL's easy-to-use Parental Controls to help ensure that AOL Search results most closely match the user's preferences and search query.
MS, DATA GENERAL AND CIBER UNVEIL BI SOLUTIONS CENTER
Microsoft Corporation (MS), Data General, a Division of EMC Corporation, and CIBER have unveiled the Business Intelligence Solution Center (BISC), a unique combination of technology solutions designed to enable organizations to achieve competitive advantage by quickly designing and deploying a robust Business Intelligence platform.
SAS, ECsoft IMPLEMENT COLLABORATIVE BI SOLUTION
Collaborative Business Intelligence allows communities of users to use reports from business intelligence as the basis of discussions, to model and predict "what if" scenarios based on real data and to include electronic documents such as emails, word processed files, etc, that capture the context in which decisions were made.
DATA MINING WITH JAVA: AN INTERVIEW WITH JOSE MOREIRA
by Evan Hoovler, assistant editor
"You can implement the computational part of a high performance data mining code entirely in Java, and still achieve performance that is comparable to what can be obtained with a highly tuned Fortran code."
PHARMACEUTICAL DATA-MINING FIRM OPENS IN SANTA FE, N.M
Bioreason isn't in the gold- or silver-mining business -- the company instead is involved in data mining, developing automated reasoning systems with medicinal chemists, computational scientists and software engineers to analyze data produced by drug companies in their search for new drugs.
NORTHERN ARIZONA U EXPANDS CENTER FOR DATA INSIGHT
The expansion, co-sponsored by SAS Institute and KPMG, adds a new training and research room, enabling NAU to offer business executives short courses in data mining and knowledge discovery. It also adds a powerful parallel computer to the CDI laboratory, where companies can mine their own data with the latest technologies.
ACTION ITEMS
Data Mining Leverages Neugents And Dynamic Viz
Employing CA's Neugents technology and visualization, the Knowledge
Discovery methodology enhances the concept of data mining by providing
organizations with the intelligence to predict the outcome of business
initiatives, which could lead to increased market share and revenue.
Plus Comm Uses Quadstone For Knowledge-Based Mktng
PCI is using Decisionhouse to offer their clients a "pay-per-success"
program that bills clients based on actual sales resulting from the
campaign, rather than the number of hours spent on the campaign.
Decisionpoint For Manufacturing Introduced
As the first packaged data warehouse solution of its kind, DecisionPoint
for Manufacturing provides organizations with a pre-integrated, end-to-end
data warehousing infrastructure and applications, installed in eight weeks
or less, at a fraction of the cost of custom data warehouse projects.
Essbase OLAP Server Shatters BI Boundaries
In tests at the new IBM Netfinity Teraplex Integration Center, Hyperion
and IBM simulated a real-world demand management application based on one
terabyte of data with an IBM DB2 Universal Database EEE on an IBM Netfinity
server.
Web Tech Used To Build Spatial Data Warehouse
Formida Software (Europe) Ltd has announced an agreement reached with
Vodafone Ltd, the UK's leading mobile phone network, to develop and supply
specialised database and visualisation software to optimise the frequency
planning, design and services offered by the Vodafone cellular network in
the UK.
Informix, Compaq Note 1 TB TPC-H Benchmark
The Informix and Compaq 1 TB joint database solution is the first to
conquer this new, demanding industry standard benchmark and stress test of
decision support systems that query databases.
MathWorks Intros Financial Engineering Toolbox
A companion to the Company's core product, MATLAB, the Financial Time
Series Toolbox is a set of tools designed for the analysis of time series
data.
NeoVista`s Data Mining To Be Added To Accrue Insight
Accrue Software, Inc., a leading provider of eBusiness analysis software
and services, announced today that it has signed a definitive agreement to
acquire NeoVista Software, Inc., a privately held company that develops
analytical applications based on advanced data mining technologies for large
retail, financial services and insurance enterprises.
Partnership Provides Web-Based Business Intelligence
Metagenix's MetaRecon software, a CASE tool for managing the entire
data warehousing process, combined with InterNetivity's dbProbe business
intelligence solution, brings to the data warehousing market an end-to-end
solution to further streamline business processes.
Sand Technology Launches Nucleus 2.5
Nucleus comprises two tools. Nucleus Exploration Warehouse is a
prototyping and development facility for data warehouse designers that
allows fast and simple data acquisition, assimilation, and validation.
Nucleus Exploration Mart is a powerful analytical processing tool for end
users of existing data marts and warehouses.
Visual Insights Inks Reseller Pact With Time
Under this agreement, Time and its business partners will use Visual
Insights' interactive data visualization components to analyze e-commerce
patterns and customer behavior in a digital marketplace.
"Analyzing basic demographics doesn't provide enough information to stay competitive. Determining the truly profitable customers requires an understanding of customer behavior."
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