BOBJ Predictive Analytics

[Doug Heywood]

Business Objects last week introduced the BusinessObjects Predictive Workbench, a rebranded version of the SPSS Clementine data mining workbench that has been integrated with the BusinessObjects XI platform. The attached pdf gives insight into the interface capabilities. The company claims the following, but we will see:

Uncover trends and patterns to reach organizational goals

Start uncovering trends and patterns in all the data already kept in any of your data warehouses or legacy systems. You can mine your universe of information to uncover new and old facts that will help you make better decisions everyday.

Forecast and anticipate future business conditions

Predictive Workbench is a powerful solution that can help serve as your crystal ball so that your organization remains more agile and stays one step ahead of the competition. The power of prediction analysis extends beyond customer acquisition, retention to help solve many industry specific problems. If you are struggling with forecasting warranty claims for products, finding the right pricing information for your customer segments, forecasting costs or strategic planning or any other challenges that require predictive insight, Predictive Workbench is the tool for your organization.

Use predictive analytics with innovative and proven BI capabilities

Results of Predictive Workbench are easily accessible from any BusinessObjects reports or dashboards—so users can see the list of profitable customer within BusinessObjects Web Intelligence reports or monitor customer profitability KPIs in Xcelsius or your Microsoft Office environment. Use the only predictive analytic solution integrated with award winning and customer proven business intelligence.

More details are attached.

[admin]

Thanks for the post Doug, sounds interesting.


I also note that at least a couple of other vendors have been moving into the same area lately (from a blog I read):

• Information Builders on June 3 announced it will add an analytics module called RStat to its WebFOCUS BI platform. To be released by year end, RStat will be built on the R open source project, which is popular in academic circles and used by some one million practitioners worldwide.
• Cognos, an IBM company, announced in March a joint marketing deal under which both companies will promote existing integrations between SPSS Clementine and Cognos 8 while also adding Cognos-compatible blueprints for predictive applications.

I especially like the IB product being based on the R open source project. I wonder what they will charge for it?

CORTEX admin

[Doug Heywood]

Cross-posted on the TM1 forum here.