I've covered this before , but there is palpable excitement in the air as there are literally minutes before an IBM computer competes against Jeopardy all-time champions Ken Jennings and Brad Rutter (see here for local US show times ). Delaney Turner over on the IBM Software Blog does an excellent job of running through the different ways you can connect and learn more about every aspect of IBM Watson and this fascinating project . For those interested in some of the specs of Whatson, check out this technical post on Wikibon . On February... [More]
When I was growing up, election coverage was characterized by an exuberant political pundit leaping around large cardboard charts of the UK with the kind of coloring normally reserved for the weather report. The ‘exit polls’ we were familiar with only updated about every four hours and only included those people who were prepared to be cornered by the political researchers hanging around near polling stations. Fast forward to 2011. We currently have a general election unfolding in Ireland. The Irish online news site The Journal has been... [More]
SPSS have put out a case study showing how the Central Iowa Power Cooperative (CIPCO) switched from using Excel spreadsheets to IBM SPSS Statistics to optimize those decisions an energy utility provider has to make: capital planning, utility rate setting, power purchases, emissions tracking and more.
Given that energy requirements: supply, demand, price can shift on an hourly basis, tracking these across the 3,000 power nodes CIPCO provides is no trivial matter. As CIPCO's Lisa Sell points out, "IBM SPSS Statistics gives us the power... [More]
Christopher Hosford over at BtoB Magazine ran an interesting piece on IBM's foray into the field of marketing automation focusing on the recent spate of acquisitions here at IBM. I thought it would be worth expounding on how each of these acquisitions fits into the notion of a holistic marketing automation solution - using an example that hopefully most of us can relate to: internet retail.
Internet retailers use web analytics to explore which parts of their site are most effective, which channels are driving most visitors... [More]
Jeff Jonas, chief scientist at IBM's Entity Analytics group, recently sat down with Forbes' Kym McNicholas to explain IBM's strategy in the growing business analytics space. Here are some of the key themes Jeff discussed: Enhanced customer service Business analytics allows businesses to make smarter decisions at the point of interaction, whether that is an application for a credit card, or an order coming in to a call center. Another facet is the growth of geolocation services like Foursquare and Gowalla giving us much richer information on... [More]
Wanted to post responses to some of the questions from the webinar today, and follow up on those from last month.
First off, a huge thanks to everyone who took the time to attend (especially to those far from this timezone), and also, thanks for the compliments and support - though I'm not sure my ego will fit in my cubicle now
Now to the questions:
"Where can I find the recording for this session, previous session, etc...?"
Many questions about the first session, and about getting recordings of that - Tim is on... [More]
Sales & Operations Planning
This is the process where future supply and demand requirements are collaboratively compiled and readied for review to ensure the organization's prepared for what's to come. Most organizations are effective at this as a stand alone activity. The problem is the missed advantages that can be gained by fully aligning the S&OP with the financial plan. Doing this results in greater corporate alignment, improved information transparency, and more timely and effective organizational... [More]
Currently, our external reporting requirements here in America are based upon Generally Accepted Accounting Principles, or GAAP, designed to reveal important information about companies that dominated the landscape when GAAP was developed in the early 20th century. Railroads, auto makers and manufacturing enterprises dominated the U.S. economy at that time. These builders were from the old school industrialized economy model where their company's value was inherently based upon the assets on their balance sheet. These assets... [More]
At IBM’s 2013 Business A nalytics Forum beginning this week, there are tracks and sessions across the entire Business Analytics software portfolio in which I hope you’re participating.
Because the AnalyticsZone has a Predictive Analytics-focused community and a related software download – SPSS Statistics – as well as a demo sandbox of IBM SPSS Analytic Catalyst I want to especially highlight these IBM SPSS-related sessions. Yes, these IBM SPSS Statistics and IBM SPSS Analytic Catalyst sessions, including name,... [More]
Books. There's all genres. Business. Nonfiction, Fiction, History, Current Events, Biographies, Mysteries and on and on. Whatever the genre there's nothing like a great book. They can entertain you, inform you of information you'd otherwise never know, challenge your thinking, and even change your life. Many people like to read so much that they'll take on multiple books at a time each serving a different purpose: one, current events; another, fiction; a third, history; a fourth, humor, etc. I... [More]
There are certainly many challenges facing finance, IT and risk management professionals as they grapple with the changing regulatory, compliance and risk management landscape. IBM has a solution portfolio including IBM Cognos FSR and IBM Openpages to harness, automate and enable effective management of these practices to which I want to give you a brief introduction.
Many customers have benefited from these solutions including a few mentioned below:
Omnicom Group - In the first two years of... [More]
The power of personally-assigned key performance indicators, or KPIs, is tremendous. If done incorrectly, KPIs might be used like a drunk would use a light post, for support not illumination. You could call KPIs industry-speak for one method to measure employee, departmental and/or organizational performance. If effectively constructed, they can drive the right workforce actions supporting strategic and operational objectives. KPIs could be tied to achieving an operational goal, such as on-time customer shipments,... [More]
Finance teams are the analytics captains of the corporate ship empowered to provide upper management, business units and support units like HR, IT and Procurement with all the data points to fully understand past, present and future performance for decision making. However, as is often the case, because of the ever expanding list of corporate information systems and growing regulatory requirements shouldered by finance departments, the corporation's most important analytical asset remains mired in just completing mandatory tasks... [More]
Getting the workforce to make the right decisions that support organizational strategy is a challenge every business faces. If your business struggles with this you shouldn't feel alone because this dilemma dates all the way back to the days of the Roman Empire as they struggled to keep their distant republics aligned with their centralized policy-making.
How does your company ensure the workforce is doing the right things day-to-day while avoiding the never-ending red herring traps that can pull them into less critical, time... [More]
“Get your house in order.” I hear politicians repeatedly using this phrase: “Before we start talking new taxes or entitlement reforms we gotta get our house in order.” Sports figures too: “We had a great practice today but, before we think about competing for the division title, we gotta get our house in order.”
Relating this expression to the processes owned by the finance team, the house that most often needs to get in order is the Close, Consolidate, Report & File process, or... [More]