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“Data science begins with data. Nothing gets built without data. Data science continues with science. Accurate, persuasive and effective prediction requires patterns. The process of discovering that pattern is science. Any product worth building requires a reliable pattern to exist in the data.”
– Christopher Berry, co-founder and chief science officer of Authintic, in his article on recommendation engines in the current issue of Analytics.
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Industry NewsSmart grid analytics ROI to exceed $121.8 billion globally by 2020
Utilities worldwide must maximize efficiency for constrained energy resources. Many are realizing the smart grid vision by using SAS Analytics and SAS Data Management to discover powerful insights buried in volumes of new data. SAS enables utilities to harness data for pinpoint control and monitoring, usage and demand forecasting, rapid diagnosis and repair, as well as predicting output from renewable sources such as solar and wind. For those capabilities, business analytics leader SAS is ranked No. 1 for smart grid analytics and data management/movement in the recently released utility industry report, “The Soft Grid 2013-2020: Big Data & Utility Analytics for the Smart Grid,” by GTM Research.
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Industry NewsFICO analytic cloud to enable real-time customer engagement
FICO will deliver its analytic-powered customer engagement services via the new FICO Analytic Cloud, for creating, customizing and deploying analytic-driven applications and services. Application developers, FICO clients and FICO partners will be able to take advantage of these services to rapidly create, execute and manage high-volume campaigns that engage customers in real-time with mass personalization across channels including brick-and-mortar, social and mobile.
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Special ArticlesStudy: Who can best manage ‘voice of the customer’?
Over the next three years, global organizations will make understanding and interacting with the customer their top priority. So says a new study from The Economist Intelligence Unit titled, “Voice of the customer: Whose job is it, anyway?” Yet only 56 percent of respondents to the survey, sponsored by SAS, believe their companies clearly understand the customer today.
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Wednesday, 20 June 2012 00:00 | Last Updated on Wednesday, 20 June 2012 19:47 | 
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Headlines
Yellowfin 6.1 delivers self-service BI
Global business intelligence (BI) vendor Yellowfin recently introduced Yellowfin 6.1, the latest release of its self-service BI software package that features several major additions and enhancements.
“The BI industry is in the midst of dramatic change,” says Yellowfin CEO Glen Rabie. “Now more than ever before, BI deployments are focused on equipping business users with the operational information they need to perform – BI is no longer just a tool for data analysts. Yellowfin’s first-place ranking in this year’s Dresner Advisory Service [DAS] Wisdom of Crowds Business Intelligence Market Study is evidence of our enhanced capacity to deliver on that focus.”
Yellowfin received the highest overall ranking in DAS’ 2012 Wisdom of BI Market Study and the highest outright score in the study’s “Emerging Business Intelligence Vendors” sub group. The global study compared and ranked 17 of the world’s foremost BI vendors on a five-point scale, across 33 different criteria, based on seven categories, including: sales experience, value, quality and usefulness of product, quality of technical support, quality and value of consulting services, integrity and whether existing clients would recommend the vendor and its product to others.
Major features, enhancements and improvements of Yellowfin 6.1 include:
• A new native application for the iPhone – to complement Yellowfin’s new iPad application – that delivers a unique consumer-oriented mobile reporting and analytics experience.
• Enhanced mapping capabilities via the ability to apply geometry data to Google maps.
• Multilingual displays – users logging in from different countries will have the ability to read reports in different languages.
• Restyled User Interfaces (UIs) for collaboration to facilitate faster, simplified information sharing and content collaboration.
• Support for a greater range of databases to satisfy organizations’ growing big data needs. New databases supported include D3, Connection Cloud, Lucid, Greenplum, Hadoop, SAP Hana, Vertica and SAS dataset connection.
“Yellowfin 6.1 acknowledges non-technical BI consumers as the new predominant audience for BI,” Rabie adds. “All the major enhancements in Yellowfin 6.1 … are all about enabling more people, from more business backgrounds, to access, share and understand more data in order to make the best decisions possible.”
For detail on all UI, analysis and miscellaneous additions or improvements, as well as a comprehensive overview of all 6.1 product enhancements, download the Yellowfin 6.1 Release Notes.