market pulse

See what's happening in the fields of data mining, and its inevitable friends like business intelligence, predicative analytics, computaional intelligence..... the list could go as long as you might expect



FDA Post-Marketing Drug Safety analytics project went to production

September 8,2005


FDA is implementing Lincoln Technologies's WebVDME system for production and use by safety evaluators and epidemiologists in CDER's Division of Drug Risk Evaluation (DDRE) and CBER's Division of Epidemiology.  Lincoln Technologies was acquired by Phase Forward (NASDAQ: PFWD), a leading provider of data management solutions for clinical trials and drug safety. Refer to this KDD 03 paper  for technical details of this system.


SAS raises bar on data mining and text mining, improves predictive analytics
August 23,2005


SAS announced that enhancements to its award-winning data mining and text mining software will ship this fall. SAS' integrated data mining and text mining capabilities uncover insights quickly from information contained in structured data as well as unstructured data in large document collections

EXPERTS who mine nuggets of data
August 28,2005


Financial Times - London,England,UK ... It is known as "data mining" and is one of the specialist activities of a company that he formed with four statistician friends after a chance encounter ...

FBI awards data-mining contract to MicroStrategy
August 11,2005


MicroStrategy won a $1.6 million contract with the FBI, company officials said Thursday.The contract is in addition to a $750,000 award made in October to help the FBI consolidate its stockpile of information - the Investigative Data Warehouse.

Anticipation Games
June 13,2005

Successful models can pay off big. At LoanPerformance, a model that predicts which accounts that are 90 days in arrears will default saved one client $2 million in six months. The total cost of deployment was $400,000. Those types of returns are one reason why IDC research shows the sale of predictive analytics tools growing to $3 billion by 2008, which would be a nearly 40% increase from 2004. Such tools make up 25% of the business intelligence market. As the volumes of business data have increased, the desire to extract value from that information has intensified. Fortunately, predictive analytics tools have become easier to use, says Harmon, allowing more streamlined model-building workflows and enabling analysts steeped in business issues to do more without the involvement of statisticians. "This is where the future lies," he says. "The tools are being automated."




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