David Menninger's Analyst Perspectives

RapidMiner Brings Self-Service to Predictive Analytics

Posted by David Menninger on Jul 28, 2016 3:45:18 AM

Predictive analytics is a rewarding yet challenging subject. In our benchmark research on next-generation predictive analytics at least half the participants reported that predictive analytics allows them to achieve competitive advantage (57%) and create new revenue opportunities (50%). Yet even more participants said that users of predictive analytics don’t have enough skills training to produce their own analyses (79%) and don’t understand the mathematics involved (66%). (In the term “predictive analytics” I include all types of data science, not just one particular type of analysis.)

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Topics: Business Analytics, Business Intelligence, Business Performance, Cloud Computing, data science, Uncategorized

Data Lakes: Safe Way to Swim in Big Data?

Posted by David Menninger on May 11, 2016 9:20:56 AM

It has been more than five years since James Dixon of Pentaho coined the term “data lake.” His original post suggests, “If you think of a data mart as a store of bottled water – cleansed and packaged and structured for easy consumption – the data lake is a large body of water in a more natural state.” The analogy is a simple one, but in my experience talking with many end users there is still mystery surrounding the concept. In this post I’d like to clarify what a data lake is, review the reasons an organization might consider using one and the challenges they present, and outline some developments in software tools that support data lakes.

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Topics: Big Data, Business Analytics, Business Intelligence, Data Governance, Data Lake, data science, Governance, Risk & Compliance (GRC), Information Management, Predictive Analytics, Social Media, Uncategorized, Strata+Hadoop