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Predictive Analytics at the Speed of Business How decision management and a real-time infrastructure get predictive analytics where and when you need them

Predictive Analytics at the Speed of Business - Zementis · PDF filePredictive Analytics at the Speed of Business How decision management and a real-time infrastructure get ... PMML

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Predictive Analytics

at the

Speed of Business

How decision management and a real-time infrastructure get

predictive analytics where and when you need them

©2012 Decision Management Solutions 1

Your presenters

James Taylor, CEO, Decision

Management Solutions

Works with clients to improve their

business by applying analytic

technology to automate & improve

decisions

Expert in Decision Management and

developing Decision Management

Systems

Dr. Alex Guazzelli, Vice President of

Analytics at Zementis

Works with clients to put their

predictive solutions to work: on site,

in the cloud, in-database, or using

Hadoop.

PMML Evangelist

Expert in Predictive Analytics

©2012 Decision Management Solutions 2

What speed are your analytics running at?

1 2 3

4 5 6

AGENDA

Challenges in

Getting a Return

on Predictive

Analytics

Why Faster

Decisions

How to Speed up

Predictive

Analytics

Demo: Qualify

for a Mortgage

Loan

Questions? Win a book!

©2012 Decision Management Solutions 3

©2012 Decision Management Solutions 4

Most analytics are stuck in low gear

Data

Model

Batch

Deploy (maybe)

©2012 Decision Management Solutions 5

But today’s world is in high gear

©2012 Decision Management Solutions 6

Time to change gears

Accelerate the Deployment

Process

Reduce Costs

Deploy analytics where and when

needed

Why Faster Decisions

Faster decisions increase business value

Business

event

Action taken

Decision latency

8 ©2012 Decision Management Solutions

Decision Management

Agile

Adaptive

Analytic

9 ©2012 Decision Management Solutions

How To Speed Up

Predictive Analytics

©2012 Decision Management Solutions 11

Decision Management Speeds up Analytics

Improve

Continuously improve decision and analytic results over time

Deploy

Deploy to a real-time operational infrastructure

Rules

Apply the rules of the business - regulations, policies, best practices

Models

Rapidly build models that can influence these decisions

Decisions

Discover the operational decisions with highest ROI

©2012 Decision Management Solutions 12

Discover High ROI Decisions

Eligibility Validation Calculation

Risk Fraud Opportunity

©2012 Decision Management Solutions 13

Analytics power these decisions

How do I…

prevent this customer from

churning?

make this offer compelling to

this person?

correctly estimate the risk of this

transaction?

It’s not about “aha” moments

It’s about making better operational decisions

©2012 Decision Management Solutions 14

The ROI of these decisions comes from scale

Strategic

Decision

Tactical

Decision

Operational

Decision

©2012 Decision Management Solutions 15

Decisions provide context

Processes Activities require decisions

Events Trigger decisions

Systems Implement decisions

Organizational Units Make decisions

Own decisions

Are impacted by decisions

Know which business processes will be improved by your analytics

Know when your analytics might be calculated

Know how you will have to deploy your analytics

Know who cares about your analytics and who will have to believe them

©2012 Decision Management Solutions 16

Understand decisions to improve them

©2012 Decision Management Solutions 17

Embedding predictive analytics is key

Decision

?

?

©2012 Decision Management Solutions 18

From Model Building to Deployment: THEN

©2012 Decision Management Solutions 19

From Model Building to Deployment: NOW

©2012 Decision Management Solutions 20

A few words about PMML

©2012 Decision Management Solutions 21

Apply rules to complete decisions

Decision

©2012 Decision Management Solutions 22

Ensure continuous improvement

Qualifying for a Mortgage Loan - Demo

©2012 Decision Management Solutions 24

Qualifying for a Mortgage Loan

Interactive Decision Diagram

©2012 Decision Management Solutions 25

Qualifying for a Mortgage Loan

ADAPA Web Console

Models, Rules, Reports & Resources

Downloading sample files

Uploading and verifying predictive models

Uploading and testing business rules

ADAPA Add-in for Excel

Web-Services

Scoring loan applications directly from Excel

Scoring tax data from Excel

©2012 Decision Management Solutions 26

A few words about ADAPA

©2012 Decision Management Solutions 27

Close the loop in your systems

Operational

Systems

Analytic

Systems

Decision

Decision

Management

and a real-time

infrastructure

link predictive

analytics to

operational

systems for

maximum ROI

Questions?

©2012 Decision Management Solutions 29

About Decision Management Solutions

Global clients in insurance, banking, healthcare, retail, travel, telco and financial services

Exclusively focused on helping companies

Adopt Decision Management Approach

Select Decision Management Technologies

Build Decision Management Systems with predictive analytics and business rules

Services, training and software solution to get started quickly and focus efforts cost effectively

©2012 Decision Management Solutions 30

About Zementis

Win a Book!

©2012 Decision Management Solutions 32

Decision Management Systems

What if you could make your systems active

participants in optimizing your business?

What if your systems could act intelligently

on their own?

Decision Management Systems can do all

that and more. This book shows how to

integrate operational and analytic

technologies to create more agile,

analytic, and adaptive systems.

Discount Code: TAYLOR4389

For more information about this new release, visit

www.decisionmanagementsolutions.com/book

©2012 Decision Management Solutions 33

PMML In Action (2nd Edition)

What if you could represent all your predictive

solutions using a common language?

What if these solutions could be deployed

right-away?

PMML, the Predictive Model Markup

Language, is the de facto standard to

represent predictive solutions. With

PMML, model deployment is instantaneous.

This book guides you through the

implementation of an entire solution in

PMML, from data transformations to

model. Amazon.com

(Paperback and Kindle)