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STATISTICA
Short examples and tips on how to use different STATISTICA features. Share data mining experiences and examples. Tips for developing with STATISTICA (Visual Basic, .NET). Explore recent statistical news.
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Controlling weather with a hammer? Trends in predictive and advanced analytics

by STATISTICA on Thursday, September 11, 2014 11:02 AM

Logo for Scientific Computing World magazineStatSoft co-founders Thomas Hill and Paul Lewicki were invited to contribute a forward-looking article to the 20th anniversary issue of Scientific Computing World, a publication that has reviewed the Statistica product several times over the years.

With 30 years of the Statistica legacy behind them, and now as executive directors with Dell Software Group, Hill and Lewicki took this opportunity to consider what they believe are the top changes and trends driving the current and next waves of analytics technologies...

  Read the full article >>

big data
predictive analytics
prescriptive analytics
technology

Dell Software Execs on Analytics, Data Mining, and Statistica future

by STATISTICA on Wednesday, August 06, 2014 1:40 PM
KDnuggets logoIn June, KDnuggets.com's Dr. Gregory Piatetsky published a summary of 2014 KDnuggets Annual Analytics/Data Mining Software Poll results. In his accompanying commentary, he observed, "Statistica's share has now declined for 2 years in a row (from 14% in 2012 to 9% in 2013 and 1.7% in 2014). With the recent acquisition by Dell, it seems likely that Statistica will continue to lose market and mind share."
 
This comment, of course, got our attention...
KDnuggets
STATISTICA
Dell Software
StatSoft

Why the best experts can’t always explain what they’re doing

by STATISTICA on Tuesday, August 05, 2014 1:25 PM

presenterAn engineer once told me this joke: A spider asked the centipede, “You have so many legs; how do you coordinate them all to walk?” The centipede pondered this question for a while, then a while longer, and longer; and the centipede never walked again.

Many industries are buried in data to the point that it overwhelms the traditional approaches to process monitoring and root cause analysis performed by process experts. Yet, human process experts can often develop a “sixth sense” about even the most complex processes...but, like the centipede, they may not be able to provide any insights on how they accomplish this feat...

big data
predictive analytics
cognitive psychology
expertise

Predicting Best Treatment for an Individual Using Weight of Evidence (WoE) and Automatic Binning of Continuous Variables, Leading to Decisioning

by STATISTICA on Wednesday, July 09, 2014 7:36 AM

Linda A. Winters-Miner, Ph.D.Guest-authored by Linda A. Winters-Miner, Ph.D., of Southern Nazarene University in Tulsa, this mini-tutorial comprises excerpts of two tutorials from a book to be released this summer titled Practical Predictive Analytics & Decisioning Systems for Medicine by Winters-Miner, Bolding, Goldstein, Hilbe, Hill, Nisbet, Walton, and Miner (2014).

The first part is the introductory text from a tutorial (F-2) that concerns weight loss, which was authored by Winters-Miner (2014). The second part is a tutorial (J-2) that concerns the medical condition Disseminated Intravascular Coagulation (DIC), which was authored by Khichi, Parsons, and Winters-Miner (2014).

It is hoped that, by combining some aspects of both tutorials here, this mini-tutorial will provide the reader some understanding of the practical utility of WoE and automatic binning processes.

predictive analytics
predictive modeling
weight of evidence
automatic binning
WoE
C&RT
healthcare

Why predictions go wrong – and how to prevent it

by STATISTICA on Tuesday, June 10, 2014 5:31 AM
StatSoft STATISTICA thomas hill blog photo from TechPageOne.Dell.comA few years ago, I received a monthly mail-order catalog featuring various pieces of self-defense weaponry, including things like brass knuckles, nunchucks, assault knives, throwing stars, and other combat fighting “systems.”
 
As anyone who knows me can attest, this was clearly an example of market segmentation and propensity modeling gone amok—and a waste of money on the part of the company that sent me the catalog...
predictive modeling
propensity modeling
martial arts
customer segmentation

Completing the value chain: data, insight, action

by STATISTICA on Monday, May 19, 2014 12:15 PM
arrowsI sometimes like to point out that I have predicted every stock market crash in the past 30 years—after they happened. Obviously, reporting on what happened to gain insight is interesting and perhaps useful, but the value of predicting outcomes and “pre-acting” rather than reacting to those outcomes can be priceless.
 
So what are the real challenges to adopting successfully predictive and prescriptive analytics? The biggest challenge in any such project—in order to incorporate these technologies into mission critical processes—is...
predictive analytics
Dell Software

Credit Scoring at Novum Bank: Data Mining defines success in high risk lending

by STATISTICA on Friday, May 02, 2014 6:46 AM

credit scoring magnifying glass

StatSoft Benelux recently conducted a successful STATISTICA implementation with Novum Bank in the Netherlands, where accurate credit scoring is crucial to the bank's margins, especially in the area of micro-credit. Novum's chief credit risk officer, Johannes "Joop" Bruinzeel, tells the whole story in an interview with Credit Expo, a Dutch newsportal for credit management. We've translated it to English...
credit scoring
predictive analytics
novum
netherlands
banking

StatSoft is now part of Dell

by STATISTICA on Monday, March 24, 2014 4:00 AM

Dell logo[TULSA, OK, USA, March 24, 2014 ] — StatSoft is proud to announce today that we have joined forces with Dell and Dell’s Information Management Group, one of the largest providers of end-to-end BI and analytic solutions in the market. As of today, StatSoft is part of the Dell organization.

Full story...

Dell
Software Management
Software Management Group
advanced analytics

StatSoft Poland Showcases Successes at Annual Seminar

by STATISTICA on Sunday, November 03, 2013 11:36 AM

2013 StatSoft Poland seminarStatSoft Poland recently concluded its popular, annual series of data mining / data analysis seminars in Warsaw during October. Drawing roughly 650 attendees, this year’s presentations centered on improvement of production processes, covering applications in manufacturing and scientific research, as well as specific use cases by StatSoft customers AMCOR and ADFORS...

Poland
data mining
amcor
adfors

StatSoft Expert Weighs In on Big Data Modeling at PAW

by STATISTICA on Friday, November 01, 2013 10:20 AM

Gary Miner portraitAt the recent Predictive Analytics World event in Boston, StatSoft Sr. Statistician Gary Miner, Ph.D., participated in the "Big Data Expert Panel," moderated by PAW Founder Eric Siegel.

According to Ed Burns, site editor of SearchBusinessAnalytics.com, Dr. Miner and a fellow panelist were of the opinion that improving predictive models alone is more efficient than striving for (the unattainable) 100% data. Other panelists suggested that broader, bigger data collection does have its place, though this place varies industry by industry...

big data
predictive analytics
predictive models
Content

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