predictive analytics
Prediction Impact Bi-Annual Newsletter September, 2009

Predictive Analytics events and news in this edition:

Webinar: The Top Business Applications of Predictive Analytics
Article: Interview with a Layman Leading the Netflix Prize
Webinar: Optimizing Business Decisions with Predictive Analytics
Conference: Extra Value at Predictive Analytics World - Oct 20-21
Poll: Take the PAW MicroPoll - Results in 15 Seconds
Tutorial: The Top 7 Business Applications of Predictive Analytics
Training Seminar: Predictive Analytics - Nov 11-12
Online Course: Predictive Analytics Applied - On-demand any time
Call-For-Speakers: Predictive Analytics World, Feb 16-17
Services: Predictive Analytics Consultation and Resources


Webinar Tomorrow: The Top Business Applications of Predictive Analytics - Sept 23

ImageWebinar: Sept 23, 2009, 1:00pm ET (10am PT)

Driving Decisions with Predictive Analytics:
The Top Business Applications



Presented by:
Eric Siegel, Ph.D.
Conference Chair, Predictive Analytics World

The value proposition is straight-forward and proven: Predictive analytics produces business insight that delivers. The customer predictions generated by predictive analytics deliver more relevant content to each customer, improving response rates, click rates, buying behavior, retention and overall profit.

Harnessing value with predictive analytics depends on some careful choices: What kind of customer behavior you predict and which operational decisions you automate with it. In making these choices, you position precisely how this technology is applied.

Dr. Siegel will be joined by Anne Milley from SAS in a discussion of the top business applications of predictive analytics. Audience members will learn:

  • How predictive analytics automatically derives models for decision automation by learning from experience
  • The top business applications of analytical prediction

Click here to watch the archived webinar


Article: An Interview with a Layman Leading the Netflix Prize, Martin Chabbert

ImageNew article:

Casual Rocket Scientists:
An Interview with a Layman Leading the Netflix Prize, Martin Chabbert


By Eric Siegel, Ph.D.
Conference Chair, Predictive Analytics World

A couple of non-analytical laymen launched a mission to win the Netflix Prize, arguably the most high profile analytical competition to date. And these "casual part-timers" have succeeded - they compose one of three teams that together won the Prize. Martin Chabbert provides a tell-all interview, advocating adept engineering over innovative science. Their work and this competition as a whole are so cutting-edge, they make the space race look like good ol' "Flash Gordon"...

Click here for the entire article


Webinar: Optimizing Business Decisions with Predictive Analytics - Sept 30

ImageDecision Management Solutions webinar: Sept 30, 1:00pm ET (10am PT)

Optimizing Business Decisions:
How Best to Apply Predictive Analytics




Presented by:
Eric Siegel, Ph.D.
Conference Chair, Predictive Analytics World

Harnessing value with predictive analytics depends on some careful choices: What kind of customer behavior you predict and which operational decisions you automate with it. This webinar will guide you in making these choices, and cover a healthy dose of the core technology along the way.

Part of the Decision Management Solutions webinar series.

Click here to watch archived webinar


Extra Value at Predictive Analytics World - Oct 20-21 in DC

Image

PAW's October 20-21 Washington DC program includes 25 sessions divulging how more than 20 brand name companies across a dozen industry verticals apply predictive analytics to over 10 business uses by employing the hottest advanced analytical methods. See the entire conference agenda at a glance, or check out an agenda overview.


See the video introduction to PAW by conference chair Eric Siegel, Ph.D.

Extra Value Workshops. Sign up for one of PAW's leading-edge Workshops and receive these great benefits:

  • PAW's hands-on workshop, lead by Dean Abbott, has chosen its tool: SAS Enterprise Miner. So attend Hands-On Predictive Analytics for direct experience applying the industry best practices process, and ramp up on this industry-leading tool to boot.

  • A free copy of Dr. John Elder's just released Handbook of Statistical Analysis and Data Mining Applications book is yours if you attend John's Predictive Modeling Methods and Common Data Mining Mistakes workshop.

  • A free copy of James Taylor's book Smart Enough Systems: How to Deliver Competitive Advantage by Automating Hidden Decisions is yours if you attend James's Putting Predictive Analytics to Work workshop.

See the video introduction to PAW


Take the PAW MicroPoll - Results in 15 Seconds

ImageAnswer one question about Predictive Analytics World"What's most compelling about this conference?" and see the current poll results immediately.

Click here for the PAW MicroPoll


Tutorial: The Top Seven Business Applications of Predictive Analytics

ImageDate: November 2, 9:00am - 12:00pm
Place: Las Vegas, NV

The Business Rules Forum, and the colocated Enterprise Decision Management Summit, will include the following pre-conference 3-hour tutorial:

Driving Decisions with Predictive Analytics:
The Top Seven Business Applications


Instructor: Eric Siegel, Ph.D.

Harnessing value with predictive analytics depends on some careful choices: What kind of customer behavior you predict and which operational decisions you automate with it. This workshop will guide you in making these choices, and cover a healthy dose of the core technology along the way.

Click here for more information


Training: Predictive Analytics for Business, Marketing & Web - Nov 11-12, San Francisco

ImageProgram: Predictive Analytics for Business, Marketing and Web
Dates: Two-day intensive sessions in Nov 11-12, 2009
Locations: San Francisco

98% of attendees since Oct. 2008 rated this program Excellent or Very Good. (details)

**The official training program of Predictive Analytics World**

Bring this course on-site. Give your personnel a complete understanding of predictive analytics, on your premises and at your convenience.

About This Seminar
Business metrics do a great job summarizing the past. But if you want to predict how customers will respond in the future, there is one place to turn¸ - predictive analytics. By learning from your abundant historical data, predictive analytics provides the marketer something beyond standard business reports and sales forecasts: actionable predictions for each customer. These predictions encompass all channels, both online and off, foreseeing which customers will buy, click, respond, convert or cancel. If you predict it, you own it.

The customer predictions generated by predictive analytics deliver more relevant content to each customer, improving response rates, click rates, buying behavior, retention and overall profit. For online applications such as e-marketing and customer care recommendations, predictive analytics acts in real-time, dynamically selecting the ad, web content or cross-sell product each visitor is most likely to click on or respond to, according to that visitor's profile. This is AB selection, rather than just AB testing.

Predictive Analytics for Business, Marketing and Web is a concentrated training program that includes interactive breakout sessions and a brief hands-on exercise. In two days we cover:

  • The techniques, tips and pointers you need in order to run a successful predictive analytics and data mining initiative
  • How to strategically position and tactically deploy predictive analytics and data mining at your company
  • How to bridge the prevalent gap between technical understanding and practical use
  • How a predictive model works, how it's created and how much revenue it generates
  • Several detailed case studies that demonstrate predictive analytics in action and make the concepts concrete

  • NEW TOPIC: Five Ways to Lower Costs with Predictive Analytics
Instructor: Eric Siegel, Ph.D.

No background in statistics or modeling is required. The only specific knowledge assumed for this training program is moderate experience with Microsoft Excel or equivalent.

Cross-Registration Special: Attendees earn $250 off the Predictive Analytics World Conference

For course details, topic outlines, instructor bio, venue information, registration, on-site training options, and registration specials, see:

www.predictionimpact.com/predictive-analytics-training.html


ONLINE COURSE: Predictive Analytics Applied

ImageAvailable on-demand, at your convenience - self-paced e-learning

Predictive analytics is business intelligence technology that produces a predictive score for each customer or prospect. Each customer's predictive score informs actions to be taken with that customer¸ - business intelligence just doesn't get more actionable than that.

Predictive Analytics Applied is a self-paced online course of four concentrated sessions of 60 to 90 minutes each covering:

  • Applications: Business, marketing and web problems solved with predictive analytics
  • Core technology: How a predictive model works and how it's created
  • Evaluation: Measuring how well a predictive model works and how much revenue it generates
  • Process: Management and project leadership for predictive analytics
  • Illustrations: Live demos and detailed case studies
  • Hands-on: Get your hands dirty for 20 minutes with a revealing Excel-based exercise
Personalized support: Online training participants also receive 30 minutes of Q-and-A support with the instructor via telephone or email.

Each session of this self-paced e-learning program may be viewed at your convenience. Since no travel is required and the registration fee is one-third the fee of the in-person training, it provides an economical alternative for ramping up on predictive analytics.

View the free sneak preview video right now

Instructor: Eric Siegel, Ph.D.

Cross-Registration Special: Participants may apply half the registration fee towards the Predictive Analytics World Conference.

For more information and to register for immediate access, see:

www.predictionimpact.com/predictive-analytics-online-training.html


Call-For-Speakers: Predictive Analytics World, Feb 16-17 in San Francisco

ImageThe next Predictive Analytics World is October 20-21, 2009, in Washington DC - see the full program here - but it's time to plan the program for the one thereafter, PAW February 16-17, 2010 in downtown San Francisco, CA at the Palace Hotel.

Join Predictive Analytics World (www.predictiveanalyticsworld.com) to share how predictive analytics delivers a business impact for your organization. Here is the opportunity to present your work deploying predictive analytics, predictive modeling, product recommendations, response modeling, churn modeling, behavior-based content/ad selection, customer segmentation, fraud detection or other incarnations of predictive analytics.

The PAW call-for-speakers has been updated - if you are considering submitting, please give it a complete read-through. If you are a software vendor, be sure to note the new restriction on vendor sessions.

Speaker Proposals Deadline: Sept 25, 2009

Click here for the PAW call-for-speakers


SERVICES: Predictive Analytics Consultation and Resources

Image


"With predictive analytics, each customer's predictive score informs what action to take with that customer. Business intelligence just doesn't get more actionable than that!"

- Eric Siegel, Ph.D., President

Based in San Francisco, Prediction Impact, Inc. (www.PredictionImpact.com) provides consulting services over a range of disciplines, including predictive analytics, data mining, business intelligence, and text mining. Prediction Impact consultants have gained a great deal of commercial experience, working with large banks, manufacturers, retail firms, and online businesses, and enabling these organizations to learn from their data. Most Prediction Impact consultants have earned advanced degrees in relevant fields, demonstrating adept familiarity with core predictive modeling methods.

For more information, contact Eric Siegel, Ph.D., President:

phone: (415) 683-1146
email: eric@predictionimpact.com

www.PredictionImpact.com

 
Conference
Predictive Analytics World
Predictive Analytics World

Book

PREDICTIVE ANALYTICS:
The Power to Predict Who Will Click, Buy, Lie, or Die

Predictive Analytics: The Power to Predict Who Will Click, Buy, Lie, or Die

Read this rich, entertaining primer by Predictive Analytics World founder Eric Siegel. More info

 
Online Training
Predictive analytics training - online

Predictive Analytics Applied

This online, on-demand workshop covers predictive analytics for business, marketing and web.

 
News
Predictive Analytics Times

Predictive Analytics Times

The predictive analytics professionals' premier resource: articles, videos, events, community.

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Analytics Information
Predictive Analytics Guide

Predictive Analytics Guide

Predictive Analytics reading, training options, conferences and other resources.