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Information Builders to Deliver WebFOCUS RStat

Originally published June 3, 2008

Information Builders, recently announced plans to deliver WebFOCUS RStat, the first BI platform to enable data miners, statisticians, BI developers, and analysts to collaboratively build predictive applications for field and operational employees. By integrating a leading open source engine with WebFOCUS, Information Builders will extend the value and accessibility of predictive analytics in production BI applications across the enterprise.

Today's transactional systems capture and store large volumes of multi-dimensional data. With hundreds of variables, the possibilities to slice and dice can quickly become as overwhelming as an Excel report or PivotTable with hundreds of columns and thousands of rows. Data mining and statistics are more efficient methods to analyze such data sets because analysts can quickly understand which of the many variables are important.
Furthermore, they can use the historical data to generate predictions about the future for anything from credit risk and crime occurrence to insurance and medical risks.

"Data mining has been largely excluded from mainstream BI applications, managed as one-off projects where a specialist conducts the analysis and reports the findings,” says Information Builders CEO and Founder Gerald Cohen. "Very rarely has prediction become part of the daily operations of field workers. Information Builders believes that every decision-maker at any level in the organization can and should benefit from access to predictive modeling applications. Embedding them within WebFOCUS allows us to extend the use of these models to users on all platforms in many, many different kinds of applications.”

This BeyeNETWORK news item contains information from a recent press release by the company mentioned.