BIIA finds the recent FICO Banking Analytics Blog written by James Taylor, CEO of Decision Management Solutions of particular interest:
“Individually, predictive analytics and cloud computing are hot topics in business today. But what’s the potential for the intersection of these two exciting technologies?
Based on new research and a recent survey of over 200 professionals, cloud-based predictive analytics are indeed poised for rapid growth. While industries vary in their maturity, the use of cloud-based predictive analytics to improve an organization’s focus on customers is particularly powerful. As early adopters look likely to build a sustained competitive advantage, organizations should have a plan to rapidly adopt cloud-based predictive analytics to avoid being left behind.
There were a number of interesting implications from the survey results: It is business solutions which companies need and predictive analytics are showing real strength. Customers are the focus and cloud based analytics scenarios are gaining momentum. “
Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.
The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.
