The Stitch Labs' in-house data science team has added a sales forecasting feature to its inventory management product to aid SMB retailers in making better inventory purchasing and storage decisions.
Aimed at reducing the need for manual investigation due to high false positive rates and improving Anti Money Laundering (AML) detections and conviction rates, Databricks and Tresata launched a predictive, real-time AML tool for large financial institutions this week.
Sumo Logic, a machine data analytics service, unveiled outlier detection and predictive analytics capabilities to augment its machine learning and anomaly detection engine. Both are available to Sumo Logic Enterprise Edition users at no cost.
Predictive marketing has been a troublesome challenge for some time now. Salesforce is aiming to alleviate many of the associated frustrations through its recently announced Predictive Decisions capability which promises to put data science squarely in the hands of marketers.
The march towards data democratization continues as vendor after vendor announces new tools and functionalities to enable business analysts to work directly with data. The latest is Lavastorm which has just announced a new functionality within its Lavastorm Analytics Engine that arms business analysts with predictive analytics.
TIBCO is all about infrastructure and BI; Lavastorm Analytics is all about agile data management and analytics. They just announced that together they're seriously busy extending their relationship and predictive analytics.
Now that the economy is recovering and employee retention, particularly of top talent, is a thing again, some companies are turning to predictive analytics to give employers a heads up on an employee preparing to jump ship. The goal, at least for now, is to enable the employer to intervene and do whatever it takes to hold onto that talent. But employees may soon see a downside to this use of analytics.
Heng Xu, associate professor of information sciences and technology at Penn State, is using big data to find hidden patterns to identify influences and influencers in fashion design in order to find emerging trends. The researchers, led by Xu, analyzed 6,629 runway reviews of 816 designers covering 30 fashion seasons over the past four years.
CenturyLink, the third largest telecommunications company in the U.S., announced that is has acquired Cognilytics, a big data and predictive analytics company based in San Jose.
Pratt & Whitney is using predictive analytics to expand its business model, specifically through new and enhanced services initiated through its many-sensored products. The move to predictive analytics "is really a paradigm shift in the way the business has to operate," CIO Larry Volz says in an interview with The Wall Street Journal.