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Posts Tagged ‘spss

The New Statistics

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Are you a statistics geek?

IBM SPSS Statistics is an integrated family of products that addresses the entire analytical process, from planning to data collection to analysis, reporting and deployment. The newest version addresses the unique needs of big data analysis and also adds some compelling risk probability capabilities via new “Monte Carlo” simulations.

Do you want to become a statistics geek?

I’m generally a words guy myself, but numbers have their place.

And increasingly, what we as mere mortals can do with those numbers using increasingly friendly, utilitarian software is making it easier than ever to manipulate numbers.

When I was in graduate school working on my master’s degree, I was exposed to statistics, and had to learn how to run stats on a mainframe computer using SPSS software.

It was anything but user friendly. For many of you, that may sound familiar.

But that has changed.  And  just today, IBM announced the newest version of IBM SPSS Statistics software (V 21), and the new enhancements are intended to ensure that the most advanced analytics techniques are available to business users, analysts, stats geeks, and the like.

Those new enhancements include simulation modeling (with Monte Carlo risk simulation capabilities), improved support for big data analysis, and improved integration with common data types and external programming languages.

You can learn more about the new SPSS here, and note, on the first page you can get both a video overview of the product, as well as a demo of the new Monte Carlo simulation capability.

Written by turbotodd

August 15, 2012 at 2:51 pm

Predictive Perspectives

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If you’ve been reading this blog for any length of time (and I don’t just mean for the past five minutes), then you know I’ve been focusing coverage more and more around the topic of business analytics.

Not only because it’s something IBM has been focused more and more on (considering our investments in acquiring Cognos, SPSS, and other analytics-software-oriented vendors, as well as our major ramp-up in the Business Analytics and Optimization services space).

No, but also because it just makes good business sense. We find ourselves in a world where financial resources are more limited than ever, and prioritization by government, industry, and even individuals of those precious resources has probably never been more important.

Some of those tools include the ability to more effectively predict change and outcomes using technology, which is why I wanted to share some information passed along to me earlier today by one of my colleagues in our SPSS group.

If you’ve been wanting to get the lowdown on SPSS, and how predictive analytics can help your organization, look no further.

There are a series of events occurring in the U.S. and Canada starting on August 19 in the City of Angels (Los Angeles) called “Predictive Perspectives.”

At each event, there will be three tracks: 1) Predictive Analytics Overview 2) Technology Deep Dive and 3) Business Intelligence and Management Overview

Check out the overview of this series here.

It will be a great (and free) venue at which you can learn more about predictive analytics.

Written by turbotodd

August 9, 2010 at 9:44 pm

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