Third Party ERP Resources Need Proven Search Application
October 22, 2012
The article highlights that companies should weigh the options:
“Third-party ERP support is probably not a good choice for companies that consider it important to have access to a vendor’s current version, patches and updates, Scavo says. However, ‘I think there are plenty of examples of companies that have gone off maintenance and at some point in the future decided to come back to the vendor for an upgrade. It’s very hard to imagine a situation where the vendor will not take that customer’s business back,’ he says. Doing so might save you money.”
Autonomy Releases Policy Management Solution
October 4, 2012
A new solution for policy management has been launched by HP’s Autonomy, according to the article “New Autonomy Solution Helps Automate Policy Management” on Compliance Week. The product, HP TRIM 7.3, integrates Autonomy ControlPoint with records management to allow organizations to automatically apply policy based on meaning to structured as well as unstructured data. This release will give companies the power to understand and make use of the concepts and ideas within their data.
We learn more about the features in the article:
“The new features of HP TRIM 7.3 and Autonomy ControlPoint 3.0 are built on Autonomy’s Intelligent Data Operating Layer (IDOL) platform, which allow organizations to identify the location and compliance status of their information assets, and then apply the correct organizational policy. The policy includes security, storage, and retention settings for each asset. This enables organizations to achieve a new level of governance by removing the significant burden of traditional manual approaches.”
The solution also allows customers to identify, classify, and manage business records and mitigate risk by applying policy to content across multiple repositories. As Big Data overwhelms, businesses would be wise to employ such an effective data management solution. More information about TRIM can be found here.
Andrea Hayden, October 04, 2012
Sponsored by ArnoldIT.com, developer of Augmentext.
Intel Trax Top Stories September 20 to September 27
October 1, 2012
This week the IntelTrax advanced intelligence blog published a series of articles that explained the importance of integrating analytics solutions to increase performance efficiency within the workplace.
Big data can be quite confusing. That is why it is always great to listen to the opinions of experts in the field. “John Whittaker on the Need for Data Integration for Big Data Analytics” explains why successful big data analytics requires integrating data from a multitude of sources.
When explaining why big data integration is necessary, Whittaker said:
“One of the big aspects that people are trying to get a handle right now, and one of our major uses, is big data analytics. Once you get beyond the Google or Facebook use cases and start talking about how the rest of us will use big data, it is going to be analytics. Whenever you’re doing analytics, you want to marry information from different sources. You might want to be able to correlate what’s happening within your ERP and the operational data that might exist there, with experiential data from your website. The operational data often tends to reside in relational databases, but when you’re talking about experiential data, about how people are utilizing your website or what people are saying on social media about you, that sort of data resides within the unstructured big data world of Hadoop. It’s really about being able to marry these sources together into one environment and drive better decisions based on the information there is the primary value that the big data environment is going to provide for the normal enterprise.”
Along with integrating big data, many experts are also making predictions regarding the future of big data. “Predicting the Next Big Thing in Big Data” talks about some of the new up in comes in the industry that may make a big impact.
When explaining a new report that has come out, the article states:
“Big Data – The Next Big Thing”, a first-of-its-kind report on the ‘Big Data’ industry, focusing on the opportunities, challenges, and its impact on businesses globally. ‘Big Data’ relates to rapidly growing, structured and unstructured datasets with sizes beyond the ability of conventional database tools to store, manage, and analyze them.
The report identifies five key insights on global ‘Big Data’ trends and the opportunity it throws up for IT and analytics players in India. First, Big Data has become all-pervasive with the potential to create significant benefits for a number of sectors. The early adopters driving the business with appetite for Big Data analytics are industries such as Manufacturing, Retail, Financial Services, Telecom and Healthcare.”
In “Marketing Analytics Industry Expected to See Dramatic in India” references a report that shows companies are increasingly using marketing analytics technology as a way to stay ahead of their competition. This is particularly relevant in India because the marketing analytics industry is expected to grow from $200 million to $1.2 billion by 2012.
The report explains:
“Over the past few decades, the evolution in traditional media and the emergence of digital media has revolutionized the way products are sold to the customers. Marketing analytics play a pivotal role in helping marketers take informed data-driven decisions and effectively reach out to the audience. The marketing analytics industry is poised for exponential growth and India will be one of the foremost forces leading this revolution. This report is an effort to showcase potential of analytics to organizations, analytics players and prospective employees and will help pave the way for concerted effort to increase the usage.”
While these articles may discuss different aspect of big data, they all have one thing in common. They all call for a need for companies to invest in solutions that evolve with the times. Digital Reasoning is a big data analytics company that works within nearly every business sector to promote automated understanding over human effort.
Jasmine Ashton, October 1, 2012
Sponsored by ArnoldIT, developer of Augmentext.
IntelTrax Top Stories: September 7 to September 13
September 17, 2012
This week the IntelTrax advanced intelligence blog published articles on current trends related to big data, fraud detection, and analytics solutions that will help both of the previously stated problems.
“Real Time Analytics Makes an Impact” discusses how companies have spent the last couple of years making it so that their analytics solutions have zero lag time.
The article states:
“Operational Intelligence, basically, is real-time analytics over operational and social data. Operational intelligence, or OI as we like to call it, provides three important capabilities. First is real-time visibility over a wide variety of data. Second is real-time insight using real-time continuous analytics, and third is what we call right-time action, which means being able to take action in time to make a measurable difference in the business. We decided to focus on Operational Intelligence because it addresses some very important business problems that we felt were not well served by traditional software products today. These problems include service assurance in telco, social analytics for dynamic selling and brand management, real-time supply chain management, smart grid management in electrical utilities, and dynamic pricing in retail. These are just some of the examples.”
One way that analytics solutions have positively impacted a variety of industries is through the detection of fraud. “Fraud Analytics Deliver on Fine Art Forgeries” explains a new niche in fraud analytics that helps prevent substantial losses from individuals and museums.
The article informs:
“Just as with credit card fraud detection, the data sets created by digital authentication are quite large. Similarly, the modeling tools are extremely sophisticated, looking for patterns that would be unlikely from the painter just as a given purchase would be unlikely for a credit card holder. Zeroing in on the fraud can save an enterprise millions of dollars. Digital authentication is not real-time — it took two days to identify the fake Van Gogh. But in the world of art, that’s more than fast enough.”
When discussing advancements made in the industry, the information is often more well received when it comes from experts in the field. “Analytic News is Best From the Experts” showcases on experts opinion on the topic:
“Werner Vogels, a data guru as chief technology officer for Amazon Web Services, has been touting his interpretation of big data for almost two years. For him, managing a behemoth like Amazon, it’s not exactly what big data is, but what can be done with it.
“Big data is the collection and analysis of large amounts of data to create a competitive advantage,” he told a conference earlier this year.
“I am an infrastructure guy and for me big data is when your data sets become so large that you have to start innovating how to collect, store, organise, analyse and share it.”
Since technology is continuing to progress at rapid rates it is important the companies seek out a data analytics provider that evolves with the times. Digital Reasoning’s solutions, not only will protect your business from fraud, but its automated understanding for Big Data allows companies to find the necessary information they need to stay ahead of the competition.
Jasmine Ashton, September 17, 2012
Sponsored by ArnoldIT.com, developer of Augmentext.
IntelTrax Top Stories: August 31 to September 6
September 10, 2012
The IntelTrax advanced intelligence system blog provides summaries of articles pertinent to the world of data analytics and security. This week, we learned how the analytics market is continuing to grow, as well as some companies that offer excellent tools to help your company grow along with it.
“Cristobal Addition Strengthens Digital Reasoning” spotlights an important new addition to the board of the Tennessee based text analytics powerhouse, Digital Reasoning. Cristobal Conde has a rich history of working in the information technology field.
He states:
“I’ve been in information technology since the late ’70s when you had to build your own database manager. When companies like Sybase and Oracle developed commercial database managers – they made sense of structured data and allowed thousands of applications to be built on top…There is a pressing need to do something similar in unstructured data, and I believe Digital Reasoning is the company best positioned to do this.”
While the United States has a wealth of data analytics solutions to choose from, the Asian analytic market continues to gain in power and importance. According to “Asian Analytics Changing Fast” the big data analytics market in India is expected to double to $680 million by 2015.
Patrick Roland writes:
“This piggybacks on lots of other Aisa-centric analytic news. While many nations are flexing their muscles in big data, some American companies are catering to the industry, too. One prime example is the Chinese language support of Synthesys recently announced to aid the burgeoning data market in China. We expect more and more as places like the Philippines and Hong Kong begin making strides just behind power players like India and China.”
According to “Business Intelligence on the Rise” BI is one of the fastest growing industries and therefore smart businesses are utilizing this technology as a tool for growth.
The article explains:
“The big data opportunity is one of the biggest growth propellants for analytics. The vast amount of data that is available for analysis is exploding, however, it is housed in multiple silos of information with little or no cross-channel analysis of how the data correlates. For forward-thinking enterprises, big data can create value. Whereas BI traditionally performs structured analysis and provides a rear-view mirror into business performance, big data analytics provides a forward-looking view, enabling organizations to anticipate and execute on the opportunities of the future.”
We obviously are living in a world where BI and data analytics solutions are becoming an necessary part of business. Digital Reasoning offers a smart BI solution called Synthesis that delivers automated understanding for big data. The results are saved time and money.
Jasmine Ashton, September 10, 2012
Sponsored by ArnoldIT.com, developer of Augmentext.
Does EM Shuffle at HP Bode Ill for Autonomy?
September 1, 2012
HP does not have much patience for underperforming divisions. TechEYE.net reveals, “HP Posts $8 Billion EDS Charge, Shuffles Enterprise Management.” HP acquired Electronic Data Systems Corp. in 2008 and changed its name to Enterprise Services (ES). The article tells us:
“Hewlett Packard has shuffled about its Enterprise Services top brass, appointing Mike Nefkens, senior veep and GM at HP ES, to run the lot – for now. As for John Visentin, he will be leaving the company to ‘pursue other interests’. The company also warned that it will post an $8 billion Q3 charge tied to its Electronic Data Systems corp.
“Along with Nefkens’ promotion, Jean-Jacques Charhon, senior VP and CFO at HP ES, has become chief operating officer and will account for ‘increasing customer satisfaction and improving service delivery efficiency’, which the company is hopeful will lead to profits.”
There’s always hope. But what about our friends at search firm and HP property Autonomy? Is this a harbinger of more pressure for that acquisition? We don’t know if search can deliver to HP’s satisfaction. What we do know—there are big dollars involved. We hope none of the Autonomy folks suddenly find themselves “pursuing other interests.” Stay tuned.
Cynthia Murrell, September 01, 2012
Sponsored by ArnoldIT.com, developer of Augmentext
Iphelion Offers Email Management Solution
August 28, 2012
Email filing is a very vital tool for most companies and programs that address issues that arise in document management are necessary and appreciated.
StubXploder from Iphelion is one of those programs. The product is designed to address issues seen when archived email stubs are filed within document management systems. Features include intelligent error handling and rollback on individual items, complete server side solution, and customization to any library configuration.
The company’s website asserts about the product:
“Written as a fully server side solution to remove the need for user interaction or client side deployment, StubXploder will restore archived e-mails from Enterprise Vault back into the DMS libraries. This means that business critical e-mails are restored to a single repository (the DMS) while still allowing EV to take the strain off of Exchange by offloading non critical e-mails. The product was designed with the largest deployments in mind so can easily handle a worldwide infrastructure with many libraries and archives or scale right down to single server instances.”
The new version impresses us and we believe those interested in solving email document management issues will also be pleased. Iphelion offers a powerful solution to categorize, retrieve, and maintain email environments.
Andrea Hayden, August 28, 2012
Sponsored by ArnoldIT.com, developer of Augmentext
Expert System Client Wins Web Site Award
August 18, 2012
In another “we won a prize” announcement from a search and content processing vendor, Expert System boasts, “Expert System Customer Telecom Italia Recognized for Top Website.” Telecom Italia‘s site, which uses Expert System’s Cogito semantic technology, was named the top corporate site by KWD Webranking in its Europe 500 annual survey.
Naturally, Expert System takes the opportunity to highlight the newest Cogito features that helped Telecom Italia build a great site. The write up lists:
- “Did you mean?”: Cogito’s ability to understand the meaning of words facilitates greater access to information, even in the case of ambiguous requests. This feature suggests alternate formulas for search queries that contain errors or misspellings.
- Categorization: Expert System developed a custom taxonomy to categorize the Telecom Italia knowledge base, which enables more effective search and navigation of site content.
- Multilanguage results: In addition to search results in Italian, the search engine broadens results by including a separate set of results in English for each query.
- Results filtering by file type: Users can choose to refine results by the type of content they’re looking for, such as by web pages, videos or PDF.
All valuable features, to be sure. We find this crowing about prizes to be an interesting approach to marketing. Effective? Not sure.
Based in Modena, Italy, Expert System has satellite offices in Europe and the US. Business and government organizations in several fields use their solutions for data management, collaboration, and customer relationship management.
Cynthia Murrell, August 18, 2012
Sponsored by ArnoldIT.com, developer of Augmentext
Booz Allen: Protesting a Wee Bit Too Much
July 25, 2012
Short honk: Check out “Why Booz Allen Is Significantly Undervalued.” Interesting. The main point, as I understand it, is that Booz Allen is a great deal for investors. Okay, if it is such a great deal why does it take 1,300 words and a dozen charts to get the point across. There was one omission in the “protest too much write up”. Booz Allen is dependent on government contracts. When governments cut spending, outfits like Booz Allen face some revenue challenges. I assume this aspect of the firm’s business is irrelevant in light of alleged backlog, explanations, and lots of tables and bar charts. Booz Allen was once a blue chip outfit. As I have noted, the firm has a history of being private, going public, going back to private, splitting up, and going public. Is the firm’s management fancy dancing to cope with the realities of a blue chip firm transforming to azure?
Stephen E Arnold, July 25, 2012
Document Management Is Ripe For eDiscovery
July 18, 2012
If you work in any aspect related to the legal community, you should be aware that eDiscovery generates a great deal of chatter. Like most search and information retrieval functions, progress is erratic.
While eDiscovery, according to the marketers who flock to Legal Tech and other conferences, will save clients and attorneys millions of dollars in the long run, there will still be some associated costs with it. Fees do not magically disappear and eDiscovery will have its own costs that can accrue, even if they may be a tad lower than the regular attorney’s time sheets.
One way to keep costs down is to create a document management policy, so if you are ever taken to court it will reduce the amount of time and money spent in the litigation process. We have mixed feelings about document management. The systems are often problematic because the management guidance and support are inadequate. Software cannot “fix” this type of issue. Marketers, however, suggest software may be up to the task.
JD Supra discusses the importance of a document management plan in “eDiscovery and Document Management.” The legal firm of Warner, Norcross, and Judd wrote a basic strategy guide for JD Supra for people to get started on a document management plan. A plan’s importance is immeasurable:
“With proper document management, you’ll have control over your systems and records when a litigation hold is issued and the eDiscovery process begins, resulting in reduced risk and lower eDiscovery costs. This is imperative because discovery involving electronically stored data — including e-mail, voicemail, calendars, text messages and metadata — is among the most time-consuming and costly phases of any dispute. Ultimately, an effective document management policy is likely to contribute to the best possible outcome of litigation or an investigation.”
The best way to start working on a plan is to outline your purpose and scope—know what you need and want the plan to do. Also specify who will be responsible for each part of the plan—not designating proper authority can leave the entire plan in limbo. Never forget a records retention policy—it is legally require to keep most data for seven years or permanently, but some data can be deleted. Do not pay for data you do not have to keep. Most important of all, provide specific direction for individual tasks, such as scanning, word management, destruction schedule, and observing litigation holds. One last thing, never under estimate the importance of employee training and audit schedules, the latter will sneak up on you before you know it.
If, however, you still are hesitant in drafting a plan can carry some hefty consequences:
- “Outdated and possibly harmful documents might be available and subject to discovery.
- Failure to produce documents in a timely fashion might result in fines and jail time: one large corporation was charged with misleading regulators and not producing evidence in a timely matter and was fined $10 million.
- Destroying documents in violation of federal statutes and regulations may result in fines and jail time: one provision of the Sarbanes-Oxley Act specifies a prison sentence of up to 20 years for someone who knowingly destroys documents with the intent to obstruct a government investigation.”
A document management plan is a tool meant to guide organizations in managing their data, outlining the tasks associated with it, and preparing for eventual audits and litigation procedures. Having a document management plan in place will make the eDiscovery process go quicker, but another way to make the process even faster and more accurate is using litigation support technology and predictive coding, such as provided by Polyspot.
Here at Beyond Search we have a healthy skepticism for automated content processing. Some systems perform quite well in quite specific circumstances. Examples include Digital Reasoning and Ikanow. Other systems are disappointing. Very disappointing. Who are the disappointing vendors? Not in this free blog. Sign up for Honk!, our no holds barred newsletter, and get that opt-in, limited distribution information today.
Whitney Grace, July 18, 2012
Sponsored by Polyspot
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