Tuesday, November 27. 2007What's better than enterprise search? Text mining.Comments
Display comments as
(Linear | Threaded)
You're right, Alison.
Many use text mining to finally dig deep into stored documents to unearth buried insights. The rewards are significant and they range from shorter medical recovery time to improved product design. For retrieval there's search, for deeper understanding, there's text mining. Alison, Text Mining is much more than searching and filtering to find the right document(s).
True Test Analytics is going beyond the basics of searching and finding. It should be able to make inferences on what is read in the document, make judgement calls as to whether the document is revelant to the inquiry. We are able to read 100's of 1000's of Claim Adjuster Notes from P&C Insurance claims and determine who is liable, what kind of accident occurred, who was at fault, did the claims adjuster follow best practices, is there a growing trend within the claims that executives should know about (increase mold claims, new types of claims not yet discovered, etc ), and whether the claims adjuster missed subrogation opportunity. There is a mountain of information within text documents and our industries have not even scratched the surface of what is possible, never mind have an idea that text can be read electronically and make smart decisions to route such info to the appropriate people and send out signals/flags/warnings that something is happening. Heck, if our CIA, FBI and Homeland security resources utilized text mining, they may have been able to spot 9/11 before it happened. If we can put a man/woman on the moon, we should be able to read a document and make intelligent sense of what it saying and then make a decision as to what should be done. No Offense to SAS and other Commercial Vendors of TA, but you all have a LONG WAYS to go to show, demonstrate and prove to the CEOs of the world how they can get a HIGH ROI investing in TA. But these vendors, including SAS, need to become smarter and better at not just reading text but being able to understand what it is saying so people can make the right decisions. I have been a champion of TA since the early 80s but it fell upon deaf ears and without success stories, TA will stay in the infancy stage for decades until a number of success stories go public and CEOs wake up and say, why cant we do that? My $.02, Regards, Charles Patridge Sr. Consultant PDPC, Ltd Expert in Fuzzy Logic and Data/Text Analytics |
ABOUT THIS BLOG
Hello and welcome to sascom voices where sascom magazine's Editor-in-Chief Alison Bolen leads a conversation about notable people, products and ideas at SAS.
QuicksearchBlogrollBI in ActionBusiness intelligence for business people Claudia Imhoff Creative Class Deal Architect Eye on BI The Intelligent Enterprise Blog Grown Up Digital JT on EDM The Mine That Data Blog N&O Editor's Blog PGreenblog SAS blogs sasInct Seth Godin Think Customers: The 1to1 Blog Wise Analytics TagsAHIP
ahip 2008 alison bolen analytics anne milley blogging books business analytics business intelligence consolidation crm customer intelligence daily grind data integration education enterprise guide five questions fraud green grounds for conversation healthcare health insurance hp in the news jmp matthew mikell pbls performance management premier business leadership series public sector retail risk San Antonio SAS sascom sascom online SAS Global Forum sas publishing sas users small/medium business small businesses social media sustainability sustainability management telco telecommunications teradata thomas davenport viral video voices Found items onlineAnalytics Can Improve Outcomes - Health Management Technology
Friday, November 20. 2009 Execs Want Focus On Goals, Not Just Metrics -- Smarter Executive -- InformationWeek Friday, November 20. 2009 Data-Driven Crime Fighting Intelligent Enterprise: Better Insight for Business Decisions Thursday, November 19. 2009 SAS chief: Hot on fraud detection, cool on cloud computing - Network World Friday, November 13. 2009 11 Ideas for Economic Recovery Friday, November 13. 2009 Comments about Analytic truths or analytic myths? Thu, 19.11.2009 17:14 Alison Bolen posted a nice list of analytic truths, or perhaps myths, on the SAS [...] about Analytic truths or analytic myths? Thu, 19.11.2009 16:52 1.F 2.F 3F (would be T if it were "most" not "every") 4 any of the above 5 [...] about Mother's Day no longer matters Tue, 17.11.2009 19:28 Hi Ken, Your comments resonate strongly with our discussions with mobile [...] about This post is rated R Sat, 14.11.2009 14:57 It is all about job security. So far the market demand for R developers is [...] about You become the hunter and they become the prey Tue, 10.11.2009 16:03 There was another trend I noticed at our recent Premier Business Leadership [...] Friend or follow meThe blog content appearing on this site does not necessarily represent the opinions of SAS. Your use of this blog is governed by the Terms of Use. |
Somehow, while dusting off my inbox, re-oiling my rusty rss reader and fine-tuning the sascom editorial schedules for 2008, I missed an important milestone. My second day back at work after maternity leave was also the one-year anniversary for this blog.
Tracked: Mar 13, 12:44