IBM pitches analysis software for select industry verticals

Expertise drawn from 50,000 user engagements went into the new IBM software

IBM can help banks better understand their customers through a new customized package.

IBM can help banks better understand their customers through a new customized package.

Extending the reach of its analysis software and services, IBM plans to release 20 analytics packages customized to the needs of specific industries.

Available by the end of June, the packages will target businesses in retail, banking, telecommunications, insurance and other fields. Additional packages will be released in the future.

The packages augment off-the-shelf analytics software, from IBM or other parties, that organizations may already be running.

The software is intended to "speed up the process of applying complex analytics," said Alistair Rennie, IBM general manager of analytics solutions. "They will deliver insight that business people can use very quickly."

IBM built the packages using the experience and software patterns it generated from 50,000 engagements with clients, including with companies such as clothing retailer Urban Outfitters, utility company National Grid, consulting company Deloitte, and Chilean stock exchange Bolsa de Santiago.

The packages will offer predictive analytics capabilities, which are techniques that help pinpoint emerging trends and patterns within large sets of data. They will offer modeling patterns and interfaces that reflect typical operations in each industry, relieving businesses from developing these resource in-house, which could take more time and be more expensive.

Retailers could use the software to refine inventory and marketing processes, allowing them to make better decisions about which products to carry. Banks could use an IBM package to detect when individual customers are going through major life events, which would allow them to customize more appropriate marketing material for these individuals. The oil and gas industry can use an IBM package to better predict when equipment might stop working correctly.

The new packages can be useful to business in that they address "the scarcity of data science skills, which has been a significant challenge for all organizations," note analysts Anne Moxie and Rebecca Wettemann of the enterprise IT analysis firm Nucleus Research, in a report released Thursday.

"Traditionally, analytics solutions have been designed for trained users who spend a large amount of their time in analytics applications," they noted.

Financial information provider Interactive Data Corporation and Australian financial institution Bendigo and Adelaide Bank both plan to use IBM software to improve interactions with their customers.

IBM has identified data analysis as one of the growth areas for the company. It expects data and analysis work and products to generate $17 billion in revenue by 2018.

IBM did not detail pricing for the new sets of software.

Joab Jackson covers enterprise software and general technology breaking news for The IDG News Service. Follow Joab on Twitter at @Joab_Jackson. Joab's e-mail address is Joab_Jackson@idg.com

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags applicationsIBMsoftwaredata mining

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Joab Jackson

IDG News Service
Show Comments

Essentials

Microsoft L5V-00027 Sculpt Ergonomic Keyboard Desktop

Learn more >

Lexar® JumpDrive® S57 USB 3.0 flash drive

Learn more >

Mobile

Lexar® JumpDrive® S45 USB 3.0 flash drive 

Learn more >

Exec

Lexar® Professional 1800x microSDHC™/microSDXC™ UHS-II cards 

Learn more >

Audio-Technica ATH-ANC70 Noise Cancelling Headphones

Learn more >

Lexar® JumpDrive® C20c USB Type-C flash drive 

Learn more >

HD Pan/Tilt Wi-Fi Camera with Night Vision NC450

Learn more >

Budget

Back To Business Guide

Click for more ›

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?