Inductis Delivers ``Most Accurate'' Predictive Model in Premier Data Mining Competition Using Salford Systems' TreeNet Software.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- Inductis, a global management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects and analytics firm, achieved the most accurate predictive model in the high-profile KDD KDD Knowledge Discovery and Data Mining (International Conference) KDD Knowledge Discovery in Databases KDD Kokusai Denshin Denwa (Japan) KDD Key Distribution Device Cup data mining competition for 2004. The Inductis team of modelers leveraged Salford Systems' TreeNet(TM) software to outperform 63 other teams from industry and academia. "Inductis combines first-class people with first-class technology to deliver superior results," says Inductis Managing Principal and Founder, Sandeep Tyagi. "This victory helps to validate what our best clients already know about our capabilities." The key people at Inductis and Salford Systems have collaborated in a variety of ways since 1996, when they first started to combine CART(R) and MARS(R) software with modeling and business expertise to solve complex problems for major financial institutions. In the KDD Cup 2004, Inductis developed its models independently. While Inductis used several different modeling techniques to learn about the dataset and to develop alternate predictive models, the winning entry was developed primarily using TreeNet. "We are pleased to see of one of our clients doing so well in a major competition," observed President of Salford Systems, Dan Steinberg Dan Steinberg is an American sportswriter and blogger for The Washington Post, as well as a television blog show host. "The New Zen Master of the Sports Blogosphere". . "The outcome is especially gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. in that this is the second major win for our newest technology in two very different applications, Business and High Energy Particle Physics particle physics or high-energy physics Study of the fundamental subatomic particles, including both matter (and antimatter) and the carrier particles of the fundamental interactions as described by quantum field theory. ." Last year, using TreeNet, Salford Systems won a major analytical CRM Competition sponsored by The Teradata Center for CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. at Duke University. Salford was also a first-place winner in the KDD Cup 2000 Web data mining competition. About Inductis Inductis is a consulting firm that brings together strategy and analytics to achieve measurable, rapid results for our clients. Our BDA BDA Battle Damage Assessment BDA Bundesvereinigung der Deutschen Arbeitgeberverbände (German: Confederation of German Employers' Associations) BDA British Dental Association BDA Blu-ray Disc Association BDA Bund Deutscher Architekten practice area, offering Analytics Consulting and Analytics Services to Fortune 500 clients, creates value by transforming complex data into a competitive advantage. Through consultative and outsourced services, we help clients optimize their data resources, dramatically improving product design, pricing, marketing and customer acquisition, underwriting and collection processes. About Salford Systems Salford Systems specializes in high-performance data mining solutions and is the exclusive developer of CART, MARS, RandomForests(TM) and TreeNet. TreeNet is a breakthrough technology from world-renowned statistician Jerome Friedman of Stanford University, offering record breaking accuracy while remaining remarkably robust in the presence of common data problems such as missing values and miscoded data. For further information on Inductis, see: http://www.inductis.com. Salford Systems has its web site at http://www.salford-systems.com |
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