I've recently been made aware of an interesting aspect in business intelligence involving the area of fraud detection. Fraud detection has been used to detect anomalies in many areas including telecommunications, taxes, credit card usage, healthcare and insider trading. With a fraud detection system, we are able to identify the characteristics of individuals who have committed fraud, take those characteristics, create a model and launch it against a large database to determine who is likely to commit fraud. One of the intriguing considerations when implementing a fraud detection system is that in some cases it is better to use data that has not been cleansed since the irregularities and inconsistencies in the data may actually help identify fradulent activity.
This month I am pleased to welcome John Distefano from Ernst & Young as a regular contributor to DM Review. He will be exploring the challenges and solutions for facilitating information flow throughout the organization to achieve alignment of key decisioning processes "The Decisioning Frontier."
Henry Morris of International Data Corporation has provided an article this month that looks at the exploding analytic applications marketplace. Be sure to read "Analytic Applications and Business Performance Management" for an overview of the features and functionality of various analytic applications.
Michael Brackett reminds us that since an organization's data resource is the foundation for any business intelligence initiative, all data must be inventoried, understood and integrated within a common data architecture. His "Business Intelligence Value Chain" article explains the data types that must be incorporated to develop a high-quality data resource that will provide high-quality information for your enterprise.
We are in the process of creating a new feature on www.dmreview.com. Within the next 30 days, you will be able to "Ask the Expert" your data warehousing questions. Selected questions will be featured on the site and answered by data warehousing specialists. Sid Adelman, president of Sid Adelman and Associates, is coordinating this and has assembled a highly qualified panel including Doug Hackney, David Marco, Larissa Moss and J.D. Welch. Here's your opportunity to get answers to some of your tough questions. Watch for it soon on www.dmreview.com.
As always, thanks for reading DM Review.If you have any comments or suggestions regarding topics covered in DM Review, please send me an e-mail: email@example.com.
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