IBM and Shell Partner on Data Analytics
The companies are using predictive analytics to look for oil and gas reserves.
"Predictive analytics provides a form of business intelligence that uses number crunching and statistical analysis to predict future events," writes Computer Weekly's Cliff Saran. "This helps a business to make a decision before something happens. At Shell, the technique will be used to predict likely sites for oil reserves."
"Over the past five years, IBM has spent $10 billion buying business intelligence companies including Cognos and SPSS and has 200 mathematicians at its Watson labs dedicated to predictive analytics," Saran writes.