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TIBCO Spotfire recently sponsored an event focused on analytics and visualization in the financial services industry. Spotfire is an Attivio Platinum Partner and the event delivered a day full of insights, thought leadership and innovative ideas. In addition to Attivio's presentation, which featured Julio Gomez (GM of Financial Services) and Rik Tamm-Daniels (VP of Technology), the event also included speakers from CEB TowerGroup, Ernst & Young and Teradata.

Analytics in the Financial Services Industry

The widespread use of analytics in the financial services industry is hardly breaking news. But it is important to note that there was a recurring theme that emerged: the increasing variety of data sources now being used to power the calculations. For example, as noted multiple times throughout the day, there is a growing trend toward leveraging unstructured data & content as a key input. Firms are no longer relying solely on the information in their data warehouse and CRM, but instead incorporating email, social media, chat logs, call transcripts, news feeds, and analyst reports as they create advanced analytics about their customers and business.

Additionally, the scope of where analytics are being applied is expanding exponentially. And why wouldn't it? With multiple units within financial services firms capturing an enormous amount of data on a daily basis, it only makes sense to use this content as a mechanism to glean insight into all aspects of the enterprise. Functions such as market risk, credit risk and portfolio management have always relied heavily upon analytics, but the next generation of data analysis includes calculations around customer sentiment, operational efficiency, regulatory compliance and much more.

Spotfire showcased a robust data visualization platform with a full range of analytical tools. Attivio enhances the Spotfire application by enabling access to a diverse set of structured data and unstructured content — both inside and outside of the firewall. Furthermore, Attivio's schema-less approach offers the agility required to quickly add new sources of information. This is a key benefit given the rapidly growing number of sources that firms are employing. To quote my colleague Julio Gomez:

"Building an advanced analytics capability that fails to stress agility is LOA - Legacy on Arrival."

Amen.

Spotfire Application Powered by Attivio AIE

Spotfire & Attivio Visualization


Data-driven decision making in the financial services industry is undeniable. What's less certain are the specific types of analytics that firms will create, along with the underlying sources they'll use to produce the calculations. But regardless of what the future holds, Attivio is excited to partner with Spotfire as we strive to help financial services firms find new ways to leverage analytics throughout their organization.

Thanks for having us Spotfire! We'll see you at our next client engagement.

Author Bio

Randy McLaughlin is a Director of Business Development with Attivio and brings over 12 years of experience in the financial services and software industries. Prior to joining Attivio, Randy was a lead analyst at Cutter Associates, a research and consulting firm focused on asset management technology.


Learn more about Attivio & TIBCO Spotfire!

TIBCO Spotfire® is the company's in-memory analytics software for next generation business intelligence. By offering a visual, interactive experience, Spotfire® helps professionals quickly discover new and actionable insights in information.

Through their partnership with Attivio, TIBCO Spotfire can now enable their customers to seamlessly incorporate all of the rich content and data from all of their internal systems, both structured and unstructured, into the Spotfire visualization and analytics tool.

Download the Attivio & TIBCO Spotfire Partner Overivew to learn more.

TIBCO Spotfire & Attivio Profile
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Sales EnablementEveryone has a story or two of an experience with a helpful sales rep or sadly, too often a poor one ending in frustration for both parties. As a marketing manager for a leading software company specializing in unified information access, I constantly receive calls and emails from quota-based representatives claiming to want to know more about my key business goals.

The reality is they just want to tell me about their product or service which they promise will dramatically improve results because they've seen similar improvements working with companies "just like mine." What they fail to appreciate is that I believe  my company is unlike any other business out there today.

I know this because the professionals I work with have invested great time and effort in building something unprecedented in the information management space – joining structured data and unstructured information together to provide better insight and actionable intelligence. If sales reps aren't going to educate themselves on what's important to me or, at a minimum, be somewhat familiar with my company's strategic initiatives, then why on earth should I spend time familiarizing myself with them?

For B2B companies, the typical sales model is a frontal attack on prospects where there's an expectation that a swarm of rep activity will generate enough pipeline to meet quarterly/annual goals. No doubt sales managers will argue there is a range of important differences in how reps execute that will generate better collective activity, in turn driving more qualified opportunities and increased revenues in shorter periods of time. However, the activity itself – regardless of the underlying sales methodology – will always be flawed when reps lack critical information relevant to the customer. This point is reinforced every time a new rep or one I've been working with struggles to answer a question, provides a poor recommendation, or lacks real understanding of my business and core objectives.

Rather than adjust my expectations down to accept mediocrity, I'm encouraged that sales rep behavior and execution will dramatically improve as companies implement next-generation sales enablement solutions like the ones Attivio is delivering today. During a recent sales enablement webcast showcasing what's possible for financial services institutions, 64% of attendees agreed the next-generation client-facing desktop would be a key differentiator and critical for their ongoing success. For the nearly two-thirds of companies that move to incorporate these types of solutions ahead of the ones who don't, not only will they be rewarded with better than industry average growth at the cost of their lacking competitors, but customers will realize a higher level of service, evidenced in short term satisfaction and long term loyalty.

What does next-gen sales enablement look like?

Example of a next-gen sales enablement agent desktop with integrated sentiment analysisIt's optimizing businesses' sales enablement function for:

  • higher win rates
  • decreased sales cycles
  • increased wallet share
  • improved customer loyalty

It's providing customer sentiment, along with relevant data from all information sources, at the right time so reps have better insight and actionable intelligence for more effective client interactions. This is what's possible today. This is the solution sales managers will deploy to ensure their preferred sales methodology is executed to the highest degree possible. This is how sales reps will connect with new and existing clients, discussing unique business needs and the relevant products and services that address those needs.

As more businesses embrace the necessity of using the latest technology to create competitive advantage or risk falling behind those who do, both reps and customers will benefit from time spent interacting with one another.

The swarm of activity will evolve from a numbers game where people, titles and verticals are segmented with canned If-this-say-that responses into one of true one-on-one consultation and collaboration. Reps will execute at a higher level, build stronger forecasts, convert more opportunities and reduce wasted time chasing bad deals.

More customers will enjoy superior service and longer engagements with trusted advisors. And for the sales managers who love to tinker with their sales methodology for ever-increasing efficiency, they can take credit for enabling rep performance for maximum success, with the confidence that a lack of critical information didn't undermine execution.

Author Bio

Jack Cooney has been in sales and marketing throughout his career and joined Attivio as a Field Marketing Manager. Previously, Jack held sales positions which included direct and channel software sales at Oracle as well as National Sales Director for Engineering and Computer Science at Pearson Education where he was responsible for business development for online learning products and associated sales training. Along with his passion for sales and marketing, he also enjoys taking his family to car shows and racing events in his "slightly modified" Mustang.


On-demand Webcast

Next Generation Sales Enablement: Do you have what it takes to build the sales agent desktop of the future?

Industry experts Julio Gomez and Jim Dickie highlight the evolution of sales enablement and unveil the next generation approach that will quickly become a requirement in today’s fiercely competitive landscape.

Watch this webcast and you will learn how leading financial institutions are leveraging technology to drive sales enablement and create competitive advantage. In addition, the co-presenters will answer the following questions:

  • What does the next generation sales agent desktop look like?
  • Why will new technology be the difference between success and failure for customer facing teams?
  • Which specific components are at the core of a dynamic sales enablement process?

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My colleagues and I had the opportunity to represent Attivio at the recent Tableau 8 Roadshow as a partner vendor. Unlike some BI events I have experienced over a number of years, the Tableau 8 Roadshow attendees were very much user-based rather than IT-focused. Attendees were interested in finding out how participating vendors add value to Tableau and help solve business problems, as opposed to being fixated on various technical aspects.

This business solutions focus suited my colleagues and me quite well: while my colleagues and I are very well-versed in Attivio's unique capabilities as an "Analyze Everything" platform, we are heavily focused on how AIE solves specific business problems and helps organizations get the more out of next-generation data visualization tools than they ever imagined possible.

Balancing healthcare services with correct diagnosis codesFor example, while some vendors might have talked about their products in the abstract with a lot of techno-speak, we demonstrated an actual healthcare data viz, developed by our partner Hitachi Consulting, that uses Attivio's Active Intelligence Engine (AIE) as the information backend. The data viz also addresses a serious real-world problem: healthcare providers not getting paid for all services provided – an issue the attendees readily understood, even if they did not work within the healthcare industry.

One major cause of uncompensated care pertains to missing diagnosis codes, which determine what a healthcare provider is paid for, and how much. Our data viz demonstrates a solution to this issue, presenting existing diagnostic codes assigned by patient, plus missing diagnosis codes that also should have been assigned! How is this possible?

The answer is that Attivio AIE automatically integrates and JOINs together assigned patient diagnostic codes (from a database) together with such unstructured information sources as physician progress notes (free-flowing text) and more. This unified information is then made available for data viz tools with the same ease as accessing a simple database.

The end result: compelling visual evidence of all services provided for each patient beyond what would be visible working with databases alone. In other words, Attivio enables a truly complete business picture.

Just as data viz tools enable users to create highly impactful data pictures, Attivio AIE provides a whole new level of unified information: linking and correlating relevant structured data and unstructured content (emails, documents, case notes, social media... any text-based source) – with no data modeling in advance required.

Combining Attivio AIE & next-gen data viz as information backend & frontend, respectively, for a "museum quality" picture of the businessThe payoff of next-generation data visualization tools like Tableau, recently noted by BI consultant Chris Gerrard, applies equally to the payoff provided by Attivio AIE as a next-generation information backend: it's all about "the reduction in the barriers, the friction, between people and their data, just like digital photography removed the barriers between people and the pictures they take."

Attivio dramatically expands what can be "seen" and "pictured" using data viz tools. It's the difference between taking an excellent "data picture" of a tree, and gaining the ability to take complete, vast "museum quality" data pictures that rival the iconic outdoor photography of Ansel Adams.

Just as data visualization tools like Tableau have ushered in a revolution on the BI frontend, Attivio is leading a similar revolution on the information backend, freeing business users and IT professionals alike from the "barriers" that separate silos of enterprise data and content from combining together to enable a complete picture; a true 360-degree view of the business that enables a new level of insights for new business success.

That message seemed to resonate widely with the event attendees, and we welcome the opportunity to bring that new level of BI-driven business value to your organization and your next-gen data viz tool of choice.


Analyze Everything: Driving Agile and Complete BI

Analyze Everything: Driving Agile and Complte BIAttivio White Paper

Today's business environment requires leaders and managers to "analyze everything"! They need new combinations of structured data (databases) and unstructured content (documents, email, social media, etc.). Traditional BI and IT systems can't keep up, but Attivio can.

This paper will brief you on Attivio's Active Intelligence Engine® (AIE©), an "Analyze Everything" platform for complete, agile BI, integrating and correlating all your data and content silos, with no advance data modeling required.

Analyze Everything: Driving Agile and Complete BI


The release of Active Intelligence Engine® (AIE®) Version 3.5 introduces an important set of new functions. Besides introducing new modules like Ontologies; features such as index rollback, image thumbnailing, and document preview and many essential enhancements including SQL, we have improved built-in support for monitoring the performance and health of your AIE infrastructure.

Version 3.5 offers a new user experience for those responsible for administration of AIE, defining the steps they need to take in order to act upon the areas in need of prompt action and quick turnaround. Monitoring and diagnosing AIE now involves little more than checking a screen or two in the AIE Administrator Console.

The key new administration features in AIE 3.5 include:

  • System Status — a one stop view of AIE system health
  • Performance Monitor — a rich visualization of key AIE performance metrics
  • System Events — a filterable collection of all system events emanating from AIE

Each view offers visual insights into what's happening in AIE at any given moment, simplifying system administration. As a result, the time to discover and resolve issues is shortened, and the user experience is improved.

A new System Health Banner, which appears on every screen in the Administrator Console, summarizes the holistic picture of AIE health for administrators. The banner complements the System Status view, which — as the default view in the console — breaks AIE's status down into individual areas: Node Health, Connector Status, Important Events, Index Status and System Performance.

This view allows administrators to easily connect the dots and essentially helps them answer the question "Is there a problem with my system right now that needs my attention?." They are able to consume larger sets of information quickly and target the parts that may be relevant without visiting respective detailed views in other parts of the Admin Console.

This Administrator Console presents you with unified answers rather than forcing you to sort through lengthy tables of numbers as we see in legacy management user interfaces. For instance, with the Connectors view, users can now see connectors that are not running as expected, scan the list of recent events in the adjacent Important Events view and start to compile a set of root causes behind any connector issues without ever leaving the System Status view. Events at a warning or fatal level can be investigated to quickly ascertain what specific AIE instances or connectors were affected and why. The Event Acknowledgement Dialog solves the dual purpose of providing all pertinent information on the event and letting the user mark the event as being seen and/or resolved.

Attivio AIE Administrator's System Status screen

Index Status not only describes a selected index's configuration, but also related statistics. Looking at this information, one can determine for instance, if the index size has doubled within a day, indicating a potential performance spike. The Performance view's graphical visualization of crucial metrics lets you pinpoint bottlenecks that may warrant immediate attention.

Consider a scenario where, as an administrator, you notice that the System Health Banner is reporting a warning event that occurred in the past 24 hours. You go over to the System Status view and find that an event occurred pointing to low disk space on a node. If unchecked, this might become a factor in creating search performance and node health related problems. You open the Event Details dialog and dig deeper into the event description to find more information about the node. At this point, you can make an informed decision on adding more disk space and taking additional measures.

On the new Performance Monitor view, we provide even deeper insight and flexibility by giving you more than 700 pre-built metrics to graph. By creating multiple graphs, grouping specific metrics together onto one graph and zooming and panning, while having system events superimposed on the timeline, you can chart out a more informed investigation. Unlike the System Status view, which is intended to push summarized, timely and relevant information to you, the Performance Monitor helps you understand specific aspects of the system.

For instance, let's say that users of an application using AIE reported issues with sluggish search functionality today around noon. One could quickly create a graph and add specific metrics like:

  • Uptime across all nodes
  • memoryPct — i.e. percentage of memory being used
  • os.memory.free — i.e. free memory in the OS
  • nodeCPU across nodes — the CPU usage across all nodes

Looking at these metrics in parallel over a timeframe, one can zero in on the bottleneck that was causing search to be slow.

For our customers, these are game changing capabilities. As Fahim Siddiqui, Chief Product Officer, IntraLinks states, "AIE's event-driven system and performance management have set a new standard of excellence that means we are able to proactively identify and resolve issues. For us, Attivio's Active Intelligence Engine is not just a technology; it's a key piece of our overall commitment to providing the best possible experience for our customers."

As we move forward, we could not be more excited. We have some cool new features lined up that will showcase Attivio's innovative user centric approach, not only in managing AIE but also in effectively putting the power of unified information access to work in your organization.

Author Bio
KD Singh Arneja has been with Attivio as Principal Engineer for over 2 years. KD has over fifteen years of extensive experience in designing, architecting and implementing enterprise level applications in multiple domains. Before joining Attivio, he was at MRO Software (now IBM) where he was a Lead Engineer for user interface of the MAXIMO Enterprise Suite. Prior to IBM, KD helped various software vendors develop large-scale web applications in areas such as Marketing, CRM, Data Analytics, Reporting and BI. He is an early adopter of technologies related to User Interface and User Experience Design fields. KD holds an MSc in Information Technology from University of Liverpool (UK). KD is also a Certified Scrum Master and Scrum Professional and loves building UI intensive applications using agile methodologies. He is also an accomplished Table Tennis and Cricket player.


Attivio AIE DatasheetLearn more! Download the Attivio Active Intelligence Engine datasheet!

Attivio AIE enables organizations to rapidly acquire, integrate and correlate enterprise information - structured data and unstructured content alike - in ways other solutions simply cannot match.

AIE was built from the ground up as a unified information access platform with unmatched agility. By easily combining related data and content without being constrained by a static data model, AIE enables quick iteration and deployment of new solutions, for rapid time-to-value while reducing risk.

Attivio AIE Datasheet download


Unstructured Tag Cloud

Loraine Lawson recently wrote an interesting article in IT Business Edge exploring “one of the ultimate goals of information management”: integrating unstructured data with structured data.

Lawson noted that most IT departments do not have the know-how (or technology) in-house to take on this initiative; however, that will have to change quickly: Lawson cites Gartner's prediction that data will grow by 800% over the next five years, with 80% of that growth coming from unstructured sources, such as emails, texts, pictures, log data, social media data, and XML files.

Lawson observed that Gartner’s prediction might be a little intimidating given the problems companies already have working with unstructured data. However, organizations meeting the challenge of unifying structured and unstructured data will have an undeniable advantage over competitors with a more tentative technology approach. This conclusion is supported by a recent TDWI report Lawson cited: Integrating Structured and Unstructured Data, by business intelligence thought leader and author David Loshin.

Loshin is quoted in the article as saying that “the challenge of integrating structured and unstructured data will be a key factor for Big Data success.”  Meeting that challenge, Loshin added, will require a new, flexible data architecture “that reduces the complexity of accessing multiple data sources and instead eases the way applications consume both structured and unstructured information.” It must be free of the “legacy data modeling constraints [that] will only continue to limit information utilization.” He goes on to outline seven steps to manage and integrate unstructured data.

We, at Attivio agree with David Loshin's assessment and his approach to managing and integrating unstructured data. Attivio’s Active Intelligence Engine® (AIE®) has been built from the ground up to handle the steps outlined in his report, to freely integrate, correlate and present all information — structured and unstructured, internal and external.  The capabilities AIE provides in areas such as text extraction, entity extraction and normalization, key phrase extraction, sentiment analysis and content classification are vital to enrich and add structure to unstructured data and content. This maximizes findability and joinability with related data and content from other sources.  All of the unstructured data can then be ingested into a universal index and JOINED with structured data. This capability allows for the correlation and joining of data and content at query-time, eliminating the need for data modeling in advance. Attivio's query-time JOIN capability is the key to this vital advance in unified information access, for which Attivio has been granted a patent!

In addition to the seven steps Loshin outlined in his report, one more should be added, namely Security.

With the expected growth in unstructured information security becomes even more important to ensure that appropriate permissions and privileges are applied to unstructured data and content. While this is a standard expectation in the structured data world, it is a breakthrough capability for unstructured data and content sources. Attivio’s Active Security framework solves this problem by providing real-time security and permissioning, regardless of what information the end user is accessing (data and/or content) or how they are accessing it, whether viewing documents, interacting with a dashboard, etc.

Attivio recognizes that managing and working with structured data and unstructured content in separate silos poses a serious threat to business success today. The result is a lack of a complete picture that will increasingly lead to misinformed decisions, failed Big Data projects and lost business opportunities. Organizations that meet the challenge of unifying structured and unstructured information will gain a lasting informational advantage over competitors clinging to a legacy “silo-centric” information technology stance.

Attivio is dedicated to ensuring every search query, every dashboard and every report has the benefit of correlating all related data and content to empower managers and leaders with a complete business picture that powers timely decisions and new insights into their business.


8 Key Requirements for Choosing a Unified Information Access Vendor

8 Key Requirements for Choosing a Unified Information Access Vendor

Unified information access platforms can address many needs. Often organizations start with one specific use, with a phased plan to expand UIA adoption more broadly. When selecting a UIA platform, it's critical to future-proof your investment by considering not just current requirements but also the capabilities you'll need as you implement additional projects and initiatives. This paper provides guidelines for selecting the right UIA platform, whether you are looking to deliver a specific application or support multiple uses across your organization.

Click here to download 8 Key Requirements for Choosing a Unified Information Access Vendor


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