SAS says that its new release of software improves the analysis of vast and growing amounts of data, so called ‘Big Data’. According to Joe Megibow, VP & general manager, Expedia US, SAS predictive analytics and data mining analyse nearly 200 terabytes of customer and clickstream data in its data warehouses.
Available now, SAS says the upgrade has features that help organisations tackle massive volumes of structured and unstructured data, including business transactions, social media, location and multimedia.
The upgrade includes enhancements to SAS Predictive Analytics and Data Mining Suite, to uncover unknown patterns, opportunities and insights; SAS Data Management, to empower organisations with consistent, accurate and timely data; SAS Text Analytics, to maximise information buried within large text collections; and SAS Forecasting, to understand the likely range of future behaviour to improve planning.
SAS says that one of its customers, a global financial services organisation, reduced from 96 hours to four hours the time to model the probability of default, a risk calculation that needs to consider both different repayment assumptions as well as the unique life of each loan across 9.5 million mortgages.
