Feb 7, 2014
Frode Sormo

AMiDST Consortium Funds Partnership with Verdande Technology to Analyze Massive Data Streams for Oil & Gas

AMiDST

Verdande Technology has partnered with The AMiDST – Analysis of Massive Data Streams – Consortium, a research program funded by the European Union, to examine advanced artificial intelligence methods to do Big Data analysis of data streams. The objective of the AMIDST research project is to develop a toolbox that facilitates analysis in order to improve predictability across a variety of cases. Continue reading »

Oct 8, 2013
Frode Sormo

A New Phenomenon – The Need for Data Scientists

By Frode Sørmo, CTO, Verdande Technology

I recently read “Data Scientist: The Sexiest Job in the 21st Century” in the Harvard Business Review.  Beyond the compelling title, it has some interesting things to say about the current job of data scientist and where it will grow in the future. Business today is built on data – vast amounts of data, from different sources and in different formats. Firms who have the resources to not only track this data, but also to understand it, will have a strong competitive advantage moving forward. Continue reading »

Oct 1, 2013
Frode Sormo

Gartner Thinks About IT Operations Monitoring in Two-Tiers … and Where CBR Fits In

By Frode Sørmo, CTO, Verdande Technology

Since Verdande Technology is a Gartner customer, I was lucky enough to get my hands on a copy of a recent report by Will Cappelli, a Research Vice President at the esteemed analyst firm. And while I cannot publicly share the report, entitled, “Social AI Tools Manage Services Across Highly Distributed and Radically Modular Infrastructures,” I can tell you that it was a compelling read. Continue reading »

Aug 12, 2013
Jo Kinsella

Another Day, Another Exchange Outage. Do We Learn from the Past?

It’s an alert we’ve seen too much lately: a newsflash that the BATS BZX Exchange was down for almost an hour followed two hours later by Direct Edge reporting a technical glitch causing it briefly stop accepting orders.  Considering the Bats BZX Exchange and Direct Edge combine to handle about 20 percent of US stock market trading volume, it was unsettling news.  Similar outages at the NYSE and CBOE over the past four months demonstrate a troubling trend that threatens the heart of our financial system.  As the pace of trading only increases, a one hour exchange blackout can significantly impact trading strategies that depend on making adjustments in milliseconds – and that’s an impact every trader will feel.  Continue reading »

Aug 8, 2013
Lars Olrik

On the Radar: Case-Based Reasoning software helps drilling operators avoid repeating costly problems

Ovum recently published an “On the Radar” report that highlights Verdande Technology’s Case-Based Reasoning platform to predict and avoid recurrent drilling problems that can cause significant non-productive time.  Visit Ovum.com for an overview.  According to Ovum, “’On the Radar’ is part of Ovum’s series of research and notes that highlights up-and-coming vendors that bring innovative ideas, products, or business models to their markets.”

 

 

Aug 1, 2013
Guest

Beyond Predictive Analytics: Using Case-Based Reasoning to Improve Patient Outcomes at The Methodist Hospital System

by Rajiv Leventhal

Cardiothoracic surgeons are at the forefront of using this innovative technology

Healthcare Informatics, a Healthcare IT Leadership, Vision & Strategy publication, features the value of Case-Based Reasoning (CBR) in Healthcare.  Methodist Hospital System and Verdande Technology have partnered to develop a “decision-support system to evaluate patient risk and provide real-time, evidence-based decisions for physicians,” for cardiothoracic procedures.  Dr. Alan Lumsden, Medical Director of the Methodist DeBakey Heart & Vascular Center in Houston said “We have the opportunity to pull the collective wisdom from senior people in our institution, but also beyond the institution. This can be national wisdom.”  Such a system “…can completely change how people handle data. I am expecting to improve survival rates.”

To read the full article visit Healthcare Informatics

Jul 23, 2013
Guest

Implementing Case-Based Reasoning into Cardiovascular Surgery: What We’ve Learned at The Methodist Hospital System

by Dr. Alan Lumsden, medical director of the Methodist DeBakey Heart & Vascular Center

In our focus area of cardiovascular (CV) surgery, postoperative blood loss is a well-researched problem. However, the majority of the existing studies on the issue focus on select factors, instead of developing a framework combining static, pre-operative information with real-time, dynamic intra- and postoperative data. To improve patient outcomes, we wanted to assess the ability of building a predictive model that would allow our team to reduce the risk of postoperative bleeding and related undesirable outcomes in bypass surgery patients. Continue reading »

Jul 16, 2013
Admin

Adding CBR to EHRs: Transforming Health Data into Actionable Information

Electronic Health Records (EHRs) are a consistent headline in the news, especially given the government’s Meaningful Use incentive program. But, how many hospitals are effectively using EHRs today? According to an early 2013 InformationWeek article discussing the Health Information and Management Systems Society (HIMSS) Analytics’ Electronic Medical Record Adoption Model (say that five times fast!), which measures the EHR adoption curve on an eight-stage model, only 1.9 percent of hospitals had reached Stage Seven by the last quarter of 2012. Three quarters of hospitals had not even reached Stage Five. Continue reading »

Jul 10, 2013
Admin

Care Anywhere: How Real-Time Analytics and Case-Based Reasoning Can Make It a Reality

Technology has created a society where we are accustomed to being able to get almost anything, anywhere – 24 hours, seven days a week. We can talk on the phone while walking down the street and send an email or browse websites while on line at a store. It’s not surprising that this want to have anything, anywhere has extended into healthcare. People want options beyond traditional hospital settings, but in order for care to be provided at secondary care facilitates, technology must satisfy the demand for seamless data and information exchange. Continue reading »

Jun 17, 2013
Jo Kinsella

Learning Lessons from Market Delays

June 6th witnessed another delay in an exchange opening due to a technical problem as a NYSE Euronext glitch affected markets in Paris, Amsterdam, Brussels and Lisbon.  This is the second delay of a major market in the last few months and begs the question, what are they doing to make sure that it does not happen again?

The financial markets are only as strong as the confidence that they instill and the possibility that they may not be available or may just malfunction makes firms and individuals nervous about the security of their investing.  At a time when the financial markets are just starting to regain confidence, software and hardware glitches are the last thing we need or expect.  It is apparent that steps need to be taken to better secure the trading environment.  Reacting to problems is not enough, exchanges need to take better steps to forecast and prevent outages. Continue reading »

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Blog Contributors

Lars Elis Olrik - Group CEO
Formerly management consultant with Cap Gemini, then Head of European Operations with Covisnit and CEO of Keronite Ltd.


Frode Sørmo - CTO
Company founder. PhD in computer science from NTNU.





Joanne Kinsella - CEO, Financial Services
Held a number of high profile positions in financial services and IT, most recently for a big data analytics firm and prior to that, leading the US operation for a real time application monitoring company.


Phil Wade - VP, Global Delivery
Formerly with Halliburton as a Senior MLWD Engineer for Sperry Drilling Services, then Manager of Global Real Time Operations and Infrastructure groups and Manager of Service Delivery for Remote Operations Centers.