This inaugural interview of Inside Analysis features the CTO and Senior VP of SAS Institute, Keith Collins and host Eric Kavanagh discussing what's happening in the industry, where it's all heading, and what's new at SAS.
... Eric: Let's talk about what's happening in the industry now in terms of computing. Some folks are talking about super-computing or high-powered computing. How do you define that, and what are you doing with it at SAS?
Keith: A lot of the patterns that we're pursuing have been known for a long time. People talked about grid, now they talk about cloud. Let's talk about high-performance computing, specifically for SAS. By high-performance analytics we mean all the ways you leverage all these different architectures that are converging so quickly. You can see the price point for storage drop significantly. The opportunity to learn from the data is quite amazing, if you have the ability to scale your analytics to get through all of that data.
SAS is doing a tremendous amount, for example, in understanding and calculating value at risk in the financial sector, which with the meltdown of the financial sector is unusually important. We've changed that computation so that it changes the business process.
Eric: What do you see in terms of the impact of renting analytics instead of building systems and generating them yourself?
Keith: I think it probably depends on your definition of renting analytics. If you mean renting a markdown optimization solution, or a loan fraud analysis solution, or any money laundering solution, then the answer to that is, yes. If you want to rent a logistic regression, not so much.