When
9:45 AM Saturday
Where
4202
Silicon Valley Code Camp : October 5th and 6th 2013session
Semantic Spend Classification
About This Session
Spend Classification is the process of managing how to spend money effectively in order to build products and services. The term is intended to encompass such processes as outsourcing, procurement, e-procurement, and supply chain management. Spend Classification is a key component of spend management that classifies transactional spend data into standard spend taxonomies thus enabling rich Spend Analytics. This data is typically highly unstructured in its nature but has deep value. Unlocking the value buried in this data requires synergistic use of linguistic text processing techniques, data mining and business intelligence resulting in high value results to the organization. This session: 1. Delves into the functional and technical details of this process 2. Elucidates the insights gained by the implementation of this approach in real business scenarios 3. Details the open source tools and components that could be used to implement this approachTime: 9:45 AM Saturday Room: 4202