Smart Data Collective

SEPTEMBER 16, 2020

Predictive analytics, sometimes referred to as big data analytics, relies on aspects of data mining as well as algorithms to develop predictive models. The applications of predictive analytics are extensive and often require four key components to maintain effectiveness.

Predictive Analytics 308

Predictive Analytics Pharmaceutical Artificial Intelligence Data Mining 308

Smart Data Collective

NOVEMBER 18, 2020

We decided to cover some of the most important differences between Data Mining vs Data Science in order to finally understand which is which. What is Data Science? Data Science is an activity that focuses on data analysis and finding the best solutions based on it. Definition: Data Mining vs Data Science.

Data Mining 358

Data Mining Big Data Artificial Intelligence Data Warehouse 358

Marutitech

APRIL 7, 2022

Even though the organization leaders are familiar with the importance of analytics for their business, no more than 29% of these leaders depend on data analysis to make decisions. More than half of these leaders confess a lack of awareness about implementing predictions. Predictive Analytics: History & Current Advances .

Predictive Analytics 98

Predictive Analytics Data Modelling Data Mining Data Requirement 98

BizAcuity

MARCH 31, 2022

With the massive influx of big data, several businesses use AI platforms to help save costs in a number of ways including automating certain procedures, speeding up key activities among others. Enterprise Artificial Intelligence. Artificial Intelligence Analytics. Hope the article helped.

Artificial Intelligence 130

Artificial Intelligence Data Analytics Data Analytics Predictive Analytics 130

Marutitech

DECEMBER 17, 2021

You leave for work early, based on the rush-hour traffic you have encountered for the past years, is predictive analytics. Financial forecasting to predict the price of a commodity is a form of predictive analytics. Simply put, predictive analytics is predicting future events and behavior using old data.

Predictive Analytics 140

Predictive Analytics Data Mining Finance Data Analytics 140

Data Pine

MARCH 31, 2022

A data scientist has a similar role as the BI analyst, however, they do different things. While analysts focus on historical data to understand current business performance, scientists focus more on data modeling and prescriptive analysis. They can help a company forecast demand, or anticipate fraud.

Business Intelligence 95

Business Intelligence Business Intelligence Data Visualization Visualization 95

Data Pine

MARCH 25, 2022

On the other hand, BA is concerned with more advanced applications such as predictive analytics and statistic modeling. This also allows the two terms to complement each other to provide a complete picture of the data. A fundamental differentiation factor is in the method each of them uses as a base.

Business Intelligence 105

Business Intelligence Business Intelligence E-Commerce Procurement 105