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Predictive Analytics: 4 Primary Aspects of Predictive Analytics

Smart Data Collective

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. Data Sourcing.

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Deciphering The Seldom Discussed Differences Between Data Mining and Data Science

Smart Data Collective

You may not even know exactly which path you should pursue, since some seemingly similar fields in the data technology sector have surprising differences. 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?

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Ways Data Analytics Helps Business Owners Resolve Financial Issues

Smart Data Collective

Data analytics has arguably become the biggest gamechanger in the field of finance. Many large financial institutions are starting to appreciate the many advantages that big data technology has brought. Markets and Markets estimates that the financial analytics market will be worth $11.4 billion in the next two years.

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Data Analytics Assures Quality Assurance with Software Development Outsourcing

Smart Data Collective

New advances in data analytics and a wealth of outsourcing opportunities have contributed. Shrewd software developers are finding ways to integrate data analytics technology into their outsourcing strategies. Some creative ways to weave data analytics into a software development outsourcing approach are listed below.

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Predictive Analytics Could Minimize Underpayment Penalties By The IRS

Smart Data Collective

The Internal Revenue Service (IRS) is one of the organizations that has started using big data to enforce its policies. Small businesses should utilize their own big data tools to keep up with the evolving changes this has triggered. The IRS uses highly sophisticated data mining tools to identify underreporting by taxpayers.

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Transforming Credit and Collection with Predictive Analytics

BizAcuity

Today, it’s no secret that most forward-thinking businesses are keenly following the latest developments on big data, artificial intelligence, machine learning, and predictive analytics. Using algorithms, AI is now able to store data before making a prediction about something – such as when a debtor is likely to pay.

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4 Data Analytics Tools That Will Revolutionize Marketing In 2021

Smart Data Collective

Data analytics is at the forefront of the modern marketing movement. Companies need to use big data technology to effectively identify their target audience and reliably reach them. Big data should be leveraged to execute any GTM campaign. Some of these were addressed in the Data Driven Summit 2018. Let’s begin.