Posts Tagged ‘Data analysis’
What the Future Holds
Predictive modeling is a process that uses data mining and probability to forecast outcomes. The outcomes may be in the financial world or the outcome of a disease management plan. Each model is made up of a number of predictors, which are variables that are likely to influence future results. Once data has been collected for relevant predictors, a…
Read MoreBanks and Machine Learning
Machine learning is a method of data analysis that automates analytical model building. As a branch of artificial intelligence (AI), it is based on the idea that systems can learn from data, identify patterns and make decisions with minimal human intervention. The use of machine learning has increased across the financial services industry, although problems such…
Read MoreBad Data Costs
Data plays an important role in any business, allowing them to improve targeting, optimize internal operations, and successfully drive innovation. However, as businesses look to adopt the latest technologies, the accuracy and quality of data has never been more important. Poor data quality negatively impacts business creating both long and short-term issues which impact your…
Read MoreWhat Does the Data Say?
Data and the proliferation of data is a hot topic these days. It wasn’t that long ago that information professionals were concerned that data would flood an organization and overwhelm those making strategic decisions. In some cases, maybe it has? This interesting topic came to us from The Holmes Report in their article, “Is The Promise Of…
Read MoreTwo Sides to the Coin
Data science has changed vastly over the past decade. Now it is revolutionizing the data world and providing a foundation for computers to solve problems in a timely manner. This interesting information came to us from CIO in their article, “The 12 dark secrets of data science.” Smart algorithms are enriching our personal lives and the…
Read MoreNatural Language Process Services Business Intelligence
Technology continues to evolve. Entrepreneurs and vendors continue to explore new options and features to enhance business processes and lives. CIO brought this information to us in their article, “Tableau adds natural language interface, streamlines data prep.” Enterprises seeking to further democratize analytics through self-service business intelligence tools will be happy to hear that vendors are working…
Read MoreBig, Bigger, Biggest Data
Big data used to bring awe to the reader and the users. However, with the deluge of digital information growing at such a pace the term no longer seems adequate. Maybe we should call it gigantic data instead? Gigabit brought this topic to us in their article, “Three barriers to effective data analytics.” Many companies have…
Read MoreEstablishing a Good Foundation
Change is underway on how the industry acquires, shares and gains insights from scientific data in a vendor and platform independent data format, and common vocabulary and language that can capture the needed information for true exploration of scientific data. PR Web brought this news to our attention in their article, “A Major Milestone in Digital…
Read MoreMDM & Data Governance Summit This Summer
Are you looking for an opportunity to learn more about data management and engage with experts in the field? Mark your calendars today and plan to attend the MDM & Data Governance Summit. This year’s event will be in Chicago and will include insight around the future of consumer privacy and initiatives that will drastically impact…
Read MoreHandling Big Data Sets with Open Source Approaches
The Bank of England has changed how it collects and analyzes their ever growing data sets over the past few years by adopting enterprise versions of open source technologies to help it modernize its data architecture. Computer World UK brought this interesting information to us in their article, “How the Bank of England redesigned its data hub around…
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