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Data Mining – useful or not?

Jen Stirrup

What distinguishes Data Mining from other methods of exploring data, and what is its usefulness? Critics might say that if you torture the data enough, it will eventually confess! Computers contain lots of data, but people need help to turn this data into intelligence.

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Banks Merge Data Mining and CRM Tools to Boost Profitability

Smart Data Collective

Earlier this year, we talked about some of the major changes that data has brought to the financial sector. Bhagyeshwari Chauhan of DataHut writes that one of the major ways that big data helps is with identifying fraud. Predictive analytics and other big data tools help distinguish between legitimate and fraudulent transactions.

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Enhance your Lending with Predictive Analytics

BizAcuity

Credit scoring systems and predictive analytics model attempt to quantify uncertainty and provide guidance for identifying, measuring and monitoring risk. Benefits of Predictive Analytics in Unsecured Consumer Loan Industry. Predictive Analytics enhances the Lending Process.

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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. With Big Data, it is possible to acquire and segregate data with laser sharp focus with respect to one singular debtor.

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Unlock The Power of Your Data With These 19 Big Data & Data Analytics Books

datapine

An excerpt from a rave review : “I would definitely recommend this book to everyone interested in learning about data from scratch and would say it is the finest resource available among all other Big Data Analytics books.”. 7) Predictive Analytics: The Power to Predict Who Will Click, Buy, Lie, or Die by Eric Siegel.

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Understand PMML (It’s Not That Hard)!

Smarten

It is an interchange format that provides a method by which analytical applications and software can describe and exchange predictive models. The data mining models are defined and the mining schema creates a list of data dictionary fields and methods that dictate how data will be treated, what the data types are, etc.

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Side Hustle Ideas for Experienced Data Scientists in 2022

Smart Data Collective

Here are some reasons that data scientists will have a strong edge over their competitors after starting a dropshipping business: Data scientists understand how to use predictive analytics technology to forecast trends. Data scientists know how to leverage AI technology to automate certain tasks.