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Banks Merge Data Mining and CRM Tools to Boost Profitability

Smart Data Collective

Banks that take immediate action based on their data analytics fraud scoring algorithms, such as blocking irregular transactions, can prevent fraud before it happens. The American Association of Actuaries reports that big data can also help with actuarial decision making.

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What Role Does Data Mining Play for Business Intelligence?

Jet Global

Business intelligence (BI) software can help by combining online analytical processing (OLAP), location intelligence, enterprise reporting, and more. So how does a leading-edge business find a way to marry their wealth of data with the opportunity to utilize it effectively via BI software? Let’s introduce the concept of data mining.

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Top 10 Metadata Management Influencers, Sites, and Blogs You Must Follow in 2021

Octopai

Without organized metadata management, the validity of a company’s data is compromised and they won’t achieve adequate compliance, data governance, or generate correct insights. Additionally, the BI team will have trouble pinpointing the cause of errors, leading to inaccurate reports. IRM UK Connects. Dataconomy.

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Understand PMML (It’s Not That Hard)!

Smarten

To accomplish this interchange, the method uses data mining and machine learning and it contains components like a data dictionary to define the fields used by the model, and data transformation to map user data and make it easier for the system to mine that data. No programming or scripting required.

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Analytics Changes the Calculus of Business Tax Compliance

Smart Data Collective

Deloitte discussed this new trend in a report titled “Tax data analytics A new era for tax planning and compliance.” ” Small businesses need to understand the role that data analytics plays in assisting with tax compliance. This is one of the areas where data mining technology can come in handy.

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Analytics for UX Design with “Yes” and “No” Buttons in Exit Intent Popups

Smart Data Collective

For instance, a popup can offer them access to a free analytics report that can help them grow their subscriber list by up to 500%. Data mining tools make it easier for them to research their issues in depth. A content upgrade is a lead magnet specifically related to the blog post the client is currently reading.

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Misleading Statistics Examples – Discover The Potential For Misuse of Statistics & Data In The Digital Age

datapine

Chaffetz’s numbers via a comparison with Planned Parenthood’s own annual reports. 3) Data fishing. This misleading data example is also referred to as “data dredging” (and related to flawed correlations). Seeking a relationship between data isn’t a data misuse per se, however, doing so without a hypothesis is.