IBM Big Data Hub

SEPTEMBER 19, 2023

Though you may encounter the terms “data science” and “data analytics” being used interchangeably in conversations or online, they refer to two distinctly different concepts. Meanwhile, data analytics is the act of examining datasets to extract value and find answers to specific questions.

Data Science 84

Data Science Data Analytics Prescriptive Analytics Analytics 84

Cloudera

AUGUST 4, 2021

While both are far superior to traditional Corrective maintenance (action only after a piece of equipment fails), Predictive is by far the most effective. In fact, McKinsey points to a 50% reduction in downtime and a 40% reduction in maintenance costs when using IoT and data analytics to predict and prevent breakdowns.

IoT 98

IoT Unstructured Data Machine Learning Predictive Modeling 98

CIO Business Intelligence

APRIL 22, 2022

What is data science? Data science is a method for gleaning insights from structured and unstructured data using approaches ranging from statistical analysis to machine learning. Data science gives the data collected by an organization a purpose. Data science vs. data analytics.

Data Science 136

Data Science Statistics Machine Learning Visualization 136

IBM Big Data Hub

FEBRUARY 14, 2024

Energy Companies in the energy sector can increase their cost competitiveness by harnessing AI and data analytics for demand forecasting, energy conservation, optimization of renewables and smart grid management. Banks and other lenders can use ML classification algorithms and predictive models to suggest loan decisions.

Cost-Benefit 88

Cost-Benefit Insurance Unstructured Data Machine Learning 88

IBM Big Data Hub

JULY 6, 2023

It uses advanced tools to look at raw data, gather a data set, process it, and develop insights to create meaning. Areas making up the data science field include mining, statistics, data analytics, data modeling, machine learning modeling and programming.

Machine Learning 59

Machine Learning Data Science Statistics Deep Learning 59

Smart Data Collective

SEPTEMBER 26, 2021

Data mining and knowledge go hand in hand, providing insightful information to create applications that can make predictions, identify patterns, and, last but not least, facilitate decision-making. Working with massive structured and unstructured data sets can turn out to be complicated.

Metadata 99

Metadata Visualization Unstructured Data Data mining 99

datapine

DECEMBER 4, 2019

Moreover, as most predictive analytics capabilities available today are in their infancy — they have simply not been used for long enough by enough companies on enough sources of data – so the material to build predictive models on was quite scarce. Augmented Analytics.

Business Intelligence 212

Business Intelligence Prescriptive Analytics Analytics Predictive Analytics 212