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What is predictive analytics? Transforming data into future insights

CIO Business Intelligence

With the help of sophisticated predictive analytics tools and models, any organization can now use past and current data to reliably forecast trends and behaviors milliseconds, days, or years into the future. Predictive analytics has captured the support of wide range of organizations, with a global market size of $12.49

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The quest for high-quality data

O'Reilly on Data

Depending completely on human labeling for these examples is simply a non-starter; as ML models get more complex and the underlying data sources get larger, the need for more data increases, the scale of which cannot be achieved by human experts. Ihab Ilyas on “Why data preparation frameworks rely on human-in-the-loop systems”.

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Of Muffins and Machine Learning Models

Cloudera

We can think of model lineage as the specific combination of data and transformations on that data that create a model. This maps to the data collection, data engineering, model tuning and model training stages of the data science lifecycle.

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How Technology Will Change FP&A Forever

Jedox

Paresh Mistry has published a blog which provides a good framework as a starting point. Once cleansed, its possible to enrich the data. For example a customer name and ID is not as valuable as the customer’s postal code, income bracket or other spending habits which could be enriched from data collected from Google for example.

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Top 10 Data Innovation Trends During 2020

Rocket-Powered Data Science

Customer purchase patterns, supply chain, inventory, and logistics represent just a few domains where we see new and emergent behaviors, responses, and outcomes represented in our data and in our predictive models. 7) Deep learning (DL) may not be “the one algorithm to dominate all others” after all.

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What is a Data Pipeline?

Jet Global

Machine Learning Pipelines : These pipelines support the entire lifecycle of a machine learning model, including data ingestion , data preprocessing, model training, evaluation, and deployment. API Data Pipelines : These pipelines retrieve data from various APIs and load it into a database or application for further use.

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What Is Embedded Analytics?

Jet Global

Let’s just give our customers access to the data. You’ve settled for becoming a data collection tool rather than adding value to your product. While data exports may satisfy a portion of your customers, there will be many who simply want reports and insights that are available “out of the box.”