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Predictive Analytics: 4 Primary Aspects of Predictive Analytics

Smart Data Collective

Predictive analytics, sometimes referred to as big data analytics, relies on aspects of data mining as well as algorithms to develop predictive models. The applications of predictive analytics are extensive and often require four key components to maintain effectiveness.

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Fundamentals of Data Mining

Data Science 101

This data alone does not make any sense unless it’s identified to be related in some pattern. Data mining is the process of discovering these patterns among the data and is therefore also known as Knowledge Discovery from Data (KDD). Machine learning provides the technical basis for data mining.

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What is a data architect? Skills, salaries, and how to become a data framework master

CIO Business Intelligence

Established and emerging data technologies: Data architects need to understand established data management and reporting technologies, and have some knowledge of columnar and NoSQL databases, predictive analytics, data visualization, and unstructured data.

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Glossary of Digital Terminology for Career Relevance

Rocket-Powered Data Science

Analytics: The products of Machine Learning and Data Science (such as predictive analytics, health analytics, cyber analytics). Edge Computing (and Edge Analytics): Industry 4.0: Algorithm: A set of rules to follow to solve a problem or to decide on a particular action (e.g., See [link]. Industry 4.0

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Data science vs data analytics: Unpacking the differences

IBM Big Data Hub

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. For example, retailers can predict which stores are most likely to sell out of a particular kind of product.

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Text Analytics – Understanding the Voice of Consumers

BizAcuity

Text Analytics – is a process of turning unstructured text – available in the form of tweets, comments, reviews, etc. – into structured data to develop actionable managerial insights to enhance their operations. . .

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Understanding Demand Forecasting And Then Mastering It

BizAcuity

An area of predictive analytics, demand forecasting takes into account the historical data of a business and uses that to harnesses the demand for their goods and services. For instance, if the demand is underestimated, sales can be lost due to the lack of supply of goods – which is referred to as a negative gap.