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What is data analytics? Analyzing and managing data for decisions

CIO Business Intelligence

Diagnostic analytics uses data (often generated via descriptive analytics) to discover the factors or reasons for past performance. Predictive analytics applies techniques such as statistical modeling, forecasting, and machine learning to the output of descriptive and diagnostic analytics to make predictions about future outcomes.

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12 data science certifications that will pay off

CIO Business Intelligence

The exam tests general knowledge of the platform and applies to multiple roles, including administrator, developer, data analyst, data engineer, data scientist, and system architect. Candidates for the exam are tested on ML, AI solutions, NLP, computer vision, and predictive analytics.

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Digital Twin Use Races Ahead at McLaren Group

CIO Business Intelligence

Predictive analytics can foretell a breakdown before it happens. The digital twins at McLaren are also used to run simulations for the design of new parts and then to test them for performance and reliability before they are manufactured and installed in the racing cars. Just starting out with analytics?

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The benefits of AI in healthcare

IBM Big Data Hub

Implementing AI can help recognize unusual or suspicious patterns in insurance claims, such as billing for costly services or procedures not performed, unbundling (which is billing for the individual steps of a procedure as though they were separate procedures), and performing unnecessary tests to take advantage of insurance payments.

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3 Key Components of the Interdisciplinary Field of Data Science

Domino Data Lab

To model anything highly technical and computationally — machine learning, deep learning, big data analytics, and natural-language processing, to name a few — code-based tools (such as R and Python) are usually preferred. After cleaning, the data is now ready for processing.

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Data science vs. machine learning: What’s the difference?

IBM Big Data Hub

One ride-hailing transportation company uses big data analytics to predict supply and demand, so they can have drivers at the most popular locations in real time. An e-commerce conglomeration uses predictive analytics in its recommendation engine. Python is the most common programming language used in machine learning.

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How AI is reshaping demand for IT skills and talent

CIO Business Intelligence

Organizations are also seeking more established IT skills such as predictive analytics, natural language processing, deep learning, and machine learning, says Mike Hendrickson, VP of tech and dev products at Skillsoft.

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