Rocket-Powered Data Science

MARCH 19, 2021

One of the primary drivers for the phenomenal growth in dynamic real-time data analytics today and in the coming decade is the Internet of Things (IoT) and its sibling the Industrial IoT (IIoT). This article quotes an older market projection (from 2019) , which estimated “the global industrial IoT market could reach $14.2

Internet of Things 259

Internet of Things Analytics IoT Prescriptive Analytics 259

CIO Business Intelligence

JULY 5, 2022

What is business analytics? Business analytics is the practical application of statistical analysis and technologies on business data to identify and anticipate trends and predict business outcomes. What is the difference between business analytics and business intelligence? Prescriptive analytics: What do we need to do?

Business Analytics 126

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 126

Rocket-Powered Data Science

JULY 19, 2023

I recently saw an informal online survey that asked users which types of data (tabular, text, images, or “other”) are being used in their organization’s analytics applications. This was not a scientific or statistically robust survey, so the results are not necessarily reliable, but they are interesting and provocative.

Data-driven 188

Data-driven Enterprise Analytics Machine Learning 188

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. Data science is an area of expertise that combines many disciplines such as mathematics, computer science, software engineering and statistics.

Data Science 76

Data Science Data Analytics Prescriptive Analytics Analytics 76

CIO Business Intelligence

NOVEMBER 14, 2022

Digital marketing and services firm Clearlink uses a DSS system to help its managers pinpoint which agents need extra help. They generally leverage simple statistical and analytical tools, but Power notes that some OLAP systems that allow complex analysis of data may be classified as hybrid DSS systems. Analytics, Data Science

Data mining 129

Data mining Data-driven Statistics OLAP 129

Rocket-Powered Data Science

MARCH 10, 2020

Entities are the nodes in the graph — these can be people, events, objects, concepts, or places. Consider this marketing attribution use case: person A sees the marketing campaign, person A talks about it on their social media account, person B is connected to person A and sees the comment, and subsequently person B buys the product.

Metadata 250

Metadata Machine Learning ROI Prescriptive Analytics 250

Birst BI

OCTOBER 30, 2018

Remember when you began your career and the prospect of retirement was an event in the distant future? The foundation of predictive analytics is based on probabilities. To generate accurate probabilities of future behavior, predictive analytics combine historical data from any number of applications with statistical algorithms.

Predictive Analytics 73

Predictive Analytics Descriptive Analytics Analytics Metrics 73