Smart Data Collective

MARCH 23, 2022

This AI could be utilized as a safety feature , like real-time risk assessment, for example, alerting the driver when a potential incident has been detected. Software that has bugs need to be properly tested at all stages of development for both functionalities as well as cybersecurity. AI is Leading to a Generation of Safer Vehicles.

IoT 109

IoT Internet of Things Testing Cost-Benefit 109

BizAcuity

APRIL 1, 2023

Anti-Money Laundering (AML) is increasingly becoming a crucial branch of risk management and fraud prevention. In fact, online casinos as an industry carries the biggest risk of money laundering. With the exponential growth of large datasets, predictive analytics is being leveraged by enterprises across industries.

Machine Learning 52

Machine Learning Predictive Analytics Predictive Modeling Risk 52

BizAcuity

JANUARY 18, 2023

Anti-Money Laundering (AML) is increasingly becoming a crucial branch of risk management and fraud prevention. In fact, online casinos as an industry carries the biggest risk of money laundering. With the exponential growth of large datasets, predictive analytics is being leveraged by enterprises across industries.

Machine Learning 52

Machine Learning Predictive Analytics Predictive Modeling Risk 52

Smarten

MAY 31, 2022

The technology research firm, Gartner has predicted that, ‘predictive and prescriptive analytics will attract 40% of net new enterprise investment in the overall business intelligence and analytics market.’ It is meant to identify crucial relationships and opportunities and risks and help the organization to accurately predict: Growth.

Predictive Analytics 67

Predictive Analytics Analytics Predictive Modeling Prescriptive Analytics 67

CIO Business Intelligence

AUGUST 23, 2023

That need for complex mathematical modeling at scale makes the finance industry a perfect candidate for the promise of quantum computing, which makes (extremely) quick work of computations, including complex ones, delivering results in minutes or hours instead of weeks and months.

IT 90

IT Machine Learning Risk Optimization 90

DataRobot

OCTOBER 19, 2021

DataRobot helped combat this problem head on by applying AI to evaluate and predict resource allocation and identify the most impacted communities from a national to county level. On average, DataRobot forecasts had a 21 percent lower rate of error than all other published competing models over a six to eight week period.

Forecasting 98

Forecasting Predictive Modeling Optimization Testing 98

CIO Business Intelligence

JUNE 7, 2022

Data analytics draws from a range of disciplines — including computer programming, mathematics, and statistics — to perform analysis on data in an effort to describe, predict, and improve performance. Predictive analytics is often considered a type of “advanced analytics,” and frequently depends on machine learning and/or deep learning.

Data Analytics 135

Data Analytics Diagnostic Analytics Management Analytics 135

Smart Data Collective

SEPTEMBER 17, 2020

Financial institutions such as banks have to adhere to such a practice, especially when laying the foundation for back-test trading strategies. Here are a few of the advantages of Big Data in the banking and financial industry: Improvement in risk management operations. The Role of Big Data. Engaging the Workforce.

Big Data 142

Big Data Finance Risk Management Risk 142

CIO Business Intelligence

OCTOBER 5, 2023

As chief digital and technology officer at CBRE, Davé recognized early that the commercial real estate industry was ripe for AI and machine learning enhancements, and he and his team have tested countless use cases across the enterprise ever since. Let’s start with the models. And those experiments have paid off.

Experimentation 129

Experimentation Strategy Machine Learning Interactive 129

CIO Business Intelligence

OCTOBER 13, 2023

Responsibilities include building predictive modeling solutions that address both client and business needs, implementing analytical models alongside other relevant teams, and helping the organization make the transition from traditional software to AI infused software.

Deep Learning 143

Deep Learning Machine Learning Modeling Software 143

DataRobot

MAY 25, 2021

DataRobot is excited to be awarded the 2021 ACT-IAC Innovation Award for ContagionNET, our pioneering rapid antigen test for COVID-19 that is at the forefront of pandemic preparedness and response. As part of these efforts, we built accurate predictive models to determine the spread of the disease weeks and months in advance of a surge.

Testing 52

Testing Predictive Modeling Data-driven Reporting 52

Domino Data Lab

JULY 28, 2021

There are many software packages that allow anyone to build a predictive model, but without expertise in math and statistics, a practitioner runs the risk of creating a faulty, unethical, and even possibly illegal data science application. All models are not made equal.

Data Science 110

Data Science Statistics Recreation/Entertainment Predictive Analytics 110

Business Over Broadway

SEPTEMBER 27, 2018

pharmacogenomics) and risk assessment of genetic disorders (e.g., genetic counseling, genetic testing). In this scenario, marketing analytics can only be conducted within one data silo at a time, decreasing your model’s predictive power / increasing your model’s error. segmentation on steroids).

Machine Learning 76

Machine Learning Data Integration Marketing Predictive Modeling 76

Smarten

JUNE 25, 2019

Augmented analytics allows for data prep, Smart Data Visualization and Assisted Predictive Modeling with the help of machine learning and natural language processing (NLP), so users need not be trained as data scientists to get to the heart of the data and find those elusive nuggets of information that will help them create, change and improve.

Analytics 51

Analytics Predictive Modeling Visualization Machine Learning 51

Smarten

APRIL 17, 2018

How Can Assistive Predictive Modeling Help My Business Users? Assisted Predictive Modeling can help your business achieve its goals.

Predictive Analytics 40

Predictive Analytics Predictive Modeling Analytics Forecasting 40

DataRobot

JUNE 4, 2021

As new algorithms prove their merit, they are incorporated into DataRobot’s algorithm repository, and the platform continues to adapt and evolve even after models are deployed through a concept called continuous learning. Here, we have a model that predicts foot traffic for a chain of coffee shops. Data Source Comparison.

Forecasting 52

Forecasting Machine Learning Predictive Modeling Modeling 52

IBM Big Data Hub

JULY 6, 2023

Areas making up the data science field include mining, statistics, data analytics, data modeling, machine learning modeling and programming. Because data analysts often build machine learning models, programming and AI knowledge are also valuable. Deep learning algorithms are neural networks modeled after the human brain.

Machine Learning 56

Machine Learning Data Science Statistics Deep Learning 56

IBM Big Data Hub

JUNE 29, 2023

This information is then used to build predictive models of an asset’s performance over time and help spot potential problems before they arise. One of the ways maintenance managers refine and improve predictive analytics to increase asset reliability is through the creation of a digital twin.

Cost-Benefit 84

Cost-Benefit Measurement Management Predictive Analytics 84

Smarten

AUGUST 21, 2019

Assisted Predictive Modeling – These tools enable the average business user to leverage sophisticated predictive algorithms without requiring statistical or data science skills. Users can highlight trends and patterns, test hypotheses and theories to reduce business risk, and easily predict and forecast results.

Analytics 51

Analytics Predictive Modeling Visualization Statistics 51

IBM Big Data Hub

FEBRUARY 14, 2024

Other uses include Netflix offering viewing recommendations powered by models that process data sets collected from viewing history; LinkedIn uses ML to filter items in a newsfeed, making employment recommendations and suggestions on who to connect with; and Spotify uses ML models to generate its song recommendations.

Cost-Benefit 85

Cost-Benefit Insurance Unstructured Data Machine Learning 85

DataRobot Blog

JUNE 23, 2022

Your artificial intelligence (AI) system has given you this “predicted feature” in addition to what you already know about the applicant. Business rules set by the credit committee to control business risk and the loan portfolio also constrain accepting this application and advancing the loan. Go Beyond Predictions. Learn More.

Predictive Modeling 59

Predictive Modeling Modeling Data Science Measurement 59

Birst BI

OCTOBER 30, 2018

A personal crystal ball that predicts your days ahead is what financial services firms everywhere want. Every day, these companies pose questions such as: Will this new client provide a good return on investment, relative to the potential risk? Is this existing client a termination risk? Will this next trade return a profit?

Predictive Analytics 73

Predictive Analytics Descriptive Analytics Analytics Metrics 73

Smarten

JANUARY 8, 2019

Assisted predictive modeling suggests techniques to analyze data that will result in the right outcome for the goals of the analysis. Business users get support for day-to-day decisions and can quickly and easily test theories and hypotheses in a risk-free environment.

Analytics 40

Analytics Predictive Modeling Visualization Business Analysis 40

Smarten

JANUARY 31, 2019

Put simply, business Intelligence uses historical data to reveal where the business has been, and managers can use this data to predict competitive response and discover what is changing in customer buying behavior and in sales.

Business Intelligence 40

Business Intelligence Analytics Predictive Modeling Forecasting 40

IBM Big Data Hub

OCTOBER 16, 2023

Reinforcement learning uses ML to train models to identify and respond to cyberattacks and detect intrusions. Banks and other financial institutions train ML models to recognize suspicious online transactions and other atypical transactions that require further investigation. Many stock market transactions use ML.

Machine Learning 49

Machine Learning Marketing Forecasting Modeling 49

DataKitchen

SEPTEMBER 21, 2023

In the context of Data in Place, validating data quality automatically with Business Domain Tests is imperative for ensuring the trustworthiness of your data assets. Running these automated tests as part of your DataOps and Data Observability strategy allows for early detection of discrepancies or errors.

Testing 169

Testing Data Quality Predictive Modeling Metrics 169

DataRobot Blog

JULY 22, 2022

Using AI-based models increases your organization’s revenue, improves operational efficiency, and enhances client relationships. You need to know where your deployed models are, what they do, the data they use, the results they produce, and who relies upon their results. That requires a good model governance framework.

Modeling 105

Modeling Risk Management Testing Risk 105

Smarten

JUNE 27, 2018

For example, if an outlier indicates a risk or a mistake, that outlier should be identified and the risk or mistake should be addressed.

IT 40

IT Business Intelligence Predictive Modeling Testing 40

Smarten

JUNE 28, 2018

Business Problem: A bank wants to group loan applicants into high/medium/low risk based on attributes such as loan amount, monthly installments, employment tenure, the number of times the applicant has been delinquent in other payments, annual income, debt to income ratio etc. Use Case – 1. Use Case – 2.

IT 40

IT Business Intelligence Predictive Modeling Risk 40

Smarten

JUNE 25, 2018

Loan applicants in a bank might be grouped as low, medium, and high risk applicants based on applicant age, annual income, employment tenure, loan amount, the number of times a payment is delinquent etc. About Smarten.

Enterprise 40

Enterprise IT Business Intelligence Predictive Modeling 40

Smarten

JUNE 27, 2018

To explore this technique further, let’s conduct the SVM classification using the following variables: Here we see a sample output for the actual versus predicted outcome. The prediction accuracy is useful criterion for assessing the model performance. Model with prediction accuracy >= 70% is useful.

Business Analytics 40

Business Analytics Analytics IT Business Intelligence 40

O'Reilly on Data

JANUARY 17, 2023

Building Models. A common task for a data scientist is to build a predictive model. You’ll try this with a few other algorithms, and their respective tuning parameters–maybe even break out TensorFlow to build a custom neural net along the way–and the winning model will be the one that heads to production.

Machine Learning 325

Machine Learning Predictive Modeling Software Modeling 325

Smarten

JUNE 29, 2018

Based on these labels, the bank can easily make a decision on whether to give a loan to an applicant and the credit limit and interest rate each applicant is eligible for based on the amount of risk involved. Use Case – 2.

IT 40

IT Business Intelligence Predictive Modeling Statistics 40

O'Reilly on Data

SEPTEMBER 19, 2023

Stage 2: Machine learning models Hadoop could kind of do ML, thanks to third-party tools. While data scientists were no longer handling Hadoop-sized workloads, they were trying to build predictive models on a different kind of “large” dataset: so-called “unstructured data.” And it was good.

Machine Learning 247

Machine Learning Testing Modeling Cost-Benefit 247

Smarten

JUNE 29, 2018

Based on these labels, the bank can easily make a decision on whether to give a loan to an applicant and the credit limit and interest rate for each applicant, based on the amount of risk. Use Case – 2.

Enterprise 40

Enterprise Business Intelligence Predictive Modeling Statistics 40

Smarten

JUNE 27, 2018

In this way, the riskier customers are identified easily and bank can avert the risk of delinquencies. Business Problem: Based on customer attributes and past online shopping behavioral data, an online retail giant wants to predict the future purchases of customers. Use Case – 2.

IT 40

IT Business Intelligence Predictive Modeling Statistics 40

IBM Big Data Hub

APRIL 5, 2024

The maintenance, repair and overhaul (MRO) system provides necessary spare parts to carry out work and maintains an optimum stock level with a balance of stock out risk and part holding costs. Asset criticality defines whether a preventive or predictive task is justified in terms of cost and risk.

Management 67

Management Risk Optimization Predictive Modeling 67