Smart Data Collective

SEPTEMBER 16, 2020

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.

Predictive Analytics 303

Predictive Analytics Pharmaceutical Data Mining Algorithm 303

Smart Data Collective

NOVEMBER 18, 2020

You may not even know exactly which path you should pursue, since some seemingly similar fields in the data technology sector have surprising differences. We decided to cover some of the most important differences between Data Mining vs Data Science in order to finally understand which is which. What is Data Science?

Data Mining 357

Data Mining Analysis Predictive Analytics Data Analysis 357

CIO

JANUARY 19, 2024

Companies are increasingly eager to hire data professionals who can make sense of the wide array of data the business collects. If you’re looking to get into this lucrative field, or want to stand out from the competition, certification can be key.

Knowledge 793

Knowledge Data Mining Predictive Analytics Learning 793

Smart Data Collective

MARCH 2, 2023

Companies which require immediate business funding are using data analytics tools to research and better understand their options. However, there are even more important benefits of using big data during a bad economy. They can use data mining tools to evaluate the average interest rate of different lenders.

Data Mining 203

Data Mining Business Predictive Analytics Loss 203

Smart Data Collective

MARCH 30, 2022

How Can Your New Ecommerce Startup Take Advantage of Analytics Technology? You will have a huge competitive edge in the ecommerce market if you leverage analytics to your fullest potential. They can use data on online user engagement to optimize their business models. These algorithms are getting better all the time.

Commerce 286

Commerce Startups Banking Advantage 286

Smart Data Collective

MAY 11, 2023

Earlier this year, we talked about some of the major changes that data has brought to the financial sector. Bhagyeshwari Chauhan of DataHut writes that one of the major ways that big data helps is with identifying fraud. Predictive analytics and other big data tools help distinguish between legitimate and fraudulent transactions.

Data Mining 245

Data Mining Banking Competitive Landscape Predictive Analytics 245

Elegant BI

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 52

Business Intelligence Intelligence Intelligence Predictive Analytics 52