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Deciphering The Seldom Discussed Differences Between Data Mining and Data Science

Smart Data Collective

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?

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Banks Merge Data Mining and CRM Tools to Boost Profitability

Smart Data Collective

Banks that take immediate action based on their data analytics fraud scoring algorithms, such as blocking irregular transactions, can prevent fraud before it happens. The American Association of Actuaries reports that big data can also help with actuarial decision making.

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DirectX Visualization Optimizes Analytics Algorithmic Traders

Smart Data Collective

A growing number of traders are using increasingly sophisticated data mining and machine learning tools to develop a competitive edge. Using the DirectX analytics interface can enable you to pick out important trading insights and points, which simplifies algorithmic trading. Final thoughts.

Algorithm 332
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Startups Must Take Advantage of Big Data to Gain a Competitive Edge

Smart Data Collective

Startups need to take advantage of the latest technology in order to remain competitive. Big data technology is one of the most important forms of technology that new startups must use to gain a competitive edge. The success of your startup might depend on your ability to use big data to your full advantage.

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12 data science certifications that will pay off

CIO

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 774
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What is a data engineer? An analytics role in high demand

CIO

Data engineers also need communication skills to work across departments and to understand what business leaders want to gain from the company’s large datasets. Data engineers typically have a background in computer science, engineering, applied mathematics, or any other related IT field.

Knowledge 722
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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

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.