Smart Data Collective

MAY 11, 2023

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.

Data Mining 245

Data Mining Banking Competitive Landscape Predictive Analytics 245

CIO

AUGUST 11, 2023

How natural language processing works NLP leverages machine learning (ML) algorithms trained on unstructured data, typically text, to analyze how elements of human language are structured together to impart meaning. An NLP algorithm uses this data to find patterns and extrapolate what comes next. Amazon Comprehend.

Algorithm 845

Algorithm Matrix Pharmaceutical Data Mining 845

CIO

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. What are the four types of data analytics? Data analytics methods and techniques. Data analytics vs. business analytics.

Management 766

Management Predictive Analytics Data Mining Data Analysis 766

Smart Data Collective

NOVEMBER 1, 2020

Unsupervised ML uses algorithms that draw conclusions on unlabeled datasets. As a result, unsupervised ML algorithms are more elaborate than supervised ones, since we have little to no information or the predicted outcomes. Overall, unsupervised algorithms get to the point of unspecified data bits. Source ]. Source ].

Learning 334

Learning Data Mining Matrix Algorithm 334

mention

APRIL 11, 2024

Sentiment analysis, sometimes referred to as opinion or data mining, has become an invaluable tool in interpreting the vast ocean of digital text floating through cyberspace. Consider the sheer scale of data generated every minute; companies find it invaluable to sort through and categorize sentiments efficiently.

Analysis 157

Analysis Algorithm Gaming Cyberspace 157

Smart Data Collective

JANUARY 11, 2023

Content marketing is one of the most popular and effective ways people grow their landscape business in today’s world. If done the right way, content marketing can help your brand gain recognition and sales. When it comes to content marketing, research is key. The algorithm picks the ads from a pool of bids.

Marketing 246

Marketing Marketing Data Mining Advantage 246

Smart Data Collective

MARCH 30, 2022

They can use data on online user engagement to optimize their business models. They are able to utilize Hadoop-based data mining tools to improve their market research capabilities and develop better products. Companies that use big data analytics can increase their profitability by 8% on average.

Commerce 286

Commerce Startups Banking Advantage 286