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5 Data Mining Tips to Leverage the Benefits of Surveys

Smart Data Collective

In short, consumer data is the gold of surveys and all market research conducted. 5 data mining tips for leveraging your surveys. Since you are collecting large chunks of data , what better than to start knowing more about your customers? Basket analysis.

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What is data analytics? Analyzing and managing data for decisions

CIO

Data analytics is a discipline focused on extracting insights from data. It comprises the processes, tools and techniques of data analysis and management, including the collection, organization, and storage of data. What are the four types of data analytics? It is frequently used for risk analysis.

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What is NLP? Natural language processing explained

CIO

Natural language processing examples Data comes in many forms, but the largest untapped pool of data consists of text — and unstructured text in particular. Licensed by MIT, SpaCy was made with high-level data science in mind and allows deep data mining. Apply the technology to voice and the pool gets even larger.

Algorithm 889
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What Is Agile Market Research and Why Is It Important?

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Agile research to the rescue! Modern businesses have adopted agile market research as an answer to the dynamic environment in which they operate. What does this mean; how is it different from traditional market research; and why should you do it? What Is Agile Market Research? Let’s find out.

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An Important Guide To Unsupervised Machine Learning

Smart Data Collective

Overall, unsupervised algorithms get to the point of unspecified data bits. Clustering – Exploration of Data. Cluster analysis is aimed at classifying objects into groups called clusters on the basis of the similarity criteria. Overall, clustering is a common technique for statistical data analysis applied in many areas.

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5 Product Strategy Consulting Tips for Data-Driven Marketing Campaigns

Smart Data Collective

This is going to be a lot easier if you use predictive analytics technology to better understand the trajectory of the market. You can use Google Trends and other predictive analytics tools for your marketing research to estimate the future demand and gauge evolving customer expectations.

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Banks Merge Data Mining and CRM Tools to Boost Profitability

Smart Data Collective

Health and life insurance have seen significant advances in Big Data use in recent years. The banking sector, in particular, can use big data technology to improve the actuarial analysis of the loan underwriting and approval process. Pension area advances have not been as noticeable.