Terms like business intelligence and data analytics mean different things in different contexts and the only way to hack through the Forest of Jargon is with a Machete of Specificity. Whether you're building an analytics tool, shopping for a business intelligence application, or just looking to get a better handle on IT terms, it's useful to be familiar with the analytics … [Read more...] about The Four Types of Data Analytics
predictive analytics
You Look Like A Criminal! Predicting Crime With Algorithms
Can you really predict if someone is going to commit a crime? Some authorities are using facial recognition, predictive analytics and machine learning to predict who will commit a crime. Even if you can use an algorithm to deduce the likelihood of an individual's future, to apprehend a suspect before a crime is even committed surely cannot lead to a conviction as no offence … [Read more...] about You Look Like A Criminal! Predicting Crime With Algorithms
Why Prescriptive Analytics Is the Future of Big Data
Big Data has ushered in an era of data analytics that is taking different forms, including prescriptive analytics. This type of business analytics helps you find the best approach for a specific circumstance. It is also considered the third or final part of business analytics, which also encompasses descriptive analytics and predictive analytics. Prescriptive analytics … [Read more...] about Why Prescriptive Analytics Is the Future of Big Data
Five Ways Healthcare Data Analytics Can Help You
Big data analytics is surfacing into a promising field in healthcare as it provides valuable insights from extremely large data sets and enhances outcomes while reducing costs. While it is a valuable asset, intelligent decisions regarding treatment options and intervention can be driven through analyzing data. The ability to track patterns and trends from multiple sources … [Read more...] about Five Ways Healthcare Data Analytics Can Help You
The Power of Predictive Analytics in Hiring
In an ever-increasing corporate landscape, making quality hires is critically important for organizations looking to improve their bottom line. The U.S. Department of Labor estimates that the cost of a bad hire is in excess of 30% of that employee's first-year earnings. To reduce the occurrence of bad hires, a growing number of businesses are turning to predictive analytics and … [Read more...] about The Power of Predictive Analytics in Hiring
