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Fundamentals of Predictive Analytics

Predictive analytics (PA) is a subfield of data analytics and business intelligence that deals with an in-depth analysis of past events and forecasts of future events. This specialized branch of data analytics combines the power of data mining, data modeling, artificial intelligence (AI), and machine learning (ML) to make probabilistic predictions of future events. Predictive analytics relies […]

Machine Learning vs. Predictive Analytics

Predictive analytics and machine learning are extremely powerful tools used to predict future outcomes from large amounts of data. They help businesses gain insights, improve efficiency, and make informed decisions. With the big data space estimated to reach a value of $105 billion by 2027 (up from $37 billion in 2018), and 97% of organizations investing in big […]

Using Big Data Analytics to Combat White-Collar Crime

In the era of globalized markets, burgeoning international trade, complex financial systems, ever-evolving compliance and regulatory landscapes, and rapid technology advancement, white-collar crime has unfortunately seen a significant uptick in scale, variety, and sophistication. Whereas white-collar crime used to conjure images of high-flying executives stealing from company coffers, the modern landscape is much more complex, […]

Red Hat Brings Predictive Models to Business Automation Portfolio

A recent press release reports, “Red Hat, Inc., the world’s leading provider of open source solutions, today announced the latest release of Red Hat Process Automation, unveiling new applied artificial intelligence (AI) capabilities for predictive decision modeling, and support for the development of process- and decision-based business applications using micro-frontend architectures. Together with additional enhancements […]