Data mining techniques can be applied across various business domains such as operations, finance, sales, marketing, and supply chain management, among others. When executed effectively, data mining provides a trove of valuable information, empowering you to gain a competitive advantage through enhanced strategic decision-making. At its core, data mining is a method employed for the […]
Semantic Technology Trends in 2023
The trends of semantic technology are based on the desire to improve the computer’s understanding of data. The goal of combining semantic technology with a computer system is to discover relationships within the data. Semantic technology can be described as tools and methods that can process, categorize, and find patterns in the data. Semantics is […]
Advances in Data Warehouses
Data warehouses have advanced in the past few years, adding multiple enhancements and new capabilities. A data warehouse stores business data from a variety of applications and databases. It acts as a single repository, which an organization can access with BI (business intelligence) and analytics tools, before making decisions. A data warehouse provides faster processing […]
10 Key Data Mining Challenges in NLP and Their Solutions
Even as we grow in our ability to extract vital information from big data, the scientific community still faces roadblocks that pose major data mining challenges. In this article, we will discuss 10 key issues that we face in modern data mining and their possible solutions. 1. Heterogeneous Data Data can be of low quality, […]
Fundamentals of Descriptive Analytics
In descriptive analytics, data aggregation, and data mining techniques are used to collect and review the historical data of a business to gauge the past performance. The most common example of descriptive analytics is the reports that a user gets from Google Analytics tools. A web server’s summarized performance reports may help the user analyze […]
So You Want to be a Big Data Analyst?
With the increasing use of big data by organizations in every field, the need for big data analysts will continue to grow. Big data analysts examine vast amounts of varied data. They uncover hidden patterns, customer preferences, and market trends. One of the primary differences between a big data analyst and a data scientist is […]
A Brief History of Analytics
Historically speaking, a simple definition of analytics is “the study of analysis.” A more useful, more modern description would suggest “data analytics” is an important tool for gaining business insights and providing tailored responses to customers. Data analytics, sometimes abbreviated to “analytics,” has become increasingly important for organizations of all sizes. The practice of data […]
What Is Data Mining?
Data Mining is an older (and now allied) subset of machine learning and artificial intelligence that deals with large data sets. It uses pattern recognition technologies with statistical and mathematical techniques to forecast business trends and find useful patterns. “Data mining is also known as Knowledge Discovery in Data (KDD).” A component of data mining, […]
What Is Cognitive Computing?
Cognitive computing, a subfield of artificial intelligence, simulates human thought processes in machines using self-learning algorithms through data mining, pattern recognition, and natural language processing. These artificial environments rely on deep learning algorithms and neural networks to process information by comparing it to a teaching set of data. By mimicking human thought processes, computers help people […]
The Role of Big Data in Business Development
Click to learn more about author Mehul Rajput. With the huge amount of online data available today, it comes as no surprise that “big data” is still a buzzword. As the name suggests, business owners around the world now have a high volume and variety of information at their fingertips. But big data is more […]