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Featured Blog Posts – April 2017 Archive (6)

Business Analytics and Intelligence Compared

Business analytics and business intelligence are two different notions, but only few people understand the difference. Interestingly, even people who have worked in the business industry struggle with this particular topic or have various different answers when someone asks the question 'What is the difference between business analytics and business intelligence?'

Some people define business analytics as an umbrella term and place intelligence as one of its parts, together with data…

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Added by Laura Buckler on April 25, 2017 at 8:00am — 1 Comment

Tips for Reducing Fraud and Bolstering Customer Data Security

Many businesses, especially small businesses, underestimate the danger their company’s data is in. They have the idea that because they’re fairly small, no one would want to try to steal the customer information they collect. After all, why go after a few thousand customer records when you could attack a large corporation and potentially walk away with tens of…

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Added by Peter Davidson on April 17, 2017 at 6:00am — No Comments

Monte Carlo Analysis and Simulation

The Monte Carlo method is an simple way to solve very difficult probabilistic problems. This text is a very simple, didactic introduction to this subject, a mixture of history, mathematics and mythology.

 

The method has origins in the World War II, proposed by the Polish American mathematician Stanislaw Ulam and Hungary American mathematician John Von Neumann.…

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Added by Arnaldo Gunzi on April 11, 2017 at 4:00pm — No Comments

4 types of social media analytics explained

Depending on the business objectives, social media analytics can take four different forms, namely, descriptive analytics, diagnostic analytics, predictive analytics, and prescriptive analytics.

Social media data is the new gold and analytics is its digging tool. Social Media Analytics (SMA) is the art and science of extracting valuable hidden business insights from social media media data (Khan, 2015) . SMA turns the…

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Added by Dr. Gohar Khan on April 10, 2017 at 1:30pm — No Comments

Factoring Massive Numbers: Machine Learning Approach - Why and How

We are interested here in factoring numbers that are a product of two very large primes. Such numbers are used by encryption algorithms such as RSA, and the prime factors represent the keys (public and private) of the encryption code. Here you will also learn how data science techniques are applied to big data, including visualization, to derive insights. This article is good reading for the data scientist in training, who might not necessarily have easy access to interesting data: here the…

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Added by Vincent Granville on April 6, 2017 at 7:30pm — No Comments

The Ultimate Guide for Choosing Algorithms for Predictive Modeling

There are three ways to look at data. The first is analytics. This is when you look at data from the (potentially very recent) past. Think analytics. It allows you to explore the questions what happened and why did it happen? The second is monitoring. This is looking at things as they happen. In many cases, monitoring is used to find abnormalities. Finally, there is…

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Added by Steven M. Mehler on April 3, 2017 at 12:00am — 1 Comment

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