Plumbing the world’s ever-growing pools of digitized information — on the Web, in corporate databases, generated by scientific research — for wisdom and profit is a growth industry today. The geeky field even has a shorthand name, “big data.”



So it is scarcely surprising that a four-day conference in Washington, organized by the Association for Computing Machinery, and focused on knowledge discovery and data mining, is attracting corporate researchers and university scientists in… Continue

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Emily Lambert, 07.28.10, 02:36 PM EDT -- Computer jockeys setting up own shops in bids to make millions.



Pity the programmers toiling away at Wall Street's secretive high-frequency trading shops--places like Goldman Sachs ( GS - news - people ), Citadel and Getco. They wrote algorithms that take advantage of fleeting trading opportunities and bring in up to $100,000 a day. In return, they received a fraction of the pay doled out to their bosses.



Now some programmers feel… Continue

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Included in the Summary of Changes Made in the Substitute Amendment to the Small Business Jobs Act:



“Use of Predictive Modeling and Other Analytics Technologies to Identify and Prevent Waste, Fraud and Abuse in the Medicare Fee-for Service Program. The substitute would require the Secretary to contract with private companies to conduct predictive modeling and other analytics technologies to identify and prevent payment of improper claims submitted under Parts A and B of Medicare. The… Continue

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The Handbook of Statistical Analysis and Data Mining John Elder I'll be speaking in DC Monday on Text Mining at KDD, and there through Wednesday - July 25 - 28, 2010…



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(AP) Octopus oracle Paul's prescience wasn't needed to predict how this one would turn out: His aquarium in Germany has given a resounding "nein" to a bid to move the celebrity mollusk to Spain.



Paul rose from obscurity in Oberhausen's Sea Life aquarium during the World Cup to international celebrity as he correctly called the outcome of Germany's seven matches in the month-long tournament, time and again picking a mussel from a tank marked with the flag of the would-be… Continue

http://www.vancouversun.com/life/drug%20religious%20belief%20take%20sting%20living%20scientists/3228459/story.html

Statistics...a very wonderful science.

Have you ever seen a tree?

Yes...A tree.It is full of models.I spend a lot of time watching a

tree.

Decision making theory is in it.

Graph is in it.

Pine trees had… Continue

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July 7, 2010 PITTSBURGH, PENNSYLVANIA -- The Modeling Agency (TMA), a data mining training, consulting and solutions company, today announced a substantial restructuring of its popular predictive analytics and data mining course series.



The series has been significantly redesigned to be even more pragmatic, lasting and impactful. Now more than ever, there is no other vendor-neutral event or mode of delivery that can establish a sustained baseline of proficiency in Predictive…

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Not so fast, Ms. Math Teacher.

"As far as the propositions of mathematics refer to reality, they are not certain; and as far as they are certain, they do not refer to reality."

-- Albert Einstein

"Although this may seem a paradox, all exact science is based on the idea of approximation. If a man tells you he knows a thing exactly, then you can be safe in…

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