Top 5 most used tools were R (used by 70% of data miners), IBM SPSS Statistics, Rapid Miner, SAS, and Weka, while STATISTICA, KNIME, SAS JMP, IBM SPSS Modeler, and RapidMiner had the the highest satisfaction. Big Data is actually used only in a small fraction of projects. Last week at Predictive Analytics World in
Transaction banking has made huge strides in recent years. The easy availability of new technologies has improved operating efficiencies and accuracy. Apart from this, the speed of transactions has also increased remarkably. The volume of transaction banking...
The financial services industry will begin making significant strides in 2014 toward using data analytics to fight fraud, experts predict. The value of using big data to help prevent or detect fraud is becoming clearer, helping institutions...
Electricity theft is estimated to cost the energy industry approximately $6 billion each year. Analytics can help them recoup a significant portion of those losses. People go to all kinds of lengths to steal electricity. Some simply...
While heaps of big data exist in the travel sector – from how seasonality affects bookings to the types of travel packages that receive the highest conversion rates among consumers – leveraging some of the more unstructured...
Watch the interview with the PAW Founder, Eric Siegel. In the opening keynote session at the 2013 Predictive Analytics World conference in Boston, only two attendees raised their hands when speaker Eric Siegel asked how many people...
We ask five industry experts including heads of marketing and big data analytics to share their tips on how to get your team and organisation behind data analytics For the few stragglers who haven’t managed to be...
The analytics market has expanded. Where there was once only reactive analysis, prescriptive options have arrived, which are able to identify midsize issues and suggest timely correction. Predictive analytics has seen an upswing in adoption thanks to...
C-suite executives are at once enamored and afraid of big data. The notion of information created moment-to-moment and with every action of a company hints at massive analytics opportunity, but it can seem simultaneously overwhelming. Increasingly, IT...
Hewlett-Packard (HP) knows there are two sides to every coin. The company has achieved new power by predicting employee behavior, a profitable practice that may raise eyebrows among some of its staff. HP tags its more than...
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