The trend toward analytics is growing globally. Even the smallest business is jumping on the bandwagon, and with good reason. With market changes, shifts in customer buying behavior and the need to spend wisely, businesses must make data-driven decisions if they are to be competitive […]
Tag: Advanced Analytics
Do You Know What Key Influencer Analytics Can Do For Your Business? What matters most in your business? Don’t say everything, because there is no way you can place strategic focus on every aspect of the business and, although all of your goals and objectives […]
If your small or medium sized (SME) business is looking for ways to improve forecasting, problem solving and market opportunities, it must have an agile, swift analytical process that will allow business users to leverage their role, their knowledge of their business function and their […]
This article describes the analytical technique of multilayer perceptrons for classification. What is a Multilayer Perceptron Classifier? Multilayer perceptron (MLP) is a technique of feed-forward artificial neural networks using a back propagation learning method to classify the target variable used for supervised learning. MLP’s […]
This article describes the analytical technique of generalized linear regression with gaussian distribution. What is Generalized Linear Regression with Gaussian Distribution? The Generalized Linear Model (GLM) Regression is a flexible generalization of ordinary linear regression that allows for response variables that have error distribution […]
This article provides a brief overview of random forest classification technique. What is Random Forest Classification? The Random Forest Classification model constructs many decision trees wherein each tree votes and outputs the most popular class as the prediction result. Random Forest Classification output helps […]
This article provides a brief overview of isotonic regression technique. What is Isotonic Regression? Isotonic Regression is a variant of linear regression and allows us to build models in piecewise linear manner i.e., breaking up the problem into few or many linear segments and […]
Small and medium sized businesses (SMEs) often find it difficult to balance the day-to-day need for data with the cost of employing data scientists or professional analysts to help with forecasting, analysis, data preparation and other complex analytical tasks. A recent Gartner study found that […]
A recent study published by Gartner revealed that 10% of midsize organizations currently have some form of prescriptive analytics. This is forecast to grow to 36%. You may be wondering why the use of predictive analytics is growing so rapidly in midsized companies, and it […]
If your business has embraced the concept of Digital Transformation (Dx) and Data Literacy, it must plan for these initiatives in order to ensure that they are successful. The best way to achieve Dx and data literacy is to establish a technology environment that will […]