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Tag: data analytics

Ensemble Technique: Solution to complex problems in Predictive analytics

Ensemble Technique: Solution to complex problems in Predictive analytics

What is Ensemble technique ? As discussed in previous few posts about predictive analytics challenges, Ensemble technique is a solution for most of them. Incremental learning environment, specifically demands for ensemble based algorithms for problem solving due to dynamic data generation functions. Ensemble technique is a class of meta-algorithms that merge various machine learning algorithms into single predictive model in order to reduce variance (bagging), bias (boosting), or increase predictions quality. Let us see a real world example to understand what ensemble technique exactly does….

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Missing Features: A challenge in data preparation

Missing Features: A challenge in data preparation

What is Missing Features Problem? The principle of machine learning and AI based application is “Garbage in-garbage out”. Hence, data cleaning and Exploratory Data Analysis are the key steps of data preparation phase. In the real world, the data comes with noise. The noise may include many things such as incorrect data, unnecessary extra data, missing values, missing attributes/features. Among st them, it is difficult to handle missing features problem. Missing features is one of the most common problems that…

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Data science and data analytics: what’s the relation?

Data science and data analytics: what’s the relation?

Data Analytics and Data science:Relation If you are unaware of the facts about what is data science exactly, then read this article before proceeding ahead:   Rehearsing data science comes down to associating data and information. It focuses to discover associations that can be made valuable for the business. Data science dives into the universe of the obscure by attempting to discover new examples and bits of knowledge. Rather than checking a speculation, similar to what is generally finished with…

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Moving towards optimized business solution with Prescriptive Analytics

Moving towards optimized business solution with Prescriptive Analytics

prescriptive analytics is special case of data analytics and in commercial organizations it is really important to implement them so that their business can grow and  achieve incredible heights. To read more about data analytics, please see this post. Lets see in detail, what is prescriptive Analytics and it’s value to the business: BI technology has grown in this era of information intelligence and still emerging with new and advanced solutions. One of the most promising approaches in the BI…

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IOT Analytics: Adding value to the business

IOT Analytics: Adding value to the business

Have you heard of smart devices? Yes, obviously and most of you will state smartphone as the popular example. Have you heard of smart appliances (such as refrigerators, ACs and what not?). Let me tell you that IoT is not just smart refrigerators, it is more than that. IoT (Internet of Things) brings insights in business applications by managing and analyzing data. IoT (Internet of Things) seems like customer fantasy came true, customer will have the facility to switch off…

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