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The explanations are that inferential analysis infers properties from tests and estimates, whereas predictive analytics focus on more the past and past behavior to better predict the future.
In today’s cut-throat and ever-evolving environment, an organization needs to be agile and data-driven to maintain an upper hand over the competition.
British bank HSBC has converted a financial crime-spotting algorithm it was forced to build in the wake of a money-laundering scandal into one that can scope out new business opportunities.
We differentiate Big Data characteristics from traditional data by one or more of the five V’s: Volume, velocity, variety, veracity and value.
Blockchains, by design and definition, defines a specific type of database… they are a write-once read-only database.
The study commissioned by BitSight indicates that cybersecurity performance is critical to achieving commercial success.
Predictive modeling is a process that uses data and statistics to predict outcomes with data models.
Knowing your competitors’ moves and being able to anticipate them is every company’s golden ticket.
GDPR is not the only regulation to affect the banking industry. Another European regulation has been put in place that changes the way Banks share customer data with third-parties. It’s called Open Banking.
Let’s take a look at the contribution of data and analytics to one of the most important phases of a business’ operation: The phase going from market research to product launch and consequent sales generation.