Are your in-house data mining limitations undermining financial forecasts?
According to a Fortune Business Insights report, businesses stay ahead of the competition by relying on data-driven decision-making, as it reduces the possibility of biased or subjective judgments. The global financial analytics market is projected to reach USD 22.64 billion by 2032, exhibiting a CAGR of 11.3%.
Continue reading “How Outsourcing Data Mining Transforms Financial Forecasting?”
Business data mining has become fundamental to data-driven decision-making. We will discuss data mining for business intelligence as a strategic approach to collecting relevant data. It covers industry-specific applications, the importance of data mining & key strategies and outlines a detailed workflow for internal implementation. The mined data is instrumental in gaining business intelligence as it provides actionable insights into consumer behavior, sales strategies, and overall performance.
Continue reading “From data to insights: Data mining for business intelligence”
The increasing rate of growth of medical data is showing no signs of slowing down. The identification, extraction, and processing of valuable data from the collection of sources is a challenge. The accurate performance of those processes makes the difference between a patient’s survival and alternate outcomes.
Dealing with huge volumes of data is a challenge itself. Analyzing and deriving information from such large files to base statistical predictions is all the more daunting. In a survey conducted on data mining practices and requirements, “92% of respondents wanted to deploy advanced analytics more broadly across their organizations.”
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