Predictive Analytics for Finding Future Trends: 7 Easy Steps
Just like how software comes with updated versions in app stores following new trends, businesses need to come up with new updates to sustain a long time in the market. Therefore, predictive analytics is highly essential for any business. For providing what customers are looking forward... Read more
How Businesses are Growing Lean with Supply Chain Analytics
From airlines to bread-manufacturers, businesses are utilizing supply chain analytics to become lean and turn profitable. Leading retailer Walmart has taken the business to the next level with analytics. Read this blog to find out how these businesses are doing it, and where supply chain analytics... Read more
Predictive Analytics in Business | ML vs. System Modeling
Predictive analytics works in the real world without us understanding exactly how. We turn on our cell phones and expect them to work without understanding the fundamentals. We push the gas pedal and expect the car to go. Even something as simple as a pencil may... Read more
Crisis Intervention and Saving Lives with NLP & Predictive Analytics
Editor’s note: Tom is a speaker for ODSC East 2019 this April 30-May 3! Be sure to attend his talk, “Crisis Intervention and Saving Lives with Natural Language Processing & Predictive Analytics.” The field of predictive modeling is still young, but one of the most effective... Read more
Getting Started with Predictive Maintenance Models
This was originally posted on the Silicon Valley Data Science blog. In a previous post, we introduced an example of an IoT predictive maintenance problem. We framed the problem as one of estimating the remaining useful life (RUL) of in-service equipment, given some past operational history and historical run-to-failure... Read more
Are Your Predictive Models like Broken Clocks?
A wise philosopher (or comedian) once said, “Even a broken clock is right twice a day.” That same statement might also apply to some predictive models. Since prediction is about the future (usually), then random chance (like broken clockwork) may allow our model to be right occasionally (just... Read more
Predicting Resignation in the Military
In the 2015 hackathon organized by Singapore’s Ministry of Defense, one of the tasks was to predict resignation rates in the military, using anonymized data on 23,000 personnel which included their age, military rank, years in service, as well as performance indicators such as salary increments and... Read more