Data mining is the process of transforming large batches of raw data into usable information. We mine data to uncover insights that lead to data-driven decisions.
The words likelihood and probability are often used interchangeably, but they actually refer to two distinct types of measurement. Our expert explains the difference in detail here.
Predictive analytics allows companies to use multidimensional factors to identify growth opportunities and risks, particularly when used to examine insights found within big data.
