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.
The lean development process is a well-established framework for building great products efficiently. But you can get even more out of it if you couple it with a data-driven mindset.
Pareto analysis, which strives to separate a vital few factors in a problem from an insignificant many, has a wide variety of applications across industries. Our expert shows you how it works.
