Predictive analytics

An overview of the four main approaches to predictive analytics

This infographic provides an overview of the four main families of approaches to predictive analytics. Prediction encompasses applications that aim to estimate or predict the values of a key target field. Segmentation refers to techniques such as cluster analysis which attempt to find the most ‘naturally occurring” groups within a dataset. Association modelling discovers groups …

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Using SPSS Modeler’s cache_compression setting to speed up your modelling

There are a number of configuration settings associated with IBM SPSS Modeler Server that control its behaviour. The default settings aim to ensure that stream execution will complete successfully even if the host machine is being used by a number of other applications i.e. Modeler Server is trying to be a “good citizen”. However, if …

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Thinking of using spreadsheets for advanced analytics? Think again.

When we’re talking to potential clients about advanced analytics we often ask them what tools they’re currently using. More often than not they say they’re using spreadsheets. Spreadsheets are one of the most widely used tools for statistical analysis and of course, most businesses couldn’t run without them. However, when it comes to advanced analytics …

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How to ensure advanced analytics gives you a concrete competitive advantage

Most companies these days are aware of the potential value that advanced analytics could offer them. Lots of people are talking the talk of advanced analytics, hiring data scientists and investing in sophisticated analytics technologies. But these things on their own aren’t going to give you the competitive advantage that you’re hoping for. It’s not …

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