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Data Mining (2)

Business analysts are the new data scientists

The data now available to companies, coupled with advanced technology and business software, enables business analysts to perform the tasks of data scientists. Individuals can gain insight into everything from sales and marketing to production or shipping...

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Monte Carlo 101: Understanding Monte Carlo simulation and risk analysis

With today's tools, there's no reason to gamble on business decisions.  Before making a decision involving uncertainty, managers and executives can – and should – insist that risks are quantified and explored.

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Big data vs. a lot of data

These days, nearly everyone in business has heard about “big data”.  It’s one of the hottest topics in high tech, and many companies are spending big money on “big data solutions”.  But is it for you?

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Link between XLMiner and Spark

As businesses begin adopting Big Data and predictive analytics in their current workflows, there are tools available that make the process easier for analysts without much experience in data science.

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