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Deciphering The Seldom Discussed Differences Between Data Mining and Data Science

Smart Data Collective

You may not even know exactly which path you should pursue, since some seemingly similar fields in the data technology sector have surprising differences. We decided to cover some of the most important differences between Data Mining vs Data Science in order to finally understand which is which. What is Data Science?

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5 Data Mining Tips to Leverage the Benefits of Surveys

Smart Data Collective

In short, consumer data is the gold of surveys and all market research conducted. 5 data mining tips for leveraging your surveys. Since you are collecting large chunks of data , what better than to start knowing more about your customers? However, in this case, the data mining activities are pretty specialized. .

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What are decision support systems? Sifting data for better business decisions

CIO

The data sources used by a DSS could include relational data sources, cubes, data warehouses, electronic health records (EHRs), revenue projections, sales projections, and more. Decision support systems are generally recognized as one element of business intelligence systems, along with data warehousing and data mining.

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What is data analytics? Analyzing and managing data for decisions

CIO

Data analytics is a discipline focused on extracting insights from data. It comprises the processes, tools and techniques of data analysis and management, including the collection, organization, and storage of data. What are the four types of data analytics? It is frequently used for risk analysis.

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Banks Merge Data Mining and CRM Tools to Boost Profitability

Smart Data Collective

Health and life insurance have seen significant advances in Big Data use in recent years. The banking sector, in particular, can use big data technology to improve the actuarial analysis of the loan underwriting and approval process. Pension area advances have not been as noticeable.

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Going ‘AI native’ with in-house ChatGPT the MITRE way

CIO

Its researchers have long been working with IBM’s Watson AI technology, and so it would come as little surprise that — when OpenAI released ChatGPT based on GPT 3.5 Most recently, MITRE’s investment in an Nvidia DGX SuperPod in Virginia will accelerate its research into climate science, healthcare, and cybersecurity.

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What is data science? Transforming data into value

CIO

What is data science? Data science is a method for gleaning insights from structured and unstructured data using approaches ranging from statistical analysis to machine learning. While closely related, data analytics is a component of data science, used to understand what an organization’s data looks like.