ISM 4117 Data Mining and Predictive Analytics
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Data mining as per the course ISM 4117 Data Mining and Predictive Analytics is a process used by organizations to turn raw data into useful information. With the help of software to look for patterns in a large form of data, organizations can know more about their consumers to develop more effective marketing strategies, increase sales and decrease costs.
Predictive analytics, on the other hand, is the branch of advanced analytics which is implemented to make predictions about unknown future events. Predictive analytics, as per the course ISM 4117 Data Mining and Predictive Analytics, uses data mining, statistics, modelling, machine learning, and artificial intelligence to analyze current data to make predictions about the future.
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