Quantzig, a leading analytics advisory firm that delivers customized
analytics solutions, has announced the completion of its free resource
key trends in data mining. The process of digging through data
to discover hidden patterns and predict future outcomes has a long
history. The exponential rise in data volumes has resulted in a new
revolution in the field of data and analytics. However, the
technological advancements have enabled us to move beyond manual,
time-consuming practices to quick and automated data analysis.
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DATA MINING TRENDS (Graphic: Business Wire)
As a result, data mining is now a key aspect of research and strategy
building that helps businesses to gather meaningful information and
insights from existing data. Retailers, banks, manufacturers, and
insurers, among others, are using data mining to discover relationships
among everything from price optimization, promotions and demographics to
how the economy, risk, competition and social media are affecting their
business models, revenues, and customer relationships.
“Data mining is the process of finding anomalies, patterns, and
correlations within large data sets to predict future outcomes,” says
an advanced analytics expert from Quantzig.
Quantzig’s analytics solutions coupled with domain knowledge can
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Trends in Data Mining
Multimedia Data Mining
Multimedia data mining is one of
the latest trends in data mining that has witnessed widespread
adoption owing to its ability to capture and analyze data. It revolves
around the extraction and analysis of data obtained from diverse
multimedia sources such as text, hypertext, video, audio, and images.
proliferation of data sets have not only resulted in the evolution of
new business models but have also increased business complexities. In
such a scenario, data mining can help you gain visibility into core
a free proposal to know more.
Ubiquitous Data Mining
Ubiquitous data mining revolves
around mining data from mobile and handheld devices. It offers new
opportunities for pricing, product development, and customer
Spatial and Geographic Data Mining
Geographic and spatial
data mining can help reveal various aspects of datasets such as
distance and topology. This finds widespread usage in geographic
information systems and navigation-based applications.
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is a global analytics and advisory firm with offices in the US, UK,
Canada, China, and India. For more than 15 years, we have assisted our
clients across the globe with end-to-end data modeling capabilities to
leverage analytics for prudent decision making. Today, our firm consists
of 120+ clients, including 45 Fortune 500 companies. For more
information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal