Predictive Modeling for Unstructured Data

Huge influx of data is experienced everywhere on the Internet and also in enterprises. Understanding and analyzing the content present in this data can provide myriad applications. Earlier, correlations and patterns in the data are understood with descriptive analytics by compacting data into useful bytes of information. Now, it is no more considered effective to use descriptive analytics as they are responsive. We need to be proactive, and predictive analytics is the next possible solution. It utilizes various methods that are borrowed from statistics and computer science theory to model data with machine learning and data mining approaches. Thereby, it allows to study new and old data to make forecasts. Also, providing proactive analytics with predictive modeling helps to convert new and old data into valuable information.

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