Advanced analytics

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Published: Oct 22, 2012
Oct 2012
Machine learning, semantic analysis, text mining, quantitative analytics, and other advanced analytics techniques have steadily matured over the past 15 years. They offer incredible potential for prediction, forecasting, identifying repeatable patterns, and providing insight into unstructured data. Historically, our ability to store and rapidly analyze large amounts of audio, video and image data has been severely limited. This placed constraints on sample size, as well as the time it would take to validate analytical models and put them into production. Now, using a spectrum of new technologies like NoSQL, data harvesters, MapReduce frameworks, and clusters of shared-nothing commodity servers, we have the power necessary to make truly effective use of these techniques. Combined with the massive increase in global data available from sensors, mobile devices and social media and we see this as a field with tremendous opportunity.