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Savvy Entrepreneurs Use Data Mining To Look Forward

December 2, 2014 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

Traditional business intelligence (and data mining) software does a very good job of showing you where you’ve been. By contrast, predictive analytics uses data patterns to make forward-looking predictions that guide you to where you should go next. This is a whole new world for startups seeking enterprise application opportunities, as well social media trend challenges.

According to Eric Siegel in his recent book "Predictive Analytics," http://www.amazon.com/Predictive-Analytics-Power-Predict-Click/dp/1118356853 it’s the power to predict who will click, buy, lie, or die. He calls his book a primer, but his real-life examples illustrate well how predictive analytics unleashes the power of data, and how "big data" embodies an extraordinary wealth of experience from which to learn.

Martin Zwilling

Full Story: http://blog.startupprofessionals.com/2014/12/savvy-entrepreneurs-use-data-mining-to.html

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