Practical Predictive Analytics

Ways in which structured methodologies can help

Here are several points to bear in mind concerning the advantages of structured methodologies:

• Data is coming at us fast and furious. We need to keep track of the many data sources, evaluate which ones are the best ones to use at any given time and continually monitor them for data accuracy. Expect changes to come quicker than expected. Predictive modelers need a structured methodology to be able to keep track of things; changes can be disruptive at whatever stage of the modeling process they are in.
• The difference between useful data and data masquerading as useful data is increasing. Structured methodologies help with maintaining metadata repositories for information, which can help in determining ...