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Predictive Analytics For Dummies
book

Predictive Analytics For Dummies

by Anasse Bari, Mohamed Chaouchi, Tommy Jung
March 2014
Beginner to intermediate
360 pages
8h 58m
English
For Dummies
Content preview from Predictive Analytics For Dummies

Chapter 16

Targeting Big Data

In This Chapter

arrow Identifying technological trends in predictive analytics

arrow Applying open-source tools to big data

arrow Building a rapid prototype

At a broad level, big data is the mass of data generated on the Internet at every moment. It includes — for openers — data emerging in real time from

  • Online social networks such as Facebook
  • Micro-blogs such as Twitter
  • Online customer-transaction data
  • Climate data gathered from sensors
  • GPS locations for every device equipped with GPS
  • User queries on search engines such as Google

And that list barely scratches the surface; think of big data as a growing worldwide layer of data. What to do with it all? Answer: Start by using predictive analytics as a means to extract valuable information from the mass of big data, find patterns in the data, and predict future outcomes.

Here’s a familiar example: You might have noticed ads appearing on websites while you’re browsing that “just happen” to mention products that you already intended to buy. No magic at work here; the sites that show such ads are utilizing predictive analytics to data-mine (dig up insights from) big data: Your buying patterns leave a trail of valuable ...

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Publisher Resources

ISBN: 9781118729410Purchase book