Analyze and report
Analyze is one of the most important steps in the overall process of decision making. Before this phase, relevant historical data must be integrated, gathered, cleansed, aggregated, transformed, and formatted to a form that can be used by the analytics solution.
Models are developed and selected with appropriate algorithms and statistical techniques for mining the historical data. The historical data is used to “train” the models. The incoming data can also be “consumed” if an immediate action is required. If it is to be analyzed ...
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