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While almost of publications of big data and big data analytics are around the technical side, there is a lack of papers and studies which focus on retail. Nowadays, information technology is in the new era of big data, which provides more volume of data to researchers and analysts. Principles and techniques for the professional data analy dean abbott, applied predictive analytics. Predictive analytics, big data, and how to make them work.
Discover how this hotel company has implemented a predictive analysis tool with no previous experience in big data thanks to public cloud and. Nowadays retailers are having access to a raw material of production. In this article, we attempt to focus on the value created by big data for retail industry. In retail we can use big data to make decision about pricing and merchandising.
The big data revolution has made it necessary for business leaders to invest in technologies that enable big data analytics. Principles and techniques for the professional data analy predictive analytics predictive analytics siegel pdf big data for business. It gives the reader details of the fundamental concepts in this emerging field. How data mining, regression analysis, machine learning ml, and the democratization of data intelligence and. Predictive analytics provides the methodology in tapping intelligence from large data sets.