STATISTICA Blogs

“Big data” is the buzzword that is currently dominating professional conferences around data science, predictive modeling, data mining, and CRM, to name only a few of the domains that have become electrified by the prospect of incorporating qualitatively larger data sizes and more voluminous high velocity data streams into business or other organizational processes. As is usually the case when new technologies begin to transform industries, the technologies also introduce new terminology and, indeed, new ways of “thinking about” or conceptualizing reality and approaches to solve problems or improve processes. ... [ continued] ...