Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    data analytics
    How Data Analytics Can Help You Construct A Financial Weather Map
    4 Min Read
    financial analytics
    Financial Analytics Shows The Hidden Cost Of Not Switching Systems
    4 Min Read
    warehouse accidents
    Data Analytics and the Future of Warehouse Safety
    10 Min Read
    stock investing and data analytics
    How Data Analytics Supports Smarter Stock Trading Strategies
    4 Min Read
    predictive analytics risk management
    How Predictive Analytics Is Redefining Risk Management Across Industries
    7 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: The Role of Standards in Predictive Analytics: A Series
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Software > Hadoop > The Role of Standards in Predictive Analytics: A Series
AnalyticsHadoopPredictive AnalyticsR Programming Language

The Role of Standards in Predictive Analytics: A Series

JamesTaylor
JamesTaylor
3 Min Read
SHARE

I am working on a paper, for publication in early 2014, on the role of standards such as R, Hadoop and PMML in the mainstreaming of predictive analytics.  As I do so I will be publishing a few blog posts. I thought I would start with a quick introduction to the topic now and then finish the series in the new year.

I am working on a paper, for publication in early 2014, on the role of standards such as R, Hadoop and PMML in the mainstreaming of predictive analytics.  As I do so I will be publishing a few blog posts. I thought I would start with a quick introduction to the topic now and then finish the series in the new year.

Just a few years ago it was common to develop a predictive analytic model using a single proprietary tool against a sample of structured data. This would then be applied in batch, storing scores for future use in a database or data warehouse. This model has been disrupted in recent years:

  • There is a move to real-time scoring, calculating the value of predictive analytic models when they are needed.
  • At the same time the variety of model execution platforms has expanded with in-database analytics as well as MapReduce-based execution becoming increasingly common.
  • The open source analytic modeling language R has become extremely popular with up to 70% of analytic professionals using it at least occasionally (see the Rexer survey).
  • Big Data is starting to have an impact, especially on advanced teams (as we saw in our Predictive Analytics in the Cloud work)

This increasingly complex and multi-vendor environment has increased the value of both published standards and open source standards. The paper is going to explore the growing role of standards in predictive analytics. It will discuss the role of R in expanding the analytic ecosystem, the way Hadoop helps organizations handle Big Data for in the context of predictive analytics, and the way PMML supports the move to real-time scoring. Plus of course we have the longer term impact of standards like the Decision Model and Notation standard.

More Read

Personal Data Mining: Solving a Mystery
Food Data : The next target of Massive Analytics
Guide to Incorporating Analytics in the MVP Development Process
IT MPG: Measuring the Value of IT Is Simple Math
3 Reasons Hadoop is Heading to the Cloud

I’ll write a blog post about each of these areas in the new year. I’d like to thank the Data Mining Group, Revolution Analytics and Zementis for their support of this research.

Copyright © 2013 http://jtonedm.com James Taylor
TAGGED:pmml
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

Edge Computing in IoT
Unique Capabilities of Edge Computing in IoT
Exclusive Internet of Things
Turning Geographic Data Into Competitive Advantage
The Rise of Location Intelligence: Turning Geographic Data Into Competitive Advantage
Big Data Exclusive
AI Recruitment Software Solution
The Best AI Recruitment Software Solution: Transforming Hiring with Smarter Tech
Artificial Intelligence Exclusive
real estate data
How Big Data Is Changes How We Buy and Sell Real Estate
Big Data Exclusive

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

The Netflix Prize, Occam’s Razor and PMML

4 Min Read

Predictive Analytics in your iPhone

3 Min Read

How to Score 300,000,000 Customer Records for $3

5 Min Read

Learning About Cloud Analytics

6 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

data-driven web design
5 Great Tips for Using Data Analytics for Website UX
Big Data
AI and chatbots
Chatbots and SEO: How Can Chatbots Improve Your SEO Ranking?
Artificial Intelligence Chatbots Exclusive

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?