Data Mining and Predictive Analytics

Nice insight maneesh..and nice insight from shashikant also...thanks for sharing.

Very good discussion point... often neglected by the majority...
Some clarification needed here.

1. data mining and predictive analytics fall into the same category - No. Two different things. Crudely, data mining is equivalent to data exploration.
2. data mining (after all, you are "drilling" down into the data!)..... this is perfect. True. Question - how does one drill down or find or explore? Plenty of different approaches. As suitable to an analyst. End-result would be expected to get to the same outcome or close to one. 
3. Automatically building predictive models - and putting across predictions..... can work only in cases of repeatitive processes. Else, not recommended. It will invariably end up in "garbage-in-garbage-out" situations... no matter which tools are used.

Thanks for reading.
Shashikant

For Predictive analytics, the best algorithms are those embedded into the IDASM. The systems undergoes over 85000 calculations per time-series and uses triangular and sinusoidal functions. The algorithm is considered to be 20% more accurate than most conventional technologies available from the major vendors. The system can provide the analysis on pack, product, manufacturer, division, city, area, zone, Ringitt, Rupee, Dollar, Units all in one go. The system therefore allows multiple hierarchies of data to be included for predictive analysis. Check out www.idasm.net or write to parag@idasm.net, arijay@idasm.net or admin@idasm.net

That's a nice piece. I am looking at predictive analytics to increase the value of data for my client.

nice.