Process mining

Tags : bpm technology, bpm application, service oriented architecture, bpm evolution, bpm platform, business process management, business process, bpm,

Industry : IT Products
Functional Area : Business Processes

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Process mining techniques allow for extracting information from event logs. Discuss wide variety of process mining techniques here & participate in extending the global knowledge base about Process Mining.

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Data Mining and Predictive Analytics

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I find that data mining and predictive analytics fall into the same category--they are the same basic technology but described from different perspectives. Predictive analytics is a term I see more in the CRM and database worlds. Perhaps some of this is due to the encroachment of BI into the data mining world, where queries and OLAP are sometimes called data mining (after all, you are drilling down into the data!). This would necessitate creating further distinctions in terminology. However, I don't see data mining losing hold on the style of predictive modeling that is largely empirical and data driven. Although we have heard many times that predictive analytics will optimize our marketing...

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	Shashikant Brahmankar \| Commented \| 3 years ago
	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...

	Arijay Chaudhry \| Commented \| 3 years ago
	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...

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