Robotics
For decades, roboticists have been trying to develop robots that closely resemble humans, both in terms of their appearance and capabilities. Recent technological advances have opened exciting new possibilities for the creation ...
Energy & Green Tech
A real-time, 3D temperature map of the inside of a nuclear microreactor for improved safety monitoring was reconstructed using a newly-established theoretical foundation to evaluate basis functions, which can be combined ...
Jun 28, 2024
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84
Computer Sciences
Though soccer players have assigned roles, it's routine for players to swap positions during the course of a game, or even of a single play. Other players and most fans recognize when this occurs and now, thanks to new work ...
Aug 21, 2017
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29
Computer Sciences
With a growing number of devices connected to the internet and countless people sharing their live experiences online, a huge amount of useful data is being generated every minute. The analysis of this data could improve ...
Computer Sciences
Researchers at ETH Zurich and the Frankfurt School have developed an artificial neural network that can solve challenging control problems. The self-learning system can be used for the optimization of supply chains and production ...
Jan 18, 2022
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350
Engineering
Often referred to as the "dream batteries," all-solid-state batteries are the next generation of batteries that many battery manufacturers are competing to bring to market. Unlike lithium-ion batteries, which use a liquid ...
Dec 4, 2023
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108
Hardware
A machine-learning algorithm demonstrated the capability to process data that exceeds a computer's available memory by identifying a massive data set's key features and dividing them into manageable batches that don't choke ...
Sep 11, 2023
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173
Hardware
Just over a month after announcing its latest generation Ampere A100 GPU, Nvidia said this week that the powerhouse processor system is now available on Google Cloud.
Software
Researchers from Brown University and MIT have developed a new data science framework that allows users to process data with the programming language Python—without paying the 'performance tax' normally associated with ...
Jul 1, 2021
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9
Software
In the very real need for speed around excellent contact tracing in the COVID-19 environment, the voice of the people is getting lost, according to Associate Professor Anna Brown.
Jun 5, 2020
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6
Analytics is the application of computer technology, operational research, and statistics to solve problems in business and industry. Analytics is carried out within an information system: while, in the past, statistics and mathematics could be studied without computers and software, analytics has evolved from the application of computers to the analysis of data and this takes place within an information system or software environment. Mathematics underpins the algorithms used in analytics - the science of analytics is concerned with extracting useful properties of data using computable functions (see Church-Turing thesis), and typically will involve extracting properties from large data bases (see data mining). Analytics therefore bridges the disciplines of computer science, statistics, and mathematics.
A simple definition of analytics is "the science of analysis". A practical definition, however, would be that analytics is the process of obtaining an optimal or realistic decision based on existing data. Business managers may choose to make decisions based on past experiences or rules of thumb, or there might be other qualitative aspects to decision making; but unless there are data involved in the process, it would not be considered analytics.
Common applications of analytics include the study of business data using statistical analysis in order to discover and understand historical patterns with an eye to predicting and improving business performance in the future. Also, some people use the term to denote the use of mathematics in business. Others hold that the field of analytics includes the use of operations research, statistics and probability. However, it would be erroneous to limit the field of analytics to only statistics and mathematics.
Analytics closely resembles statistical analysis and data mining, but tends to be based on modeling involving extensive computation. Some fields within the area of analytics are enterprise decision management, marketing analytics, predictive science, strategy science, credit risk analysis and fraud analytics.
This text uses material from Wikipedia, licensed under CC BY-SA
