“ Machine learning allows companies to act faster and identify risk more effectively ”
With bulging databases being fed ever more information from any number of sources , it ’ s critical that data is marshalled properly . Poor data management leads to poor decision making , and in a worst case scenario makes would-be valuable data worthless . Unsettling in a business environment , it could be lethal when applied to healthcare or industrial safety . Setting standards for data quality is paramount in order to produce reliable pattern information to drive business success .
There has also been progress in data mining technology , a software driven approach to surveying large blocks of data to identify patterns in order to determine what is relevant and what may look relevant ( but is actually correlated to an external modifier ). And this approach now goes beyond hard data : text mining can analyse data from the web , books , social media , emails and surveys using natural language processing .
65 technologymagazine . com