Analytics

Top 5 Data Analytics Methodologies

Here is a list of top 5 data analytics methodologies which can be used to solve different business problems and in a way create business value for any organization:

  • Optimization: Simply speaking, an optimization problem consists of maximizing or minimizing a real function by systematically choosing input values (also termed as decision variables) from within an allowed set and computing the value of the function. An optimization problem consists of three things: A. Objective function B. Decision variables C. Constraint functions (this is optional)
    1. Linear / Non-linear programming with constrained / unconstrained optimization
      • Linear programming with constrained optimization
        • Objective function and one or more constraint functions are linear with decision variables as continuous variables
      • Linear programming with unconstrained optimization
        • Objective function is linear function with decision variables as continuous variables
      • Non-linear programming with constrained optimization
        • Objective function is non-linear with one or more constraint functions with decision variables as continuous variables
      • Non-linear programming with unconstrained optimization
        • Objective function is non-linear but there are no constraint functions
    2. Multi-objective optimization: There can be multiple objective functions in case of multi-objective optimization
    3. Ant colony optimization
    4. Evolution strategies
  • Predictive Analytics: Predictive analytics is about predicting something using different techniques such as the following:
    1. Machine learning / Deep learning
    2. Natural language processing
    3. Time-series forecasting
  • Fuzzy modeling
  • Genetic programming
  • Agent based modeling

References

Ajitesh Kumar

I have been recently working in the area of Data analytics including Data Science and Machine Learning / Deep Learning. I am also passionate about different technologies including programming languages such as Java/JEE, Javascript, Python, R, Julia, etc, and technologies such as Blockchain, mobile computing, cloud-native technologies, application security, cloud computing platforms, big data, etc. I would love to connect with you on Linkedin. Check out my latest book titled as First Principles Thinking: Building winning products using first principles thinking.

Recent Posts

Agentic Reasoning Design Patterns in AI: Examples

In recent years, artificial intelligence (AI) has evolved to include more sophisticated and capable agents,…

2 weeks ago

LLMs for Adaptive Learning & Personalized Education

Adaptive learning helps in tailoring learning experiences to fit the unique needs of each student.…

4 weeks ago

Sparse Mixture of Experts (MoE) Models: Examples

With the increasing demand for more powerful machine learning (ML) systems that can handle diverse…

4 weeks ago

Anxiety Disorder Detection & Machine Learning Techniques

Anxiety is a common mental health condition that affects millions of people around the world.…

4 weeks ago

Confounder Features & Machine Learning Models: Examples

In machine learning, confounder features or variables can significantly affect the accuracy and validity of…

1 month ago

Credit Card Fraud Detection & Machine Learning

Last updated: 26 Sept, 2024 Credit card fraud detection is a major concern for credit…

1 month ago