Out of the many advancements and tools, the evolution of technology has empowered the world with; cloud computing would easily fare somewhere at the top of the list. Why is that, you ask; well, folks, for starters, embracing cloud computing leads to an immediate reduction in costs for the company. And, since one doesn’t have to worry about setting up…Continue
The past year has presented the medical industry with new challenges that humanity has hardly faced before. The situation in the world has accelerated the rapid pace of software development for medical devices and made people realize the irreplaceable role of high technology in…Continue
Added by Shahmeer Khan on March 18, 2021 at 12:30am — No Comments
Recent studies show that, ‘healthcare’, very niche and the personalized sector is now expanding its arm to embrace 'AI strategies' on priority this journey will be a roller coaster due to unawareness of where and how AI should be used,and also how to implement it on larger & wider scales. This article will talk about various areas of…Continue
Recent studies show that, ‘healthcare’, very niche and personalized sector is now expanding its arm to embrace 'AI strategies' on priority this journey will be a roller coaster due to unawareness of where and how AI should be used ,and also how to implement it on larger & wider scales. This article will talk about various areas of AI…Continue
Added by Trupti Jadhav on March 10, 2021 at 12:00am — No Comments
“Healthcare Industry has started to embrace the robotic technology which is paving the way for improved services. Let us learn more about it through this blog!”
The progression of various technologies has been changing the functioning of different sectors all over the world. This advancement…Continue
Added by Ankit Singh on February 17, 2021 at 2:00am — No Comments
by Peter Bruce, President & Founder, Statistics.com
Nearly everyone is now familiar with the IHME Covid-19 forecasts (also called the “Murray” model after the lead project investigator at the Institute for…Continue
Added by Paul Derstine on May 4, 2020 at 5:30am — No Comments
The Telegraph covered a robotic revolution in the healthcare sector and predicted an increase in robotic systems in hospitals in the coming decade. Insights from…Continue
Added by Sudhanshu Ahuja on December 18, 2018 at 5:50pm — No Comments
Added by Vijay Kumar on August 1, 2017 at 12:30am — No Comments
Multicollinearity (Collinearity) is not a new term especially when dealing with multiple regression models. This phenomenon of relationship in between one response variable with the set of predictor variables also include models like classification and regression trees as well as neural networks. Collinearity is infamously famous for inflating the variance of at least one estimated regression coefficient, which can cause the model to predict erroneously and in a business setup it can have an…Continue
Added by Sunil Kappal on March 6, 2017 at 10:00am — No Comments
Linear Model better known as linear regression is one of the most common and flexible analysis framework to identify relationship between two or more variables. The widely used linear model is represented by drawing the best fit line through a series of data points represented on a scatter plot.
For any budding business analyst this should be the starting point to understand how model works at the very core of its design.
Selecting the Variables in Deducer…Continue
Added by Sunil Kappal on February 28, 2017 at 7:00am — No Comments
As per the largest market research firm MarketsandMarkets the speech analytics industry will grow to USD 1.60 billion by 2020 at a Compound Annual Growth Rate (CAGR) of 22% from 2015 to 2020. Today the omnichannel world consists of voice, email, chat, social channels, and surveys, and each channel has its own importance.
Therefore, it becomes inevitable for any customer centric organization to ignore the information that can be glean…Continue
As the world is getting more tech savvy and advancements made in the information technology especially in the healthcare industry has opened areas in data mining and machine learning. Within the area of data mining one technique which has gained a lot of popularity as well as skepticism among the auditors and fraud detectives is Benford’s Law or “The Law of First digit.
In the past some researchers in Canada used the Benford’s Law distribution to detect anomalies within the claims…Continue
Best Subset Regression method can be used to create a best-fitting regression model. This technique of model building helps to identify which predictor (independent) variables should be included in a multiple regression model(MLR).
This method comprises of scrutinizing all of the models created from all possible permutation combination of predictor variables. This technique uses the R Squared value to check for the best model. Considering the level of complexity involved in creating…Continue
A business intelligence platform is used by healthcare organizations to build helpful healthcare applications that assist them in ensuring the provision of quality healthcare to patients. BI platforms help control healthcare costs and provide several benefits to healthcare organizations such as analysis capability, providing information on delivery, and integration.
Healthcare BI platforms offer a very useful function called financial analytics. The availability of the financial…Continue
Added by Ankit Jain on April 6, 2016 at 10:30am — No Comments
Watch out folks - there is a new breed of health analytics firms sprouting like weeds - mining "big data" about you and making broad and bold predictions about your state of health to make workplace decisions.
Added by Michael Walker on February 18, 2016 at 12:34am — No Comments
Added by Damian Mingle on October 28, 2015 at 7:01am — No Comments
Business goals are no doubt important, but in an analytic project it makes sense to balance the organization's goals with…Continue
Added by Damian Mingle on October 13, 2015 at 5:59pm — No Comments
Added by Damian Mingle on October 6, 2015 at 3:27am — No Comments