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statistics

The common (dictionary) use of the term.

Welcome!

man with pdaIs your 21st-century business still operating like it was in the 20th-century? Are you buried by data and information which should be helping you to make decisions? Do you feel you may not have the right approach to analyzing your information?

AGS Analytics has experts to help you get the most out of the data and information that surrounds your business, your sales, your costs, and your competition. We offer rapid customized solutions – giving you the answers to your business’s specific questions just when those answers can do the most good.

We are ready to add our own energy to the development of your solution while working with your current developers and processes – we are experienced with agile, spiral, and traditional development approaches. We tailor our teams to your specific project – you get the expertise you need just where you need it.

AGS Analytics innovates to bring revolutionary solutions to help our clients.

 

What is Data Mining and How Can It Benefit My Company?

data mining iconData mining reveals hidden gems among seemingly incomprehensible amounts of data. What makes data mining special is that it can be used to predict future behavior rather than focus on past events. Last April stores in Dallas may have sold out of your umbrellas, but can you expect the same spate of sales this year? Did stores display the umbrellas near the galoshes? Did they drop the price, distribute coupons or promote a special on rain gear? Did the increase in sales of backpacks (or any other item) contribute to the umbrella blowout? Data mining professionals analyze the relationships among relevant patterns in data—sometimes seemingly unrelated data—to predict future trends.

Data Mining

Today's successful businesses rely on extracting patterns from data to drive strategy and growth. Data is gathered from nearly every business function including sales activities, purchasing records, web traffic, and other functional analytics routinely collected in a systematic fashion. Over time, these data points comprise a complete data set with a size that can exceed hundreds of terabytes. Turning these data points into relevant, actionable strategies is the function of data mining.

data mining enablersEnabling Data Mining

The power of data mining (also known as knowledge discovery in data, KDD) lies in the ability to produce patterns that highlight specific behaviors and extrapolate statistical predictions of future actions. Algorithms that consider core relationships in data sets help produce a clear and far more accurate picture of the whole data set, while providing a framework for future performance goals.  An example of this might be city planning provisions to support increased population growth driven by census data models. Financial institutions use predictive modeling to determine viability for proposed start-up businesses requesting capital loans, while researchers around the globe rely on data mining to aid their studies and progression towards medical and scientific breakthroughs.

What's So Difficult About Data Mining?

Given a spreadsheet, anyone with a B.S. in statistics can pick out an apparent pattern in data. But the truth is that, by themselves, obvious patterns in data may be irrelevant to a company’s goals. It takes an experienced analyst to determine if that pattern is actually useful to predicting future trends that can help your company meet its bottom line.

With a combined experience of more than four decades, at AGS Analytics we have developed systems and approaches for mining data and finding trends that organizations have used to further their research or to save or earn themselves money:

  • We have worked with federal government scientists to convert and combine large text databases and to extract semantic information from patterns in the data in order to test and prove psychological theories of human language processing.
  • We helped the Air Force identify skills among its workforce that could be improved through training. Then we developed the methodology and software to find the appropriate training programs at the lowest cost.
  • Working with investment managers, we identified investment strategies that worked best in specific market and economic circumstances. Our results showed which methods to use during specific market conditions—and which to avoid.

Mining Text for Meaning

jumble of wordsSources report that more than 80% of the world’s data is in text form. Many companies, in order to grow, need to find meaning in this textual information, and research into text analysis has been ongoing for several decades.

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