Business Processes Forecasting

In some cases, standard statistical analysis may not be sufficient to determine the company's future development strategy. Here, it is necessary to make more detailed modeling and forecasting based on the approaches that are now collectively called «Data Mining». During the research, and this kind of analysis is first of all a research task, it is often possible to trace deep connections between various aspects of the enterprise's activities that were not identified by the standard statistical analysis methods.

Main types of data analysis

Decision trees

Decision trees are one of the most effective tools for data mining and predictive analytics and are a combination of logical conditions in the tree structure. Thus, decision trees allow getting models that are very easy to interpret, which are a set of «if..., then...» rules and work with variables of any nature.

Artificial neural networks

Artificial neural networks are simplified models of biological neural networks that comprise separate simple computational nodes called neurons and are connected by their inputs and outputs. Neural networks are distinguished and classified depending on the topology of connections and the type of neuron activation function. To date, this is one of the most effective methods for solving data pattern recognition problems.

Genetic algorithms

Genetic algorithms are search heuristic used to solve optimization problems by randomly selecting, combining, and varying the desired parameters using mechanisms similar to natural selection, i.e. inheritance, mutation, selection, and crossing over.

Fuzzy logic

Fuzzy logic is a branch of many-valued logic that is based on a generalization of classical logic and fuzzy set theory. Fuzzy models and sets are a tool for representing uncertainty and inaccuracy of information and can interpret unreliable data.

Ant colony optimization algorithms

Ant colony optimization algorithms are an optimization method inspired by ant colony behavior. It considers the biological prototype and indirect form of communication of the colony individuals called stigmergy, which is based on the fact that ants lay a special chemical agent along their way — a pheromone. It bases the approach on modeling this information exchange method.