Advanced Data Analysis Techniques

The statistical analysis of numerical information is proven to be a powerful tool, providing everyday insight into matters like corporate finance, production processes and quality control. However, the advent of the Internet of Things, the consequential growth in Big Data, and the ever-increasing requirements to model and predict, mean that many of the analytical opportunities and needs of a modern, high performing company cannot be met using conventional statistical methods alone. More and more companies are wrestling with complex modelling and simulation problems, addressing matters like trying to optimize production systems, to maximize performance efficiency, to minimize operating costs, to combat risk, to detect fraud and to predict future Behaviour and outcomes.