[INTERVIEW] Data mining generates big financial opportunity

[THE INVESTOR What would be your chances of survival on Titanic, which sank into the North Atlantic Ocean during her maiden voyage on April 15, 1912?Had you been an adult male traveling in third class, your chances would have been a lot slimmer than those of men in upper class, not to mention women and children.Predicting future outcomes based on past statistical figures is called predictive modelling, or predictive analytics. Sophie Eom, co-CEO of data mining solution developer Solidware. The Investor / Kim Young-won Combined with information technologies, such as machine learning and big data, the predictive modelling skills can now roll out better forecasts since it can factor in as many variables as possible in analyzing data.On the business front, such improvement in data analysis, or data mining, can…

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