Tuesday, January 25, 2005

 

Growth in market for GAs

IDC, a large IT market-research organization, predicts substantial growth in the predictive analytics software market, which includes genetic algorithms, according to an article posted on Ebiz:

IDC defines predictive analytics software to “include all analytics, both tools and packaged applications, more complex in their mathematics than core analytics.”

“Predictive analytics are used to determine the probable future outcome of an event or the likelihood of a current state where it is unknown,” the study continues. “These analytics include data mining, clustering, decision trees, market basket analysis, regression modeling, neural nets, genetic algorithms, text mining, hypothesis testing, decision analytics, and so
on.”

With IDC predicting compounded growth of 8% per year in the predictive analytics market, perhaps now is the time for some of us to become more entrepreneurial like GA/EC-based companies such as Engineous Software, Machine Insight, NuTech Solutions, and Schema.

Comments:
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What If This Could All Happen Automatically,
with a simple push of a button.....
 
Think that will drive you some extra traffic?
 
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