Watson Analytics Tool
The Watson Analytics tool is capable to work with Big Data. The tool is a service offered within a cloud environment. This means that you do not have to download software on your computer. If you would like to use it you need to register first. You choose between different editions depending on how much data is analyzed. We recommend to try out the free limited version first. By using the Web browser it offers fast predictive analytics methods and data visualization.
One application area is Banking. The tool is used to perform fast data analytics. This enables the understanding of customer behavior. You are able to identify customer preferences and customer loyalty. Another application area is Insurance . The tool can be used to analyze weather data and use insights for better targeted insurance policies. In Retail the tool enables the identification of product preferences. This enables to offer customers products they want in a way they want them. Watson analytics is also used in Telecommunications. It helps attracting new customers and keeping existing ones. In the Chemicals and Petroleum industry data mining is used to assess equipment for improved production.
The official page is available here.
Video about Watson Analytics
We recommend to look at the following video about watson analytics:
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