Data Science: A Necessity for Modern Business

Businesses and organizations in every sector are using data science solutions for their most important use cases. With data science, companies learn, improve, and re-imagine many aspects of their business, increasing revenues, customer satisfaction, and reducing costs and risks.

Add High-ROI Data Science Algorithms With IMSL

IMSL includes machine learning algorithms for prediction and pattern recognition suitable for addressing many data science use cases such as credit scoring, target marketing, price/demand modeling, and more. These algorithms include support vector machines, decision trees, stochastic gradient boosting, neural networks, and many other regression, classification, and clustering methods.

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AI and Machine Learning Algorithms and Functions Included With IMSL

IMSL libraries have many proven and advanced AI algorithms that can help teams add artificial intelligence functionality to their applications. IMSL libraries include a wide range of machine learning algorithms and functions that can be applied for unsupervised, supervised, and reinforcement learning – as well as feature learning and anomaly detection.

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Genetic Algorithms

Genetic algorithms are increasingly popular for solving optimization, search, and machine learning problems.

IMSL implements both the simple genetic algorithm as well as more advanced variations that allow for flexibility for user-provided initial populations, stopping criteria, and phenotype encoding and decoding.      
 

Cluster Analysis

Cluster analysis can be a useful technique in machine learning and artificial intelligence and can be applied across a variety of fields.

IMSL includes functions suitable for multivariate analysis, including hierarchical cluster analysis, k-means cluster analysis, principal component analysis, and factor analysis.

Linear and Logistic Regression

Regression functions are a mainstay in machine learning, and can be used for forecasting, prediction, and in determining the relationships between variables.

IMSL libraries feature functions suited to linear regression, including those used for model fitting, statistical inference and diagnostics, as well as polynomial and non-linear regression.

Decision Trees

Practitioners gain valuable insight from trained decision trees that display the decision-making process. Ensemble methods, such as Random Forest and Stochastic Gradient Boosting fit many small trees to reduce noise and maximize predictive accuracy.

IMSL decision tree functions include popular tree fitting algorithms, functions for computing predicted values, printing decision trees, managing decision tree memory, and performing stochastic gradient boosting.

Support Vector Machines

Support vector machines are widely used to detect and classify animals, landscape features, and objects in digital image data. As such they have been useful in many fields, including protein folding research, bioinformatics, and environmental science.

IMSL includes functions for training support vector machines, classifying unknown patterns, and freeing allocated memory when it’s no longer needed.

Neural Networks

Neural networks are used to solve a wide variety of problems in data science, includingforecasting, classification, and statistical pattern recognition – all of which are applicable for machine learning and AI applications.

IMSL features many neural network functions that make it easy to create and manage a variety of neural network types, including multilayer feedforward neural networks.

Naïve Bayes

A Naïve Bayes classifier can be trained to classify patterns involving thousands of attributes and applied to thousands of patterns. As a result, Naïve Bayes is a preferred algorithm for text mining and other large classification problems. IMSL includes functions for training Naïve Bayes classifiers, classifying patterns using previously trained Naïve Bayes classifiers, as well as storing and retrieving trained classifiers.

Why Use IMSL Libraries?

Developing and testing algorithms in-house can be time-consuming, unreliable, and expensive. In fact, a single algorithm can take up eight weeks of direct development time.

When you consider the time spent in maintaining, porting, testing, and developing documentation for those algorithms, that time spent can balloon to 24 weeks of work.

With proven, tested algorithms and functions from IMSL, your team can call, embed and test in five days, saving your team a significant amount of development time and money.

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