Categorical Data

Streaming Graph Processing on Categorical Data Enables Real-time Risk Calculation

Streaming Graph Processing on Categorical Data Enables Real-time Risk Calculation

The failure of Silicon Valley Bank in 2023 exemplifies the severe consequences of not accurately assessing risk in a timely manner. Although nearly every financial institution prioritizes risk minimization, their methods for calculating risk often rely on detailed analysis of categorical data and relationships. Most existing algorithms, however, only handle static, numeric data. This requires transforming the data, typically through methods like one-hot encoding, into numerical formats that...

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What is Categorical Data?

What is Categorical Data?

On datanami, thatDot founder and CEO Ryan Wright helps define the nature of categorical data. This essential data type makes up about three quarters of all data an enterprise needs to analyze, yet is often not analyzed. "Why would enterprises ignore an entire class of data? Especially when it is essential to high-priority use cases like personalization, customer 360, fraud detection and prevention, network performance monitoring, and supply chain management?" To learn more read "What is...

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