Principal Component Analysis (PCA) is a statistical dimensionality reduction technique used to identify underlying patterns and structures in multivariate data sets. PCA transforms a set of correlated variables into a set of uncorrelated variables called principal components, which account for most of the variability in the original data.
The objective of PCA is to reduce the dimensionality of the data by projecting them into a lower dimensional space while retaining as much information as possible. Principal components are calculated from a covariance or correlation matrix of the original variables and ordered according to their relative contribution to the total variability of the data set. The principal components are then used to reconstruct the original data, allowing for a reduced representation of the original data set.
PCA is commonly used in machine learning applications to simplify and compress data, facilitating analysis and visualisation. It is also used in data exploration to discover underlying patterns and structures in large multivariate datasets.
In this article we are going to focus on how artificial intelligence (AI) can increase efficiency and reduce costs for your company by [...]
Read More »The use of Artificial Intelligence in business is becoming more and more common and necessary for the optimization and evolution of processes. In one of our [...]
Read More »In the dynamic financial world, optimizing the return on available assets is essential to the success of any lender. Gam [...]
Read More »5 Big Data challenges can be highlighted which are defined as V (volume, velocity, veracity, variety and value). R. Narasimhan discussed 3V with [...]
Read More »