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Two Theories and Enterprise Data Analytics

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Instructor’s Name

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Two Theories and Enterprise Data Analytics

Statistical learning theory is a technique for machine learning based on the field of

functional analysis and statistics. This hypothesis is tasked with the challenge of finding a

predictive function depending on data. The hypothesis has led to the success of distinct

applications such as biometrics, speech recognition, and computer science (Vapnik & Izmailov,

2019). The main aim of this theory is learning and understanding. In enterprise data analytics,

statistical theory helps with sample accuracy and makes it easy to understand data analytics and

use a particular type of data. Furthermore, supervised learning in statistical analytics gets

understood easily. It is also the basis for machine learning algorithms and helps explore and

gather essential conclusions from empirical data. It also helps in identifying and coming up with

effective ways of avoiding problems.

Notably, the game theory gets involved in understanding tactical situations whereby a

person's performance is directly related to another person's account. In enterprise data analytics,

game theory helps identify and analyze competitive situations strategically (Tavana & Patnaik,

2018). One of the core techniques applied in business today is big data analytics. It is useful in

decision-making. The application of game theory in decision-making is definitely a wise move

for enterprises to anticipate the likely outcomes for societies, individuals, and businesses. The

game theory may no be necessary for enterprise data analytics, but it has a close entanglement

with algorithm design. Additional knowledge of game theory will help enterprise data analytics

anticipate how distinct people make effective data-driven decisions depending on different

strategic circumstances. In enterprise analytics, we can apply game theory depending on the type

of decision-making data we are dealing with. Therefore, this makes it easy to understand
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enterprise data analytics. It also helps us understand how enterprise analytics make an optical

decision by applying machine learning and game theory.

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References

Tavana, M., & Patnaik, S. (2018). Recent developments in data science and business analytics:

Proceedings of the International Conference on data science and business analytics

(ICDSBA- 2017). Springer.

Vapnik, V., & Izmailov, R. (2019). Rethinking statistical learning theory: learning using

statistical invariants. Machine Learning, 108(3), 381-

423.https://link.springer.com/article/10.1007/s10994-018-5742-0