KNIME helps individuals and organizations make sense of data.
💳 Distributions can be an effective statistical approach to detecting fraud or outliers in a dataset.
In our credit card fraud detection blog series, we've already tackled several advanced techniques such as isolation forest and DBSCAN for detecting outliers in a dataset.
Now, we're wrapping up with a deep dive into the distribution method: a statistical approach to spot fraudulent transactions.
Find out how to put it into practice with KNIME. https://brnw.ch/21wP8op
In this blog, using the #GHGP framework, you will learn how to estimate a company’s carbon footprint with KNIME, collect emissions data across various scopes, and even create an interactive dashboard to visualize carbon footprint trends. 🌍📈 Read more: https://brnw.ch/21wOyTl
Large Language Models (LLMs) are powerful, but using them comes with its own set of challenges: the risk of misinformation, hallucination, leakage of sensitive info, bias, and more. Learn how you can automatically detect these vulnerabilities so you can act on them, with a 4-step solution using @Giskard and @KNIME. https://brnw.ch/21wO3Vb
🌐 The EU and US have both published guidelines on responsible AI usage. Read our latest article to see how KNIME software can help you satisfy some of the criteria outlined in the EU AI Act and the US Executive Order on AI. https://brnw.ch/21wNSI3
Check out our latest blog post in the KNIME for Finance series! Learn about the essential role of a financial analyst at ABC Furniture as we explore the concepts of Gross Profit and Gross Profit Margin (GPM), the key indicators in assessing the company's efficiency in managing production costs. 💸
We'll also delve into a KNIME data app that not only presents the annual GPM but also provides a detailed month-by-month breakdown. 📊 Read more: https://www.knime.com/blog/gross-profit-margin?utm_source=mastodon&utm_medium=organic&utm_term=&utm_content=blog&utm_campaign=financial_analytics
Did you know data professionals spend 45% of their time cleaning and transforming data for analysis? If you spend most of your time preparing data, use KNIME to automate the process. Find out how in this blog post.🚀 https://brnw.ch/21wNjmU
Read this blog to learn about #financialanalytics, what a financial analyst does, how to become one, and why financial analytics matters. Discover use cases, challenges, and how #lowcode #KNIME helps automate workflows in FP&A, audit, tax, and more. https://brnw.ch/21wN0Ae
What if we told you that in roughly 10 mins from now, you could have a completely free #LLM running locally on your computer — with zero lines of code? 💻 Read how in this article by KNIME CloudOps Engineer SJ Porter, using #GPT4All and #KNIME Analytics Platform: https://brnw.ch/21wMPYv
In our latest blog, we're happy to share a comprehensive overview of all free KNIME cheat sheets! Whether you're just starting your data science journey or a seasoned pro, we've got something for everyone, organized by learning level, data profession, and area of expertise. Check it out and boost your skills with us! 💪✨ https://bit.ly/4e3TiTd
Are you tired of spending hours digging through spreadsheets and manually tracking down data for your finance reports every month? Good news — there's a solution! 💡
Many finance teams are now using low-code analytics tools like KNIME Analytics Platform to automate repetitive tasks. With the introduction of K-AI, an AI assistant that builds visual workflows based on your directions, transitioning to these platforms has never been easier. 🤖 Read more: https://brnw.ch/21wLPTy
💡 Ready to beef up your data science knowledge? Dive into this complete glossary to learn all the most common data science terminology from the experts at KNIME. Don't forget to bookmark it! 🔖 https://brnw.ch/21wLNS6
Curious about how your finance department can start leveraging #GenAI? 🔍 💰 In this #KNIMEforFinance article, learn how to detect fraudulent contracts using dashboards and stats, and prompt an LLM to swiftly generate custom multilingual alerts — all through a #lowcode solution in KNIME: https://brnw.ch/21wLC16
Take a peek at our most recent blog for a #lowcode way of connecting with #opensource #LLMs locally via #Ollama using #KNIME's AI extension! We've got a tutorial to guide you in connecting to 80+ LLMs using KNIME: https://brnw.ch/21wLvt2
#DBSCAN is effective for detecting fraudulent transactions, because it can automatically detect clusters of normal behavior and highlight anomalies without needing detailed prior knowledge about the fraud patterns.💰🔍 Read this #KNIMEforFinance article: https://brnw.ch/21wLmmC
With advanced tech, soccer clubs can track passes, angles, and ball speed, during matches. 👀 ⚽️ Can #ml algorithms distinguish a men's game from a women's game, and, if yes, what are the differences? Read on to find out more. https://brnw.ch/21wL0Qz
#KNIME helped #Audi automate one of its most complex and important processes – supply chain management. Automating this single supply chain management workflow has resulted in a yearly saving of €30,000, eliminating manual work in Excel and Python, while also enabling immediate access to forecasts. 🚀 💥 Want to know more? Read this success story: https://brnw.ch/21wKY7t
Navigating the complexities of evolving fraud patterns can be daunting, given the enormous volume of transactions. Read our blog post that examines #quantiles as a simple and effective method for identifying potential fraudulent activities. https://brnw.ch/21wKY38
GenAI is everywhere. How can you not only keep up but also take advantage of all the future developments in #GenAI? 💡 Open source tools.
Read how #opensource can help future-proof your #datascience function through forward and backwards compatibility: https://brnw.ch/21wKX9i
Overfitting, data leakage, and incorrect use of normalization are the 3 common #ml pitfalls when splitting a dataset. Read this blog by our guest writer, Dr. Carsten Lange, a professor of Economics at Cal Poly Pomona, to learn how to avoid these and more. https://brnw.ch/21wKVfP
Did you know that you can build GenAI functionalities into your KNIME workflows to speed up basic tasks, build basic workflows, and facilitate quicker insights? Let's look at 7 common GenAI-related use cases using KNIME to enhance efficiency and cost-effectiveness. https://brnw.ch/21wKPEt