Introducing Neo4j for Graph Data Science, the First Enterprise Graph Framework for Data Scientists
SAN MATEO, Calif., April 8, 2020 /PRNewswire/ -- Neo4j?, the leader in graph technology, announced the availability of Neo4j for Graph Data Science, the first data science environment built to harness the predictive power of relationships for enterprise deployments.
The unpredictability of the current economic climate underscores the need for organizations to get more value out of existing datasets, continually improve predictive accuracy and meet rapidly changing business requirements. Neo4j for Graph Data Science helps data scientists leverage highly predictive, yet largely underutilized relationships and network structures to answer unwieldy problems. Examples include user disambiguation across multiple platforms and contact points, identifying early interventions for complicated patient journeys and predicting fraud through sequences of seemingly innocuous behavior.
Neo4j for Graph Data Science combines a native graph analytics workspace and graph database with scalable graph algorithms and graph visualization for a reliable, easy-to-use experience. This framework enables data scientists to confidently operationalize better analytics and machine learning models that infer behavior based on connected data and network structures.
Alicia Frame, Lead Product Manager and Data Scientist at Neo4j, explained why Neo4j for Graph Data Science is the most expeditious way to generate better predictions.
"A common misconception in data science is that more data increases accuracy and reduces false positives," explained Frame. "In reality, many data science models overlook the most predictive elements within data – the connections and structures that lie within. Neo4j for Graph Data Science was conceived for this purpose – to improve the predictive accuracy of machine learning, or answer previously unanswerable analytics questions, using the relationships inherent within existing data."
Take fraud analysis, such as detecting identity fraud and fraud rings, as an example that spans areas from financial services and insurance to the government sector and tax evasion. Even the smallest predictive improvement translates into millions of dollars of savings. Neo4j for Graph Data Science makes it easier to make those incremental improvements without altering existing machine learning pipelines. Below are some simple steps illustrating how Neo4j for Graph Data Science fits into a fraud prediction workflow:
Neo4j for Graph Data Science enables data scientists to answer questions that are only addressable through understanding relationships and data structures. Graph algorithms are a subset of data science tools that capitalize on network structure to infer meaning and make predictions such as:
Ben Squire, Senior Data Scientist at Meredith Corporation, a leading media and marketing services company with publications reaching 190 million unduplicated American consumers every month, including nearly 95 percent of U.S. women, across broadcast television, print, digital, mobile, voice and video, shared his experience with Neo4j for Graph Data Science.
"Providing relevant content to online users, even those who don't authenticate, is essential to our business," said Squire. "We use the graph algorithms in Neo4j to transform billions of page views into millions of pseudonymous identifiers with rich browsing profiles. Instead of 'advertising in the dark', we now better understand our customers which translates into significant revenue gains and better-served consumers."
Dr. Alexander Jarasch, the Head of Data and Knowledge Management at the German Center for Diabetes Research (DZD) and collaborator on COVIDgraph.org, explained how Neo4j for Graph Data Science offers an intuitive data science experience with logical parameters and Neo4j Bloom for comprehensive graph exploration.
"Nothing is more pressing today than understanding COVID-19," said Jarasch. "Graphs give us the ability to bring together the salient information around this confounding disease and provide a synthesized view across heterogeneous data. Today's understanding of this coronavirus is severely hampered by minimal peer-reviewed research and the absence of long-term clinical trials. Neo4j for Graph Data Science will help us to identify where we need to direct biomedical research, resources, and efforts."
Neo4j for Graph Data Science is a graph analytics workspace and native graph database for high computational performance with a compact footprint. Optimized graph algorithms scale to tens of billions of nodes and can be combined into reproducible workflows. Native graph creation and persistence enable flexible shaping of in-memory graphs. Finally, graph data visualization in Neo4j Bloom helps teams explore results visually to quickly prototype and more effective collaboration.
Key features include:
More information about Neo4j for Graph Data Science is available here. Read more about Neo4j for Graph Data Science in this blog post. Register for a full day of Graph Data Science talks and demos on April 28 at the first Neo4j Connections online event.
Neo4j is the leading graph database technology that drives innovation and competitive advantage at Airbus, Comcast, eBay, NASA, UBS, Walmart and more. Thousands of community deployments and more than 400 customers harness connected data with Neo4j to reveal how people, processes, locations and systems are interrelated. Using this relationships-first approach, applications built using Neo4j tackle connected data challenges including artificial intelligence, fraud detection, real-time recommendations and master data. Find out more at neo4j.com.
© 2020 Neo4j, Inc., Neo Technology®, Neo4j®, Cypher®, Neo4j® Bloom™ and Neo4j® Aura™ are registered trademarks or a trademark of Neo4j, Inc. All other marks are owned by their respective companies.
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