In the present digital tick, data collection is a critical activity businesses engage in to drive informed decision-making and enhance operational efficiency. It helps them plan mint strategies, shape future business goals, and increase turnover. Today, any business can acquire data about the current state of the market, competitors, and customer needs and feedback. However, […]
Read MoreEvery move you make, even the thoughts that pass your mind, is data. In the business world, this data becomes your backbone and paves way towards the success you seek. In this wavering market where trends fluctuate constantly, data-related technologies help you push yourself towards the forefront of tough competitors. It is essential to get […]
Read MoreImagine this: you are driving through a dense forest at night, and your headlight malfunctions. How would you proceed? With zero vision ahead, it is impossible for you to drive ahead without encountering inevitable dangers. Similarly, when you start data-analytic projects with zero forecasts to guide your way, this is precisely what occurs. Achieving maximum […]
Read MoreWhat is streaming analytics? In its simplest form, streaming analytics
Read MoreAccording to CIO.com, you need quite a few ingredients to build a successful data analytics team. This starts with the need to put together a diverse task force of different business unit stakeholders
Read MoreCurrently, we live in a world dominated by multitude of devices including “Internet of Things” (IoT) which is contributing to a massive accumulation of data by organizations. When utilized properly, this data has the potential to influence every aspect of our life – from suggesting a restaurant for dinner to mapping a safe flight path for a […]
Read MoreIf you have a vision of how your data analytics should function, should drive business and should be valued, but you haven’t mastered the art of communicating your vision to the rest of the organization, then chances are that no one sees the value.
Read MoreThe job of the data scientist is to acquire data, clean it, analyze it, make sense of it, and most crucially of all, communicate its meaning to an audience of (usually) non-data scientists. Effective communication is critical in data science. Data scientists are highly-trained, highly-skilled individuals – and they need to be. The language of […]
Read MoreData science empowers software engineers and IT developers to extract meaningful insights from the processes and information they encounter during application development. But it also involves communicating the results of data analysis to other stakeholders in a software project – many of whom won’t have the technical level of understanding or expertise of an IT […]
Read More“Hey! You there – Data Scientist. Tell us something about our data.” In the digital economy, data is the new gold– indeed, there’s a new gold rush – for businesses. However, like gold, data isn’t valuable in its raw state. To obtain value from gold, the raw material first needs to be processed – minted […]
Read MoreAn outlier in data is called an anomaly. It can be a simple spike in data, a collection of multiple spikes, or even an absence of a spike from a pattern. Anomalies are symptoms of expensive business problems ranging from faulty machineries to high level frauds. In this post we will discuss the definition, approach, […]
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