Includes great charts from FlowingData.com.

Many decisions, big and small are made every day across various lines of business, executive offices and departments in your organization. How are these decisions made today in your organization? What drives the decision maker(s) to say ‘yes’ or ‘no’ for any particular decision? Let’s look at some of the key business challenges that many organizations are facing today where decision making is critical.…

Merriam-Webster defines analytics as “the method of logical analysis.” In business, analytics is the process of analyzing quantitative data to glean information about performance. This process is often used in marketing departments and in risk management. Analytics is also a very important tool for the management and maintenance of websites.

The field of analytics is growing, as more companies realize the benefits of the method. This is especially true for internet-based…

Data Analytics is a process of summarizing data with the intent to extract predictive information and develop conclusions from the data and using it for making strategic decisions and operational policies. A huge demand for data analysis services in India generates ample earning opportunities to companies which are offering data analysis services.

Data analytics in India is extensively used in Banking and Financial sectors. Data mining and data analysis being carried out by BPO…

Analytics is not just pure science; it is part art as well. Organizations that master the fine art of using analytical tools realize increased revenues and enjoy cost savings.

The scientific approach involves the following four key steps:

• Observe/define the business problem: Observation is either an activity consisting of receiving knowledge, or the recording of data using scientific instruments. The term may also refer to any data collected during this…

Educating savvy and business-minded Indians on the importance of numbers and analytics in your business is like teaching the properties of sand to someone in the desert, but here is my effort anyway.

The simplest definition of analytics is "the science of analysis." However, a practical definition would be how an entity, e.g., a business, arrives at an optimal or realistic decision based on existing data. Business managers may choose to make decisions based on past experiences or…

Author: Rahul Nawab, Co- founder, IQR Analytics and Promoter, ADSA (Academy for Decision Science and Analytics).

In this article we will talk about some of the successful applications of analytics. We will start with 2 different examples which I was reading recently from a podcast of Accenture and then move to some of the other industrial examples.

1.     Harrah’s Entertainment

Gary Loveman, CEO of Harrah’s, was presenting at an…

From Data Science Central and AnalyticBridge

1. Splunk for Hadoop – Real Time Analytics…

For motivated students who can learn on their own, here's an option that I would like to offer: the possibility to become an expert data scientist in less than six months, for a cost well below $10,000, and with guaranteed job opportunities.

The program would be open to everyone without screening, but the degree and the…

See: http://bit.ly/RWBoCk…

Most analytics and data projects have started thinking of investing in big data initiatives.  With so much buzz about big data, organizations have started investing or are thinking of investing in Hadoop While it is great to stay on top of trends, it often ends up being another investment where the full benefit and potential is simply not realized. The learning curve is too steep and the time to implement too high. Current analytics resources lack the strong programming skills required to…

by Jim Falgout, Pervasive Software

The “big data” revolution has taken place. Startup companies are formed and running full speed to take advantage of this new market. The press is wound up outputting articles daily on big data and how it will change all of our lives. Even…

The Perfect Storm

Six Italian scientists and a government official have been sentenced to six years in prison over statements they made prior to a 2009 earthquake that killed 309 in the town of L'Aquila.

A year-long trial came to a close today (Oct. 22) with the verdict, which alarmed earth scientists worldwide.…

Quoting Wikipedia: - Unstructured Data (or unstructured information) refers to information that either does not have a pre-defined data model and/or does not fit well into relational tables. Unstructured information is typically text-heavy, but may…

From Data Science Central and AnalyticBridge

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