Predicting election results in the 50 states is actually much more easy than most people think. West Coast and East Coast are democrat, Midwest, Texas etc. are mostly republican (the Midwest becoming more republican because the population is aging due to brain drain by young, smart people - mostly democrats). So indeed the task is not about correctly predicting results for the 50 states, but simply predicting…Continue
Added by Vincent Granville on November 8, 2012 at 11:00am — No Comments
There is little time, about 3 or 4 years, if you wanted to process a large amount of textual data or web logs, you need to mobilize large servers and implement consistent SQL programs, long to be developed long and long to give results. Fortunately requests were few and generally volumes were measured at most in terabytes. Now e-commerce and social media have been largely developed, and many companies see their customer relationships, and therefore their survival, entirely dependent on the…Continue
Added by Michel Bruley on November 8, 2012 at 3:58am — No Comments
Hadoop (MapReduce where code is turned into map and reduce jobs, and Hadoop runs the jobs) is the most well known technology used for "Big Data" because it allows…Continue
Added by Michael Walker on November 7, 2012 at 3:57pm — No Comments
Initiating the LPG (Liberalization, Privatization, and Globalization) policies, the consumer behaviour is also changed drastically with their preferences and choices of the products available in the market. Consumers are demanding Global Products at Local Markets. Consumer Point of View (40-60% of the total consumer’s of the economy or total population), with available time if he found more products available (all different products at one place), he will ready to pay higher prices. Retail…Continue
Added by Vijay Kumar on November 4, 2012 at 12:41am — No Comments
Added by Vijay Kumar on November 2, 2012 at 8:41pm — No Comments
Big Data is a term used to categorize an excessive amount of aggregated data. But, how do Data Miners manage all of this data? Hadoop is one of the popular tools that data analysts are using to store and mine immense volumes of data.
Here are 5 Things a Data Analyst should know about Hadoop:
1. Hadoop utilizes parallel processing to store and process…Continue
Added by Ben Gold on November 2, 2012 at 9:21am — No Comments
Added by Vincent Granville on November 2, 2012 at 7:30am — No Comments
Added by Zach Piester on November 1, 2012 at 3:02pm — No Comments
Includes great charts from FlowingData.com.
Added by Vincent Granville on October 31, 2012 at 9:53am — No Comments
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.…Continue
Added by Srini Pagidyala on October 31, 2012 at 8:00am — No Comments
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…Continue
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…
Added by AcademyForDecisionScience&Analyt on October 29, 2012 at 8:13pm — No Comments
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:
Added by AcademyForDecisionScience&Analyt on October 29, 2012 at 7:50pm — No Comments
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…Continue
Added by AcademyForDecisionScience&Analyt on October 29, 2012 at 7:30pm — No Comments
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…Continue
Added by AcademyForDecisionScience&Analyt on October 28, 2012 at 11:15pm — No Comments
Added by Vincent Granville on October 25, 2012 at 7:10pm — No Comments
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…Continue
Added by Vincent Granville on October 25, 2012 at 9:26am — No Comments