Raise your hand if your company is making more than 15!
1. Day-dreaming that analytics is a plug & play magic wand that will bring very short term ROI. Well…
When we look at broadly different kinds of Machine Learning that are used in practice in Artificial Intelligence
Historically, there have been several approaches in Machine learning for AI like supervised learning, unsupervised learning, reinforcement learning, case-based reasoning, inductive logic programming, experience based generalisation etc. there have been several examples of waves of machine learning for different AI problems. But, of them the 3 most important categories of…Continue
Added by Mahesh Kumar CV on May 5, 2019 at 1:00am — No Comments
The Merriam-Webster dictionary defines the word 'augment' this way: 'to make greater, more numerous, larger or more intense'. If you are wondering how this applies to the term 'augmented analytics', you are not alone. Let's take a closer look at Augmented Analytics and talk about why it has gotten so much attention in the business intelligence world.
What is Augmented…Continue
Added by Kartik Patel on April 24, 2019 at 3:00am — No Comments
Business markets and competition are moving much more quickly these days and predicting, planning and forecasting is more important than ever. It is also important to ensure that every team member is a real asset to the organization and can contribute their knowledge and skill with full Insight into the effects and outcome of activities and processes and the ability to correct the course and make recommendations using clear, concise information. Advanced analytics is the…Continue
Added by Kartik Patel on April 2, 2019 at 1:52am — No Comments
Price errors and their impact:
Price errors are one of the ways in which revenue leakage occurs in e-commerce business. Although retailers put various checks and balances in place, pricing errors are still common. Data entry mistakes, misplaced decimal points, reversal of digits, and other clerical errors made in hurry are the major contributors. It can also occur because errors in feeding promotional offer dates. Promotions might unintendedly start early or end late. Such revenue…
Added by Avinash Udaykumar on March 26, 2019 at 7:57pm — No Comments
What is Automated Machine Learning? Quite simply, it is the means by which your business can optimize resources, encourage collaboration and rapidly and dependably distribute data across the enterprise and use that data to predict, plan and achieve revenue goals.
With the right tools, today’s average business user can become a Citizen Data Scientist, using data integrated from various sources to learn, test theories and make decisions. AutoML comes into play as…Continue
As the need for advanced analytics increases in organizations, enterprises large and small struggle to find and sustain the professional resources they need to meet their requirements for data, analysis and strategic direction.
In some businesses, Data Scientists, professional analysts and IT staff are often buried under requests for analysis and data and, as a result, these teams are unable to focus on strategic issues and on crucial questions that require 100%…Continue
Added by Kartik Patel on March 12, 2019 at 2:00am — No Comments
If Data Science was once the sole domain of analysts and data scientists, Augmented Data Science represents the democratized view of this domain. With Augmented Data Science, the average business user can engage with advanced analytics tools that allow for automated machine learning (AutoML) and leverage sophisticated analytical techniques and algorithms in a guided environment that uses auto-recommendations and suggestions to lead users through the complex world of data…Continue
Added by Kartik Patel on March 11, 2019 at 12:52am — No Comments
Which company would not like to get significantly improved insights into the market with detailed data and thus optimize its products and services? In most cases, the corresponding data is already available, but its use is often restricted for data protection reasons.
This article first appeared on the Aircloak Blog - feel free to pay us a visit!…Continue
Added by Nicolas Sartor on February 21, 2019 at 1:00am — No Comments
This article is about Intuitive explanation of Degrees of Freedom and How Degrees of Freedom affects Sudoku.
A lot of aspiring Data Scientists take courses on statistics and get befuddled with the concept of Degrees of Freedom. Some memorize it by rote as ‘n-1'.
But there is a intuitive reason why it is ‘n-1’.…Continue
Added by Pedro URIA RECIO on December 27, 2018 at 7:00am — No Comments
What does the customer want? And why do they want it?
These are the age old questions that marketers have tried answering to improve their business impact. Customer knowledge is, without doubt, the foundation of marketing success.…Continue
Added by Sudhanshu Ahuja on December 18, 2018 at 5:38pm — No Comments
Electronic spreadsheets have been around for nearly 40 years now. They were invented by Bob Frankston and Dan Bricklin, founders of VisiCalc, and I had a chance to chat with both gentlemen a couple of months ago. I highly recommend watching this TED talk with Dan Bricklin:
It's important to understand for…Continue
Added by Rafael Knuth on December 13, 2018 at 2:30am — No Comments
My writing engagement at Data Science Central came up unexpectedly. Back in August 2018, I stumbled upon an excellent write-up on Data Science Central. The author, Bill Vorhies, shared his thoughts on career transitioning toward data science. I wrote him an email, complimenting him on his blog post, and I dropped a few lines about my own transition. Here's his response:
"Congratulations on your remarkable journey. Perhaps you’d like to write one or more articles…Continue
There are transformative technologies in the world today with consistent effect and reliability in their promise to alter or change the ecosystem. Industries have transformed, and early adopters with it, while others race to understand how best to adapt or integrate said emerging technologies into their organizations in an effective and seamless…Continue
Added by Jay Nair on November 26, 2018 at 10:38pm — No Comments
Imagine that one day, you see people are queuing up in front of Bank A; so you ask the staff at the counter, you are told that they are offering anyone (regardless of their credit history) a loan of $100,000 at a fixed annual rate at 2%. You then look around, the Bank B next door offers 1-year term deposit with a fixed annual rate at 3% for the same amount ($100,000). After 5 minutes' waiting, you sign for the loan from Bank…Continue
Over the last years, my small business has undergone a digital transformation from a marketing service company to a data literacy consultancy. What does a data literacy consultancy do? We teach business users within large enterprises to work with data, and we help them acquire the necessary skills from state of the art Excel to Python, querying structured, semi-structured and unstructured databases, as well as math, statistics, and probability.
The short answer is: "No."
I started teaching myself programming in my 40s, and I am a strong advocate that everyone should learn to code. Even if you have no intent to become a developer or a full-stack data scientist, coding teaches you a couple valuable…Continue
Added by Pedro URIA RECIO on October 27, 2018 at 8:01pm — No Comments
With the nascent stage of the data revolution past us, organisations are entering a new level of proficiency in handling data expertly. Gone are the days when organisations…Continue
Added by Ronald van Loon on October 26, 2018 at 3:35am — No Comments
An important principle of data science is that data mining is a process. It includes the application of information technology, such as the automated discovery and evaluation of patterns from data. It also includes an analyst’s creativity, business knowledge, and common sense. Understanding the whole process helps to structure data mining projects.
Since the data mining process breaks up the overall task…Continue
Added by Mehmet Gökce on October 24, 2018 at 8:58am — No Comments