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All Blog Posts Tagged 'Analytics' (315)

Degrees of Freedom and Sudoku

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’.…

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Added by Venkat Raman on January 30, 2019 at 1:51am — 3 Comments

30 Things I learned Organizing South East Asia's Largest Datathon

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Added by Pedro URIA RECIO on December 27, 2018 at 7:00am — No Comments

How Data Science Drives Impact Across Business

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.…

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Added by Sudhanshu Ahuja on December 18, 2018 at 5:38pm — No Comments

Your Company Needs A Spreadsheet Policy More Than Ever

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…

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Added by Rafael Knuth on December 13, 2018 at 2:30am — No Comments

Why I Am Writing At Data Science Central, And Why You Should, Too

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…

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Added by Rafael Knuth on December 6, 2018 at 3:35am — 3 Comments

Data Analytics. AI. ML. What’s the Difference?

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…

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Added by Jay Nair on November 26, 2018 at 10:38pm — No Comments

An Application of Data Science and Mathematics in Finance

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…

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Added by Zhongmin Luo on November 21, 2018 at 2:30pm — 2 Comments

Mental Framework For A Data Driven Digital Transformation

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.

Throughout our…

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Added by Rafael Knuth on November 19, 2018 at 7:00am — 1 Comment

Is It Too Late For Me To Learn Coding?

The short answer is: "No."

Source: LEGO

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 lessons:

  • It disciplines you to…
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Added by Rafael Knuth on November 6, 2018 at 2:00am — 2 Comments

Top 25 Mistakes Corporates Make in their Advanced Analytics Program

Raise your hand if your company is making more than 15!

Strategy:

1. Day-dreaming that analytics is a plug & play magic wand that will bring very short term ROI. Well executed basic excel models might have brought quick wins in the…

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Added by Pedro URIA RECIO on October 27, 2018 at 8:01pm — No Comments

Why Organisations Nowadays Want an Analytics Platform

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…

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Added by Ronald van Loon on October 26, 2018 at 3:35am — No Comments

Business Problems and Data Science Solutions Part 1

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…

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Added by Mehmet Gökce on October 24, 2018 at 8:58am — No Comments

K-means: A step towards Marketing Mix Modeling

                                                                                                  Source: www.mstecker.com/…

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Added by Ridhima Kumar on October 23, 2018 at 11:00am — No Comments

Should Python Become Your Official Corporate Language, Along With English?

English is becoming the official language in the global business world, being currently spoken by approximately 1.75 billion people worldwide according to Harvard Business Review. While English is the fastest spreading language in human history, a significant proportion of businesses are still resistant to giving up…

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Added by Rafael Knuth on October 22, 2018 at 5:49am — 2 Comments

Business Analysis (BA) Career Path

More organizations are adopting data-driven and technology-focused approaches to business and hence the need for analytics expertise continues to grow. As a result, career opportunities in analytics are around every corner. Due to this identifying analytics talent has become a priority for companies in nearly every industry, from healthcare, finance, and telecommunications to retail, energy, and sports.

In this blog, we will be talking about different career paths and option in the…

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Added by Divya Singh on October 17, 2018 at 6:30am — No Comments

Why Excel Users Should Learn Python

Latest update: November 16, 2018

Microsoft Excel has been around for over 30 years now, and chances are it's not going to change in the foreseeable future. In fact, Excel is facing immense competition from challengers such as Google Spreadsheets and well-funded start-ups like Airtable, which are both going after Excel's massive user base of approximately 500 million worldwide. Tech-savvy small and mid-sized businesses embrace innovative alternatives to Excel. However,…

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Added by Rafael Knuth on October 9, 2018 at 7:30am — 2 Comments

Data Science vs AI: Get to the Fundamentals

Introduction: Deriving meaningful information out of heap of data is the minimal requirement for any establishment today for its survival & sustenance. There are many terminologies and buzz words related to this area that blurs the meaning leaving people confused, such as Bigdata, Data Ware house (DWH), BI analytics, AI (Artificial…

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Added by Niraj Kumar on September 22, 2018 at 5:57am — No Comments

Agile Framework for Analytics: a Decalogue

Agile vriksasana pose in front of a Waterfall Goodfon.com



You are standing on a moss covered rock a short distance from a high waterfall that pours into a deep pond before flowing further downstream. The creek is surrounded by tall trees that provide a high canopy and shade. The air is cool and a gentle breeze…

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Added by Pedro URIA RECIO on September 14, 2018 at 2:48am — No Comments

Why Data Governance should be on the CEO’s Plate

Traffic policewoman in Pyongyang

 

World-famous Pyongyang policewomen, who are reportedly picked by North Korea’s Supreme Leader himself, have garnered a cult following and even have a website devoted to them, quite a rarity in the North Asia country. The job is seemingly held in high esteem, with only the best being hired.

Traffic in…

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Added by Pedro URIA RECIO on September 14, 2018 at 2:37am — No Comments

Career Transition Towards Data Science: Planning a Learning Sabbatical

At the time of writing this post, I am nine months into my learning sabbatical. You can read about my journey here: “Career Transition Towards Data Analytics & Science”. Today I will share with you how you can plan your own, unique learning sabbatical, regardless of its scope and duration –…

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Added by Rafael Knuth on September 12, 2018 at 7:00am — 2 Comments

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