Developed at MIT’s Sloan School of Management in 1950s system dynamics is a methodological approach to model the behavior of complex systems, where change in one component leads to change in others (like the dominos effect with feedback loops added). This approach is widely applied in industries such as healthcare, disease research, public transportation, business management and revenue forecasting. The most famous application of system dynamics probably is in…

The Building automation and control system market was estimated as USD 30.8 Billion in 2014 and is expected to grow at a CAGR of 9.04% over the forecast period. The automation and control system is referred as the structured interlink network control system. The control system is used to control and monitor the MEP system such as security, power monitoring, CCTV, elevators…

This paper enlightens the way companies can design Intelligent System to understand their customers’ sentiments better to improve their experience, which will help the businesses change their market position.

Sentiment analysis is widely acknowledged in the web and social media monitoring. It allows businesses to gain a comprehensive public opinion on the organization and its services. The ability to deduce insights from the text and emoticons from social media is a…

Many of us are bombarded with various recommendations in our day to day life, be it on e-commerce sites or social media sites. Some of the recommendations look relevant but some create range of emotions in people, varying from confusion to anger.

There are basically two types of recommender systems, Content based and Collaborative filtering. Both have their pros and cons depending upon the…

Google recently open sourced TensorFlow providing access to a powerful machine learning system. TensorFlow is a machine learning library with tools for data scientists to design intelligent systems (interface for expressing machine learning algorithms and…

The modern consumers have changed. With the advent of internet, and easy access of it, finding what they are looking for has become easier. Customers nowadays perform a lot of research before they purchase a product. They now expect to receive personalized service customized to fit their preferences, which also keeps continuously changing.  Converting a customer successfully requires a business know a lot about their buying behavior,…