All Blog Posts Tagged 'dsc_analytics' (352)

Analytics Maturity: from Descriptive to Autonomous Analytics

In Chapter 8 of my new book “The Economics of Data, Analytics, and Digitalization Transformation”, I discuss the 8 Laws of Digital Transformation.  My goal for chapter 8 was to push folks out of their comfort zones, especially with respect to how they are defining Digital Transformation success. Why?…


Added by Bill Schmarzo on July 26, 2021 at 9:00am — No Comments

Variance vs Standard Deviation

variance and standard deviation in statistics
 Image Source: Statistical Aid

Variance is one of the best measures of dispersion which measure the difference of all observation from the center value of the observations.…


Added by Muhammad Touhidul Islam on July 19, 2021 at 10:00pm — 1 Comment

Cluster sampling: A probability sampling technique

cluster sampling

Image source: Statistical Aid

Cluster sampling is defined as a sampling method where multiple clusters of people are created…


Added by Muhammad Touhidul Islam on July 13, 2021 at 8:18am — No Comments

Detect natural disasters with the help of predictive analytics tools

Predictive analytics tools are a key asset in detecting natural disasters. With higher accuracy than other weather detection sensors, they can detect early signs of an oncoming calamity to prevent mistakes like the one that happened in 2016.…


Added by Ari Vivekanandarajah on July 12, 2021 at 5:30am — No Comments

What is data analysis and why is it important?

Data analysis is the process of evaluating data using analytical and statistical tools to discover useful information and help you make business decisions. There are several methods for analyzing data, including data mining, text analysis, business intelligence, and data visualization.Not only does the most complex application data needs analysis but even a…


Added by Angelina Smith on July 12, 2021 at 3:00am — No Comments

A Few Useful Techniques for Business Forecasting

Forecasting is the process of making prediction of the future based on past and present data.

In many cases…


Added by Muhammad Touhidul Islam on July 9, 2021 at 3:00am — 1 Comment

ARIMA Model (Time Series Forecasting) in a Nutshell


Does your business struggle to understand the data in a better way or to predict future trends? Then you’re not the only one in the business; many fail here. ARIMA can help you forecast and understand the new patterns from the past data using time series analysis. One of the top reasons why the…


Added by akash on July 8, 2021 at 1:00am — No Comments

The Important Components of Augmented Analytics

When it comes to the new world of analytics, the augmented analytics approach allows business users with no data science background to readily access and use analytics in an intuitive way. There are some important aspects of this approach, including auto machine learning, natural language processing (NLP) and intuitive search…


Added by Kartik Patel on July 7, 2021 at 12:00am — No Comments

A must have tool to analyse latest AI research papers fast

Here is a great too for your AI research

I feel like a kid in a candy shop! 

If you are like me, and want to stay on top of AI, you spend a lot of time working through research papers

However, there is no tool which can show you great new research in AI in near real time

So, it was great to find this free and open source…


Added by ajit jaokar on July 4, 2021 at 3:00am — 2 Comments

Is Facebook’s “Prophet” the Time-Series Messiah, or Just a Very Naughty Boy?

A debate rages on page one of Hacker News about the merits of the world's most downloaded time-series library. Facebook’s …


Added by Peter Cotton on July 2, 2021 at 9:30am — No Comments

The Lost Art of Decile Analysis

                                                                  Image Source: Author

“Logistic Regression is not Regression but a Classification Algorithm”.…


Added by Ridhima Kumar on June 19, 2021 at 11:30pm — No Comments

Applying Regression-based Machine Learning to Web Scraping

Whenever we begin dealing with machine learning, we often turn to the simpler classification models. In fact, people outside of this sphere have mostly seen those models at work. After all, image recognition has become the poster child of machine learning.…


Added by Aleksandras Sulzenko on June 17, 2021 at 9:30pm — No Comments

Why was Power BI considered the best BI tool?

Power BI was chosen by Gartner as the best BI tool in the world. This has been happening for the twelfth consecutive year, which reinforces the platform's power.

When it comes to Business Intelligence and…


Added by Cleverson Alexandrini Falciano on June 17, 2021 at 1:00pm — No Comments

De-constructing Use Cases for Big Data Solutions

Big data analytics are used in the quite classy analytic techniques on tremendously big varied data groups that include organized, and unorganized data from many separate bases, and all over the various sizes from terabytes to exabytes.

Data pertaining to a massive…


Added by Divyesh Aegis on June 14, 2021 at 3:30am — No Comments

Outbreak Analytics at the Forefront of Data Science

  • Epidemics remain a major public health issue. 
  • Data science steps in when traditional modeling methods fail.
  • Outbreak analytics can handle the complex data involved in pandemic assessment.

The last two decades saw more new infectious diseases of global concern than in any similar period of history [1]. Ebola, Influenza A…


Added by Stephanie Glen on June 11, 2021 at 8:08am — 1 Comment

An overview of Quadrat Sampling

                                                     Image source:…

Added by Muhammad Touhidul Islam on June 5, 2021 at 6:00am — No Comments

Approximation or Classification – which one to choose?

Among the many decisions you’ll have to make when building a predictive model is whether your business problem is either a classification or an approximation task. It’s an important decision because it determines which group of methods you choose to create a model: classification (decision trees, Naive Bayes) or approximation (regression tree,…


Added by Algolytics on June 2, 2021 at 1:00am — No Comments

Solving Unified Data Management & Analytics Challenges for Business and IT

Organizations in every industry are leveraging data and analytics to overcome roadblocks on the path to innovation and progress, plan for the future, and position their organization to competitive advantage. 

The entire enterprise must become more connected…


Added by Ronald van Loon on May 28, 2021 at 8:00am — No Comments

Time to leverage data trust: Best Techs in Australia

Business intelligence has the potential to help small businesses, crisis management experts, or also business administrators evaluate and appreciate investment opportunities simply and straightforwardly. Furthermore, research is used in the placement of goods in the industry. In reality, knowledge management's value cannot be comparable to that of any…


Added by Divyesh Aegis on May 28, 2021 at 3:00am — No Comments

2021 Analysis of Leading Data Management and Analytics Market Solutions

There’s a lot of conversation in the industry about how data is key to unlocking powerful decision-making capabilities. Data can ignite a wildfire of change, creativity, innovation, speed, and agility across an organization.

But decision makers have to be…


Added by Ronald van Loon on May 27, 2021 at 6:02am — No Comments

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