A.I. based automated Anomaly detection system is gaining popularity nowadays due to the increase in data generated from various devices and the increase in ever evolving sophisticated threats from hackers etc. Anomaly detection systems can be applied across various business scenarios like monitoring financial transactions of a fintech company, highlighting fraudulent activities in a network, e-commerce price glitches among millions of products, and so on. Anomaly detection system can work…Continue
Added by Avinash Udaykumar on May 27, 2019 at 2:30am — No Comments
Cost driver: One of the key drivers of cost for ecommerce businesses is the last mile delivery charges. Consumers have the option to switch between e-retailers depending on their willingness to pay delivery charges, which is generally significantly low. This notion puts the power into the hands of the customer. Delivery charges, when added just before payment, makes the customer rethink and is one of the reasons for…Continue
Added by Avinash Udaykumar on April 9, 2019 at 3:00am — No Comments
The need for info within the twenty first century continues to intensify—and shows no sign of subsiding. Today’s decision manufacturers would like to be of an incredible volume and style of info, leading more companies to deploy analytics that not solely facilitate them sense and respond to key business problems, but additionally facilitate them build predictions and act based mostly on period of…Continue
Added by Priyanka Jain on May 9, 2016 at 12:30am — No Comments
Please watch my new video on Aster on Hadoop and get a simple demonstration of how easy it is to perform advanced analytics with Hadoop data!
Added by John Thuma on November 4, 2015 at 9:49am — No Comments
The "big data" technology vendor market is ripe for consolidation. The myriad of vendors and technologies is causing market confusion. Matt Turck created a nice visualization entitled "…Continue
The ‘Bell curve’ or the ‘Gaussian bell curve’ is one of the fundamental concepts on which most of the statistical analysis is based. From social sciences to astronomy to financial services- most of the application of statistics in the real world relies on the assumption that the data being analysed is distributed in the shape of the bell…Continue
Added by Gaurav Vohra on January 15, 2013 at 12:29am — No Comments
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
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