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June 2014 Blog Posts (14)

Building Analytics into the Insurance Value Chain

In times when Insurance industry is facing stiff competition and harsh regulatory regime, it becomes imperative for Insurers to develop capabilities for pro-active interventions. Such a capability can be developed through embedding Analytics in   day to day decision making which when combined with business judgement can deliver powerful results. Infusing analytics into the DNA of the company can help Insurers identify opportunities that are not easily…
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Added by Rohit Pandey on June 27, 2014 at 3:00am — 2 Comments

Fan Map Faux Pax @ Indian Premier League #IPL

We’ve just wrapped up another eventful season of the annual phenomenon that is the Indian Premier League. Records were broken, trophies and caps won, and careers and fortunes made in a span of 6 high-octane weeks.  Fans, being the lifeblood of any successful sporting event, were given extra-special attention this time around. The millions of tweets that social-media savvy fans across India tweeted during the tournament formed a veritable growing corpus of social content that was used through…

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Added by Farid Jalal on June 27, 2014 at 12:42am — No Comments

Smarter Data Create Healthier Populations

During Big Data Week 2014 I had the pleasure of talking to Michael Dulin of Carolina’s HealthCare System about their work using data to improve healthcare outcomes. 

Q: I am sure that your healthcare system’s advanced analytics group, Dickson Advanced Analytics, did not happen overnight. What were the drivers for Carolinas HealthCare System to focus on predictive…

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Added by Dr. Roy Marsten on June 24, 2014 at 12:44pm — No Comments

Visualization contest: Expenditure shares across the various counties in Utah

Introduction

Each county within a state in the US maintains strict accounting standards with regards to cash inflows and outflows namely revenue and expenses. There are various funds institutionalized to serve this purpose for various categories such as education, energy, environment, health and human services, housing and community development etc. The governmental fund concept means that:

  • The fund is an independent fiscal…
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Added by mohans on June 20, 2014 at 3:00am — No Comments

Can a data scientist start a new venture selling Big Data?

Not long ago, a business plan that I proposed using Big Data is rejected by a judge who thought that the critical issue of the plan is that it needs a reliable source of data. Well said. Given that Data is the critical aspect, what are the business models available around big data, here are my very short synthesis of things:

Data as Process by-product for Continuous…

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Added by Jeffrey Ng on June 18, 2014 at 9:30am — No Comments

Importance of BIg Terminologies in Business World

Words Like Data Lake or Big data are taking on the world these days. Let’s try to understand what they actually means

Data Lake - A data lake is a storage repository that holds a vast amount of raw data in its native format. A data lake uses a flat architecture to store data. Each data element in a lake is assigned a unique identifier and tagged with a set of extended metadata tags. When a business question arises, the…

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Added by Vishal Sharma on June 16, 2014 at 6:00am — No Comments

How Predictive Modeling Affects the World Around Us

What do law enforcement, sports, healthcare, retail and agriculture all have in common? Thanks to big data and advanced analytics, these are just a few industries where predictive modeling is poised to change the playing field.

Big data keeps getting bigger. And continual advances in computing, warehousing and associated technologies make it ever more useful. We know more about the behaviors of people and the outcome of events than ever before. Cloud computing, SaaS and smart…

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Added by Sergii Shelpuk on June 12, 2014 at 9:11am — 1 Comment

Hadoop in the Big Data Stack

What is Hadoop? It’s another wacky name for an open-source software project, but Hadoop was also a significant advancement in the way that companies, governments, and organizations can collect, store, and process data. Companies like Cloudera, Hortonworks, and others have emerged to deliver professional level, Hadoop-based data solutions for the enterprise, while many organizations have built successful Hadoop implementations on their own.

Where the traditional model for data storage…

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Added by Radhika Subramanian on June 11, 2014 at 8:30am — No Comments

Video Analytics

Video Analytics, also referred to as Video Content Analysis (VCA), is a generic term used to describe computerized processing and analysis of video streams. Computer analysis of video is currently implemented in a variety of fields and industries; however the term “Video Analytics” is typically associated with analysis of video streams captured by surveillance systems. Video Analytics applications can perform a variety of tasks ranging from real-time analysis of video for immediate detection…

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Added by Vishal Sharma on June 11, 2014 at 8:11am — 2 Comments

Cloud Computing

Cloud Computing = Infrastructure as a Service (IaaS) + Platform as a Service (PaaS) + Software as a Service (SaaS)

Cloud computing, also known as Cloud Technology, Cloud Applications or Cloud-based services. Cloud Computing is the practice of using a network of remote servers hosted on the internet to store, manage and process data, rather than a local server or a personal computer. Examples of cloud-based services include customer self-scheduling,…

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Added by Vishal Sharma on June 11, 2014 at 8:01am — No Comments

Build basic recommendation engine using R

In our day to day life, we come across a large number of Recommendation engines like Facebook Recommendation Engine for Friends’ suggestions, and suggestions of similar Like Pages, Youtube recommendation engine suggesting videos similar to our previous searches/preferences. In today’s blog post I will explain how to build a basic recommender System.…

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Added by suresh kumar Gorakala on June 5, 2014 at 10:55pm — No Comments

Stock Market: Google.Searching For Bulls In 2014

This year has been a very disappointing year for share holders of Google Inc. (NASDAQ:GOOG) to say the least. Can you believe, as the markets are making new all time highs seemingly everyday, the behemoth search engine and ad company that is Google Inc. (NASDAQ:GOOG), is negative year to date. Its a bit hard to believe, as this was one of the market darlings of 2013 returning just over 58%.

 

So what has happened to this company that was so loved by wall street and silicon…

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Added by Nicholas Santiago on June 5, 2014 at 8:30am — No Comments

Learning to Predict Death with Big Data

Emcien founder and Chief Scientist Dr. Roy Marsten contributed this piece to Wired. Read the original Big Data article here.

Death. Many of the discussions around data revolve around death. These discussions are typically pretty mundane. Why do phone calls die? Why do banks go out of…

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Added by Radhika Subramanian on June 3, 2014 at 2:26pm — No Comments

BIG DATA storage and old DBMS technique comparison

Why BIG data is consider such a big thing. It was always there however technocrats or technology people oversee or dare I say failed to see it. Now in last few years we evolve our understanding on “How data can be used by different analytical techniques like Predictive analysis to leverage it in different business fields like Marketing, Sales, Product design etc.” However this is not what has to be discussed in this blog what is intended is to discuss BIG data storage…

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Added by Vishal Sharma on June 2, 2014 at 10:53am — No Comments

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