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Featured Blog Posts – December 2013 Archive (16)

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Added by Vincent Granville on December 31, 2013 at 12:00pm — No Comments

10 ways for Banks to achieve greater profit and customer satisfaction

While Banks are getting more and more pressure from customer’s increasing demand, highly competitive market and strict regulations – in the current environment, understanding customer behavior, attitudes and requirements is more vital than ever for banks’ strategic thinking, operational planning and day-to-day customer treatment, according to Ernst & Young.



What Banks can do?


  1. Product Bundling and Relationship Pricing – Banks…

Added by Mousumi Ghosh on December 24, 2013 at 12:42pm — No Comments

Drug scarcity due to inefficient supply chain

Those who read my articles know that I criticize US health care, though I have proposed solutions. Most of my criticism is because it is way too expensive and below average in terms of efficiency. My criticism…


Added by Vincent Granville on December 22, 2013 at 1:00pm — 3 Comments

The Blind Men and the Elephant in Data Science

I have been following trends in Data Science since long, more from a research perspective ~ Trying to analyze what technique fits in where and what are the new developments in new fields and the bunch of new tools that have been cluttering the market. 

However, I soon realized that every field had it's own modifications and techniques as well as jargon. I encountered Financial Analysts talking about Black-Scholes model as if it's something you learned in primary school. Having…


Added by Amogh Borkar on December 20, 2013 at 12:36am — No Comments

The Data Economy - What Changes Will Big Data Analytics Bring?

It’s prediction time again. With all of the certainty that many outlets are predicting for 2014, we decided to look a little farther ahead. Here are some predictions about the ways that real-time data analytics will change our lives.

The Data-Driven Life

Outcomes are an important motivator in the business world and beyond, but just how much are companies driven by the end goal that inspired their whole enterprise? What if the process of…


Added by Radhika Subramanian on December 19, 2013 at 12:33pm — No Comments

comparative study note of Python and Java 4 --Function and Polymorphism

Function and Polymorphism

The Hovering Question

When I started learning these two languages, as mentioned before, I always keep in mind that the difference between dynamic data type and static data type. Then the question came out: why they need to be like that? What is the advantage of being dynamic data type or being static data type? To make the question more concrete, let’s see how to define a function in both languages.

In Java, everything is very…


Added by Yuecai Zhu on December 16, 2013 at 1:30pm — No Comments

Uniquely identify a human being with two questions

Here are two multiple-choice questions that could be used to uniquely characterize each human that will ever exist on Earth. Even twins will have different answers. It is expected no two human beings to have the same answers.…


Added by Vincent Granville on December 14, 2013 at 8:30am — 19 Comments

Staying on top of marketing trends

The newest marketing trends always seem daunting at first. You don’t know

how you are going to possibly make the change or figure out how to use the

new social media platform, but once you finally have it figure out, it

increases your customers significantly. That is why you need to stay on top

of marketing trends. Otherwise, you could easily get left behind and


Just like a dinosaur

If the dinosaurs were able to better adapt…


Added by bemithwurz on December 13, 2013 at 12:20am — No Comments

Operational Data Science: excerpt from 2 great articles

The term "Data Science" has been evolving not only as a niche skill but as a niche process as well. It is interesting to study "how" the Big data analytics/Data Science/Analytics can be efficiently implemented into the enterprise. So, along with my typical study of analytics viz. Big data analytics I have been also exploring the methodologies to bring the term "Data Science" into mainstream of existing enterprise data analysis, which we conventionally know as "Datawarehouse & BI". This…


Added by Manish Bhoge on December 12, 2013 at 9:30am — 1 Comment

Social media how to measure their impact

For a company, having "a presence" in social media is worthless unless it allows it to achieve some objectives. However, beyond the control of the company, social media talk about the company, under these conditions is it reasonable to ignore this space frequented by customers, prospects, partners and competitors?

Social media influences reputation, image, and perceived…


Added by Michel Bruley on December 10, 2013 at 1:46am — No Comments

Detecting Patterns with the Naked Eye

Many time series charts seem to exhibit a pattern: an up-trend, apparent periodicity, a stochastic process that seems not to be memory-less, and so on.  Look at the following picture, representing stock price simulations. Do you think there is an up-trend? Actually, long term, there isn’t: it’s a realization of a pure random walk. At any time, the chance that it goes up or down by a given amount, is…


Added by Vincent Granville on December 9, 2013 at 11:00pm — 9 Comments

The Art of Conversation and the Science of Service

The frequent launch of a variety of products across emerging customer segments has led to the proliferation of a number of devices and equipment. With increasing customer expectations and the ease in which complaints can be lodged and enquiries sought online, there is a surge in synchronous and asynchronous conversation. Consequently, we see product manufacturers and OEMs competing to provide higher quality of customer service. The first step in addressing customer needs is to converse,…


Added by Somjit Amrit on December 5, 2013 at 11:59pm — No Comments

Predictive Analytics for Financial Services

The Federal Trade Commission’s Consumer Sentinel Network monitors the history of fraud and identity theft complaints. Their report on calendar year 2012 highlights the 2,061,495 cases of fraud, identity theft, and other infractions that were reported to the organization from every state, with Florida, Georgia and California leading with the most reports. That’s over 2 million cases of fraud and theft that were reported, but what of the ones that went undetected? While some…


Added by Radhika Subramanian on December 5, 2013 at 12:32pm — No Comments

How to estimate how well connected your colleagues are

Here we provide a simple formula easily derived from LinkedIn stats (stats that any of us can collect in a few minutes).

The purpose is to identify, among our LinkedIn connections, the ones with a large network. It's useful if you hire a sales guy (to gauge the size of its network), or if you are looking for a job and talking…


Added by Vincent Granville on December 4, 2013 at 9:00pm — 2 Comments

Prescriptive analytics: three ways to maximize customer success through Big Data

“I’ve invested in analytics and have thousands of data points streaming into our databases, yet life doesn’t seem any easier.” Unfortunately, this is a very common complaint about Big Data investments. Teams get overwhelmed with too much data, and analysis often takes longer if you throw more data at a problem. A newly emerging trend in this space is the use of “prescriptive analytics” — rather than simply collecting data, your team can rely on automated analysis tools to generate…


Added by Wojciech Gryc on December 3, 2013 at 3:13pm — No Comments

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