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All Blog Posts Tagged 'analytics' (139)

When Business Analytics Data Meets Quality Management Software

For some, simply skimming over material with words like ‘systems analysis’ or ‘business statistical data’ causes eyes to glaze over as interest and attention vaporize into thin air like a wisp of smoke. But these business buzzwords are not so nebulous in their foundations. Analytical data and use of Big…

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Added by Andrew Heikkila on January 18, 2016 at 12:08pm — No Comments

Custom Analytics Applications Are Good For Business

Analysis has been with us since the dawn of human consciousness. When early man tried to understand why an animal drops when you hit it with a rock, he made the first analysis.

 

Analysis means nothing more than breaking down an action or event into its individual parts in order to understand it better.

 

Today's world is to a great extent run by computers. With it, analysis morphed into a complex and sophisticated discipline that looks at data and data streams to…

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Added by Kevin Lee on January 12, 2016 at 6:00am — No Comments

Know Your Data: The Data Complexity Matrix

Data environments are growing exponentially. IDC reports that compound annual growth in data through 2020 will be almost 50% per year. Not only is there more data, but there are more data sources. According to Ventana Research, 70% of organizations need to integrate more than 6 disparate data sources. At the same time, the value of unlocking that data and using it to make business decisions is also increasing. For the business user, understanding this complex data and unlocking its potential…

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Added by Eran Levy on November 24, 2015 at 12:00pm — No Comments

Let's Talk About BI Data Democracy

When business intelligence vendors talk about democratizing data discovery, they can have very different interpretations about 'democracy'. If a business intends to provide self-serve BI tools to its employees for daily use and data discovery, it must provide true data democratization. The business user cannot be limited to viewing static dashboards developed by dashboard developers with only the most basic drill down and filtering capabilities. Business users must be empowered by true data…

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Added by Kartik Patel on September 10, 2015 at 11:00pm — No Comments

Find out how the Onam celebrations at Athena Infonomics turned into a lesson in analytics by our data science geeks



It was a customary Onam in office with a colourfully arranged Onam Pookalam adorning the entrance. Until Dr. Ram walked in, took one look at the pookalam and claimed he could see a schematic expansion series of squares, circles and triangles embedded in concentric circles!
                   Dr.Ram explaining the schematic expansion serious…
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Added by Athena Infonomics on August 31, 2015 at 12:00am — No Comments

Visual Analytic Monitors. Deep Dive Discovers!

There is lot of noise about Visualization of data in BI space these days. Simple charts, complex charts (few of them can not be digested by many business users :) ), tons of properties and configurations and much more....

Yes, a great work has been done in these area by most of the vendors in the BI marketplace today, and all decision makers are enthusiastic…

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Added by Kartik Patel on July 20, 2015 at 12:00am — No Comments

Is opensource enough? The Need for an Open Architecture Analytics

The job of a data analyst nowadays has become very extensive, in its need to cover a number of different and ever-changing tasks.

A data analyst must query a variety of internal and external data sources, each with a different access protocol and format; integrate these data with results from REST and web services queried over the Internet, such as Google API or any social media channel; exchange information with business analysts, who, while lacking the deep mathematical background,…

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Added by Rosaria Silipo on July 14, 2015 at 2:27am — No Comments

New book on social media analytics

I am pleased to announce my new book on social media analytics. The book offers concepts, tools, tutorials, and cases studies to understand and analyze the seven layers of social media data, including text, actions, networks, apps, hyperlinks, search engine, and location…

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Added by Dr. Gohar Khan on July 6, 2015 at 7:14pm — No Comments

6 Tips for Being an Awesome Data Scientist

In 2012, Harvard Business Review cited data scientist as the sexiest job of the 21st century. Just two months ago LinkedIn shared the “25 Hottest Skills that Got People Hired in 2014” – guess what type of workers possessed these skills? This attention has been followed with a slew of articles telling budding analysts the skills they’ll need to get to the top of the data scientist food…

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Added by Elana Roth on June 29, 2015 at 3:00am — No Comments

Accessing Big Data with KNIME

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Added by Rosaria Silipo on May 6, 2015 at 12:30am — No Comments

Cognitive analytics: introduction to foundations lecture (Erasmus RSM)

SUMMARY OF THE LECTURE (available via YouTube link below)

With a number of recent Hollywood films representing intelligent machines as either hero or villain, the subject of Artificial Intelligence (AI) has attracted the imagination of the media and popular culture. On the practical engineering side, over the past decade humanity’s age-old dream of developing intelligent machines has experienced rapid…

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Added by Scott Mongeau on April 30, 2015 at 8:30am — No Comments

Analytics: No Pain, No Gain

      

"Analytics is a journey and not a destination!! It takes considerable effort to frame that journey and execute it with a sense of purpose. You will encounter stumbling blocks that may threaten your initiative but you need to find a way out and keep marching ahead."

We did an analytics exercise for a US client recently in education domain that had all the flavors of roadblocks…

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Added by Rohit Pandey on April 30, 2015 at 12:29am — 2 Comments

Analytics have zero value -- until they inform a decision

As a decision analyst, it is delightful to see all the excitement about the ever-increasing amounts of data available. But, when I see much of what data scientists are doing to find interesting patterns (descriptive analytics is just looking in the rear view mirros) and forecasting (predictive analytics, ideally our GPS), I see little attention paid to the real business decisions that might be informed by these insights (the decision analytics, helping our clients steer a better…

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Added by Max Henrion on March 26, 2015 at 12:00pm — 2 Comments

Digital Banking – Lessons from channel integration

Digital banking offers unprecedented opportunities both for banks as well as customers. It has provided banks breadth and ease in delivering their products and services to customers. As for customers, it has pushed service options and expectations to a new high. Given the opportunity spectrum, it is no surprise that banks have invested heavily in upgrading their digital preparedness. 2015 promises more investments in digital banking.

A definition of digital banking will be of help…

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Added by Naagesh Padmanaban on February 2, 2015 at 12:00am — No Comments

Why Propensity Scores not working in Campaign Analytics??

Hi All ,

I've recently  build a predictive data model for a campaign to target  group of customer who can switch from  payment method  "A" to Payment method "B".

The idea was to come up with predictive model with payment/usage variables as independent variable and  the event of switch in past is taken as  dependent variable.

i) I used logistic regression model for probability  estimation.

ii) The  data  is sorted in order of descending probability…

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Added by Himanshu Sinha on December 5, 2014 at 4:00am — 1 Comment

Data Scientist, The Magician?

Isn't it true? Isn't this what most of the business folks and CXO's expect from their data science

teams? Yes in fact, this is what we have been told in nearly all of conferences we attend. Thumping case studies, feverish pitch makes one believe in the story and you walk out with a true sense of achieving same…
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Added by Vikas Kamra on December 1, 2014 at 4:30am — No Comments

Executable English for Self-Service BI

Here's a new tool that can help to bridge the business-IT divide -- Executable English.



It's a platform on the Web that can support people socially writing their own apps, by typing  Executable English knowledge into browsers.



For example, here's the "source code" of an app written in executable English:



    www.reengineeringllc.com/demo_agents/GrowthAndDebt1.agent



Anyone on the…

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Added by Adrian Walker on November 6, 2014 at 1:48pm — No Comments

Making a Case for Subscription Based Predictive Analytics Solutions

Predictive Analytics is slowly but steadily garnering attention from business stakeholders in India. As a means of adoption clients are experimenting with different approaches ranging from bring in consulting companies like Mckinsey, partnering with analytics software vendors like SAS or engaging with specialized Data Analytics players.…



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Added by Rohit Pandey on October 16, 2014 at 4:30am — No Comments

Color and Pattern analysis using Flags of the world

Ever wondered why certain countries have certain colors in their flags, why it has certain symbols and what are the different patterns?

We started digging through, checking a Wikipedia article on this topic.

This was a good start but we wanted to go deeper so we manually started eye balling each flag to understand the patterns and symbols.

We needed to figure out…

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Added by Nilesh Jethwa on October 13, 2014 at 8:00am — No Comments

A use case to read and analyze Excel data in Java

Generally, Java programmers use poi or other open source packages to read and compute Excel data. These open source packages support low-level programming, which increases the overall learning cost and complicates the operation. But with the help of esProc, Java can avoid these problems.…

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Added by Jessica May on October 8, 2014 at 12:26am — No Comments

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