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Predicting World Cup Winner 2018 with Big Data

Posted on June 21, 2018May 23, 2020 by Dexlab

Predicting World Cup Winner 2018 with Big Data

Is there any way to predict who will win World Cup 2018?

Could big data be used to decipher the internal mechanisms of this beautiful game?

How to collect meaningful insights about a team before supporting one?

Data Points

Opta Sports and STATS help predict which teams will perform better. These are the two sports companies that have answers to all the above questions. Their objective is to collect data and interpret it for their clients, mainly sports teams, federations and of course media, always hungry for data insights.

How do they do it? Opta’s marketing manager Peter Deeley shares that for each football match, his company representatives collects as many as 2000 individual data points, mostly focused on ‘on-ball’ actions. Generally, a team of three analysts operates from the company’s data hub in Leeds; they record everything happening on the pitch and analyze the positions on the field where each interaction takes place. The clients receive live data; that’s the reason why Gary Lineker, former England player is able to share information like possession and shots on goal during half time.

The same procedure is followed at Stats.com; Paul Power, a data scientist from Stats.com explains how they don’t rely only on humans for data collection, but on latest computer vision technologies. Though computer vision can be used to log different sorts of data, yet it can never replace human beings altogether. “People are still best because of nuances that computers are not going to be able to understand,” adds Paul.

Who is going to win?

In this section, we’re going to hit the most important question of this season – which team is going to win this time? As far as STATS is concerned, it’s not too eager to publish its predictions this year. The reason being they believe is a very valuable piece of information and by spilling the beans they don’t want to upset their clients.

On the other hand, we do have a prediction from Opta. According to them, veteran World Cup champion Brazil holds the highest chance of taking home the trophy – giving them a 14.2% winning chance. What’s more, Opta also has a soft corner for Germany – thus giving them an 11.4% chance of bringing back the cup once again.

If it’s about prediction and accuracy, we can’t help but mention EA Sports. For the last 3 World Cups, it maintained a track record of predicting the eventual World Cup winner impeccably. Using the encompassing data about the players and team rankings in FIFA 2018, the company representatives ran a simulation of the tournament, in which France came out to be the winner, defeating Germany in the final. As it has already predicted right about Germany and Spain in 2014 and 2010 World Cups, consecutively, this new revelation is a good catch.

So, can big data predict the World Cup winner? We guess yes, somehow.

If you are interested in big data hadoop certification in Noida, we have some good news coming your way! DexLab Analytics has started a new admission drive for prospective students interested in big data and data science certification. Enroll in #BigDataIngestion and enjoy 10% off on in-demand courses, including data science, machine learning, hadoop and business analytics.

The blog has been sourced from – https://www.techradar.com/news/world-cup-2018-predictions-with-big-data-who-is-going-to-win-what-and-when

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Fintech Companies: How They Are Revolutionizing the Banking Industry?

Posted on June 20, 2018June 20, 2018 by Dexlab

Fintech Companies: How They Are Revolutionizing the Banking Industry?

The world of technology is expanding rapidly. And so is the finance. Fintech is the new buzzword; and its extensive use of cutting edge algorithms, big data solutions and AI is transforming the traditional banking sector.

Nevertheless, there exist many obstacles, which fintech companies need to deal with before creating an entirely complementary system that covers the gap between both.

Ezbob and LaaS

Innovation takes time to settle, but with little effort, banks can strike gold than ever. New transparency laws and digital standards are being introduced and if banks are quicker in embracing this new technology, they can ring off success very easily. Not every fintech is determined to cause discomfort to banks, in fact a lot of fintech startups offer incredible services to attract new customers.

One of them is ezbob, a robust platform in partnership with multiple major banking institutions that streamlines an old process with cutting edge technology. This platform develops a smooth, automatic lending process for bank’s customers by sorting data accumulated from more than 25 sources in real time. Currently, it’s leading Lending-as-a-Service (LaaS) industry, which is deemed to be the future of banking sector.

LaaS is one of the key transforming agents that have brought in a new trend in the banking sector. It reflects how everyone can benefit, including customers and partners, when efficiency is improved. Real time decisions are crucial; it helps bankers turn attention to the bigger picture, while technology takes care of other factors.

The Art of Regulations

Conversely, fintech startups should be wary of regulations. Notwithstanding the fact that technology is fast decentralizing the whole framework and disrupting institutional banking sector, fintech companies should focus on regulation and be patient with all the innovations taking place around. Banks need time to accept the potentials of fintech’s innovation but once they do, they would gain much more from adopting these technologies.

The aftermath of 2008 financial crisis have made it relatively easier for fintech startups to remain compliant and be more accountable. One of the latest regulations passed is about e-invoicing, which require organizations should send digital invoices through a common system. This measure is expected to save billions of dollars on account of businesses and governments, as well.

Some of the other reforms that have been passed recently are mainly PSD2, which has systematized mobile and internet payments, and AMLD, which is an abbreviation of Anti Money Laundering Directive. The later hurts those who don’t want to be accountable for their income, or involved in terrorism activities.

Conclusion

As closing thoughts, we all can see the financial sector has been the largest consumers of big data technology. According to Gartner, 64% of financial service companies have used big data in 2013. And the figures are still rising.

To be the unicorn among the horses, it’s high time to imbibe big data hadoop skills. This new-age skill is going to take you a long way, provided you get certified from a reputable institute. In Delhi-Gurgaon region, we’ve DexLab Analytics. It offers state-of-the-art hadoop training in Gurgaon. For more information, drop by their site now.

A Special Alert: DexLab Analytics is offering #SummerSpecial 10% off on in-demand courses of big data hadoop, data science, machine learning and business analytics. Enroll now for #BigDataIngstion: the new on-going admission drive!

The blog has been sourced from – http://dataconomy.com/2017/10/rise-fintechpreneur-matters

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Transformation On-The-Go: See How Financial and Manufacturing Sectors are Harnessing Big Data Hadoop

Posted on June 19, 2018May 23, 2020 by Dexlab

big data hadoop course

An elderly man of 50 years of age was on the treadmill, when suddenly he received an alert on his Apple Watch showing his pulse has shot up abnormally high, putting him at the risk of a possible heart attack. Immediately he got off from the treadmill and his life was saved!

Thanks to Pontem, an incredible platform that intakes input from Apple Watch and Fitbit and issues such consequential alerts wielding machine learning, cloud-based data and cognitive processing. From the point of view of a user, these alerts are life-saver, but for the developers, it implies the latest evolution of big data technology, especially Hadoop ecosystem. Once a mere data managing tool, Hadoop is maturing and making its way to the next level.

Today, Hadoop is the lifeblood of industry-specific solutions. But adopting it for your business is no mean feat. You need to have a specific approach in sync with the particular industry type.

Financial Sector & Manufacturing

After healthcare, financial and manufacturing industry is the biggest consumer of Hadoop technology. Besides, managing, storing and analyzing data, big data coupled with AI and machine learning helps understand the intricacies of credit risk more effectively.

Of late, credit risk management has been troubling financial services companies. Though the entire banking industry has matured, the constantly evolving nature of models has been a headache for traditional credit risk models. However, the expansiveness of big data and availability in multiple formats has helped companies ace in advanced credit risk models – which was next to impossible even a few years back.

With Big Data Hadoop, a large amount of customer data is available – including online browsing activity, user spending behavior and payment options, all of which helps banks and other financial institutions frame better decisions. Commendable Hadoop’s ability to manage and manipulate unstructured data is put to use for respective functions. Over the years, Hadoop has evolved to offer sound flexibility and massive scalability to manage big data. Incorporating AI and Machine Learning, the new sophisticated models based on Hadoop clusters breaks down big data into small, easy-to-comprehend chunks, while adapting to changing, innovative data patterns. In short, the management of big data has now become comparatively an easy task – using low cost hardware, self healing, self learning and internal fault tolerance attributes. No more, you feel like stuck in a cleft stick, while handling such a massive infrastructure of big data.

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For manufacturing industry, predictive analytics is the key that’s bringing in large-scale digital transformation – internet connections and sensors are providing real-time data for better operations. Sensors have the ability to detect prior anomalies in the production process, thereby preventing production of defective items and curtail subsequent waste. Often, there is a deep learning or AI connect to the analytics layers existing on the top of Hadoop data lakes that offers suave data analytics and self-learning capabilities. It’s said, around 80% of manufacturers will implement cutting edge technology in the next few years. And the numbers are just increasing.

Hadoop is not like a magic potion. It’s a robust platform on which you can harness the data power. However, to master Hadoop technology, you need to have required knowledge and expertise as per the industry standards. DexLab Analytics is a well-recognized Big Data Hadoop institute in Noida. They offer an extensive range of courses on in-demand skills, including Big Data Hadoop training in Delhi.

Check out their latest admission drive #BigDataIngestion: students can avail 10%off on in-demand courses, like big data hadoop, data science, machine learning and business analytics. Limited offer. Hurry!

This blog has been sourced from: http://dataconomy.com/2018/05/hadoop-evolved-how-industries-are-being-transformed-by-big-data/

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7-Step Framework to Ensure Big Data Quality

Posted on June 14, 2018May 23, 2020 by Dexlab

7-Step Framework to Ensure Big Data Quality

Ensuring data quality is of paramount importance in today’s data-driven business world because poor quality can render all kinds of data completely useless. Moreover, this data is unreliable and lead to faulty business strategies if analyzed. Data quality is the key to making trustworthy business decisions.

Companies lacking correct data-quality framework are likely to encounter a crisis situation. According to certain reports, big companies are incurring losses of around $9 million/year due to poor data quality. Back in 2013, US Postal Service spent around $1.5 billion in processing mails that were undelivered due to bad data quality.

While the sources of poor quality data can be many, including data entry, data processing and stale data, data in motion is the most vulnerable. The moment data enters the systems of an organization it starts to move. There’s a lot of uncertainty about how to monitor moving data, and the existing processes are fragmented and ad-hoc. Data environments are becoming more and more complex, and the volume, variety and speed of big data can be quite overwhelming.

Here, we have listed some essential steps to ensure that your data is consistently of good quality.

Discover: Systems carrying critical information need to be identified first. For this, source and target system owners must jointly work to discover existing data issues, set quality standards and fix measurement metrics. So, this step ensures that the company has established yardsticks against which data quality of various systems will be measured. However, this isn’t a onetime process, rather it a continuous process that needs to evolve with time.
Define: it is crucial to clearly define the pain points and potential risks associated with poor data quality. Often, some of these definitions might be relevant to only one particular organization, whereas many times these are associated with regulations of the industry/sector the company belongs to.
Assessment: Existing data needs to be assessed against different dimensions, such as accuracy, completeness and consistency of key attributes; timeliness of data, etc. Depending upon the data, qualitative or quantitative assessment might be performed. Existing data policies and their adherence to industry guidelines need to be reviewed.
Measurement Scale: It is important to develop a data measurement scale that can assign numerical values to different attributes. It is better to express definitions using arithmetic values, such as percentages. For example: Instead of categorizing data as good data and bad data, it can be classified as- acceptable data has >95% accuracy.
Design: Robust management processes need to be designed to address risks identified in the previous steps. The data-quality analysis rules need to apply to all the processes. This is especially important for large data sets, where entire data sets need to be analyzed instead of samples, and in such cases the designed solutions must run on Hadoop.
Deploy: Set up appropriate controls, with priority given to the most risky data systems. People executing the controls are as important as the technologies behind them.
Monitor: Once the controls are set up, data quality standards determined in ‘discovery’ phase need to be monitored closely. An automated system is the best for continuous monitoring as it saves both time and money.

Thus, achieving high-quality data requires an all-inclusive platform that continuously monitors data and flags and stops bad data before they can harm business processes. Hadoop is the popular choice for data quality management across the entire enterprise.

DexLab Analytics Presents #BigDataIngestion

If you are looking for big data Hadoop certification in Gurgaon, visit Dexlab Analytics. We are offering flat 10% discount on our big data Hadoop training courses in Gurgaon. Interested students all over India must visit our website for more details. Our professional guidance will prove highly beneficial for all those wanting to build a career in the field of big data analytics.

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How Big Data Is Influencing HR Analytics for Employees and Employers, Both

Posted on June 13, 2018May 23, 2020 by Dexlab

How Big Data Is Influencing HR Analytics for Employees and Employers, Both

HR analytics powered by big data is aiding talent management and hiring decisions. A Deloitte 2015 report says 35% of companies surveyed revealed that they were actively developing suave data analytics strategies for HR. Moreover, big data analytics isn’t leaving us anytime soon; it’s here to stay for good.

Now, with that coming, employers are of course in an inapt position: whether to use HR analytics or not? And even if they do use the data, how are they going to do that without violating any HR policies/laws or upsetting the employees?

Health Data

While most of the employers are concerned about healthcare and wellness programs for their employees, a whole lot of other employees have started employing HR analytics for evaluation of the program’s effectiveness and addressing the gaps in healthcare coverage with an aim to improve overall program performance.

Today, data is the lifeblood of IT services. Adequate pools of employee data in conjunction with company data are aiding discoveries of the best benefit package for employees where they get best but affordable care. However, in the process, the employers need to be very careful and sensitive to employee privacy at the same time. During data analysis, the process should appear as if the entire organization is involved in it, instead of focusing on a single employee or sub-groups.

Predictive Performance Analytics

For talent management, HR analytics is a saving grace. Especially, owing to its predictive performance. Because of that, more and more employers are deploying this powerful skill to determine future hiring needs and structure a strong powerhouse of talent.

Rightfully so, predictive performance analytics use internal employee data to calculate potential employee turnover, but unfortunately, in some absurd cases, the same data can also be used to influence decisions regarding firing and promotion – and that becomes a problem.

Cutting edge machine learning algorithms dictate whether an event is going to happen or not, instead of what employees are doing or saying. Though it comes with its own advantages, its better when people frame decisions based on data. Because, people are unpredictable and so are the influencing factors.

Burn away irrelevant information

Sometimes, it may happen that employers instead of focusing on the meaningful things end up scrutinizing all the wrong things. For example, HR analytics show that employees living close to the office, geographically, are less likely to leave the office premise early. But, based on this, can we pass off top talent just because they reside a little farther from the office? We can’t, right?!

Hence, the bottom line is, whenever it comes to analyzing data, analysts should always look for the bigger picture rather giving stress on minute features – such as which employee is taking more number of leaves, and so on. Stay ahead of the curve by making the most productive decisions for employees as well as business, as a whole.

In the end, the power of data matters. HR analytics help guide the best decisions, but it’s us who are going to make them. We shouldn’t forget that. Use big data analytics responsibly to prevent any kind of mistrust or legal issues from the side of employees, and deploy them in coordination with employee feedback to come at the best conclusions ever.

Those who are inclined towards big data hadoop certification, we’ve some droolworthy news for you! DexLab Analytics, a prominent data science learning platform has launched a new admission drive: #BigDataIngestion on in-demand skills: data science and big data with exclusive 10% discounts for all students. This summer, unfurl your career’s wings of success with DexLab Analytics!

Get the details here : www.dexlabanalytics.com/events/dexlab-analytics-presents-bigdataingestion

Reference:

The article has been sourced from https://www.entrepreneur.com/article/271753

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Enjoy 10% Discount, As DexLab Analytics Launches #BigDataIngestion

Posted on June 12, 2018June 12, 2018 by Dexlab

This summer, DexLab Analytics, a pioneering analytics training institute in Delhi is back in action with a whole new admission drive for prospective students: #BigDataIngestion with exclusive discount deals on offer. With an aim to promote an intensive data culture, we have launched Summer Industrial Training on Big Data Hadoop/Data Science. An exclusive 10% discount is on offer for all interested candidates. And, the main focus of the admission drive is on Hadoop, Data Science, Machine Learning and Business Analytics certification.

Data analytics is deemed to be the sexiest job of the 21^st century; it’s comes as no surprise that young aspirants are more than eager to grasp the in-demand skills. Especially for them and others, DexLab Analytics emerges as a saving grace. Our state of the art certification training is completely in sync with the vision of providing top-of-the-line quality analytics coaching through fine approaches and student-friendly curriculum.

That being said, #BigDataIngestion is one of its kinds; while Hadoop and Data Science modules are targeted towards B. Tech and B.E students, Data Science and Business Analytics modules are exclusively oriented for Eco, Statistics and Mathematics students. The comprehensive certification courses help students embark on a wishful journey across various big data domains and architectures, triggering high-end IT jobs, but to avail the high-flying discount offer, the students need to present a valid ID card, while enrolling for the courses.

We are glad to announce that already the institute has gathered a good reputation through its cutting edge, open-to-all demo sessions. The demo sessions has helped countless prospective students in understanding the quality of courses and the way they are being imparted. Now, the new offer announced by the team is like an icing on the cake – 10% discount on in-demand big data courses sounds too alluring! And the admission procedure is also as easy as pie; you can either drop by the institute in person, or else can opt for online registration.

In this context, the spokesperson of DexLab Analytics stated, “We are glad to play an active role in the process of development and condoning of data analytics skills amongst the data-friendly students’ community of the country. We go beyond traditional classroom training and provide hands-on industrial training that will enable you to approach your career with confidence”. He further added, “We’ve always been more than overwhelmed to contribute towards the betterment of skilled human resources of the nation, and #BigDataIngestion is no different. It’s a summer industrial training program to equip students with formidable data skills for a brighter future ahead.”

For more information or to register online, click here: DexLab Analytics Presents #BigDataIngestion

#BigDataIngestion: DexLab Analytics Offers Exclusive 10% Discount for Students This Summer

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