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Televisory Launches Data Analytics & Operational Benchmarking Platform

Televisory Launches Data Analytics & Operational Benchmarking Platform
 

Televisory, a start-up based out of India and Singapore, has launched its data analytics and operational benchmarking platform. The platform can measure real-time operational and financial performance of companies. While the firm has chosen to launch its platform from the US, its services are available globally.

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Data Journalism: What is it and how it works

The internet has killed some newspapers’ lunch, but it also presented them something truly remarkable – Data Journalism.

 
Data Journalism: What is it and how it works

Introducing Data Journalism

Data journalism is an amalgamation of a nosy reporter’s news sniffing capabilities and a statistician’s fondness for data analysis. By scrounging through vast amounts of data sets that are available through extensive connectivity, data journalists are using this data to etch out interesting stories.

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Business Intelligence: Now Every Person Can Use Data to Make Better Decisions

The fascinating world of Business Intelligence is expanding. The role of data scientists is evolving. The mysticism associated with data analytics is breaking off, making a way for non-technical background people to understand and dig deeper into the nuances and metrics of data science.
 
Business Intelligence: Now Every Person Can Use Data to Make Better Decisions
 

“Data democratization is about creating an environment where every person who can use data to make better decisions, has access to the data they need when they need it,” says Amir Orad, CEO of BI software company Sisense. Data is not to be limited only in the hands of data scientists, employees throughout the organization should have easy access to data, as and when required.

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Data Says This Game of Throne Character Carries the Maximum Weight

HBO’s fiery fantasy saga Game of Thrones Season 7 premiered last Sunday – by now the ardent stalwarts of this epic series have figured out the characters that matter the most. Just recently, a reputable data analytics firm Looker revealed some interesting facts, based on the data accumulated. So, want to know who secured the topmost rank?

 
Data Says This Game of Throne Character Carries the Maximum Weight
 

Head out for a Data analyst certification in Delhi. Dexlab Analytics is here.

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Move Your Career towards Big Data Analytics: The Future Looks Bright

Move Your Career towards Big Data Analytics: The Future Looks Bright

With state-of-the-art technology looming on the horizon, the $150-billion Indian IT industry has a high appetite for workers accomplished in the fields, like AI, Data Science, Big Data, and more.

Soon, it wouldn’t be enough to flash an engineering degree or some minor knowledge in Java or Python – the need for data science and artificial intelligence is on the rise. Automation is going to be the key to change. Globally, 12% of employers have started thinking of downsizing their workforce owing to technological advancement. Amidst all this, don’t think India would be spared. Indian bosses fear automation will reduce their headcount too. But fret not, it’s not all a bad news – there is always a silver lining after rains and that is Big Data jobs.

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Shine bright with Big Data

In India, the number of job openings in the Analytics field almost doubled from the last year. Digital natives, like Amazon, Citi, HCL, IBM, and Accenture are waiting to fill close to 50000 positions, according to a study conducted by Analytics India Magazine and Edvancer. All these definitely signify parting off the dark clouds, and I can’t agree more!

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Artificial Intelligence and Machine Learning are building a base of its own. Moreover, AI is deemed to be the hottest technical sector in the next 5 years and would beam in success. Along with top-of-the-line tech firms, more than 170 startups have transfixed their gaze on this field. To surf on the next wave of IT jobs, candidates need to step aside from low-in-demand stale skills to excel on budding Analytics skills. Every single HR Manager out there is seeking professionals who can manipulate algorithms and work wonders in various machine-learning models and you can be one of them!

Get better, get evolved

Expertise in languages, like Java/C/C++ gives you a certain edge, but to enter the dominating field of Big Data, techies will be asked to master intricate languages, such as Scala and Hive that are less conventional. Millennial recruiters are also looking out for those who have a keen insight for good design and flawless code architecture. “Programmers who focus on good design principals are always preferred over programmers who can just code,” Rajat Vashishta, founder of Falcon Minds, a resume consulting firm, says. “User experience matters a lot more than it used to, say, five years ago.”100793293-102628471r.1910x1000

Where skills in technology, like business intelligence, artificial intelligence, machine learning and DevOps are flourishing, minute attention need to be given on proper implementation of these skills, according to Aditya Narayan Mishra, chief executive officer of CIEL HR Services, a recruitment firm, otherwise all of it would be a total waste.

It’s all in the layout

Presentation matters, you agree or not! Make your resume ready to strike the job criteria you are applying for. For example, if a user interface developer wants to become a full stack developer, he must mention back-end programming skills in the profile. This will give an instant boost to the resume. The design of a resume has also changed over the years. Now, the shorter your resume the better response you get. “Most techies write pages and pages of projects in their resumes. While it is important, in most cases, the same information gets repeated. Anything above two pages is a big no,” says Vashishta.

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The Tides Of Change Is Here: Accenture’s Bhaskar Ghosh Talks About AI, IoT and Big Data

With the Fourth Industrial Revolution looming ahead, many would think that we are already in a digital economy era. Well, somewhat it holds true even. There are countless new apps and software programmes that help people hail a cab, make reservations in a hotel or mop floors by using robotic technology. Smart machines have become really smart to do a plethora of highly adept jobs, which would have been a little bit difficult on the part of humans to perform.

 
The Tides Of Change Is Here: Accenture’s Bhaskar Ghosh Talks About AI, IoT and Big Data
 

“While technology has long been developed to serve specific business needs, we are now in an era where people are central to the design and development of technologies,” stated Bhaskar Ghosh, group chief executive, Accenture Technology Services. In a recent interview with a leading financial magazine, he talked over Accenture’s Technology Vision 2017 and gave snippets about the latest trends and innovations that have become a pre-requisite to achieve success in the more-than-ever digitised economy.

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SAS and Equifax Clouts Deep Learning and AI to Improve Credit Risk Analysis

SAS and Equifax Clouts Deep Learning and AI to Improve Credit Risk Analysis

The noteworthy triumphs over us, humans, in Poker, GO, speech recognition, language translation, image identification and virtual assistance have enhanced the market of AI, machine learning and neural networks, triggering exponential razzmatazz of  Apple (#1 as of February 17), Google (#2), Microsoft (#3), Amazon (#5), and Facebook (#6). While these digital natives command the daily headlines, a tug of war has been boiling of late between two ace developers –  Equifax and SAS – the former is busy in developing deep learning tools to refine credit scoring, and the latter is adding new deep learning functionality to its bouquet of data mining tools and providing a deep learning API.

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Curiosity is Vital: How Machine Inquisitiveness Improves the Ability to Perform Smartly

Online Data Science Certification

What happens when a computer algorithm merges with a form of artificial curiosity – to solve precarious problems?

Meticulous researchers at the University of California, Berkeley framed an “intrinsic curiosity model” to make their learning algorithm function even when there is a lack of strong feedback signal. The pioneering model developed by this team visions the AI software controlling a virtual agent in video games in pursuit of maximising its understanding of its environment and related aspects affecting that environment. Previously, there have been numerous attempts to render AI agents’ curiosity, but this time the trick is simpler and rewarding.

The shortcomings of robust machine learning techniques can be solved with this mighty trick, and it could help us in making machines better at solving obscure real world problems.

Pulkit Agrawal, a PhD student at UC Berkeley, who pulled off the research with colleagues said, “Rewards in the real world are very sparse. Babies do all these random experiments, and you can think of that as a kind of curiosity. They are learning some sort of skills.”

Also read: Data Science – then and now!

Like several potent machine learning techniques rolled out in the past decade, Reinforcement Learning has brought in a phenomenal change in the way machine accomplish their things. It has been an intrinsic part of AlphaGo, a poster child of DeepMind; it helped playing and winning the complex board game GO with incredible skill and wit. As a result, the technique is now implemented to imbue machines with striking skills that might be impossible to code manually.

However, Reinforcement Learning comes with its own limitations. Agrawal pointed that sometimes it demands a huge amount of training in order to grasp a task, and the procedure can become troublesome, especially when the feedback is not immediately available. To simplify, the process doesn’t work for computer games where the advantages of specified behaviours is not just obvious. Hence, we call for curiosity!

Also read: After Chess, Draughts and Backgammon, How Google’s AlphaGo Win at Go

For quite some time now, a lot of research activity is going around on artificial curiosity. Pierre-Yves Oudeyer, a research director at the French Institute for Research in Computer Science and Automation, said, “What is very exciting right now is that these ideas, which were very much viewed as ‘exotic’ by both mainstream AI and neuroscience researchers, are now becoming a major topic in both AI and neuroscience,”. The best thing to watch now is how the UC Berkeley team is going to run it on robots that implement Reinforcement Learning to learn abstract stuffs. In context to above, Agrawal noted robots waste a nifty amount of time in fulfilling erratic gestures, but when properly equipped with innate curiosity, the same robot would quickly explore its environment and establish relationships with nearby objects.

Also read: CRACKING A WHIP ON BLACK MONEY HOARDERS WITH DATA ANALYTICS

In support of the UC Berkeley team, Brenden Lake, a research scientist at New York University who lives by framing computational models of human cognitive capabilities said the work seemed promising. Developing machines to think like humans is an impressive and important step in the machine-building world. He added, “It’s very impressive that by using only curiosity-driven learning, the agents in a game can now learn to navigate through levels.”

To learn more about the boons of artificial intelligence, and what new realms, it’s traversing across, follow us on DexLab Analytics. We are a leading Online Data Science Certification provider, excelling on online certificate course in credit analysis. Visit our site to enroll for high-end data analytics courses!

 

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Data Science – then and now!


Data Science – then and now!

  • Data Science = Statistics + Computer Science
  • emerges as a designation for stores of big data

The following timeline traces the evolution of the term “Data Science”, along with its use, attempts to define it, and related terms:

 

“The future of Data Analyses “- by John W.Turkey, 1962

 

  • More emphasis was placed on using data to suggest hypotheses to test
  • Exploratory Data Analysis and Confirmatory Data Analysis works in parallel

 

“Book on Survey – Contemporary data processing methods “– by Peter Naur, 1974

 

    • Data is a representation of the facts or ideas in a formalized manner
    • It is capable of being communicated or manipulated by some process
    • The rise of “Datalogy”, the science of data and data processes and its place in education
    • Data Science here defined as – the science of dealing with data, once established and the relation of data being delegated to the other fields and sciences.

 
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“The International Association for Statistical Computing (IASC)”- Section of ISI, 1977

 

  • The mission is to link traditional statistical methodology, modern computer technology and the knowledge of domain experts in order to convert data into information and knowledge

 

Gregory Piatetsky-Shapiro, 1989

 

  • Arrival of Knowledge Discovery in Databases (KDD) workshop
  • It became the annual ACM SIGKDD Conference on Knowledge Discovery and Data Mining (KDD) in 1995

 

“Database Marketing” – cover story by BusinessWeek, 1994

 

  • Companies collect mountains of information about you
  • Then crunch it to predict how likely you are to buy a product
  • Implement the knowledge to craft a marketing message precisely calibrated to get you to do so
  • Many companies were too overwhelmed by the sheer quantity of data to do anything useful with the information
  • However, many companies believe they have no choice but to brave the database-marketing frontier

 

“Members of the International Federation of Classification Societies (IFCS)”, 1996

 

  • Data science is included in the title of the conference (“Data science, classification, and related methods”)

 

“From Data Mining to Knowledge Discovery in Databases” by – Usama Fayyad, Gregory Piatetsky-Shapiro and Padhraic Smyth,1996

 

  • Historically, the notion of finding useful patterns in data has been given a variety of names,
  • Some of the names are data mining, knowledge extraction, information discovery, information harvesting, data archaeology, and data pattern processing
  • KDD [Knowledge Discovery in Databases] refers to the overall process of discovering useful knowledge from data, and
  • Data mining refers to a particular step in this process
  • Data mining is the application of specific algorithms for extracting patterns from data
  • Data preparation, data selection, data cleaning, incorporation of appropriate prior knowledge, and proper interpretation of the results of mining, are essential to ensure that useful knowledge is derived from the data

 

H. C. Carver Chair in Statistics at the University of Michigan -Professor C. F. Jeff Wu, 1997

 

  • Asked statistics to be renamed as data science, and statisticians to be renamed data scientists

 

The journal Data Mining and Knowledge Discovery, 1997

 

  • “Data mining” designates as – “extracting information from large databases.”

 

“Mining Data for Nuggets of Knowledge” – Jacob Zahavi quoted – 1997

 

  • Conventional statistical methods work well with small data sets
  • Today’s databases, however, involves millions of rows and scores of columns of data
  • Scalability is a huge issue in data mining
  • Another technical challenge is developing models that can do a better job analysing data, detecting non-linear relationships and interaction between elements
  • Special data mining tools may have to be developed to address web-site decisions

 

Also read: The Beginners’ Guide to Data Science Jargon

 

“Data Science: An Action Plan for Expanding the Technical Areas of the Field of Statistics.” – by William S. Cleveland, 2001

 

  • Plan to enlarge the major areas of technical work of the field of statistics
  • The benefit to the data analyst has been limited, because the knowledge among computer scientists about how to think of and approach the analysis of data is limited, just as the knowledge of computing environments by statisticians is limited
  • A merger of knowledge bases would produce a powerful force for innovation
  • The statisticians should look to computing for knowledge today just as data science looked to mathematics in the past
  • The departments of data science should contain faculty members who devote their careers to advances in computing with data and who form partnership with computer scientists

 

“Statistical Modeling: The Two Cultures” (PDF) – by Leo Breiman, 2001

 

  • Two cultures in the use of statistical modeling to reach conclusions from data
  • One assumes that the data are generated by a given stochastic data model, while the other uses algorithmic models and treats the data mechanism as unknown
  • Algorithmic modeling, both in theory and practice, has developed rapidly in fields outside statistics
  • It can be used both on large complex data sets and as a more accurate and informative alternative to data modeling on smaller data sets.
  • If our goal as a field is to use data to solve problems, then we need to move away from exclusive dependence on data models and adopt a more diverse set of tools

 

Launch of Journal of Data Science, 2003

 

  • Data Science means almost everything that has something to do with data: Collecting, analyzing, modeling
  • The most important part is its applications–all sorts of applications

 

“Competing on Analytics,” a Babson College Working Knowledge Research Center report “- by Thomas H. Davenport, Don Cohen, and Al Jacobson, 2005

 

  • The emergence of a new form of competition based on the extensive use of analytics, data, and fact-based decision making
  • Beside competing on traditional factors, companies starts to employ statistical and quantitative analysis and predictive modeling as primary elements of competition

 

The National Science Board publishes “Long-lived Digital Data Collections – 2005

 

  • Data scientists are – “the information and computer scientists, database and software engineers and programmers, disciplinary experts, curators and expert annotators, librarians, archivists, and others, who are crucial to the successful management of a digital data collection.”
  • In simple terms, they are the people who work where the research is carried out–or, in the case of data centre personnel, in close collaboration with the creators of the data–and may be involved in creative enquiry and analysis, enabling others to work with digital data, and developments in data base technology

 

Also read: Secrets To Clinch Victory in Global Data Science Competitions

 

Harnessing the Power of Digital Data for Science and Society, 2009

 

  • The nation needs to identify and promote the emergence of new disciplines and specialist’s expert in addressing the complex and dynamic challenges of digital preservation, sustained access, reuse and repurposing of data
  • Many disciplines are seeing the emergence of a new type of data science and management expert, accomplished in the computer, information, and data sciences arenas and in another domain science
  • These individuals are key to the current and future success of the scientific enterprise
  • However, these individuals often receive little recognition for their contributions and have limited career paths.

 

“Google’s Chief Economist, tells the McKinsey Quarterly”- Hal Varian, 2009

 

  • Quote – “I keep saying the sexy job in the next ten years will be statisticians. People think I’m joking, but who would’ve guessed that computer engineers would’ve been the sexy job of the 1990s?”
  • The ability to take data—to be able to understand it, to process it, to extract value from it, to visualize it, to communicate it—are going to be the most important skills in the coming decades
  • Managers need to be able to access and understand the data themselves.

 

“The Revolution in Astronomy Education: Data Science for the Masses “- Kirk D. Borne, 2009

 

  • Understanding the data is crucial for the success of sciences, communities, projects, agencies, businesses, and economies
  • It is true for both specialists (scientists) and non-specialists (everyone else: the public, educators and students, workforce)
  • specialists must learn and apply new data science research techniques
  • Non-specialists require information literacy skills

 

“Rise of the Data Scientist”- Nathan Yau, 2009

 

  • As quoted, “the next sexy job in the next 10 years would be statisticians.”
  • By statisticians, he actually meant a general title for someone who is able to extract information from large datasets and then present something of use to non-data experts
  • Ben Fry argues for an entirely new field, which will combine the skills and talents from disjointed areas of expertise… [Computer science; mathematics, statistics, and data mining; graphic design and human-computer interaction].

 

Also read: How is data science helping NFL players win Super bowl?!

 

Troy Sadkowsky, 2009

 

  • Created the data scientists group on LinkedIn, complementing his website, datasceintists.com (which later became datascientists.net)

 

”Data, Data Everywhere“- The Economist Special Report – Kenneth Cukier, 2009

 

  • A new kind of professionals has emerged – the data scientists, who combines the skills of software programmer, statistician and storyteller/artist to extract the nuggets of gold hidden under mountains of data

 

“What is Data Science?”- Mike Loukides, 2010

 

  • Data scientists combine entrepreneurship with patience, along with the willingness to build data products incrementally, the ability to explore, and the ability to iterate over a solution
  • They are inherently interdisciplinary
  • They can tackle all aspects of a problem, from initial data collection and data conditioning to drawing conclusions
  • They can think outside the box to come up with new ways to view the problem, or to work with very broadly defined problems: ‘here’s a lot of data, what can you make from it?’

 

Also read: What Sets Apart Data Science from Big Data and Data Analytics

 

“A Taxonomy of Data Science” – Hilary Mason and Chris Wiggins – 2010

 

  • Data scientist, in roughly chronological order: Obtain, Scrub, Explore, Model, and Interpret
  • Data science is clearly a blend of the hackers’ arts
  • Statistics and Machine learning and the expertise in mathematics and the domain of the data for the analysis to be interpretable
  • Requires creative decisions and open-mindedness in a scientific context

 

“The Data Science Venn Diagram”- Drew Conway, 2010

 

  • Simply enumerating texts and tutorials does not untangle the knots
  • Data Science Venn Diagram – hacking skills, math and stats knowledge, and substantive expertiseData_Science

 

“Why the term ‘data science’ is flawed but useful “- Pete Warden, 2011

 

  • The people tend to work beyond the narrow specialties that dominate the corporate and institutional world, handling everything from finding the data, processing it at scale, visualizing it and writing it up as a story
  • They also seem to start by looking at what the data can tell them, and then pick interesting threads to follow rather than the traditional scientist’s approach of choosing the problem first and then finding data to shed light on it

 

“Data Science’:  What’s in a name?”- David Smith, 2011

 

  • Many companies are now hiring ‘data scientists’, and the entire branch of study is run under the name of ‘data science’
  • Yet some have resisted the change from the more traditional terms like ‘statistician’ or ‘quant’ or ‘data analyst’
  • However, unabashedly ‘Data Science’ better describes what we actually do, which is a combination of computer hacking, data analysis, and problem solving

 

“The Art of Data Science” – Matthew J. Graham, 2011

 

  • To flourish in the new data-intensive environment of 21st century, we need to evolve new skills
  • We need to understand what rules [data] obey, how it is symbolized and communicated, and what its relationship to physical space and time is.

 

“Data Science, Moore’s Law, and Moneyball” – Harlan Harris, 2011

 

  • Data Scientist runs the gamut from data collection and munging, through an application of statistics, machine learning and related techniques for interpretation, communication, and visualization of the results
  • Data Science is defined by its practitioners, as a career path rather than a category of activities
  • People who consider themselves Data Scientists typically have eclectic career paths, that might in some ways seem not to make much sense.Data-Science-Teams

 

“Building Data Science Teams”- D.J. Patil, 2011

 

  • Jeff Hammerbacher shared the experiences of building the data and analytics groups at Facebook and LinkedIn
  • He realized that as their organizations grew, they need to figure out what to call the people on their teams
  • ‘Business analyst’ seemed too limiting
  • ‘Data analyst’ was a contender, but they felt that title might limit what people could do. After all, many of the people on their teams had deep engineering expertise
  • ‘Research scientist’ was a reasonable job title used by companies like Sun, HP, Xerox, Yahoo, and IBM
  • However, they felt that most research scientists worked on projects that were futuristic and abstract, and the work was done in labs that were isolated from the product development teams
  • Instead, the focus of the teams was to work on data applications that would have an immediate and massive impact on the business
  • The term that seemed to fit best was data scientist: those who use both data and science to create something new

 

“Data Scientist: The Sexiest Job of the 21st Century” in the Harvard Business Review – Tom Davenport and D.J. Patil, 2012

 

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