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How is AI Shaping the Indian Job Market?

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How is AI Shaping the Indian Job Market?

Currently, startups focusing on Artificial Intelligence, Machine Learning and Deep Learning are on the rise in India. According to a recent report by AI Task Force, there are 750 startups in India that are actively working to build a robust AI ecosystem in India. Initiatives to promote AI by Indian government include establishment of NITI Aayog, the policy think tank of India, and Digital India, which is a campaign to improve technological infrastructure of the country.

65% of participants of a PwC survey believed that AI will have a grave impact on the employment scenario of India. Interestingly, the majority of participants of this survey were of the opinion that AI will allow employees to do more value-added tasks as it will take up all the daily mundane tasks.

Deep Learning and AI using Python

Job market outlook:

‘’We expect a 60 per cent increase in demand for AI and machine learning specialists in 2018’’, said BN Thammaiah, Managing Director, Kelly Services India. Belong, a Bengaluru-based outbound hiring firm startup, shares the same view, stating that the demand for AI professionals has risen by leaps and bounds due to the widespread adoption of AI and automation technologies across companies. Consulting industry leader, Accenture, expects AI to add $957 to India’s GDP by 2035.

Jump in demand:

Only 4 percent of AI professionals have work experience in core domains, like deep learning and neural networks.

For every 1000 jobs in the field of Deep learning, there are approximately 530 professionals available. Similarly, for every 1000 jobs in the field of Neuro-linguistic Programming (NLP), there are only 710 professionals available.

The lack of core data science disciplines in engineering institutes across the country is responsible for the disparity between demand and supply of AI professionals. Only a few selected institutes, like IITs and IISc, have ML programs in their curriculum. The active AI researchers in India are a meager 386 in number.

AI hotspots in India:

AI-work hubs in India are Bengaluru, New Delhi and Mumbai. IBM, Microsoft, Flipkart and Amazon are carrying out good research work in AI. Companies like Adobe, Accenture, Amazon, JP Morgan, SAP, L&T Infotech, Nvidia, Intel and Wipro are actively hiring AI professionals. The main sectors fostering AI employment are e-commerce, banking and finance. Kamal Karanath, Co-founder of Xpheno, a recruitment company, said that there would be a huge demand for AI engineers in these sectors in the next 5 years. AI-powered technology boosts efficiency and security of Indian banking and financial sector.

India Inc is endeavoring to upskill workers in subjects like machine learning, cloud computing and big data. In efforts to nurture talent and obtain solutions from vertical focused AI startups, which are developing innovative technologies, enterprises have set up many accelerator programs. Flipkart is developing AI products that will boost their business growth.

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A peek into the future of AI:

The Indian government intends to establish research institutes and Centres of Excellence that foster training and skilling in fields like AI, robotics, big data analysis and internet of things. Top engineering schools, like IITs, IIITs and IISc are collaborating with industries to bridge the gap in AI talent, provide targeted solutions and steer growth of the AI industry. Government of India is framing numerous policies to promote industry-academic partnerships.

Get an edge in this AI-era by enrolling yourself for the Machine Learning training course at DexLab Analytics– a leading data analyst training institute in Delhi.

 

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Evolving Logistics Scenario: The Tech-driven Future of Logistics Industry

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Customer expectations are growing by the day; they are demanding faster and more flexible deliveries at minimum delivery costs. Businesses are being pressurized to customize their manufacturing processes as per customer demands. This is a hard slog for the logistics industry, which has to keep delivering better services but for lower prices.

The logistics industry can only achieve this through ‘digital fitness’. It has to make intelligent use of the global wave of digitization, including data analytics, automation and ‘Physical Internet’. The Physical Internet is an open global logistics system that is transforming the way physical objects are handled, moved, stored and supplied. It aims towards the replacement of current logistical models and making global logistics more efficient and sustainable. The Physical Internet promises better standardization in logistics operations, including shipment sizes, labeling and systems.

The central theme in logistics sector is collaborative working, which enables market leaders to retain dominance.

Now, let us take a look at a few tech-driven domains that will shape the future of logistics.


The future of Logistics Lies in IoT

Internet of Things has been the most innovative technology of the present era. It has the potential to revolutionize the logistics sector. The key benefits of IoT with regard to logistics are:

  • Real-time alerts and notifications
  • Automate processes that gather data from various machines
  • Automate vital operations like inventory management and asset tracking: With the help of IoT, companies can improve tasks like tracking orders, determining what items need to be stocked up and how certain products are performing.
  • Able to function without any human interventions.
  • Logistic companies can provide safer deliveries
  • Enable the regulation of temperature and other environmental factors.

IoT will be advantageous for the entire logistics sector, including fleet and warehouse management, and shipment and delivery of products. IoT can help companies dealing with cargo shipments by improving visibility in the delivery and tracking of cargo.

Warehouse Automation

Warehouse automation is set for a major overhaul. Online shopping is thriving and logistics, especially warehouse operations, need to be more refined and speedy. Warehouse operations of many e-commerce giants are undergoing a robotics makeover. According to reports, the market for logistics robotics, which had generated revenues worth 1.9 billion USD in 2016, is likely to generate sky-high revenues worth 22.4 billion USD this year.

The advancements in robotics include programming robots to pick and pack goods, load and unload cargo and at times deliver goods too. Employing robots speed up the processes of data collection, maintaining records and managing inventories.  Most importantly, robots leave no room for human errors in the processes.


Blockchain Technology in Logistics

The growth of crypto-currencies like Bitcoin has popularized blockchain technology. Blockchain being a type of distributed ledger technology provides secure, traceable and transparent transactions. Blockchain technology employed by logistics firms will improve customer visibility into shipments and help prevent data breaches.

In the present times, logistics is considered the backbone of a stable economy. Thus, for India to emerge as a superpower, the logistics market needs to be developed and integrated with state-of-the-art technologies. Conducive policies and a healthy partnership between private and public sector is crucial to steer India into an era of competent and cost-effective business operations.

In times to come, automation will transform every industry. Don’t be left behind. Get an edge by enrolling for the data science and machine learning certification course at the premier data analyst training institute in Delhi– Dexlab Analytics.

 

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How American Express Uses Data Analytics to Promote a Data-Driven Culture

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data analytics training institute

Since 2010, American Express, with an encompassing database crossing over 100 million credit cards accounting for more than $ 1 trillion in charge volume annually, is harnessing the power of big data. Undeniably, it resulted in incredible improvements in speed and performance.

In the last four decades, the entire financial services industry has undergone a massive change, notably in the spheres of:

Electronic payments – Online payments, comprising credit and debit cards have dramatically increased over cash, globally.

E-commerce – An excessive reliance on smartphones and internet have boosted E-commerce capabilities manifold times.

With an increasing interaction between company and customers, the latter’s online and offline identity is being collaborated for an encompassing 360-degree view. This eventually drives innovation in product designing and marketing.

Formulating a Data-Driven Culture

Data analytics is like the bull’s eye of effective marketing, and servicing and risk management. Data curation and management is now a prerequisite for competitive excellence.

Since its inception, American Express flaunts transformation: the company has transformed itself from being a trivial freight forwarding business to a top notch player in payments and customized service industry. Over the years, the working mechanism of the firm has changed dramatically, and today, it is #1 small business card issuer in the whole of the US.

No matter, while the company strives to evolve, its core values remain somewhat same. Keeping their customers above anything else and behave like a good citizen are two core values of American Express that are beyond alterations. To become a successful data-driven organization, they believe in investing on technology, analytics, along with human talent, emphasizing on a proper synthesis between technology and human cognition to trigger robust growth and future success.

How American Express Stays Relevant and Fresh?

Risk 2020 – American Express envisions how an economy or marketplace might look like after a few years, and in the process, assesses the risks to combat to address the weaker issues in the economy. A comprehensive approach, including cloud, deep learning, mobile computing and AI is the solution.

Cornerstone – This is an encompassing, global big data ecosystem. The data is stored and shared with global potentialities across trusted sources. In any organization, data is the centre of attraction, and the consultants at American Express recognize the essence of innovation lies at company’s DNA and not somewhere on the top.

The data-driven culture in American Express is simple, natural and nuanced. A huge data base is created, from acquisition to customer management, which eventually needs to be shared with third parties and partners to derive insightful conclusions for better customer experience and risk assessment. “At American Express, we take our responsibility to serve customers and the public seriously, always ensuring that solutions are best-in-class and valuable to our customers,” says Ash Gupta, president, Global Credit Risk & Information Management, American Express.

“American Express’ closed-loop data allows us to analyze a large volume of real spending that can help marketers across a range of industries connect with customers and provide unique value,” he further adds.

Data Science Machine Learning Certification

To know more about data-driven customer experience, visit DexLab Analytics, a premier data analyst training institute in Delhi. They offer a plethora of data analyst training courses for interested candidates.

 

The blog has been sourced from:

https://www.forbes.com/sites/ciocentral/2018/03/15/how-american-express-excels-as-a-data-driven-culture/#5c5ed1a81635

https://digit.hbs.org/submission/american-express-using-data-analytics-to-redefine-traditional-banking/

 

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5 Best Data Science Resources to Ace the Game of Data

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Wondering how a data scientist makes advances in his data career? Or how does he expand his skills in the future? Reading is the most common answer; nothing helps better than keeping a close eye on the industry news. Data science is evolving at a rapid speed; to be updated with the latest innovations and technology discoveries would be the best thing to stay ahead of the curve.

5 Best Data Science Resources to Ace the Game of Data

If you are a newbie in this field, make sure you are well-read about the current industry trends and articulate it well to the HR heads that you are someone who is always a step ahead to consume knowledge about data science and its related fields. This helps!

A wide number of data science blogs and articles are available over the internet, but with so many options, it’s easy to feel lost. For this and more, we have compiled a comprehensive list of 5 best data science blog recommendations that would help aspiring data scientists maneuver smoothly through this sphere.

Data Elixir

For a one stop destination for all things DATA, Data Elixir is the right choice. Crafted by ex-NASA data scientist Lon Riesberg, Data Elixir offers a list-wise view of the posts; easy categorization of content is anytime preferable and renders easy search options.

Data Science Weekly

The brain child of Hannah Brooks and Sebastian Gutierrez, Data Science Weekly is the ultimate hub for recent news, well-curated articles and promising jobs related to data science. You can either sign up for their newsletter or simply scroll through their archives dated back to 2013.

The Analytics Dispatch

The Analytics Dispatch is more like a newsletter content creating hub, wherein they send weekly emails about data science related stuff to its readers. Collected, analyzed and developed by a robust team at Mode Analytics, which also happens to be an Udacity partner, the newsletters focus on practical advices on data analysis and how data scientists should work.

Let’s Take Your Data Dreams to the Next Level

O’Reilly Media’s data science blog

To read some of the most amazing articles on AI and data science, make O’Reilly Media’s data science blog your best companion. The articles are curated, researched and written by influencers and data science pundits, who are technically sound and understands the advanced nuances of the field in-depth.

Cloudera

Being top notch big data software, Cloudera’s contribution to the world of data science is immense. Time to time, it publishes interesting articles, know-hows and guides on a plethora of open source big data software, like Hadoop, Flume, Apache, Kafka, Zookeeper and more.

Besides, DexLab Analytics, a pioneering analytics training institute headquartered in Gurgaon, India also publishes technical articles, amazing blogs, riveting case studies and interviews with analytics leaders on myriad data science topics, including Apache Spark, Retail Analytics and Risk Modeling. The content is crisp, easy to understand and offers crucial insights on a gamut of topics: it helps the aspiring readers to broaden their horizons.

The realms of data science are fascinating and intimidating as well; but with the right knowledge partner, carry suave data skill in your sleeves – Data Science Courses in Noida from DexLab Analytics are the best in town! Also, their Business Analytics Training Courses in Noida are worth checking for.

Some of the parts of the blog have been sourced from – http://dataconomy.com/2018/01/5-awesome-data-science-subscriptions-keep-informed/ and https://www.springboard.com/blog/data-science-blogs

 

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Facial Recognition Technology: Where Opportunities are Endless and Science is Terrific

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Facial Recognition Technology: Where Opportunities are Endless and Science is Terrific

We are on the verge of the Fourth Industrial Revolution – where massive amounts of texts, tweets, photos, videos, status updates, GPS coordinates, reposts and clickstreams are being pumped out into the digital universe. This data is like the food for colossal artificial intelligence.

If we talk about resources, the ocean that AI-induced data has filled up is nothing if compared to California gold rush, Texas Oil boom or similar events. Huge amounts of data are clogging the digital space all over. Algorithms, based on AI are driving innovation in every field of work, right from products to services, and the more data you possess, the more accurate the algorithm is expected to be. As a result, collection and analysis of big data have become a prime focus of companies, big and small.

Introducing Deep Learning

But how does this mammoth AI works? How does it digest this amount of data? Of course through interconnected, high-end devices powered by embedding “eyes”, named as Deep Learning. These artificial neural networks work on the principle of machine learning algorithms and simulate the complex structure of human brains. Employing mammoth data pools and lakes, deep learning determines and interprets intricate patterns, just the way humans do. In fact, some of the artificial neural networks are so adept at incorporating these patterns that they can even mimic the manner in which humans recognize faces.

DeepFace:  A Stiff Competitor of Human Brain

In terms of facial data, Facebook is the largest reservoir of facial data, and back in 2015, it came out with a cutting edge version of “tag photos” feature, DeepFace – it features a nine layer neural network that resembles characteristics in individual photographs with 97.25% accuracy. This fabulous technology not only connects your name with your face, but it can easily pick you out of a crowd, and the figure says a human brain is only 0.28% more effective than DeepFace.

Of late, Facebook has acquired a new patent, “Techniques for emotion detection and content delivery,” – it helps in capturing user’s facial expressions through the camera in real time while they scroll across their feed, recording their emotions for various content. This new-age technology can not only customize your Facebook feed, but can also link numerous live in-store cameras for a better shopping experience, piling up data from Facebook and determining the shopper’s present mood and preference.

Facebook and Beyond

Though Facebook is dominating the waters of facial recognition, there are several other companies that are trying their luck into this domain. Ebookers, a sub-site of Expedia has launched a tool named SenseSational, which employs real time facial recognition software to monitor users’ faces, while they peruse over images and sounds that appeal to the senses.

On the other hand, Singapore Technologies Electronics is using facial recognition technology to identify the faces of commuters, as they walk across fare gates and charges their prepaid account respectively. No longer the commuters have to show their fare card while standing in queue; thus it eases the crowd buildup during rush business hours.

In conclusion, companies can anytime look up to deep learning from any angle. The giant of artificial intelligence is forever hungry, you can feed it with data whenever you like, and see it expand and flourish.

Seeking an excellent data analyst training institute in Gurgaon? Look no further; DexLab Analytics is here. With a wide set of comprehensive Data Science Courses in Delhi, this institute is here to satisfy every data need.

Let’s Take Your Data Dreams to the Next Level

The original article first appeared on – https://www.entrepreneur.com/article/311228

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Reigning the Markets: 4 Most Influential Analytics Leaders of 2018

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Data analytics in India is grabbing attention. Data and analytics, together, they play a key role in delivering business opinions, which are high-yielding and relatively new. At the helm of such robust data analytics growth are leaders from numerous organizations who introspect into data to conjure up decisions as a seamlessly as possible. They are masterminds in the world of data analytics.

Reigning the Markets: 4 Most Influential Analytics Leaders of 2018

Here, we will talk about 4 most influential analytics leaders who acted as pioneers of bringing in newer technologies and life-changing innovations into the field of analytics, machine learning, artificial intelligence and big data across diverse domains.

Debashish Banerjee, Managing Director, Deloitte Analytics

With 17 years and more experience in predictive modeling, data analytics and data science, Mr. Banerjee’s extensive contribution in the fields of actuarial risk, data mining, advanced analytics and predictive modeling in particular is phenomenal. He started his career with GE, and initiated and headed insurance analytics, pricing and reserving team of GE, India – one of the firsts in India.

In 2005, he shifted to Deloitte with a mission to initiate the advanced analytics and modeling practice in India, through which he manages and offers leadership support to the Deloitte Consulting’s Data Science practices that stresses on AI, predictive modeling, big data and cognitive intelligence. He mostly worked in marketing, customer and HR domains.

Let’s Take Your Data Dreams to the Next Level

Kaushik Mitra, Chief Data Officer and Head of Big Data & Digital Analytics, AXA Business Services (ABS)

Experienced for over 25 years in integrating analytics, technology and marketing worldwide, Kaushik Mitra dons a lot many hats. Besides assuming leadership roles for diverse domains, like AI, analytics, data science, business intelligence and modeling, Mr. Mitra is at present involved in driving an array of data innovation coupled with technology restructuring in the enterprise, as well as coordinating GDPR implementation in ABS.

Before joining ABS, he worked with Fidelity Investments in Bangalore, where he played a pivotal role in establishing their data science practice. Armed with a doctorate in Marketing from the US, he is a notable figure in the world of analytics and marketing, along with being a frequent speaker in Indian industry networks, like NASSCOM and other business forums.

Ravi Vijayaraghavan, Vice President, Flipkart

Currently, Ravi Vijayaraghavan and his team are working on how to leverage analytics, data and science to improve decision-making capabilities and influence businesses across diverse areas within Flipkart. Before joining Flipkart, he used to work as Chief Data Scientist and Global Head of the Analytics and Data Sciences Organization at [24]7.ai. It was here that he created, developed, implemented and optimized machine learning and analytics driven solutions. Also, he held important leadership portfolios at Mu Sigma and Ford Motor Company.

Deep Thomas, Chief Data & Analytics Officer, Aditya Birla Group

“Delivering nothing but sustained and rising profitability figures through potent digital transformation and leveraging data, business analytics, multi-disciplinary talent pool and innovative processes” – has been the work mantra of Deep for more than two decades. Being the Chief Data & Analytics Officer for Aditya Birla Group, he spearheads top of the line analytics solutions and frames organization-wide initiatives and tech-induced programs to enhance business growth, efficiencies and productivity within an organization.

Initially, he headed Tata Insights and Quants, the much acclaimed Tata Group’s Big Data and Decision Science Company. Apart from this, he held a variety of leadership positions in MNCs like Citigroup, HSBC and American Express across US and India to boost global digital and business transformation.

This article has been sourced from – https://analyticsindiamag.com/10-most-influential-analytics-leaders-in-india-2018

For more such interesting blogs and updates, follow DexLab Analytics. It’s a premier data science certification institute in Delhi catering to data aspirants. Take a look at their data science courses in Delhi: they are program-centric and nicely curated.

 

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How India is driving towards Data Governance

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Data is power – it’s the quintessential key to proper planning, governance, policy decisions and empowering communities. In the recent times, technological expansion is found to be contributing immensely towards ensuring a sustainable future and building promising IT base. Robust developments in IT related services have resulted into key breakthroughs, including Big Data, which as a result have triggered smooth data governance.

How India is driving towards Data Governance

According to a NASSCOM report, India’s analytics market is expected to grow from $1 billion to $2.3 billion in the year 2017-18. However, the fuller benefits of data analytics are yet to be channelized by the public sector.

In a varied country like India, data collection is a lengthy procedure. At present, information is being collected by various government departments straight from Panchayat levels to state levels. Though, most of the data remains trapped within department walls, it is largely used to pan out performance reports. Also, certain issues in timely collection of data pops up, while sometimes the quality of data collected becomes questionable, hence delaying the entire analysis.

 

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Quality data plays an integral role, if analyzed properly at the proper time. They can be crucial for decision-making, delivery of services and important policy revisions. As a matter of fact, last year, Comptroller and Auditor General (CAG) initiated Centre for Data Management and Analytics (CDMA) to combine and incorporate relevant data for the purpose of auditing. The main purpose here is to exploit the data available in government archives to build a more formidable and powerful Indian audit and accounts department.

Indian government is taking several steps to utilize the power of data – Digital India and Smart Cities initiatives aim to employ data for designing, planning, managing, implementing and governing programs for a better, digital India. Many experts are of the opinion that government reforms would best work if they are properly synchronized with data to determine the impact of services, take better decisions, boost monitoring programmes and improve system performances.

Open Data Policy is the need of the hour. Our government is working towards it, under the jurisdiction of the Department of Information and Technology (DIT) to boost the perks of sharing information across departments and ministries. Harnessing data eases out the load amongst the team members, while ensuring better accountability.

Tech startups and companies that probe into data and looks for solutions in data hoarding and analytics to collect and manage complicated data streams need to be supported. The government along with local players should encourage citizens to help them in collecting adequate information that could help them in long-run. India is walking towards a rapid economic development phase, where commitment towards information technology, data governance and open-source data is of prime importance. For the overall economy, bulk investments in capacity building, technology implementation and data-facilitating structures should be considered and implementable to bring plans and participation into place to hit off a better tech-inspired reality.

For data analyst certification in Delhi NCR, drop by DexLab Analytics – it’s a prime data science online training centre situated in the heart of Delhi.

The original article appeared on – https://economictimes.indiatimes.com/small-biz/security-tech/technology/indias-investment-in-big-data-will-ensure-governance/articleshow/57960046.cms

 

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New Intelligence is being added to Massive Storage Management System

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Pioneers of High Performance Storage System (HPSS) are devising ways to streamline and rationalize data management products for its upcoming eighth generation. 25 years back, US Department of Energy research laboratories and IBM together built HPSS to support massive government science research projects. Why? The Hierarchical storage solution is undeniably a rewarding concept which uses organization policies and software automatic tricks to decide which data to save, the location where it should be saved, the best time to move it to different storage devices and when to delete it.

New Intelligence is being added to Massive Storage Management System

“How do you know what you’re archiving? We’re talking about archives now that are hundreds of petabytes to an exabyte. We think we’re going to be there in 2-3 years,” asked Todd Herr, a storage architect for supercomputing from Lawrence Livermore National Laboratory, CA.

The HPSS website catalogues 37 publicly disclosed customers, while other customers are kept discreet. At present, version 7.5.1 from last year is on the run, but version 7.5.2 might be hit, while the next year will see 7.5.3, as given in the online roadmap.

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However, version 8 is not yet available on the official roadmap, but here’s what the insiders have to say about it…

“What I think our challenge is, is to become good data curators. And I think that’s where we’re going to point the product,” Herr shared. This will turn HPSS become more capable for data mining and assign metadata to itself.

In order to do that, the first thing to be done is to reveal information in the archive about a few overarching namespace applications. Herr explained, “Right now we are working on that (referring to software made by companies such as Atempo, Robinhood, Starfish, and StrongLink). I think the next step there is scaling out metadata performance, such as database partitioning and virtualizing multiple processors when performing searches.”

Another important part of HPSS is related to the software that works with tape storage – “What we’re trying to do is enable fast access to tape. If you look across the industry spectrum, the words fast and tape generally don’t go together,” Herr intimidated. The scientists at Livermore are capable of accessing research data on tape, even that existed more than 50 years ago.

Speed-matching buffers can save the day – when placed between primary disk storage and archive tape storage, they can be used to both read and write. Some other physical improvements include faster head placements and tape motors.

“We’re going to hit a problem way faster than most sites, and certainly faster than the vendors themselves because they cannot replicate our environment in most testing,” Herr asserted.

Herr’s employer’s next supercomputer, Sierra is going to operate at up to 125 petaflops and will have a 125-petabyte file system for performing ample tests to find new ways of speeding up performance and administer advanced data storage mechanisms.

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The article has been sourced from – https://www.techrepublic.com/article/fed-and-ibm-researchers-adding-new-intelligence-to-massive-storage-management-system

For more such interesting ideas and discussions, stay tuned to DexLab Analytics. It is a premier analytics training institute headquartered in Delhi, NCR. Their data science certification courses are excellent.

 

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How to Develop a Data-Driven Culture among the Employees and Organization?

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Data creation and consumption is exploding. So is the challenge of analyzing data and transforming it into actionable insights.

How to Develop a Data-Driven Culture among the Employees and Organization?

The expert consultants at IBM say – 90% of the data in the world has been created in the last couple of years at a rate of 2.5 quintillion bytes per day. Just imagine, when such gold mines of information go unused, what toll does it take on companies who harbors them? The loss is insurmountable, isn’t it? 

But the question that makes us brood is how do companies empower employees to use such vast pools of data to reveal hidden business insights?

To keep pace with an accelerating growth of data generation and robust competitive landscape, new age companies need to shift their focus to sound Business Intelligence solutions that helps in collecting and analyzing data to determine patterns and alert users, in case of anomalies in the nature of business. And the good news is that they are doing so.

Once companies start off with data handling and data mining, the issue of utilization needs to be addressed next – the trickiest problem with data utilization is the insights that take place within the departments –while creating data silos. Siloed data results in creating a lot of issues, but the larger one is that it creates only a partial view of whatever is happening within an organization and a bigger picture is not available.

As a result, a data-driven culture is to be adapted – but how?

 

Let’s Take Your Data Dreams to the Next Level

Right from the top-level

The true DNA of any organization lies within its top-level management team, including the founders and managing directors – and that’s where the foundation stone of data-driven culture should be implanted. Implementing something new and offbeat is intimidating, but when the company leaders promote it, the idea gains familiarity and merges with other data-driven decisions.

Empowerment

Employees need to feel empowered – then only they can independently mine data and share crucial findings with colleagues and seniors without asking for help from the IT guys. A common misconception that exists around is that data analytics is a cumbersome task which requires heavy involvement from IT- but in reality, things are changing – BI tools are being revamped to make users more independent and self-sufficient to take better business decisions.

Time and again, it’s important for the executive management to show some token of appreciation to employees for their hard work. It is in these subtle ways the data-driven culture gets promoted across company walls.

 

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Sharing is caring

Now, the data siloes come into the picture. Once employees are comfortable with using data and bearing the fruits of success – insights need to be shared across the business fronts to draw a much larger picture.  Not only it promotes cross-team and departmental collaboration, but also brings in newer data into the limelight that wouldn’t have been possible before. Hence, sharing of insights is crucial for business success.

From the above discussion it is clear, insights gained from data is extensively beneficial for business, as they offer new answers for innovation and development. However, achieving data nirvana is no mean feat – the steps highlighted above should be followed, and then only the companies would be able to achieve their desired goal, i.e. a seamless data-driven culture.

Accelerate your career with business analyst training Delhi NCR. DexLab Analytics offers 360-degree Data Science Online training in Delhi – interested candidates please visit the website.

Sources: http://dataconomy.com/2017/05/data-nirvana-develop-data-driven-culture

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