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How Company Leaders and Data Scientists Work Together

How Company Leaders and Data Scientists Work Together

Business leaders across platforms are hungrily eyeing data-driven decision making for its ability to transform businesses. But what needs to be taken into account is the opinion of data scientists in the core company teams for they are the experts in the field and whatever they have to say regarding data driven decisions should be the final word in these matters.

“The ideal scenario is all parties in complete alignment. This can be envisioned as a perfect rectangle, with business leaders’ expectations at the top, fully supported by a foundation of data science capabilities — for example, when data science and AI can achieve management’s goal of reducing customer retention costs by automating identification and outreach to at-risk customers,”says a report.

The much sought after rectangle, however, is rarely achieved. “A more workable shape is the rhombus, depicting the push-and-pull of expectations and deliverables.”

Using the power of your company’s data.

Business leaders must have patience with developments on the part of data scientists for what they expect is usually not in sync with the deliverables on the ground.

“Over the last few years, an automaker, for example, dove into data science on leadership’s blind faith that analytics could revolutionize the driver experience. After much trial and error, the results fell far short of adding anything meaningful to what drivers found valuable behind the wheel of a car.”

Appreciate Small Improvements

Also, what must be appreciated are small improvements made impactful. For instance, “slight increases in profitability per customer or conversion rates” are things that should be taken into account despite the fact that they might be modest gains in comparison to what business leaders had invested in analytics. “Applied over a large population of customers, however, those small improvements can yield big results. Moreover, these improvements can lead to gains elsewhere, such as eliminating ineffective business initiatives.”

Healthy Competition

However, it is advisable for business leaders to constantly push their data scientists to strive for more deliverables and improve their tally with a framework of healthy competition in place. In fact, big companies form data science centers of excellence, “while also creating a healthy competitive atmosphere that encourages data scientists to push each other to find the best tools, strategies, and techniques for solving problems and implementing solutions.”

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Here are three ways to inspire data scientists

  1. Both sides must work togetherTake the example of a data science team with expertise in building models to improve customers’ shopping experiences. “Business leaders might assume that a natural next step is to use AI to enhance all customer service needs.”However, AI and machine learning cannot answer the ‘why’ or ‘how’ of the data insights. Human beings have to delve into those aspects by studying the AI output. And on the other hand, data scientists also must understand why business leaders expect so much from them and how to achieve a middle path with regard to expectations and deliverables.
  2. Gain from past successes and achievements – “There is value in small data projects to build capabilities and understanding and to help foster a data-driven culture.”The best policy for firms to follow is to initially keep modest expectations. After executing and implementing the analytics projects, they should conduct a brutally honest anatomy of the successes and failures, and then build business expectations at the same time as analytics investment.
  3. Let data scientists spell out the delivery of analytics results “Communication around what is reasonable and deliverable given current capabilities must come from the data scientists — not the frontline marketing person in an agency or the business unit leader.” Before signing any contract or deal with a client, it is advisable to allow the client to have a discussion with the data scientists so that there is no conflict of ideas between what the data science team spells out and what the marketing team has in mind. For this, data scientists will have to work on their soft skills and improve their ability to “speak business” regarding specific projects.


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The link between AI, ML and Data Science

The link between AI, ML and Data Science

The fields of Artificial Intelligence, Machine Learning and Data Science cover a vast area of study and they should not be confused with each other. They are distinct branches of computational sciences and technologies.

Artificial Intelligence

Artificial intelligence is an area of computer science wherein the computer systems are built such that they can perform tasks with the same agility as that done through human intelligence. These tasks range from speech recognition to image recognition and decision making systems among others.

This intelligence in computer systems is developed by human beings using technologies like Natural Processing Language (NLP) or computer vision among others. Data forms an important part of AI systems. Big Data, vast stashes of data generated for computer systems to analyze and study to find patterns in is imperative to Artificial Intelligence. 

Machine learning

Machine learning is a subset of artificial intelligence. Machine learning is used to predict future courses of action based on historical data. It is the computer system’s ability to learn from its environment and improve on its findings.

For instance, if you have marked an email as spam once, the computer system will automatically learn to mark as spam all future emails from that particular address. To construct these algorithms developers need large amounts of data. The larger the data sets, the better the predictions. A subset of Machine Learning is Deep Learning, modeled after the neural networks of the human brain.

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Data Science:

Data science is a field wherein data scientists derive valuable and actionable insights from large volumes of data. The science is based on tools developed with the knowledge of various subjects like mathematics, computer programming, statistical modeling and machine learning.

The insights derived by data scientists help companies and business organizations grow their business. Data science involves analysis of data and modelling of data among other techniques like data extraction, data exploration, data preparation and data visualization. As data volumes grow more and more vast, the scope of data science is also growing each passing day, data that needs to be analyzed to grow business.

Data Science, Machine Learning and Artificial Intelligence

Data Science, Artificial Intelligence and Machine Learning are all related in that they all rely on data. To process data for Machine Learning and Artificial Intelligence, you need a data scientist to cull out relevant information and process it before feeding it to predictive models used for Machine Learning. Machine Learning is the subset of Artificial Intelligence – which relies on computers understanding data, learning from it and making decisions based on their findings of patterns (virtually impossible for the human eye to detect manually) in data sets. Machine Learning is the link between Data Science and Artificial Intelligence. Artificial Intelligence uses Machine Learning to help Data Science get solutions to specific problems.

The three technological fields are thus, closely linked to each other. For more on this, do not forget to check-out the artificial intelligence certification in Delhi NCR from DexLab Analytics.


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Netflix develops in own data science management tool and open sources it

Netflix develops in own data science management tool and open sources it

Netflix in December last year introduced its own python framework called Metaflow. It was developed to apply to data science with a vision to make scalability a seamless proposition. Metaflow’s biggest strength is that it makes running the pipeline (constructed as a series of steps in a graph) easily movable from a stationary machine to cloud platforms (currently only the Amazon Web Services (AWS)).

What does Metaflow really do? Well, it primarily “provides a layer of abstraction” on computing resources. What it translates to is the fact that a programmer can concentrate on writing/working code while Metaflow will handle the aspect which ensures the code runs on machines.

Metaflow manages and oversees Python data science projects addressing the entire data science workflow (from prototype to model deployment), works with various machine learning libraries and amalgamates with AWS.

Machine learning and data science projects require systems to follow and track the trajectory and development of the code, data, and models. Doing this task manually is prone to mistakes and errors. Moreover, source code management tools like Git are not at all well-suited to doing these tasks.

Metaflow provides Python Application Programming Interfaces (APIs) to the entire stack of technologies in a data science workflow, from access to the data, versioning, model training, scheduling, and model deployment, says a report.

Netflix built Metaflow to provide its own data scientists and developers with “a unified API to the infrastructure stack that is required to execute data science projects, from prototype to production,” and to “focus on the widest variety of ML use cases, many of which are small or medium-sized, which many companies face on a day to day basis”, Metaflow’s introductory documentation says.

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Metaflow is not biased. It does not favor any one machine learning framework or data science library over another. The video-streaming giant deploys machine learning across all aspects of its business, from screenplay analysis, to optimizing production schedules and pricing. It is bent on using Python to the best limits the programming language can stretch. For the best Data Science Courses in Gurgaon or Python training institute in Delhi, you can check out the Dexlab Analytics courses online.

 

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A Handbook of the Basic Data Types in Python 3: Strings

A Handbook of the Basic Data Types in Python 3: Strings

In general, a data type defines the format, sets the upper & lower bounds of the data so that a program could use it appropriately. Data types are the classification or categorization of data items which describes the character of a variable. The most used data types are numeric, non-numeric and Boolean (true/false).

Python has the following standard Data Types:

  • Booleans
  • Numbers
  • String
  • List
  • Tuple
  • Set
  • Dictionary

Mutable and Immutable Objects

Data objects of the above types are stored in a computer’s memory for processing. Some of these values can be modified during processing, but the contents of the others can’t be altered once they are created in the memory.

Number values, strings, and tuple are immutable, which means their contents can’t be altered after creation.

On the other hand, the collection of items in a List or Dictionary object can be modified. It is possible to add, delete, insert, and rearrange items in a list or dictionary. Hence, they are mutable objects.

Booleans

A Boolean is such a data type that almost every programming language has, and so does Python. Boolean in Python can have two values – True or False. These values can be used for assigning and comparison.

Numbers

Numbers are one of the most prominent Python data types. In Numbers, there are mainly 3 types which include Integer, Float, and Complex.

String

A sequence of one or more characters enclosed within either single quotes ‘or double quotes” is considered as String in Python. Any letter, a number or a symbol could be a part of the string. Multi-line strings can be represented using triple quotes,”’ or “””.

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List

Python list is an array-like construct which stores a heterogeneous collection of items of varied data typed objects in an ordered sequence. It is very flexible and does not have a fixed size. The Index in a list begins with a zero in Python.

Tuple

A tuple is a sequence of Python objects separated by commas. Tuples are immutable, which means tuples once created cannot be modified. Tuples are defined using parentheses ().

Set

A set is an unordered collection of items. Set is defined by values separated by a comma inside braces { }. Amongst all the Python data types, the set is one which supports mathematical operations like union, intersection, symmetric difference etc. Since the set derives its implementation from the “Set” in mathematics, so it can’t have multiple occurrences of the same element.

Dictionary

A dictionary in Python is an unordered collection of key-value pairs. It’s a built-in mapping type in Python where keys map to values. These key-value pairs provide an intuitive way to store data. To retrieve the value we must know the key. In Python, dictionaries are defined within braces {}.

This article is about one specific data type, which is a string. The String is a sequence of characters enclosed in single (”) or double quotation (“”) marks.

Here are examples of creating strings in Python.

Counting Number of Characters Using LEN () Function

The LEN () built-in function counts the number of characters in the string.

Creating Empty Strings

Although variables S3 and S4 do not contain any characters they are still valid strings. S3 and S4 both represent empty strings here.

We can verify this fact by using the type () function.

String Concatenation

String concatenation means joining one or more strings together. To concatenate strings in Python we use + operator.

String Repetition Operator (*)

Just like in numbers, * operator can also be used with strings. When used with strings * operator repeats the string n number of times. Its general format is: 1 string * n,

where n is a number of type int.

Membership Operators – in and not in

The in or not in operators are used to check the existence of a string inside another string. For example:

Indexing in a String

In Python, characters in a string are stored in a sequence. We can access individual characters inside a string by using an index.

An index refers to the position of a character inside a string. In Python, strings are 0 indexed. This means that the first character is at index 0; the second character is at index 1 and so on. The index position of the last character is one less than the length of the string.

To access the individual characters inside a string we type the name of the variable, followed by the index number of the character inside the square brackets [].

Instead of manually counting the index position of the last character in the string, we can use the LEN () function to calculate the string and then subtract 1 from it to get the index position of the last character.

We can also use negative indexes. A negative index allows us to access characters from the end of the string. Negative index starts from -1, so the index position of the last character is -1, for the second last character it is -2 and so on.

Slicing Strings

String slicing allows us to get a slice of characters from the string. To get a slice of string we use the slicing operator. Its syntax is:

str_name[start_index:end_index]

str_name[start_index:end_index] returns a slice of string starting from index start_index to the end_index. The character at the end_index will not be included in the slice. If end_index is greater than the length of the string then the slice operator returns a slice of string starting from start_index to the end of the string. The start_index and end_index are optional. If start_index is not specified then slicing begins at the beginning of the string and if end_index is not specified then it goes on to the end of the string. For example:

Apart from these functionalities, there are so many built-in methods for strings which make the string as the useful data type of Python. Some of the common built-in methods are as follows: –

capitalize ()

Capitalizes the first letter of the string

join (seq)

Merges (concatenates) the string representations of elements in sequence seq into a string, with separator string.

lower ()

Converts all the letters in a string that are in uppercase to lowercase.

max (str)

Returns the max alphabetical character from the string str.

min (str)

Returns the min alphabetical character from the string str.

replace (old, new [, max])

Replaces all the occurrences of old in a string with new or at most max occurrences if max gave.

 split (str=””, num=string.count(str))

Splits string according to delimiter str (space if not provided) and returns list of substrings; split into at most num substrings if given.

upper()

Converts lowercase letters in a string to uppercase.

Conclusion

So in this article, firstly, we have seen a brief introduction of all the data types of python. Later in this article, we focused on the strings. We have seen several Python operations on strings as well as the most common useful built-in methods of strings.

Python is the language of the present age, wherein almost every field there is a need for Python. For example, Python for data analysisMachine Learning Using Python has been easy and comprehensible than they were ever before. Thus, if you are also interested in Python and looking for promising courses Computer Vision Course PythonRetail Analytics using PythonNeural Network Machine Learning Python, then get in touch with Dexlab Analytics now and step into the world of opportunities!

 

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Artificial Intelligence Jobs: Data Science and Beyond!

Artificial Intelligence Jobs: Data Science and Beyond!

Artificial Intelligence is the latest technology that the industry of computer science has been working on for quite some time now. Though it has not yet been possible to materialize the high-end AIs, weak/narrow Artificial Intelligence which includes, Siri, Cortana, Bixby, Tesla, are the ones that have grown to be simply inseparable in our daily lives. This is simultaneous with the widespread of the Artificial intelligence Course in Delhiwhich is encouraging more and more students to explore new-age technologies. 

With the extensive research and tests carried out on all these new technologies to implement them in the modern industries; AI is yielding more jobs than ever before.

Jobs Springing from the Artificial Intelligence

Artificial intelligence and data always go hand in hand because it is the data that helps us gain insight into the results. Thus, it is not surprising that the professionals utter AI and data at the same instant.

When Amazon mentioned of up-skilling 100,000 employees from the United States to make them ready for the technology of the age, they also claimed that the machines with the ability to deal with data are responsible for most of these jobs.

There have been huge changes in the figures since then, with the data mapping scientists increased to 832%, the total data scientists jumped by 505%, and the total business analysts hiked about 160%. Besides, there is also a marked demand for the other employees, who are from a non-technological background. However, most of these are associated with Artificial Intelligence, like logistics coordinator and executive; process improvement manager; transportation specialist and so on.

Thus, in contradiction to our surmises that AI and its likes will throttle our jobs and crumble every other our opportunities of the same are turning out to be false for good!

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Drawing to a Close

Whether it is Machine Learning, Data Science or Artificial Intelligence, we are noticing a rapid progress and can easily count on a better future rich with technology. However, with the increasing hardware, software and advanced computing, the need to grasp the pacing technology thoroughly is becoming predominant. Thus, Machine Learning Using PythonNeural Network Machine Learning Python and Data Science Courses in Gurgaon are rising in demand to meet the need of the mass. However, you should always go for the best Artificial Intelligence Training Institute in Gurgaon to imbibe a wholesome knowledge of the subject.

 


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Statistical Application in R & Python: EXPONENTIAL DISTRIBUTION

Statistical Application in R & Python: EXPONENTIAL DISTRIBUTIONStatistical Application in R & Python: EXPONENTIAL DISTRIBUTION

In this blog, we will explore the Exponential distribution. We will begin by questioning the “why” behind the exponential distribution instead of just looking at its PDF formula to calculate probabilities. If we can understand the “why” behind every distribution, we will have a head start in figuring out its practical uses in our everyday business situations.

Much could be said about the Exponential distribution. It is an important distribution used quite frequently in data science and analytics. Besides, it is also a continuous distribution with one parameter “λ” (Lambda). Lambda as a parameter in the case of the exponential distribution represents the “rate of something”. Essentially, the exponential distribution is used to model the decay rate of something or “waiting times”.

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For instance, you might be interested in predicting answers to the below-mentioned situations:

  • The amount of time until the customer finishes browsing and actually purchases something in your store (success).
  • The amount of time until the hardware on AWS EC2 fails (failure).
  • The amount of time you need to wait until the bus arrives (arrival).

In all of the above cases if we can estimate a robust value for the parameter lambda, then we can make the predictions using the probability density function for the distribution given below:

Application:-

Assume that a telemarketer spends on “average” roughly 5 minutes on a call. Imagine they are on a call right now. You are asked to find out the probability that this particular call will last for 3 minutes or less.

 

 

Below we have illustrated how to calculate this probability using Python and R.

Calculate Exponential Distribution in R:

In R we calculate exponential distribution and get the probability of mean call time of the tele-caller will be less than 3 minutes instead of 5 minutes for one call is 45.11%.This is to say that there is a fairly good chance for the call to end before it hits the 3 minute mark.

Calculate Exponential Distribution in Python:

We get the same result using Python.

Conclusion:

We use exponential distribution to predict the amount of waiting time until the next event (i.e., success, failure, arrival, etc).

Here we try to predict that the probability of the mean call time of the telemarketer will be less than 3 minutes instead of 5 minutes for one call, with the help of Exponential Distribution. Similarly, the exponential distribution is of particular relevance when faced with business problems that involve the continuous rate of decay of something. For instance, when attempting to model the rate with which the batteries will run out. 

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Hopefully, this blog has enabled you to gather a better understanding of the exponential distribution. For more such interesting blogs and useful insights into the technologies of the age, check out the best Analytics Training institute Gurgaon, with extensive Data Science Courses in Gurgaon and Data analyst course in Delhi NCR.

Lastly, let us know your opinions about this blog through your comments below and we will meet you with another blog in our series on data science blogs soon.

 

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Most Demanding Programming Languages for Machine Learning: A Knowhow

Most Demanding Programming Languages for Machine Learning: A Knowhow

Machine Learning is among a handful of technologies which we can see going on for long. It is a process or a technology which applies Artificial Intelligence (AI) to enable the machines/computers to learn things all by them and continue improving them subsequently.

Andrew Ng, a computer scientist from Stanford University, describes Machine Learning as the science which helps the computers to act without any explicit programming.

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This new stream, as we are seeing it now, was originally conceived in the 1950s, however, it was not until the 21st century that Machine Learning started to revolutionise the world.

Several industries have already adopted this ground-breaking technology successfully to ensure the growth of their business. Moreover, this new technology has also boosted the demand for advanced programming languages, which were only rarely pursued earlier.

Here are some of the programming languages which seem quite promising with the rise of Machine Learning:

Python

This high-level programming language dates back to the early 1990s and has been widely popular since then, for Data Science, back-end development and Deep Learning for computer vision with Python. Python for data analysis is regarded as a powerful tool and is actively used in Big Data Technology.

R

R has been developed in the 1990s along with Python and was a part of the GNU project. Ever since it was discovered, R finds its uses extensively in Data Analysis, Machine Learning and the development of Artificial Intelligence. Furthermore, R is revered by the world of statisticians. 

Application to R and Python are effectively used to calculate the Arithmetic mean, Harmonic mean, Geometric Mean, Skewness & Kurtosis. Statistical Application Of R & Python: Know Skewness & Kurtosis And Calculate It Effortlessly shows you the way how.

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JavaScript, C++, Java are some other notable programming languages that are dominant. So, hurry up and join the exclusive computer vision course Python now. With Dexlab Analytics, a formidable institute in the Big Data Analytics industry, you can enroll for our tailor-made Artificial Intelligence course in Delhi with just a click from the comfort of your house.

 

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Want to Grow Quickly as a Data Scientist? Check Out 6 Ways

Want to Grow Quickly as a Data Scientist? Check Out 6 Ways

With the raging popularity of Data Science, only a few would be as unambitious as not choosing it as their field of work. Not only does Data Science open up a path long and promising for learning and attaining mastery but it also lets you get into the spotlight quicker than ever.

Most importantly, with the rising trend of Data Science, you can also shoot your career up.

Opting for Data Science, you can either be an employee in any of the distinguished IT sectors or you might also serve as a trainer, with your name all over the community.

But, as with all the other trades, marketing is important even when you seek for grounding your career in Data Science. But don’t worry because here we will give you some hacks to market yourself as a Data Scientist and grow as fast as feasible.

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Knowing the Inside Out of the Domain

Ensure that you have a deep knowledge of Data Science before starting to market yourself as a Data Scientist. This is because as more and more people are getting trained in Data Science and starting to pave their career in the same field, none but they with a steadfast knowledge would thrive. Furthermore, in this digital career, you shall also pledge to be always updated and Data Science Courses in Gurgaon can give you the edge.

So, it would prove to be indispensable if you invest a considerable amount of time to learn, on hands-on-experience, leading to chiselling your knowledge and skillset.

Delve into Social Media

When it comes to marketing, you shall never disregard Social Media. In fact, that is the platform which you must first target. Facebook, Twitter and LinkedIn is the trio that you must first address.

Navigate to your Social Media accounts as frequently as you can. There, try to make friends with the people of the same profession, interact with them, discuss various problems and highlight your feats.

Value your Content

As in marketing, the common phrase goes “Content is King”, the validity of this saying is never to be tested.

Like your friends from Media, Content Marketing and Digital Marketing, there is no alternative to create your content and build your own trust.

Note – Bad content and plagiarism are a strict no-no.

Speak Often

Data Science is a relatively new stream, meetings, conferences, discussions are happening almost all the time around the world. Hence, keep yourself aware of these events and try to participate in them both as a speaker as well as a diligent and inquisitive audience.

Grow this habit and you will be amazed at assessing the popularity of yourself incredibly fast.

Be Inclined to Help

Knowledge is always ought to be shared. If you discover that you have an irrefutable knowledge of something and someone is asking for help in your domain of expertise, then extend your helping hands to them. This way you will simply be recognised all the way more.

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Hackathons

For computer geeks and coders, Hackathons speak volumes. You should also try and participate in more such hackathons which are widely occurring. This will not only help you test your knowledge and understanding but will push you further and even help you extend the contacts in your professional field.

The points that we have highlighted here should surely help you be more marketable as a Data Scientist. So, keep these in mind and watch your career take a flight!

 

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Python is the Leader in Data Science: Know Why

Python is the Leader in Data Science: Know Why

From being simple and effective to being updated and thereby, solving almost everything that the booming industry of Data Science of today can look up to, Python boasts of it all.

It’s not a shock that Python is finding its uses in an array of industries. It is, in fact, the language that the Data Scientists rely on. Thus, our tailored courses of Python Certification Training in Delhi would be helpful for all in this digital age.

Let’s see some more of the advantages for which Python stands distinguished among the other programming languages:

Handling Data without a Hassle

The field of Data Science is entrusted with the handling of incredibly large amounts of data which is found to be intricate to compute. However, with Python, it is now simpler than ever. Any of the other high-level programming languages would make it rather difficult and messy compared to the peerless Python, if we talk about analytical and quantitative computing.

Open Source Programming Language

Python is an open-source programming language. Wonder why this programming language is the most preferred still?

It truly opens a whole lot of opportunities that the language can build upon, being open-source in nature. Furthermore, there is not a single restriction regarding Python. Thus, you can be as creative as you wish on this programming language.

It is Powerful and Easy to Use

Python is an easy language right from the start for which it has become so popular. Any of the beginners with just the rudimentary knowledge can start fine with Python. Besides, once you are on with this programming language, you can start progressing with it day by day at your own pace.

The implementation of the code has a slower approach in the languages: Java, C and C#, but if you try Python, you would discover that it is fast to debug and effective to perform. The prompt results in coding would aid with an added boost in your work.

In the Library of Python

Python is an all-absorbing language that even supports the cutting edge technologies of Machine Learning and Artificial Intelligence. And on top of it, Python also offers its users a colossal database of libraries. Therefore, you can simply check in the libraries, import them and then implement all of them in your day to day coding.

It is Highly Scalable

In the parameter of scalability, Python superbly stands out. The programming languages: R and Java certainly falls short in this factor. Thus, with the ease of scalability and quicker turnaround times, data scientists and nearly all of the organisations exploring Data Science, are choosing Python over any other existing languages.

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It is Peerless in Visualisation and Graphics

As the smooth rendering of quality graphics and visualisation is the demand of the age, Python fits in quite comfortably here. With an exhaustive range of options for visualisation, which are simple and efficient, the world of Data Science is rooting for Python.

With all the benefits that you can reap, Python for data analysis is a must, if you want to be absorbed in the industry of Data Science.


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