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Category: Data Scientists

Data Aspirants, Consider These 4 Career Options & Jazz-up Number Games!

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Data Aspirants, Consider These 4 Career Options & Jazz-up Number Games!

Is crunching numbers your favorite hobby?

Are you interested in deciphering how many people use smartphones, regularly?

Do you feel fascinated by the way businesses use data to frame decisions?

If yes, then you are at the right place – a career, where you could leverage this inquisitiveness and knack for numbers is just carved for you. Not necessarily it has to be data science career option, but we’ve charted down top 5 career choices for the data curious you!

Data Scientist

Tagged as the sexiest job of 21st century, data scientist jobs are irresistible. First of all, the field of data science is expanding steadfastly – IBM prediction says the demand for data scientists will increase by 28% by the end of 2020. This brings good news for job seekers, who are on toes to enter the fascinating world of data science, where the salaries are pumping up – already they have touched six figures.

The main objective of data scientists is to collect meaningful data to help businesses formulate strategic decisions. Cleaning up and structuring the data is of primary importance – followed by cutting edge tool implementation, such as algorithms, statistical models and deep learning structures – all of them aids in extracting insights out of relevant data.

Statistician

Other than data geeks, very few love the very idea of becoming a statistician. But for guys who love churning data, the role of statistician is the most fascinating in the world. They help solve the toughest problem with data, while finding and providing answers to crucial questions.

Statisticians’ aptitude for numbers knows no bounds – and the range of projects on which they work is diverse. From ascertaining unemployment rates to nabbing the discerning the effectiveness of prescription drugs to calculating the number of endangered animals living in a given area – from designing the strategies for data collection to nabbing the latest trends, statisticians need to juggle between a lot of tasks, and solve crucial problems.

Computer Scientist

The computers are lifeline of today’s businesses – so jobs related to computing power is selling like hot cakes. The field of computer science is encompassing – nerds in love with data can discover a treasure trove of career options under this umbrella term. If you are a true blue crime buff, choose computer forensics as your leading career option. Or else, are you a major computer game aficionado? Then aspire to become a game developer or architect.

 Today, software developers and architects are witnessing surging demand, and most of the jobs in this technology domain help draw salaries over $100000 annually. So, what you waiting for?!

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Database Administrator

Data is next to oil; of late, it’s been treated as a valuable resource. Thus, we should look for ways to keep it safe and well-protected. Database administrators are ideal for this defensive job. They not only toil to set up fortified databases but also are responsible for maintenance, model up-keeping and implementing security measures. Undeniably, it’s one of the most challenging jobs in the world of data but at the same time, it’s also the most rewarding one – at present, it ranks as the world’s #7 best technology job, according to a notable US tabloid.

Done reading? Now, data-lovers, when are you taking the next step to turn your avocation into your vocation? Pretty soon, right!

Quick Note: DexLab Analytics is offering state of the art Data Science Courses at affordable prices. For more details on Data Science Certification, visit the official page today.

 

The blog has been sourced from – dataconomy.com/2018/06/five-careers-to-consider-for-data-enthusiasts

 

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How Blockchain Technology is Transforming these Four Popular Industries

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How Blockchain Technology is Transforming these Four Popular Industries

Blockchain technology is the next big thing. It is defying industry norms and altering the manner in which industries implement new projects. The decentralized nature of blockchain technology is the key to its success. Blockchain is transforming every organization through its secure and decentralized protocols, protected peer-to peer applications, and a new approach towards distributed management.

Here are some everyday industries that blockchain technology is revamping.

  • Finance:

There are all kinds of opinions regarding how cryptocurrency is impacting macroeconomics pertaining to the financial sector. The rapidly increasing demand for Bitcoin signals a flourishing future for cryptocurrency. In 2017, ICOs (Initial Coin Offerings), which are means of crowd funding centered on cryptocurrency, raised more money than venture capital investments. Cryptocurrencies, like Bitcoin, Ethereum and Ripple are improving their speed for processing transaction fees, and will be able to contend with speed of transaction for credit card companies in the near future. Bitcoin permits people to transfer money across borders instantaneously and at low costs. Many banks, such as Barclays, are set to use blockchain technology to facilitate speedier business procedures.

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  • Cloud Computing:

The evolution of cloud has outmoded hard drives, which was the popular choice for transferring files from one computer to another, even a few years ago. Blockchain-based companies, like Akash, want to seize this opportunity and create an open market place where cloud computing costs are determined by demand and supply, instead of centralized, fixed prices. Most large-scale data centers depend on idle computing power. Akash Network makes idle server capacity available for cloud deployments. This system enables users to ‘’rent’’ idle computing power and providers to generate revenue from their idle power. Developers specify their deployment conditions in a file that is posted on the Akash blockchain. Providers capable of fulfilling these conditions bid on it. Low bid wins; after this parties go off chain to allocate workload in Docker containers. Akash tokens are then transferred from tenant‘s wallet to provider’s wallet.

  • Online Gaming:

The online sports industry is embracing the blockchain technology. An increasing number of developers in the world of e-Sports are employing blockchain technology and cryptocurrencies. Leading fantasy sport companies, like MyDFS, permit their users to create virtual arrays of real players and obtain winnings through tokens. In-app purchase is the newest monetization model for Smartphone app games. Blockchain technology is also advantageous for e-Sports betting platforms. The tech constructs a secure environment for low fee betting that is free from the control of a central party.

  • Decentralized Governance:

One of the most famed features of blockchain is decentralization. The thought of decentralized, autonomous organizations is no doubt very fascinating, but they are very difficult to establish. A hierarchical structure, where one person or group tends to dominate, is very natural. However, new and advanced frameworks are facilitating decentralized platforms to function effectively. An example of such a framework is DAOstack, which is striving to build a platform that enables collectives to self-organize around similar goals and interests. It is a platform that authorizes emerging organizations to select suitable governance model that will work for them and execute the same through DAOstack’s technological protocol. DAOstack’s founding principle is collaboration- it aims to provide a setting where goals of individuals can work in harmony with goals of a group.

The ‘’blockchain boom’’ is driving breakthroughs for a range of industries. This is just the beginning, though. As this tech evolves, it will enable rapid progress across every industry.

To read more blogs on emerging technologies, follow DexLab Analytics; it is a premier institute providing data science certification courses in Delhi. Do take a look their data analytics certification courses.

 

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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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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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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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5 Ways to Grab the Hottest Job in Town

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Even though it’s expected that the unemployment rate will follow a steep decline, yet finding the right job can still be challenging enough. On the other hand, hiring the right candidate is also an equally difficult task.

 
5 Ways to Grab the Hottest Job in Town
 

At times, it may seem your job search not working. You are sending resume after resume for matching job positions, but nothing fruitful is coming out. Then you start giving it a thought, why is this happening? How come, others are getting new gigs and you are stuck in the same mundane job or still looking for one!

 

In some cases, you might need to learn new skills or receive any particular kind of training, but in a majority of cases there are plenty of normal things that you can do to boost your candidacy. Some are right here, please take a look:

 

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Make your LinkedIn Profile attractive as much as possible

Internet is everything now. Probably, you have been busy devoting a lot of time on building a powerful resume, but instead you should create a good, powerful LinkedIn profile with updated information. Having an optimized profile helps you gain the interest of notable recruiters who are in search for people like you. Include a summary, a headline, a photo and specializations, so that it pleases anyone who visits your profile.

Be a complete standout

A promising candidate should have all the attributes of being competent, adaptable, flexible, collaborative and influential. Flexibility is the key to success and a fuller career.

Do your homework before interview

Culture fit is essential.  A certain skillset can be taught, but the zeal to do homework on the company you are going for an interview cannot be taught. That you have to develop on your own. Recruiters appreciate people who do homework on the respective company and frame answers about how they can be an asset to the company. It’s always advisable to do your homework. Applicants whose answers are down to earth, authentic and show passion stands out in any interview.

Go get a personal website

The best way to impress your employers or recruiters is by having a personal website – with just one URL, you can allow hiring managers derive a whole lot of information about yourself and your work. And if you are looking forward to change your career path, you can flaunt your new passion in a great way on your personal platform.

Tap into your network

Every company receives a lot of internal referrals for recruiting and some of them are quite successful. Through this procedure, they make it sure that they find the right candidates for designated job positions. Hence, networking matters – let your network know what kind of job you are looking for. You never know which conversation will lead you where – because here every interaction is seen as an opportunity. So, just don’t waste it in vain.

 


 

Today, jobs in the field of data science and big data are flourishing. More and more interested candidates are getting trained to join the bandwagon of data analytics. DexLab Analytics is a premium data science learning platform that offers in-depth training on all major data related in-demand courses. Their data science training online is excellent. Get all the details from the website.

 

Interested in a career in Data Analyst?

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How AI Is Going To Change the Marketplace: Top 6 Trends to Fix Your Eyes in 2018

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According to a recently published report from McKinsey – “Alphabet invested roughly $30 billion in developing AI technologies, and Baidu, which is the Chinese equivalent of Alphabet, invested $20 billion in AI last year.”

How-AI-Is-Going-To-Change-the-Marketplace

Not only companies, but reports suggest Chinese government is pursuing AI technology relentlessly in an attempt to drive the AI innovation, singlehandedly.

Continue reading “How AI Is Going To Change the Marketplace: Top 6 Trends to Fix Your Eyes in 2018”

Master These Piping Hot Data Analytics Techniques and Stay Ahead of the Curve [Video]

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Big Data, Business Intelligence, Data Science – the digital revolution is here, and it’s evolving steadfastly.

 
Master These Piping Hot Data Analytics Techniques and Stay Ahead of the Curve [Video]
 

Soon, data analytics is becoming the life-source of IT. The range of technologies is varied, and the way data is expanding, we are fast moving towards a juncture where analysis of vast volumes of data will be done in a jiffy.

Continue reading “Master These Piping Hot Data Analytics Techniques and Stay Ahead of the Curve [Video]”

Discover the Best Industries to Have a Career in Data Science

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Discover-the-Best-Industries-to-Have-a-Career-in-Data-Science

Data fires up everything, nowadays. And data science is gaining exceptional traction in the job world, as data analytics, machine learning, big data, and data mining are fetching relevance in the mainstream tech world. By 2025, it is being expected that data science industry will reach $16 billion in value – this is why landing a job in data science domain is the next big thing!

The skills you will imbibe as a data scientist would be incredible, powerful and extremely valuable. You can easily a bag a dream job in corporate moguls, like Coca-Cola, Uber, Ford Motors and IBM, as well as play a significant role in any pro-social or philanthropic endeavors to make this world a better place to live in.

Check out these extremely interesting fields you could start your career in data science:

Biotechnology

No wonder, science and medicine are intricately related to each other. As the technology pushes boundaries, more and more companies are recommitting themselves towards a better public health by nabbing biotechnology. Being a data scientist, you would help in unraveling newer ways of studying large amounts of data – including machine learning, semantic and interactive technologies. Eventually, they would influence treatments, drugs-usage, testing procedures and much more.

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Energy

Power industry functions on data – and tons of it. Whether it’s about extracting mineral wealth from the earth’s crust or transporting crude oil or planning better storage facilities, the demand for data scientists is on the rise. Just as expanding oil fields ask for humongous amounts of data study, installing and refining cleaner energy production facilities relies on data about the natural environment and ways of modern construction. Data scientists are often given a ring to enhance safety standards and help companies recommit themselves towards better safety and environmental regulations.

Transportation

Recently, transportation is undergoing a robust change. For example, Tesla paved a new road of development and turned countless heads by unveiling a long-haul truck that could drive on its own. Though it’s not the first time, they are prone to lead the change.

Beyond self-driving vehicle technology, the transportation industry is looking for more efficient ways to preserve and transport energy. These advancements in technology works wonders when combined with better battery technology development – in simple terms, every individual field in transportation industry is believed to benefit from a motley team of data scientists.

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Telecommunications

The internet is not only about tubes, but all about data. The future of the internet is here, with ever-increasing networks of satellites and user devices establishing communication through blockchain. Though they are yet to be used on large-scale, they have started making news. In situations like this, it would be difficult not to highlight the importance of data science and data architecture as they are becoming major influencers in the internet world. Whenever there is a dire need to make the public aware of a new product, we rely on user data – hence the role of data scientists is the key to a better future.

Today, data science is an interesting field to explore, and it is going to play an integral role as the stride in technology and globalization keeps expanding its base. If you have a keen eye for numbers, charts, patterns and analytics, this niche is perfectly suitable for you.

DexLab Analytics is a prime Data Science training institute Delhi that excels in offering advanced business analyst training courses in Gurgaon. Visit our official site for more information and make a mark in data analytics!

 

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