Retailers need to know their customers well – who they are, what stuffs they like to buy, how they would pay and what they think about the product or service. The best part is that there’s an ocean of data now available to fill in the gaps. Every time a customer visits the store, a long trail of customer data churns out for the retailers to explore.
With the help of this data, the retailers improve sales figures, customer service and interaction and their product offerings. Leveraging data is crucial. According to Gartner, retailers seek advanced analytic capabilities to shine bright in this age of digitized market solutions.
Continue reading “Data to Fill in the Gaps: Using Data Analytics to Seek Retail Advantage”
Of late, Microsoft- the tech mogul, like Google and IBM has deciphered massive potentials in launching quantum computing to eradicate the world’s biggest problems. Researchers at IBM, Intel and others are on an amazing scientific rat race to develop a commercially viable super quantum computer. Though they exist in laboratories, bringing it into the real world is going to be an altogether different endeavor.
Understanding the concept of the quantum computer
The concept of quantum computer is somewhat different and is not based on the use of binary logic. According to its nature, a quantum computer is a simple yes/no/both device – where a programmer doesn’t have to choose between options, he is free to make all the choices in the world and that makes all the difference in the world.
Continue reading “Here’s All You Need to Know about Quantum Computing and Its Future”
With data analytics flourishing the manner it is, a lot of you hailing from IT background are sincerely thinking about making the remarkable switch from IT to Analytics. The skills you possess are transferable and the data structure fascinates you. You know very well, you will make more money in analytics and your career pathway will seek you great rewards. Yet something is stopping you from going!!!
What it is? Why are you feeling apprehensive to make the bold move that could change your life and career forever?
Continue reading “How to Take the Plunge from IT to Analytics: Explained”
We are happy to announce that our honorable Program Director, Tanmoy Ganguli’s couple of research papers titled: The Global Financial Crisis, Sensex and Stock Market Bubbles: A tale re-told and The Modelling of Allowances for Loans and Lease Losses During Stock Market Bubbles got selected for presentation at the 12th Annual Conference of IFIM Business School, Bangalore. No wonder, we the entire team at DexLab Analytics is feeling ecstatic and why not we have all the reasons in the world!!
Both the research papers are written and crafted by Tanmoy Ganguli, who has great expertise and fulfilling knowledge in the field of Credit Risk Modeling, SAS and Regression Models. Before setting his foot in the world of analytics, he worked as an assistant professor at a reputable college in Kolkata, hence happened to gain a lot of experience in teaching and managing students. His papers are intensely well-researched and hence got selected for presentation at Convergence 2017, which took place on 15th and 16th September 2017 at IFIM Business School, Bangalore. The theme of the event was Management 2022: Growth and Sustainability Challenges.
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Data is the new oil – processing it into actionable intelligence is the only way of leveraging its potentials to the fullest. On this note, CIOs are courting predictive analytics tools, curating machine learning algorithms and battle-testing cutting-edge solutions to amp up business efficiencies and devise better ways to fulfill customer needs.
For robust technological growth, CIOs are investing more than ever on newer tools and systems that supports data science. Going by the research statistics of IDC, worldwide revenues in the field of big data and data analytics are expected to soar high above $150.8 billion in 2017, an increase of 12.4%over 2016. Also, commercial purchases of software, hardware and services in pursuit of boosting big data and business analytics are expected to cross $210 billion.
Continue reading “3 Data Analytics Success Stories – to Keep the Bells On”
Today, businesses are in a rat race to derive relevant intuition and make best use of their data. Several notable organizations are skimming with cutting edge data science terms and resolving intricate problems (some being more successful than others).
However, the crux lies in determining the present stage of data science your organization has embraced, followed by ascertainment of the desired level of data science.
Continue reading “3 Stages of a Reliable Data Science Solution to Attack Business Problems”
In this blog post, we will discuss on the approach we can follow to provide an actionable analytics. Doing actionable analytics is not easier said than done. It requires a focused analytical process. Here we will outline the three important phase or levers that can improve the process of delivering actionable analytics. The three phases can help you to improve the financial aspects of the business by doing actionable analytics.
For example, if we are delivering actionable analytics for the marketing function. In each phase we will identify some critical characteristics or parameters that are going to influence the financial value directly or indirectly.
Continue reading “Approach – Actionable Analytics”