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Citizen Data Scientists: Who Are They & What Makes Them Special?

Citizen Data Scientists: Who Are They & What Makes Them Special?

Companies across the globe are focusing their attention on data science to unlock the potentials of their data. But, what remains crucial is finding well trained data scientists for building such advanced systems.

Today, a lot many organizations are seeking citizen data scientists – though the notion isn’t something new, the practice is fairly picking up pace amongst the industries. Say thanks to a number of factors, including perpetual improvement in the quality of tools and difficulty in finding properly skilled data scientists!

Gartner, a top notch analyst firm has been promoting this virgin concept for the past few years. In 2014, the firm predicted that the total number of citizen data scientists would expand 5X faster than normal data scientists through 2017. Although we are not sure if the number forecasted panned out right but what we know is that the proliferating growth of citizen data scientists exceeded our expectations.

Recently, Gartner analyst Carlie Idoine explained a citizen data scientist is one who “creates or generates models that use advanced diagnostic analytics or predictive and prescriptive capabilities, but whose primary job function is outside the field of statistics and analytics.” They are also termed as “power users”, who’ve the ability to perform cutting edge analytical tasks that require added expertise. “They do not replace the experts, as they do not have the specific, advanced data science expertise to do so. But they certainly bring their OWN expertise and unique skills to the process,” she added.

Of late, citizen data scientists have become critical assets to an organization. They help businesses discover key big data insights and in the process are being asked to derive answers from data that’s not available from regular relational database. Obviously, data can’t be queried through SQL, either. As a result, citizen data scientists are found leveraging machine learning models that end up generating predictions from a large number of data types. No wonder, SQL always sounds effective, but Python statistical libraries and Jupyter notebooks helps you further.

 A majority of industries leverages SQL; it has been data’s lingua franca for years. The sheer knowledge of how to write a SQL query to unravel a quiver of answers out of relational databases still remains a crucial element of company’s data management system as a whole lot of business data of companies are stored in their relational databases. Nevertheless, advanced machine learning tools are widely gaining importance and acceptance.

A wide array of job titles regarding citizen data scientists exists in the real world, and some of them are mutation of business analyst job profile. Depending on an organization’s requirements, the need for experienced analysts and data scientists varies.

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DataRobot, a pioneering proprietary data science and machine learning automation platform developer is recently found helping citizen data scientists through the power of automation. “There’s a lot happening behind the scenes that folks don’t realize necessarily is happening,” Jen Underwood, a BI veteran and the recently hired DataRobot’s director of product marketing said. “When I was doing data science, I would run one algorithm at a time. ‘Ok let’s wait until it ends, see how it does, and try another, one at a time.’ [With DataRobot] a lot of the steps I was taking are now automated, in addition to running the algorithms concurrently and ranking them.”

To everyone’s knowledge, Big Data Analytics is progressing, capabilities that were once restricted within certain domains of professionals are now being accessible by a wider pool of interested parties. So, if you are interested in this new blooming field of opportunities, do take a look at our business analyst training courses in Gurgaon. They would surely help you in charting down a successful analyst career.

 

The blog has been sourced fromdatanami.com/2018/08/13/empowering-citizen-data-science

 

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#TimeToReboot: 10 Random, Fun Facts You Must Know About IT Industry

#TimeToReboot: 10 Random, Fun Facts You Must Know About IT Industry

Indian IT sector is expected to grow at a modest rate this fiscal year, which started from April – companies are expanding their scopes and building new capabilities or enhancing the older ones. Demand for digital services is showing spiked up trends. The good news is that the digital component industry is flourishing, faster than expected. It’s forming a bigger part of tech-induced future, and we’re all excited!!

On that positive note, here we’ve culled down a few fun facts about IT industry that are bound to intrigue your data-hungry heart and mind… Hope you’ll enjoy the read as much as I did while scampering through research materials to compile this post!

Let’s get started…

Email is actually older than the World Wide Web.

Our very own, Hewlett Packard started in a garage… In fact, several other top notch US digital natives, including Microsoft, Google and Apple had such humble beginnings.

Bill Gates’ own house was designed using a MAC PC, yes you heard that right!

The very first computer mouse was carved out of wood. Invented by Dough Engelbart, first-ever mouse wasn’t made of any plastic or metal of any kind, but plain, rustic WOOD.

The QWERTY keyboard, which we use now, is simple, easy to use and effective. But, did you know: DVORAK keyboard was proven to be at least 20X faster?

The original name of Windows OS was Interface Manager.

Do you think 1GigaByte is enough? Well, the first 1 GB hard drive made news in 1980 with a price tag of $40.000 and gross weight of 550 pounds.

Very first PC was known as ‘Simon’ from Berkley Enterprise. It was worth $300, which was quite an ostentatious amount back in the 1950s, the year when this PC was launched.

In 1950’s computers were called ‘Electronic Brains’.

1 out of 8 marriages in the US happened between couples who’ve met online. Wicked?

 

Feeling excited to know all these stuffs… Now, on serious note, in the days to come, the Indian IT industry is all set to transform itself with high velocity tools and technology, and if you want to play a significant role in this digital transformation, arm yourself with decent data-friendly skill or tool.

The deal turns sweeter if you hail from computer science background or have a knack to play with numbers. If such is the case, we have high end business analyst training courses in Gurgaon to suit your purpose and career aspiration – drop by DexLab Analytics, being a top of the line analytics training institute, they bring to you a smart concoction of knowledge, aptitude and expertise in the form of student-friendly curriculum. For more details, visit their site today.

 

The blog has been sourced from:

qarea.com/blog/facts-from-the-it-industry

forbesindia.com/article/leaderboard/indian-it-services-sector-time-for-a-reboot/49671/1

 

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How To Incorporate Embedded Analytics In Your Products or Applications?

How To Incorporate Embedded Analytics In Your Products or Applications?

The adept R&D team shares a common responsibility – devising incredible products and solutions.  Right from VPs and directors of development to DevOps and system engineers – every professional is well aware about their customer expectations.

In today’s data-driven industry, customers desire to collect information regarding product use, numerous status updates, number of times they engaged with the product and so on. In short, they need access to data that not only help unravel crucial insights but also makes the product fetching.

Definitely, you can create your very own analytics solution, but what if it takes so much time that your competitors outgo you? So, what next?

Embedding analytics into your product or application can be your thing for the day, but how to do it effortlessly?

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Collect Data from Various Sources

We are surrounded by IoT (Internet of Things) and IIoT (Industrial Internet of Things) revolution, where each connected device and sensor accumulates data and this collection and analysis of data is significant to customers. Teams need to sit together and discuss out options for creating an analytics overlay for the product, which will trigger a million questions – how can we get through it? Will our solution scale the growth of number of users? How can we go on improving our products? How do we keep up with all the developments happening in analytics?

Things to Consider While Embedding Analytics

“Start by looking for specific analytic applications that complement your ERP and BI platform investments. In the long term, review vendor capability to support reusable analytics artifacts (i.e., services) in a service-oriented architecture environment,” – says Gartner.

To this, we’ve listed a few functionalities waiting for your attention:

Data Access – How simple do you want your platform to be so as to integrate your data well across all sources and types?

Visualization – Does the platform you chose comprise widgets you need? If not, can you develop them using customization options?

Modeling – How much easier will it be to code for data preparation for user consumption?

Embeddability (iFrame, JS libraries, JavaScript) – Dashboards should be built in a way to suit your customer’s requirements either in mobiles or in web-based applications.

Extensibility (APIs, SDK, JavaScirpt) – No hard fact, for incorporating analytics workflow, solutions supporting API is the key. Otherwise, not getting extensibility will leave you tied to the same analytics platform and can cost you consulting fees and vendor-developed modifications.

Process integration – Generally, integration takes months – so find a vendor who is capable enough to integrate with your products in a week or two so that you remain focused on the benefits alone.

Security – Judge a vendor based on his security credentials – it’s one of the most crucial considerations to tick off your checklist.

As last thoughts, the consideration of these 7 functionalities is just the beginning of embedding analytics into your products or applications. To sail through, the most important thing to do is to choose a suitable vendor who will grow and start thinking of you as a partner and not just any customer. Let him offer you quick, easy and seamless integration, and you solely focus on your customer needs and preferences, and for this, they will LOVE YOU for sure!

If you are still confused about embedded analytics or related concept, let career-building business analyst training courses in Noida help you! For more information on business analyst training delhi, drop by DexLab Analytics.

 

This blog has been sourced from – https://www.sisense.com/blog/going-embedded-pillar-analytics-success

 

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Transforming Society with Blockchain and Its Potential Applications Worldwide

Transforming Society with Blockchain and Its Potential Applications Worldwide

According to Google Search, ‘blockchain’ is defined as “a digital ledger in which transactions made in bitcoin or in other cryptocurrency is recorded chronologically and publicly.”

Speaking in a way of cryptocurrency, a block is a record of new transactions that could mean the actual location of cryptocurrency. Once each block has completed its transaction, it’s added to the chain, creating a chain of blocks known as blockchain.

Suppose a Google spreadsheet is shared by each and every computer which is connected to the internet in this world. When a transaction happens, it will be recorded in a row of this spreadsheet. Just like a spreadsheet has rows, Blockchain consists of Blocks for each transaction.

Whoever has access to a computer or mobile can connect to the internet and can have access to the spreadsheet and add a transaction, but the spreadsheet doesn’t permit anyone to edit the information which is already available. No third party can interfere into its transactions, therefore saves time and conflict.

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Types of Blockchains:

  • Open and permission-less: Public and permissionless blockchains look like bitcoin, the first blockchain. All exchanges in these blockchains are open and no authorizations are required to join these circulated elements.
  • Private and permission: These blockchains are constrained to assigned individuals, exchanges are private, and authorization from a proprietor or supervisor substance is required to join this system. These are frequently utilized by private consortia to oversee industry esteem chain openings.
  • Hybrid blockchains: An extra region is a developing idea of sidechain, which takes into consideration distinctive blockchains (open or private) to speak with each other, empowering exchanges between members crosswise over blockchain systems.

Various Applications Of Blockchain Are As Follows:

a) Smart Contracts:

Smart Contracts eases the way we exchange money, property, shares and avoids third person/party conflicts. Smart keys access can only be permitted to the authorized party. Basically, computers are given the command to control the contracts and to release or hold the funds by giving the keys to the permitted persons.

For example, if I want to rent an office space from you, we can do this in blockchain using cryptocurrency.  You will get a receipt which is saved in the virtual contract and I will get the digital entry key which will reach me by a specified date. If you send the key before the specified date, the function holds it and releases both receipt and the key when the date arrives.

If I receive the key I surely should pay you. And this contract will be canceled when the time gets complete, and it cannot interfere as all the participants will be alerted. The Smart contracts can be used for insurance premiums, financial derivatives, financial services, legal processes etc.

b) Digital Identity:

The future of blockchain will be blooming in the coming years. Blockchain technologies make both managing and tracking digital identities reliable and systematic, resulting in easy registering and minimizing fraud.

Be it national security, citizenship documentation, banking, online retailing or healthcare, identity authentication and authorization is a process entangled in between commerce and culture, worldwide.  Introducing blockchain into identity-based mechanisms can really bring captivating solutions to the security problems we have online.

Blockchain technology is known to offer a solution to many digital identity issues, where identity can be uniquely validated in an undeniable, unchangeable, and secured manner.

Present-day methods involve problematic password-based systems of known secrets which are exchanged and stored on insecure computer systems. Blockchain-based certified systems are actually built on undeniable identity verification for using digital signatures based on the public key related cryptography.

In blockchain identity confirmation, the only check that is performed is to know if the transaction was signed by the authorized private key. It is implied to whoever has access to the private key is the owner and the exact identity of the owner is deemed unrelated.

c) Insurance:

Claims dealing can be disappointing and unrewarding. Insurance agents need to go through deceitful cases and deserted approaches, or divided information sources for clients to express a few – and process these documents manually. Space for mistake is enormous. The blockchain gives an ultimate framework for hazard-free administration and clarity. Its encryption properties enable insurers to represent the ownership to be protected.

“This will be the toughest on the portions of the industry that are least differentiated, where consumers often decide based on price: auto, life, and homeowner’s insurance.” — Harvard Business Review

d) Supply-Chain Communications and Proof-of-Provenance:

The majority of the things we purchase aren’t made by a single organization, yet by a chain of providers who offer their ingredients (e.g., graphite for pencils) to an organization that gathers and markets the final commodity. On the off chance that any of those commodities flops, in any case, the brand takes the brunt of the backfire — it holds most of the duty regarding its supply chain network.

However, consider the possibility that an organization could proactively give carefully perpetual, auditable records that show stakeholders the condition of the item at each esteem included process.

This is not a little task: The worldwide supply chain network is evaluated to be worth $40 trillion; and from a business-process point of view, it’s a fabulously incapable chaos. As a related issue, blockchain can be utilized to track diamonds, creative skill, real estate, and practically any other resources.

e) Music Industry:

While music lovers have hailed digitization as the popular government of the music business, 15.7 billion dollar music industry is confusingly continuing as before. Music piracy through unlawfully downloaded, duplicated and shared content eats into the artist’s sovereignties and music labels’ income. Added to this, is the absence of a vigorous rights administration framework, which prompts loss of income to the artist.

Also, the income, when it really achieves the artist, can take up to two years! Another region of concern is unpaid sovereignties, which are frequently suspended in different stages because of missing data or rights possession. There is additionally an absence of access to continuous advanced sales information, which if accessible can be utilized to strategize advertising efforts more successfully.

These very zones are the place Blockchain can have stunning effects. As a publically accessible and decentralized database that is distributed over the web, Blockchain keeps up lasting and undeletable records in cryptographic format. Exchanges happen over a peer to peer system and are figured, confirmed and recorded utilizing a computerized agreement strategy, disposing of the requirement for an intermediator or outsider to oversee or control data.

The very engineering of Blockchain being unchanging, dispersed and distributed conveys enormous potential to manage the present troubles influencing the music business.

An essential region in which Blockchain can bring out positive change is in the formation of a digital rights database. Digital rights articulation is one of the basic issues distressing the present music industry. Recognizing copyright of a melody and characterizing how sovereignties ought to be part of musicians, entertainers, distributors, and makers are troublesome in digital space. Regularly artists miss out on sovereignties because of complicated copyright condition.

Blockchain’s changeless distributed ledger framework, which guarantees that no single organization can assert proprietorship, ensures an ideal arrangement. Secure documents with all applicable data, for example, structure, versus, straight notes, cover craftsmanship, permitting, and so on, can be encoded onto the Blockchain making a changeless and inerasable record.

f) Government and Public records:

The administration of public services is yet another region, where blockchain can help diminish paper-based procedures, limit fraud, and increment responsibility amongst specialists and those they serve.

Some US states are volunteering to understand the advantages of blockchain: the Delaware Blockchain Initiative propelled in 2016, expects to make a proper legitimate foundation for distributed ledger shares to increase productivity and speed of consolidation administrations.

Illinois, Vermont, and different states have since reported comparative activities. Startup companies are sponsoring in the effort also: in Eastern Europe, the BitFury Group is presently working with the Georgian government to secure and track government records.

Conclusion:

This article focused on the blockchain and its applications in various industries explains challenges and potentials and how people can secure their information digitally without any issues and increasing their ability. As these applications are still under development and yet to be untangled in the future, blockchain could become a powerful tool conducting fair trade, improving business and supporting the society.

To never miss a beat of technology related news and feeds – follow DexLab Analytics. We are a team of experts offering state of the art business analyst training courses in Gurgaon. Not only that, we provide a plethora of machine learning and Hadoop courses too for all the data-hungry candidates. So, drop by and quench your thirst for data from us!

About the Author:

K.Maneesha is an SEO Developer At Mindmajix.com. She holds a masters degree in Marketing from Alliance University, Bangalore. Maneesha is a dog-lover and enjoys traveling with friends on trips. You can reach her at manisha.m4353@gmail.com. Her LinkedIn profile Maneesha Kakulapati.

 

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Business Intelligence Software in the Key for an Organization to Gain Competitive Advantage

Business Intelligence, or BI, is crucial for organizations as strategic planning is heavily dependent on BI. BI tools are multi-purpose and used for indicating progress towards business goals, quantitatively analyzing data, distribution of data and developing customer insights.

Advanced computer technologies are applied in Business Intelligence to discover relevant business data and then analyze it. It not only spots current trends in data, but is also able to develop historical views and future predictions. This helps decision-makers to comprehend business information properly and develop strategies that will steer their organization forward.

BI tools transform raw business information into valuable data that increase revenue for organizations. The global business economy is completely data driven. Companies without BI software will be jeopardizing their success. It is time to shed the belief that BI software is superfluous. Rather, it is a necessity.

Here is a list of 10 important things that BI solutions can help your organization achieve. After reading these you will be convinced that BI is vital in taking your business forward.

  1. Provide speedy and competent information for your business

Nowadays, there isn’t much time to ponder over data sheets and then come to a conclusion. Decisions have to be taken on the spot. Valuable information doesn’t include business data alone, but also what the data implies for your business. BI gives you a competitive lead as it provides valuable information with the push of a button.

  1. Provide KPIs that boost the performance of your business.

Business Intelligence software provides KPIs (Key Performance Indicators), which are metrics aligned with your business strategies. Thus, businesses can make decisions based on solid facts instead of intuition. This makes business proceedings more efficient.

  1. Employees have data-power

BI solutions help employees to make informed decisions backed by relevant data. Access to information across all levels ensures company-wide integration of data. This helps employees nurture their skills. A competitive workforce will help a company gain global recognition.

  1. Determine the factors that generate revenue for your business

Business intelligence is able to determine where and how potential customers consume data, how to convert them to paying customers, and chalk out an appropriate plan that will help increase revenue for your business.

  1. Avoid blockages in markets

There are many BI applications that can be incorporated with accounting software. Business intelligence provides information about the real health of an organization, which cannot be determined from a profit and loss sheet. BI includes predictive features that help avoid blockages in markets and determine the right time for important decisions, like hiring new employees. Easy-to understand dashboards enable decision-makers to stay informed.

  1. Create an efficient business model

As explained by Jeremy Levi, Director of Marketing, MarsWellness.com, ‘’ Why is BI more important than ever? In one word: oversaturation. The internet and the continued growth of e-commerce have saturated every market…For business owners, this means making smart decisions and trying to know where to put your marketing dollars and where to invest in infrastructure. Business intelligence lets you do that, and without it, you’re simply fumbling around for the light switch in the dark.”

  1. Improved customer insights

In the absence of BI tools, one can spend hours trying to make sense out of previous reports without coming to a satisfactory conclusion. It is crucial for businesses to meet customer demands. BI tools help map patterns in customer behavior so businesses can prioritize loyal customers and improve customer satisfaction.

  1. Helps save money

BI tools help spot areas in your business where costs can be minimized. For example, there is unnecessary spending occurring in the supply chain. BI can identify whether it is inefficient acquisition or maintenance that is translating to increased costs. Thus, it enables businesses to take the necessary actions to cut costs.

  1. Improve efficiency of workers

Business intelligence solutions can monitor the output of members and functioning of teams. These help improve efficiency of the workers and streamline the business processes.

  1. Protects businesses from cyber threats

Cyber crimes like data breaches and malware attacks are very common. Cyber security has become the need of the hour. Businesses should invest in BI solutions equipped with security tools that help protect their valuable data from hackers and other cyber attacks.

Businesses will progress rapidly through the use of smart BI solutions. Organizations small or big, can use BI tools in a variety of areas, starting from budgets to building relationship with customers.

If you want to empower your business through BI then enroll yourself for the Tableau BI certification course at DexLab Analytics, Delhi. DexLab is a premium institute providing business analysis training in Delhi.

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5 Expected Changes You Are Going to Witness Once You Move to SaaS

Moving to the cloud takes time. One of our friends started with Salesforce in 2009, after 5 years they introduced G Suite (widely known as Google Apps during that time) and it’s now in 2017 that they have adopted a fully cloud-based electronic health record facility. It took 10 years for an organization to resort to a handful number of installed applications for smooth handling of specialized tasks.

5 Expected Changes You Are Going to Witness Once You Move to SaaS

Nevertheless, their shift to Software-as-a-Service (SaaS) has had an impact on IT spending. Though the expenditure varies from company to company, every organization must have experienced these 5 changes highlighted below:

 

Let’s Take Your Data Dreams to the Next Level

Better networks

Unsurprisingly, people need and expect faster internet speed these days. Even small businesses have connections that deliver 250Mbps down and 75Mbps (or more) up. An interesting switch is being observed in infrastructure. Today, more or less any medium-organization boasts of 802.11n or 802.11ac WIFI networks, which was unimaginable even few years ago. Deploying wireless mesh devices has become the order of the day now.

Lesser computer upgrades

There was a time, when we used to think that we have to replace our computers every three or five years. In several cases, we had even planned to make a few upgrades to the hardware to keep them running (RAM and hard-drive replacement was a common thought).

But in reality, organizations seldom have to replace parts. In most offices, five year old desktops perform perfectly in delivering the right results. This means definitely days of upgrades are over, all that matters is a faster internet speed and robust app development.

 

More usage of “plug-in and use” systems

More and more companies are seeking so-called “sealed” systems. Though some big companies still go on deploying standardized drive images, but increasingly organizations are found picking off-the-shelf sealed devices, like all-in-one desktops and non-use-configurable laptops.

 

As organizations are moving towards SaaS, Chromebooks are becoming increasingly famous. In fact, more than 20% of the team mentioned in the beginning of the blog uses a Chromebook as their primary work device.

Longer life for devices

Devices, like desktops and laptops that have embraced SaaS seem to have a longer lifecycle. As SaaS mostly depends on browser and network performance, the need for replacing devices has decreased to a great extent. Systems work totally until the device fails to perform or no longer in a position to receive any updates. Also, with SaaS, crucial data don’t remain solely on the device, hence if a system fails, little seems to be lost.

Considerable attention to the peripherals

Peripherals are intimidating. A large number of conventional desktop units have a scanner, printer and copier devices that are supported by a locally installed Windows software or server. Organizations can easily find alternatives of these devices, but it will take some time and effort as well. Few applications and sectors still suffer from minor or significant glitches, but over time, we hope peripherals and accessories will start showing signs of improvements.

 

What changes have you noticed in cloud computing and storage? How do you think the landscape of IT has changed over the past decade?

 

 

To better understand the intricacies of cloud computing and data storage, opt for business analytics course in Delhi from DexLab Analytics. They offer excellent analyst courses in Delhi at really affordable prices. Check out the course itinerary today!

 

The article has been sourced from – https://www.techrepublic.com/article/5-changes-companies-will-see-after-moving-to-saas

 

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How India is driving towards Data Governance

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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Quantum Computing Going Commercial: IBM and Google Leading the Trail

Quantum computing is all set to make a debut in the commercial world – tech bigwigs, like IBM and Google are making an attempt to commercialize quantum computing. Julian Kelly, a top notch research scientist at Google’s Quantum AI Lab announced with a joint collaboration with Bristlecone, a quantum processor that offers a testbed for various research activities on quantum technology and machine learning, quantum supremacy can be achieved and this could be a great stepping stone for building larger scale quantum computers.

QUANTUM COMPUTING GOING COMMERCIAL: IBM AND GOOGLE LEADING THE TRAIL

After Google, IBM is also making significant progress in commercializing quantum computing technology by taking it to the cloud in 2016 with a 5 qubit quantum computer. Also, last year, November they raised the bar by declaring that they are going to launch third generation quantum computer equipped with a 50 quibit prototype, but they were not sure if it will be launched on commercial platforms, as well. However, they created another 20 qubit system available on its cloud computing platform.

Reasons Behind Making Quantum Computing Commercialized:

Might lead to fourth industrial revolution

Quantum computing has seeped in to an engineering development phase from just a mere theoretical research – with significant technological power and constant R&D efforts it can develop the ability to trigger a fourth industrial revolution.

Beyond classic computing technology

Areas where conventional computers fail to work, quantum computing will instill a profound impact – such as in industrial processes where innovative steps in machine learning or novel cryptography are involved.

Higher revenue

Revenues from quantum computing are expected to increase from US$1.9 billion in 2023 to US$8.0 billion by 2027 – as forecasted by Communications Industry Researchers (CIR).

Market expansion

The scopes of quantum computing have broadened beyond expectations – it has expanded to drug discovery, health care, power and energy, financial services and aerospace industry.

From cloud to on-premise quantum technology

To incorporate quantum computing into the heart of the business operations’ computing strategy, the companies are contemplating to add a new stream of revenue by implementing quantum computing via cloud. In the future, it’s expected to see a rise in on-premise quantum computing – because the technology is already gaining a lot of accolades.

Better growth forecasts

In the current scenario, the quantum enterprise market is still at a nascent stage with a large user base in the R&D space. But by 2024, it has been forecasted that this share would be somewhere around 30% and the powerful revenue drivers will be industries, like defense, banking, aerospace, pharmaceutical and chemical.

IBM or Google? Who is a clear winner?

In the race to win quantum supremacy, IBM is a sure winner and has made stunning progress in this arena, even though it is receiving stiff competition by Google recently. Google’s new quantum processor Bristlecone has the ability to become a “compelling proof-of-principle for building larger scale quantum computers”. For this, Julian Kelly suggested, “operating a device such as Bristlecone at low system error requires harmony between a full stack of technology ranging from software and control electronics to the processor itself. Getting this right requires careful systems engineering over several iterations.”

 

As last notes, quantum computing has come out from being a fundamental scientific research to a structural engineering concept. Follow a full-stack approach, coupled with rapid testing and innovative practices and establish winning control over this future tool of success.

In this endeavor, DexLab Analytics can for sure be of help! Their business analytics certification online courses are mindblowing. They also offer machine learning using python courses and market risk training – all of them are student-friendly and prepared after thorough research and fact-finding.

 

The article has been sourced from – https://analyticsindiamag.com/why-are-big-tech-giants-like-google-ibm-rushing-to-commercialize-quantum-computing

 

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