Blog

How to Use Data To Improve Business Performance

If you are an avid reader of business-related articles, you must have noticed a pattern: everyone talks about the importance of data to run a modern – day business. Data analysis is nothing new; even companies in the past relied on various patterns and conclusions they came up with when examining collected data on their…
Read more

K-means Clustering? Think first day of highschool.

It’s your first day at a new highschool. You enter the building and you’re excited, nervous, more importantly, alone. You’re just one example of many students who are feeling exactly the same. A couple of days in, you start having your first mini side talks here and there. You begin to test the water with…
Read more

Reinforcement Learning in Today’s World

Introduction Reinforcement Learning is said to be the hope of Data science and artificial intelligence. And it is rightly said so, because the potential that Reinforcement Learning possesses is immense.Reinforcement Learning is growing rapidly, producing wide variety of learning algorithms for different applications. What is Reinforcement Learning? Reinforcement learning is the training of machine learning…
Read more

Computing Baseline in Retail: Data Science Perspective

Retail Analytics is becoming major contributor to data science domain since evolution of e-commerce. Many E-commerce giants like Amazon,  Flipkart deal with promotional activities to expand their business. With people driven market, promotion effectiveness is a means by which retailer’s get to know how good/bad are their products are performing. Computing Lift is one such…
Read more

Machine Learning

Machine learning is allowing predictive models to generate predicted values for unknown outcomes, without machine learning people would have to have experience in a certain field to predict an outcome. A doctor would have to treat a lot of patients[data size] with one or more symptoms[variables] in order to accurately predict the patients outcome with…
Read more

Data Democratization

Brief Introduction, Definition, Pros & Cons, Conclusion Image Source: http://bit.ly/32yyUFx Intoday’s world, every business is bombarded with data from each and every angle possible. There always remains a constant pressure to use various insights we garner from the data to improvise on our business performance. Hence, the incredible amount of the usage of the processed data…
Read more

Data Democratization : Pros and Cons Analysis

Hello to all data nerds out here! In this post, I am going to discuss about the most debated term,”Data Democratization”, and analyse the pros and cons that come along with it. First of all, we must understand what democratizing data actually means. In very simple terms, it suggests that digital data and information must…
Read more

What are some pros and cons of data democratization?

What is Data Democratization? Data is essential for organizations that are looking to maintain a competitive edge enabling them to pinpoint potentially profitable areas that they may have been missing for a long time: to drive down costs and to make decisions based on fact and not the fallibility of gut instinct. Data democratization describes barrier-free…
Read more

Data Governance Should be a Republic – Not a Democracy

A true ‘data democracy’ would be a disaster. As Marr, says, “Data democratization means that everybody has access to data and there are no gatekeepers…” That sort of transparency would mean no information would be withheld from anyone in an organization – including sales, salaries, personnel performance, health records, and PII. If the thought of…
Read more