Is Informed Decisions Come from The Intersection of Data?
Decision making in the information to choices world analyzes the important instruments, steps and techniques for getting understanding from information and following up on it. These devices are valuable making educated individuals and procedures, yet the continuation and finish to choices and activities requests a hearty arrangement of execution observing and the executives rehearses. Those are the table stakes. By and large, utilization of choice robotization, semantic innovation and collective instruments are likewise required. Information to choices is tied in with moving from understanding to activity and moving to actuality based choices making at all degrees of the association.
Blockchain transform the education system
Education industry is a division that is similarly as significant as social insurance and account, and there are loads of regions inside this area that could be improved utilizing innovation. The market for education-tech is developing rapidly, and is assessed to reach $93.76 billion internationally by 2020. As of now, apparatuses like computer generated experience and customized learning with man-made consciousness are improving learning results for understudies at all levels. By looking to different ventures that right now use blockchain innovation, we can begin to make forecasts about how these systems could be utilized in an instructive setting. While the quantity of potential uses in instruction is huge, there are a not many that are the most energizing. Another blockchain stage that is rising in this space is chatbot application to assist understudies with test arrangement. It answers questions and prescribes assets while monitoring understudy progress in the blockchain.
Blockchain still an Alien
Blockchain technology is one of the most efficient innovation in the field of technology with the potential to change everything. The technology known to every one due to success of cryptocurrency , mainly Bitcoin story. The technology may be difficult in it's technical understanding , but to easy in basics. Transaction happened and reported in Blockchain without the physical audit, so still users of technology seems it as Alien approval.
Leaders are made by Data Analytics
The data and usage of data analytics decide the leaders in industry. The current analytics environment had transform industries at an ever-quicker pace,The success strategies not only depend on the organizational culture but on ability to utilize the analytics.
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CROWDSOURCING BIG DATA ANALYTICS – IMPACT
As many big data organizations increase gigantic interests in big data to catch business bits of knowledge by scrambling to utilize information researchers, information designers and information investigators. Big data crowdsourcing can enhance associations speculation plans.
Thank you Santosh
9 Interesting Applications of Data Science in the E-commerce industry
There is no doubt that as of today, companies all over the world, big or small, are incorporating data science and its applications within their business in one way or another. The importance of data in today’s world has reached new heights so much so that companies are taking business decisions only after a thorough analysis of relevant data. This has especially found an important place in the e-commerce and retail industry. They can predict the purchases, profits, losses and even nudge customers into buying additional products on the basis of their behaviour. Organizations also use purchase data to create psychological portraits of a customer to market products to them and use it to drive customer loyalty and thereby more revenues.
Very nicely written. Merchandising section could have been elaborated with Space Optimization, which is gaining momentum these days.Thanks.
Big Data Analytics and Predicting Election Results
The best way to predict the future is to study past behavior. This is the underlying idea behind Big Data Analytics. The 2008 Obama election campaign was one of the first to take advantage of data-driven methods in the race to an elected office. The Obama campaign had a data analytics team of 100 people. This shows how deeply data analytics impacts the world.
Very nicely explained.
Upcoming Data-Science, Machine Learning, AI Events, Workshops across countries
Hello Friends,Let's have this forum to have regular updates on upcoming events, workshops across countries.Here are the lists :7th International Data Science Summit - The 7th Data Science Summit, organized by the Data Science Foundation will take place in Kolkata, India in September 2019. The Summit will provide a unique insight into creating a data-driven culture in organizations, and the benefits of using data and analytics to drive the decision-making process. https://datasciencefoundation.org/summit/7th-international-data-science-summit/
Statistical Methods Research
DSF: Rohan is a new member of the Data Science Foundation and has asked for our members to support the research he is doing for his MSc thesis. I am sure we can help by participating in his survey and sharing our opinions… For my thesis I am researching various statistical methods and their ability to deliver value for predictive modelling; more specifically ‘churn prediction’. To compare the various models in a complete and honest way I want to evaluate the models based on six performance characteristics.
Thank you to everyone that has filled in the survey or shared my request! 35 valuable opinions have been gathered; 22 came from a corporate environment and 13 are from researchers and academics. I will now close down the survey. Thanks again for your help!
International Data Science Awards Live and Entry Pages Open
The entry pages for the International Data Science Awards are now live and entries are being accepted. The awards were launched at the AI & Big Data Expo held at Olympia, London on 25 April. Entry pages will remain open until September with judging taking place in October.
Its now time to start thinking about the project you will enter into the International Data Science Awards. The Support of the Chartered Institute of Public Relations will really help to raise the profile of the awards and generate interest in the participants