TERMINOLOGY

Analytics Crossword – Brain Tickler! Excel (Easy)

Thanks Arpendu for attempting the expert crossword on Statistics! You were very close to the answer! Just replace Onetoone with Monotone! Congratulations!

Next up- the Excel crossword! Let’s see who answers first! Its Easy

excel easy

Data Brokers – What You Need to Know

It’s all about data and data, everywhere. Who needs the data, who has the data, and what is done with the data.

The demand for data is such that recent times have witnessed an unprecedented data explosion as detailed consumer profiling for business advantage has become the norm.

Analysis or Analytics?

If you thought these words were interchangeable, then you’d be wrong. Yet, one comes across incorrect usage of these terms every day. As part of the Analytics community however, you are expected to know the fine difference. So let’s get going.

The etymology of ‘Analysis’

The word ‘analysis’ is derived from the Greek word ‘analusis<

Top 5 terms in Ecommerce Analytics

  1. Users / Visitors

Ecommerce 6

Definition: the number of people who visited the website withi

Why Data Dredging is trending

“If you torture the data long enough, it will confess to anything.”   — Ronald Coase, British economist

 If you thought DATA was only ‘mined’ and ‘extracted’ for analysis, take a look at this frequently used method of ‘data dredging’.

As we move over from traditional eyeballing of statistical data to dig deeper into

Big Data as a Service (BDaaS) – An Emerging Trend of 2015

The Analytics landscape is developing at a fast pace. In such a scenario, where technologies keep crossing over to the analytics domain, you need to catch up with emerging technologies, tools and terminologies.

In pursuance wi

Understanding the role of a Data Steward in Data Management

Data is core to analytics and a good data governance is part of the analytical framework of a company. Data governance helps maintain quality, consistency and good workflow of data, for effective return on assets. Every company today recognizes the importance of having a smooth and effective data governance in place.

Companies cannot have a general or all-inclusive policy for data management as

What is Data Sandbox?

If you are working with Big Data or advanced analytics, this is one term you will invariably come across – the data sandbox. The term takes its cue from the traditional sandbox, designed to prevent sand from getting mixed with other on-site material while the child plays. The ‘data sandbox’ is similarly devised to enable free experimentation of data in an isolated environment.

What is all the hype about Disruptive Technologies?

Much is mentioned about the way Disruptive Technologies have stormed the field of analytics, and in particular Big Data Analytics.

Although, the term was originally popularised by the Harvard Business School professor Clayton Christensen in his book The Innovator’s Dilemma, referring largely to innovations in technology, one finds an increasing mention in analytics.

So let us exa

What is data silos?

“The goal is to turn data into information, and information into insight.”  – Carly Fiorina (former executive, president, and chair of Hewlett-Packard Co).

Data is the lifeblood of an organisation. It is constantly converted into insights. But when you have data that has not been used for a while in day-to-day operations, the repository