What do you do when you have a huge volume of textual data?
If the data is in structured form as in voter records you make a query that returns information as a number. Using more and different queries, you get detailed information; such as number of female voters in a particular constituency above the
Read More
Actuaries work behind the scenes, but are in high demand in almost all businesses and industries that crunch numbers, evaluate or forecast risks.
While actuaries continue to be the backbone of the insurance and pension industries; the role and scope of an actuary has undergone a phenomenal change in recent times. Today, the corporate sector
Read More
How can patient data be used to detect significant geographic trends in disease?
Is the Hospital Standardized Mortality Rates (HSMR) within limits?
Does the re-admissions rate within 30, and 90 days, reveal a significant pattern for any physician or department?
How can performance metrics be applied to detect hospital mismanagement?
As healthcare comes within the reach of common people
Read More
If you are interested in a career that offers a bright and stimulating future, with the opportunity to be part of a small but growing talent pool much in demand, then consider a career as an actuary. Not only does it have a prestige value attached, the scope is also wide and the earning potential
Read More
Spotlight: Business Analytics
What data should I collect? What does the data tell me?
Why does it show this trend?
What is likely to occur based on what has happened in the past?
How can I optimize outcomes? What will happen if X is changed?
What else does the data tell me that I never thought to ask?
One of the
Read More
If you have started training on R statistical software, you will be delighted to know that R is everywhere in the news. Whether it is about the use of R in every sphere of work or life from sports to research and analytics; or enterprise-wide application of R; or job prospects and salary markers for
Read More
#1. India Government rolls out a SMAC (social, mobile, analytics, cloud) policy
Continuing with the exciting news from February - NATGRID integrating real-time analytics in its data centre and disaster recovery system – the analytics focus of the Indian Govt. continues with the SMAC technologies. The new e-Governance Programme (EGP) 2.0 also known as E-Kranti, plans to
Read More
The analytics hiring landscape in India features various industries that have requirements for analytics professionals. The major hirers like banking, financial, IT and insurance sectors are familiar to most of you. However, management consulting firms in India, which currently have more than 3 % of total analytics professionals, are a mystery to many who may
Read More
This forms the basic mantra of social media analytics. Data is mined from blogs and social media platforms like Twitter, Facebook, LinkedIn, YouTube or Foursquare; measured for various metrics; analysed and applied to make business decisions.
Social media is a powerful instrument of market research and business solutions when used strategically. It is all about conversations
Read More
# Continuing the trend of tie-ups and contracts from 2013, Wipro replaces Accenture for a 10 year contract with UK based Carillion, as its sole preferred strategic partner for integrated IT and BPO services. The deal was clinched at more than $100 million.
# A three-year old US based Retail solutions start-up Theatro, is opening its
Read More
Data Analytics helps to gain actionable insights for smart decisions and strategic business outcomes.
While there are hundreds of terms in analytics, this blog aims to decode just a few of them that many students or wannabe analytics professionals find puzzling.
#1 Data vs. Information
Data is unprocessed material or facts, in the form of statistics, figures, images or documents
Read More
If you are wondering what language to learn that is going to give you value for money and time invested, that’s definitely “R”.
While there are so many benefits and reasons why learning ‘R’ is so important today, the most significant among them is that ‘R’ language is here to stay for a long time with
Read More
Using data to drive HR (Human Resource) strategy
Where does the best talent come from? Which businesses or managers are the best talent scouts and coaches?
How can I compare the attrition rates over the last 3 financial years?
Does the staff turnover rate in the sales department have a relation with recent revisions in sales performance policies?
Read More
As organisations and SMEs become increasingly data-driven, there arises the need to make sense of all that data and convert it into meaningful insights. In a competitive environment, analytics becomes the driving force that facilitates decision making – to leverage the insight for innovative strategies as well as for an effective ROI on investment. Industries
Read More
# While February began with a buzz about Adobe and WPP among companies seeking to acquire Bangalore based social media analytics start-up Simplify360 , it brought home the fact that converting millions of Tweets and social media posts into real insights is the Holy Grail for marketers.
# Exciting news on the governance front - The
Read More
Which customers are our biggest influencers? What parameters do we use to decide ‘level of customer influence’?
Is there a high-performing store that needs customised product flow optimisation?
How do we decide on the product-mix for each store?
Does the online shopping pattern of our customers reveal trends that can be converted into personalized offers?
The retail sector in
Read More