.... from IVY Professional School Blog
Beginning this month, we will be doing a monthly (in place of the bi-monthly) news wrap-up on what’s going on in the Indian analytics industry. So for a quick review on the latest buzz in Indian analytics, look out for the blog on the last day every month.
Another starter is
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As a student of statistics or analytics, you will know why the Bayesian logic is applied to decision making and inferential statistics for probability inference. It is the way to quantify a situation with an uncertain outcome by determining its probability. The Bayesian model defines a rule for refining a hypothesis – factoring-in additional evidence
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How do the various political Manifestos compare with respect to important keywords?
What do twitter users have to say about the new product launch?
How is your after-sales support performing against your competitors?
What is the general sentiment about the election manifestos of various political parties?
These are questions one asks to learn the opinion of people, track keywords, analyse
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Beginning this month, IVY Blog shall feature a start-up that brings in a fresh wave of innovation or unusual perspective to the field of analytics.
With elections dominating conversations, we decided to feature ZT Analytics as “the start-up of the month” for the innovative web platform, ‘A Social View of India Elections 2014’ designed as an
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Elections of the largest democracy have just entered the third leg.
By far the most vibrant elections till date, the ‘India digital elections 2014’ has been applying technological tools and techniques to decode, decipher and analyse the various nuances of the election. The historical role of election analytics for opinion-poll and exit-poll analysis has given way
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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
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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
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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
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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
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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
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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
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#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
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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
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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
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# 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
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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
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