Ivy May 27, 2014 1 Comment
Why did it happen?
Will it happen again?
What insight does it offer?
What happens if changes are made?
These are questions typically asked during the process of Business Analytics. Business Analytics uses a pre-established method to find patterns and relationships, to gain insights, to forecast future outcomes and conduct experiments to test decisio
Ivy May 22, 2014 No Comments
The recent 2014 IDG Enterprise Big Data Research study puts business spending on big data-related initiatives in 2014, at about $8 million. While analytics software and human analysts form part of this spending, 49% of the enterprises surveyed is slated to invest in hardware like storage and server, 44% plan in cloud infrastructure.
The challenges of analytics in the Cloud
While int
Ivy May 15, 2014 No Comments
As all eyes turn to India and the outcome of the largest “Unreal Elections”, 2014 goes down in history as the year when social media and analytics shaped the elections and voting trajectory in an unprecedented manner.
From the satta model to analytics
This is a country where the satta (odds) market h
Ivy May 15, 2014 No Comments
Data is everywhere whether in unstructured or structured form. Yet stand alone data makes no sense unless measured, managed or optimised. To gain valuable insights into a given set of data, the data has to lend itself to analysis using a clearly defined methodology, strategy and business goals.
What this means.
Data is to be questioned, transformed into information and shaped to des
Anubinda May 10, 2014 No Comments
R is a powerful open source software system for statistical computing. It has become immensely popular due to its intuitive programming language, built-in support for statistical procedures, and ability to produce beautiful graphics.
R programming skills set is attracting some of the highest salaries in Analytics Industry. To read more about R Programming visit Ivy Professional School Blog –
Ivy May 08, 2014 1 Comment
The SMAC technology / business model
While Big Data was the predominant buzzword through 2013
Ivy Apr 30, 2014 No Comments
…. 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 a themed calendar where we shall feature a “Start-up of the month”
Ivy Apr 27, 2014 No Comments
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-
Ivy Apr 15, 2014 No Comments
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 to a more dynamic applicati
Ivy Mar 30, 2014 No Comments
Actuaries work behind the scenes, but are in high demand in almost all businesses and industries that crunch numbers, evaluate or forecast risks.