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 has always played a uniquely
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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
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A convergence of data and cloud computing
Data analytics using cloud computing or cloud services have led to the evolution of cloud analytics, where the flexible infrastructure of cloud models facilitate data analytics in collaboration with the cloud service provider.
Why analytics in the cloud?
Organisations rely upon legacy systems for data warehousing. These cannot always manage
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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
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Decoding Cloud Computing
This month we focus on cloud computing and cloud analytics – a core functionality for every enterprise-wide solution. With SMAC (social, mobile, analytics, cloud) fast becoming a chosen technology for small to large enterprises, it has become necessary for professionals and students of analytics and data science to get familiar with components of
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The SMAC technology / business model
While Big Data was the predominant buzzword through 2013, SMAC (social media, mobile, analytics, cloud) technology has become the next big infotech revolution in 2014. Although these have been around for a while, it is only in 2013 that these technologies have combined and grown together exponentially. Unlike Big Data,
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.... 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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