Analytics

Analytics (31)

The Importance of Story Telling in Data Analytics

The most successful data analysts are able to take key data and weave it into a story to convey their point to stakeholders. This is often called a “data story” and is used by analysts who are presenting to an audience who may not understand the intricacies of data. They do this by presenting their findings visually – which is easier for most people to comprehend.  Often time this is through graphs, charts, or other visualization tools like infographics. But is a data story really that important in the world of statistics?

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Can Big Data Prevent Fraud

India is exploring a way for the government to use big data to crack down on tax fraud, reports Economic Times. 

Union Finance Secretary Ajay Bhushan Pandey on Friday hinted at the use of Big Data to track major financial transactions, under-reporting of income and tax frauds in the country, even as he assured that the government would make the taxation process fearless and pain-free for honest taxpayers.

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BYU Introduces an Analytics Course focusing on Sports Statistics

Brigham Young University is exploring how statistics coincide with sports in their newest data class taught by Zach Knowlton, a Senior Data Scientist at Progressive Leasing and now an Adjunct Professor at the university.

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Castor receives $12M in Series A Funding to Use Data to Simplify the Clinical Research Process

Scientists from all over the globe are racing to find a vaccine for Covid-19. Among the types of scientists playing a massive role are biochemists, microbiologists, scientists specializing in infectious diseases; and now data scientists.

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What Do Consumers Want Now? The Data Knows

Businesses seem to know more about you than you know about yourself. Sign up for or log into any social media platform and you will encounter suggested buying options based on your personal interests or previous buying history.

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Google to Give 100,000 scholarships for online certifications in data analytics and similar fields

In an article by InformationWeek back in 2018, Sr. Data Scientist Sophie Searcy stated, “Given the critical role data scientists play in how data is used (or misused), it’s imperative that we fairly represent everyone impacted by our work, which is to say, all of us. In order to ensure that this happens, the data science industry must be absolutely committed to hiring and developing diverse talent.” She went on to state, “when blacks make up 13% of the US population but represent just 1% of hires at our leading tech companies (look no further than Google and Amazon for examples), something’s wrong.”

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Big Data Analytics Among Top Three Deployment Priorities for Enterprises, Says Frost & Sullivan

Frost & Sullivan’s recent analysis, Post-pandemic Growth Opportunity Analysis of the Big Data Analytics Market, predicts that the global Big Data Analytics (BDA) market is estimated to witness double-digit growth in the post-pandemic COVID-19 era. Under an aspirational forecast scenario, which assumes that the COVID-19 virus is contained by August 2020 and that global markets will be able to recover by the end of the year, the market is expected to expand at a compound annual growth rate (CAGR) of 28.9%, reaching $68.09 billion by 2025 from $14.85 billion in 2019. Under the conservative forecast scenario, the market is likely to reach $41.84 billion by 2025, at a CAGR of 18.8%. Depending on the development and availability of a vaccine, the conservative forecast includes a market slowdown and recovery period of 18 to 24 months.

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Human Intelligence Augments Big Data for Food Supply

In the modern world characterized by connectivity and different devices, making intelligent use of big data is turning out to be a breakthrough for many industries. With the increasing damage meted on humanity and economy by COVID-19, the need to have access to big data and technology in general due to social distancing and lockdown has changed many things in different industries. With the changes, some of which may appear temporary but will be permanent going into the future, a company that manages to utilize data will rule.

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The United States Air Force Academy Creates New Data Science Major

The United States Air Force Academy in Colorado Springs, Colorado recently announced their new Data Science major for incoming cadets as of June 4th. In a press release from the academy, Air Force Chief of Staff Gen. David Goldfein stated, “It’s not enough to have more data than our adversaries. It’s how we understand the information and use it at the speed of relevance that matters.”

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Protecting the Environment is Increasingly Possible with Big Data

Data is the most valuable resource in any industry in today’s world. This is the reason why big data and data analytics are some of the most active topics you are likely to come across when you open the social media platform of your choice or search engines, all are awash with advertisements on these areas. With this importance, new tools and data collection methods are coming up almost weekly to enable people in different industries to collect data and use them to make informed decisions. Big data analytics allow us to find relationships through patterns in different aspects that have been impossible using traditional approaches.

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