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Showing posts from June, 2017

Important Skills You Must Acquire to Become a Data Scientist

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In the highly competitive market of today, enterprises have to constantly experiment with unconventional and offbeat ideas in order to innovate offerings that meet the rapidly changing demands of the modern day consumer. One of the ways to remain current with the dynamic market trends and requirements is to be on top of consumer behaviour and buying patterns. This is where the role of a Data Scientist comes into play. Need for a Data Scientist A Data Scientist uses various types of statistical tools and complex predictive models to gather and analyse information and derive meaningful and actionable insights from Big Data. The resulting intelligence is used by the enterprises to customise their existing products and services and bring to the market novel offerings that are in line with customer expectations. This proactive approach is crucial for organizations if they wish to remain competitive in their chosen space with an enviable track record of repeat customers an...

Why Business Analytics is the Future of Every Industry?

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Making good business and increasing revenue is the sole motive behind establishing an industry. If a particular sector or industry gets no profit, it automatically shuts down. On the other end, when any particular product or service identifies a lucrative market, it plunges in lot of investment, grows, expands and forms a business circle within its capacity. Now, comes an important question- What are the factors that influence such perceptions amongst the key industry people? In other words, how do industrialists assess the sectors and track its performance in the present market condition? Well, there has to be some metrics that inform people that hey, this sector is working and that should be closed down and there’s an emerging opportunity which can be made into a profitable industry. So, what are these so called “metrics”? It is the Business Analytics. From the start to the saturation levels and to the way-forwards, the Business Analytics or Business Intelligence data gu...