Category Archive: Analytics

How to Leverage AI Strategy in Business?

Everyday some company or the other are deploying AI into their systems – whether its Spotify’s machine learning program or Bank of America’s chatbot Erica – it seems AI has broken the shackles and left the machine room to enter the mainstream business.

 

How to Leverage AI Strategy in Business?

 

Today’s AI algorithms are framed on remarkably factual machine sight, speech and hearing, and they have easy access to global cache of information. Thanks to Deep Learning, meteoric growth in data and other cutting edge AI techniques, AI performance is staggeringly improving. With these developments, it may seem possible for CIOs, enterprise architects, application managers who are still in nascent stage in gaining expertise in AI to feel like they are lagging behind somewhere. Contrarily, they are doing well for themselves.

Dexlab

Here’s How to Make Data More Actionable for Better Decision-making

Every customer demand needs to be fulfilled, and CEO’s expect marketing analysts to deliver them. Being a key marketing initiative, optimizing every customer experience is a significant deal to seal for marketers all around the globe.

 

Here’s How to Make Data More Actionable for Better Decision-making

 

Data, of course, plays a crucial role in marketing endeavors – but only the data that is interpretable makes sense, rendering other data useless. To turn data into actionable, organizations need to understand the accuracy of data and in the process should be successful in turning insights into action.

Dexlab

Risk Analytics Market: Serious Growth Rate Projection for 2017-2021

Want to get to the core of understanding risk within various business frameworks? The answer is Risk Analytics. This new breed of data analytics facilitates organizations in precisely defining, recognizing and managing their risk, and its need is going to increase in the coming few years. New developments in risk analytics are gaining limelight and bringing a notable transformation in the market, while enhancing its overall capability.

 
Risk Analytics Market: Serious Growth Rate Projection for 2017-2021
 

Recently, a team of analysts had eureka moment – they introduced a new concept of real-time risk analytics – it is nothing but a modern, more advanced version of traditional risk analytics methods. Here, the prediction is based on real-time data – it processes, examines and determines risk all on a real-time basis – hence top notch financial institutions are putting real-time risk analytics to best use to manage and mitigate associated risks. Several asset management, portfolio management and hedge fund firms, and investment banks are relying on this mode of risk analytics to modify their operating principles to play in accordance with investment and market shifts.

Dexlab

Data to Fill in the Gaps: Using Data Analytics to Seek Retail Advantage

Retailers need to know their customers well – who they are, what stuffs they like to buy, how they would pay and what they think about the product or service. The best part is that there’s an ocean of data now available to fill in the gaps. Every time a customer visits the store, a long trail of customer data churns out for the retailers to explore.

 
Data to Fill in the Gaps: Using Data Analytics to Seek Retail Advantage
 

With the help of this data, the retailers improve sales figures, customer service and interaction and their product offerings. Leveraging data is crucial. According to Gartner, retailers seek advanced analytic capabilities to shine bright in this age of digitized market solutions.

Dexlab

Internet of Things: It’s Much More Than What It Appears to Be

What’s all the hype about “the next big thing”? Have you got it yet? Nope? It’s not owing to a lack of imagination, but an observation.

 
Internet of Things: It’s Much More Than What It Appears to Be
 

Currently, the Internet of Things is the big buzz. It’s all about enhancing machine-to-machine communication – being structured on cloud computing and systems of data-gathering sensors, the connection is entirely virtual, mobile and instantaneous.

Dexlab

How to Take the Plunge from IT to Analytics: Explained

With data analytics flourishing the manner it is, a lot of you hailing from IT background are sincerely thinking about making the remarkable switch from IT to Analytics. The skills you possess are transferable and the data structure fascinates you. You know very well, you will make more money in analytics and your career pathway will seek you great rewards. Yet something is stopping you from going!!!

 

How to Take the Plunge from IT to Analytics: Explained

 

What it is? Why are you feeling apprehensive to make the bold move that could change your life and career forever?

Dexlab

What to Do and What Not to Do With Data Visualization

Data Visualization can be your bow and arrow provided you know the exact way to use it.

 
What to Do and What Not to Do With Data Visualization
 

In modern day scenario, data visualization has become the crux of efforts – raw data in various forms and statistics tends to be incredibly powerful, but only if you decide to work with them as a whole. After all, it’s not just the numbers but the story behind those numerical figures that reveals something. So, you require data visualization to brush up these notions and turn them into something more compelling to target audience. Data Visualization makes your messages more attractive, lively and enhances the impact, along with keeping your audience hooked.

Dexlab

Automation Doesn’t Necessarily Make Humans Obsolete, Here’s Why

Machines are going to eat our jobs.

 

AI is handling insurance claims and basic bookkeeping, maintaining investment portfolios, doing preliminary HR tasks, and performing extensive legal research and lot more. So, do humans stand a chance against the automation apocalypse, where everything, almost everything will be controlled by robots?

 
Automation Doesn’t Necessarily Make Humans Obsolete, Here’s Why
 

What do you think? You might be worried about your future job opportunities and universal basic income, but I would ask you to draw a clearer picture about this competing theory – because, in the end, this question might not even be a plausible and completely valid question. Why, I will tell you now.

Dexlab

Google’s DeepMind: Roll the Wheels of Imagination with Advanced AI

Use intelligence to make the world a better place to live in – Google’s London-based AI coterie, DeepMind is a pioneer in artificial intelligence research programs and has churned out two distinct types of AI that uses the ‘power of imagination’ to plan ahead and fulfil tasks with a higher success rate than the previous ones that lacked imagination.

 
Google’s-DeepMind
 

In a recent interview, DeepMind researchers shared a crisp review of “a new family of approaches for imagination-based planning.” I2As, the so-called Imagination-Augmented Agents make use of an internal ‘imagination encoder’, which helps the AI determine what are and what aren’t productive predictions about its atmosphere.

Dexlab

Business Intelligence: Now Every Person Can Use Data to Make Better Decisions

The fascinating world of Business Intelligence is expanding. The role of data scientists is evolving. The mysticism associated with data analytics is breaking off, making a way for non-technical background people to understand and dig deeper into the nuances and metrics of data science.
 
Business Intelligence: Now Every Person Can Use Data to Make Better Decisions
 

“Data democratization is about creating an environment where every person who can use data to make better decisions, has access to the data they need when they need it,” says Amir Orad, CEO of BI software company Sisense. Data is not to be limited only in the hands of data scientists, employees throughout the organization should have easy access to data, as and when required.

Dexlab