Category Archive: Uncategorized

Sources Of Banking Risks: Credit, Market And Operational Risks

Banking risk refers to the future uncertainty which creates stochasticity in the cash flow from receivables of outstanding balances. Banking Risks can be described in the Vonn-Neumann-Morgenstern (VNM) framework of Money lotteries. In this framework, the set of outcomes are assumed to be continuous and monetary in nature, and the lottery is a list of probabilities associated with the continuous outcomes. When applied to the banking framework, the cash flows (the set of outcomes) are assumed to be continuous and stochastic in nature. A theoretical model for the risk is represented in the framework below:

 
Sources Of Banking Risks: Credit, Market And Operational Risks
 
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5 Ways to Enhance Value of Your Dashboards Using Maps

Today, an effective dashboard is mostly insight-driven. And since a good lot of analysis projects stand upon spatial data, playing with maps is an indispensable skill you need to have in your visualization toolbox.  

 
5 Ways to Enhance Value of Your Dashboards Using Maps
 

Here, we will like to share a few handy tips to improve the analytic and aesthetic value of maps in your dashboard:

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Why Ethereum Is the Next Big Thing for Today’s Netizens?

Why Ethereum Is the Next Big Thing for Today’s Netizens?

 

Today, Pelle Braendgaard writes distributed applications, or “DApps,” for Ethereum—a cryptography-based technology that is waiting to make an impact. It’s similar to the green field of 1990’s web, providing similar opportunities as then.

The birth of DApps

If people at all know about Ethereum, it is as Bitcoin’s first cousin that stands for everything experimental and of course Braendgaard, who is widely acclaimed as the old-guard programmer. The price of Ether, the coin underlying Ethereum, has spiked up by over a factor of 20 in the last 6 months. Unfortunately, on the zest to become rich quickly, many of us have overlooked Ethereum’s prominent significance. More than just being a new type of digital currency, Ethereum has developed into a new breed of distributed computer, which no one can control but can see inside out. Through this computer, a new creed of applications is launched -“DApps”.

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Keep Pace with Automation: Emerging Data Science Jobs in India

Indian IT market is not yet doomed. In fact, if you look at the larger picture, you will find India is expected to face a shortage of 200000 data scientists by 2020. Where traditional IT jobs are going through a rough patch, new age jobs are surfacing up, according to market reports. Big Data, Artificial Intelligence, the Internet of Things, Cloud Computing, and Cybersecurity are new digital domains that are replacing the old school jobs, like data entry and server maintenance, which are expected to reduce more over the next five years.
The next decade is going to witness most vacancies in these job posts:

However, just because there is a wide array of openings for a web services consultant doesn’t make it the most lucrative job position. Big Data architect job openings are much less in number, but offer handsome pays, according to reports.

A median salary of a web services consultant is Rs 9.27 lakh ($14,461) annually

A median salary of a big data architect is Rs 20.67 lakh ($32,234) annually

Now, tell me, which is better?

As technologies evolve so drastically, it becomes an absolute imperative for the techies to update their skills through short learning programs and crash courses. Data analyst courses will help them to sync in with the latest technological developments, which happens every day, something or the other. Moreover, it’s like a constant process, where they have to learn something every year to succeed in this rat race of technological superiority. Every employee needs to make some time, as well as the companies. The companies also need to facilitate these newer technologies in their systems to keep moving ahead of their tailing rivals.

Re-skill or perish – is the new slogan going around. The urgency to re-skill is creating a spur among employees with mid-level experience. If you check the surveys, you will find around 57% of the 7000 IT professionals looking forward to enroll for a short time learning course have at least 4 to 10 years of work experience. Meanwhile, a mere 11% of those who are under 4 years of experience are looking out for such online courses. It happens because, primary-stage employees are mostly fresh graduates, who receives in-house training from their respective companies, hence they don’t feel the urge to scrounge through myriad learning resources, unlike their experienced counterparts.

 

 

Today, all big companies across sectors are focusing their attention on data science and analytics, triggering major reinventions in the job profile of a data analyst. Owing to technology updates, “The role of a data analyst is itself undergoing a sea change, primarily because better technology is available now to aid in decision-making,” said Sumit Mitra, head of group human resources and corporate services at GILAC. To draw a closure, data science is the new kid in the block, and IT professionals are imbibing related skills to shine bright in this domain. Contact DexLab Analytics for data analyst course in Delhi. They offer high-in demand data analyst certification courses at the most affordable prices.

 

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Tracing Success in the New Age of Data Science

Each year, pronouncements are made. And each year, a particular job field rides high above the tides of fortune.
For 2017, Data Scientist jobs seem to be #1 Best Job in India. Several magazines and research associates have put Data Scientist jobs at #1 position. No wonder, data science jobs are the hottest jobs in today’s market, hopefully in future too.
So, how do you become a good data scientist? Affordable Data Science Training Course in Gurgaon is now available in India that too quite easily. DexLab Analytics is one such institute that offers state-of-the-art data science training facilities for young aspiring candidates.

Get hold of SAS skills

If you are aware of the top data science skills, you must have known that statistical analysis and data mining calls for SAS specialization. SAS plays an important role in all these disciplines. It has been the pioneer and the most reliable software suit, and for a long time enjoying the monopoly position.

However, since the advent of R and Python, the powerful open source competitors, it is true that the growth curve of SAS has been little but hampered. Nevertheless SAS skills still boast of astounding demand all over the world.

SAS training courses help you understand the nuances of data science. Nowadays, these training’s are not too difficult to find, myriad institutes offer online and classroom training for its students on a regular basis. It is no more too difficult to get a grip on the fundamentals of this subject matter.

The number speaks of positivity

It would be like mine 11th commandment – there is a shortage of data science jobs. It is being predicted that there could be a shortage of 200,000 data scientists by 2020, and this is for real. Indian market is an emerging economy, though data science may not be so famous here as it is in the US, yet I am proud to say that the importance of this field is on the rise.

The survey says – the global demand for data scientists grew by more than 50% in between 2014 and 2015, while the searches have increased by 73%.

The skills you require to possess

By analyzing a whole lot of LinkedIn job postings, we have come to a conclusion that there are 5 high-in demand skills that you need to master in order to ace in data analytics – SQL, Hadoop, Python, Java, and R. Apart from these five, you also need to be quite proficient in Data Visualization and statistics, and try to bring out your creative side to the front.

How much difficult is it to choose a data analytics course?

Make sure, you know what you want, very clearly. Prepare yourself well, before getting into any course. Experience matters, but before that you need encompassing training on the subject matter that can only be offered by a pioneering institute of data science. However, before investing money and your time, check properly if the curriculum satisfies your needs. The material needs to be crisp, to the point and in line with the current industry standards.

DexLab Analytics is a top-of-the-line data science training institute in Gurgaon, offering high-in demand courses on analytics. For any assistance, reach us.

Interested in a career in Data Analyst?

To learn more about Machine Learning Using Python and Spark – click here.
To learn more about Data Analyst with Advanced excel course – click here.
To learn more about Data Analyst with SAS Course – click here.
To learn more about Data Analyst with R Course – click here.
To learn more about Big Data Course – click here.

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Pentagon Fights Off ISIS with Machine Learning and Big Data

Machine learning and big data are the new BIG things going around in the world. They are being used for myriad purposes – better AI, apt malware detection, smart messenger apps, and lot, lot more. Topping that, they are being utilized by the Pentagon to eradicate the foundations of Islamic State militants and make the world a safer (and better) place to live in.

 
Pentagon Fights Off ISIS with Machine Learning and Big Data
 

This May, the Pentagon announced that it is undertaking its newly minted Algorithmic Warfare Cross Functional Team (AWCFT), codenamed Project Maven, with introducing Big Data and Machine Learning to boost the process of discovering actionable intelligence with the help of aerial imagery. “We’re not going to solve it by throwing more people at the problem…That’s the last thing that we actually want to do. We want to be smarter about what we’re doing,” Air Force Lt. Gen. John N.T. “Jack” Shanahan, director for defence intelligence for war fighter support told a leading defence news magazine.

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6 FAQs to Get Acquainted With the Fundamentals of Big Data

By mobilizing the volume and wealth of information in an organization, Big Data leads to improved customer perceptiveness, competitive advantage and operational efficiency. In the current data-centric era, big data is the buzzword. Nevertheless, how many of you actually know what it entails?

 
6-FAQs-to-Get-Acquainted-With-the-Fundamentals-of-Big-Data
 

In this blog, we have compiled few FAQs, which will instantly shed some light about the basics of Big Data and its implementation.

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Top Databases of 2017 to Watch Out For

Data processing is the most talked about topic of this year. From the figure below, you can comprehend that NoSQL and SQL databases are the ones most preferred by the respondents. 

 
Top Databases of 2017to Watch Out For
 

By putting together the percentage of respondents who found them fetching and who called them ‘extremely engaging’, we can conclude who the runner-up is. Here, NoSQL databases secure the second rank with 74.8%.

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ETL and ETL Testing: The Concepts Explained

In this New Age, businesses pay maximum attention in collecting customer and transactional data. Businesses with draconian financial reporting and persistent audit requirements look up to ETL, as it offer an organized and integrated solution instead of relying on other apparent solutions like Hadoop.

 

 

ETL and ETL Testing: A Detailed Evaluation

 From Visually.
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Facebook is planning to evaluate its quest for generalised AI

A major misconception about artificial intelligence is the fact that today’s robots possess a very generalized intelligence, however, we are fairly efficient in leveraging large datasets to accomplish otherwise complex tasks. Nevertheless we still fail and fall flat at the prospect of replicating the breadth of human intelligence.

 
Facebook Artificial Intelligence Researchers
 

Care to contribute to AI development in today’s world? Then take up a Machine Learning course online with us. But in order to move forward a generalized intelligence, Facebook is ensure that we know how to evaluate the process. In a recently released paper, Facebook’s AI research (FAIR) lab has outlined just that as a part of its CommAI framework.

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