Tag Archives: Data analyst training institute in gurgaon

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.

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Skills required during Interviews for a Data Scientist @ Facebook, Intel, Ebay. Square etc.

Skills required during Interviews for a Data Scientist @ Facebook, Intel, Ebay. Square etc.
 

Basic Programming Languages: You should know a statistical programming language, like R or Python (along with Numpy and Pandas Libraries), and a database querying language like SQL

Statistics: You should be able to explain phrases like null hypothesis, P-value, maximum likelihood estimators and confidence intervals. Statistics is important to crunch data and to pick out the most important figures out of a huge dataset. This is critical in the decision-making process and to design experiments.

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CRACKING A WHIP ON BLACK MONEY HOARDERS WITH DATA ANAYTICS

Tax officials are tightening up their ropes with improved Big Data analytics to crack a whip on hoarders of black money.

 

  • Under the bill for amending Section 115BBE of the Income Tax Act, transactions with unexplained deposits in banks will be taxed.
  • As per this amendment, tax officials can now tax people on such deposits at a rate of 60 percent (cess additional) as opposed to the previously determined 30 percent.
  • This new tax law is applicable from the 1st of April, starting this year!

 

Cracking a Whip on Black Money Hoarders With Data Anaytics

Cracking a Whip on Black Money Hoarders With Data Anaytics

How are the Income Tax officials leveraging Big Data Analytics to curb black money?

Here are the simple signals that showcase a rise of Big data analytics use and a more planned crack down on Black Money hoarding:

 

  1. The IT department is now increasingly becoming tech savvy, it is now making use of analytics tools to assess the personal bank deposits for an improved black money crack down action plan.
  2. The income tax officials are making use of Big Data analytics tools for the first time ever done in the history of the Indian economy, to further maintain a hawk’s eye affixed on the target of bringing down black money.
  3. This is a new venture and earlier such advanced tools were only employed on corporate tax assessments.
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