Data analysts translate raw data into useful insights, and they are also responsible for gathering the data, organizing and analyzing it, and then presenting their findings. Data analysts are in high demand, and there aren’t enough data analysts to fill all the positions. People with the right skills can fill these positions. A degree is […]
Data Science: How to Shift Toward More Transparency in Statistical Practice
Data Science and statistics both benefit from transparency, openness to alternative interpretations of data, and acknowledging uncertainty. The adoption of transparency is further supported by important ethical considerations like communalism, universalism, disinterestedness, and organized skepticism. Promoting transparency is possible through seven statistical procedures: Data visualization Quantifying inferential uncertainty Assessment of data preprocessing choices Reporting multiple models Involving […]
Data Science Best Practices
When done right, Data Science delivers a lot of measurable values like improved products and services, enhanced customer experiences, sales growth, new business developments channels, and overall business efficiency. However, according to most reliable industry publications, most Data Science projects fail because the Data Science best practices are not followed. Why Do Businesses Need Data […]
Semantic Technology Trends in 2022
Semantic technology trends are expanding well beyond an interesting, more advanced search engine. Besides providing scientists with a more functional search engine, semantic technology is now being used to improve artificial intelligence and machine learning. Semantic technology uses a variety of tools and methods designed to add “meaning” to a computer’s understanding of data. When […]
Data Science vs. Decision Science: A New Era Dawns
Data Science vs. Decision Science: Basic Descriptions In Data Science, a variety of advanced technologies like data mining, statistics, predictive analytics, AI, and machine learning are used in conjunction to deliver solutions for business problems. In Decision Science, analyzed data is “interpreted” to arrive at business decisions that meet specific objectives. So while Data Science […]
Integrated Deployment – Deploying an AutoML Application with Guided Analytics
Welcome to our collection of articles on the topic of integrated deployment, where we focus on solving the challenges around productionizing Data Science. So far, in this collection we have introduced the topic of integrated deployment, discussed the topics of continuous deployment and automated machine learning, and presented the autoML verified component. In today’s article, we would like to […]
The Intersection of Self-Service Analytics and Machine Learning
The terms “self-service analytics” (SSA) and “machine learning” (ML) are frequently used interchangeably, but the concepts behind these terms are a world apart. In self-service analytics, specific tools are designed to aid the user in inputting data or interpreting results (output). On the other hand, a machine learning algorithm is a special software that has […]
How Low-Code Is Bridging the Gap Between Data Scientists and Businesses
Coding is a foreign language for many high-level and C-suite executives who lead corporations today. However, it’s hard to find anyone who doesn’t understand the importance of technology and how our future will hinge on mastering it. Although many computer scientists argue in favor of low-code software for data scientists, there is an argument to […]
Active Learning and Its Benefits to Machine Learning Models
Supervised machine learning (ML) models such as classification models that are trained to predict the outcome of an instance (for example, approve or deny loan) are required to maintain high accuracy in production environment – making sure that there are more true positives, true negatives and fewer false positives, false negatives. In order to maintain optimal […]
10 Actionable Steps to Create a Data-Driven Culture
By capitalizing on your data assets, do you want to acquire fruitful outcomes and actionable insights to make more informed and rational business decisions? To make your business a purely data-driven entity with a highly streamlined and targeted approach, you must embrace the change dictated by the valuable insights from the correct data analysis. By […]