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What is Data Science? In recent years the phrase “data science” has become a buzzword in the tech industry. The demand for data scientists has surged since the late 1990s, presenting new job opportunities and research areas for computer scientists. Before we delve into the computer science aspect of data science, it’s useful to know exactly what data science is and to explore the skills required to become a successful data scientist. Data science is…

Over the past few years, technologies are continuously changing worldwide. We are living an upgrading life than we ever imagined in our wildest dreams. But there are a few great people who not only dreamed but made it come true with continuous effort and consistency. They are tomorrow’s future and eminent data science personnel who change the world in multiple ways and set a new bar for living a better life. Have you ever thought…

The enterprise has been talking about Digital Transformation and Industry 4.0 for years. We have seen transformation accelerate and the adoption of artificial intelligence, connected devices, and even virtual reality speed-up over the last few months due to the pandemic. As enterprise digitization continues to be top of mind and data becomes even more critical in this process, we need to look at how all the data created can be better visualized to generate better…

Infographics have become an increasingly popular data visualization tool which enable users to quickly give an overview of pretty much any topic. They rely on using images to accompany bite-sized pieces of information, in keeping with the theory that our brains are better at storing and recalling images than words or numbers alone. Luckily thanks to their explosion in popularity there are a good number of affordable or even free tools to help even the…

A few months ago, a friend contacted me to ask for some recommendations related to his company. He intended to “modernize” his sales department and was convinced that the first step he should take was to change his current CRM software. After doing some research, and realizing that there were solutions that offered far more features than his current CRM, he was certain that the switch was the right decision. He wanted just to get my opinion…

We have witnessed the momentous rise of the outsourcing industry and how it reached its pinnacle due to globalization and digitization. More than 68% of businesses actively use outsourcing to improve their process efficiency, reduce costs and increase profitability. The outsourcing industry is steadily on the rise, but the growth of AI, machine learning and natural language processing has certainly threatened the undisputable glory it has enjoyed so far. Global Changes Accelerating Transformation Businesses that used to outsource repetitive,…

There exists a fundamental difference between a bank offering digital services and a bank becoming truly digital. The digital bank represents Finance 5.0 – the generation of banking that will arise in the next 5 years. Traditional banks will either need to partner with FinTech’s or take on the transformation process themselves. Key to this evolution will be the need to further develop digital capabilities as well as welcoming a fundamental mindset shift [1]. AI and Big…

Last year, Analytics Week published an overview of the scope and growth of big data. The findings were remarkable: By 2020, for every person in the world, there will be 1.7 megabytes of new data created each second.The total amount of data in the world will reach 44 zettabytes by 2020, expanding from its current volume of 4.4 zettabytes.There are 1.2 trillion searches annually just on Google, averaging out to 40,000 searches per second — reflecting how…

What does data taste like? It’s probably not a question that’s crossed your mind, but data visualization experts Susanne Jaschko and Moritz Stefaner decided to ask — and answer — the question as a way to make their field more personal, emotional and relevant. Imagine a fish stew whose ingredients reflect the data about local fishing, a pizza topped to represent the population mix of Helsinki, or a selection of chocolates whose fillings represent the…

I have always been fond of two things: cooking and analytics. Believe it or not, there are many correlations between cooking your perfect recipe and getting that perfect analytical dataset that drives actions. Yes, we know that when in doubt, follow your heart, or so they say. And when it comes to your enterprise, the parallel should be that whether in doubt or not, always follow the data. Data is the driving force, the fuel…