In a momentous announcement, Claudia Goldin, a distinguished economist known for her groundbreaking work in labor economics and gender disparities, has been awarded the Nobel Prize in Economics for the year 2023. Her outstanding contributions to the field have not only reshaped our understanding of labor markets but have also inspired policy changes aimed at […]
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Data Analytics in healthcare allows use of new technologies both in treatment of patients and health management.It is a system with varied stakeholders: patients, doctors, hospitals, pharmaceutical companies and healthcare decision-makers. Data analytics is the process of analyzing raw data to find trends and answer questions, and identify trends, it includes many techniques with many
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KNIME is an open-source, modular framework (or platform) for graphically building and executing workflows and data analysis pipelines from predefined components (called “nodes”). As the heading suggests, it is a platform to automate and integrate different components for machine learning and data mining through its modular data pipelining concept. KNIME contains a collection of nodes.
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In modern business environment, to leverage data for making more informed decisions, there needs to be a cultural realignment. Data if put in the centre of the decision-making process, elevates its value to a higher level. Organizations who can adjust to data culture at the earliest will gain a competitive advantage resulting from being early
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Artificial Intelligence (AI) today is a form of advanced analytics that relies on machine learning (ML), optimization and deep learning. Artificial Intelligence of Things (AIoT) is less of a new industry than it is the combination of pre-existing industries. AI and ML automotive solutions add more intelligence to the “sensing”, “thinking” and “acting” processes of
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Credit Rating Agencies (CRA) analyse a debtor’s ability to repay the debt and also rate their credit risk. A credit rating not only determines whether or not a borrower will be approved for a loan, but also determines the interest rate at which the loan will need to be repaid. Credit assessment and evaluation for
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Data is everywhere, but it is what we do with that data, what insights we tap into that make it so valuable. That is why data storytelling is becoming so important. Whether we realize it or not, we are bombarded with an onslaught of visual information every day. From print advertisements and television commercials to
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What is Visual Analytics? Visual Analytics is an area that applies analysis and reasoning to information sets using some sort of visual means. It combines the best of a person’s capabilities (decision making, analysis, and reasoning) with the number crunching capabilities of a computer. Visual analytics is a form of inquiry in which data that
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Business Intelligence (BI) refers to applications, technologies and practices or the collection, integration, analysis, and presentation of business information. The purpose of Business Intelligence is to support better business decision making. Essentially, Business Intelligence systems are data driven Decision Support Systems (DSS). Importance of Business Intelligence tools or software solutions Business Intelligence systems provide historical,
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