According to recent research by Gartner, human error in a financial institution can cost up to 25000 hours in reworks. This translates to more than $850,000 which when extrapolated to the entire sector means billions of dollars every year. It is no surprise, therefore, that the financial sector is keen to adopt robotic process automation […]
The volume of data in the world is increasing at a rate of 1.5 Megabytes per person per second. The world needs to collect, organise, clean, and analyze that information to draw useful meaning. Data science refers to all activities between collecting and analyzing information for insights. Before scientists collect data, they need to develop […]
Translating complex information into visual form presents great advantages in the world today. Organizations are now able to collect more information than a single person can consume or process. Translating gigabytes of data into charts, graphs, and color-coded maps makes it easier and faster to understand complex concepts or trends. Data visualization is now considered […]
Just how powerful is data analytics? Do we overestimate the ability of data analytics to provide a competitive advantage to businesses? Businesses built on data have been around for a while. Companies such as automakers and consumer goods manufacturers collect vast amounts of data on sales trends. Most of that data however is rarely about […]
Deep learning is a type of machine learning and artificial intelligence. It emulates the way humans gain knowledge from observing a task or data repeatedly. Deep learning enables computers to recognize, classify, and make predictions. The evolution of artificial intelligence began with the idea that it was possible to make computers take on tasks that […]
Managers often struggle to visualize the relationship between data science, analytics, and their business’s bottom line. However, data scientists will argue that there limitless ways to leverage analytics in business. The US spends the equivalent of 18% of its GDP on healthcare. If the US can find a way to increase efficiency and save 1% of […]
From the time I was born, I have been fascinated by the ideas of Machine Learning and Artificial Intelligence. I didn’t know it at the time, but the movie Star Wars (later titled A New Hope) was impacting me profoundly when it first introduced me to machines that can think. For my childhood mind, the […]
Throughout my career, there have been countless times my Data Science work has been referred to as magic. I have even had colleagues that refer to parts of their own Data Science projects as magic. I am always quick to try and correct this behavior, because as Data Science professionals, we don’t work in a […]
