News Roundup: Data Science and Analytics
Welcome to the first edition of our industry news roundup blog series! At Exadel, we are committed to helping our enterprise clients succeed in healthcare, financial services, and other industries using some of the top emerging technologies, including IoT, mobile, and much more. Since our clients are on the bleeding edge of innovation, we find it is equally, if not more, important for us to be staying on top of the latest trends in technology.
In this post, we wanted to dive into the topic of data science and analytics. Why? Big Data and analytics is a major service we offer. We realize the importance of connecting data back to business value. And, we are not the only ones! The airwaves have been buzzing with news, trends, and best practices for Big Data, data science, analytics, and things KPI-related. Continue reading for 5 of the latest top stories on this topic:
The Future of Data Science is Augmentation, not Automation
Jessica Davis | InformationWeek
“A decade ago the iPhone was a new device and there wasn’t an app for much of anything. Competing on analytics was a new concept. And we were considerably less worried about artificial intelligence taking our jobs and taking over our world. Boy, things have changed in the last 10 years.”
The Amazing Ways Coca Cola Uses Artificial Intelligence And Big Data To Drive Success
Bernard Marr | Forbes
“The Coca Cola Company is the world’s largest beverage company selling more than 500 brands of soft drinks to customers in over 200 countries. Every single day the world consumes more than 1.9 billion servings of their drinks including brands like Coca Cola (including Diet and Zero) as well as Fanta, Sprite, Dasani, Powerade, Schweppes, Minute Maid and others.”
Data Quality in the era of A.I.
George Krasadakis | Medium
“Data-intensive projects have a single point of failure: data quality
As the director of datamine decision support systems, I’ve delivered more than 80 data-intensive projects — including data warehousing, data integration, business intelligence, content performance and predictive models — across several industries and high-profile corporations. In most cases, data quality proved to be a critical success factor.”
The big data revolution: the high price of a force for good
Iain Withers | Telegraph UK
“Big data is fast revolutionising healthcare, but the NHS and industry are only just waking up to the accompanying threats to patients’ privacy. Within a few years databases of millions of patients’ DNA data or clinical information are expected to play a much bigger role in helping clinicians diagnose disease.”
Data Science is next big thing In decision-making
Anish Srikrishna | Economic Times
“When you buy a product from an online marketplace, have you ever wondered how your order gets processed among millions of others?
Does it baffle you how some banks use chatbots to solve customer queries based on transaction history, or that financial and portfolio management institutions deploy sentiment analysis and algorithms to consistently generate handsome returns for customers. In the age of decision sciences, all this and more can be effortlessly achieved.”
Be sure to stay tuned to our blog for the latest industry news and to read more about our own insights into some of these major trends.