While the field of data science is not tied directly to Big Data, advances in one tends to produce advances in the other. Big Data increases our ability to harvest and process data, while data science allows us to dig into it for insights.
Competent analysis is not only about understanding statistics, but about implementing the correct statistical approach or method. In this brief article I will showcase some common statistical blunders that we generally make and how to avoid them. To make this information simple and consumable I have divided these errors into
Dataconomy has joined forces with Alexandra Deschamps-Sonsino, one of the world’s leading IoT entrepreneurs and influencers, to run an exclusive, 3-day IoT workshop in Berlin, February 24-26, 2017. Alexandra will host an intensive course where she will provide guidance and share everything she knows about how to build a business that offers
IoT data offers answers to a simple question: “Are things changing or staying the same?” There are new data streams generated each day, that make it possible to quantify the formerly unquantifiable. The Internet of Things (IoT) enables us to measure processes and react more quickly to ever-evolving conditions, not
Social networks, in one form or another, have existed since people first began to interact. Indeed, put two or more people together and you have the foundation of a social network. It is therefore no surprise that, in today’s Internet-everywhere world, online social networks have become entirely ubiquitous. Within this
One of the coolest things about being a data scientist is being industry-agnostic. You could dive into gigabytes or even petabytes of data from any industry and derive meaningful interpretations that may catch even the industry insiders by surprise. When the global financial crisis hit the American market in 2008, few
Cognitive Computing: What’s in a Name? Cognitive computing might be one of the many buzzwords that you today hear and see alongside such terms as Artificial Intelligence, Machine Learning, Deep Learning and Big Data. However, quite opposite to these terms, Cognitive computing, as it seems, does not have a clear
You may not realize it, but your car probably already has some self-driving technologies—even basic ones. For example, many of the newest cars have lane assist or park assist, which can help you avoid unintended lane violations or better ease into parking spots. But those car assistance technologies depend on
Using tabs or spaces when writing a new line of code has been one of the fiercest battles ever fought among coders. Because we don’t live in a perfect world where everybody indents and aligns according to the same standards, the debate is ultimately reduced to how source-code is displayed in editing software.
Financial institutions have become data hoarders Banks, hedge funds, and asset managers have become data hoarders. However, many of these firms find it difficult to make use of all of this data. They need tools that can be used to extract information from various internal unstructured content and to democratise
ElasticSearch is a search engine and an analytics platform. But it offers many features that are useful for standard Natural Language Processing and Text Mining tasks. 1. Preprocessing (Normalization) Have you ever used the _analyze endpoint? As you know ElasticSearch has over 20 language-analyzers built in. What is an analyzer