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.
Whilst most businesses don’t earn revenue by processing data, they do spend a large amount of their hard earned revenue in manually processing data, validating it and ultimately performing manual tasks that don’t scale. But at what point does this manual involvement become a burden of cost upon your business?
Big data sets are so complex and large that common data processing tools and technologies cannot cope with them. The process of inspection of such data and uncovering patterns is called big data analytics. The basic question which arises in our mind is, “In what way is the drug discovery
This article is part of a media partnership with PyData Berlin, a group helping support open-source data science libraries and tools. To learn more about this topic, please consider attending our fourth annual PyData Berlin conference on June 30-July 2, 2017. Matti Lyra and other experts will be giving talks
This is the continuation of the Frequency Distribution Analysis using Python Data Stack – Part 1 article. Here we’ll be analyzing real production business surveys for your review. Application Configuration File The configuration (config) file config.py is shown in Code Listing 3. This config file includes the general settings for
Fintech is becoming an increasingly competitive market. A KPMG analysis saw investments decline in 2016 and investors are now more cautious about betting on segments that are becoming saturated. Lending and payments are two segments that saw increased participation over the past two years. Competitors come in all forms. We
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During my years as a Consultant Data Scientist I have received many requests from my clients to provide frequency distribution reports for their specific business data needs. These reports have been very useful for the company management to make proper business decisions quickly. In this paper I would like to
R is ubiquitous in the machine learning community. Its ecosystem of more than 8,000 packages makes it the Swiss Army knife of modeling applications. Similarly, Apache Spark has rapidly become the big data platform of choice for data scientists. Its ability to perform calculations relatively quickly (due to features like in-memory
Data processing today is done in form of pipelines which include various steps like aggregation, sanitization, filtering and finally generating insights by applying various statistical models. Amazon Kinesis is a platform to build pipelines for streaming data at the scale of terabytes per hour. Parts of the Kinesis platform are
Welcome to Part 2 of How to use Elasticsearch for Natural Language Processing and Text Mining. It’s been some time since Part 1, so you might want to brush up on the basics before getting started. This time we’ll focus on one very important type of query for Text Mining.