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.
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.
The R language is often perceived as a language for statisticians and data scientists. Quite a long time ago, this was mostly true. However, over the years the flexibility R provides via packages has made R into a more general purpose language. R was open sourced in 1995, and since
For people in the know, machine learning is old hat. Even so, it’s set to become the data buzzword of the year — for a rather mundane reason. When things get complex, people expect technology to ‘automagically’ solve the problem. Whether it’s automated financial product consultation or shopping in the supermarket of
If the popular media are to be believed, artificial intelligence (AI) is coming to steal your job and threaten life as we know it. If we do not prepare now, we may face a future where AI runs free and dominates humans in society. The AI revolution is indeed underway. To
The late data visionary Hans Rosling mesmerised the world with his work, contributing to a more informed society. Rosling used global health data to paint a stunning picture of how our world is a better place now than it was in the past, bringing hope through data. Now more than