The world around us is changing so rapidly, that even the hype big data is already outdated. Big data is nothing new any more, and by now we all know that more data is coming our way, rapidly. But in big data itself is no value at all. Â We can all generate massive amounts of data after all. By itself, big data is not transformative. Not even big data analytics is driving the … [Read more...] about 7 Reasons why the Algorithmic Business will Change Society
algorithms
Are Algorithms Taking Over Our World?
Algorithm: a set of instructions given to a set of input data to determine an output. Quite simple really. It's like math, but a bit more complicated. Are algorithms going to take over the world? Well, after listening to this TED Talk, seems like they already rule the call centers. That's right. The infamous: "This call may be recorded or monitored for quality assurance … [Read more...] about Are Algorithms Taking Over Our World?
Top 10 Data Mining Algorithms, Demystified
Today, Im going to explain in plain English the top 10 most influential data mining algorithms as voted on by 3 separate panels in this survey paper. Once you know what they are, how they work, what they do and where you can find them, my hope is youll have this blog post as a springboard to learn even more about data mining. What are we waiting for? Lets get started! Here are … [Read more...] about Top 10 Data Mining Algorithms, Demystified
Data Scientists’ Who Needs Them?
In our MBN Solutions blogs, we discuss the issues of how there is a growing skills gap in many organisations in respect of the staff and competencies an organisation needs to fully exploit what is widely referred to as Big Data. This time round, we explore a question we are frequently asked, do we really need a data scientist? If we start by exploring the vast number of … [Read more...] about Data Scientists’ Who Needs Them?
The Perils Of Marketing Attribution
One of the hottest topics in analytics today is marketing attribution. Attribution, for those unfamiliar, is the process of assigning credit to various marketing efforts when a sale is generated. In the modern world, this is no easy task. There are myriad ways to touch a customer today and the goal of attribution is to tease out the impact that each touch had in convincing you … [Read more...] about The Perils Of Marketing Attribution
