In recent times, I have read a number of articles lamenting the frequent lack of value resulting from large-scale analytics and data science initiatives. While I have seen substantial value driven from many efforts, I have also seen examples where the results were very poor. My belief is that oftentimes the problems can be boiled down to one basic mistake. Namely, thinking that … [Read more...] about Why Predictions Are Not Enough
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How Natural Language Processing Makes Our Lives Easier And Improves Your Business
We have all heard the sentence This call may be recorded for quality and training purposes when you call the call center of a company. Although some calls are indeed used for training purposes, more often they are used to improve Natural Language Processing algorithms. The data from these calls help to create statistical models of phrases and words to improve the automated … [Read more...] about How Natural Language Processing Makes Our Lives Easier And Improves Your Business
Inside Industry 4.0: What’s Driving The Fourth Industrial Revolution?
Industry 4.0 is much more than just another buzz word. The term Industry 4.0 refers to the fourth industrial revolution and is comprised of growing trends in automation, the internet of things, big data and cloud computing technologies. Just like steam power, electricity and digital automation of the past, cyber physical systems will create the factory of the future; the smart … [Read more...] about Inside Industry 4.0: What’s Driving The Fourth Industrial Revolution?
4 Ways to Improve Your eCommerce Business with Big Data
For the last couple of years, Big Data has been a buzzword in basically every industry, and seeing how much actionable data the Internet creates on a daily basis, its not hard to see why. In the last five years, the overall global population of internet users has grown by around 60% - from 2.2 billion in 2011 to 3.5 billion users at the moment according to data gathered by … [Read more...] about 4 Ways to Improve Your eCommerce Business with Big Data
What is Video Analytics and Why is it Becoming Such a Big Player?
Explosive trends in the video analytics market has really caught the eye of business intelligent departments. This little known software is quickly picking up speed for an expansive amount of applications. From security to public safety to crowd management, video analytics have begun to see a big boom on the business world. Video analytics, or intelligent video analytics, is … [Read more...] about What is Video Analytics and Why is it Becoming Such a Big Player?
