Data Driven Strategy
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Data science is an evolution of the Analytics. Compared to the analytics, it includes more of the business knowledge and understanding, and technically it goes more into the predictive analytics and machine learning. It is usually more flexible and agile, and it has an ability to answer to less traditional questions.
Machine learning represents algorithms that can learn from the data. They allow computers to find hidden insights and patterns in datasets, without being explicitly programmed where to look.
Analytics is the discovery, interpretation, and communication of meaningful patterns in data. Analytics relies on the simultaneous application of statistics, computer programming and operations research to quantify performance and interpretation of the results to the decision makers.
Big Data represents data that is coming at high speed and is in quantities that exceed the capabilities of traditional software for storing, processing and data management.
Small data is a dataset that contains very specific attributes. Small data is used to determine current states and conditions or may be generated by analyzing larger data sets.
Data warehouse (DW or DWH), also known as an enterprise data warehouse (EDW), is a system used for reporting and data analysis and is considered as a core component of business intelligence environment. DWs are central repositories of integrated data from one or more disparate sources.
9 Nov 2018
The client’s path, from conceiving an idea to making it a project in the bank, used to be clear, but unpredictable. It involved a potentially noticed ad or the [...]Read moreRecommender Systems and Banks: Precious Recommendation
5 Nov 2018
Students of the first Data Science Academy spent three months on a journey through the world of data science, big data and analytics. Although most of them are [...]Read moreData Science Academy Finals: „New Knowledge Is Always Welcome”
10 Apr 2018
Some of the main tasks for the bankers are, among others, keeping, preserving, deriving more from less, taking the best out of what the clients deposit to them, with [...]Read moreBig Data and Banking: How Our Data Protects Us
30 Mar 2018
A man is defined in numerous scientific ways, but one definition seems unchanged since the beginning of time. The man is the creature that communicates – from [...]Read moreWhy the Telco Industry seems destined for Big Data
5 Mar 2018
In every business, the ultimate dream is the one about the magic success formula. The search for ingredients is very extensive, but they often live next door. So now [...]Read moreSuccess Formula: Science, Business and Programming
3 Jul 2017
The Internet is becoming the largest global shop across markets, and anyone who is offering products and services of any kind prefers for web shops to become the [...]Read moreInteractive log analysis with Apache Spark