India has become the global hub for analytics. Multi-nationals from all over the globe are setting up analytics centers in India. This is largely due to two reasons- Availability of skilled, English-speaking talent Cost arbitrage India has a large number …
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A decision tree is a predictive model that, as its name implies, can be viewed as a tree. The predictions are made on the basis of a series of decision much like the game of 20 questions.For instance, if a loan …
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Growing demand for analytics in business A recent study by Gartner predicted advanced analytics as one of the top 10 strategic technologies for businesses in 2011. IBM has invested over 15 billion dollars in the last 4 years to acquire …
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Business analytics is a fast growing field and there are many tools available in the market to serve the needs of organizations. The range of analytical software goes from relatively simple statistical tools in spreadsheets (ex-MS Excel) to statistical software …
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Often times, in businesses and outside, people need to evaluate whether the parameters of two populations are alike or different. A pharmaceutical company may want to know whether a new drug causes one reaction in one group and a different …
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Clustering is the process of grouping observations of similar kinds into smaller groups within the larger population. It has widespread application in business analytics. One of the questions facing businesses is how to organize the huge amounts of available data …
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What’s the sentiment on “sentiment analysis”? Is the field ready to take off?
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