Crayon Data recently participated in EmployABILITY – a job fair for differently able people. We were one among the 35 companies (J P Morgan, Reliance, Wipro, PayPal etc.) who participated in the event, looking for the candidates suitable to their requirements. As many...
Year: 2014
Recent Articles
9 qualities that make you a really good data scientist!
The term data scientist has been used lately to describe a wide variety of skills & roles. In this post I will focus on a particular flavor of data scientist. I will talk about the qualities needed to be a good data scientist-engineer who ships relevance products to...
Is Big Data a game – changer for businesses and travellers?
Data has become an integral part of our society today. Widespread use of the Internet, social media, location-based services, and multimedia are contributing to the ever-growing data explosion that is generating information about people, their preferences, likes and...
Irish flair + start-up energy, fuels the Web Summit
Jottings from the Web Summit (November 4-6, Dublin) Four of us from Crayon Data attended the Web Summit for the first time this year. Unsure of what to expect when we went in, it proved to be an unforgettable experience – here are some perspectives. A watering hole...
Bridging the gap between talent and big data analytics
his article, written by Crayon co-founder Srikant Sastri, appeared on InformationWeek. Big Data is a wonderful idea; it can revolutionize the way organisations work and solve problems. In order to turn this phenomenal idea into a reality, organizations need to gear up...
How Hospitality Industry is Leveraging the Big Data?
Appeared on hospitalitybizindia.com Data has become an integral part of our society today. Widespread use of the Internet, social media, location-based services and multimedia are contributing to the ever-growing data explosion that is generating information about...
Future Of e-commerce: 5 ways to improve business with Big Data
Big data is the buzz word of 2014. But big data will really play an enormous role in e-commerce in the near future. Of course online retailers already using cookies to store data from the shopping cart to get information about the customer behavior and needs. IP...
22 tips for better Data Science
These tips are provided by Dr. Granville, who brings 20 years of varied data-intensive experience working with successful start-ups, small companies across various industries, and eBay, Visa, Microsoft, GE and Wells Fargo. Tips for better Data Science 1. Leverage...
Exploring 5 big data training programs
With big data expertise in high demand, both universities and private companies are ramping up their education programs and big data training. Gartner expects that the BDA market will have 4.4 million jobs available by 2015, but only about one-third of them will be...
Why becoming a data scientist is NOT actually easier than you think
I was just doing some late night reading and came across this article. TL;DR - You can take the ML course on Coursera and you're magically a data scientist, because three really intelligent people did it. I disagree. I'm not claiming the people referenced in this...
5 tips for making Big Data more successful in healthcare sector
Successful 21st century healthcare organizations do not thrive based on the intuition of a few brilliant leaders; rather, they become modern data-driven businesses. Delivering better care, fostering population health and greatly reducing the per capita cost of care...
Top 7 tips to succeed with Big Data in 2014
Just when you thought big data couldn’t get any bigger, it got bigger still. Regardless of its actual size, big data is showing its value. Organizations everywhere have big data of all shapes and sizes. They recognize the importance, the opportunity, and even the...
Embracing change – how banks are adopting digital innovation
Banks are embracing innovation both internally and through third-parties such as the start-up community, as they attempt to improve customer service and compete in an increasingly digital landscape. The finance sector has typically been conservative with regards to...
Top 6 guidelines to adopt big data for Finance
The big data revolution has dramatically changed the financial services industry. The following driving factors have motivated the need for financial sector companies to collect, store and analyze massive volumes of data: 1. Changes in the delivery of financial...
AlgoMost contest for Data Scientists: Forecasting social network dynamic graph
International Data Science platform “AlgoMost”, which held a competition early this year among more than 500 data miners and data scientists, has launched a new challenge for data scientists: Forecasting development of a social networks’ dynamic graph. The competition...
VoltDB survey reveals Big Data goes to waste at most organizations
In Q1, 2014, VoltDB polled database managers, analysts, administrators and other IT professionals about the databases they use, the results of their Big Data projects, and opinions about Big Data technology advancements. The 2014 Big Data Survey reveals that most...
Eye-opening facts everyone should know about Big Data
We surely see a lot of hype surrounding big data but I believe the following 25 facts speak for themselves and help to paint a realistic picture of the phenomenon we now call ‘Big Data’ - a phenomenon that is changing the world as we know it. 1. Every 2 days we create...
Three mistakes to avoid if you are new to Machine Learning
Machine learning (ML) is one of the hottest fields in data science. As soon as ML entered the mainstream through Amazon, Netflix, and Facebook people have been giddy about what they can learn from their data. However, modern machine learning (i.e. not the theoretical...
The history of business intelligence: The 2000’s and now
Our three-part Business Intelligence series has looked at the key developments in BI from the 1960’s all the way to the late 1990s. In the first edition, we focused on the way data storage changed from hierarchical database management systems (DBMS), like IBM’s IMS in...
How to mine medical literature with added automated reasoning
How fast can you read? Probably not fast enough to keep up with scientific papers published at a rate of almost two a minute, or catch up with the around 50 million papers sitting waiting to be perused in public databases worldwide. All is not lost, though – a team of...
Data Mining creates new cancer classification system
Data mining information from more than 3500 tissue samples has found a way to classify cancer into 11 subtypes, finding characteristics that are shared between tumours that arise in different tissues. These findings could help doctors predict patients’ outcomes and...
How Formula One teams using Big Data to get the inside edge
The back room in the Infiniti Red Bull Racing garage at the Formula One U.S. Grand Prix looks more like a NASA mission control room than it does a garage. There are more computer monitors than there are eyeballs in the room, where three days before the race, several...
Cross-Channel Data Critical to Financial Marketers in the Digital Age
Big data and digital analytics are creating new opportunities for financial institutions to revolutionize their approach to marketing. It’s now possible to understand consumers at an individual level and deliver a highly targeted experience with timely, relevant...
Big Data – The perfect pill to boost the hospitality industry
Over the past several years, we have heard so many definitions of Big Data; some say it’s a “collection of data sets so large and complex that it becomes difficult to process using traditional data processing applications”, while others say it represents “the...
Top 10 ways to improve your data center energy efficiency
Many organizations have seen their storage requirements explode over the last few years, with total storage capacity growing at a compound annual growth rate of 53%, according to IDC. With that growth comes a corresponding increase in storage-related energy costs, but...
Salaries of chief data scientists touch Rs. 1 crore in India
The title has been around for less than a decade, but already ‘data scientist’ is considered to be among the sexiest jobs of the 21st century. In India it is no different. Data scientists — the term was coined in 2008 by DJ Patil and Jeff Hammerbacher — are a rare...
Nostradamus on Big Data: 5 predictions
It's almost 450 years since Nostradamus wrote his best-seller, 'Les Propheties, and gave everyone sleepless nights ever since. What predictions would he make today about Big Data in the 2015-2020 era? Prediction#1: The oppression "The hapless consumer will be troubled...
How Big Data helps me find my shoes!
I just got an email from an ecommerce website: they are offering a discount of 30% over and above the regular discounts for this weekend. I decided to check the site – on my phone – for a pair of casual shoes that I’ve been planning to buy. There were 3640 options –...
4 important questions that will change Machine Learning in coming decade
Over the past 50 years, Machine Learning has grown from the efforts of a handful of computer engineers, exploring whether computers could learn to play games, to a broad discipline that has produced fundamental statistical-computational theories of learning processes....
Top 20 questions you should always ask a Data Scientist
We all have our doubts about data and data scientists seem to know all the answers. These are the questions you should ask if you ever find a data scientist and trigger a good conversation. 1. What is the biggest data set that you processed, and how did you process...
9 ugly lessons about sex from Big Data!
Big Data: the friend you met at a bar after your usual two drinks, plus one. You leaned in, listening more intently than usual. “Digital footprint.” “Information Age.” You nodded and smiled, even though you didn’t understand. “Change the world.” “The future.” You were...
Top 5 things recruiters should ask their Big Data
Recruiting rockstars is almost as critical to the future of a business as having an amazing product offering that meets a critical market need. The human capital of any company truly is one of its most valuable assets. But unlike the technological advances in...
Are there four different types of Data Scientist?
Part of the field of predictive analytics has recently been thrust into the spotlight under a new name: Big Data. As specialist recruiters in this fast developing sector, we often fulfil an educational role with our clients – helping them define role requirements and...
9 online tools that use Big Data analytics for empowering consumers
Retailers use big data to extract as much money from the consumers as they can. For consumers, doesn’t it make sense to have ready access to the right kind of information, which enables them to make smart purchase decisions. Knowing how much to pay in order to consume...
Three simple steps to incorporate data into your marketing strategy
Data is definitely a game-changer. It opens up newer opportunities for letting you save money, save time or make more money. Effective use of data can aid in decision-making or help optimizing processes for leveraging your resources to their maximum. Big data and...
Why do we need Data Science when we’ve had Statistics for centuries?
Data Science is emerging as as one of the hottest new professions and academic disciplines in these early years of the 21st century. A number of articles have noted that the demand for data scientists is racing ahead of supply. People with the necessary skills are...
7 important things you must know about Big Data before adoption
There is absolutely no doubt that the right use of big data helps businesses become more profitable. But for this to happen, there are things businesses must know. Big data is the hottest technology trend going around right now. Crunching, analyzing and evaluating...
How to fight claims fraud with big data?
In today's highly competitive marketplace, most insurance companies have already streamlined their operations to optimise cost structures. Commoditisation of markets and lower investment returns are keeping pressure on insurers to tightly manage expense ratios....
How does employees’ personal data transform HR?
Big data will soon become an important part of the HR toolkit, according to a new report by the PwC consulting firm, bringing to workforce management the kind of data profiling many businesses currently use to zero in on customers. That may make privacy advocates...
Three simple ways to apply context to your enterprise data
Technology is a marvelous thing. There is more computing power in your pocket right now than was used to land men on the moon. Advanced computer and software technologies can predict natural disasters, stop crime and even drive driverless cars. Artificial intelligence...
Can you find true love through big data?
The history of the algorithm for dating websites date back to mid-1960s, where there was a computer service, where participants punched holes into a set of questions and a computer processed the questions from different participants and returned matches. The first...
Top 20 Big Data jobs and their responsibilities
Big Data is spreading much excitement in the IT job market worldwide and according to Gartner, by 2015, 4.4 million IT jobs globally will be created to support big data, generating 1.9 million IT jobs in the United States alone. Check out our list of top 20 Big Data...
What is Big Data: Definitions from 40+ thought leaders
“Big Data.” It seems like the phrase is everywhere. The term was added to the Oxford English Dictionary in 2013, appeared in Merriam-Webster’s Collegiate Dictionary by 2014, and Gartner’s just-released 2014 Hype Cycle shows “Big Data” passing the “Peak of Inflated...
Can Nanotechnology and Big Data be the next industrial revolution?
A report, commissioned by the Lloyd’s Register Foundation, found that nanotechnology will have a far reaching impact on almost every industry including energy, transportation, manufacturing, medical, computing and telecommunications. It also said the engineering...
Top 13 big data companies that offer food resilience innovations
Can Big Data offer the most fertile solution for countering systemic food waste and frightening future scarcity scenarios? Last month Microsoft, Amazon Web Services, Coca-Cola, Nestlé and dozens of other companies started sowing the seeds for a crop of powerful...
Big Data used mostly for Business Intelligence in India: Survey
Majority of the decision makers in Indian enterprises have ranked Business Intelligence as the major use of Big Data. They also agree that cloud computing and Big Data can give significant impact for their business. According to a survey by online education company...
Big Data and the pursuit of the body’s hidden drugs
Here are a few facts about Berg, a pharmaceutical and diagnostics company headquartered in Framingham, MA, that seem calculated to set off all the alarm bells in the head of a skeptical observer: The president and CTO, Niven Narain, claims that his company can cut the...
Seven common problems of scaling Hadoop
Every Hadoop implementation encounters the occasional crisis, including moments when the folks running Hadoop feel like their hair is on fire. Sometimes it happens before you get to production, which can cause organizations to throw the Hadoop baby out with the...
Top 20 most effective Predictive Analytics softwares
Predictive analytics is a technique in advanced analytics used to predict trends and behaviour patterns for unknown future events by analyzing massive amount of both structured and unstructrued data. It uses many techniques from data mining, statistics, modeling,...
Top 10 worst practices to avoid in Business Intelligence
Business intelligence (BI) has great potential in transforming the raw data into meaningful and useful information for businesses to identify, develop and create new strategic business opportunities. But, the right use technology plays a critical role in the success...