The goal of a Data Scientist is to go beyond descriptive statistics and reporting on what has happened to providing a best assessment on what will happen in the future. The end result is to streamline decision making and produce new insights that lead to better actions.
Driving Behavioral Change for Information Management through Data-Driven Gree...
Business Analytics(Data Science): A New Career Wave
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ABOUT
LearnUnbound is a ‘Content Driven’ Social Discovery Flatform in the
Learning Space. The Platform facilitates better Discovery of quality
learning by letting people Connect, Create & Share Content,
Feedback & Information around their areas of interests.
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1
2Preventing Crime
The idea is to predict the
crime before it happens.
Proven Buy-In by Officers
Novice or newer police
officers have come up the
learning curve faster while
veterans have added to
their institutional
knowledge.
Minority
Report A
Reality!
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GROWTH OF ANALYTICS
• The Advanced and Predictive Analytics (APA) software
market is projected from grow from $2.2B in 2013 to $3.4B
in 2018, attaining a 9.9% CAGR in the forecast period.
• A.T. Kearney forecasts global spending on Big Data
hardware, software and services will grow at a CAGR of
30% through 2018, reaching a total market size of $114B.
• Cloud-based Business Intelligence (BI) is projected to grow
from $.75B in 2013 to $2.94B in 2018, attaining a CAGR of
31%.
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RETAIL A study was done by a
retail grocery store. The
findings were that men
between 30- 40 years in
age, shopping between
5pm and 7pm on Fridays,
who purchased diapers
were most likely to also
have beer in their carts.
This motivated the grocery
store to move the beer isle
closer to the diaper isle and
wiz-boom-bang, instant
35% increase in sales of
both.
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Target’s Baby Product Campaign
Challenge
• Increasing sales of baby and
maternity related products
Method
• To predict if a women is
pregnant and then cross sell
them the products
Process
• A statistical model which tells
the probability of a women to
be pregnant