Predictive analytics is the use of algorithms on existing data sets to predict future trends or outcomes. In part 1 of this article, we learned what predictive analytics is and how it is revolutionizing the e-commerce industry by improving conversions of online…
12 ways Predictive Analytics is changing the E-commerce Industry- Part 1
Predictive analytics has been around for decades, but its practical applications have only begun to reach the limelight. Predictive analytics is used to extract information from existing data sets to make precise predictions of future events using the sciences of advanced…
An Introduction to Transfer Learning
Lorien Pratt published the first known paper on transfer learning in 1993. Since then, there has been a lot of research in this space. With time, it has made deep learning more straightforward. It’s importance and value escalated so much that in 2016,…
Use Cases of AI in the Finance Sector
Since its inception, Artificial Intelligence (AI) has come a long way both as a concept and as a technology. Today, AI is an integral part of the most demanding and fast-paced industries across verticals. One of such sectors in fin-tech services…
Why EDA is Crucial for any Data Science Project?
Exploratory data analysis is one of the best practices used in data science today. EDA is all about using statistical modeling and visualization techniques to reform the available data. The reformation is carried out to filter out essential aspects of that…
Network Fault Detection Using Machine Learning
Communication Service providers (CSPs) today are looking at applications of artificial intelligence (AI) in the telecom industry to ensure a seamless service and user experience for their clients. Also, as 5G services enter the telecom sector, the CSPs would face renewed…
Use Cases of AI in Healthcare
With IBM Watson, virtual health assistants, medical imaging diagnostics, the AI-powered medical care center in China, etc., Artificial Intelligence (AI) has already made its mark in the healthcare sector. All major players in the healthcare sector today look to leverage AI…
Why is AI the Future of Cyber Security
In the digital era, volumes of sensitive data are maintained by governments and enterprises. Cyber security involves the deployment of various methods that protect this information technology from unauthorized access. However, the nature of cyber-attacks is constantly evolving. Therefore, it becomes…
Artificial Intelligence in Phone Cameras
Right now, and for the foreseeable future, the most evolving and useful technology is Artificial Intelligence (AI), and it is unlikely that you would find the latest smartphones without any sort of AI power. A list of mid-range and high-end smartphones…
Why Good Data Visualization is Imperative Today
You just hired a new data analyst who has been working in the field of data science for approximately two years. You ask him to develop a data visualization for effects on productivity due to a new policy change across all India offices of your organization. He munches through the data, draws some excellent insights, and develops the following data visualizations.