Modern Data Warehousing

Access to relevant customer and industry information is the primary competitive advantage businesses have over their direct and indirect competitors today. It’s the smartest approach to remaining vigilant in a business environment where competition is at an all-time high. That’s where data warehousing comes in. Data warehouses are central repositories of integrated data from one or more disparate sources used for reporting and data analysis, which—in an enterprise environment—supports management’s decision-making process. Digitalization is integrated into the foundations of today's business landscape, and there is…

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How to choose the right algorithm for your machine learning problem

With the recent machine learning boom, more and more algorithms have become available that perform exceptionally well on a number of tasks. But knowing beforehand which algorithm will perform best on your specific problem is often not possible. If you had infinite time at your disposal, you could just go through all of them and try them out. The following post shows you a better way to do this, step by step, by relying on known techniques from model selection and hyper-parameter tuning.   Step…

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Free Your Data With Open APIs For Banking

Flashy fintech solutions promise to help financial services companies thrive in the digital economy. Although these innovative offerings are getting lots of news coverage, there is a quieter but more transformational shift emerging: a movement to free data from the proprietary applications that create, process, and store information. Although these apps store terabytes of valuable data, the information is not traditionally available to third parties. Closed apps cannot be consumed by fintech solutions or used to make information available that might help financial services companies…

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Business Intelligence vs Analytics vs Big Data vs Data Mining

The business technology landscape has been shifting so fast lately that if you turn your head for a moment and then turn back you may not recognize what you’re seeing. Advances in the markets for mobile software and cloud services just in the last few years have opened the way for an entirely new type of relationshp between IT and business users. One result of this rapid change is that old boundaries between areas and practices are beginning to blur. Then there are the completely new…

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Artificial Intelligence in Marketing and Advertising – 5 Examples of Real Traction

In the hundreds of researcher and executive interviews we’ve been fortunate enough to conduct in the last three years, few artificial intelligence applications are brought up more than marketing and advertising. During talks with execs and researchers from companies ranging from Facebook to Baidu, and IBM to AT&T, marketing has been a perennial theme in conversations of AI’s hottest applications. This article aims to serve as a kind of executive primer for the intersection of AI and marketing, and the article itself has been broken into three distinct sections for that…

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Artificial Intelligence vs. Machine Learning

During the past few years, the terms artificial intelligence and machine learning have begun showing up frequently in technology news and websites. Often the two are used as synonyms, but many experts argue that they have subtle but real differences. And of course, the experts sometimes disagree among themselves about what those differences are. In general, however, two things seem clear: first, the term artificial intelligence (AI) is older than the term machine learning (ML), and second, most people consider machine learning to be a…

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So, what does d4t4v1z mean?

Some of You might wonder what this strange "d4t4v1z" means. You might think, that my forehead just hit the keyboard when I ordered a Domain name. Short answer is NO! 😉 Maybe You think, that this is some kind of a abbreviation for something like "Did flight travels for various onehanded Zen-Masters." That´s also wrong, sorry! Some of You might have guessed it already: "d4t4v1z" stands for "DATAVIZ", which is a combination of "Data" an "Vizardry". Not that I would call me a Data Vizard - I´m far from beeing that. It´s more a hint…

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Open Data on the Web

Finding an interesting data set and a story it tells can be the most difficult part of producing an infographic or data visualization. Data visualization is the end artifact, but it involves multiple steps – finding reliable data, getting the data in the right format, cleaning it up (an often underestimated step in the amount of time it takes!) and then finding the story you will eventually visualize. Following is a list useful resources for finding data. Your needs will vary from one project to…

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