The State of Data Science: Expertise Shortage Creates a Need for Innovation

| April 30, 2019

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The world’s most valuable resource is no longer oil but data. As a result, the skills required to convert data into insights that generate revenues are in high demand. Unfortunately, one of the biggest hurdles companies face when trying to capitalize on their data sets is a lack of data scientists and machine learning practitioners.These professions require a wide array of specialized skills ranging from statistics, probability, and linear algebra to computer science. In an interview with DATAVERSITY®, Andras Palfi, data scientist at Bigstep talked about strategies for companies dealing with a lack of skilled personnel.

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Predictive Analytics: Enabling Businesses Achieve Accurate Data Prediction using AI

Article | July 13, 2021

We are living in the age of Big Data, and data has become the heart and the most valuable asset for businesses across industry verticals. In the hyper-competitive market that exists today, data acts as a major contributor to achieving business intelligence and brand equity. Thus, effective data management is the key to accelerating the success of businesses. For effective data management to take place, organizations must ensure that the data that is used is accurate and reliable. With the advent of AI, businesses can now leverage machine learning to predict outcomes using historical data. This is called predictive analytics. With predictive analytics, organizations can predict anything from customer turnover to forecasting equipment maintenance. Moreover, the data that is acquired through predictive analytics is of high quality and very accurate. Let us take a look at how AI enables accurate data prediction and helps businesses to equip themselves for the digital future.

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WHY IT’S TIME FOR BUSINESS LEADERS AND DATA SCIENTISTS TO COME TOGETHER

Article | March 21, 2020

In today’s digital revolution, the realm of data is growing at an unprecedented rate and will continue to rise as businesses will leverage more smart technologies or devices. However, maintaining and processing these myriad amounts of data require massive computing power and the knowledge to use it. Moreover, companies these days are utilizing data to make data-driven decisions and this pursuit of data-driven decision-making can make them to seek out data science.

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How Data Analytics in The Hospitality Industry Can be Helpful?

Article | June 9, 2021

In recent years, we have seen more industries adopt data analytics as they realize how important it is. Even the hotel industry is not left behind in this. This is because the hospitality industry is data-rich. And the key to maintaining a competitive advantage has come down to ‘how hotels manage and analyze this data’. With the changes taking place in the hospitality industry, data analysis can help you gain meaningful insights that can redefine the way hotels conduct business.

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KAIST Develops Technology for AI-based High-resolution Image Creation

Article | April 7, 2020

The Korea Advanced Institute of Science and Technology (KAIST) announced on April 6 that professor Yoo Hoi-jun and his research team have succeeded in developing a generative adversarial networks processing unit (GANPU) as an AI chip processing GAN with low power and high efficiency. The AI chip is capable of quickly processing arithmetic operations required for image synthesis and restoration on a mobile basis. The single chip is capable of realizing image recognition, inference, learning and determination with low power and high efficiency and is expected to contribute to the use of AI in mobile devices for more purposes.

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PENTOZ

Pentoz is a Leading business innovation firm for new business ideas focusing on Web, Mobile and Gaming Apps Development. Based in Texas, London, Bengaluru, Coimbatore, and Ooty building apps for startups and fortune 500 clients.

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