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Business Analytics(Data Science): A New Career Wave

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Page 1: Business Analytics(Data Science): A New Career Wave
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Page_1LearnUnbound.com

ABOUTLearnUnbound 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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90% of today’s data has been generated in

last two years.-IBM

Infographic: www.domo.com

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1

2Preventing Crime

The idea is to predict the crime before it happens.

Proven Buy-In by OfficersNovice 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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Proven AccuracyPredicted twice as much crime as experienced crime analysts in 6 month randomized controlled trials.

Proven Crime ReductionsIn Los Angeles’ Foothill Division, crimes were down 13% in the 4 months.

Minority Report A Reality!

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HISTORY

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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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Data Analytics: IOT

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Data Analytics: IOT

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APPLICATION OF ANALYTICS

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RETAILA 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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NATIONAL FOOTBALL LEAGUE

•Player Performance Predictions•Scenario Planning•Flexible Match Strategies

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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

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ANALYTICS TOOLS

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Machine Learning

Data Munging

Data Visualization

Statistical Modeling

Analytics Tool Knowledge

Communication

DESIRED SKILLS

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Partners Logo Partners URL ID

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Partners Logo Partners URL ID