The global pandemic has expedited the adoption of digital channels for consumers almost overnight. Not only has it enforced a need to practice high standards of hygiene but has also brought on board a large consumer base to adopt technology—one of the stronger catalysts in the overall adoption of digital channels. Retailers have leveraged this… Continue reading The Advantage of Real-time Analytics for BOPIS
Topic: Data Science Consulting
Top Four Challenges and Fixes in Telematics Management
“The Global Vehicle Telematics market was valued at USD 43.61 Billion in 2019 and is expected to reach USD 129.2 Billion by the year 2027.”[1] Telematics, the process of analyzing and collecting data from vehicles, is used primarily for fleet management, workforce efficiency and more. The advantages of telematics include accurate measurement of data, driving… Continue reading Top Four Challenges and Fixes in Telematics Management
How Analytics Can Boost Subscription Retail
‘Subscription’ has steadily become a buzzword across industries and verticals in the past few years, with players in sectors such as technology, music, CPG goods, fashion, automobiles, and news innovating to offer unique subscription services. As consumer preferences across the globe see a monumental shift in favor of affordable, flexible, and convenient shopping experiences, the… Continue reading How Analytics Can Boost Subscription Retail
The Growing Significance of 3D Printing & Big Data in the Retail Sector
In 2019, the 3D printing market was valued at USD 13.7 billion, and in 2025, it is expected to be valued at USD 63.46 billion, growing at a CAGR of 29.48%. [1] Reports suggest that systems manufacturers make up a major part of the additive manufacturing (AM) market, at 38%. Aerospace, medical, automotive and industrial goods… Continue reading The Growing Significance of 3D Printing & Big Data in the Retail Sector
OCR + Facial Recognition = NextGen e-KYC
The BFSI sector is marred with incidents of money-laundering and nefarious activities. “The estimated amount of money laundered globally in one year is 2 – 5% of global GDP, or $800 billion – $2 trillion in current US dollars.[1]” And one of the major technologies that when implemented effectively, can reduce risk of money laundering,… Continue reading OCR + Facial Recognition = NextGen e-KYC
Why Do You Need Data Science In The Pharmaceutical Industry?
Enabling drug design and development: Vast amounts of structured and unstructured biomedical data, available from clinical trial publications, journals, EMRs, social media, and laboratories, hold key insights for researchers to implement in future drug research. AI offers an effective way to collate and analyze this data through scalable algorithms that study varied types of information,… Continue reading Why Do You Need Data Science In The Pharmaceutical Industry?
Customer 360! The What, Why and How
One of the most important targets for any B2C model businesses is “Customer Satisfaction”. Be it through providing a better value for money, or through customized consumer support or by any other means of business.But how does a business understand the finer aspects of individual customer persona, what the customer is trying to do, what… Continue reading Customer 360! The What, Why and How
Five Ways Data Can Power the Airline Industry Reboot in Pandemic Times
The revenue loss for the aviation industry, worldwide, due to the pandemic outbreak is estimated to be at 314 Billion USD [1]. The economic implications of the COVID-19 pandemic, therefore, are far-reaching, to say the very least. The airlines industry has been one of the worst affected sectors where businesses came to a screeching halt as… Continue reading Five Ways Data Can Power the Airline Industry Reboot in Pandemic Times
Assessing Analytical Maturity of an Organization – Part 1: Are Your Analytics Efforts Viable?
How did David with only a staff, sling, and five stones from a brook defeat the Philistine giant Goliath? Why did the ‘unsinkable ship of dreams’, the Titanic sink to the depths of the Atlantic Ocean on its maiden voyage? And why are organizations, big or small, unable to extract true value even after investing millions… Continue reading Assessing Analytical Maturity of an Organization – Part 1: Are Your Analytics Efforts Viable?
Delving Deep into the Causation vs Correlation in Data Science Analogy
Popularity of the field of Data Science has given birth to a debate on how we use the words correlation and causation, suggesting distinct meaning of each rather than one complementing the other. Commonly, correlation has always been used to substantiate that a strong relationship between two events meant an influence of one over the… Continue reading Delving Deep into the Causation vs Correlation in Data Science Analogy