Today, the internet bleeds into almost every facet of everyday life — it empowers our productivity, enhances our entertainment, and enables our communication. As it does these things, of course, it generates a vast quantity of data: rich, complex, wide-reaching data on everything from the money we spend to the websites we visit. Data science […]
Task management applications are changing the way we manage teams. Here are some of the primary benefits of these task management applications: Task management tools improve team productivity Task management tools make sure that teams operate more efficiently Task management tools minimize worker stress Task management tools help with monitoring trends Machine learning is playing […]
One of the most fascinating things about big data is its ability to optimize the design of products that have pre-dated digital technology by centuries. One of the most interesting examples is with magnets. Magnets are ancient devices. They are so old, that the history of their discovery has been lost in legend. It is […]
Hyperparameter tuning is a common technique to optimize machine learning models based on hyperparameters, or configurations that are not learned during model training. Tuning these configurations can dramatically improve model performance. However, hyperparameter tuning can be computationally expensive, slow, and unintuitive even for experts. Databricks Runtime 5.4 and 5.4 ML (Azure | AWS) introduce new […]
MLflow is an open source platform to help manage the complete machine learning lifecycle. With MLflow, data scientists can track and share experiments locally (on a laptop) or remotely (in the cloud), package and share models across frameworks, and deploy models virtually anywhere. Today we are excited to announce the release of MLflow 1.0. Since […]
FINRA (Financial Industry Regulatory Authority), a regulatory body charged with protecting the U.S. securities market, spoke at the Spark + AI Summit on how they use Databricks Unified Analytics Platform to analyze up to a 100 billion stock market events per day for fraud detection and prevention. This is a summary of their story from Summit. […]
In a previous article I shared some of the challenges, benefits and trends of Big Data in the telecommunications industry. This time, I will focus on the financial services industry based on previous IBM studies in this industry and some personal experiences. An Industry Without Physical Products Big Data’s promise of value in the financial […]
Nowadays, every organisation is a data organisation. This not only applies to commercial organisations, but also to governments. Governments at every level – local, regional, national and supranational – should take a different approach to organise their activities. However, becoming a data organisation is not an easy feat. It requires governments to rethink all their […]
Big data is changing the direction of customer service. Machine learning tools have led to the development of chatbots. They rely on big data to better serve customers. Namee Jani wrote a fascinating article on chatbots and data analytics last year. She said they are the next big thing in business optimization in her article […]
The future offers interesting and exciting times ahead for most businesses. With data being a big influencer in the enterprise of the future, it is a matter of time before we jump into the era of intelligent enterprises. Intelligent enterprises are going to be organizations that offer exemplary customer experience and have an efficient operations […]