Category Archives: News

Hear our Chief Data Scientist at Strata+Hadoop conference

Gramener’s Chief Data Scientist – S Anand , will be speaking at the Strata + Hadoop conference presented by O’Reilly and Cloudera – which will be held in London during 5-7 May 2015.

On the theme titled “visualizing the world’s largest  democratic exercise”,  Anand will  share how Gramener has analysed and visualized Indian general elections 2014 for CNN and bing.com.

Click for details

Data science news

Data Visualization: The Next Frontier for Big Data 

In a recent Business2Community column, Howard University Marketing Professor Angela Hausman says data visualization tools can make descriptive and predictive analytics more accessible.
“… regardless of the tool, data visualization, at its best, should uncover new patterns of relationships not visible to the naked eye,” Hausman writes. “Hence, the key to effective data visualization is the ability to capture patterns and relationships in clean, simple visuals that allow the signal to stand out from noise contained in the data.”

How businesses can benefit from visual analytics 

Enterprises seek innovative techniques that help them draw attention to key messages and allow them make informed business decisions in complex situations. Visual analytics is one such method that allows decision makers to gain insight into complex problems. It simplifies data values, makes it easy to understand and helps enterprises in communicating important messages and insights which otherwise would be difficult to understand without deep technical expertise.

The practice of presenting information visually is nothing new and the industry has witnessed a growing progression in the techniques down the years; starting with hand-drawn simple charts and tables followed by spreadsheets giving rise to graphs such as bar graphs, pie charts, and line graphs.
Visual analytics uses data visualization techniques like 3-D scatter plots, network graph, interactive bar graph, animated sequence assembly etc. It runs on a code which in turn can be compiled into any programming software platform. It can be used across any industry as it helps capture the changes in a business environment in real time, and facilitates top management to take the best suited business decision.

How CFOs Benefit from a BI Visualization Tool 

Appearances matter. The way that data is presented affects our capacity to understand it and influences how quickly and easily the information and insights it provides can be used to inform our decision-making.

This helps finance professionals maximize benefits:
• in their software investments
• in their role as users of finance data
• as providers of finance data to other parts of the business
• as holders of the purse strings for budgeting and investment in IT resources

Why should I care about data visualization? “By visualizing information, we turn it into a landscape that you can explore with your eyes, a sort of information map. And when you’re lost in information, an information map is kind of useful” saysDavid McCandless, an author and information designer. Simply put – data visualization is a better way of displaying the information that you and others are gathering. Instead of looking at a long sheet of numbers and information, it adds visual meaning to the data – whether it’s highlighting areas on a map, creating intuitive charts, or showcasing trends via interactive graphs.

How Data Visualization Improves PR Communications 

Visualization can help public relations professionals communicate data more clearly and effectively. Endless rows and columns on spreadsheets are far too difficult to grasp for normal human beings. Text explaining data is often messy, unclear and usually boring.

Creating visuals to depict data helps an audience understand the numbers faster and better. With well-designed visuals, the audience can grasp insights that were not obvious to them before and incorporate those insights in their decision-making.

Consumers, journalists and other PR audiences are inundated with information. PR communications that include data visualizations and infographics stand out and rise above text-only articles and posts. A well-designed graphic can prompt an editor to publish your press release rather than a competitor’s.
With the rise of “big data,” data visualizations are more useful than ever. However, a hastily produced image won’t suffice and may even misinform or confuse viewers. Careful research and design are crucial for developing a visual that is eye-catching, informative and factually accurate.

Data science news

How businesses can benefit from visual analytics

Enterprises seek innovative techniques that help them draw attention to key messages and allow them make informed business decisions in complex situations. Visual analytics is one such method that allows decision makers to gain insight into complex problems. It simplifies data values, makes it easy to understand and helps enterprises in communicating important messages and insights which otherwise would be difficult to understand without deep technical expertise.

The practice of presenting information visually is nothing new and the industry has witnessed a growing progression in the techniques down the years; starting with hand-drawn simple charts and tables followed by spreadsheets giving rise to graphs such as bar graphs, pie charts, and line graphs.

Data Visualization: Providing Data Insights that Cause Change

Great data insights don’t mean much if the folks controlling change don’t understand them or don’t have the time to pour over columns of data. Enter data visualization; the key to getting data insights to cause change that improves your market performance.

Data visualization
Data visualization is a little like herding cattle — it’s expensive and time-consuming, but, ultimately, necessary if you want to generate profits from your cows.
Of course, data visualization is only 1 means of corralling big data into something useful. Data analysis using statistical tools to generate descriptive, predictive, and prescriptive data analysis also synthesizes meaning from big data.
Even with data analysis, data visualization makes it easier to see not only descriptive data like height, age, and income, but predictive analytics reflecting the relationships among data, and prescriptive data showing the best alternative solutions.

Big Data Analytics, Mobile Technologies And Robotics Defining The Future Of Digital Factories 

47% of manufacturers expect big data analytics to have a major impact on company performance making it core to the future of digital factories.

36% expect mobile technologies and applications to improve their company’s financial performance today and in the future.
49% expect advanced analytics to reduce operational costs and utilize assets efficiently.

Gartner Predicts Three Big Data Trends for Business Intelligence

Big data has given businesses a window into valuable streams of information from customer purchasing habits to inventory status. However, internal data streams give only a limited picture, especially with the growth of digital business.

Three trends Gartner has identified describe information’s ability to transform business processes over the next few years.

No. 1: By 2020, information will be used to reinvent, digitalize or eliminate 80% of business processes and products from a decade earlier.
No. 2: By 2017, more than 30% of enterprise access to broadly based big data will be via intermediary data broker services, serving context to business decisions.
No. 3 By 2017, more than 20% of customer-facing analytic deployments will provide product tracking information leveraging the IoT.