Top Machine Learning Algorithms, Frameworks, Tools and Products used by Data Scientists

• Top algorithms used were linear/logistic regression, decision trees/random forests and Gradient Boosting Machines • The most used machine learning frameworks were Scikit-learn and TensorFlow • Top tools for machine learning automation were related to model selection and data augmentation • The top products used were Google Cloud ML Engine, Azure ML Studio and Amazon… Continue reading Top Machine Learning Algorithms, Frameworks, Tools and Products used by Data Scientists

Bird’s eye view of the Indian IT industry

• In FY20, Indian IT-BPM industry generated $191bn revenue (75% from export) and employed >4.3mn people • Indian IT industry provides IT services, Engineering R&D, Products and Business Process Management services • Geography-wise, the USA contributes around 2/3 of India’s IT revenue followed by Europe • Indian IT industry, which flourished during Y2K crisis, has… Continue reading Bird’s eye view of the Indian IT industry

Investors have deserted Intel, piled into TSMC

• Like 10nm chipsets earlier, Intel’s 7nm designs may also face delays while AMD moved to 7nm chips this year, and Qualcomm has moved to even smaller 5nm designs • After CEO Bob Swan said Intel is considering outsourcing, the company’s shares slumped 16% • Taiwan Semiconductor Manufacturing Co. (TSMC) produces more than a billion… Continue reading Investors have deserted Intel, piled into TSMC

Towards the Giant India SaaS Opportunity

Key highlights of ‘RIDING THE STORM- Towards the Giant India SaaS Opportunity | July 2020’ by Nasscom: Indian SaaS Revenues at $3.5 Billion in FY2020, growing at 30% with global sales accounting for 75% of revenues Chennai has emerged as the “SaaS capital” (generating $1+ billion in revenue) due to the presence of leading SaaS… Continue reading Towards the Giant India SaaS Opportunity

Wealth exodus from China continues

Australia has been named the top destination for migrating millionaires Australia and the US were consistently named at the top of the world’s immigration “wish lists.” Australia was named the top destination for millionaires because of its low crime rate, strong school system, first-class healthcare system and growing economy Source: VisualCapitalist

EGovernance international best cases

Germany offers the public employment service that places people in the labor world every year without independent mediation by a staff member. This is made possible by “Arbeitsamt online”, the placement service of the public employment services on the Internet. Each day roughly 250,000 people use the multifaceted offerings of this system.

India’s Edtech Opportunity

The heart of EdTech surge is the US, with 43% of the world’s EdTech enterprises having their headquarters located in the USA. India has the second-highest number of EdTech startups, with 10% being located in the country. Brazil (9%), the UK (8%), and China (3%) all make it into the top 5 countries leading the way in EdTech.

Digital Lending: A $1 Trillion opportunity for India

By the year 2023, it is estimated that MSME (Micro, Small and Medium Enterprises) digital lending may increase 10-15 times to arrive at INR 6-7 Lakh Crore ($80-100 billion) worth of annual disbursements, creating a window for traditional lenders to go digital. With the growth of API based data distribution patterns and the technical know-how… Continue reading Digital Lending: A $1 Trillion opportunity for India

Growth of Digital Payments and the emergence of FinTech in India

The government of India has proved to be a catalyst in the growth of the digital payments ecosystem in the form of modernization of payment infrastructure, digital literacy and offering ease of setting up a business. The government pushed a surge of digital inclusion in the country with subsidies, programs and incentives including: BHIM cashback… Continue reading Growth of Digital Payments and the emergence of FinTech in India

How Kerala flattened the covid curve?

Public health infrastructure:Kerala has at least two primary health centers for every three villages, which is one every 3.95 kilometers against the national average of 7.3km. Efficient contact tracing:Through contact tracing, the team was able to track nearly 98% of all primary and secondary contacts, as reported for one district. Early calamity declaration:Kerala government declared… Continue reading How Kerala flattened the covid curve?

RFID in Postal and Courier Services

RFID tags are inserted in the parcel label and when the parcels approach an RFID scanner at the carrier, the RFID label is automatically read and updated with EDI messages about the parcel via antennas. By doing so, the carrier does not have to hand scan the parcel. When the label is RFID scanned the carrier may add events to the parcel, for example sending ‘your parcel is on its way’ notification to the customer.

Phases of response to the coronavirus epidemic

Implementations of travel restrictions, declaration of it being a pandemic by the WHO, testing of international passengers with mandatory quarantining, etc. are some of the measures that indicate that a region or a country has entered the phase of precaution. Stock market is expected to take a large hit due to the sentiment of fear.

Fuel the growth with Market Intelligence

Market intelligence studies the external and internal sources of useful information to script an accurate prospect of market parameters that may help understand the direction of focus, for the overall growth of existing or new products and services in terms of business strategy and modeling.

$70B Social Commerce opportunity for India

It all started with social media giant Facebook investing an undisclosed amount in Meesho in June. Meesho is a marketplace for resellers and connects them with customers via social media channels like WhatsApp and Facebook. With this investment in Meesho, we want to fuel a business model that can result in rapid job creation and… Continue reading $70B Social Commerce opportunity for India

Digital Consciousness

The idea that digital identity can be a conscious-being operating under the digital mechanism, taking in case the philosophies of Transhumanism is not something unimaginable. The concept has been visualized by visionaries for years and is no longer a science fiction story.

HSBC settlement and the pseudo drug war

HSBC was guilty of a “blatant failure” to implement anti-money laundering controls and wilfully flouted US sanctions, American prosecutors said, as the bank was forced to pay a record $1.9bn (£1.2bn) to settle allegations it allowed terrorists to move money around the financial system.

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Actions of the World Health Organisation and the real powers that control it

“H1N1 caused worldwide concern but later the declaration of a pandemic by the World Health Organisation (WHO) raised concern. Many countries including Germany, Italy, France and UK concluded secret agreements with pharmaceutical companies before the swine flu incident which obliged them to purchase swine flu vaccinations but only if the WHO issued a pandemic level 6 alert.

AI influencing the present and future

A quote from Ray Kurzweil says that “Artificial intelligence will reach human levels by around 2029. Follow that out further to, say, 2045, we will have multiplied the intelligence, the human biological machine intelligence of our civilization a billion-fold.”

The Long Tail business theory

Long tail is a phrase popularized by Chris Anderson, former editor of WIRED Magazine, in 2004. Anderson compared Long Tail to the blockbuster or hit-driven business models of media and retail companies. Long-tail sellers change the shape of demand from “blockbuster” or “superstars” to selling large numbers of unique, niche items.

Bounded rationality and the prospect theory

Bounded rationality is part of a wider part of economics that looks at how we decide between different choices (or prospects), called prospect theory. Prospect theorists think we’re loss-averse; we remember losses more than gains and go way out of our way to protect against any loss, even the smallest ones. At the same time, though, we rarely take low probability events seriously. This makes us likely to do some extremely risky things without properly considering the worst case scenarios.

Cloud Kitchens – The next big opportunity?

Dark Kitchens / Ghost Kitchens / Cloud Kitchens / Virtual Kitchens are fully equipped kitchens that you can find in most of the restaurants but they don’t have dine-in or takeaway, they run solely for the online delivery services.

The Random Numbers Fallacy

The easy thing to do is to ask someone “Hey, pick a random number from 1 to 10!”. The person replies “7!”. Great! Now you have a number. However, you start to wonder, is the number uniformly random?

The Pareto Principle (The 80/20 Rule)

In economic terms, there is a diminishing marginal benefit. This is related to the law of diminishing returns: each additional hour of effort, each extra worker is adding less “oomph” to the final result. By the end, you are spending lots of time on the minor details.

Marketing Myopia

First expressed in an article by Theodore Levitt in Harvard Business Review, it is a short-sighted and inward-looking approach to marketing which focuses on fulfillment of immediate needs of the company rather than focusing on marketing from consumers’ point of view.

Priming and the Psychology of Memory

How do you pronounce the letters S-H-O-P? and What do you do at a green (traffic) light? Priming is the psychological phenomenon in which the exposure of the stimuli influences the behavior of the individual, without even letting individuals aware that the first thing they listened to or got exposed to, has influenced their behavior… Continue reading Priming and the Psychology of Memory

The Sunk Cost Fallacy

“The sunk cost effect is the general tendency for people to continue an endeavor, or continue consuming or pursuing an option if they’ve invested time or money or some resource in it” Christopher Olivola, assistant professor of marketing at Carnegie Mellon University – Tepper School of Business In both economics and business decision-making, sunk cost… Continue reading The Sunk Cost Fallacy

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Dunning-Kruger Effect for Business Management

A type of illusory superiority, it is a type of cognitive bias in which people believe that they are smarter and more capable than they really are. To avoid the Dunning–Kruger effect (or make it less painful): • Admit the fact that there is something you don’t know and always be ready to improve yourself.… Continue reading Dunning-Kruger Effect for Business Management

Blockchain has the potential to revolutionize the digital economy

Blockchain technology has gathered a lot of attention in recent times but for its usage in cryptocurrencies like Bitcoin. The capabilities of this technology are not restricted to the innovation of usage in the form of digital token but go far beyond that. It makes it able to implement some of the technologies that were… Continue reading Blockchain has the potential to revolutionize the digital economy

YOLO: You only live once

What does the phrase ‘You Only Live Once’ conjure in your mind? Is it the possibility of being limitless or the adventure associated with brevity or the recklessness? The expression usually attempts to justify the attempt of things that one wouldn’t normally do. It was catapulted into the social media hotspot by one of the… Continue reading YOLO: You only live once

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