Monday, March 30, 2015

Moore's Law & Business Intelligence/ Data Warehouse

Data Stack is the new data economies that draw people to participate because we offer a better data experience. The data stack describes capabilities for delivering that data to those who use it in multiple ways, through subscriptions or through APIs. In other words, the data stack refers to a set of categories that describe the different capabilities needed to transform data into more valuable forms. Moore’s Law is linked in this new idea because of the more data, the more value.


The other idea is data warehouse will become virtual, with bits and pieces of the data spread across the landscape, owned by numerous and sundry services. All of the different kinds of queries might be satisfied by spreading the work across all of these presumably asymmetric processors. Also there would be effective orchestration to manage the federation of the queries to provide the kind of service that the applications require.



Machine learning (ML) and statistical techniques are the key to transforming big data into actionable knowledge.
MLbase is still a novel system harnessing the power of machine learning for both end-users and ML researchers. MLbase provides
(1) A simple declarative way to specify ML tasks
(2) A novel optimizer to select and dynamically adapt the choice of learning algorithm
(3) A set of high-level operators to enable ML researchers to scalable implement a wide range of ML methods without deep systems knowledge
(4) A new run-time optimized for the data-access patterns of these high-level operators.







Reason for all the ideas is money. Businesses want to understand consumer’s behavior in order to make strategic decision. Many people want to discover about Big Data which means the more data people can process, the more value they might get. All of these reasons will make data warehouse and business intelligence become better. In the other words, the world will understand itself better.


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Thursday, March 5, 2015

How to visualize data

Most businesses today have to deal with a huge amount of data. If they don’t know how to present it in a meaningful way, those valuable data becomes useless. Therefore, more and more Business Intelligence tools have been developed to meet businesses’ need. Those tools help business’ owner/executive to understand data in visual way with charts, graphs, figures, etc. From understanding their own business’ performance, the owner/executive can make strategic decisions for the company.


This blog will discuss how businesses in order management, accounting and insurance area should present their data.


1Accounting

Recommendation for optimal method of presentation of set of Expense and Revenue data:
-Those data should be put together in a chart type. Business owners need to know both data at the same time because it would not make sense if they only know one or the others. Then, the graph should present profit and loss by calculate expense and revenue. This step will make the data become more meaningful. It will help the owners know how their business is doing.

Provide Illustration of the method







2. Human Resource Management

Recommendation for optimal method of presentation of some set of data
-HR department has to deal with data about their own employees such as salary, PTO, working hours per day/week/month, etc. Then from those data, they calculate the efficient of each employees and how those employees contributed to company’s revenue as whole.

-In a set of PTO data, a company can show PTO of all employees in a line chart to have an overview. Then, they can use dashboard to show each individual or by department. This method will help HR to have an overview of the entire company as well as each employees, so that managers/executive can balance the workflow as well as know employees’ stress level (maybe)

Provide Illustration of the methods






3. Insurance

Recommendation for optimal method of presentation of some set of data
-Insurance companies often deal with data about how much customer payment and how much customer claim. Those data should be presented together in one graph to show the comparison. This visual graph will help insurance companies define if they are doing well or not

-Another set of data is how satisfied their customers are comparing to different type of insurance. It can be presented in a stack graph. So insurance companies can determine which products are doing well and which products need to be improved in customer services, for example.

Provide Illustration of the methods







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