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fredag 20. januar 2017
onsdag 28. desember 2016
How 10 industries are using big data to win big
Two and a half quintillion bytes or 2,500,000,000,000,000,000 bytes. That’s how much data humanity generates every single day. And the amount is increasing; we’ve created 90% of the world’s data in the last two years alone.
It should come as no surprise, then, that businesses today are drowning in data. That’s because much of that data is unstructured; it takes the form of documents, social media content and other qualitative information that doesn’t reside in conventional databases and is can’t be parsed by traditional algorithms or machine analysis.
But, thanks to new cognitive computing services, that’s changing fast.
New Tools, New Insights
Cognitive services not only cut through the deluge of data, but also bring meaning to it through human-like understanding of natural language queries. They’re helping businesses across a broad range of industries respond to the needs of their customers like never before, driving increased revenue while reducing costs.
The industries boosting bottom lines and setting new standards for customer service include telecommunications, manufacturing, fitness, retail, insurance, banking, finance, government, healthcare and the travel industry.
Here’s an overview of how these industries are making all of their data work for them:
1. Telecommunications
A major telecommunications service provider uses cognitive services to index thousands of documents, images and manuals in mere minutes, in order to help 40,000 call center agents solve customer issues more effectively. The company realizes a savings of $1 for every second shaved off the average handling time per call—or $1 million a year.
2. Manufacturing
A specialty sports manufacturer was challenged to fine-tune production in order to eliminate inventory overruns and create better products while saving money. Now, thanks to newly accessible data, the company produces 900 different kinds of skis to match customer personality, preference, and snow conditions—giving customers exactly what they want and meeting the company’s goals for lower inventory and expenses.
3. Retail
Data-driven, personalized customer experiences enabled by cognitive technology are helping a major clothing retailer not only provide outstanding service, but also drive revenue at more than 225 stores. To design a better in-store experience, the company uses sensor and Wi-Fi data to track who comes in, what aisles they visit and for how long. The company also analyzes social media data from millions of followers to improve marketing and product design.
4. Fitness
Cognitive services aren’t just for customer service agents and manufacturers; they can directly serve customers, too. A sports apparel and connected fitness company uses data to power the world’s first cognitive fitness coaching mobile app. The app collects data on users’ workouts, calories burned and more in order to act as a “virtual coach” to help them meet their health goals.
5. Insurance
An international insurance company uses cognitive services to reduce the time needed to process complex claims from two days to just 10 minutes. The company is also using data to identify and eliminate hundreds of millions of dollars in fraud and leakage. The result: a more customer-centric and profitable company.
6. Banking
A consumer banking chain in New Zealand is using data collected and analyzed by cognitive computing to more than double customer engagement online—from 40% to 92%, with a 30% increase in online banking. With a view into customer sentiment as well as data on revenue generation per product held, agents can provide more personalized customer service. Customers can log on to mobile devices to perform more than 120 functions, including applying for a mortgage. As a result, mobile usage is up 45%.
7. Finance
Cognitive technology is empowering the financing arm of a major auto manufacturer to develop insights about more than four million individual customers in seconds. The system combines unstructured content and conventional data from internal and public sources, then displays all meaningful information based on a the user’s job description. Agents can thus provide customers with more comprehensive information faster, and the company can maintain data security.
<iframe width="560" height="315" src="https://www.youtube.com/embed/cE2El1MOV_w?list=UUJW18YbgMROweH2s8vWkl8g" frameborder="0" allowfullscreen></iframe>
8. Government
A U.S. state government is using data to enhance the services delivered to millions of its citizens. Cognitive services enable citizens to quickly and easily search hundreds of thousands of documents, including important new insurance requirements. This allowed the state to achieve its goal of helping citizen navigate more than 1 million pages, while saving tens of thousands of dollars in upgrade costs.
9. Healthcare
A large healthcare company is using data and cognitive computing to extract key insights from unstructured patient medical history—including physician notes and dictation—covering 1.35 million annual outpatient visits, 68,000 hospital admissions and 265,000 emergency room visits. The trends, patterns and other important information captured from this data help clinicians identify patients at risk for chronic disease, critical to both improving treatment and reducing readmission.
<iframe width="560" height="315" src="https://www.youtube.com/embed/bLe1GBs7S3M" frameborder="0" allowfullscreen></iframe>
10. Travel
An international airline has found a way to use cognitive services to significantly enhance the customer experience. Flight crews now use mobile devices to access customer data, including allergies, food and seat preferences and previous travel history to offer truly personalized service. To show its customers that it values their information, the airline has launched a first-of-its-kind customer insights program that rewards those who share data by offering them airline miles.
A Vital Competitive Advantage
As the data deluge grows day by day, it presents greater opportunities for companies to drive more personalized and customer-centered service while boosting revenue and efficiency. But these actionable insights will only be available to companies that leverage advanced data analytics and cognitive computing to collect and parse unstructured data. Those who fail to take advantage of cognitive services risk getting left behind.
To learn more about trends in data and cognitive computing download IBM’s Evolution of Enterprise Search Webinar series.
Etiketter:
analytics,
big data hadoop,
big data. bigdata,
data,
Data science,
datascience,
finance,
fitness,
healthcare,
industry,
insights,
retail,
transportation,
travel,
watson
mandag 28. november 2016
Start-up of the week: Instalocate- A chatbot that claims to make your travel more comfortable!

Img Source: Instalocate | www.instalocate.com
Did you know that every time your flight gets delayed your airlines owes you a compensation? Have you ever been denied boarding because the flight was overbooked? Are you aware of your rights as a flyer? Many a times we overlook on these issues and incur heavy losses, but not anymore. The one company founded by Stanford University and Indian Institute of Management (IIM) alumni in June 2016, is building an AI powered travel assistant just for you!
Instalocate– the name as it goes by – promises to watch all that for you by building a cutting-edge technology that can solve all your travel problems and make your journey comfortable. No more panicking and rushing to the airline counters, standing in long queues or calling the customer care if your flight gets delayed or baggages do not come on time! Instalocate promises to constantly monitor your travel and predict and solve the travel problems.
Not just that, it would also protect your rights as a customer and go after airlines to get your due compensation in case of any mishap.
How wonderful is that? Having a digital personal assistant that can make your journey comfortable and be always there to answer all your questions in an instant!
Talking to AIM, one of its founders Pallavi Singh revealed that the idea of Instalocate was conceived out of all the unfortunate incidences that she and her husband had personally faced.
“Anything that can go wrong has gone wrong with us. Flights have gotten delayed, we have missed connections, baggage was lost. And that’s when we realised that, most of the travel apps are working in pre-booking and there is no one to help you when things like this go wrong. Dealing with the airlines was the biggest nightmare amidst this”, she said.
And that’s how the journey to Instalocate took off with an idea of building an assistant which could help during the travel woes and deals with the airline on your behalf. Pallavi confesses “At so many times, we felt so frustrated with the airlines that we wanted to sue them for compensation, for all the trouble we went through. But we never did- mainly because we never had the time to deal with the airlines.”
With Instalocate, all you have to do is share your flight details and it will predict when you might need something and would send the contextual information automatically. Just ask your assistant anything from your flight status to the free Wi-Fi availability in the airport! That’s not all, if your family is worried about you, the assistant can pinpoint your exact location in the air. They don’t have to anxiously wait outside the airport checking their phones again and again! After reaching your destination, your cab will be waiting for you.
How is all of it achieved? Talking about the integration of artificial intelligence to Instalocate, Pallavi said “It is a predictive engine which will predict when the airlines owe you compensation. Unlike others we don’t wait for you to search for that information rather we will bring it to you. We are also building in-house NLP which makes it easier for an end user to talk to us, just as they would talk to a friend.”
There is no doubt that the bot has been received well by its users. “We have only launched our first product and the people are loving it”, marked Pallavi. Citing a use case, she said “One of our power users recently got 800 dollars from British Airways for flight delay with the help of Instalocate.”
However, the journey to its popularity was not easy. Pallavi notes that making was not as challenging as marketing. “Bots is still a new concept for people and popularizing it is a big problem”, she added.
Well, despite the challenges, Instalocate has done quite well for itself and is growing at a rate of 60 month over month with a pretty high retention rate.
This digital personal assistant is available to make your journey comfortable and answer your questions in an instant. Talk to Instalocate within facebook at m.me/instalocate for a hassle-free travel now. There is no need to install the app separately, which adds to the many perks this travel bot has!
Etiketter:
ai,
artificial intelligence,
bot,
bots,
data,
deep learning,
DL,
Facebook,
flights,
Instalocate,
machine learning,
messenger,
ml,
product,
realtime,
start-up,
startup,
users
onsdag 24. august 2016
Laptop for data science
What are the laptops which are most suited for data scientists and analysts?
As we deal with heavy computations and also need to generate visualizations, something which can take the toll of it, would be recommended.
Would be preferred if it can help in handling Big Data analytics too.
Even though the analytics is done in the Map Reduce framework (or distributed computing), yet the computations are heavy and time taking and also slows down the laptop in most cases.
So, a laptop with features and OS which is most suited to handle such things gracefully is recommended.
[Price not an issue]
As I am pretty much in the same situation, here are what I look for:
SSD: since you'll likely perform many I/O on large data sets. 1 TB is my bottom line.
RAM: since it's often more convenient and much faster to keep data sets (or part of it) in memory. 16 GB is really bottom line.
GPU: Nvidia is sometimes preferable over AMD as it tends to be more supported (e.g. for neural network libraries). I had to get a MBP M2014 instead of M2015 because the latter had AMD while the former has Nvidia, and I need to use Theano.
OS: Linux tend to have more libraries (but since it doesn't have any decent speech engine software I personally use Microsoft Windows, using Linux in VM or in server).
CPU: hasn't evolved much over the last few years... some i7 3rd or 4th generation is standard.
As it's often cheaper to add SSD and RAM oneself, I tend upgrade mid-spec laptops.
If price isn't an issue, you can have a look at those overpriced Alienwares. For people who are more budget conscious, just check to what extend the laptop is upgradable (e.g. max RAM + number of SSD slots). In the US, I like Xotic PC as the max specs are clearly defined.
Etiketter:
algorithms,
big data,
big data hadoop,
data,
data analytics,
Data science,
data scientist,
framework,
hdd,
laptop,
linux,
map reduce,
NoSQL,
os,
pc,
ram,
ssd,
windows
torsdag 18. august 2016
My life in Norway: Pursuing the dream
Born and raised in Macedonia, spent 4-5 years in Kosova and then migrated first time in Norway. My family was one of the few interested in science, specially in math, where my father was a math professor and most of my uncles studied math or engineering. I inherited the love to science and math, continued developing my self focused in math by becoming one the best in local, national and international competition of both math and physics (kind of applied mathematics).
Studied computer technology at University of Prishtina and 3 year in row won the University scholarship.
Studied computer technology at University of Prishtina and 3 year in row won the University scholarship.
Studied with International professors from Concordia University; Vienna Institute of Technology and Institute Jean Lui Vives.
Even physically in Kosova, my dream was just to move to a more prospered countries to pursue my dream of being a great scientist. I have heard of UK, US and the big american dream, but never thought of Norway....
I moved in Norway some years ago and then I come back May 2010, pursuing my dream for a better career. I never thought that this will the time when the Revolution of my life started. I will never forget the time when I was sitting home and got a call that was actually a job opportunity to work in Norway, to work for one the best companies in the World, Nordic Choice Hotels. I answered with BIG YES and came to the first interview. It was all by the plan, the first interview was successful. Waited in Oslo for a couple of days, where I got invitation for the second round which was decisive. One day after that, I got the call of my career, saying the your job opportunity is now a job offer. Without hesitating I said YES and that was the biggest "yes" of my life, because what happened after proved this conclusion. Still not understanding in what wonderful world I was stepping in.
After signing the contract and some official paper work I started to work in June/July. I was thrilling to start with my new company and bring the successful project of Business Intelligence into live.I had time read and understand the business concept and strategy of Nordic Choice Hotels, so I was ready to dive in directly to the solution.
One of the biggest highlights of my career here is meeting the owner of Nordic Choice Hotels and bunch of other business around Norway, Mr. Petter A. Stordalen. His ability to give energy at any time in the company was special. You could feel his absence or his presence without seeing him at all.

Me and Petter Stordalen at Garden Party
During the time being at Choice, I had the opportunity to meet other important people as well, so I learned a lot from them.
Me and my department made great efforts on creating the best BI solution for the company in a given condition and situation. So we excelled by creating this solution presented in the video:
A Visionary Choice - Nordic Choice Hotels Business Intelligence vision from Platon Deloitte on Vimeo.
Brief Professional Summary
During the time being at Choice, I had the opportunity to meet other important people as well, so I learned a lot from them.
Me and my department made great efforts on creating the best BI solution for the company in a given condition and situation. So we excelled by creating this solution presented in the video:
A Visionary Choice - Nordic Choice Hotels Business Intelligence vision from Platon Deloitte on Vimeo.
But things came to an end, sometimes without our willing, so in April I had to change my job and pursue my professional dream at Sopra Steria AS.
Why Sopra Steria AS?
Sopra Steria is trusted by leading private and public organisations to deliver successful transformation programmes that address their most complex and critical business challenges. Combining high quality and performance services, added-value and innovation, Sopra Steria enables its clients to make the best use of information technology.
We have a strong local presence across the UK with around 6,700 people in locations in England, Scotland, Wales and Northern Ireland. Sopra Steria supports businesses in the full technology lifecycle - from the definition of strategies through to their implementation. We add value through our expertise in major projects, knowledge of our clients' specific businesses, expertise in technologies and a broad European presence.
Sopra Steria Group, a European leader of digital transformation, was established in September 2014 as a merger of Sopra with Steria. See the timeline for both companies showing the milestones achieved over nearly 50 years before becoming a single entity.
Brief Professional Summary
""
I am an IT professional with focus on Business and Data Analytic, prefer to call myself Data Scientist. I have in depth experience using and implementing business intelligence/data analysis tools with greatest strength in the Microsoft SQL Server / Business Intelligence Studio SSIS, SSAS, SSRS. I have designed, developed, tested, debugged, and documented Analysis and Reporting processes for enterprise wide data warehouse implementations using the SQL Server / BI Suite. I also have designed/modeled OLAP cubes using SSAS and developed them using MS SQL BIDS SSAS and MDX. Served as an implementation team member where I translated source mapping documents and reporting requirements into dimensional data models. Strong ability to work closely with business and technical teams to understand, document, design and code SSAS, MDX, DMX, DAX abd ETL processes, along with the ability to effectively interact with all levels of an organization. Additional BI tool experience includes ProClarity, Microsoft Performance Point, MS Office Excel and MS SharePoint.
""
I am an IT professional with focus on Business and Data Analytic, prefer to call myself Data Scientist. I have in depth experience using and implementing business intelligence/data analysis tools with greatest strength in the Microsoft SQL Server / Business Intelligence Studio SSIS, SSAS, SSRS. I have designed, developed, tested, debugged, and documented Analysis and Reporting processes for enterprise wide data warehouse implementations using the SQL Server / BI Suite. I also have designed/modeled OLAP cubes using SSAS and developed them using MS SQL BIDS SSAS and MDX. Served as an implementation team member where I translated source mapping documents and reporting requirements into dimensional data models. Strong ability to work closely with business and technical teams to understand, document, design and code SSAS, MDX, DMX, DAX abd ETL processes, along with the ability to effectively interact with all levels of an organization. Additional BI tool experience includes ProClarity, Microsoft Performance Point, MS Office Excel and MS SharePoint.
""
Professional highlights as DATA SCIENTIST:
1. Worked for Capgemini Norway AS
2. Worked for Nordic Choice Hotels AS
3. Working for SopraSteria AS
1. Worked for Capgemini Norway AS
2. Worked for Nordic Choice Hotels AS
3. Working for SopraSteria AS
MIT Honor Code Certificate: CS and Programming, BigData (04.06.2013)
Princeton University Honor Code Certificate: Analytic Combinatorics (10.07.2013)
Stanford University Honor Code Certificate: Mathematical Thinking,, Cryptography (06.05.2013)
The University of California At Berkeley Honor Code Certificate: Descriptive Statistics
IIT University Honor Code Certificate: Web Intelligence and Big Data (02.06.2013)
Wesleyan University: Passion Driven Statistics (20.05.2013)
Career Highlights:
1. Over Nine years of experience in the field of Information Technology, System Analysis and Design, Data
warehousing, Business Intelligence and Data Science in general
2. Experienced in implementing / managing large scale complex projects involving multiple stakeholders and
leading and directing multiple project teams
3. Track record of delivering customer focused, well planned, quality products on time, while adapting to
shifting and conflicting demands and priorities.
4. Experience in Data warehouse / Business Intelligence developments, implementation and operation setup
5. Expertise in Data Modeling, Data Analytics and Predictive Analytics SSAS, MDX and DMX
6. Strong Knowledge in Data warehouse, Data Extraction, Transformation, and Loading ETL
7. Excellent track record in developing and maintaining enterprise wide web based report systems and portals in Finance, Enterprise wide solutions and BI and Strategy Systems
8. Best new employee for 2011 of Nordic Choice Hotels AS
Achievments:
1. First place in regional math competitions in 2 years in a row
2. First place in Physics competition in a Balkaniada (Balkan Olympics in Theoretical Physics)
3. First place in fast math competition in International Kangourou Competition
Princeton University Honor Code Certificate: Analytic Combinatorics (10.07.2013)
Stanford University Honor Code Certificate: Mathematical Thinking,, Cryptography (06.05.2013)
The University of California At Berkeley Honor Code Certificate: Descriptive Statistics
IIT University Honor Code Certificate: Web Intelligence and Big Data (02.06.2013)
Wesleyan University: Passion Driven Statistics (20.05.2013)
Google Analytics Certified
Career Highlights:
1. Over Nine years of experience in the field of Information Technology, System Analysis and Design, Data
warehousing, Business Intelligence and Data Science in general
2. Experienced in implementing / managing large scale complex projects involving multiple stakeholders and
leading and directing multiple project teams
3. Track record of delivering customer focused, well planned, quality products on time, while adapting to
shifting and conflicting demands and priorities.
4. Experience in Data warehouse / Business Intelligence developments, implementation and operation setup
5. Expertise in Data Modeling, Data Analytics and Predictive Analytics SSAS, MDX and DMX
6. Strong Knowledge in Data warehouse, Data Extraction, Transformation, and Loading ETL
7. Excellent track record in developing and maintaining enterprise wide web based report systems and portals in Finance, Enterprise wide solutions and BI and Strategy Systems
8. Best new employee for 2011 of Nordic Choice Hotels AS
Achievments:
1. First place in regional math competitions in 2 years in a row
2. First place in Physics competition in a Balkaniada (Balkan Olympics in Theoretical Physics)
3. First place in fast math competition in International Kangourou Competition
4. Gold Medalist in Microsoft Virtual Academy (Microsoft Business Intelligence)
5. 2 times finalist as the best Business Intelligence solution:
1.
Research Work:
1. Riccati Differential Equation solution (published in printed version Research Journal)
2. “Everything” comes from “Nothing”: The Intelligent Universe, published IJSER 10 October edition
3. Personal Finance Intelligence; published in IJSER 8 August 2012 edition
4. Predictive Analytics vs. Data Mining (Is DMX dead already?) in Silicon India
Etiketter:
achievements,
bigdata,
business,
career,
data,
Data science,
data scientist,
datascience,
environment,
family,
fintech,
life,
Norway,
Oslo,
Personal,
professional,
startup,
technology,
work
Plassering:
Oslo, Norge
torsdag 11. august 2016
Another approach to Personal Finance
Re-Inventing Personal Finance using Data Science

Existing software and new approach
Big Data can help make it even better
Last technological findings can make this approach even more interesting and meaningful. Imagine what Big Data and Data Science can do by adding external data for customers that will allow opening of their social media accounts to the bank application. Social media behavior is very important and can bring very important segmentation inside customer categorizations.
Machine learning algorithms can help make the decision and budgeting much better based on other decisions and budgeting techniques.
Considerations
As I mentioned before, data impersonation and security are a showstopper as we are going to work with bench marking data sets that implies set of other customer’s data. Here we can have a potential data leak from one customer to another, so our system must ensure consistency in both sides and the bank system has everything under control. Transaction details of customers can make banks expose their ‘hidden’ costs and fees. Many banks will hesitate to offer this service to their customers just because of this; in other side customers have legitimate right to have such information.
Conclusion
Beneficiary to this approach are not only the customers and world economy, but also the bank itself in cases when they want to perform customer evaluation (credit check) and behave reaction to certain financial statuses. Today’s Credit scoring system lacks on better decisions because they miss important data.
I am on the way to build business concept and the technical architecture of this approach. My team and I would love to share this approach on details, including implementation, if any company, association or bank in the world is interested to offer this service to their customers. This can be the best preventive for World financial system to stay sustainable and not crush as it did before.
© Copyright All rights reserved to Besim Ismaili 03051982
Oslo, January 2015

Existing software and new approach
Usually existing Personal Finance applications are boring, because they are all dependent of manually input of your data, in right segment, the right amount, just boooring. In addition, you can count on manual input fails together with the impossibility of live update your financial status, to make it even worst experience. These and many other reasons make the existing Personal Finance applications nearly useless.
To avoid manual input of data into your application, you need a live feed from your transaction data (credit card usage, bank payments etc...) and only manual input for cash amounts. However, cash is very small problem, as we tend to avoid it as much as possible and instead we mostly buy with electrons.
Most of the banks offer to their customers a digital bank account where all the transactions are visible and that can the best source to avoid manual input. So, why we do not ask for built-inn application that will serve as Personal Financial app with even more possibilities to serve you.
The solution
This application can save lives, can make you better at your personal finance, can avoid financial crisis and help banks get better understanding of you as customer. It is not only you as a person that benefits, but the entire society and even the bank itself. Bank can have much better credit scoring for their customers and can avoid risky loans, risky bank interests for a particular customer etc…
To build (in) this app we need to consider many things and specially the approach that Business Intelligence solutions can serve to us, but keeping in mind security and impersonation as we work with very critical data.
Therefore, I am delighted to represent you PFI that stands for Personal Finance Intelligence, which represents a non-usual approach to Personal Finance solutions existing in market today.
Personal Finance Intelligence (PFI) aims to be a built-in Business Intelligence application inside your digital bank service to serve you as personal finance and budget planner assistant.
Inspired by a Norwegian TV Show “Luksusfellen”, this Business Intelligence app approach may be a solution for all these who fail to maintain well their own economy, and for those who want to perform their economy, save more and last but not least the bank itself.
The fundament of this concept is a Customer Analytics Data Center that would have the power process data on the transaction level. The duty of the data center will be to collect, structure, clean, model and present the data to the bank customers as usual Personal Finance application do, but in addition, data will be updated automatically. This is the reporting (presentation) layer of your financial status (picture), but this application can offer you much more and here is why!
In addition to a standard PF application, this solution include also bench-marking against an standardized customer (Ola Norman) that represent the data set of Min, Max or Average segmented by customer's choice and properties, for example: How I stand against customers from 28-35 years old, from east Oslo, in buying food and beverage this month?
To have more control and plan well your own economy, targeting will be an integrated service inside application where users (bank customers) can put their targets (manually) for costs or income or can leave the application algorithm fill that with projection based on each customer historical data. You can activate a flagging service, so you are warned when approaching certain limits in your expenses and run algorithm to optimize the use of remaining budget and you do not get broke.
To avoid manual input of data into your application, you need a live feed from your transaction data (credit card usage, bank payments etc...) and only manual input for cash amounts. However, cash is very small problem, as we tend to avoid it as much as possible and instead we mostly buy with electrons.
Most of the banks offer to their customers a digital bank account where all the transactions are visible and that can the best source to avoid manual input. So, why we do not ask for built-inn application that will serve as Personal Financial app with even more possibilities to serve you.
The solution
This application can save lives, can make you better at your personal finance, can avoid financial crisis and help banks get better understanding of you as customer. It is not only you as a person that benefits, but the entire society and even the bank itself. Bank can have much better credit scoring for their customers and can avoid risky loans, risky bank interests for a particular customer etc…
To build (in) this app we need to consider many things and specially the approach that Business Intelligence solutions can serve to us, but keeping in mind security and impersonation as we work with very critical data.
Therefore, I am delighted to represent you PFI that stands for Personal Finance Intelligence, which represents a non-usual approach to Personal Finance solutions existing in market today.
Personal Finance Intelligence (PFI) aims to be a built-in Business Intelligence application inside your digital bank service to serve you as personal finance and budget planner assistant.
Inspired by a Norwegian TV Show “Luksusfellen”, this Business Intelligence app approach may be a solution for all these who fail to maintain well their own economy, and for those who want to perform their economy, save more and last but not least the bank itself.
The fundament of this concept is a Customer Analytics Data Center that would have the power process data on the transaction level. The duty of the data center will be to collect, structure, clean, model and present the data to the bank customers as usual Personal Finance application do, but in addition, data will be updated automatically. This is the reporting (presentation) layer of your financial status (picture), but this application can offer you much more and here is why!
In addition to a standard PF application, this solution include also bench-marking against an standardized customer (Ola Norman) that represent the data set of Min, Max or Average segmented by customer's choice and properties, for example: How I stand against customers from 28-35 years old, from east Oslo, in buying food and beverage this month?
To have more control and plan well your own economy, targeting will be an integrated service inside application where users (bank customers) can put their targets (manually) for costs or income or can leave the application algorithm fill that with projection based on each customer historical data. You can activate a flagging service, so you are warned when approaching certain limits in your expenses and run algorithm to optimize the use of remaining budget and you do not get broke.
Big Data can help make it even better
Last technological findings can make this approach even more interesting and meaningful. Imagine what Big Data and Data Science can do by adding external data for customers that will allow opening of their social media accounts to the bank application. Social media behavior is very important and can bring very important segmentation inside customer categorizations.
Machine learning algorithms can help make the decision and budgeting much better based on other decisions and budgeting techniques.
Considerations
As I mentioned before, data impersonation and security are a showstopper as we are going to work with bench marking data sets that implies set of other customer’s data. Here we can have a potential data leak from one customer to another, so our system must ensure consistency in both sides and the bank system has everything under control. Transaction details of customers can make banks expose their ‘hidden’ costs and fees. Many banks will hesitate to offer this service to their customers just because of this; in other side customers have legitimate right to have such information.
Conclusion
Beneficiary to this approach are not only the customers and world economy, but also the bank itself in cases when they want to perform customer evaluation (credit check) and behave reaction to certain financial statuses. Today’s Credit scoring system lacks on better decisions because they miss important data.
I am on the way to build business concept and the technical architecture of this approach. My team and I would love to share this approach on details, including implementation, if any company, association or bank in the world is interested to offer this service to their customers. This can be the best preventive for World financial system to stay sustainable and not crush as it did before.
© Copyright All rights reserved to Besim Ismaili 03051982
Oslo, January 2015
Etiketter:
bank,
banking,
big data,
bigdata,
budget,
budgeting,
data,
Data science,
family economy,
finance,
financial,
fintech,
household economy,
Personal,
planning,
program,
software,
stream,
technology,
transactions
onsdag 29. juni 2016
If social networks were countries, which would they be?

If Facebook were a country, it would be substantially bigger than China. The size of Facebook's user base translates to around one in seven of the global population using it each month - around 1.65 billion people.
The role of digital technology in breaking down physical borders is one of the many trends in the Fourth Industrial Revolution. As social media continues to open up new opportunities for businesses and societies, how do today's networks compare?
Facebook
According to Statista, Facebook had over 1.65 billion monthly active users in the first quarter of 2016. The number of monthly active mobile users also passed 1.5 billion in the same quarter. China's population, by comparison, is around 1.37 billion.
WhatsApp
While not technically a social network, it's worth including the messaging giant in this list due to the 1 billion-plus people using it each month. Monthly active users isn't the best metric for measuring messaging apps (you either use them daily-ish or not at all) but the MAU figure has grown impressively from 700 million in January 2015 to 1 billion now, putting it within sight of India, which has a population of 1.25 billion. The messaging app also handles over 64 billion messages and 600 million photos each day.
According to Statista, Facebook had over 1.65 billion monthly active users in the first quarter of 2016. The number of monthly active mobile users also passed 1.5 billion in the same quarter. China's population, by comparison, is around 1.37 billion.
While not technically a social network, it's worth including the messaging giant in this list due to the 1 billion-plus people using it each month. Monthly active users isn't the best metric for measuring messaging apps (you either use them daily-ish or not at all) but the MAU figure has grown impressively from 700 million in January 2015 to 1 billion now, putting it within sight of India, which has a population of 1.25 billion. The messaging app also handles over 64 billion messages and 600 million photos each day.

Top 15 countries by population, and the social media giants
Instagram
The photo- and video-sharing app reported over 400 million monthly active users worldwide in September 2015, just ahead of the US population of 319 million. Nearly all of these are engaging with the service via the mobile app, although there is also a desktop version. The number of Instagram users in the US is predicted to pass 106 million by 2018.
Twitter
The network for those happy to keep their musings to 140 characters or less, Twitter has over 305 million monthly active users, with around 80% living outside the US. The social network upset the apple cart last year somewhat with the introduction of a tailored algorithm to order tweets, moving away from a live feed, which upset some users. Growth has slowed, as well as the company's stock price, but it's still the go-to place for breaking news alerts and a glimpse of the world in real-time.
Google+
Google doesn't particularly like talking about its MAUs, and it's fair to say it isn't the obvious destination when people want to share something about themselves. At last count, the network had over 300 million users, which would make it bigger than Indonesia, and a tad smaller than the USA.
LinkedIn
LinkedIn's monthly active user base is growing robustly, with around 100 million people currently using the site each month. Over 400 million have an account, however. The social network generates revenue from 3 areas - hiring solutions, advertising revenue, and premium subscriptions. The 100 million MAUs puts it just behind the Philippines in terms of size.
Snapchat
The newest member of the social media giants, it was reported back in January last year that Snapchat had over 100 million monthly active users, which would make it around the same size as Ethiopia. However, data is hard to come by, with some other sources suggesting the figure could be as high as 200 million.
The photo- and video-sharing app reported over 400 million monthly active users worldwide in September 2015, just ahead of the US population of 319 million. Nearly all of these are engaging with the service via the mobile app, although there is also a desktop version. The number of Instagram users in the US is predicted to pass 106 million by 2018.
The network for those happy to keep their musings to 140 characters or less, Twitter has over 305 million monthly active users, with around 80% living outside the US. The social network upset the apple cart last year somewhat with the introduction of a tailored algorithm to order tweets, moving away from a live feed, which upset some users. Growth has slowed, as well as the company's stock price, but it's still the go-to place for breaking news alerts and a glimpse of the world in real-time.
Google+
Google doesn't particularly like talking about its MAUs, and it's fair to say it isn't the obvious destination when people want to share something about themselves. At last count, the network had over 300 million users, which would make it bigger than Indonesia, and a tad smaller than the USA.
LinkedIn's monthly active user base is growing robustly, with around 100 million people currently using the site each month. Over 400 million have an account, however. The social network generates revenue from 3 areas - hiring solutions, advertising revenue, and premium subscriptions. The 100 million MAUs puts it just behind the Philippines in terms of size.
Snapchat
The newest member of the social media giants, it was reported back in January last year that Snapchat had over 100 million monthly active users, which would make it around the same size as Ethiopia. However, data is hard to come by, with some other sources suggesting the figure could be as high as 200 million.
mandag 13. juni 2016
THE ECONOMETRICIAN’S TAKE ON EURO 2016
We present a model for predicting the outcome of the 2016 European Football championship in France from June 10 to July 10. It is similar to our model for the 2014 World Cup. Using historical performance data for each team—most importantly the Elo rating system originally devised to rank chess players—we estimate a set of probabilities that a particular team will reach a particular round, up to and including the championship. We also provide a modal “most likely” case for how the tournament will unfold (although “most likely” does not mean “likely”).
The model says that France has a 23% probability of winning the trophy, followed by Germany at 20%, Spain at 14%, and England at 11%. Although Germany has the highest Elo rating, France is slightly favored because of its home advantage. After each day of play, we will re-run the model using updated historical performance data in order to generate new probabilities and a new modal forecast.
How much faith should we have in these predictions? On the plus side, our approach carefully considers the stochastic nature of the tournament using statistical methods; also, the predictions are not far from bookmakers’ odds. On the minus side, the environment is “stochastic” indeed, i.e., football is quite an unpredictable game!
That charming unpredictability was on full display two years ago, when our model failed to anticipate the elimination of heavyweights Spain and Italy in the group stage and gave Brazil a 48% probability of winning the trophy. More encouragingly, it identified three of the four semifinalists before the start of the tournament, and the fully updated version predicted the winner of every match in the knockout stage except for the 7-1 semifinal between Germany and Brazil.
Below we will introduce our statistical model for predicting the outcome of the 2016 European Football Championship in France from June 10 to July 10.
Etiketter:
big data,
bigdata,
data,
Data science,
econometrics,
economy,
ELO rating,
Euro 2016,
Euro2016,
FIFA,
football,
goldman and sachs,
odel,
prediction,
predictions,
predictive analytics,
sport,
UEFA
lørdag 4. juni 2016
The big data challenge: Extracting actual business value
You've got the tools and the power of the cloud to capture big data, but figuring out what you want from it and how to extract it is the final, crucial challenge.
Advances in data networks and storage mean organizations capture far more data than they ever have - perhaps a stream of measurements from manufacturing equipment, from vehicles, or from game-changers like web-enabled refrigerators (no, I've never seen one either).
The enterprise CTO may have the data storage part all figured out - theirMongoDB cloud database is in place, or they rent DBaaS from Cloudant. But why? What does an enterprise do with all this unstructured data?
The first thing is to identify what the enterprise wants. Analytics can be an area of blind faith – if the enterprise is not clear about its big data needs, it may just hope that something good pops out.
Identify the big data needs.
Big data analytics, like all IT, is subordinate to business needs. An organization must figure out their requirements before working on big data.
No two organizations are the same, so there is always a variation in needs. The IT department may receive requirements like these.
Crunch data for instant reports.
Decode telemetry on the fly.
Find a needle in a haystack in a vast quantity of signals.
Find the regular operational patterns in a vast quantity of signals.
Analytics is a service-oriented area so the CTO could just finish his work there and outsource the rest. If he decides to keep it in-house, he needs a few more things.
Get some analytics applications.
Analytics applications help turn large data sets into business value. The enterprise uses analytics tools to tackle the difficult job of doing something useful with their unstructured data.
Data analytics products are one of the big data technologies and live in a data scientist's toolbox. Analytics products don't usually deliver ready-made business value.
When an organization purchases analytics applications, they must leave plenty of cash for the training budget. Complex tools are not intuitive.
Write a big data policy.
Managing large data sets is a difficult job. The big data manager has plenty of moving parts to configure to meet these requirements.
What is the retention policy? What parts of the data pool can be deleted, and when? What happens to the rest of the historical data?
What is the data protection policy? Who gets to view data? What are the privacy implications? What are the legal restrictions?
Where is the data stored? If a cloud provider is holding the data, how do we get it back?
What kind of meta-data is required? How can anyone identify the purpose of a big data store?
How many data sets are there, and how can they be blended?
Assemble an analysis team.
The first part of building a team is partnering up a business executive and an IT sponsor. Both are required.
There may be a data warehouse and data miners in the organization, but probably no data scientists. There are a few ways of getting some.
Hire experts. Pros are in demand.
Hire people with the right capability and let them learn.
Spot the budding statisticians in your organization and grab them.
Spotting capability means looking for clues. John Foreman is chief scientist at Mailchimp and writes a blog on data science. If someone is a fan of his work, that's a clue. Perhaps one of the data miners has an artistic streak. The person obsessively dragging consumer behaviour out of click trails is worth talking to.
That still leaves some gaps.
A few huge organizations, like telecoms companies and global retailers, have been battling with the problem of analytics for decades. They have specialist teams, home-grown tools, and years of experience. Alongside their expensive specialized capabilities, a brave new world of big data and commoditized data analytics is appearing. There is quite a way to go.
The enterprise is doing new things with existing data sets, rather than collecting new data.
Plenty of big data tools exist, but few tools ready for business users.
Organizations in many parts of the world have not started exploiting big data.
Better machine learning is required to extract signal from noise.
It takes statistical, technical and business expertise to get value from big data. Even where the analytics tools exist, they must be tailored for business needs - it's not a one-size-fits-all world.
Over to you, big data startups around the world. Plug those gaps
Advances in data networks and storage mean organizations capture far more data than they ever have - perhaps a stream of measurements from manufacturing equipment, from vehicles, or from game-changers like web-enabled refrigerators (no, I've never seen one either).
The enterprise CTO may have the data storage part all figured out - theirMongoDB cloud database is in place, or they rent DBaaS from Cloudant. But why? What does an enterprise do with all this unstructured data?
The first thing is to identify what the enterprise wants. Analytics can be an area of blind faith – if the enterprise is not clear about its big data needs, it may just hope that something good pops out.
Identify the big data needs.
Big data analytics, like all IT, is subordinate to business needs. An organization must figure out their requirements before working on big data.
No two organizations are the same, so there is always a variation in needs. The IT department may receive requirements like these.
Crunch data for instant reports.
Decode telemetry on the fly.
Find a needle in a haystack in a vast quantity of signals.
Find the regular operational patterns in a vast quantity of signals.
Analytics is a service-oriented area so the CTO could just finish his work there and outsource the rest. If he decides to keep it in-house, he needs a few more things.
Get some analytics applications.
Analytics applications help turn large data sets into business value. The enterprise uses analytics tools to tackle the difficult job of doing something useful with their unstructured data.
Data analytics products are one of the big data technologies and live in a data scientist's toolbox. Analytics products don't usually deliver ready-made business value.
When an organization purchases analytics applications, they must leave plenty of cash for the training budget. Complex tools are not intuitive.
Write a big data policy.
Managing large data sets is a difficult job. The big data manager has plenty of moving parts to configure to meet these requirements.
What is the retention policy? What parts of the data pool can be deleted, and when? What happens to the rest of the historical data?
What is the data protection policy? Who gets to view data? What are the privacy implications? What are the legal restrictions?
Where is the data stored? If a cloud provider is holding the data, how do we get it back?
What kind of meta-data is required? How can anyone identify the purpose of a big data store?
How many data sets are there, and how can they be blended?
Assemble an analysis team.
The first part of building a team is partnering up a business executive and an IT sponsor. Both are required.
There may be a data warehouse and data miners in the organization, but probably no data scientists. There are a few ways of getting some.
Hire experts. Pros are in demand.
Hire people with the right capability and let them learn.
Spot the budding statisticians in your organization and grab them.
Spotting capability means looking for clues. John Foreman is chief scientist at Mailchimp and writes a blog on data science. If someone is a fan of his work, that's a clue. Perhaps one of the data miners has an artistic streak. The person obsessively dragging consumer behaviour out of click trails is worth talking to.
That still leaves some gaps.
A few huge organizations, like telecoms companies and global retailers, have been battling with the problem of analytics for decades. They have specialist teams, home-grown tools, and years of experience. Alongside their expensive specialized capabilities, a brave new world of big data and commoditized data analytics is appearing. There is quite a way to go.
The enterprise is doing new things with existing data sets, rather than collecting new data.
Plenty of big data tools exist, but few tools ready for business users.
Organizations in many parts of the world have not started exploiting big data.
Better machine learning is required to extract signal from noise.
It takes statistical, technical and business expertise to get value from big data. Even where the analytics tools exist, they must be tailored for business needs - it's not a one-size-fits-all world.
Over to you, big data startups around the world. Plug those gaps
Etiketter:
algorithms,
analytics,
big data,
bigdata,
business,
cio,
cloud,
cto,
data,
data analysis,
Data science,
data scientist,
dba,
Hadoop,
microsoft,
mongodb,
statistics
onsdag 1. juni 2016
Star Wars and Data Science - A Practical Guide for Data Jedi
- Del på LinkedIn
- Del på Facebook
- Del på Twitter The love of Star Wars is strong in my family. I have it, my husband has it, and my kids have it. With The Force Awakens debuting on Friday, December 18, I thought I'd revisit a project I worked on two years ago.
With my love of all things Star Wars and a personal interest in data science and text analytics, I thought it could be fun to explore the scripts from the original Star Wars trilogy (A New Hope, The Empire Strikes Back, and Return of the Jedi). I teamed up with my husband, Adam Maness, and we worked together to ingest the data (acquired from the Internet Movie Script Database) and analyze it.
As an aside, the first time I delivered this presentation was at a conference in DC. My presentation was technically scheduled in a time slot after the conclusion of the conference. I was worried that no one would stick around to watch my talk, so I started tweeting about Princess Leia delivering the presentation to try to drum up some support.
I was scheduled to fly in that morning, so I decided to "cinnamon bun" my hair, then change into my Leia costume when I got to the conference. After completing one "bun", I realized the dress wouldn't go on over my hair. I ended up having to wear the entire get-up to the airport.
I expected some strange looks, but I actually had a lot of fun. A guy in security asked me what I was trying to do. I looked at him and said: I'm on a diplomatic mission to Alderaan! I had others ask me about my religion (the Force, of course). I got more than a few wishes of "may the Force be with you", and took pictures with some folks. Want to feel like a celebrity? Walk around and airport dressed as Princess Leia. I highly recommend it!
Back to the scripts! First, how are we defining data science? I found this graphic by Drew Conway from Project FLA, and thought it summed up my views on data science nicely:
The math and statistics knowledge is a given for Data Jedi (Data Jedi just sounds cooler than Data Scientist...). In order to really be efficient and effective, they also need some expertise, and some hacking skills. In the realm of the Data Jedi, the hacking skills are the data skills. If a Data Jedi always has to rely on someone else to wrangle their data, they won't be as agile as they could be. The next piece really speaks to that fact.
The data process, as is typically the case, was the most time consuming part of the project. We kept going back and forth on the best way to represent the data. There are a number of different approaches that could have been pursued. At the end of the day, we had to figure out how to take large chunks of unstructured data, and add appropriate structure. We also recognized that it would be important to derive some additional structured variables to give us more to look at and make the analysis more interesting.
To provide some context, the original data looked something like this:
It's just a wall of text. This is where the Data Jedi's Discipline comes into play. In our example, SAS® Data Integration Studio was the Discipline. SAS®Data Integration Studio is a point-and-click environment that enabled us to build and edit data as well as manage the metadata.
The primary data process involved creating a reference to the original data, specifying the delimiters and file parameters, then viewing the output.
It's just a wall of text. This is where the Data Jedi's Discipline comes into play. In our example, SAS® Data Integration Studio was the Discipline. SAS®Data Integration Studio is a point-and-click environment that enabled us to build and edit data as well as manage the metadata. The primary data process involved creating a reference to the original data, specifying the delimiters and file parameters, then viewing the output.
The first version of the dataset looked like this:
We found that the initial pass wasn't going to work without some additional parameters. Since the ultimate plan was to analyze the text, having the text broken out by line break would lead to inaccurate results. Just like analytics are iterative, so are data processes.
After some trial and error, we ended up with a dataset that combined the data from all three movies into a dataset called Trilogy. We were able to associate character lines with the proper character, pull out location information, and associate lines with the source film.
The next step was to begin analyzing the data using text analytics. SAS®Contextual Analysis is the Data Jedi's lightsaber. It's an elegant weapon, for a more civilized age.With SAS® Contextual Analysis, we were able to classify, cluster, create term and concept maps, build rules, and score the data. The end goal was to create more structure from the unstructured data.
Initial exploration indicated some problems in the data. Taking a look at the terms list and their associated synonyms showed that Luke was appearing as a person, a location, an organization, and a proper noun. That means that when analyzed with text analytics, he'd appear multiple times in a variety of contexts.

Ideally we'd have Luke just appearing as a person, or better yet, a Jedi. To accomplish this, we created a synonym list. We went through the exercise for most of the key characters. Here's a small snippet of the synonym list:
Now armed with a synonym list, we can move on to some visuals. Let's start with one of the most pivotal characters in the entire saga...Darth Vader:
This term map picks up on the relationship between Darth Vader, the Emperor, and Luke Skywalker.
Next, let's take a look at Captain, then Admiral Piett. In case you aren't sure who Piett is, here's a picture. He's a very solemn guy.
In this term map we can see Piett's rise from captain to admiral of the Star Destroyer thanks to Admiral Ozzel's untimely demise at the mercy of Darth Vader's Force choke. It's also apparent that he's often standing on the bridge of the ship:
Next, we have markers for the Dark Side--fear, anger, hatred:
Digging into the Force shows the connection to the Dark Side:
...and the coup de grace. This one is my personal favorite because it shows the relationship between Luke Skywalker and bringing balance back to the Force. This part makes me very excited to see what happens in The Force Awakens!
Exploration of unstructured data doesn't stop with term mapping. We can also look at topic clusters. This is an example of automated topic extraction. It shows the connections between Darth Vader, the Emperor, Luke Skywalker, and the word father. It shows a word cloud and some context down below:
Exploring that topic shows us that we have a contextual rule that was automatically generated around Darth Vader:
We can drill into the rule to see the syntax. You can also modify the rule, if necessary. Machines sometimes work with language in ways that a person may not. In this example. Darth Vader is classified as darth, Darth Vader, or vader. We might want to remove "darth" because that title is a Sith title, and isn't specific to Vader.
We also have the power to build our own rule sets and classifications based on business rules. In this example, I created a few categories--Bad Guys, Good Guys, Systems (as in planetary), The Dark Side, The Force, and Weapons. In the example below, we can see that the Bad Guys category has rules outlined for Darth Vader, Jabba the Hutt, Emperor, Admiral Piett, Bounty Hunters, and Sith. "Bad Guys" is purely subjective on my part. Bounty Hunters aren't really "bad", but for my example, I've labeled them in that manner.
Rules don't have to be complex or complicated. In the case of my Bounty Hunters, the actual rules are just classifiers. If the name Boba Fett is mentioned, lump him into Bounty Hunters under Bad Guys, For reporting purposes, Boba, Greedo, IG-88, Dengar and Bossk are all going to show up as Bounty Hunters, and not as individuals.
After having engaged in the data management processes, visual exploration, and rule creation, we end up with a dataset that has 14 variables. That's 14 structured fields from that original wall of text!
What can we do with all of this new, structured data? We can further visualize it! SAS® Visual Analytics is the Data Jedi's Mind Tricks. These are the visualizations you were looking for! Let's look at a few distributions of the new variables. First, the distribution of spoken lines. These shouldn't surprise many fans. I love Luke Skywalker. I really do, but the man whines a lot. Han is always ready with a snarky or sarcastic remark, and C-3PO is an anxiety-ridden mess.
Next, a breakdown in mentions of the Dark Side versus the Force:
Finally, a breakdown in the mention of weapons, with the Death Star getting an overwhelming majority of the mentions:
Our Data Jedi's Mind Tricks also has the ability to create word clouds with topic detection and sentiment analysis. Keep in mind, this is a conglomeration of the scripts from all three movies in the original trilogy. Here's a word cloud with some contextual information below about Luke:
...and who doesn't love Ewoks? 
I hope you have enjoyed this analytical tour through the first three films in the Star Wars saga. The original paper that this post was based on can be found here: Star Wars and the Art of Data Science. Have questions? Want to see more? Contact me!
Enjoy The Force Awakens, and may the Force be with you!
Etiketter:
algorithm,
algorithms,
analysis,
artificial intelligence,
big data,
bigdata,
business,
data,
data jedi,
Data science,
data scientist,
databases,
deep learning,
Hadoop,
jedi,
machine learning,
star wars
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