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Cognitive Analytics is intelligent technology that covers multiple analytical techniques to analyze large data sets and give structure to the unstructured data. To put it simply, a cognitive analytics system searches through the data that exists in its knowledge base Read more
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Simple, Intuitive, and Powerful Dashboards Data Visualization: Dashboards Orbit Reporting and Analytics brings all of your data together in real-time and interactive dashboards, so you can gain a clear view of your business – at a glance. View Data from Read more
Edge analytics is a method of data collection and analysis that uses an automated analytical data computation that is performed at a sensor or other device. This is performed before the data is sent to a centralized store. This process Read more
Financial statements are reports on companies’ spending and fiscal positions. These statements can be audited by the government to prevent tax fraud and other illegal activities. Financial analysts use these statements to analyze a company’s performance, then use that information Read more
These are the methods which use parent-child relationship to drill up/down the data. Hierarchies use parent-child relationships within the data, so that a user can go deeper in order to gain a better insight into the information they are responsible Read more
Hybrid cloud infrastructure is a combination of at least two cloud infrastructures, such as private, public or community, that remain individual but are connected by standardized technologies that allow data portability. On its most basic level, this means that hybrid Read more
JD Edwards is a suite of enterprise resource planning (ERP) software from Oracle. Focused on a modern and simplified user experience, the purpose-built applications are aligned to create a seamless experience for end users that’s integrated with digital technologies. JD Read more
A measure of key business objectives of an organization. A Key Performance Indicator (KPI) is a measure that determines how effectively, or ineffectively, organizations, projects or individuals achieve their key business objectives compared to their strategic objectives and targets. With Read more
Metadata is data that contains information about other data. Metadata, in general, is used almost everywhere. The most common example is the use of meta tags in a web page. Search engines use these meta tags to identify a web Read more
Mobile Business Intelligence (Mobile BI) is software that allows BI data to be viewed on a mobile device. Mobile BI has just recently become popular among BI users, and is helpful for remote workers that need information but do not Read more
OLTP is an initialism for Online Transaction Processing. This is a type of software program that is designed to support transaction-oriented application processing. Online transaction processing systems are used in business for handling processes like financial transactions, order entries, customer Read more
On-premises architecture is comprised of data, software and applications that are installed and operated from an in-house server and computing infrastructure. It utilizes the organization’s native computing resources. It is the traditional method for storing data and running enterprise applications, Read more
Pivot tables and crosstabs are ways to display and analyze sets of data. Both are similar to each other, with pivot tables having just a few added features. Pivot tables and crosstabs present data in tabular format, with rows and Read more
Pixel perfect describes reports where the user can manipulate the size and layout with precision. This includes allowing the user to change the size of the report, the size of the printed page, and the position of the different elements Read more
A part of advanced analytics to make future forecasts. Predictive analytics are a part of advanced analytics that provide a probable picture of what might happen in the future. Considering the previous behaviors from the descriptive analytics, predictive analytics might Read more
It provides a best course of action taking a clue from predictive and descriptive analytics. Prescriptive Analytics is the final stage of Business Analytics (BA) that takes insights from descriptive and predictive analytics to identify the best course action for Read more
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The term “tabular” refers to data that is displayed in columns or tables, which can be created by most BI tools. These tools find relationships between data entries in one or more database, then use those relationships to display the Read more
The Oracle Talent Acquisition Cloud (Taleo) is a data-enriched talent management software suite that helps organizations find, develop and retain prime talent. Taleo History Oracle acquired this cloud-based talent management software in 2012, though it was founded in 1999 by Read more

Data Scientist

Data science uses scientific methods, algorithms, processes and systems to gain insights from data. The end result of their methods are usually charts or other visualizations that reveal trends and produce insights to inform the decision-making process and thus help businesses develop better products and services.

Data scientists analyze data from the internet, customer records from CRM applications, smartphones and other sources. Though data is invaluable for innovation, the key lies in the data scientist’s ability to interpret and glean insights from the data and communicate them effectively. To do this requires knowledge of statistics, business subject matters, computer science and other related skills.

Specific Tasks of a Data Scientist

  • Identify inefficiencies in business processes to uncover opportunities for optimization.
  • Collect structured and unstructured data set from various sources.
  • Clean and validate data for uniformity, accuracy and completeness.
  • Devise and apply models and algorithms to mine data.
  • Analyze data for trends and patterns.
  • Interpret data for new opportunities and solutions.
  • Communicate insights to organizational leadership using data visualizations.

Requirements for a Data Scientist

Though data scientists come from different backgrounds and use an array of skills, working in this field requires a knowledge of statistics and math. Curiosity is also an important trait, as are creativity and critical thinking. It helps to have a mind that seeks out patterns, finds trends and asks questions.

Data scientists are highly educated, with the majority holding a master’s degree or higher. They typically have a background in computer programming that informs the modeling and algorithm necessary to interpret large data sets. The two main programming languages for data science are Python and R language.

In addition to the scientific and analytical skills, data scientists working in a business environment should have an understanding of business strategy. Even with a large team of specialists, data scientists need to be able to apply the insights from data to improve business processes, develop products and inform other business-related processes.

Finally, data scientists need to be able to communicate their insights and ideas effectively to nontechnical team members to ensure that the connections are made. Without that, it may not be possible for the nontechnical team members to use the data to inform business strategies.

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