Satinder Singh Madhok
Satinder Pal Singh Madhok an famous Indian IT specialist, who has lots of experience regarding data science and business analytics, Satinder Pal Singh Madhok shares his experience through his blogs, which are very informative and interesting. According to Satinder Pal Singh Madhok data science has lots of scope in future.
Monday, 9 December 2019
Friday, 6 December 2019
Advantages of data analysis
In the recent world of growing technology and trends, something
which has evolved enormously is the field of data and analytics. Data is termed
as the new fuel which has the ability to drive the whole world. You can imagine
data analysis very relatable to your real life. It is somehow similar to making
decisions on a particular subject.
Whenever there is a time in your life when
you have to make a new decision, what do you do? You try to think of all the
possible and relatable scenario of your past, analyse the results and then come
to a conclusion of what you should do. When you already know from your past
experience that what things will lead to what, you can make a good decision.
Data analysis also deals in the similar fashion. It is collecting
the raw facts and figures along with all the useful information which are
relative about a subject and then using different tools and algorithms to make
a proper analysis based on that.
Now the question arises why data analysis is
so important and what are its advantages? If you see in the perspective of a
business firm, data analysis plays an extremely important role to make more
informed and better decisions. With the help of data analysis, a large record
of data can be processed all together for last many years.
Drawing the
conclusion based on that the entire strategy and planning for the new term can
be devised for more profit of the organisation.
Data analysis also helps in a great deal to establish good customer relationship
by understanding their requirements in a better way. It helps to mitigate the
losses occurred due to any less productive decisions taken in the past and derive
great ways of solving issues.
Also if there is a sudden change in the market
conditions, it allows the business to adjust and hold the flexibility within
itself so that it is not impacted in a negative way. Apart from the field of
business, data analysis has been a boon for various respective domains like
medical science for analysis of various diseases, drawing patterns and yielding
better results.
Data analysis provides its features to devise preventive measures and
awareness about any kind of possible risk scenarios. It helps to safeguard the
future in a great way. There is a lot of data flowing over the web and it is of
no use if we can not use it for some good purpose.
A small example of how data
is made into a productive use can be understood through the shopping websites.
You would have noticed that if you even search for a dress over some shopping
website, you will keep getting numerous suggestions of related articles every
time you are surfing over the net.
This is possible only because these websites
have algorithms working in the background to keep a record of the pages you
visit and showcase your interest.
Therefore, in short you can understand that data analysis is very
useful in today’s life in multiple fields and domains because there is no
definite way to predict future but with the tool of analytics, we can find a
mid way to solve various problems, explore different new options and make
better decisions for ensuring the overall growth.
Friday, 1 November 2019
What is data mining?
According to Satinder Singh Madhok in the modern world of ever increasing technology and research, there has been a lot of talking and discussion going on about data. You all
must have been part of some conversations around in your office or if you like
to read content, you are definitely a part of this revolution which data has
brought.
So first of all lets try to understand what data in its most general
terms means and then we will look into a even greater part of it which is
referred to data mining. Satinder Madhok says, data is anything which has some facts and figures. In
a small world, you can anything a data or a part of data.
For instance a piece
of writing is data, any object has some specific attributes which defines it is
data, your shopping list is data. Similarly anything which contains some
information about something can be called as data.
Everyday a huge quantity of data is produced around the world. If
you take internet as the means to access data, certainly there is an infinite
data present about any tiny thing on the internet which you aspire to get. Now
you have clarity about one thing that data is present everywhere but now the
second step to dig out is what is the use of this enormous data and how can be
access it efficiently.
Let us try to understand this with a very small example.
You all do a lot of online shopping over online marketing websites like
Flipkart or Amazon. Now suppose there is a festive season and you are looking
for some nice traditional dresses of red colour. In the website of Amazon,
there is a pretty huge collection of outfits present.
How do you exclusively
pick out what you want? So here is the thing. There is an option to search and filter out
your kind of choice. First of all, you will go into the traditional dresses
section. Then as you want something of red colour, you will filter out
selective dresses which are in the colour of your choice.
Now you may have some
budget in mind and then you can order something which you like and which is in
your budget. So this whole process of selection is what we call as data mining.
This is like taking out the useful data from a huge chunk of data. You can
compare it like digging of gold from the earth.
There are many things which the
earth contains but the miners take out the most precious gold and leave the
rest as it is. Data is also the same thing. There is a lot present on the web
but you need to pick the one which has got importance to you by mining the
data.
There is proper mechanism according to which the entire process of
data mining works. There are different algorithms written which works on the
background to help retrieve the most useful piece of relevant information the
user is searching to get.
There is a knowledge base which keeps on getting
updated for the set of data which is requested actively. If the data which the
user is searching for is present already in the knowledge base , he will be
able to retrieve it quickly.
There are data warehouses which are maintained for
all kinds of data in groups. All of this helps for fast retrieval and access of
data to make the mining of data more proficient and easy. This world is moving
towards analytics and data mining is certainly the core of it.
Thursday, 29 August 2019
How Data Science Is Transforming The World According To Satinder Singh Madhok
Satinder Singh Madhok are the residents
of an ever-growing world where the technological advancements are at their
peak. Something brand new which we are aware of today is the popular
development in the field of data science. There is huge market change seen and
everyone is discussing the same but do we all actually understand the
underlying concept of this data science? First of all, let's break this
terminology and see what we get. What is data in the most basic sense which we
all can understand? Well, data is simply some facts and figures which describes
something. Let's say for an instance, there is a pen. The data of this pen
maybe it is color, it's brand, its shape, and its capacity. Similarly, there
are some data related to every single thing which exists on this planet. In the
most general terms, data science is the study of these data in order to produce
some better and relatable results which can be useful indeed.
Satinder Pal Singh Madhok say that data
is flowing like water everywhere. Every day around 2.5 exabytes of data is
produced all around. The value of this data is so much that is beyond
imagination. And before Satinder see how data becomes so useful, lets
first understand where the data is produced and secondly, how your data reaches
various different places for utilization? Today you use different websites over
the internet for a number of reasons considerably for online shopping, studies
or simply browsing things of your interest. You must have noticed that if you
visit some online shopping site say Amazon and searched for a particular kind
of dress, the ads of the similar dresses will keep popping up whenever you
browse through any other website as well. This is because of the algorithms
functioning behind the hood and keeping an eye on everything you do and
henceforth, collecting your data.
The same happens with the social media websites as they too serve
one of the greatest sources of providing data. What you like wearing, what places
you wish to travel, what is your favorite food, what are your hobbies, each and
every detail can be gathered about you over the internet and suggestions will
keep coming to you with respect to your interests. Someday if you start to
search for how to get a loan for higher education, you will out of the blue
start receiving calls from different banks offering you with benefits and
discounts on loan. These are all due to the data science running behind. Now
why this data is so important? Data is the basis of everything going on in this
world. It is with the proper analysis of this data that the huge companies come
to know what the market demands. What kind of products and services will bring
a revolution in the market if launched?
All of these predictions are based on market data. They target each
individual differently so as to provide them with their kind of customization's.
This can be very similar to an example where you need to gift your best friend
something on his birthday. You will very well know what exactly to get for him
simply because you know him so well. In the same fashion data science also
works. As it can draw a very good analogy using artificial intelligence and
machine learning and keep you happy showing you things which you like. This has
created a wide range of differences in the market and people are however
spending more being lured. However, not just in the marketing world but in
every other field like medical science, data science plays a huge role. It is
with the study of medical records of a patient that his treatment and diagnosis
is designed.
Therefore, data science has not left a single stone unturned and
sooner it is going to establish its role in the rest of the industries in the
world.
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