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Tuesday, June 28, 2016

[MTC Global] Re: Big Data & Analytics Hub of the World: India targeting USD 16 billion share by 2025


Dear All,
Numbers indeed have a story to tell.
  • In a marked contrast to the the traditional rules of Peter Drucker's knowledge-economy approach, the digital economy emphasizes
  • predictive-, scenario-, and prognosis-based decision making
  • based on the central concept of real-time data availability....
  • that brings us to data visualization professionals....
  • S.Anand Gramener and Raam Nayakar at Myntra,
  • After graduating from IIM B, S.Anand moved on to jobs at the Boston Consulting Group and Infosys Consulting. In 2012, he was infected by the startup virus, and became chief data scientist at Gramener, which specializes in data visualization.
  • "We use Python (a programming language) for most of our analysis. It's easy to learn, and easy to explore data with. R and Julia are quite popular as well. But Excel remains the primary method for data exploration in most organizations, and is quite effective."

  • Somewhat like endurance biking, data science is about staying power and enjoying the ride. Little wonder that Raam Nayakar, who is senior manager of marketing analytics and strategy at fashion e-retailer Myntra, follows one as a passion and the other as a profession.
  • "It's a dynamic field. Finding new ways to analyse data keeps me on my toes. For instance, I recently learnt Python, an open-source analysis system in demand these days."
Many startups are now offering data science incubators and boot camps to train an army of data miners.
Cheers,
G.S.Autee

On Tue, Jun 28, 2016 at 10:48 AM, Govind Autee <g.s.autee@gmail.com> wrote:
Dear All,
Senior most industry veterans and corporate executives are welcomed to head the Analytics Startups.
Former Dell India president and MD Sameer Garde has recently joined as head of global alliance, strategy and partnership at analytics startup IQLECT founded by former Jabong CTO Sachin Sinha. http://www.iqlect.com/
  • The growth of data on digital shoppers, product SKUs, price changes, promotional performance, and purchase habits has been exponential.
  • Facing market saturation and more selective consumers, online retailers will need to make better use of data analytics to gain ground...as per Kevin Wei Wang of McKinsey
  • Firstly the insight comes from using data to scrutinize the way value migrates across the customer life cycle, which includes the conversion of new customers, first-time repeat-purchase behavior, and purchases that involve trading up or category expansion.
  • Second, leading players are starting to adopt analytics-backed pricing and promotional approaches.
  • Third, advanced-analytics systems are facilitating quick-cycle test-and-learn approaches.
Cheers,
G.S.Autee


 

On Sun, Jun 26, 2016 at 11:59 AM, Govind Autee <g.s.autee@gmail.com> wrote:
Dear All,
You hear a lot about big data architects and data scientists but there is one role that doesn't get a lot of press and that is the data strategist.
  • Good data strategist is someone with an MBA who understands the business side of the equation yet knows the technology and analytics well enough to know what the IT and the data scientist are doing and the tools they are using.
  • This person needs to be well rounded in finance, marketing, leadership and other areas of the business.
  • Essentially acting as a business owner for data.
  • The main reason for such a role, to make the data actionable for the business.

Typical Full-time Program at Hyper Island Stockholm for Digital Data Strategist: Length: 80 weeks Internship: 25 weeks

At the core of a Senior Data Strategist is a person who is curious and inquisitive about everything around them. It is a person who enjoys digging into the numbers and research to get to the root of problem, rather than being satisfied by a surface level understanding. You are able to take complex ideas and convey them to audiences that may have varying levels of experience in data analysis.

Cheers,

G.S.Autee


On Sat, Jun 25, 2016 at 10:32 AM, Govind Autee <g.s.autee@gmail.com> wrote:
Dear All,
Big Data Analytics: What's your plan?
  • Data: A game plan for assembling and integrating data is essential.
  • Analytic models: Integrating data alone does not generate value.
  • Tools: The output of modeling may be strikingly rich, but it's valuable only if managers and front-line employees understand and use it.

Cheers,

G.S.Autee


On Fri, Jun 24, 2016 at 11:16 AM, Govind Autee <g.s.autee@gmail.com> wrote:
Dear All,
India will soon emerge as big data and analytics hub of the world.
  • Analytics industry is witnessing the emergence of specialized roles like data architect, data strategist, data visualization analyst and change manager, among others,
  • With over 90,000 analytics professionals in India, over 600 analytical firms in India, of which approximately 400 are startups, are positioning the country as an emerging hub for analytics solutions for industries across the globe,
  • Growing at eight times the current levels, the analytics industry is expected to reach USD 16 billion from the current level of USD 2 billion by 2025. Indian analytics market is growing at 26 per cent CAGR.
Cheers,
G.S.Autee




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