A Data Driven Analysis on the Predictive Accuracy of the MACD

After analyzing the historical data of over a thousand companies, I can confidently state that you will make more money doing the opposite of what the MACD technical indicator recommends. At an average accuracy of 49%, equity traders have better odds moving money flipping a coin (pun intended) than using this momentum oscillator.

#data-science #data-analysis #stock #fintech #trading #investing

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Your Data Architecture: Simple Best Practices for Your Data Strategy

If you accumulate data on which you base your decision-making as an organization, you should probably think about your data architecture and possible best practices.

If you accumulate data on which you base your decision-making as an organization, you most probably need to think about your data architecture and consider possible best practices. Gaining a competitive edge, remaining customer-centric to the greatest extent possible, and streamlining processes to get on-the-button outcomes can all be traced back to an organization’s capacity to build a future-ready data architecture.

In what follows, we offer a short overview of the overarching capabilities of data architecture. These include user-centricity, elasticity, robustness, and the capacity to ensure the seamless flow of data at all times. Added to these are automation enablement, plus security and data governance considerations. These points from our checklist for what we perceive to be an anticipatory analytics ecosystem.

#big data #data science #big data analytics #data analysis #data architecture #data transformation #data platform #data strategy #cloud data platform #data acquisition

How Are Data analysis and Data science Different From Each Other

With possibly everything that one can think of which revolves around data, the need for people who can transform data into a manner that helps in making the best of the available data is at its peak. This brings our attention to two major aspects of data – data science and data analysis. Many tend to get confused between the two and often misuse one in place of the other. In reality, they are different from each other in a couple of aspects. Read on to find how data analysis and data science are different from each other.

Before jumping straight into the differences between the two, it is critical to understand the commonalities between data analysis and data science. First things first – both these areas revolve primarily around data. Next, the prime objective of both of them remains the same – to meet the business objective and aid in the decision-making ability. Also, both these fields demand the person be well acquainted with the business problems, market size, opportunities, risks and a rough idea of what could be the possible solutions.

Now, addressing the main topic of interest – how are data analysis and data science different from each other.

As far as data science is concerned, it is nothing but drawing actionable insights from raw data. Data science has most of the work done in these three areas –

• Building/collecting data
• Cleaning/filtering data
• Organizing data

#big data #latest news #how are data analysis and data science different from each other #data science #data analysis #data analysis and data science different

Getting Started With Data Lakes

Frameworks for Efficient Enterprise Analytics

The opportunities big data offers also come with very real challenges that many organizations are facing today. Often, it’s finding the most cost-effective, scalable way to store and process boundless volumes of data in multiple formats that come from a growing number of sources. Then organizations need the analytical capabilities and flexibility to turn this data into insights that can meet their specific business objectives.

This Refcard dives into how a data lake helps tackle these challenges at both ends — from its enhanced architecture that’s designed for efficient data ingestion, storage, and management to its advanced analytics functionality and performance flexibility. You’ll also explore key benefits and common use cases.

Introduction

As technology continues to evolve with new data sources, such as IoT sensors and social media churning out large volumes of data, there has never been a better time to discuss the possibilities and challenges of managing such data for varying analytical insights. In this Refcard, we dig deep into how data lakes solve the problem of storing and processing enormous amounts of data. While doing so, we also explore the benefits of data lakes, their use cases, and how they differ from data warehouses (DWHs).

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This is a preview of the Getting Started With Data Lakes Refcard. To read the entire Refcard, please download the PDF from the link above.

#big data #data analytics #data analysis #business analytics #data warehouse #data storage #data lake #data lake architecture #data lake governance #data lake management

Only Data-Minded Marketers and Market-Minded Developers Can Achieve Data Driven Marketing

Using data as a part of your marketing plan can have a tremendous impact on your overall results, which is why data-driven marketing has become the standard for many agencies.

However, data-driven marketing may require many businesses to rethink the way they work, especially when it comes to cooperation between their various teams.

You may have heard about the concept of collaboration and automating processes before - something referred to as webops. Now an increasing number of companies are throwing marketing into the mix.

Among the most important factors is a close working relationship between marketing and web development teams if a business wants to make the most of data-driven marketing.

#data-driven #data-driven-marketing #web-development #marketing-data-science #teamwork #data-driven-development #data-driven-decision-making #webops

Streamline Your Data Analysis With Automated Business Analysis

Have you ever visited a restaurant or movie theatre, only to be asked to participate in a survey? What about providing your email address in exchange for coupons? Do you ever wonder why you get ads for something you just searched for online? It all comes down to data collection and analysis. Indeed, everywhere you look today, there’s some form of data to be collected and analyzed. As you navigate running your business, you’ll need to create a data analytics plan for yourself. Data helps you solve problems , find new customers, and re-assess your marketing strategies. Automated business analysis tools provide key insights into your data. Below are a few of the many valuable benefits of using such a system for your organization’s data analysis needs.

Workflow integration and AI capability

Pinpoint unexpected data changes

Understand customer behavior

Enhance marketing and ROI

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#big data #latest news #data analysis #streamline your data analysis #automated business analysis #streamline your data analysis with automated business analysis