As technology continues to advance so will the field of data science. Much of 2018 was viewed as the year of data breaches and leaks; this year however, will be known for technological disruption and use of Artificial Intelligence. In 2019 we will also see a focus on maturing technologies. Here are some of the top data science trends for 2019:
Reinforcement Learning: During 2019 there will be a resurgence of reinforcement learning. Even though this is best described as a “human-like learning behavior,” we will see its use in data science through statistics and algorithms. Concepts using reinforcement learning will start to turn into actual products as well.
Augmented Data Management: This latest trend in data science is a game changer for the industry. According to Information Age, “Augmented data management utilises machine learning capabilities and AI technology to make data management categories including data quality, master data management, metadata management, data integration as well as database management systems (DBMSs) self-configuring and self-tuning.” Thanks to augmented data management, more individuals will be able to use data. It also gives high-level data scientists the opportunity to work on more important tasks.
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Data scientists are in high demand as companies are constantly seeking to get the most value from their resources. Greg Boyd, director at consulting firm Protiviti, says, “as organizations begin to fully capitalize on the use of their internal data assets and examine the integration of hundreds of third-party data sources, the role of the data scientist will continue to expand in relevance.” The rising stars of many businesses are the savvy data scientists who can not only manipulate large amounts of data using complex statistical and visualization techniques but also have a strong acumen that they can derive forward-looking insights. Now, to be an elite data scientists, one must have a particular set of skills. Here are some of the essential traits that data scientists have.
In order to be able to apply objective analysis of facts on a given topic or problem, they need to be solid critical thinkers. According to Anand Rao who is a global artificial intelligence and innovation lead for data and analytics at PwC, “they need to understand the business problem or decision being made and be able to model or abstract what is critical to solving the problem, versus what is extraneous and can be ignored.”
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Even companies that seem to be at the forefront of the digital age are not taking full advantage of their resources. While they may be instituting all of the latest marketing trends, most are ignoring the data that those efforts are helping them collect.
Data Science Requires a Vast Amount of Data
In fact, there are several ways to collect and analyze data in smaller clusters. By looking at the speed at which data was collected, you can get a snapshot of current consumer trends. Looking at a variety of data, on the other hand, tells you how your consumers are finding you and what they’re looking for. Even a history of data can give you insights that you would not otherwise have obtained.
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Ethereum, often thought of as Bitcoin’s little brother, has surged at an incredible pace since the start of 2017. On March 13, 2018, Ethereum traded at $696.00. Though this may be substantially lower than Bitcoin’s March 13th price of $9,272, Ethereum’s rise over the past 14 months has been much greater. At the start of 2017, Ethereum’s price was about $8. Turning an $8 investment into nearly $700 in 14 months may sound like a speculator’s pipe dream, but it happened. With returns like that, it’s no wonder so many initial coin offerings (ICOs) are coming onto the market.
Ethereum has had some difficulties, including a bug in the popular Ethereum wallet Parity, as indicated by Sean Schroeder in a writing on Mashable, Ethereum may also be a candidate for its own derivatives market. Bitcoin derivative trading opened late in 2017, driving a major surge in Bitcoin pricing.
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Rugby is a very popular sport not just in the United States but also around the world as it is full of intensity along with its fast-paced nature. However, as the game becomes more physically demanding, it requires players to become fitter, stronger, quicker, and more powerful. Unfortunately, as these elements improve, the risk of suffering from injury also increases.
According to an RFU report, there are about 17 injuries per 1000 hours of playing, nearly three times higher than the injury rates of American football. These injuries are more likely to happen during matches than in training. The players most at risk of sustaining injuries are hookers and flankers due to their excessive involvement in physical collisions and tackles. Take a look at some of the most common rugby injuries.
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Bitcoin is probably the hottest topic in the world of finance and investments, especially since its meteoric rise in 2017. The question, however, appears to be whether or not this rise is indicative of true value. More and more people are justifying the investments in these Bitcoin and other cryptocurrencies as they claim they are an effective hedge due to the instability of fiat currencies. While it is true that a fiat money system has its weakness, it is the very reason why investors turn to assets such as gold as it provides a safety net for currency depreciation. Now, while Bitcoin and other cryptocurrencies have been widely successful, especially in recent years, it is very unlikely that they will be able to replace gold as the premier financial investment. Here are some of the reasons why cryptocurrencies will not replace gold.
Gold Will Always Have an Accessible Liquid Market
Gold has always been and likely will always be one of the most liquid assets in existence. You can easily convert it into cash immediately, and national borders do not hold it down. So, no matter where you travel, gold is gold, and you can exchange it for whatever the local currency is. However, when it comes to cryptocurrencies, things are much different. Yes, more and more countries abroad are beginning to accept Bitcoin and company, (Japan, in particular) it is still a long way ahead of mainstream acceptance.
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2009 saw the first development of a cryptocurrency (Bitcoin), and since then the world of digital currency has never looked back. Cryptocurrencies differ from traditional currencies comes in the sense that they have no centralized authority. So, with traditional currencies, there are banks and other financial institutions that handle the recording of transactions. However, cryptocurrency transactions occur directly between the parties. Cryptocurrencies also have their own a digital ledger called the blockchain which records all these transactions. There are currently over 1300 cryptocurrencies available right now, so it can be very difficult determining which ones to invest in. Here are some of the best cryptocurrencies to take a look at:
Bitcoin is the current leader in the world of cryptocurrency. They use a blockchain that currently is strictly for peer-to-peer financial transactions which may change in the future. 2017 was a groundbreaking year for Bitcoin. Its value was at $900 at the start of the year, and it rapidly grew to $6,300 by October. Since then, it has even surpassed the $10,000 mark and is in a healthy direction to continue its growth in 2018.
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