Articles

7 Important tips for buying or selling a business

The process of buying or selling a business is very close to any other selling process. However some of the factors that impact success are not so obvious. I was fortunate to be on both sides of the deals in different transactions. Here are some of my observations that can help - • Do not build your organization with a...

Preparing Your Business For Acquisition: The Leadership Mindset

I was contacted by many, after seeing my recent post about acquisition of CoreView Systems by SumaSoft. Immediately after the first common message “Congratulations…”; the curiosity kicked in.  “What was the most challenging part of the deal, Makarand?” I believe many were expecting to hear the valuation, or the selection process itself as an answer. Personally I found that the...

WebSockets

India-Pakistan standing against each other once again for the Asia cup. Luckily the match was on weekends so we got to sit at home and watch. But many times the match is going on and we are working - in such case people prefer opening a site showing live updates of the match. Real time updates is a very common use case...

Detecting outliers: analysis technique for data scientists

This year, it was the eighth reunion of my class friends from high school. A few years ago, we discovered each other through various social media channels, and then we have been meeting regularly in person. As it happens in any other group, most of the friends enjoy talking to each other, rejuvenating from the memories of the past. However...

Can data science help insurance to gain a competitive edge

Insurance is one of the largest industries globally, in terms of investments, returns as well as its social role in covering risks. As the insurance sector works on investment and returns and also is about risk management, needless to say it has tons of data available, and traditionally uses statistical models for risk assessment and deciding premiums and so on. This...

Labeled data rarely exists in the real world

Majority of the machine learning courses assume the availability of labeled training data as it’s crucial for supervised machine learning models. But, labeled data rarely exists in the real world. We need to collect labels and labeling data is hard and costly, without labels there is no model. So what’s the solution? Active Learning: We need to build a model to label...

The importance of data tagging

It was the first day at high school. The class was full of students from different parts of the city. A few had moved to the city from nearby towns. Except for a few, who were with me in the primary school, most others were new faces. Naturally the day started with the round of introductions. The intro contained lots...

The importance of customer segmentation in business succession

The key criterion for any business to be successful is knowing your customers well. Knowing them well even before they become your customers.  The organizations work hard to identify their target audience. Customer segmentation is very useful in Taking the decision about where to place your advertisements, what content to use, to use the marketing budget effectively Defining the customer...

The importance of data analysis in business

The data always tell a story, it needs to be heard correctly and without bias. Many a times the decision makers want the data to corroborate the conclusion that they have already reached. Some others tend to just discount the outcomes, as “Ah this is obvious or just common sense. We don’t need Big data to know this.” Both these...