Tuesday, December 1, 2015

Ratan Tata has invested in Crayon Data which is in the space of Big Data

Ratan Tata has invested in Crayon Data which is in the space of Big Data. The company makes use of machine learning and complex algorithms to understand the consumer’s choice and preference. It uses about 15 parameters to analyze the data. It was founded by Srikant and Suresh in 2012, both from IIM Calcutta. Crayon Analytics has been named as one of the most successful startups by global platforms like TiEcon, CEBIT, IBM Watson Intech50 and OrangeFab. The organization has about 100 people and offices in Chennai, Dubai, New York, Singapore and London.

Read More at http://www.anallyz.com/

Monday, November 30, 2015

Top industrialists which include the names of Bill Gates, Richard Branson, Mark Zukerberg, Ratan Tata, Mukesh Ambani, Meg Whitman, Jack Ma and other investors will join hands through Breakthrough Energy Coalition to provide carbon free, reliable and affordable energy to the world

Top industrialists which include the names of Bill Gates, Richard Branson, Mark Zukerberg,  Ratan Tata, Mukesh Ambani, Meg Whitman, Jack Ma and other investors will join hands through Breakthrough Energy Coalition to provide carbon free, reliable and affordable energy to the world

About 150 heads of state attend Conference of Parties (COP 21 ) in Paris to decide on actions for slowing down climate change. India’s PM Narendra Modi is also attending the conference.

About 150 heads of state attend Conference of Parties (COP 21 ) in Paris to decide on actions for slowing down climate change. India’s PM Narendra Modi is also attending the conference.

Sunday, November 29, 2015



BALTIMORE, MD, November 23, 2015—Koch Industries received international recognition for their contributions to wildlife habitat conservation and education at the Wildlife Habitat Council (WHC) Conservation Conference held November 12. Koch Industries demonstrated its commitment to environmental stewardship by winning the Conservation Education Award.

The Conservation Education Award recognizes a corporate member that has a history of striving for excellence in conservation education and outreach. This award honors not a single program, but rather an entire organization, for its combined efforts in providing quality educational experiences to its employees and the surrounding community.

“Koch companies’ conservation education programs are exemplary in their reach and quality,” said Margaret O’Gorman, WHC President. “Combined, Flint Hills Resources’ Corpus Christi Wildlife Learning Preserve and Joliet facility, Georgia-Pacific’s Leaf River Cellulose operations and INVISTA’s Victoria site have hosted more than 3,000 learners since 2007.”

In all, WHC has certified 13 Koch company sites in nine states, with approximately 311, 653 acres under management, and supported by more than 125 employee and community volunteers.

“We are honored to receive this recognition and extremely proud of the success that our employee-led conservation programs have achieved over many years. Supporting our employees’ ongoing efforts at the local level demonstrates a shared commitment to caring for the environment,” said Sheryl Corrigan, director of environmental, health and safety for Koch Industries. “We have also been fortunate to establish wonderful working partnerships with local educators, making it possible to provide fun and meaningful educational experiences for thousands of children at many of our certified sites.”

Wildlife Habitat Council promotes and certifies habitat conservation and management on corporate lands through partnerships and education. WHC’s programs take corporate sustainability goals and objectives and translate them into tangible and measurable on-the-ground actions. Through a focus on building collaboration for conservation with corporate employees, other conservation organizations, government agencies and community members, WHC programs focus on healthy ecosystems and connected communities. WHC-assisted wildlife habitat and conservation education programs are found in 45 states, the District of Columbia and 13 countries.  More information at www.wildlifehc.org.  Conservation registry available at http://wildlifehc.conservationregistry.org/ 

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Rotary Club of Deonar, Eureka Forbes Institute of Environment and Avanti Foundation set up project ‘Surakshit Jal Dhara’ in Baiganwadi

Rotary Club of Deonar, Eureka Forbes Institute of Environment and Avanti Foundation set up project ‘Surakshit Jal Dhara’ in Baiganwadi

Mumbai, 7th November, 2015: In a step towards addressing the health problems faced on account of unhealthy drinking water consumption at Baiganwadi in Govandi, Eureka Forbes Institute of Environment has partnered with Rotary Club of Deonar and Avanti Foundation to launch a social platform as part of the ‘Surakshit Jal Dhara’ project. Further to this, by Mr. Subhash Kulkarni, Rotary 3140 District Governor was invited today by the trio to inaugurate a new Water Shop set up at the location through a local trust of entrepreneurs from the community as a sustainable social business model.

Govandi, one of the most underdeveloped localities of the city, has been observing an upsurge in number of problems owing to general lack of sanitation combined with contaminated water leading to chronic waterborne ailments. Nearly 49 per cent households in the community have to borrow money, mainly for health and consumption loans, the repayment of which stresses the already low income that people have.  Baiganwadi, located between Shivaji Nagar and Mankurd, is no exception to this abysmal situation. Out of the population of 2, 00,000, less than 2% follow proper hygiene, only 5% have access to safe water, and over 80% are living below the poverty line. Moreover, enclosed by Mumbai’s largest waste dumping ground to its north and the Thane creek to its east, the slum is surrounded by heaps of garbage and public defecation, adding to its grave problems of drinking water contamination and sanitation.  

Residents of Baiganwadi have in the past mounted containers on their cycles and wheels all the way to the highway about a kilometre away, or to neighboring areas, to collect water from private tankers or from people who sold water from their own connections. Taking cognizance of this need to provide clean and healthy drinking water to this community and to combat the infrastructural inadequacies, ‘Surakshit Jal Dhara’ project has been envisaged, with a larger vision of empowering the group and providing them with a mechanism to safeguard themselves from hazardous diseases that emerge merely from drinking contaminated water.
Apart from granting the inhabitants of Baiganwadi access to safe drinking water at an affordable cost of Rs.0.50 per litre, this innovative initiative provides a great platform for locals belonging to the community, to explore their entrepreneurial-side by partaking in the managing and controlling of the Water Shop. This undertaking offers a unique opportunity to the locals to earn their livelihood by owning and supervising the operations of the water filtration units thus empowering them.
Talking about this initiative, Mr.Ajit Pappu, President- Rotary Club of Deonar, said, “It is a matter of immense honor to be associated with Eureka Forbes Institute of Environment and Avanti Foundation in support of this noble cause. About 83% of diseases that Mumbaikars are affected are water borne in nature. The Baiganwadi area, on account of lack of basic amenities like proper drainage and public health facilities, are prone to life-threatening illness on account of water contamination. Through the launch of the Water shop in this area we aspire to offer the communities affordable and hygienic drinking water option so that they can keep themselves and their families safe and healthy in the long run. We are also certain that this initiative will enable the local communities running the Water Shop, to feel more independent and empowered thus making a significant difference to the well-being.”

Mr. A.V. Suresh,Trustee, Eureka Forbes Institute of Environment said, “The key to the success of such projects is involving the community. The current project is designed to empower a local trust of entrepreneurs from Baiganwadi. In fact, it also has a health education component involved as well, which is essential as most people in the project area lack a good understanding of the need to consume safe water. Baiganwadi area receives scarce water supply, due to which residents have got into the habit of storing water for longer duration in drums. This leads to the rise in water-borne diseases among residents. We believe this initiative will play an instrumental role in safeguarding the health of people within the community by providing them easy access to safe drinking water.”
shared with sustain2green for publication

Monday, November 23, 2015

Alibaba, Flipkart, Snapdeal and Amazon using analytics for fraud detection

Analytics and advanced algorithms are helping e-commerce companies to battle online fraud. The nature of fraud keeps on changing and also become complex as various players become mature. Analytics have to be used constantly by these firms have to scan huge amount of transactional and master data to draw inferences out of them. The fraudulent transactions can be not only from the customers but also from various other players like sellers who use these market place. Various parameters are used in these algorithms to scan and ween out fraudsters. For example product pricing or discounts, consumer complaints can be an indicator if the seller is selling fake products. Fraud detection has become an area of competitive advantage for e-commerce companies like Alibaba, Flipkart, Snapdeal and Amazon. 

Monday, November 9, 2015

India will have the largest global workforce by 2050

India will overtake China with 18.8 percent of global workforce compared to China’s share of 13 % by the year 2050 according to Bloomberg. These projection are made on the basis of the projection of the working age population. This could be a key asset for India as the India grows economically. However there are few challenges like skill and jobs for a large population that needs to be overcome.  

Friday, October 16, 2015

ANALLYZ :Self-Service Analytics

ANALLYZ is a Free, Cloud-based, Interactive, Self-service Business Analytics Software. It has been developed with a vision to provide an easy tool to Business Users, which they can leverage for Business Analytics, without relying on Statisticians or Data Scientists. It allows one to do whole gamut of Analytics work, ranging from Data Visualization, Simple Queries, Predictive Analytics, Optimization, Time-series Analysis to Text Mining. For the uninitiated, there is Self-driven Training on Statistics and Analytics techniques. For Business Users, looking for something specific, there are Tools for Supply Chain, Finance, Simulation, Operations etc. Click on the  links below to explore Self-service Tools on Predictive Analytics, Text Mining, Training and some specific Business applications like Demand Forecasting, Safety Stock Analysis, Text Analytics, Simulation, Markov Chain Analysis etc.
Please let us know what do you feel about : Self-Service Analytics by taking a small survey.

Wednesday, October 7, 2015

Graphical Techniques: In Analytics

Graphical Techniques: In Analytics
 Primarily Line, Table, Column, Bar, Pie, Scatter Chart, Histogram etc. are used.
Categorical Data: The only measure which could be used on them is counts for each Categories. Accordingly, we can use Table, Bar(Column) or Pie Chart for them.
Continuous Data: The most widely used techniques are Histogram (also called Frequency Distribution) and Line Charts (mostly used with data stamped with Time).
Please load Sample data set Country_Car_Sales on Training Page and use Descriptive Statistics option to learn different techniques.
Example: Read variables AnnualCarSales, GDP, SizeofEconomy etc. to generate different charts. Depending on whether the selected variable is Continuous or Categorical, appropriate charts are generated. 
Combination: We often encounter a mix of Categorical and Continuous data, which in Analytics parlance are also called Dimension andMeasure respectively.
When we combine two Dimensions we get what is known as a Contingency Table. We can combine two continuous variables by a Scatter plot. We can combine Categorical and Continuous data by aggregating Continuous values for Categories by means of Bar or Column Charts.
Line/Column/Bar Chart
 Line, Bar etc. can be used to see distribution of a Measure for a particular Dimension. The measure can be either a sum or mean for a Category. 
 Scatter/Bubble Plot: Scatter Plot is used to find relationship (correlation) between two Continuous(numeric) variables. It can be an important insight for detailed Analysis like Variable Screening or Predictive Modelling. Bubble Plots are advanced Scatter Plots which use an additional Size variable. It can accomodate an ID variable too, which has to be a Categorical(Dimension) Variable.