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Data Analysis

Qualitative Analysis

What is Qualitative Analysis? Qualitative analysis is a research tool used in businesses in order to analyze an organization’s overall value based on non-quantifiable indicators. The non-quantifiable indicators can be information on items within an organization, such as their industry cycle, management expertise, responsiveness to inquiries, strength of business functions, labor relations, or even their...

Feature Engineering

What is Feature Engineering? Feature engineering is the process of selecting, transforming, extracting, combining, and manipulating raw data to generate the desired variables for analysis or predictive modeling. It is a crucial step in developing a machine learning model. What is a Feature? A feature refers to one unique attribute or variable in our data...

AutoML for Data Scientists

What is AutoML? AutoML (Automated Machine Learning) is a term defining the methods, processes, and frameworks to automate some or all steps of the machine learning pipeline. It offers off-the-shelf components and tools to optimize, as well as accelerate, the machine learning process. Before jumping into AutoML, it is helpful to understand the machine learning...

NFT

What is an NFT? NFT is an acronym for “Non-Fungible Token,” which is a non-interchangeable and unique unit of data stored on a secure digital ledger called a blockchain. It is a form of a digital signature that is publicly verifiable. Non-fungible tokens are associated with distinctive digital or physical assets and can be traded...

Minting Crypto

What is Minting Crypto? Minting crypto is the process of generating new coins by authenticating data, creating new blocks, and recording the information onto the blockchain through a “proof of stake” protocol. Both cryptocurrency and Non-Fungible Tokens (NFTs) can be minted this way. Newly minted crypto is then added to the circulation to be traded....

Domain Knowledge (Data Science)

What is Domain Knowledge (Data Science)? In data science, the term domain knowledge is used to refer to the general background knowledge of the field or environment to which the methods of data science are being applied. Data science, as a discipline, can be thought of as the study of tools used to model data,...

How to Make a PowerPoint Presentation?

How to Make a PowerPoint Presentation? A PowerPoint presentation is a very powerful tool to convey information to an audience. It is often used in lectures and business meetings as it provides visualized messages. Here are the basic steps for beginners to create a PowerPoint presentation from scratch. Create a Presentation When opening PowerPoint, it...

Top 10 Power BI Features

Top 10 Power BI Features At the 2021 Microsoft Business Application Summit, Microsoft revealed that Power BI is now used by 97% of Fortune 500 companies. With so many users now on the Power BI platform, a question that often gets brought up is, “What are the top Power BI features I need to know...

Incidence Rate

What is Incidence Rate? The incidence rate or incidence measures the frequency of a specific event over a defined period of time. In business, determining an incidence rate can be done through gathering samples, conducting surveys, and testing products. Incidence is generally expressed as the number of cases per person per year of examination. For...

Chebyshev’s Inequality

What is Chebyshev’s Inequality? Chebyshev’s inequality is a probability theory that guarantees that within a specified range or distance from the mean, for a large range of probability distributions, no more than a specific fraction of values will be present. In other words, only a definite fraction of values will be found within a specific...
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