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Computer Vision

Mykola Lavrskyi

26 Aug 2019

Computer Vision (CV) is a cutting-edge topic of Artificial Intelligence. The goal of CV is to extract information from digital images or videos. This information may be camera position, object detection and recognition, grouping searching image content. The extraction of information is a big challenge in practice that requires combining of programming, modeling, and mathematics. The interest on the Computer Vision raised among scholars in 60’s. In those days, researchers worked on extracting 3D information from 2D images. Despite this, imperfect computing capacity and small isolated groups…

Predictive Analytics Workflow

Mykola Lavrskyi

22 Jul 2019

Many companies use predictive models in their activity to provide better customer service, to sell more products and services to customers, to manage risk from fraudulent activity, to better plan the use of their human resources, etc. How the predictive analysis provides all these opportunities? In this article we will consider the process of predictive analytics. The starting point in your analysis is determining the goal of the project. The clear set task is important in implementing correct predictive analytics methodology and in choosing necessary data sets. The next step is to collect…

Predictive Analysis in Business

Mykola Lavrskyi

05 Jul 2019

Making decisions in business quite often is based on assumptions about the future. There is a steady aspiration of companies to develop and deploy an effective process to understand trends and relationships in their activity in order to gain forward-looking insight to drive business decisions and actions. This is called predictive analytics. We can define the predictive analytics as the process that uses data and a set of sophisticated analytic tools to develop models and estimations of the environment behavior in the future. In predictive analysis, the first step is to collect data. Depending…

How Can Data Science Help My Organization?

Mykola Lavrskyi

26 Jun 2019

Nowadays, there is a tendency to hire data scientists or even to form data science groups in companies. And this is true not only for specific activity sectors or for large organizations. Small and midsize business more and more involves data scientists work to get actionable insights from collected information. So, how data helps to run and grow everyday business? There are several areas where collected data and the insights draw from that data can have a significant impact on business. Improved Decision Making. Analysis of the customer’s behavior and personal data, its feedback give…