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How to Choose a Software Development Partner in Ukraine?

Nowadays, Ukraine is considered one of the best countries to work from if you are in the IT sector. While the current level of general economic growth is modest, the software industry has been blooming for the past decade, attracting more talent and creating a stable network of professionals.

Deep Learning Platforms

Artificial neural networks (ANN) have become very popular among data scientists in recent years. Despite the fact that ANNs have existed since the 1940s, their current popularity is due to the emergence of algorithms with modern architecture, such as CNNs (Convolutional deep neural networks) and RNNs (Recurrent neural networks). CNNs and RNNs have shown their exceptional superiority over other Machine Learning algorithms in computer vision, speech recognition, acoustic modeling, language modeling, and natural language processing (NLP). Machine Learning algorithms based on ANNs are attributed to Deep Learning.

Predictive Analysis in Business

Decision-making in business is often based on assumptions about the future. Many companies aspire to develop and deploy an effective process for understanding 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 predictive analytics as a process that uses data and a set of sophisticated analytic tools to develop models and estimations of an environment's behavior in the future. In predictive analysis, the first step is to collect data. Depending on your target, varied sources are using, such as web archives, transaction data, CRM data, customer service data, digital marketing and advertising data, demographic data, machine-generated data (for example, telemetric data or data from sensors), and geographical data, among other options. It is important to have accurate and up to date information. Most of the time, you will have information from multiple sources and, quite often, it will be in a raw state. Some of it will be structured in tables, while the rest will be semi-structured or even unstructured, like social media comments. The next important step is to clean and organize the data - this is called data preprocessing. Preprocessing usually takes up 80% of the time and effort involved in all analysis. After this stage, we produce a model using already existing tools for predictive analytics. It is important to note that we use collected data to validate the model. Such an approach is based on the main assumption of predictive analytics, which claims that patterns in the future will be similar to the ones in the past. You must ensure that your model makes business sense and deploy the analytics results into your production system, software programs or devices, web apps, and so on. The model can only be valid for a certain time period, since reality is not static and an environment can change significantly. For example, the preferences of customers may change so fast that previous expectations become outdated. So, it is important to monitor a model periodically. There are plenty of applications for business based on predictive analytics. To conclude this article, we will briefly consider some of them.