SigmaWay Blog

To all voracious readers, here is an ideal list of books to have in bookshelf of every data scientist and analyst. These books cover a wide range of topics and perspective, which would help to become a well-rounded data scientist and analyst. Here are a few:

• R Cookbook by Paul Teetor

• Python for Data Analysis by Wes McKinney 

• Web Analytics: An Hour a Day by Avinash Kaushik 

• Web Analytics 2.0 by Avinash Kaushik 

• How to Measure Social Media: A Step-By-Step Guide to Developing and Assessing Social Media ROI by Nichole Kelly

• The Visual Display of Quantitative Information by Edward R. Tufte

• Visualize This: The Flowing Data Guide to Design, Visualization, and Statistics by Nathan Yau

• The Wall Street Journal Guide to Information Graphics: The Dos & Don’ts of Presenting Data, Facts, & Figures by Dona M. Wong

• Now You See It: Simple Visualization Techniques for Quantitative Analysis by Stephen Few

Read more at https://www.analyticsvidhya.com/blog/2015/06/infographic-read-books-analytics-data-science/

A recent study has revealed that there is a growing gap between the amount of data that firms are gathering and their staff's ability to analyze it. A major difficulty that the companies are facing is that as the value of data analytics is being recognized the competition for capable analysts is also increasing. Employees are more attracted to companies with a pre-established analytics framework than to newly established ones. To mitigate this problem several companies are outsourcing their analytics work. But having data analysts internally is beneficial as it allows for easier transformation of analytical insights into business actions. Companies should partner with higher education institutes to initiate analytics courses to meet their needs. Firms should also recruit multi-talented analysts and also offer training to existing staff. Read more at: http://channels.theinnovationenterprise.com/articles/the-analytics-skills-gap

Digital enterprise, associated with the design, development and delivery of innovative products and services through online channels, is the result of a long, multi-year journey that includes cloud computing as a vital component. Saugatuck Technology analyst Mike West in a recent post says Business and IT leaders still have plenty of work ahead of them — even if they are well along in their cloud implementations. With its inherent ability scale, as well as providing immediate, on-demand access to the latest solutions and approaches, cloud provides ready-to-deploy environments for creating and delivering the innovative business strategies and products that are part of digital enterprise.  A separate Saugatuck survey of 203 enterprises finds at least 60 percent are now creating and delivering new digital products and services to customers and nearly 70 percent are enhancing or updating traditional products and services as a digital experience. Most organizations are still in the early stages of their digitization efforts, but Saugatuck expects digital enterprises to accelerate over the next three to five years. The ability to effectively deploy cloud will shape the speed at which enterprises go digital. Digital business success depends on “the availability and utility of increasingly powerful and flexible cloud-enabled, and cloud-delivered, technology and business services,” Guptill analyst at Saugatuck states. To know more go to: http://www.forbes.com/sites/joemckendrick/2014/06/29/are-digital-business-and-cloud-computing-joined-at-the-hip/