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Neural Network– Machine Learning part 3

This is the third article in a three-part series. You can read the first and second articles here. The focus of this article is to understand neural network around what it is, why it is an important learning algorithm, how it is applied, its extensions &...

Logistic regression – Machine Learning part 2

This article is the second part of a three-part series on machine learning. You can read Part 1 here. The purpose of this article is to understand the details of logistic regression. What it is and how it’s used etc. Let’s start with the definition. It is a...

The Dos and Don’ts to keep your data safe at your workplace

Data security is an extremely important aspect of any thriving organisation. Especially for digital and software enterprises. It’s a responsibility that falls on the shoulders of both the management as well as the individual units of an organisation – the employees....

Decentralized social networks: The choice is yours!

We live in an age, where we fear isolation. The one string which connects us with the rest of the world is social media. With people being constantly on the move, social networking websites provide the most accessible and affordable medium for news and entertainment....

Data Science: The Tech That Powers Iron Man!

It’s A Bird… It’s A Plane… It’s Iron Ma…..Oh, Wait!! That’s A Major Blunder!! Wasn’t it supposed to be Superman? Well, who cares?? Iron Man’s cooler! He combines the flight of a bird and the tech behind a plane and cruises effortlessly in the sky! He may not be quite...

Digital transformation in Banking: Past, Present and Future

Regardless of how much people earn, the jobs they have or whether they’re part of the workforce, banking is a necessary routine. It may not come to mind as one of the most technologically advanced industries, but has still undergone some significant advancements that...

Top 10 trends in payments 2018 (Infographic)

The universe of banking and payments is ever evolving. 2017 has seen a number of significant changes in the payments industry, thanks to advances in technology. Consumers now have access to a myriad of ways to pay. As a result, payment and shopping habits change....

Get chatty: Banks and their customers have a common friend

Chatbots are taking over the world. Banks have started investing in this intelligent chatty friend, to make their customer conversations easier and more efficient. Human – human to human- machine? .... Better? Safer? Faster? What are chatbots? Chatbots are programs...

Say goodbye to boring, automated tele-conversations

Panic! One can’t truly appreciate the sense of this word, until you realize you have misplaced your wallet that has your credit cards! So, you frantically call home or office just to check whether you have left your wallet over there. And you finally realize that you...

Banks risk losing $600 billion of millennial spending

The banking industry needs to reimagine what current day banking means to millennials, or risk losing out on a potential $600 billion of indirect spending that millennials can influence. By the year 2020, Asia will be home to 60 percent of the world’s millennials, who...

Rick Smolan on 'The Human Face of Big Data'

  Manu: Rick, can you tell us a bit about yourself?  I saw in your TED talk that you used to be a photojournalist, so how did you get started on this journey? Rick Smolan: Yes, I was always very curious as a person. So it is interesting that I'd end up in a job...

9 inspiring quotes from experts shaping the future of banking

Who doesn’t like a good quote? We come across interesting and useful quotes all of the time in literature, news media, entertainment, and so on. A potent, succinct quote that underlines a key point or supports an important truth can be like gold. Often the value of a...

The difference between UI and UX

I have been a web developer for over 6 years, and during my work life, I have worked both on front end and back end web development. In the past 6 years, I have seen innumerable people interchange UI(User Interface) and UX(User Experience), some even mid-sentence,...

Can Fintechs take banks to the edge of innovation?
Can Fintechs take banks to the edge of innovation?

This post was written by a guest author Banks. When was the last time you associated the words “innovation”, “forward thinking”, “futuristic” etc. with them? I would say “never!” Banks are generally thought as being traditional and conservative. But the future isn’t...

Why banks should hop on board the big data bus

Co-authored by Manu Jeevan. More than 70% of banking executives worldwide say that customer centricity is important to them Surprisingly, research by Capgemini indicates that only 37% of customers believe that banks understand their needs and preferences adequately....

How content marketing can empower sales teams

Although content has been an important and growing part of any marketing strategy for years, it is often overlooked, especially when it comes to sales. Sales and marketing alignment is key for a company’s growth, yet it remains to be one of the most common challenges....

10 data science and big data experts to follow on Twitter

Twitter is a great source of information, and lets you quickly scan your feed and engage with content that intrigues you. Even though this eliminates a lot of unnecessary noise, you need to follow the right people, if you are on a constant lookout for great...

Personalization: Just do it. But don't overdo it

We, as customers have always wanted personalized services, whether we are buying something from a store or checking into a hotel for a stay. Services that satisfy our unique taste would make our life easier and save a lot of time. Apparently, companies have begun to...

Our data platform with Docker

This article has been co-authored by Rafi Syed and Sree Pratheep. As a continuation of our earlier article on Docker, here is a brief about how we started our journey in Docker. Our goal was to have a completely self-sufficient development cum integration environment...

Unbundling design for innovation in Big Data

“At Crayon, the visual design always took precedence over the systems design. This is because the experience-centric systems place a premium on user experience over the backend systems efficiency. During the early decades of my professional career, I have been trained...

Ten handy Python libraries for (aspiring) data scientists

Data science has gathered a lot of steam in the past few years, and most companies now acknowledge the integral role data plays in driving business decisions. Python, along with R, is one of the most handy tools in a data scientist’s arsenal. It’s also one of the...

Building an "Information-Centric" enterprise

As consumers, each of us is fully cognizant of and deeply entwined with the "Information" economy. Whether we use Google to search, shop on Amazon, connect with friends on Facebook or hail a cab using Uber, we hardly give a moment’s thought to the "building blocks"...

Data is the new oil of the Digital Economy

Everyone from geeks to CEOs is on the data bandwagon. Today, for a CEO to say, “I’m not investing in data and analytics” is the same as him saying “I’m not interested in our customers”. The real question is not whether you invest in data or not. What matters is what I...

Tools in the data armoury: R vs Spark

The purpose of this article is twofold. The first is to give a quick comparison between R and Spark, in terms of performance. The second is to introduce you to Spark's ML library. Background As R is inherently single threaded, it may not be wise to compare Spark and R...

How banks can power their loyalty programs

I read an article on The Huffington Post the other day, about how Canadians are unhappy with their banks’ loyalty programs. It got me thinking about what Crayon is offering to the world, and just how much the world needs it. There are a lot of loyalty programs out...

Relational vs Non-Relational data bases – Part 3

In the first and second part of this blog series, we saw some basic differences between scalability of Relational and Non-Relational Databases. In this post, I will show you how to use these databases correctly, and also tell you about some well known companies that...

Hong Kong has 'RISE'n

The Web Summit, billed as one of the “best tech conferences on the planet” by Forbes, has long been considered the gold standard in technology events. In July 2015, TWS decided to host its inaugural Asia-focused tech conference RISE in Hong Kong. And I got to go for...

New-age cab services, Venture financing and more

I took an Uber taxi ride last week to Indiranagar (Bangalore). My car was at the garage for repairs and I had a digital wallet balance to consume. The cab was a brand new Maruti Swift Dzire, and I was concerned that the man behind the wheel was just as new to driving!...