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Adapt deck 1 Mar2017

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Murtaza Haider

Email: [email protected]

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Welcome Who am I? Who are you? Why the book?

Why are You Here? Because you love data

You want to learn a new language Introducing Big Data

The Learning Path

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“This book may reduce the scarcity of data

scientists, but it will certainly increase their value. It teaches many things, but most

importantly it teaches how to tell a story with

data.”

—Thomas H. Davenport,

Distinguished Professor, Babson College; Research Fellow, MIT; author of Competing on Analytics and Big Data @ Work

Murtaza Haider

How this book is different?

1. It’s not trying to turn you into a statistician

2. It repeats the important lessons

3. It believes analytics are performed to tell fascinating stories

4. It teaches you three things:

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 Who you are?  What you know?

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• In a world awash with Big Data and Analytics, businesses and

institutions are increasingly competing on analytics. For this, they need professionals skilled in data/statistical analysis.

• McKinsey Global Institute estimates a shortage of hundreds of thousands of skilled data scientists.

• It’s time to say Hi to data science!

• The workshop provides hands-on training in skills necessary to be proficient in a data-centric world.

• Prerequisites: Curiosity, high-school math, prescribed book, a laptop computer, and willingness to learn R.

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Our address on the web

http://tinyurl.com/r-analytics What you need for today

Have R & R Studio installed on your device

Do good looking people get higher salaries/promotions?

Hamermesh, Daniel S. and Amy M. Parker (2005). Beauty in the

Classroom: Instructors' Pulchritude and Putative Pedagogical

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Size is the first, and at times, the only dimension that leaps out at

the mention of big data.

We offered a broader definition of big data that captures its other

unique and defining characteristics.

The rapid evolution and adoption of big data by industry has

leapfrogged the discourse to popular outlets, forcing the academic press to catch up.

A particular distinguishing feature of this paper is its focus on

analytics related to unstructured data, which constitute 95% of big data.

This paper highlights the need to develop appropriate and

efficient analytical methods to leverage massive volumes of heterogeneous data in unstructured text, audio, and video formats.

The heterogeneity, noise, and the massive size of structured big

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Three dimensions Volume

Variety Velocity

Gartner, Inc. defines big data in similar terms:

“Big data is high-volume, high-velocity and high-variety information

assets that demand cost-effective, innovative forms of information

processing for enhanced insight and decision making.”

TechAmerica Foundation defines big data as follows:

 “Big data is a term that describes large volumes of high velocity,

complex and variable data that require advanced techniques and

technologies to enable the capture, storage, distribution, management,

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o Our digital footprint has expanded rapidly over the past 10 years.

o The size of the digital universe was roughly 130 billion gigabytes in 1995.

o By 2020, this number will swell to 40 trillion gigabytes. o Companies will compete for hundreds of thousands, if not

millions, of new workers needed to navigate the digital world. o No wonder the prestigious Harvard Business Review called data

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o A report by the McKinsey Global Institute warns of huge talent shortages for data and analytics.

o By 2018, the United States alone could face a shortage of

o140,000 to 190,000 people with deep analytical skills

o1.5 million managers and analysts with the know-how to use the

analysis of big data to make effective decisions.

o SAP reported from a survey that 92% of the responding firms in its sample experienced a significant increase in their data

holdings.

oAt the same time, three-quarters identified the need for new data

science skills in their firms.

o Accenture believes that the demand for data scientists may outstrip supply by 250,000 in 2015 alone.

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1.Morning session 1. 10:00 –11:00

1. Welcome and Introductions

2. What is Big Data? (Chapters 1 and 2) 2. 11:00 –12:00

1. R: Let’s learn a new language 3. 12:00 –12:45

1. Lunch 2. Afternoon session

4. 12:45 –1:45

1. Introducing data

2. Data types and structures 5. 1:45 –2:45

1. Serving Tables (Chapter 4) 6. 2:45 –3:00

1. Break 7. 3:00 –4:00

1. Graphic Details (Chapter 5) 8. 4:00 –4:45

1. Regression Models: The mother of all analytics (Chapter 7)

9. 4:45 - 5:00

References

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