Blockchain technology has created waves in the world of IT and fintech. The technology has a number of uses and can be implemented into various fields. The introduction of Artificial Intelligence Training (AI) makes blockchain even more interesting, opening many more opportunities. Blockchain offers solutions for the exchange of value integrated data without the need for any intermediaries. AI, on the other hand, functions on algorithms to create data without any human involvement.
Integrating AI into blockchain may help a number of businesses and stakeholders. Read on to know more about probable situations where AI integrated blockchain can be useful.
Creating More Responsive Business Data Models
Data systems are currently not open, and sharing is a great issue without compromising privacy and security. Fraudulent data is also another issue which makes it difficult for people to share data. Ai based analytics and data mining models can be used for getting data from a number of key players. The use of the data, in turn, would be defined in the blockchain records, or ledger. This will help data owners maintain the credibility, as the whole record of the data will be recorded.
AI systems can then explore the different data sets and study the patterns and behaviors of the different stakeholders. This will help to bring out insights which may have been missed till now. This will help systems respond better to what the stakeholder wants, and guess what is best for a potentially difficult scenario.
Creating useful models to serve consumers
AI can effectively mine through a huge dataset and create newer scenarios and discover patterns based on data behavior. Blockchain helps to effectively remove bugs and fraudulent data sets. New classifiers and patterns created by AI can be verified on a decentralized blockchain infrastructure, and verify their authenticity. This can be used in any consumer-facing business, such as retail transactions. Data acquired from the customers through blockchain infrastructure can be used to create marketing automation through AI.
Engagement channels such as social media and specific ad campaigns can also be used to get important data-led information and fed into intelligent business systems. This will eventually help the business cycle, and eventually improve product sales. Consumers will get access to their desired products easily. This will eventually help the business in positive publicity and improve returns on investments (ROI).
Digital Intellectual Property Rights
AI enabled data has recently become extremely popular. The versatility of the different data models is a great case study. However, due to infringement of copyrights and privacy, these data sets are not easily accessible. Data models can be used to show different architectures that cannot be identified by the original creators.
This can be solved through the integration of blockchain into the data sets. It will help creators share the data without losing the exclusive rights and patents to the data. Cryptographic digital signatures can be integrated into a global registry to maintain the data. Analysis of the data can be used to understand important trends and behaviors and get powerful insights which can be monetized into different streams. All of this can happen without compromising the original data or the integrity of the creators of the data.
Day: June 5, 2019
Top Python Libraries For Data Science
Top 10 Python Libraries For Data Science
With the advent of digitization, the business space has been critically revolutionized and with the introduction of data analytics, it has become easier to tap prospects and convert them by understanding their psychology by the insights derived from the same. In today’s scenario, Python language has proven to be the big boon for developers in order to create websites, applications as well as computer games. Also, with its 137000 libraries, it has helped greatly in the world of data analysis where the business platforms ardently require relevant information derived from big data that can prove conducive for critical decision making.
Let us discuss some important names of Python Libraries that can greatly benefit the data analytics space.
Theono
Theono is similar to Tensorflow that helps data scientists in performing multi-dimensional arrays relevant to computing operations. With Theono you can optimize, express and array enabled mathematical operations. It is popular amongst data scientists because of its C code generator that helps in faster evaluation.
NumPy
NumPy is undoubtedly one of the first choices amongst data scientists who are well informed about the technologies and work with data-oriented stuff. It comes with a registered BSD license and it is useful for performing scientific computations. It can also be used as a multi-dimensional container that can treat generic data. If you are at a nascent stage of data science, then it is key for you to have a good comprehension of NumPy in order to process real-world data sets. NumPy is the foundational scientific-computational library in Data Science. Its precompiled numerical and mathematical routines combined with its ability to optimize data-structures make it ideal for computations with complex matrices and data arrays.
Keras
One of the most powerful libraries on the list that allows high-level neural networks APIs for integration is Keras. It was primarily created to help with the growing challenges in complex research, thus helping to compute faster. Keras is one of the best options if you use deep learning libraries in your work. It creates a user-friendly environment to reduce efforts in cognitive load with facile API’s giving the results we want. Keras written in Python is used with building interfaces for Neural Networks. The Keras API is for humans and emphasizes user experience. It is supported at the backend by CNTK, TensorFlow or Theano. It is useful for advanced and research apps because it can use individual stand-alone components like optimizers, neural layers, initialization sequences, cost functions, regularization and activation sequences for newer expressions and combinations.
SciPy
A number of people get confused between SciPy stack and library. SciPy is widely preferred by data scientists, researchers, and developers as it provides statistics, integration, optimization and linear algebra packages for computation. SciPy is a linked library which aids NumPy and makes it applicable to functions like Fourier series and transformation, regression and minimization. SciPy follows the installation of NumPy.
NLKT
NLKT is basically national language tool kit. And as its name suggests, it is very useful for accomplishing national language tasks. With its help, you can perform operations like text tagging, stemming, classifications, regression, tokenization, corpus tree creation, name entities recognition, semantic reasoning, and various other complex AI tasks.
Tensorflow
Tensorflow is an open source library designed by Google that helps in computing data low graphs with empowered machine learning algorithms. It was created to cater to the high demand for training neural networks work. It is known for its high performance and flexible architecture deployment for all GPUs, CPUs, and TPUs. Tensor has a flexible architecture written in C and has features for binding while being deployed on GPUs, CPUs used for deep learning in neural networks. Being a second generation language its enhanced speed, performance and flexibility are excellent.
Bokeh
Bokeh is a visualization library for designing that helps in designing interactive plots. It is developed on Matplotib and supports interactive designs in the web browser.
Plotly
Plotly is one of the most popular and talked about web-based frameworks for data scientists. If you want to employ Plotly in your web-based model is to be employed properly with setting up API keys.
SciKit-Learn
SciKit learn is typically used for simple data related and mining work. Licensed under BSD, it is an open source. It is mostly used for classification, regression and clustering manage spam, image recognition, and a lot more. The Scikit-learn module in Python integrates ML algorithms for both unsupervised and supervised medium-scale problems. Its API consistency, performance, documentation, and emphasis are on bringing ML to non-specialists in a ready simple high-level language. It is easy to adapt in production, commercial and academic enterprises because of its interface to the ML algorithms library.
Pandas:
The open-source library of Pandas has the ability to reshape structures in data and label tabular and series data for alignment automatically. It can find and fix missing data, work and save multiple formats of data, and provides labelling of heterogeneous data indexing. It is compatible with NumPy and can be used in various streams like statistics, engineering, social sciences, and finance.
Theano:
Theano is used to define arrays in Data Science which allows optimization, definition, and evaluation of mathematical expressions and differentiation of symbols using GPUs. It is initially difficult to learn and differs from Python libraries running on Fortran and C. Theano can also run on GPUs thereby increasing speed and performance using parallel processing.
PyBrain
PyBrain is one of the best in class ML libraries and it stands for Python Based Reinforcement Learning, Artificial Intelligence. If you are an entry-level data scientist, it will provide you with flexible modules and algorithms for advanced research. PyBrain is stacked with neural network algorithms that can deal with large dimensionality and continuous states. Its flexible algorithms are popular in research and since the algorithms are in the kernel they can be adapted using deep learning neural networks to any real-life tasks using reinforcement learning.
Shogun:
Shogun like the other Python libraries has the best features of semi-supervised, multi-task and large-scale learning, visualization and test frameworks; multi-class classification, one-time classification, regression, pre-processing, structured output learning, and built-in model selection strategies. It can be deployed on most OSs, is written in C and uses multiple kernel learning, testing and even supports binding to other ML libraries.
Comprehensively, if you are a budding data analyst or an established data scientist, you can use the above-mentioned tools as per your requirement depending on the kind of work you’re doing. This is why it is very important to understand the various libraries available that can make your work much easier for you to accomplish your task much effectively and faster. Python has been traversing the data universe for a long time with its ever-evolving tools and it is key to know them if you want to make a mark in the data analytics field. For more details, in brief, you can also search for – Imarticus Learning and can drop your query by filling up a simple form from the site or can contact us through the Live Chat Support system or can even visit one of our training centers based in – Mumbai, Thane, Pune, Chennai, Bangalore, Hyderabad, Delhi and Gurgaon.
Big Data Analytics With Hadoop
Hadoop has been around forever; right from the early days of data analytics and the big data analytics, Hadoop has been an integral part and well-known name in the IT and data analytics industry. Formally known as Apache Hadoop, it is an open source software developed partly in partnership with Apache Software Foundation.
Today, the software is known across the globe and is used in managing data processing as well as storage for big data applications which run on clustered systems. Hadoop being a well-known name in the data analytics industry is at the center of a dynamic market whose need for big data analytics is constantly increasing. The main factor that contributes to the wide use of Hadoop in data analytics is its ability to handle and manage various applications like predictive analytics, data mining as well as machine learning.
A feature that distinguishes Hadoop from all other tools available in the market is its ability to handle both structured and unstructured data types, thus giving users increased flexibility for collecting, processing and analyzing big data, which conventional systems like data warehouses and relational databases can’t provide.
Hadoop and Data Analytics
As mentioned in the introductory paragraphs, Hadoop is essentially an analytics software for big data and can run on massive clusters of servers, thus providing the user with the ability to support thousands of nodes and humongous amounts of data. Since its inception in the mid-2000s, Hadoop has become an integral part of all data analytics operations mainly because of its significant features like managing nodes in a cluster, fault tolerance capabilities and many more.
Hadoop due to its wide range of capabilities is a very good fit for any big data analytics application. Due to its capacity to handle any form of data, be it structured or unstructured, Hadoop can handle it all. One of the most notable applications of Hadoop includes its use in customer analytics. With Hadoop, users can predict anything, be it customer churn, analyze click-stream data or analyze and predict the results of an online ad.
Top Big Data Analytics Tools
Although Hadoop is at the center of big data analytics, there are many notable tools in the market that are definitely worth checking out. Some of the most significant ones are as mentioned below.
- R Programming
After Hadoop, R is the leading data analytics tool in the market today. Available in Windows, Mac as well as Linux, R is most commonly used in statistics and data modelling.
- Tableau Public
Tableau Public is an open source, free data analytics tools that have the capability to seamlessly connect data warehouses, Excel or any other source and display all the data on a web-based dashboard with real-time updates.
- SAS
SAS is the global leader in data analytics for many years and is widely known for its easy accessibility and manipulation capabilities.
Conclusion
Hadoop and Big Data Analytics are terms that are synonymous with each other. With Hadoop and the right source, a user can analyze any type of data imaginable.