In the age of convergence, customer churn is a concern for service providers, challenging most retention techniques...
Language was invented by humans and not by computers. The complexity of any language with reference to a context is unfathomable. Here are some sample statements – “The bandage was wound around the wound”, “The farm was used to produce produce”, “We must polish the Polish furniture”, “The insurance was invalid for the invalid”, “Since there is no time like the present , he thought it was time to present the present”……..
With all the media attention advanced analytics has been getting as the mantra of success for businesses in the future one thing is now for sure that awareness has increased in leaps and bounds over the past 18 months. Managers within the enterprise are talking about big data and advanced analytics with a degree of knowledge that was lacking 5 quarters ago.
The Department of Immigration and Border Protection at Australia has done some amazing work in reducing immigration fraud by using advanced analytics indifferent areas. They reduced fraud by building a risk score card that associated a risk based score to every visa applicant. The idea is to prevent fraud by denying a visa to the wrong person. As per what they state their initial pilot was so successful that they have now extend the system to all applications and with about 50 million people travelling to Australia every year that is definitely a big number.
A lot has been written and spoken about Nano technology over the past many years. Billions of dollars have been spent on research leading to commercialization and application of this technology to products of everyday use. In its true essence Nano technology is nothing more than altering of the property of materials by making changes at the smallest level (within a molecule or an atom).