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Harnham blog & news

With over 10 years experience working solely in the Data & Analytics sector our consultants are able to offer detailed insights into the industry.

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Weekly News Digest: 15th - 19th Feb 2021

This is Harnham’s weekly news digest, the place to come for a quick breakdown of the week’s top news stories from the world of Data & Analytics.  KDnuggets: 10 resources for data science self-study If you are interested in getting into data science, there are two basic pathways that you can opt for. There’s the traditional college degree route or the self-study option, the latter of which is growing in popularity among aspiring data scientists. This informative article from KDnuggets provides some insightful tips for data science self-study, grouped into three main categories: Resources for building fundamental knowledge; resources for data science practice; and resources for networking and continuous studies. Resources for building fundamental knowledge:Massive Open Online Courses (MOOCs)Learning from a TextbookYouTubeKhan AcademyResources for Data Science practice:KaggleInternshipsResources for networking and continuous studies:MediumLinkedInKDnuggetsGitHub Find out more here. Analytics India Magazine: How machine learning streamlines risk management Abhaya K Srivastava, SVP at Northern Trust Corporation, recently spoke at the Machine Learning Developers Summit 2021. Srivastava delved into how different sectors including financial, healthcare and retail are making use of emerging technologies like AI and Machine Learning. One of the main takeaways from the speaker session was discussions around how Machine Learning can support how organisations streamline their Risk Management. Srivastava stated, “It is essential for us to establish the rigorous governance processes and policies that can quickly identify when the model begins to fail.” He continued, “The terms of AI are not new, but businesses and organisations have started using these technologies in a different way. We have noticed the influence of machine learning in business applications, ML is playing an important role in Risk Management and there has been a constant focus on how risks are being detected, reported, managed.” There are a range of different machine learning techniques that can be applied to support risk management. It is the role of organisations, and their partners to discover how these processes can be applied. Read more on this here. Information Week: 3 Ways to Empower Female Software Engineers on Your Team We think this is a great article from Information Week that acknowledges the importance of establishing greater diversity and inclusion within software engineering, in particular to empower women in the industry. The article focuses on three areas: Create an inclusive team:Building an inclusive team is a strategic process and should include making sure everyone has a voice and that the workplace is a safe place to take risks.Provide a support system:Support establishes trust and shows a commitment to the well-being of your people. When leaders support their employees, it can significantly affect job satisfaction and performance.Enable women to inspire othersThe first thing to do is make sure the women in your organisation have a seat at the table; they should have a say in the decision-making process. Even if you have a good understanding of these, it’s important to keep educating yourself and the wider team in order to implements processes and strategies that make for a truly inclusive team. Read more on this here.  TechRepublic: 8 must-read leadership books recommended by tech titans and innovators Are you looking for your next read to help you elevate your visibility and skill as a leader in the tech industry? Look no further, as TechRepublic have put together a list of leadership books recommended by notable leaders from within the industry. Here are a few: The Ride of a Lifetime (Robert Iger) - Recommended by Bill GatesDrop the Ball (Tiffany Dufu) - Recommended by Sheryl SandbergMindset (Dr Carol S. Dweck) - Recommended by Satya NadellsTrailblazer (Marc Benioff) - Recommended by Susan Wojcicki It’s valuable to have insight from leaders that are already leading the way for tech innovation in their field, inspiring and supporting future leaders to achieve great things too. Click here to read the full list of recommended leadership books from Bill Gates, Satya Nadella, Sheryl Sandberg, Tim Cook, and other notable industry leaders. We've loved seeing all the news from Data & Analytics in the past week, it’s a market full of exciting and dynamic opportunities. To learn more about our work in this space, get in touch with us at info@harnham.com.

Weekly News Digest: 8th - 12th Feb 2021

This is Harnham’s weekly news digest, the place to come for a quick breakdown of the week’s top news stories from the world of data and analytics.  The FinTech Times: Google Cloud Partners with Twitter to Improve Data Insights and Analytics At the end of this week, we learned that Google Cloud has announced a new partnership with Twitter. From now on, Twitter plans to move its offline analytics, data processing and machine learning workloads onto Google’s Data Cloud.  For Twitter to be able to process and create correct algorithms based on users’ likes, retweets and comments, a huge amount of data needs to be stored; we’re talking hundreds of petabytes of data and trillions of events.  By partnering with Google, Twitter’s machine learning processes and data-informed decisions will not only be much faster and more efficient, it will also allow the company to create much deeper machine learning innovation. Read the full article here.  Think with Google: Top five Lunar New Year observations from the past five years As we geared up for this year’s Lunar New Year, Think with Google used Google Trends Data to explore what piqued our interest before the big celebration last year. The top five findings were: Singaporeans love Lunar New Year – Singapore’s searches around the Lunar New Year are the highest in the world!Promotions, not sales, please – In Singapore, interest in Chinese New Year retail promotions isn’t just restricted to the festive period — it happens all year long.Tasty trends – Yusheng is the top food of choice at the time of the Lunar New Year in Singapore. Feng Shui is important in Vietnam at this time, they’re more likely to be banking on higher powers for the Lunar New Year. It starts a lot earlier than we might think – searches of Lunar New Year begin at least 8-10 weeks before the big event! Read the full article here.  Analytics Insight: Artificial intelligence redefining and innovating the textile industry  AI is becoming a key part of most industries, and the textiles sector is no different. Automation and AI is being used not only for product creation and transformation, but across manufacturing processes and customer service, too.  Statista has reported that the textiles industry is set to grow from a value of $1.5 trillion currently to $2.25 trillion in 2025. This rapid increase in demand for textiles will undoubtedly mean the need for increased labour within the industry but, to ensure companies remain profitable, automation and robotics are most likely going to be put in place to reduce workforce costs.  In this insightful article from Analytics Insight, we learn exactly how the adoption of AI in the industry is helping strengthen and innovate service offerings. From pattern inspection to pattern making, merchandising and smart apparel, this technology is redefining the industry for good.  Read the full article here. Techiexpert: Software engineering trends to look for in 2021 As the capabilities of technology reach further than ever before and businesses invest heavily in software engineering to rapidly accelerate productivity, there’s no doubt that the sector has a lot to look forward to this year. Techiexpert explores eight key trends we should expect to see from software engineering in 2021.  From more businesses embracing the abilities of cloud computing to the domination of Python, the full throttle of the Internet of Things and the further growth of blockchain, the landscape is set to continue evolving and continue adding huge value to all businesses.  Read the full list of trends for the industry here.  We've loved seeing all the news from Data and Analytics in the past week, it’s a market full of exciting and dynamic opportunities. To learn more about our work in this space, get in touch with us at info@harnham.com.

Weekly News Digest - 1st-5th Feb 2021

This is Harnham’s weekly news digest, the place to come for a quick breakdown of the week’s top news stories from the world of data and analytics.  TechRepublic: Analysts predict Bezos' move to the board won't slow the pace of cloud innovation at Amazon On Tuesday, we learnt that Amazon CEO, Jeff Bezos, is stepping down from his position to take on the role of Executive Chairman on the board. Taking his place in the top spot will be Andy Jassy, who is currently the head of Amazon Web Services. This migration of leadership brings about anticipated antitrust issues, according to Analysts. However, this change in leadership isn’t thought to mark the start of a decline in innovation and growth of their cloud platforms as Bezos will be on hand to guide Amazon’s overall strategy. Jassy’s experience in the cloud arm of the business shouldn’t go unnoticed too. Interestingly, Glenn O'Donnell, Vice President and Research Director at Forrester, said Jassy's time at AWS proved he has the executive chops to take the reins of the bigger Amazon machine. This is definitely something to keep an eye on! Read the full article here. Forbes: The Race To Outsmart The Competition: Adobe Unveils New AI Tools For Retailers More people are shopping online than ever before, and consumers are demanding much more from their online experiences. As a direct result of the pandemic, the e-commerce sector has skyrocketed and Adobe Analytics data showed that on Christmas Day 2020, the mobile share of revenue exceeded desktop for the first time, at 52 per cent. With such high demand and interest from customers, the tech giant has announced new tools designed to use artificial intelligence and data to alert retailers when something goes wrong in the digital experience, and to offer personalised experiences and promotions to the right customers. Personalisation is becoming increasingly important to consumers as they shop across different channels. Adobe bringing new and emerging technology to the retail industry positions them well for continued growth. Read more on this here. KDnuggets: Build Your First Data Science Application We think this is a great article from KDnuggets that provides a clear and concise overview as to how you can make your first data science application a success. There are seven Python libraries that you should learn to make your first application: PandasNumpySciKitLearnKeras or PyTorchRequestsPlotlyIpywidgetsJupyter Notebook and Voila Even if you have a good understanding of these, it’s important to keep your skills and knowledge up to date, to ensure that you stay valuable in an increasingly competitive market. Keep learning, and you will be sure to stand out. Read more on this here.  Campaign: The winning formula for analytics in 2021 Do you know the winning formula for analytics in 2021? Well, look no further, as Campaign spoke to Alexander Igelsböck, CEO & co-Founder of Adverity and Forbes Technology Council member, on how augmented analytics has changed the media and entertainment industry. Igelsböck defines how media businesses that have successfully adapted to future-proof themselves through data analytics and innovation are embracing three key marketing analytics trends including: The new focus for data-driven marketingMaximum results with minimal resourcesTransforming challenges into opportunities Businesses across a range of industry verticals will need to improve performance and decision-making to make it faster and easier. Making use of complex datasets and simplifying them into actionable insights and tasks is the key to success in the year ahead. Click here to read more on the challenges and opportunities for analytics in 2021. We've loved seeing all the news from Data & Analytics in the past week, it’s a market full of exciting and dynamic opportunities. To learn more about our work in this space, get in touch with us at info@harnham.com.

Weekly News Digest - 25th-29th Jan 2021

This is Harnham’s weekly news digest, the place to come for a quick breakdown of the week’s top news stories from the world of Data & Analytics. Entrepreneur – How to Identity Proof in an Increasingly Virtualised World The past year has shifted our life online at a rapid pace. This migration has meant that not only do our technologies need to be more effective and efficient than ever before, but our identity proofing needs to be more sophisticated and secure too.  Even before the pandemic, identity proofing has never been an easy task. Customers expect security but without any hassle. Being bombarded by multiple authentication factors, for example, is not ideal and will quickly turn a customer off from using your service.  In this article by Entrepreneur, four key factors are explored in detail which aim to assist companies in creating a secure but accessible identity proofing system. This includes evaluating the potential for fraud, learning from Government trends, focusing on being proactive and the need for constant innovation.  Read the full article here.  KD Nuggets - The top 5 reasons why machine learning projects fail There is a clear increase in the number of machine learning projects being developed and perfected globally. Yet, at the same time, an equal number of projects are failing to take off the ground.  This article from KD Nuggets highlights the five main reasons why start-ups implementing machine learning projects are failing, as well as offering solutions. The article hopes new businesses will take these points on board and plan their future projects better, hopefully avoiding too many, potentially lethal, pitfalls.  The most common mistakes made are:• Insufficient data or not enough access to ‘clean’ data. Machine Learning Models not being synchronized with legacy systems.A lack of qualified Data ScientistsDifficulty with innovation and updatingLack of leaders’ support Read the full article here.  The FinTech Times: 10 FinTech Predictions for 2021 In this article from The FinTech Times, we hear from 10 key experts in the field who give insight into what they think 2021 will hold in store for FinTech. Following a year like no other, the overall consensus is that this year will be unlike any other for the industry.  For example: Commercial banking will continue to digitise and experience a subscription revolution to change the way companies of all sizes approach their banking relationships - Matt Cox, EY Americas Corporate, Commercial and SME Banking Consulting Leader. Online payments still have significant room to grow - Sudeepto Mukherjee, Managing Partner, Financial Services at Publicis Sapient. More people will trust in Bitcoin - Eleesa Dadiani, Founder and CEO of the Dadiani Syndicate, a firm that brokers the sale of cryptocurrencies and commodities to high net-worth individuals. Read the full article here.  Silicon Republic – Branching out into tech? Here are 30 top skills to consider.  As a direct result of the pandemic, the tech sector has boomed. This in turn has created a wealth of roles. This article from Silicon Republic suggests 30 key skills for anyone looking to enter the world of tech as their next career move. Roles covered include Digital Marketing, Social Media and Development.  Top three required skills for Social Media Executives: FacebookInstagramTwitter Top three required skills for Digital Marketers: AnalyticsSEOGoogle Analytics Top three required skills for Developers: AgileJavaJavaScript Read the full article here.  We've loved seeing all the news from Data & Analytics in the past week, it’s a market full of exciting and dynamic opportunities. To learn more about our work in this space, get in touch with us at info@harnham.com.

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