Category: FORMCEPT

All the blogs published by FORMCEPT

Locality-sensitive Hashing: Part 2 (Moving from Spark to Onyx)

Locality-sensitive Hashing: Part 2 (Moving from Spark to Onyx)

In our previous post, we explained briefly about the pitfalls associated with data duplication and how we can use Record Linkage to detect duplicates in databases. In fact, in an earlier post (March, 2017), we had also discussed the concept of Record Linkage and data-deduplication on Spark. There have been some recent exciting developments at …

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De-duplication Can Empower Your Business to Achieve Data-Driven RoI: Here’s How

De-duplication Can Empower Your Business to Achieve Data-Driven RoI: Here’s How

Data Duplication and Redundancy – The Challenges Over the last couple of decades, there has been a phenomenal shift from paper-based records to virtual data rooms in India. This has streamlined and transformed the way businesses collect, gather, store and retrieve customer data. However, as the primary focus remained on the uphill task of converting …

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Twitter Speaks on #GST- An Exclusive Analysis by FORMCEPT

Twitter Speaks on #GST- An Exclusive Analysis by FORMCEPT

The Goods & Services Tax (GST), a single, multi-stage comprehensive tax, came into effect recently on 1st July, 2017. Ever since the concept of GST was introduced, it has created a lot of buzz. There has been hue and cry from some corners, while many others have applauded it. Social media has been exploding with …

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Customer Clumpiness: Here’s How FORMCEPT Can Help Your Business Stay Ahead of the Game with New Age Customer Analytics

Customer Clumpiness: Here’s How FORMCEPT Can Help Your Business Stay Ahead of the Game with New Age Customer Analytics

Customer Churn: Is There a Method to the Madness? When it comes to customer loyalty, churn and recurrence, traditional businesses usually have a basic cause-and-effect approach. This is derived from established consumer behaviour principles. Hence, they have a relatively predictable model for estimating customer lifetime value (CLV). However, the story is different for new age …

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Opinion Matters – Why Modern Businesses Need Powerful Analytics To Track Customer Opinions

Opinion Matters – Why Modern Businesses Need Powerful Analytics To Track Customer Opinions

Introduction: Is Customer Feedback Enough? The importance of feedback analysis in the success of a product or a service cannot be ignored. For most new-age businesses, feedback is a continuous process critical to keeping the offerings relevant to the customers. Until recently, the typical customer feedback mechanism on products and services was a single-click rating …

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Storage and Retrieval of Word Embeddings

Storage and Retrieval of Word Embeddings

Background As per Wikipedia, Word embedding is the collective name for a set of language modelling (click to know more) and feature learning techniques in natural language processing (NLP) (click to know more) where words or phrases from the vocabulary are mapped to vectors of real numbers. These days, it is one of the most popular choice …

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Analytics – the Game Changer in the Evolving Life Insurance Sector of India

Analytics – the Game Changer in the Evolving Life Insurance Sector of India

In our previous article, Transforming Indian Insurance Sector with Data Analytics Edge, we explored how the Indian insurance sector can transform its customer acquisition, customer retention and share of customer’s wallet by adopting advanced, actionable analytics. In this article, we will zero-in on one of the most competitive segments of the insurance sector – the …

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Is the Future of Indian Banking Dependent on Actionable Analytics?

Is the Future of Indian Banking Dependent on Actionable Analytics?

Introduction Growth Challenges to Indian Banking Sector With the current 26 public sector banks, 25 private sector banks, 43 foreign banks, 56 regional rural banks, 1,589 urban cooperative banks and 93,550 rural cooperative banks,1, India is poised to become world’s third largest domestic banking sector in the world by 20502. However, in the face of …

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Transforming Indian Insurance Sector with Data Analytics Edge

Transforming Indian Insurance Sector with Data Analytics Edge

Insurance Industry – A Late Adopter to Analytics With India’s insurable population projected to reach 750 mn1 in 2020, the insurance penetration still hovers below the world average (3.9% against global average of 6.3% in 20132). However, the woes of the industry are far more than just that. Lurking behind steep growth are burgeoning customer …

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