Author:  Yuri Tricys  |  :  Mar 19, 2016  |  :   computer-science, data-firm, data-science, public-sector, research

The data revolution is impacting government in a number of ways. The foremost is known as ‘smart government’, which is a reference to the way governments manage the data they have and the way they make that management and the services that go with it ...

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Author:  Yuri Tricys  |  :  Mar 15, 2016  |  :   business, computer-science, data-firm, data-science, learning-center, research

Enhanced financial regulation typically comes with intended and unintended consequences. Directive 2004/39/EC, the Market for Financial Instruments Directive (MiFID), for example, successfully increased competition among financial instrument trading organizations in ...

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Author:  Yuri Tricys  |  :  Mar 8, 2016  |  :   business, computer-science, data-firm, data-science, law, learning-center

Information technologies and the data they create are changing the world rapidly in a multitude of ways. The legal profession, one of the most traditional and adverse to change, is beginning to adapt. A new breed of data savvy lawyers are entering legal circles ...

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Author:  Yuri Tricys  |  :  Feb 23, 2016  |  :   business, computer-science, data-firm, data-science, statistics, trade

National and international level statistics that report macroeconomic indicators, like nominal and real inflation, international transaction flows, and trade statistics, are relied on by market participants, policy makers and stakeholders as inputs to critical ...

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Author:  Yuri Tricys  |  :  Feb 12, 2016  |  :   business, computer-science, data-firm, data-science, law, research

Big data means billions if not trillions of observations recorded daily. Sophisticated data infrastructures and advanced algorithms reveal new insights into our fast changing world, but only for those massive organizations with the transaction frequency and the know how ...

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Author:  Yuri Tricys  |  :  Jan 30, 2016  |  :   business, computer-science, data-firm, data-science, economics, learning-center, politics

What is economic policy? If economics can be described as the study of the allocation of scarce resources among agents, economic policy can be described as the public rules and regulations that guide that allocation. Wherever a society is governed with laws, there will ...

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Author:  Yuri Tricys  |  :  Jan 25, 2016  |  :   business, computer-science, data-firm, data-science, learning-center, math

What is maths programming? Mathematical programming, or computational programming, is the process of translating mathematically representable problems into computer languages then harnessing the power of computers to solve them. Along with the Internet, and task ...

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Author:  Yuri Tricys  |  :  Jan 23, 2016  |  :   business, computer-science, data-firm, data-science, learning-center

What is decision analysis? Decision analysis is a subcategory of decision science. Ultimately, all data science could be classified as decision science, because the entire point of data analytics and informatics is to enable better decision making processes to yield ...

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Author:  Yuri Tricys  |  :  Jan 21, 2016  |  :   business, calculus, computer-science, data-firm, data-science, learning-center

What is optimization Optimization is about making choices that lead to first best outcomes. Mathematically, optimization is usually described with differential calculus, though when functions are linear, and problems are adequately fit substitution can lead to optimal ...

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Author:  Yuri Tricys  |  :  Jan 19, 2016  |  :   computer-science, data-firm, data-science, economics, learning-center, macroeconomics, trade

What is macroeconomics Macroeconomics is the field of economics that deals with aggregated quantities. Microeconomics, for example, might deal with firm level economics, while macroeconomics might deal with aggregate firms level economics, the economics of all the firms ...

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Author:  Yuri Tricys  |  :  Jan 18, 2016  |  :   business, computer-science, data-firm, data-science, learning-center, trade

What is international trade? International trade is the movement of goods across national borders. Because bilateral exchange rates change frequently, international trade is watched closely by national and supranational governments. Small changes in currency pair ...

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Author:  Yuri Tricys  |  :  Jan 14, 2016  |  :   business, computational-modelling, computer-science, data-firm, data-science, learning-center

What is modelling? Modelling is an important part of decision science. Modellers make simplified representations of reality to produce judgements about reality and guide real decisions. Models can be abstract and theoretical, or data driven and empirical. Both ...

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Author:  Yuri Tricys  |  :  Jan 8, 2016  |  :   business, computer-science, data-firm, data-science, learning-center

What is data wrangling? Data wrangling is the process of preparing data for analysis or computation. It includes transforming data into various formats and statistical derivations, cleaning data to account for missing observations, clumsy data types, or outright errors, ...

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