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Similarly, it would be pointless to pretend that a data-intensive application resembles a run-off-the-mill microservice which can be built with the usual software toolchain consisting of, say, GitHub, Docker, and Kubernetes. Adapted from the book Effective DataScience Infrastructure. DataScience Layers.
Though you may encounter the terms “datascience” and “data analytics” being used interchangeably in conversations or online, they refer to two distinctly different concepts. Meanwhile, data analytics is the act of examining datasets to extract value and find answers to specific questions.
To keep pace as banking becomes increasingly digitized in Southeast Asia, OCBC was looking to utilize AI/ML to make more data-driven decisions to improve customer experience and mitigate risks. While these are great proof points to demonstrate how business value can be driven by AI/ML, this was only made possible with trusted data.
Here are some of the key use cases: Predictive maintenance: With time series data (sensor data) coming from the equipment, historical maintenance logs, and other contextualdata, you can predict how the equipment will behave and when the equipment or a component will fail. Eliminate data silos.
OCBC identified the need to upgrade its datalake technology as part of an enterprise datascience initiative to introduce a more resilient infrastructure and platform capable of managing projects with increasing volume, variety and velocity of data, while also enabling real-time analytics. .
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