Welcome to Part 2 of our 3-part blogpost series where we delve into the topic of “how deep data analytics will dramatically change your business.” In this part, we will explore the importance of “data” for businesses, ecommerce and traditional brick and mortar retailers of all sizes alike and how “data” significantly improved the financial results in the Himalayan java eco-system.
People on the internet are asking OpenAI’s ChatGPT to do all sorts of things so we thought it might be a good idea to jump on the bandwagon and ask it questions about how well it knows it’s own foundations: data. Being a data analytics consultancy based in Nepal, we also thought it might be a good idea to ask it some specific questions about the industry in our home country.
I usually speak to my Grandma on Thursdays. True to tradition, we did so this past week. As soon as she picked up the phone, she first asked me if I had eaten and only then if I was doing well. Ah Grandmas! I told her about the recent heatwave in Europe and how France recorded its highest temperature (EVER) on Friday. Sure, the temperature is an irrelevant detail for me to tell you, but, like Big Data, it is very relevant for the future of humanity! Anyways, we continued the rest of the conversation from where it had ended last week.
“You do not really understand something unless you can explain it to your grandmother.” We’ve all heard a variant of this quote, often credited to Albert Einstein. In technology circles, it implies the difficulty of explaining cutting edge advances to the layperson. This is the first of a series of posts in which I will try to explain concepts in Big Data as I understand them and as if I were at a dinner table explaining my understanding to my Grandmother.