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Showing posts from 2014

Imarticus Good Reads

Deciding what to read next? You’re in the right place. If you enjoy reading about Investment Banking, we’ll give you surprisingly insightful recommendations. These are some thriller, suspense and romance genre books with stories revolving around investment banking. Go through a quick synopsis and tell us if you find them interesting enough…. Den of Thieves A riveting account of the biggest insider-trading scandal in financial history that nearly destroyed Wall Street, the men who pulled it off, and the chase that finally brought them to justice. Tipping Point Malcolm Gladwell makes his case that problems are as volatile as epidemics and are capable of dramatic change in direction with the right intervention – the Tipping Point. If you are a fan of data, numbers and like logical interpretations of phenomenon, this is definitely a book for you. Flash Boys In this book, Michael Lewis investigates big banks, the world’s stock exchanges, and high-frequency trading as they ha

What is Business Analytics?

What is Analytics? Analytics is the systematic computational analysis of data. In the simplest sense, Analytics is Applied Business Statistics. Statistics is a collection of methods for planning experiments, obtaining data, and then organizing, summarizing, presenting, analyzing, interpreting, and drawing conclusions to understand underlying macro trends. Applied  statisticians apply their knowledge of statistical methods to a variety of subject areas, such as biology, economics, engineering, medicine, public health, psychology, marketing, and education. A Brief History of Analytics: Availability and accuracy of data is the key to decision making. As such, Analytics in some form or the other has been part of business decision making. There are numerous drivers of production and the supply chain, and there are several processes under each driver. These processes are associated with high overheads and offer opportunities for cost reduction. Cost reduction requires a compl