This article showcases solving an assumed business problem using optimization, with R as the tool to do so. Optimization problems come is various shapes and sizes and complexities. In this article the focus is on a simplified version of a problem to decide on purchase quantities to minimize cost. You may also like to …

This article showcases solving an assumed business problem using optimization, with R as the tool to do so. Optimization problems come is various shapes and sizes and complexities. In this article the focus is on a simplified version of a problem to decide on production quantities to maximize profit. Image attribute: …

While the internet is flooding with mentions of what ChatGPT failed to do, what it can do is surprisingly advanced. Below are two such examples. It is not an argument that validates (or invalidates) abilities of the AI. Couple of decades back, the thought of computer's ability to identify people was highly futuristic. …

Kobotoolbox is a popular tool or platform used by Non-profit organizations across the globe to collect data. Using a R package it is now possible, with convenience, to download data from Kobotoolbox to R. Kobotoolbox Kobotoolbox is perhaps the most widely used data collection tool used by non-profit organizations …

Everyone knows how annoying mechanical breakdown can be. Production is directly successful because the equipment malfunctions. Large sums of money are lost as production resumes. It also affects OEMs and distributors based on lost reputation and business opportunity. Fortunately, the use of data science can handle this …

Network Analysis Network theory is the study of graphs as a representation of relationship between discrete elements. When applied to social relations, it is known as social network analysis.1 Bollywood In this article, network theory is applied to analyse relationship between some professionals in bollywood, based on …

Survival Analysis Survival analysis deals with estimating probability of continuation of a particular status-quo at given point in time. Naturally, it also estimates the probability of discontinuation of the status quo i.e. occurrence of an event or a hazard. It finds application in several fields. For e.g. in medicine …

Data Art As the name suggests, data art is an art created using data of any kind. Well, the definition may vary. It's not an exact science. Some may use random data while others may use real life data. I recently came across the concept from the R graph Gallery. I started off the experiments with digits of pi, denoted …

This article discusses why digital transformations fail and what can businesses do about it (explained using a synthetic example from construction equipment industry) following successful startups. This is in continuation of my last article where I have recommended digital initiatives for OEMs of CE industry.) Sometime …

This article discusses micro perspective and focusses on OEMs as individual entity and not on industry as a whole. Challenges for the industry has been discussed in a different article. Construction equipment industry may face some challenges post covid, but overall industry in India should be able to overcome slowdown …