We are surrounded by a lot of data: phone contacts, shopping list, photo albums, playlists, work tasks. And every second, thousands of terabytes of data are transmitted in the global cyberspace. Some of them have not yet been processed and do not represent valuable information. To be useful, data must be collected and analyzed. This is what a data analyst does.
Data is important for various areas of business, science, education, medicine, because it helps to make decisions and plan actions. For example, in retail, data analysis will help you understand what product will be popular next month, at what stage buyers do not pay for the “Basket” in an online store, how to arrange products to arouse the greatest interest among buyers. Data analysis in production and industry will help analyze the best distribution channels, predict sales or equipment wear.
In order for the collected data not to lie dead weight, but to work, they need to be taken out of the database and analyzed according to certain criteria.
A business analyst is a universal fighter for working with market and data analysis, financial planning, business modeling. With such multitasking, quality work and speed are especially important.
For the past few years, the business mantra has been repeating that data is gold. But according to research by Seagate and IDC, companies use only 32% of information effectively, and 44% do not collect data at all. There are several obstacles to this: the difficulty in collecting information, storing it in disparate databases, and insufficient comparability of data from different sources.
In addition, special attention should be paid to the quality and reliability of the information used.
Practice shows that on the basis of knowledge of fundamental and technical analysis it is impossible to make unequivocal investment decisions. Since the market is significantly influenced not only by financial indicators and analytical indicators, but also by changes in the political situation and inaccessible information. Disinformation plays an important role in the markets and can lead to severe, fast and irreversible economic consequences for the actors involved. Spreading false information, such as posts on forums, blogs, or in the media, that talk about an individual company's outstanding financial performance, lucrative long-term contracts, or its upcoming increase in dividends (or vice versa) is market manipulation. And this falls under administrative and even criminal liability for the organizers of these actions. Why? Because it undermines confidence in the exchange, corporations: investors begin to doubt the fairness of transactions and stop investing their money - as a result, this greatly complicates the further development of financial markets, which affects investors themselves, companies, and the economy of the state as a whole.
Exorde will be able to offer services that allow its users to gain additional knowledge, context and details about who is spreading the information they consume, especially if it is viral and has recently been in circulation. This protocol collects all possible information from articles, videos, audio, social networks, in a word from all places where there is at least some minimal data. And at the output we get data that connects all similar facts. Thus, the goal of the project is to find the original source of viral information in its original form, before this information becomes viral.
Exorde is built around a core platform that provides unbiased credibility scores for information (and virality-related analytics) based on the community, AI modules, and a token-based economy.This platform is decentralized, open and transparent. This is where participants will work together to index the entire network, extract its unstructured information, relationships, similarities, trends, and any type of pattern in information circulating throughout the internet, regardless of platform or media.
Exorde as a knowledge network can use the unstructured content of the Internet and perform a first-of-its-kind analysis of the virality of information circulating throughout the network.
The Exorde Work Systems are the core component and will serve as the base layer for the entire ecosystem. Exorde is based on four main parameters:
Ethereum is an open source platform that allows developers to create and deploy decentralized applications on it.
Skale is an elastic sidechain network connected to the Ethereum chain, acting as an execution layer. It is a scalable and elastic environment that provides high transaction throughput.
Filecoin is a decentralized data storage system that intends to replace the expensive and inefficient servers of Google and Amazon.
NLP is an artificial intelligence module that will work with unstructured text. AI will be able to recognize objects in text, extract sentences, facts, compare them with each other and perform similarity checks.
Written by Bimevox
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