AIMIT holds national conference on data science and business analytics

May 10, 2012

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Mangalore, May 10: The national level conference on Data Science and Business Analytics was held at AIMIT campus of St Aloysius College on Wednesday.

Denzil Lobo S.J., Director, AIMIT in his inaugural speech spoke about the processing power of our brain and said, “the most sophisticated computers even today cannot compare with the working of brain of an ant in its ability to process and store voluminous amount of data”.

He spoke of future development in computing paradigms and the day would come when our computers will try to mimic the functioning of a human brain and will be self-learning machines. He also stressed on the need of change in learning paradigm and said that students must be encouraged to THINK rather than memorise.

Prof. Santosh Rebello, Dean of the I.T. section, AIMIT, in his introductory remarks and welcome speech spoke about management of “big” data. He said that unstructured data has revolutionized the world and said that if we have to progress, we need to accept and adapt the changes that are taking place. Medha Kudari proposed the vote of thanks.


Sessions

The first session of the day started with the keynote address delivered by Mr. Shekhar, Dept. of M.C.A., Mangalore University. It was on “Machine learning for Vision Applications”. He started his talk by stating that learning is good only when it is efficient; and that whenever changes are made to the system, it should be adaptable and efficient. He illustrated the importance of training and clustering in Machine learning, gave a brief idea of computer vision and started examples with applications. It was concluded that extreme dependence on the machines to reduce the functional capabilities of the person. Finally, Prof. Santosh Rebello mentioned a few insights on Digital space and how to create value out of it.

During the second session papers by the participants were presented. The first paper, titled “Business Intelligence – Achieving success through Data Quality” was presented by Ms. Anusha G. Sabhahit followed by the next paper “Industry Application of Data Mining” by Mr. D M Arvind Mallik. Ms. Kavitha presented the paper “Enhanced Adaptive Item Sequencing using Biserial Correlation and Bayesian Classification” and the paper on “Evolution of statistical software design: Futuristic Agenda” by Ms. Sumitha P V, Mr. Ashok D'souza and Mr. Madhukar S M was presented.

A paper on “Time series data mining algorithm” by Yachana was presented by Ankitha Nayak and Neetha Kripalani Bangera and the paper on “Introduction to Nano-sensors for detecting diabetics and its importance”by Shobha K Bawiskar, Savitha A Lothe, Aqueel Ahmed and Ramesh Manza was presented by Ashwin Kumar and Manish Bharadwaj.

The afternoon session started at 2pm. The keynote address was delivered by Mrs. Rohini Rao, Dept. of M.C.A., Manipal Institute of Technology based on “The role of Domain Ontology in Semantic Data Integration”. She elaborated the definition of Ontology – branch of Metaphysics. She explained about Domain Ontology and how it can be possible to create our own Ontology. She further illustrated on the use of Domain Ontology in data integration with a set of examples.

A paper on “Optimizing Artificial Neural Networks for protein secondary structure prediction” was presented by Mr. Lanwin Lobo. Next, a paper on “A practical approach for implementing Business Intelligence in terms of DSS and KM in socio-economic reality of organization” by Mr. Suman A Lasrado, Mr. Arun D'silva and Mr. Roshan Suvaris was presented which was followed by a tea break for 15 minutes.

A paper on “Incorporating Divide and Conquer approach for clustering large data set with prior K-means algorithm” by Umadevi C and Sowmyapriya G V was presented by Mithun Kumar Shetty and Sujoy K R and the paper on “Analysis on cloud capabilities and adoption using maturity model” by Thanuja G V was presented by Deeksha J Shetty and Devendra Kumar.

The conference came to an end with the valedictory function where the certificates of participation were distributed to the participants.

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News Network
February 18,2020

Bengaluru, Feb 18: Deputy chief minister Laxman Savadi was elected to the legislative council on Monday and although it was a done deal that he would win, a vote from across the aisle spiced up the election.

Counting was conducted soon after ballots were cast and Savadi polled 113 of the 120 votes cast, including the vote of disgruntled JD(S) legislator GT Devegowda. Seven votes were declared invalid. Members of the two opposition parties — Congress and JD(S) — abstained from voting.

The election was necessitated following the resignation of Rizwan Arshad of the Congress. Rizwan resigned after he was elected to the legislative assembly from the Shivajinagar constituency in the assembly bypolls held for 15 seats in December last year.

BR Anil Kumar, who was initially promised the support of both Congress and JD(S) was supposed to contest as an independent candidate. However, as both parties refused to support him at the last minute, he withdrew, paving the way for Savadi’s victory.

The BJP has 117 members in the 225-member assembly, but N Mahesh of the BSP and two independents, H Nagesh and Sharath Bachchegowda, besides GT Devegowda also voted, taking the total electorate to 120 (including the speaker). BJP’s SA Ramadas did not turn up because of health reasons.

“I would like to thank all those who were responsible for my victory. Special thanks to leaders of my party and chief minister BS Yediyurappa, who gave me the opportunity to be the BJP candidate,” said Savadi.

Winning this council election was crucial for Savadi to retain his ministry as he was not an elected member of either of the houses. Rules mandate that a non-member must get elected either to the assembly or council within six months after taking over as minister. February 20 was the deadline for Savadi, who had lost 2018 assembly polls from Athani, to get elected.

Officials in the assembly secretariat said seven votes were invalid because voters had wrongly marked their choices on ballot paper. According to norms, a voter has to mark numerical one, two and three against the names of the candidates in order of preference. Marking only numerical one is allowed. However, six ballots had a tick mark, while a voter had registered a cross mark. Since it was a secret ballot, it was not known who the MLAs were whose votes were invalid.

“The ballot papers bear serial numbers and they are randomly distributed. It is virtually impossible to say who a voter cast his or her vote for,” said assembly secretary MK Vishalakashi, the retuning officer for the bypoll.

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Agencies
January 16,2020

Bengaluru, Jan 16: Amping up the online payment experience for consumers, Razorpay, the leading full-stack financial services company, today launched a new product, Instant Refunds for businesses.

This new feature activates refunds and credits the customer's source account across payment methods such as credit card, net banking, and UPI within a minute of initiation.

India is one of the fastest-growing online retail markets today. About 71 per cent of internet users in the country purchase products online. Today, the refund process has two major pain points for both the end customer and the business.

First, a delay of five-seven business days for the customer in receiving the money because of multiple intermediaries like the acquiring bank, issuing bank and the networks (VISA/MasterCard/Rupay).

Second, the lack of transparency during the entire refund process for both the customer and the business. This long cycle of processing refunds is a significant problem with every popular payment method in the industry.

By issuing refunds instantly, Razorpay will help businesses retain their customers, build trust through an improved hassle-free payment experience and provide complete transparency on refunds to both the business and the end-user.

This new feature will also reduce the dependence on manpower as every refund issue on an average leads to ten service emails or calls from customer support teams.

"Instant Refunds are the new normal and central to great customer experience. A lot of consumers fail to use online payment methods as they feel getting refunds through an online platform is a very time-consuming task; hence they prefer CoD as the best alternative. Given the technological advancements being made in the fin-tech ecosystem, its fair for customers to expect refunds as fast as possible. A solution like Instant Refunds will not only help build consumer confidence in digital payments but also reduce losses for e-commerce companies where CoD has become an expensive option with more than 50 per cent online transactions made through cash", said Shashank Kumar, CTO & Co-founder of Razorpay.

"Our Instant Refunds feature ensures that the refund is processed at a 3600x faster pace than the normal expected time of five-seven business days. The team is focused on creating new technologies designed to make the entire payment lifecycle hassle-free. We believe this new feature will make customers experience a notch higher, help brands create a competitive advantage, and even make them more profitable", he added.

Razorpay's growth has been uphill, particularly in the last two years. With a 500 per cent growth in 2019, the company has been witnessing a healthy growth rate of 35 per cent month-on-month.

The company also recently launched its corporate credit cards for its partner businesses, RazorpayX current accounts, support for freelancers and homepreneurs, and acquired Opfin, a payroll and HR management software company.

Currently powering payments for over 800,000 businesses including the likes of Indigo, BSE, Thomas Cook, Reliance, SpiceJet, Aditya Birla, Sony, and Oyo, the team plans to increase this count to 1,400,000 by this year. The full-stack financial solutions company expects a 4x growth in its revenue by the end of the next fiscal year.

This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article.

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News Network
April 30,2020

Bengaluru, Apr 30: Chief Minister B S Yediyurappa, has directed the Bengaluru City Police to return all the vehicles, which were seized during the Coronavirus Lockdown period, for having flouted rules.

The City Police Commissioner, Bhaskar Rao, informed that it was decided to return the seized vehicles to the owners, after verifying documents.

He said that the vehicles had been seized while enforcing strict guidelines, issued to prevent the spread of the COVID-19 virus, in the city.

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