Knowledge in Business Intelligence and Analytics

Book On Data Mining

Zhao R and Data Mining Book

Final Project on Twitter Analysis

Final Project on Twitter Analysis using R Data Mining, Data Cleaning and Analysis

Electric Vehicle:The Future of Automobile Industry

Electric vehicles are promising technologies with respect to the reduction of global vehicular emission. Moreover, growth in demand for fuel-efficient vehicles is a key driver of the market across various countries, owing to the focus of companies on manufacturing fuel-efficient and low-cost electric vehicles. In addition, electric vehicles are currently augmented with other electronic systems, such as self-driving assist, telematics control, and tire pressure monitoring system, to provide more vigilance and comfort, which augments the market growth. However, high manufacturing cost and reduced life of the electronic parts restrain the market growth. At present, electric vehicles are being used worldwide in all segments of vehicles, owing to the growing demand for fuel-efficient technologies in the automobiles, and stringent vehicular emission laws & regulations imposed by various transport authorities. In addition, various lightweight and more fuel-efficient electric vehicles are available in two-wheelers and passenger cars provided by the key players such as Toyota, Honda, and Daimler. The global electric vehicle market is driven by the surge in the automotive sector and the introduction of new technologies. In addition, the requirement of efficient vehicles with zero carbon emission and reduced Li-ion battery cost drive the demand for this electric vehicle market. Moreover, increase in the requirement for fuel efficient vehicles and rise in prices of gasoline globally have led to an upsurge in the development and production of electric vehicles. Stringent government rules and regulations towards vehicle emission, and growth of public charging infrastructure are further driving the market growth. However, high manufacturing cost of vehicle, and low fuel economy, and serviceability are hampering the market growth. Technological advancement such as high fuel economy, and usage of composite materials in manufacturing of vehicle, will unfold various opportunities for the growth of the market in the future. Proactive government initiatives for the growth of usage of electric vehicle will also catalyze the growth of the market in the future. The commercial vehicle segment in North America has witnessed high adoption of electric vehicles, owing to the enforced emission laws & regulations by the government and various transport authorities such as NHTSA (National Highway Traffic Safety Administration) and IIHS (Insurance Institute for Highway Safety). Stringent emission laws & regulations are compelling the automobile manufacturers to equip their vehicles with alternative fuel technologies, resulting in increased overall market adoption of electric vehicles. The increase in concern about vehicular pollution and growth in demand for fuel-efficient vehicles have propelled the commercial vehicle electric vehicle market. Companies, such as BYD and Smith Electric, are developing advanced and lightweight electric vehicles for commercial purposes. Various companies have also tried to expand their business by opening various manufacturing facilities in the developing countries, such as India, China, and South Africa, to develop electric vehicles for commercial purposes. Asia-Pacific is expected to witness the highest adoption of electric vehicles, owing to the growth in density of automobiles, increase in economy of countries, and rise in buying power of customers. Countries, such as India and China, offer lucrative opportunities for the growth of electric vehicle market as they have the large volumetric base of two-wheelers and implementation of stringent vehicular emission norms.

China: The Mecca of Shipping Container Industry

The global shipping container market is expected to have a steady growth due to increase in seaborne trade and industrialization globally. The market in the developed countries such as the U.S., Canada, Mexico, and Germany experiences slower growth when compared to the developing regions such as China, India, South Africa, and the Middle East, owing to the availability of raw material and low-cost labor in these regions. Ultra large container vessels capable of carrying more than 18.000 TEU (twenty-foot-equivalent-units) represent the fastest growing segment of global shipping container fleet. The arrival of such vessels exacerbates supply-and-demand inter balances on the major trade lines. Ports located in Asia and Europe are designed to hold these tremendous vessels on the coastal lines of the region. Also, Europe’s economic decline has resulted in reduced demand on the Asia-Europe trade lane. According to the International Monetary Fund (IMF), the volume of global trade, which is key to the demand for container shipping services, is anticipated to increase by 3.4 percent in 2016. The total containership fleet grew by 8 percent in 2015 which added to the persisting over-capacities in the market. Subsequently, container freight rates declined by 30-40 percent even as the scrapping of capacities continued. In contrast, container charter rates did increase in the first half of 2015, but could not keep the gains as they ended up 10 percent less than the prior year by the end of 2015. The containership order book at the end of 2015 stands at 18 percent of existing capacity which is a rather moderate increase of ordering activities as compared to the beginning of the year. In 2014, head-haul trade was just over double the size of back-haul. Asia accounted for the highest import volumes due to strong interregional trade, while North America experienced the highest import growth, due to higher Mexican imports. BIMCO expects the shipping container segment to see a net fleet growth of around 3.1% in 2017. In terms of ocean container throughput and volume growth, the Asia Pacific region continues to dominate the globe, largely due to the recent and sustained double-digit increases in exports from China. China is the major shareholder of the shipping container market globally. Factors such as availability of raw materials, low-cost labor, large coastal line, and large dependency on the seaborne trade are driving the growth of the market. The ISO containers (international standards) and non-ISO containers are manufactured in China and are exported to almost all parts of the world. The international market share of China is getting larger every year. China specializes in the manufacturing of special purpose containers such as warm-keeping, pot, and regional special containers. Altogether, China has almost 900 diverse types of containers in various sizes which are expected to cater the needs of a large section of customers. China entered the shipping container manufacturing in 1980 with the formation of CIMC in Shenzhen, China, but only gained its greatest momentum in 1993. Not only was China’s low cost of labor an issue, but was also becoming the largest producer and recycler of steel. Till 1995, Taiwan, Hong Kong, Japan, Korea, and most of Europe were producing their shipping containers in Mainland China. Since 1996, CIMC is the largest manufacturer of ISO containers in the world, and by 2007 China produced 82% of the entire world supply of ISO shipping containers. There are many small companies in China currently, which fabricate ISO-certified containers.

Regression analysis example

The published PPT describes regression analysis with an example

How to solve a R case study

An Approach to solve a case study on R

NOTES ON BUSINESS ANALYTICS

These slides would give an introduction to the research methods in business analytics. These notes have helped me in my semester 1 MBA for business anlytics.

World's First Cloud-Sourced Knowledge Repository

Knowledge repository related to online document search sites and a relative comparison among them.