Leveraging ESG Data to Operationalize Sustainability
The benefits of Environmental, Social and Governance (ESG) are well understood across the financial services industry. In our previous blog post, we demonstrated how asset managers can leverage data and AI to better optimize their portfolios and identify organizations that not only look good from an ESG perspective, but also do good — companies that...
Reputation Risk: Improving Business Competency and Nurturing Happy Customers by Building a Risk Analysis Engine
Why reputation risk matters? When it comes to the term "risk management", Financial Service Institutions (FSI) have seen guidance and frameworks around capital requirements from Basel standards. But, none of these guidelines mention reputation risk and for years organizations have lacked a clear way to manage and measure non-financial risks such as reputation risk. Given...
Announcing Single-Node Clusters on Databricks
Databricks is used by data teams to solve the world's toughest problems. This can involve running large-scale data processing jobs to extract, transform, and analyze data. However, it often also involves data analysis, data science, and machine learning at the scale of a single machine, for instance using libraries like scikit-learn. To streamline these single...
Using MLOps with MLflow and Azure
The blog contains code examples in Azure Databricks, Azure DevOps and plain Python. Please note that much of the code depends on being inside an Azure environment and will not work in the Databricks Community Edition or in AWS-based Databricks. Most organizations today have a defined process to promote code (e.g. Java or Python) from...
Analyzing Algorand Blockchain Data with Databricks Delta
Algorand is a public, decentralized blockchain system that uses a proof of stake consensus protocol. It is fast and energy-efficient, with a transaction commit time under 5 seconds and throughput of one thousand transactions per second. The Algorand system is composed of a network of distributed nodes that work collaboratively to process transactions and add...
Measuring Advertising Effectiveness with Sales Forecasting and Attribution
Click below to download the notebooks for this solution accelerator: Campaign Effectiveness -- ETL Campaign Effectiveness -- Machine Learning How do you connect the impact of marketing and your ad spend toward driving sales? As the advertising landscape continues to evolve, advertisers are finding it increasingly challenging to efficiently pinpoint the impact of various revenue-generating...
Automate Azure Databricks Platform Provisioning and Configuration
Table of Contents Introduction Automation options Common workflow Pre-Requisites Create Azure Resource Group and Virtual Network Provision Azure Application / Service Principal Assign Role to Service Principal Configure Postman Environment Provision Azure Databricks Workspace Generate AAD Access Token Deploy Workspace using the ARM template Get workspace URL Generate Access Token for Auth Generate AAD Access...
Announcing Databricks Labs Terraform integration on AWS and Azure
We are pleased to announce integration for deploying and managing Databricks environments on Microsoft Azure and Amazon Web Services (AWS) with HashiCorp Terraform. It is a popular open source tool for creating safe and predictable cloud infrastructure across several cloud providers. With this release, our customers can manage their entire Databricks workspaces along with the...
Improving Public Health Surveillance During COVID-19 with Data Analytics and AI
As the leader of the State and Local Government business at Databricks, I get to see what governments all over the U.S. are doing to address the Novel Coronavirus and COVID-19 crisis. I am continually inspired by the work of public servants as they go about their business to save lives and address this crisis....
Profit-Driven Retention Management with Machine Learning
Companies with the highest loyalty ratings and retention rates grew revenues 250% faster than their industry peers and delivered two to five times the shareholder returns over a 10 year period. Earning loyalty and getting the largest number of customers to stick around is something that is in the best interest of both a company...