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Parse, analyze and -- most importantly -- use COBOL data definitions. This gives you access to COBOL data from Python programs. Write data analyzers, one-time data conversion utilities and Python programs that are part of COBOL systems. Really.
Design and develop Recommendation and Adaptive Prediction Engines to address eCommerce opportunities. Build a portfolio of engines by creating and porting algorithms from multiple disciplines to a usable form. Try to solve NetFlix and other challenges.