Smart Data Collective

DECEMBER 18, 2020

A few years ago, we talked about the benefits of using AI and big data in disaster relief. In seven of the last 10 years, there have been 10 or more weather-related disasters with costs exceeding $1 billion each. Benefits of Assistive AI in Fighting Natural Disaster Damage.

Cost-Benefit 89

Cost-Benefit Unstructured Data Big Data Risk 89

O'Reilly on Data

SEPTEMBER 19, 2023

Each time, the underlying implementation changed a bit while still staying true to the larger phenomenon of “Analyzing Data for Fun and Profit.” ” They weren’t quite sure what this “data” substance was, but they’d convinced themselves that they had tons of it that they could monetize.

Machine Learning 246

Machine Learning Testing Modeling Cost-Benefit 246

BizAcuity

MAY 10, 2022

Despite cost-cutting being the main reason why most companies shift to the cloud, that is not the only benefit they walk away with. Cloud washing is storing data on the cloud for use over the internet. While that allows easy access to users, and saves costs, the cloud is much more and beyond that.

Data-driven 52

Data-driven IoT Unstructured Data Data Lake 52

Occam's Razor

SEPTEMBER 15, 2014

In blue is how much time we spent in 2010 and in blue the time spent in 2014. was the dramatic shift between 2010 to 2014 to mobile content consumption. The downside is that this awesomeness comes at the cost of having to learn new things on top of my recommendation above. What was surprising, even to me (!),

Metrics 141

Metrics Reporting Analytics Marketing 141

The Unofficial Google Data Science Blog

MARCH 31, 2016

Far from hypothetical, we have encountered these issues in our experiences with "big data" prediction problems. In the context of prediction problems, another benefit is that the models produce an estimate of the uncertainty in their predictions: the predictive posterior distribution. Cambridge University Press, (2006). [2]

Modeling 40

Modeling Statistics Advertising Testing 40

The Unofficial Google Data Science Blog

OCTOBER 12, 2017

1]" Statistics, as a discipline, was largely developed in a small data world. There is no longer always intentionality behind the act of data collection — data are not collected in response to a hypothesis about the world, but for the same reason George Mallory climbed Everest: because it’s there. We ought not dredge our data.

Experimentation 61

Experimentation Testing Statistics Metrics 61

datapine

APRIL 16, 2019

The term ‘big data’ alone has become something of a buzzword in recent times – and for good reason. Fundamentally, data driven decision making means working towards key business goals by leveraging verified, analyzed data rather than merely shooting in the dark. 8) Present the data in a meaningful way.

Data-driven 287

Data-driven Dashboards Visualization Cost-Benefit 287