Jedox

SEPTEMBER 3, 2020

The unprecedented uncertainty forced companies to make critical decisions within compressed time frames. Using these drivers as an overlay to stress-test models add robustness to forecasting and can identify exposure and risks to long-term stability. This placed an acute spotlight on planning agility. Conclusion.

Uncertainty 81

Uncertainty Forecasting Digital Transformation Risk 81

DataRobot

JULY 16, 2021

Accuracy — this refers to a subset of model performance indicators that measure a model’s aggregated errors in different ways. Testing your model to assess its reproducibility, stability, and robustness forms an essential part of its overall evaluation. Recognizing and admitting uncertainty is a major step in establishing trust.

Machine Learning 98

Machine Learning Uncertainty Modeling Measurement 98

CIO Business Intelligence

JULY 7, 2023

This module validates your ability to measure, assess, and develop the Service Desk practice capability using the ITIL Maturity Model. You’ll be tested on a situation of your choosing, so the material will be personal to your experience.

Cost-Benefit 98

Cost-Benefit Strategy Management Uncertainty 98

DataRobot

JUNE 1, 2021

You should first identify potential compliance risks, with each additional step again tested against risks. Recognizing and admitting uncertainty is a major step in establishing trust. Interventions to manage uncertainty in predictions vary widely. Knowing When to Trust a Model. Is rain 40% likely?

Uncertainty 52

Uncertainty Machine Learning Advertising Risk 52

DataRobot

APRIL 5, 2021

The uncertainty in her reply piqued my interest. In a series of experiments, the researchers and authors of “ Manipulating and Measuring Model Interpretability ” asked participants to predict apartment prices with the assistance of a machine learning model. Umm, yes, I think so,” she replied. I wanted to know why she was so uncertain.

Uncertainty 96

Uncertainty Machine Learning Modeling Reporting 96

CIO Business Intelligence

JANUARY 15, 2024

Then she advises practice: Work out stories first with peers or mentors to test whether the stories inspire the desired responses or convey the intended messages. Anytime you’re starting down a pathway of change, you have to talk to people you trust, let them know what you’re working on, and then set a measuring stick,” Pyle says.

IT 131

IT Consulting Strategy Sales 131

Cloudera

DECEMBER 11, 2020

Insurance and finance are two industries that rely on measuring risk with historical data models. In “Are Your Machine Learning Models Wrong” , Richard Harmon explores what financial institutions should do in the face of the uncertainty caused by COVID-19. Data Variety.

Insurance 93

Insurance Digital Transformation Unstructured Data Machine Learning 93

CIO Business Intelligence

OCTOBER 18, 2023

If anything, 2023 has proved to be a year of reckoning for businesses, and IT leaders in particular, as they attempt to come to grips with the disruptive potential of this technology — just as debates over the best path forward for AI have accelerated and regulatory uncertainty has cast a longer shadow over its outlook in the wake of these events.

Risk 141

Risk Manufacturing Enterprise Technology 141

IBM Big Data Hub

APRIL 18, 2024

Beyond cost savings, organizations seek tangible ways to measure gen AI’s return on investment (ROI), focusing on factors like revenue generation, cost savings, efficiency gains and accuracy improvements, depending on the use case. The AGI would need to handle uncertainty and make decisions with incomplete information.

Cost-Benefit 97

Cost-Benefit Modeling Manufacturing Interactive 97

Occam's Razor

APRIL 8, 2013

Sometimes, we escape the clutches of this sub optimal existence and do pick good metrics or engage in simple A/B testing. First, you figure out what you want to improve; then you create an experiment; then you run the experiment; then you measure the results and decide what to do. Testing out a new feature. Form a hypothesis.

Metrics 156

Metrics KPI Analytics Key Performance Indicator 156

BizAcuity

APRIL 1, 2023

Disruptive measures to help fight different types of disruption that was being witnessed for the first time. Each feature is planned in detail, including design, development, and testing. Fast-forward to now, agile development is everywhere, in every industry. It allows for more accurate planning.as

Software 52

Software Manufacturing Testing Visualization 52

BizAcuity

FEBRUARY 3, 2023

Disruptive measures to help fight different types of disruption that was being witnessed for the first time. Each feature is planned in detail, including design, development, and testing. Fast-forward to now, agile development is everywhere, in every industry. It allows for more accurate planning.as

Software 52

Software Manufacturing Testing Visualization 52

The Unofficial Google Data Science Blog

JULY 18, 2023

E ven after we account for disagreement, human ratings may not measure exactly what we want to measure. Researchers and practitioners have been using human-labeled data for many years, trying to understand all sorts of abstract concepts that we could not measure otherwise. That’s the focus of this blog post.

Measurement 52

Measurement Metrics Uncertainty Slice and Dice 52

Sisense

JUNE 24, 2020

Every company wants to focus on operational efficiency and protect their revenue against uncertainty. Data and analytics are critical to helping companies measure progress, engage with their customers, and test new innovations that lead to profitability. Remember, data measures an activity. Benchmarking.

Analytics 52

Analytics Cost-Benefit Consulting Strategy 52

Sisense

OCTOBER 6, 2020

Most commonly, we think of data as numbers that show information such as sales figures, marketing data, payroll totals, financial statistics, and other data that can be counted and measured objectively. This type of data is often collected through less rigid, measurable means than quantitative data. This is quantitative data.

Statistics 98

Statistics Unstructured Data Data-driven Visualization 98

The Unofficial Google Data Science Blog

JANUARY 14, 2016

Unlike experimentation in some other areas, LSOS experiments present a surprising challenge to statisticians — even though we operate in the realm of “big data”, the statistical uncertainty in our experiments can be substantial. We must therefore maintain statistical rigor in quantifying experimental uncertainty.

Experimentation 41

Experimentation Statistics Metrics Measurement 41

DataKitchen

SEPTEMBER 21, 2023

The uncertainty of not knowing where data issues will crop up next and the tiresome game of ‘who’s to blame’ when pinpointing the failure. In the context of Data in Place, validating data quality automatically with Business Domain Tests is imperative for ensuring the trustworthiness of your data assets.

Testing 176

Testing Data Quality Predictive Modeling Metrics 176

The Unofficial Google Data Science Blog

APRIL 23, 2024

the weight given to Likes in our video recommendation algorithm) while $Y$ is a vector of outcome measures such as different metrics of user experience (e.g., Crucially, it takes into account the uncertainty inherent in our experiments. Figure 2: Spreading measurements out makes estimates of model (slope of line) more accurate.

Experimentation 52

Experimentation Optimization Uncertainty Metrics 52

Jet Global

SEPTEMBER 10, 2020

Living through periods of rapid upheaval and uncertainty, like the recent pandemic, forces us to adapt quickly to new working practices. One area that often goes overlooked is the value that can be achieved from the application of consolidated KPIs to measure major indicators.

Forecasting 52

Forecasting Finance Uncertainty Sales 52

Data Science and Beyond

JULY 28, 2017

Hence, Automattic relies heavily on textual channels, and text-based interviews allow the company to test the written communication skills of candidates. The answers were that I’d be joining the data science team, and that the next steps are a pre-trial test, a paid trial, and a final interview with Matt. And after 2.5

Data Science 81

Data Science Testing Measurement Uncertainty 81

CIO Business Intelligence

JUNE 8, 2022

Digital disruption, global pandemic, geopolitical crises, economic uncertainty — volatility has thrown into question time-honored beliefs about how best to lead IT. Thriving amid uncertainty means staying flexible, he argues. . The coming months are a leadership test for CIOs, and it’s a pass/fail grade.”. Keep calm and lead on.

IT 133

IT Cost-Benefit Uncertainty Digital Transformation 133

O'Reilly on Data

OCTOBER 13, 2020

In Bringing an AI Product to Market , we distinguished the debugging phase of product development from pre-deployment evaluation and testing. During testing and evaluation, application performance is important, but not critical to success. require not only disclosure, but also monitored testing. Debugging AI Products.

Management 244

Management Metrics Machine Learning Modeling 244

O'Reilly on Data

SEPTEMBER 15, 2020

Technical sophistication: Sophistication measures a team’s ability to use advanced tools and techniques (e.g., Technical competence: Competence measures a team’s ability to successfully deliver on initiatives and projects. Technical competence results in reduced risk and uncertainty.

Cost-Benefit 293

Cost-Benefit Advertising ROI Machine Learning 293

Occam's Razor

JULY 12, 2010

Let's go look at some tools… Measuring "Invisible Virality": Tynt. It measures how often a blog post is tweeted/retweeted. I also measure the # of Comments Per Post as a measure of how "engaging" / "valuable" people found the content to be. Or for that matter how many tools.

Analytics 96

Analytics Measurement Metrics KPI 96

CIO Business Intelligence

APRIL 28, 2024

However, new energy is restricted by weather and climate, which means extreme weather conditions and unpredictable external environments bring an element of uncertainty to new energy sources. It was the solution of choice to achieve an observable, measurable, adjustable, controllable and traceable low-voltage side. HPLC can deliver 99.9%

Interactive 91

Interactive Uncertainty Data Collection IoT 91

The Unofficial Google Data Science Blog

JULY 22, 2020

Another reason to use ramp-up is to test if a website's infrastructure can handle deploying a new arm to all of its users. The website wants to make sure they have the infrastructure to handle the feature while testing if engagement increases enough to justify the infrastructure. We offer two examples where this may be the case.

Experimentation 95

Experimentation Statistics Testing Strategy 95

Cloudera

OCTOBER 26, 2021

The challenges of remote working with dispersed teams have been a test of leadership. That being said, leaders should take a measured approach and refrain from jumping right in every single time the team encounters an issue. Are you someone who leads from an ivory tower or from the frontlines? Emphasise commitment in times of change.

Uncertainty 85

Uncertainty Interactive Reporting Measurement 85

Rita Sallam

MAY 12, 2021

For the vendors that participate in the Bake-Off, it is in equal measure fun and extremely stressful. When it came to containing the spread of COVID cases, countries with a higher prevalence of domestic travel restrictions and mass population testing measures faired better than those that relied predominantly on awareness campaigns.

Data Analytics 59

Data Analytics Analytics Measurement Uncertainty 59

BI-Survey

FEBRUARY 14, 2022

Overnight, the impact of uncertainty, dynamics and complexity on markets could no longer be ignored. Local events in an increasingly interconnected economy and uncertainties such as the climate crisis will continue to create high volatility and even chaos. The COVID-19 pandemic caught most companies unprepared. BARC Recommendations.

Forecasting 52

Forecasting Uncertainty Measurement Software 52

Smart Data Collective

APRIL 30, 2020

We are also required to follow the same restrictive measures that attempt to contain or mitigate the spread of the virus. Advisable cybersecurity measures. Security measures like VPNs and multi-factor authentication (MFA) may be necessary to secure a home office. Here are some of the ways that these can be achieved.

Measurement 75

Measurement Uncertainty Risk Testing 75

The Unofficial Google Data Science Blog

MAY 31, 2016

Similarly, we could test the effectiveness of a search ad compared to showing only organic search results. It is important that we can measure the effect of these offline conversions as well. Panel studies make it possible to measure user behavior along with the exposure to ads and other online elements. days or weeks).

Advertising 42

Advertising Testing Sales Statistics 42

Data Science and Beyond

JANUARY 7, 2019

Therefore, bootstrapping has been promoted as an easy way of modelling uncertainty to hackers who don’t have much statistical knowledge. Confidence intervals are a common way of quantifying the uncertainty in an estimate of a population parameter. Don’t compare confidence intervals visually.

Statistics 77

Statistics Uncertainty Testing Modeling 77

Domino Data Lab

JUNE 23, 2019

As a result, Skomoroch advocates getting “designers and data scientists, machine learning folks together and using real data and prototyping and testing” as quickly as possible. These measurement-obsessed companies have an advantage when it comes to AI. Testing is critical. It is similar to R&D. Transcript.

Management 110

Management Machine Learning Experimentation Metrics 110

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

This classification is based on the purpose, horizon, update frequency and uncertainty of the forecast. A single model may also not shed light on the uncertainty range we actually face. For example, we may prefer one model to generate a range, but use a second scenario-based model to “stress test” the range.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

Insight

FEBRUARY 19, 2020

I held out 20% of this as a test set and used the remainder for training and validation. The genre uniqueness is a measure of how unique a movie’s combination of genre categories is relative to all movies in my data set. Below is the result of a single XGBoost model trained on 80% of the data and tested on the unseen held-out 20%.

Risk 67

Risk ROI Modeling Metrics 67

O'Reilly on Data

DECEMBER 9, 2019

Because of this trifecta of errors, we need dynamic models that quantify the uncertainty inherent in our financial estimates and predictions. Practitioners in all social sciences, especially financial economics, use confidence intervals to quantify the uncertainty in their estimates and predictions.

Statistics 27

Statistics Uncertainty Risk Marketing 27

The Unofficial Google Data Science Blog

APRIL 19, 2021

To explain, let’s borrow a quote from Nate Silver’s The Signal and the Noise : One of the most important tests of a forecast — I would argue that it is the single most important one — is called calibration. The numerical value of the signal became decoupled from the event it was measuring even as the ordinal value remained unchanged.

Modeling 122

Modeling IT Metrics Testing 122