IBM Big Data Hub

SEPTEMBER 19, 2023

Overview: Data science vs data analytics Think of data science as the overarching umbrella that covers a wide range of tasks performed to find patterns in large datasets, structure data for use, train machine learning models and develop artificial intelligence (AI) applications.

Data Science 80

Data Science Data Analytics Prescriptive Analytics Analytics 80

Smart Data Collective

SEPTEMBER 17, 2020

Financial institutions such as banks have to adhere to such a practice, especially when laying the foundation for back-test trading strategies. Big Data can efficiently enhance the ways firms utilize predictive models in the risk management discipline. The Role of Big Data. Client Data Accessibility.

Big Data 142

Big Data Finance Risk Management Risk 142

Paul Blogs on BI

MARCH 25, 2020

Firstly, let’s talk about the data and the metrics being used to track the pandemic. The three main metrics being tracked in this pandemic are: Confirmed Cases. As more testing becomes available this first metric will increase significantly. Total Deaths. Total recovered.

Business Intelligence 51

Business Intelligence Measurement Metrics Cost-Benefit 51

Smarten

NOVEMBER 8, 2022

By providing this course as a free online offering Smarten hopes to further support and encourage users and businesses to embrace the very real benefits of the Citizen Data Scientist approach to analytics and objective, data-driven metrics and results. About Smarten.

Business Intelligence 52

Business Intelligence Predictive Modeling Statistics Data-driven 52

Smarten

JUNE 10, 2022

Recent studies have focused on the trends in business intelligence and augmented analytics, predicting that businesses will grow analytics within the enterprise with: Augmented Analytics to enable non-technical business users to create sophisticated data models. Assisted Predictive Modeling.

Slice and Dice 52

Slice and Dice Analytics Key Performance Indicator Business Intelligence 52

Business Over Broadway

SEPTEMBER 27, 2018

genetic counseling, genetic testing). In this scenario, marketing analytics can only be conducted within one data silo at a time, decreasing your model’s predictive power / increasing your model’s error. underspecified) due to omitted metrics. Machine Learning and Predictive Modeling of Customer Churn.

Machine Learning 76

Machine Learning Data Integration Marketing Predictive Modeling 76

Birst BI

OCTOBER 30, 2018

Descriptive analytics techniques are often used to summarize important business metrics such as account balance growth, average claim amount and year-over-year trade volumes. The credit scores generated by the predictive model are then used to approve or deny credit cards or loans to customers. Accounts in use.

Predictive Analytics 73

Predictive Analytics Descriptive Analytics Analytics Metrics 73

IBM Big Data Hub

JUNE 29, 2023

In order to take a proactive approach to asset reliability, maintenance managers rely on two widely used metrics: mean time between failure, (MTBF) and mean time to repair (MTTR). Both KPIs help predict how assets will perform and assist managers in planning preventive and predictive maintenance.

Cost-Benefit 84

Cost-Benefit Measurement Management Predictive Analytics 84

CIO Business Intelligence

MAY 26, 2022

Expectedly, advances in artificial intelligence (AI), machine learning (ML), and predictive modeling are giving enterprises – as well as small/medium-sized businesses – a never-before opportunity to automate their recruitment even as they deal with radical changes in workplace practices involving remote and hybrid work.

Advertising 127

Advertising Machine Learning Software Measurement 127

Birst BI

AUGUST 23, 2018

For example, there are a plethora of software tools available to automatically develop predictive models from relational data, and according to Gartner, “By 2020, more than 40% of data science tasks will be automated, resulting in increased productivity and broader usage by citizen data scientists.” [1]

Machine Learning 73

Machine Learning Data Science Testing Metrics 73

CIO Business Intelligence

MAY 28, 2022

Expectedly, advances in artificial intelligence (AI), machine learning (ML), and predictive modeling are giving enterprises – as well as small/medium-sized businesses – a never-before opportunity to automate their recruitment even as they deal with radical changes in workplace practices involving remote and hybrid work.

Advertising 118

Advertising Machine Learning Software Measurement 118

IBM Big Data Hub

JULY 6, 2023

Areas making up the data science field include mining, statistics, data analytics, data modeling, machine learning modeling and programming. Because data analysts often build machine learning models, programming and AI knowledge are also valuable. Deep learning algorithms are neural networks modeled after the human brain.

Machine Learning 56

Machine Learning Data Science Statistics Deep Learning 56

Juice Analytics

MARCH 11, 2021

3) That’s where our data visualization and user experience capabilities helped them turn this data into a web-based analytical tool that focused users on the metrics and peer groups they cared about. Predictive models to take descriptive data and attempt to tell the future. He also tests data accuracy and product functionality.

Predictive Modeling 128

Predictive Modeling Visualization Reporting Interactive 128

DataKitchen

SEPTEMBER 21, 2023

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. Moreover, advanced metrics like Percentage Regional Sales Growth can provide nuanced insights into business performance.

Testing 169

Testing Data Quality Predictive Modeling Metrics 169

MLWhiz

NOVEMBER 30, 2014

In online advertising, click-through rate (CTR) is a very important metric for evaluating ad performance. As a result, click prediction systems are essential and widely used for sponsored search and real-time bidding. For this competition, we have provided 11 days worth of Avazu data to build and test prediction models.

Advertising 40

Advertising Predictive Modeling Metrics Testing 40

IBM Big Data Hub

OCTOBER 16, 2023

ML also provides the ability to closely monitor a campaign by checking open and clickthrough rates, among other metrics. Reinforcement learning uses ML to train models to identify and respond to cyberattacks and detect intrusions. Spotify uses ML models to generate its song recommendations. Many stock market transactions use ML.

Machine Learning 49

Machine Learning Marketing Forecasting Modeling 49

O'Reilly on Data

JANUARY 17, 2023

Building Models. A common task for a data scientist is to build a predictive model. You’ll try this with a few other algorithms, and their respective tuning parameters–maybe even break out TensorFlow to build a custom neural net along the way–and the winning model will be the one that heads to production.

Machine Learning 325

Machine Learning Predictive Modeling Software Modeling 325

Smarten

APRIL 19, 2024

OpenAI – Azure OpenAI as the foundational entity for creating GPT models and is based on Large Language Models (LLM). GPT – Is based on a Large Language Model (LLM). Benefits include customized and optimized models, data, parameters and tuning. Open AI was developed by Microsoft.

Analytics 57

Analytics Predictive Modeling KPI Machine Learning 57

DataRobot Blog

DECEMBER 15, 2022

Working from datasets you already have, a Time Series Forecasting model can help you better understand seasonality and cyclical behavior and make future-facing decisions, such as reducing inventory or staff planning. Calendars can also help you understand seasonality and incorporate it into the forecast model.

Forecasting 81

Forecasting Modeling ROI Machine Learning 81

CIO Business Intelligence

MARCH 5, 2024

CIOs and IT leaders are at the center and must decide what copilots to test, who should receive access, and whether experiments are delivering business value. Today, top AI-assistant capabilities delivering results include generating code, test cases, and documentation. Generative AI, IT Strategy

Cost-Benefit 123

Cost-Benefit Advertising Experimentation Software 123

Domino Data Lab

APRIL 21, 2021

We’ll use a gradient boosting technique via XGBoost to create a model and I’ll walk you through steps you can take to avoid overfitting and build a model that is fit for purpose and ready for production. from sklearn import metrics. This is to prevent any information leakage into our test set.

Statistics 69

Statistics Machine Learning Modeling Metrics 69

Domino Data Lab

AUGUST 22, 2019

The excerpt covers how to create word vectors and utilize them as an input into a deep learning model. While the field of computational linguistics, or Natural Language Processing (NLP), has been around for decades, the increased interest in and use of deep learning models has also propelled applications of NLP forward within industry.

Deep Learning 111

Deep Learning Modeling Metrics Testing 111

DataRobot Blog

DECEMBER 1, 2022

Ingest your data and DataRobot will use all these data points to train a model—and once it is deployed, your marketing team will be able to get a prediction to know if a customer is likely to redeem a coupon or not and why. Training and Testing Different AI Models. Automate Feature Engineering.

Machine Learning 52

Machine Learning Marketing Modeling Statistics 52

CIO Business Intelligence

AUGUST 15, 2023

Shamim Mohammad, CIO, CarMax CarMax That volume created a Sisyphean task for the company’s content writers, as they struggled to provide up-to-date information by make, model, and year for each vehicle in the company’s constantly changing inventory. And it yields multiple business metric improvements, such as limiting surplus inventory.

IT 98

IT Manufacturing IoT Cost-Benefit 98

DataKitchen

JANUARY 17, 2022

Testing and validating analytics took as long or longer than creating the analytics. The business analysts creating analytics use the process hub to calculate metrics, segment/filter lists, perform predictive modeling, “what if” analysis and other experimentation. Requirements continually change. Data is not static.

Experimentation 130

Experimentation Data Lake Marketing Predictive Modeling 130

DataRobot Blog

JANUARY 10, 2023

Most, if not all, machine learning (ML) models in production today were born in notebooks before they were put into production. In the image above, we have imported the DataRobot Python client and kickstarted model training using Autopilot, the DataRobot automated machine learning capability. Did you notice?

Experimentation 52

Experimentation Machine Learning Data Science Modeling 52

Sisense

SEPTEMBER 25, 2020

Interpreting better results: Statistical techniques allow users to make predictions for unseen data, more easily improving the accuracy of output and results. Applying appropriate machine learning (ML) models: Different ML techniques are better suited for different types of problems. Actual Predicted 23.1 24.369364 32.2

Statistics 98

Statistics Predictive Modeling Modeling Machine Learning 98

Occam's Razor

NOVEMBER 17, 2008

There is a tendency to think experimentation and testing is optional. Just don't fall for their bashing of all other vendors or their silly claims, false, of "superiority" in terms of running 19 billion combinations of tests or the bonus feature of helping you into your underwear each morning. And I meant every word of it.

Testing 112

Testing Experimentation Risk Optimization 112

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

Others argue that there will still be a unique role for the data scientist to deal with ambiguous objectives, messy data, and knowing the limits of any given model. Nor can we learn prediction intervals across a large set of parallel time series, since we are trying to generate intervals for a single global time series.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

Insight

FEBRUARY 19, 2020

Arthur de Vany’s Hollywood Economics and Kaggle’s recent box office prediction challenge ) and current attempts are using increasingly sophisticated techniques. I held out 20% of this as a test set and used the remainder for training and validation. Scatterplot of the predicted ROI vs. the true ROI for the hold-out test set.

Risk 67

Risk ROI Modeling Metrics 67

IBM Big Data Hub

JULY 5, 2023

It allows the company to run tests and predict performance based on simulations. With a good digital twin, it’s possible to predict how an asset will perform under certain conditions and what it’s projected lifespan will be. A digital twin is a virtual representation of an asset that a company intends to purchase.

Strategy 55

Strategy Management IoT Cost-Benefit 55

Domino Data Lab

OCTOBER 23, 2019

This chapter will explore the numbers behind the numbers using ML and then creating an API to serve out the ML model. This means covering details like setting up your environment, deployment, and monitoring, in addition to creating models on clean data. You can add a Makefile command test that will run all of your notebooks by issuing.

Statistics 59

Statistics Machine Learning Testing Modeling 59

Occam's Razor

JANUARY 7, 2019

Does swapping out male model posters for cute animals triple sales? Throw away your custom attribution model. From the tens of hours saved per week, figure out how to feed offline data into your data driven attribution model. There is too much goodness in modeling that you are not taking advantage of.

Marketing Analytics 88

Marketing Analytics Marketing Analytics Strategy 88

Smarten

JUNE 29, 2018

Given a set of transactions, this process aims to find the rules that enable us to predict the occurrence of a specific item based on the occurrence of other items in the transaction. While there are numerous metrics and factors used in this technique, for this example, we will only consider two factors namely, Support and Confidence.

Business Analysis 40

Business Analysis IT Business Intelligence Sales 40

Domino Data Lab

AUGUST 1, 2021

In this article we cover explainability for black-box models and show how to use different methods from the Skater framework to provide insights into the inner workings of a simple credit scoring neural network model. The interest in interpretation of machine learning has been rapidly accelerating in the last decade. See Ribeiro et al.

Modeling 139

Modeling Deep Learning Machine Learning Knowledge Discovery 139

datapine

JANUARY 31, 2022

Everything is being tested, and then the campaigns that succeed get more money put into them, while the others aren’t repeated. This methodology of “test, look at the data, adjust” is at the heart and soul of business intelligence. 5) Find improvement opportunities through predictions.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

Occam's Razor

NOVEMBER 18, 2014

Short story #2: Predictive Modeling, Quantifying Cost of Inaction. You can hover over each box to get a sense of the key metrics. Short story #2: Predictive Modeling, Quantifying Cost of Inaction. At that time these countries had models to predict what was the cost in human lives from inaction.

Visualization 143

Visualization Slice and Dice Predictive Modeling Metrics 143