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How Data Ethics Supports Governance & Monetisation

Alation

I recently led an online session, Data Monetisation and Governance , looking at the evolution of data governance , defining data ethics (from the Turing Institute ), and touching on the balancing act between using data to monetise (by increasing revenue, decreasing spend, or mitigating risk) and meeting ethical obligations. In Conclusion.

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Full Steam Ahead: CIO Kopal Raj of WABTEC on staying ‘on-track’ with AI, IoT and sustainability goals

CIO Business Intelligence

Our products are sometimes tested for a year before being launched in the field. For instance, some software developers still use Windows 2007 servers, which are completely end-of-life, and don’t have the necessary security patches. Much of the digitization in the manufacturing segment is related to the execution systems.

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Misleading Statistics Examples – Discover The Potential For Misuse of Statistics & Data In The Digital Age

datapine

To make sure the reliability is high, there are various techniques to perform – the first of them being the control tests, which should have similar results when reproducing an experiment in similar conditions. Drinking tea increases diabetes by 50%, and baldness raises the cardiovascular disease risk up to 70%! They sure can.

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Changing assignment weights with time-based confounders

The Unofficial Google Data Science Blog

One reason to do ramp-up is to mitigate the risk of never before seen arms. A ramp-up strategy may mitigate the risk of upsetting the site’s loyal users who perhaps have strong preferences for the current statistics that are shown. For example, imagine a fantasy football site is considering displaying advanced player statistics.

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Towards optimal experimentation in online systems

The Unofficial Google Data Science Blog

Multiparameter experiments, however, generate richer data than standard A/B tests, and automated t-tests alone are insufficient to analyze them well. Utility or risk for us is close to a step function: it is important to find some improvement, and less important to make that improvement as big as possible right away.

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To Balance or Not to Balance?

The Unofficial Google Data Science Blog

A naïve way to solve this problem would be to compare the proportion of buyers between the exposed and unexposed groups, using a simple test for equality of means. 2007): Propose a finite collection $mathcal L={hat e_k:k=1,ldots,K}$ of estimation algorithms. This fact is well documented by Kang & Schafer (2007).

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The trinity of errors in applying confidence intervals: An exploration using Statsmodels

O'Reilly on Data

We use the diagnostic test results of our regression model to support the reasons why CIs should not be used in financial data analyses. Modern portfolio theory assumes that rational, risk-averse investors demand a risk premium, a return in excess of a risk-free asset such as a treasury bill, for investing in risky assets such as equities.