Domino Data Lab

AUGUST 6, 2021

With a framework and Enterprise MLOps, organizations can manage data science at scale and realize the benefits of Model Risk Management that are received by a wide range of industry verticals. It was first defined by the US Federal Reserve and Office of the Comptroller of the Currency ( SR 11-7 ) in April 2011. What Is Model Risk?

Risk Management 64

Risk Management Risk Modeling Enterprise 64

Occam's Razor

JUNE 4, 2018

Present a yummy spreadsheet that quantifies the cost of inaction , how much money you’ll lose by not delivering a 25% improvement every week. Yet, this incredible benefit was not a part of YouTube TV’s merchandizing strategy from day one. Checkout the Kimbao Sauvignon Blanc you can see sales and would buy it again rates since 2011.

Strategy 124

Strategy Cost-Benefit Testing Sales 124

Domino Data Lab

AUGUST 22, 2019

During their data preprocessing steps, Maas and his coworkers decided to leave in stop words because they are “indicative of sentiment.” [Note: In more technical machine learning terms, the cost function of the skip-gram architecture is to maximize the log probability of any possible context word from a corpus given the current target word.]

Deep Learning 111

Deep Learning Modeling Metrics Testing 111

The Unofficial Google Data Science Blog

OCTOBER 12, 2017

Yet when we use these tools to explore data and look for anomalies or interesting features, we are implicitly formulating and testing hypotheses after we have observed the outcomes. We must correct for multiple hypothesis tests. Make experimentation cheap and understand the cost of bad decisions.

Experimentation 61

Experimentation Testing Statistics Metrics 61

Occam's Razor

NOVEMBER 2, 2015

The benefits are numerous. Higher Order Bits: Human vs. Business, Success KPIs, S-T-D-C Framework, MoR Test. In my Oct 2011 post, Best Social Media Metrics , I'd created four metrics to quantify this value. Economic Value (EcV) is the value of short and long-term revenue and cost savings. Facebook for Businesses.

B2B 167

B2B Metrics Testing Recreation/Entertainment 167