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Rising Tide Rents and Robber Baron Rents

O'Reilly on Data

But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. Back in 1971, in a talk called “ Designing Organizations for an Information-rich World ,” political scientist Herbert Simon noted that the cost of information is not just money spent to acquire it but the time it takes to consume it. “In

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Leveraging generative AI on AWS to transform life sciences

IBM Big Data Hub

The exponential leap in generative AI is already transforming many industries: optimizing workflows , helping human teams focus on value added tasks and accelerating time to market. Supply Chain: Demand forecasting, supply chain optimization, risk assessment and mitigation.

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iGaming Providers Turn To New Data Technology For Payment Solutions

Smart Data Collective

Industry data shows that the real money betting and gambling sector was worth around $417 billion in 2012. This is why gaming providers use big data to deliver the following benefits: Today players expect to be able to play their games on several devices without degrading the quality of their games, regardless of the devices they are using.

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Global Multichannel Consumer Behaviour (Research/Purchase) Analysis

Occam's Razor

My goal is to get them excited about creating an amazing digital acquisition strategy that delivers noteworthy experiences through their owned digital platforms, and which ultimately delivers bigger profits (usually offline, but online as well). But they are just scratching the surface of what's possible. " Summary: Just do it.

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To Balance or Not to Balance?

The Unofficial Google Data Science Blog

Other estimators, such as those based on matching and subclassification, may benefit from the balancing property, but the discussion of those estimators is postponed to a later post. It should be noted that inverse probability weighting is not generally optimal (i.e., Unfortunately, randomization is not possible in many situations.

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Structural Evolutions in Data

O'Reilly on Data

.” Consider the structural evolutions of that theme: Stage 1: Hadoop and Big Data By 2008, many companies found themselves at the intersection of “a steep increase in online activity” and “a sharp decline in costs for storage and computing.” And harder to sell a data-related product unless it spoke to Hadoop.

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Build streaming data pipelines with Amazon MSK Serverless and IAM authentication

AWS Big Data

It’s appreciated for its user-friendly approach, ability to scale automatically, and cost-saving benefits over other Kafka solutions. Another benefit of using IAM is that you can use IAM for both authentication and authorization. Before we delve into those, it’s important to understand what SASL/SCRAM authentication is.

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