article thumbnail

How Big Data Impacts The Finance And Banking Industries

Smart Data Collective

Financial institutions such as banks have to adhere to such a practice, especially when laying the foundation for back-test trading strategies. A 2013 survey conducted by the IBM’s Institute of Business Value and the University of Oxford showed that 71% of the financial service firms had already adopted analytics and big data.

Big Data 141
article thumbnail

Towards optimal experimentation in online systems

The Unofficial Google Data Science Blog

If the relationship of $X$ to $Y$ can be approximated as quadratic (or any polynomial), the objective and constraints as linear in $Y$, then there is a way to express the optimization as a quadratically constrained quadratic program (QCQP). However, joint optimization is possible by increasing both $x_1$ and $x_2$ at the same time.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

10 Big Data Examples Showing The Great Value of Smart Analytics In Real Life At Restaurants, Bars, and Casinos

datapine

In 2017 the company wanted to take its shopping experience one step further by creating an augmented reality app that allowed users to test a product without having to leave their homes. In 2013, they took a slight risk and introduced a veggie smoothie to their previously fruit-only smoothie menu. 3) Self-serve Beer And Big Data.

Big Data 244
article thumbnail

Data Drift Detection for Image Classifiers

Domino Data Lab

Step 4: Generate the test, train and noisy MNIST data sets. Generate the train and test sets (x_train, _), (x_test, _) = mnist.load_data() x_train = x_train.astype('float32') / 255. A Survey on Concept Drift Adaptation” ACM Computing Survey Volume 1 , Article 1 (January 2013). x_test = x_test.astype('float32') / 255.

article thumbnail

Dresner’s Point: Are You Ready for the Mobile BI Diamond?

Howard Dresner

Before the perfect storm, our tweetchat tribe (comprised of customers, vendors and consultants/analysts) were of the opinion that the growing “app” mentality for “cool stuff” among consumers and the easy-to-consume info in mobile apps could end up increasing trust and thus lead to less testing and faster releases.

article thumbnail

How Wallapop improved performance of analytics workloads with Amazon Redshift Serverless and data sharing

AWS Big Data

Wallapop’s initial data architecture platform Wallapop is a Spanish ecommerce marketplace company focused on second-hand items, founded in 2013. Since its creation in 2013, it has reached more than 40 million downloads and more than 700 million products have been listed. The marketplace can be accessed via mobile app or website.

article thumbnail

It's Not The Ink, It's The Think: 6 Effective Data Visualization Strategies

Occam's Razor

It also forces a lot less think than might be optimal. Everything seems sub-optimal. Yes, text can be optimized. In our case, every table, every slide that comes from a piece of data, has to pass the so what test. Let's look at this real data for a fictitious company… This is slide one… Ok.