Smart Data Collective

AUGUST 21, 2019

A 2015 paper by the World Economic Forum showed that big data might just be a fad. Companies like Endor understand the risks and develop data science models that account for them. Risks of using a poorly conceived data strategy. Here are some risks that companies face by overleveraging their big data strategies.

Data Science 67

Data Science Big Data Data Strategy Risk 67

BizAcuity

MARCH 25, 2019

For event industry, there is a need for their operating systems to store historical data and unless they store this data, the event management company will not be able to measure or understand the revenue analytics trends. billion in 2015 to $21.92 Without this information, revenue analytics are worthless.

Analytics 74

Analytics Dashboards Sales Marketing 74

Rita Sallam

APRIL 2, 2023

Are there mitigation strategies that show reasons for optimism? For the vendors that participate in the Bake-Off and Show Floor Showdowns, it is in equal measure fun and extremely stressful. Qlik Key Findings: In the US alone, there’s $367 billion in agricultural commodities at risk to flooding in the US alone.

Optimization 52

Optimization Machine Learning Insurance Risk 52

Occam's Razor

JANUARY 31, 2017

Ten years, and the 944,357 words, are proof that I love purposeful data, collecting it, pouring smart strategies into analyzing it, and using the insights identified to transform organizations. I'm doing it to have the ability to simplify things, and take risks. simplification and 2. pressing the right emotional buttons.

Visualization 148

Visualization IT Strategy Key Performance Indicator 148

datapine

MARCH 31, 2022

This all-encompassing branch of online data analysis is a particularly interesting field because its roots are firmly planted in two separate areas: business strategy and computer science. The Bureau of Labor Statistics also states that in 2015, the annual median salary for BI analysts was $81,320. BI Data Scientist.

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239

Occam's Razor

JANUARY 9, 2012

A huge part of the last few years for me have been about bringing more data, better strategies, more powerful tools, ever more impactful keynotes to people around the world. Most companies are astonishingly blasé about data and possibilities of measurement. " Sad, unimaginative measurements of their sad, unimaginative campaigns.

Marketing 140

Marketing B2B Measurement Risk 140

The Unofficial Google Data Science Blog

APRIL 23, 2024

the weight given to Likes in our video recommendation algorithm) while $Y$ is a vector of outcome measures such as different metrics of user experience (e.g., Taking measurements at parameter settings further from control parameter settings leads to a lower variance estimate of the slope of the line relating the metric to the parameter.

Experimentation 52

Experimentation Optimization Uncertainty Metrics 52

The Unofficial Google Data Science Blog

JULY 22, 2020

by ALEXANDER WAKIM Ramp-up and multi-armed bandits (MAB) are common strategies in online controlled experiments (OCE). These strategies involve changing assignment weights during an experiment. The first is a strategy called ramp-up and is advised by many experts in the field [1].

Experimentation 95

Experimentation Statistics Testing Strategy 95

Andrew White

JANUARY 9, 2022

First, how we measure emissions and carbon footprint is about data design and policy. In other words, D&A plays a key role in the foundational measuring angle. To drive a successful Data Analytics strategy do you think it is a multidisciplinary activity and if so, what additional roles would you expect to see involved.

Analytics 64

Analytics Measurement Modeling Data-driven 64

The Unofficial Google Data Science Blog

JUNE 30, 2016

A naïve comparison of the exposed and unexposed groups would produce an overly optimistic measurement of the effect of the ad, since the exposed group has a higher baseline likelihood of purchasing a pickup truck. Demystifying double robustness: A comparison of alternative strategies for estimating a population mean from incomplete data."

Statistics 44

Statistics Optimization Modeling Experimentation 44

O'Reilly on Data

DECEMBER 9, 2019

The probability of an event should be measured empirically by repeating similar experiments ad nauseam —either in reality or hypothetically. Statisticians who believe that probability is a natural property of an event and is measured empirically as a long-run relative frequency are called frequentists. on average. and an error term ??

Statistics 27

Statistics Uncertainty Risk Marketing 27

Insight

DECEMBER 30, 2019

LeNet-5: A classic CNN architecture Since LeNet-5, there have been many different CNN architectures developed over the years, such as AlexNet (2012), GoogLeNet (2014), VGGNet (2014), and ResNet (2015). a circuit) and you measure the output signal, f(t) , given an exceedingly narrow input pulse (approximated as a Dirac delta function).

Visualization 72

Visualization Modeling Machine Learning IT 72

CIO Business Intelligence

JULY 6, 2023

Spreading the news Telecom provider AT&T began trialing RPA in 2015 to decrease the number of repetitive tasks, such as order entry, for its service delivery group. Another benefit is greater risk management. Scaling automation shifts from tactical one-off efforts to a strategy to improve one or more business processes,” she says.

Cost-Benefit 119

Cost-Benefit Technology Unstructured Data Testing 119

Ontotext

FEBRUARY 2, 2021

Attempts to manipulate share prices by using social media to spread false or misleading information about stocks lead to the SEC’s Investor Alert of 2015, warning institutional investors about the possible impact of social media. This is a contradictory tactic that might be considered a legitimate investment strategy or market manipulation.

Marketing 59

Marketing Measurement Cost-Benefit Risk 59

CIO Business Intelligence

APRIL 12, 2022

Even though Nvidia’s $40 billion bid to shake up enterprise computing by acquiring chip designer ARM has fallen apart, the merger and acquisition (M&A) boom of 2021 looks set to continue in 2022, perhaps matching the peaks of 2015, according to a report from risk management advisor Willis Towers Watson.

Technology 143

Technology Enterprise Consulting Software 143

O'Reilly on Data

JUNE 16, 2020

We know, statistically, that doubling down on an 11 is a good (and common) strategy in blackjack. The quality of the decision is based on known information and an informed risk assessment, while chance involves hidden information and the stochasticity of the world. Risk, Probability, Impact, and Decisions.

Uncertainty 275

Uncertainty Testing Risk Reporting 275