article thumbnail

Belcorp reimagines R&D with AI

CIO Business Intelligence

These circumstances have induced uncertainty across our entire business value chain,” says Venkat Gopalan, chief digital, data and technology officer, Belcorp. “As That, in turn, led to a slew of manual processes to make descriptive analysis of the test results. This allowed us to derive insights more easily.”

article thumbnail

Big Data: The Technology Behind Retailers Success

Smart Data Collective

Data-based insights can help make the right decisions, keep up with market trends and navigate the uncertainty. Retailers can conduct A/B testing to find out which prices work the best. This global coffee brand has increased its revenue by 26% from 2016 to 2019. Big data is a not new concept, and it has been around for a while.

Big Data 124
Insiders

Sign Up for our Newsletter

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

article thumbnail

Simulation for better decision making

Cloudera

Derman (2016), Cesa (2017) & Bouchard (2018)). Blog Post, Nov-2016. Probability, Uncertainty and Quantitative Risk (2017) 2:6. These examples are well covered by many others (e.g., A Stylized History of Quantitative Finance”. Jean-Phillipe Bouchard, J. Connier & M. Mauro Cesa. “A Additional resources.

article thumbnail

My 10-step path to becoming a remote data scientist with Automattic

Data Science and Beyond

As I haven’t heard anything from Automattic at that stage, it seemed unwise to reject a good offer, so I started working full-time with Car Next Door in January 2016. I finally heard back from Automattic in February 2016 (four months after my initial application and a month into my employment with Car Next Door).

article thumbnail

Towards optimal experimentation in online systems

The Unofficial Google Data Science Blog

Crucially, it takes into account the uncertainty inherent in our experiments. Multiparameter experiments, however, generate richer data than standard A/B tests, and automated t-tests alone are insufficient to analyze them well. In this section we’ll discuss how we approach these two kinds of uncertainty with QCQP.

article thumbnail

Global Banking & Finance Review: What Story Does the Office of the CFO Need to Tell Now?

Jet Global

In the last few months, this level of thinking has been tested more than ever before. And that’s the last thing you want during in periods of uncertainty where things are changing on a daily basis. Furthermore, a 20 18 McKinsey survey said that the number of functions reporting to CFOs has risen from four to six since 2016.

Finance 64
article thumbnail

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

O'Reilly on Data

Because of this trifecta of errors, we need dynamic models that quantify the uncertainty inherent in our financial estimates and predictions. Practitioners in all social sciences, especially financial economics, use confidence intervals to quantify the uncertainty in their estimates and predictions. Image Source: Wikimedia Commons.