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Statistical Modelling vs Machine Learning

KDnuggets

At times it may seem Machine Learning can be done these days without a sound statistical background but those people are not really understanding the different nuances. Code written to make it easier does not negate the need for an in-depth understanding of the problem.

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How to build a decision tree model in IBM Db2

IBM Big Data Hub

After developing a machine learning model, you need a place to run your model and serve predictions. If your company is in the early stage of its AI journey or has budget constraints, you may struggle to find a deployment system for your model. Also, a column in the dataset indicates if each flight had arrived on time or late.

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Why you should care about debugging machine learning models

O'Reilly on Data

Not least is the broadening realization that ML models can fail. And that’s why model debugging, the art and science of understanding and fixing problems in ML models, is so critical to the future of ML. Because all ML models make mistakes, everyone who cares about ML should also care about model debugging. [1]

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Top 6 Data Analytics Tools in 2019

FineReport

First, data processing, data cleaning, and then data modeling, finally data visualization that uses presentation of charts to identify problems and influence decision-making. The advantage of Power BI lies in its business model and data analysis capabilities. 1) Professional statistical analysis. 2) Power BI.

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What is business analytics? Using data to improve business outcomes

CIO Business Intelligence

Business analytics is the practical application of statistical analysis and technologies on business data to identify and anticipate trends and predict business outcomes. Data analytics is used across disciplines to find trends and solve problems using data mining , data cleansing, data transformation, data modeling, and more.

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Analytics Insights and Careers at the Speed of Data

Rocket-Powered Data Science

This article quotes an older market projection (from 2019) , which estimated “the global industrial IoT market could reach $14.2 Another dimension to this story, of course, is the Future of Work discussion, including creation of new job titles and roles, and the demise of older job titles and roles. trillion by 2030.”.

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Deciphering The Seldom Discussed Differences Between Data Mining and Data Science

Smart Data Collective

The Bureau of Labor Statistics estimates that the number of data scientists will increase from 32,700 to 37,700 between 2019 and 2029. Previously, such problems were dealt with by specialists in mathematics and statistics. Statistics, mathematics, linear algebra. Let’s check where you should start!