Remove Big Data Remove Metrics Remove Statistics Remove Uncertainty
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Three Emerging Analytics Products Derived from Value-driven Data Innovation and Insights Discovery in the Enterprise

Rocket-Powered Data Science

I recently saw an informal online survey that asked users which types of data (tabular, text, images, or “other”) are being used in their organization’s analytics applications. This was not a scientific or statistically robust survey, so the results are not necessarily reliable, but they are interesting and provocative.

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The Lean Analytics Cycle: Metrics > Hypothesis > Experiment > Act

Occam's Razor

To win in business you need to follow this process: Metrics > Hypothesis > Experiment > Act. We are far too enamored with data collection and reporting the standard metrics we love because others love them because someone else said they were nice so many years ago. That metric is tied to a KPI.

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Variance and significance in large-scale online services

The Unofficial Google Data Science Blog

Unlike experimentation in some other areas, LSOS experiments present a surprising challenge to statisticians — even though we operate in the realm of “big data”, the statistical uncertainty in our experiments can be substantial. We must therefore maintain statistical rigor in quantifying experimental uncertainty.

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Data Science, Past & Future

Domino Data Lab

He was saying this doesn’t belong just in statistics. He also really informed a lot of the early thinking about data visualization. It involved a lot of interesting work on something new that was data management. To some extent, academia still struggles a lot with how to stick data science into some sort of discipline.

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Fact-based Decision-making

Peter James Thomas

Again see Using BI to drive improvements in data quality for further details. Pertinence and fidelity of metrics developed from Data. Here we get past issues with data itself (or how it is handled and moved around) and instead consider how it is used. There are often compromises to be made in defining metrics.

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Product Management for AI

Domino Data Lab

Companies with successful ML projects are often companies that already have an experimental culture in place as well as analytics that enable them to learn from data. Ensure that product managers work on projects that matter to the business and/or are aligned to strategic company metrics. Now many people are using Spark.

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LSOS experiments: how I learned to stop worrying and love the variability

The Unofficial Google Data Science Blog

In this post we explore why some standard statistical techniques to reduce variance are often ineffective in this “data-rich, information-poor” realm. Despite a very large number of experimental units, the experiments conducted by LSOS cannot presume statistical significance of all effects they deem practically significant.