Remove Cost-Benefit Remove Experimentation Remove Statistics Remove Uncertainty
article thumbnail

Uncertainties: Statistical, Representational, Interventional

The Unofficial Google Data Science Blog

by AMIR NAJMI & MUKUND SUNDARARAJAN Data science is about decision making under uncertainty. Some of that uncertainty is the result of statistical inference, i.e., using a finite sample of observations for estimation. But there are other kinds of uncertainty, at least as important, that are not statistical in nature.

article thumbnail

13 IT resolutions for 2024

CIO Business Intelligence

CIOs are readying for another demanding year, anticipating that artificial intelligence, economic uncertainty, business demands, and expectations for ever-increasing levels of speed will all be in play for 2024. What benefit does AI serve to that department? But at the end of the day, it boils down to statistics.

IT 144
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

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 To address the challenges, the company has leveraged a combination of computer vision, neural networks, NLP, and fuzzy logic.

article thumbnail

Getting ready for artificial general intelligence with examples

IBM Big Data Hub

LLMs like ChatGPT are trained on massive amounts of text data, allowing them to recognize patterns and statistical relationships within language. While cost wasn’t the primary driver, it reflects a growing belief that the value generated by gen AI outweighs the price tag.

article thumbnail

Product Management for AI

Domino Data Lab

Skomoroch proposes that managing ML projects are challenging for organizations because shipping ML projects requires an experimental culture that fundamentally changes how many companies approach building and shipping software. Yet, this challenge is not insurmountable. for what is and isn’t possible) to address these challenges.

article thumbnail

Data scientist as scientist

The Unofficial Google Data Science Blog

It is important to make clear distinctions among each of these, and to advance the state of knowledge through concerted observation, modeling and experimentation. Worse, the community may act on these ambiguous explanations, incurring real costs. Note also that this account does not involve ambiguity due to statistical uncertainty.