Remove Data Collection Remove Experimentation Remove Optimization Remove Statistics
article thumbnail

Bringing an AI Product to Market

O'Reilly on Data

Without clarity in metrics, it’s impossible to do meaningful experimentation. AI PMs must ensure that experimentation occurs during three phases of the product lifecycle: Phase 1: Concept During the concept phase, it’s important to determine if it’s even possible for an AI product “ intervention ” to move an upstream business metric.

Marketing 362
article thumbnail

What is a data scientist? A key data analytics role and a lucrative career

CIO Business Intelligence

As such, a data scientist must have enough business domain expertise to translate company or departmental goals into data-based deliverables such as prediction engines, pattern detection analysis, optimization algorithms, and the like. Get the latest insights by signing up for our newsletters. ]

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

What you need to know about product management for AI

O'Reilly on Data

All you need to know for now is that machine learning uses statistical techniques to give computer systems the ability to “learn” by being trained on existing data. After training, the system can make predictions (or deliver other results) based on data it hasn’t seen before. Machine learning adds uncertainty.

article thumbnail

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

Occam's Razor

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. Sometimes, we escape the clutches of this sub optimal existence and do pick good metrics or engage in simple A/B testing. Online, offline or nonline.

Metrics 156
article thumbnail

Understanding Causal Inference

Domino Data Lab

This article covers causal relationships and includes a chapter excerpt from the book Machine Learning in Production: Developing and Optimizing Data Science Workflows and Applications by Andrew Kelleher and Adam Kelleher. You saw in the previous chapter that conditioning can break statistical dependence. Introduction.

article thumbnail

Web Analytics: An Hour A Day

Occam's Razor

Experimentation & Testing (A/B, Multivariate, you name it). What's the optimal organization structure (and who should own web analytics!)? Benchmarking (exactly how you can do it), impactful actionable executive dashboards (what they should contain), creating a data driven organization. Qualitative and quantitative.

article thumbnail

Backtesting index rebalancing arbitrage with Amazon EMR and Apache Iceberg

AWS Big Data

Backtesting is a process used in quantitative finance to evaluate trading strategies using historical data. This helps traders determine the potential profitability of a strategy and identify any risks associated with it, enabling them to optimize it for better performance. Sell 1 (PVH, PVH) 2022-09-06 18321.729571 55.15