Smart Data Collective

MARCH 28, 2022

There are four main types of data analytics: Predictive data analytics: It is used to identify various trends, causation, and correlations. It can be further classified as statistical and predictive modeling, but the two are closely associated with each other. They can be again classified as random testing and optimization.

Data Analytics 83

Data Analytics Software Analytics Statistics 83

CIO Business Intelligence

FEBRUARY 13, 2023

The name references the Greek letter sigma, which is a statistical symbol that represents a standard deviation. Larger is Better involves a “lower specification limit,” such as test scores — where the target is 100%. At this stage, it’s important to establish performance baselines, future goals, and how performance will be measured.

Management 76

Management Statistics Manufacturing Measurement 76

FineReport

JUNE 29, 2023

Advanced levels of IoT analytics dashboards facilitate the identification of statistical trends, enabling the use of data for predictive failure analysis and extracting precise information and correlations from datasets. Generally, the primary objective of any IoT device in a connected environment is data collection.

IoT 52

IoT Dashboards Visualization Cost-Benefit 52

O'Reilly on Data

MARCH 31, 2020

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.

Management 332

Management Machine Learning Experimentation Metrics 332

Juice Analytics

MARCH 30, 2021

Data analyst —Data authors can’t create great art if they don’t like working with their materials. Data authors need to be comfortable with core statistical concepts and comfortable with manipulating data. Getting involved with deep data analysis can reveal the important messages and accurate ways to convey them.

Cost-Benefit 131

Cost-Benefit Statistics Metrics Dashboards 131

Rocket-Powered Data Science

SEPTEMBER 18, 2018

For the modern digital organization, the proof of any inference (that drives decisions) should be in the data! Rich and diverse data collections enable more accurate and trustworthy conclusions. In “big data language”, we are talking about one of the 3 V’s of big data: big data Variety!

Big Data 103

Big Data Data Science Measurement Data Collection 103

The Unofficial Google Data Science Blog

OCTOBER 31, 2016

By PATRICK RILEY For a number of years, I led the data science team for Google Search logs. We were often asked to make sense of confusing results, measure new phenomena from logged behavior, validate analyses done by others, and interpret metrics of user behavior. On the flip side, you sometimes have a small volume of data.

Metrics 107

Metrics Measurement Statistics Data Collection 107

datapine

FEBRUARY 9, 2024

4) How to Select Your KPIs 5) Avoid These KPI Mistakes 6) How To Choose A KPI Management Solution 7) KPI Management Examples Fact: 100% of statistics strategically placed at the top of blog posts are a direct result of people studying the dynamics of Key Performance Indicators, or KPIs. 3) What Are KPI Best Practices? What happens next?

KPI 221

KPI Management Key Performance Indicator Measurement 221

The Unofficial Google Data Science Blog

OCTOBER 12, 2017

1]" Statistics, as a discipline, was largely developed in a small data world. Data was expensive to gather, and therefore decisions to collect data were generally well-considered. As computing and storage have made data collection cheaper and easier, we now gather data without this underlying motivation.

Experimentation 61

Experimentation Testing Statistics Metrics 61

Domino Data Lab

MAY 8, 2019

The lens of reductionism and an overemphasis on engineering becomes an Achilles heel for data science work. Instead, consider a “full stack” tracing from the point of data collection all the way out through inference. measure the subjects’ ability to trust the models’ results. . – back to the structure of the dataset.

Machine Learning 105

Machine Learning Data Science Modeling Visualization 105

Domino Data Lab

OCTOBER 2, 2019

As data science work is experimental and probabilistic in nature, data scientists are often faced with making inferences. The case that might be familiar to you is an AB test. You can make a change to a product and test it against the original version of the product. A nice way to estimate this is to do a regression.

Machine Learning 68

Machine Learning Measurement Modeling Testing 68

Occam's Razor

APRIL 8, 2013

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. Testing out a new feature.

Metrics 156

Metrics KPI Analytics Key Performance Indicator 156

IBM Big Data Hub

AUGUST 11, 2023

Machine learning (ML), a subset of artificial intelligence (AI), is an important piece of data-driven innovation. Machine learning engineers take massive datasets and use statistical methods to create algorithms that are trained to find patterns and uncover key insights in data mining projects.

Data Science 56

Data Science Machine Learning Cost-Benefit Deep Learning 56

Insight

MARCH 12, 2020

In this article, I will discuss the construction of the AIgent, from data collection to model assembly. Data Collection The AIgent leverages book synopses and book metadata. The latter is any type of external data that has been attached to a book? On my test set, this approach resulted in~75–95% accuracy and ~.65

Modeling 59

Modeling Metadata Publishing Sales 59

Domino Data Lab

AUGUST 20, 2019

Real-world datasets can be missing values due to the difficulty of collecting complete datasets and because of errors in the data collection process. The problem is that a new unique identifier of a test example won’t be anywhere in the tree. We proceed as usual and see what happens with our training and testing errors.

Testing 68

Testing Modeling Interactive Measurement 68

Depict Data Studio

APRIL 16, 2019

Long ago, I had majored in psychology so I could take as many research methods and statistics courses as possible. And learning how we learn–the courses on cognition, memory, perception, and brain biology–are critical in my everyday work as a data visualization designer and speaker. Instead, directly label your data.

Visualization 56

Visualization Reporting Statistics Dashboards 56

Domino Data Lab

OCTOBER 23, 2019

As a result, there has been a recent explosion in individual statistics that try to measure a player’s impact. You can add a Makefile command test that will run all of your notebooks by issuing. test: py.test --nbval notebooks/*.ipynb. You can see what that would look like in a Makefile in the snippet below.

Statistics 59

Statistics Machine Learning Testing Modeling 59

Domino Data Lab

JUNE 23, 2019

As a result, Skomoroch advocates getting “designers and data scientists, machine learning folks together and using real data and prototyping and testing” as quickly as possible. These measurement-obsessed companies have an advantage when it comes to AI. It is similar to R&D. Transcript. Hi, I’m Peter Skomoroch.

Management 110

Management Machine Learning Experimentation Metrics 110

Alation

OCTOBER 12, 2022

Companies collect and analyze vast amounts of data to make informed business decisions. From product development to customer satisfaction, nearly every aspect of a business uses data and analytics to measure success and define strategies. Some examples of quantitative data include: Counts or units, stored as raw numbers.

Statistics 52

Statistics Sales Testing Marketing 52

The Unofficial Google Data Science Blog

SEPTEMBER 9, 2015

While use of Sawzall at Google is in decline today, we believe the lessons discussed here have survived the test of time and are employed by descendant systems used throughout Google. You declare one or more output tables in each program to accumulate statistics. Despite Sawzall's decline, these are still actively used today.

Data Science 56

Data Science Statistics Testing Metadata 56

Occam's Razor

JUNE 6, 2007

Experimentation & Testing (A/B, Multivariate, you name it). What ideas to test first on your site? If you have no experience with Web Analytics then you'll learn what it is and the nitty gritty of data collection and core metrics such as Visits and Time on Site and Bounce Rate and Top Destinations etc.

Analytics 60

Analytics Metrics Marketing Dashboards 60

O'Reilly on Data

OCTOBER 18, 2022

We also tend to use standards from US nondiscrimination law and the NIST SP1270 guidance to fill in any gaps around bias measurement or specific LLM concerns. While there are many interesting and useful benchmark datasets for testing bias in natural language processing, none provided these types of exhaustive demographic labels.

Risk Management 291

Risk Management Risk Testing Measurement 291

Jet Global

MAY 15, 2020

A financial Key Performance Indicator (KPI) or metric is a quantifiable measure that a company uses to gauge its financial performance over time. Under modern day reporting standards, companies are formally obligated to present their financial data in the following statements: balance sheet, income statement, and cash flow statement.

Metrics 98

Metrics Finance Reporting KPI 98

datapine

APRIL 11, 2019

Download our 10-step checklist and see how to tell the best data story. Rather than listing facts, figures, and statistics alone, people used gripping, imaginative timelines, bestowing raw data with real context and interpretation. Don’t be afraid to experiment with different approaches to storytelling with data.

Dashboards 169

Dashboards Visualization Data-driven Key Performance Indicator 169

datapine

AUGUST 29, 2022

Most people are aware that companies collect our GPS locale, text messages, credit card purchases, social media posts, Google search history, etc., and this book will give you an insight into their data collecting procedures and the reasons behind them. is one of the greatest on the market.

Big Data 263

Big Data Data Analytics Analytics Data mining 263

Occam's Razor

MARCH 23, 2010

Part of it is fueled by a vocal minority genuinely upset that 10 years on we are still not a statistically powered bunch doing complicated analysis that is shifting paradigms. Having two tools guarantees you are going to be data collection, data processing and data reconciliation organization. Usually for free.

Analytics 118

Analytics Consulting Metrics Experimentation 118

datapine

DECEMBER 28, 2021

1) What Is A Misleading Statistic? 2) Are Statistics Reliable? 3) Misleading Statistics Examples In Real Life. 4) How Can Statistics Be Misleading. 5) How To Avoid & Identify The Misuse Of Statistics? If all this is true, what is the problem with statistics? What Is A Misleading Statistic?

Statistics 363

Statistics Advertising Visualization Data mining 363

DataKitchen

JUNE 24, 2021

So we really prioritized the data that we thought had the biggest chance of delivering success in the end. Chapin also mentioned that measuring cycle time and benchmarking metrics upfront was absolutely critical. “It DataOps Enables Your Data Mesh or Data Fabric. Design for measurability.

ROI 211

ROI Metrics Measurement Cost-Benefit 211

datapine

APRIL 16, 2019

By implementing the right reporting tools and understanding how to analyze as well as to measure your data accurately, you will be able to make the kind of data driven decisions that will drive your business forward. What Is Data Driven Decision Making? Quantitative data analysis focuses on numbers and statistics.

Data-driven 287

Data-driven Dashboards Visualization Cost-Benefit 287

DataKitchen

JANUARY 23, 2023

DataOps Observability includes monitoring and testing the data pipeline, data quality, data testing, and alerting. Data testing is an essential aspect of DataOps Observability; it helps to ensure that data is accurate, complete, and consistent with its specifications, documentation, and end-user requirements.

Testing 130

Testing Data Governance Data Quality Data-driven 130

Jet Global

MAY 1, 2023

Manage compliance through up-to-the-minute performance measures, workflow automation, and essential regulatory reports. Let’s just give our customers access to the data. You’ve settled for becoming a data collection tool rather than adding value to your product. Use the experts in analytics to add value to your product.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52

O'Reilly on Data

JUNE 16, 2020

We know, statistically, that doubling down on an 11 is a good (and common) strategy in blackjack. I recalled this mindful use of language when I recently had a COVID-19 test and the doctor reported “the test did not detect the presence of COVID-19,” instead of “the test came back negative.” Mike: But I lost!

Uncertainty 275

Uncertainty Testing Risk Reporting 275