December, 2017

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Business Analysts & The Anchor Effect

BA Learnings

I’ve always been intrigued by the concept of cognitive bias for the simple reason that it exposes the flaws in one’s thinking and ability to make sound decisions. Every analyst, and in fact everyone, stands to benefit from understanding what cognitive biases are so they can be kept to a minimum or spotted when interacting with others. This piece discusses the anchor effect, how it is used to gain or lose advantage (consciously or unconsciously), and how its effects can be mitigated when dealing

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Virtually Celebrate New Year’s Eve in Every Timezone with the ‘VRChat’ Community

IBM Big Data Hub

Ever wished you could jet set around the world fast enough to ring in the New Year at a party in every timezone? Well that might not be quite possible, but VRChat is offering something close. VRChat , a social VR experience supporting major PC VR headsets via Steam , is celebrating New Year’s Eve virtually in every timezone, every hour, on the hour.

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The Five Faces of the Analytics Dream Team

Darkhorse

The chasm between Business and IT is well documented and has existed since the first punch-card mainframe dimmed the lights of MIT to solve the ballistic trajectory of WWII munitions. Analytics and now Data Science are trapped in the middle. Everyone hopes they'll deliver the productivity gains, but the jury is still out. Some studies suggest that analytics projects have an 80% failure rate.

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5 Ways Big Data And AI Will Impact Life Sciences Firms In 2018

Bruno Aziza

As life science firms begin to actively mature their use of data, notable progress is being made in the efficiencies of drug development and the quality of insights produced at the research stage.

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Beyond the Basics of A/B Tests: Highly Innovative Experimentation Tactics You Need to Know

Speaker: Timothy Chan, PhD., Head of Data Science

Are you ready to move beyond the basics and take a deep dive into the cutting-edge techniques that are reshaping the landscape of experimentation? 🌐 From Sequential Testing to Multi-Armed Bandits, Switchback Experiments to Stratified Sampling, Timothy Chan, Data Science Lead, is here to unravel the mysteries of these powerful methodologies that are revolutionizing how we approach testing.

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New Book: Big Data, Big Dupe

Perceptual Edge

I’ve written a new book, titled Big Data, Big Dupe , which will be published on February 1, 2018. As the title suggests, it is an exposé on Big Data—one that is long overdue. To give you an idea of the content, here’s the text that will appear on the book’s back cover: Big Data, Big Dupe is a little book about a big bunch of nonsense. The story of David and Goliath inspires us to hope that something little, when armed with truth, can topple something big that is a lie.

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Uncover the Data ‘Nuggets’ with Smart Visualization

Smarten

Smart Data Visualization Helps Your Users to Gain Insight! Organizations that are currently considering and upgrade or a new business intelligence solution, should focus on advanced analytics capability that is simple enough for its business users to improve accountability and empowerment and cascade information throughout the organization to improve planning, results and competitive advantage.

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Top 10 IBM Big Data & Analytics Hub podcasts of 2017

IBM Big Data Hub

It can be difficult to keep up with all the best podcast episodes during the year. That's why we've compiled the Top 10 podcasts of the year from the IBM Big Data & Analytics Hub Insights Podcast feed right here.

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The technology industry is under broad political attack

DMBS2

I apologize for posting a December downer, but this needs to be said. The technology industry is under attack: From politicians and political pundits … … especially from “populists” and/or the political right … … in the United States and other countries. These attacks: Are in some cases specific to internet companies such as Google and Facebook.

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Product Management Lessons From The Front Lines

Bruno Aziza

Often when we discuss product skills, we talk about frameworks, processes, and checklists. But the most effective tools to becoming a great product manager are not hard skills, but rather soft ones.

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Big data visualization techniques: a quick intro

ScienceSoft

Big data visualization techniques: habitual pie charts and line graphs or something special? We share our experience in a new blog post.

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From Developer Experience to Product Experience: How a Shared Focus Fuels Product Success

Speaker: Anne Steiner and David Laribee

As a concept, Developer Experience (DX) has gained significant attention in the tech industry. It emphasizes engineers’ efficiency and satisfaction during the product development process. As product managers, we need to understand how a good DX can contribute not only to the well-being of our development teams but also to the broader objectives of product success and customer satisfaction.

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Predictive Analytics Can Guide the Organization to Success

Smarten

Plug n’ Play Predictive Analysis for Accurate Forecasting! There are numerous considerations when a business looks at upgrading or acquiring an analytical solution. One very important capability is Put n’ Play predictive analysis. Assisted Predictive Modeling and predictive analysis tools should include sophisticated functionality in a simple environment that is easy for every business user.

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2017: 5 Most Popular Business Analyst Learnings Posts

BA Learnings

Dear BAL readers, Welcome to another exciting and promising year! 2017 flew by so fast but not without leaving its mark and some interesting ideas for us to remember as business analysts. Here is a list of the most popular 2017 posts, as determined by BAL readers. This list is based on the number of page views recorded for each post. Here it goes: VRIN Framework/VRIO Analysis A List Of Free Business Intelligence (BI) Training Courses For Business Analysts A List Of Free Business Analysis Trainin

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What’s the Worst Thing You’ve Heard About Being a Woman in Recruitment?

IBM Big Data Hub

Sexism in the workplace continues to be relevant, as much as we all don’t want it to be. And sexism isn’t one sided either, there are stigmas that follow females and males around that continue to be all too commonplace. So we ask our diverse panel of female recruiters to point out the most annoying thing they. View Article. What’s the Worst Thing You’ve Heard About Being a Woman in Recruitment?

IT 86
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Hyperopt - A bayesian Parameter Tuning Framework

MLWhiz

Recently I was working on a in-class competition from the “How to win a data science competition” Coursera course. You can start for free with the 7-day Free Trial. Learned a lot of new things from that about using XGBoost for time series prediction tasks. The one thing that I tried out in this competition was the Hyperopt package - A bayesian Parameter Tuning Framework.

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Peak Performance: Continuous Testing & Evaluation of LLM-Based Applications

Speaker: Aarushi Kansal, AI Leader & Author and Tony Karrer, Founder & CTO at Aggregage

Software leaders who are building applications based on Large Language Models (LLMs) often find it a challenge to achieve reliability. It’s no surprise given the non-deterministic nature of LLMs. To effectively create reliable LLM-based (often with RAG) applications, extensive testing and evaluation processes are crucial. This often ends up involving meticulous adjustments to prompts.

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Notes on artificial intelligence, December 2017

DMBS2

Most of my comments about artificial intelligence in December, 2015 still hold true. But there are a few points I’d like to add, reiterate or amplify. 1. As I wrote back then in a post about the connection between machine learning and the rest of AI , It is my opinion that most things called “intelligence” — natural and artificial alike — have a great deal to do with pattern recognition and response. 2.

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Can we really “Stop using Excel”?

Paris Technologies

Some organizations believe that Excel needs to be eliminated from the business process. However, end-users still turn to Excel to get their job done and to meet the needs of management.

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Are You Ready for Simpler, Smarter Data Discovery?

Smarten

Advanced Data Discovery for Every Business User. No Special Skills Required! There are many facets to Advanced Data Discovery. The processes are sophisticated and the algorithms are exacting, but your business users need not worry about those things. To make the best use of augmented data discovery tools, you need to implement an advanced analytics solution that gives your team sophisticated tools and true insight into data, with flexible, personalized dashboards, and reporting that are easy eno

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What BAs Should Know About Feedback Analysis

BA Learnings

Most people think they know what they’re good at. They are usually wrong. More often, people know what they’re not good at — and even then more people are wrong than right — Peter F. Drucker Peter Drucker emphasized the need for professionals to know themselves in order to manage themselves through feedback analysis. To perform effectively, people need to know and understand themselves.

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Entity Resolution Checklist: What to Consider When Evaluating Options

Are you trying to decide which entity resolution capabilities you need? It can be confusing to determine which features are most important for your project. And sometimes key features are overlooked. Get the Entity Resolution Evaluation Checklist to make sure you’ve thought of everything to make your project a success! The list was created by Senzing’s team of leading entity resolution experts, based on their real-world experience.

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Influencers assess 2017 and make predictions for 2018

IBM Big Data Hub

As the year winds down, questions tend to arise about what the big trends of the past year have been and what the year to come may hold.

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Introducing www.Stephen-Few.com

Perceptual Edge

I’ve ended my public Visual Business Intelligence Workshops and quarterly Visual Business Intelligence Newsletter , in part, to make time for other ventures. You have perhaps noticed that here, in my Perceptual Edge blog articles, I sometimes veer from data visualization to reflect my broader interests. In this blog, I’ve usually tried to my keep topics at least tangentially related to data sensemaking, but I now find this too confining.

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Big data visualization: Why companies can’t do without it

ScienceSoft

To prove the value of big data visualization, our team sums up the findings of recent dedicated surveys and shares possible use cases.

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Using XGBoost for time series prediction tasks

MLWhiz

Recently Kaggle master Kazanova along with some of his friends released a “How to win a data science competition” Coursera course. You can start for free with the 7-day Free Trial. The Course involved a final project which itself was a time series prediction problem. Here I will describe how I got a top 10 position as of writing this article.

Sales 45
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Strategic CX: A Deep Dive into Voice of the Customer Insights for Clarity

Speaker: Nicholas Zeisler, CX Strategist & Fractional CXO

The first step in a successful Customer Experience endeavor (or for that matter, any business proposition) is to find out what’s wrong. If you can’t identify it, you can’t fix it! 💡 That’s where the Voice of the Customer (VoC) comes in. Today, far too many brands do VoC simply because that’s what they think they’re supposed to do; that’s what all their competitors do.

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Assisted Predictive Modeling Guide Users Through the Maze

Smarten

What is Assisted Predictive Modeling? Anything that can help your business users to understand, interpret and analyze data is a help! Users have many tasks to perform in a given day and while analysis may not be their forte, they definitely need clear, concise data to share, to make decisions and to see opportunities, challenges and patterns. To be a positive asset to the business, your business users must be able to accurately plan and forecast everything from budgetary needs to team members an

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How Nationwide Drives A Data-Driven Culture: Confessions Of A Chief Data Executive

Bruno Aziza

Data is so central to modern business and most companies are expected to hire a CDO by 2019, according to a report by Gartner. The same report contends that only half of them succeed and that most only stay in their positions on average just 18 months.

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Is “embodied cognition” the future of AI?

IBM Big Data Hub

As happens so often, IBM is quietly laying the groundwork for the future. A recent step toward that future is TJBot, an unassuming, do-it-yourself cardboard robot that opens a window into what AI researchers are calling “embodied cognition.

IT 83
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Apache Hadoop 3.0.0 is Generally Available!

Cloudera

The Apache Hadoop community recently released version 3.0.0 GA , the third major release in Hadoop’s 10-year history at the Apache Software Foundation. We covered earlier releases like 3.0.0-alpha1 and 3.0.0-alpha2 on the Cloudera Engineering blog, and 3.0.0 GA is bigger and better than ever. General availability (GA) marks a point of quality and stability for the release series that indicates it’s ready for broader use.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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Omnichannel Retail Success Requires IT Transformation

Nutanix

Today’s consumers are tech savvy. Their shopping experiences often involves some combination of brick-and-mortar, online, mobile, social, and other channels.

IT 20
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Smarter Career Choices #3: Solve for the Global Maxima!

Occam's Razor

Today, a simple lesson that so many of us miss at great peril. In fact in your role, at this very moment, your company is making a mistake in terms of how it values your impact on the business. The lesson is about the limitation of optimizing for a local maxima, usually in a silo. We are going to internalize this lesson by learning from Microsoft. It is a company I love (am typing this on my beloved ThinkPad X1 Carbon Gen 5, using Windows Live Writer blogging software!).

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What is Self-Serve Data Preparation and How Can It Support Business Users?

Smarten

Self-Serve Data Preparation is the next generation of business analytics and business intelligence. Self-serve data preparation makes advanced data discovery accessible to team members and business users no matter their skills or technical knowledge. What is Self-Serve Data Preparation? In the past, preparing data for analysis was a time-consuming process, a task that was relegated to the IT team and involved complex tasks like Data Extraction, Transformation and Loading (ETL), access to data wa

IT 40
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I See What You Did There: Integrating Machine Intelligence And Human Intuition

Bruno Aziza

Technological advances come along so fast now, especially in the digital space, that some mistrust is expected. We especially don’t trust machine intelligence in part because we don’t understand it.

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How to Build an Experimentation Culture for Data-Driven Product Development

Speaker: Margaret-Ann Seger, Head of Product, Statsig

Experimentation is often seen as an aspirational practice, especially at smaller, fast-moving companies who are strapped for time and resources. So, how can you get your team making decisions in a more data-driven way while continuing to remain lean and maintaining ship velocity? In this webinar, Margaret-Ann Seger, Head of Product at Statsig, will teach you how to build an experimentation culture from the ground-up, graduating from just getting started with data-driven development to operating