Occam's Razor

APRIL 8, 2013

Sometimes, we escape the clutches of this sub optimal existence and do pick good metrics or engage in simple A/B testing. You're choosing only one metric because you want to optimize it. Remember that the raw number is not the only important part, we would also measure statistical significance. But it is not routine.

Metrics 156

Metrics KPI Analytics Key Performance Indicator 156

Business Over Broadway

MAY 22, 2019

According to Gartner, companies need to adopt these practices: build culture of collaboration and experimentation; start with a 3-way partnership among executives leading digital initiative, line of business and IT. Using Customer Journey Orchestration and AI to Optimize Customer Experience: [link]. So, become data literate.

Machine Learning 40

Machine Learning Technology Digital Transformation Data Science 40

IBM Big Data Hub

MAY 20, 2024

Search and optimization. Quantum computers naturally re-create the behavior of atoms and even subatomic particles—making them valuable for simulating how matter interacts with its environment. Simulating nature.

Data Processing 77

Data Processing Optimization Experimentation Enterprise 77

Occam's Razor

JUNE 6, 2007

Bonus: Interactive CD: Contains six podcasts, one video, two web analytics metrics definitions documents and five insightful powerpoint presentations. Experimentation & Testing (A/B, Multivariate, you name it). What's the optimal organization structure (and who should own web analytics!)? Bonus: Interactive CD.

Analytics 60

Analytics Metrics Marketing Dashboards 60

Corinium

APRIL 25, 2019

For example auto insurance companies offering to capture real-time driving statistics from policy-holders’ cars to encourage and reward safe driving. And it’s become a hyper-competitive business, so enhancing customer service through data is critical for maintaining customer loyalty.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

The Unofficial Google Data Science Blog

APRIL 16, 2019

by MICHAEL FORTE Large-scale live experimentation is a big part of online product development. This means a small and growing product has to use experimentation differently and very carefully. This blog post is about experimentation in this regime. But these are not usually amenable to A/B experimentation.

Experimentation 68

Experimentation Sales Metrics Measurement 68

Domino Data Lab

JUNE 23, 2019

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.

Management 110

Management Machine Learning Experimentation Metrics 110

Cloudera

NOVEMBER 25, 2020

Scale to provide 1,000s of researchers frictionless interaction with data. How can he make it easy to see statistics, and do calculations, on discovered commonalities, across structured and unstructured data? How can users drill down, in non-technical ways, to quickly interact with data that explains what correlations seem to matter?

Data Warehouse 57

Data Warehouse Unstructured Data Analytics Visualization 57

Domino Data Lab

MAY 8, 2019

They also require advanced skills in statistics, experimental design, causal inference, and so on – more than most data science teams will have. Perhaps if machine learning were solely being used to optimize advertising or ecommerce, then Agile-ish notions could serve well enough. PSL models are easy to use and fast.

Machine Learning 105

Machine Learning Data Science Modeling Visualization 105

Occam's Razor

SEPTEMBER 13, 2016

Hypothesis development and design of experimentation. Take this as an example… How do you know that this is a profoundly sub-optimal collection of choices to provide? Ok, maybe statistical modeling smells like an analytical skill. . + Pattern recognition and understanding trends. Argumentation and logical thinking.

Modeling 127

Modeling Reporting Strategy Consulting 127

Occam's Razor

FEBRUARY 8, 2021

From observing behavior closely, and from my own experimentation and failure, I've noticed consistent patterns in what great employees do and great bosses do. They find the external author of the statistical algorithm I want them to use, and ask them for guidance. Caring touches all sorts of interactions you’ll have.

Strategy 132

Strategy Statistics Cost-Benefit Marketing 132

Domino Data Lab

AUGUST 26, 2019

When hyperparameters are also used for optimization and tuned for a specific dataset, they also impact predictive accuracy. Searching is a very general approach to solving or optimizing problems. I will continue using parameters (which are optimized during training) and hyperparameters (which are tuned via cross-validation).

Testing 79

Testing Modeling Machine Learning Metrics 79

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. If you don't have a robust experimentation program in your company you are going to die. Part of it fueled by some Consultants. This is sad. Likely not.

Analytics 118

Analytics Consulting Metrics Experimentation 118

Domino Data Lab

AUGUST 22, 2019

Although it’s not perfect, [Note: These are statistical approximations, of course!] You can home in on an optimal value by specifying, say, 32 dimensions and varying this value by powers of 2. If we were using CBOW, then a window size of 5 (for a total of 10 context words) could be near the optimal value. Example 11.6

Deep Learning 111

Deep Learning Modeling Metrics Testing 111

IBM Big Data Hub

SEPTEMBER 25, 2023

With a few taps on a mobile device, riders request a ride; then, Uber’s algorithms work to match them with the nearest available driver and calculate the optimal price. This allowed them to focus on SQL-based query optimization to the nth degree. But the simplicity ends there. Every transaction, every cent matters.

OLAP 91

OLAP Data Lake Data-driven Snapshot 91