IBM Big Data Hub

APRIL 18, 2024

LLMs like ChatGPT are trained on massive amounts of text data, allowing them to recognize patterns and statistical relationships within language. Here are some areas where organizations are seeing a ROI: Text (83%) : Gen AI assists with automating tasks like report writing, document summarization and marketing copy generation.

Cost-Benefit 89

Cost-Benefit Modeling Manufacturing Interactive 89

Sisense

JANUARY 21, 2020

You’re working for an ice cream company that is about to market a brand new special-edition flavor. This is an example of Simpon’s paradox , a statistical phenomenon in which a trend that is present when data is put into groups reverses or disappears when the data is combined. It’s time to introduce a new statistical term.

Testing 104

Testing Risk Data-driven Statistics 104

Ontotext

APRIL 3, 2024

Nimit Mehta: I think that 2024 is going to be a buckle-down year, but, at the same time, we’ll see a rapid explosion of experimentation. Nimit Mehta : You are talking about the three big ones: cost, revenue, and risk. And, when you get to the top, it’s about risks and existential threats to the business. It’s open.

Technology 59

Technology Risk Digital Transformation Measurement 59

Jet Global

APRIL 27, 2023

Tax teams of multinational enterprises (MNEs) in the manufacturing industry face increasing challenges to manage business and market risks effectively. For your tax team to be agile, you’ll need to optimize tax technology and processes so you can both spot data insights and mitigate risk.

Manufacturing 52

Manufacturing Marketing Experimentation Reporting 52

The Unofficial Google Data Science Blog

JUNE 30, 2016

In an ideal world, experimentation through randomization of the treatment assignment allows the identification and consistent estimation of causal effects. Identification We now discuss formally the statistical problem of causal inference. We start by describing the problem using standard statistical notation.

Statistics 44

Statistics Optimization Modeling Experimentation 44

Corinium

APRIL 25, 2019

Most of my days focus on understanding what’s happening in the market, defining overall product strategy and direction, and translating into execution across the various teams. Life insurance needs accurate data on consumer health, age and other metrics of risk. Now, there is a data risk here. Humans can’t keep up.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

O'Reilly on Data

MARCH 18, 2020

Whether it’s controlling for common risk factors—bias in model development, missing or poorly conditioned data, the tendency of models to degrade in production—or instantiating formal processes to promote data governance, adopters will have their work cut out for them as they work to establish reliable AI production lines. But what kind?

Enterprise 318

Enterprise Deep Learning Data Governance Risk 318

Occam's Razor

JUNE 4, 2018

I mean developing and inserting a subtle collection of gentle nudges that can help increase the conversion rate by a statistically significant amount. Not wanting to risk it, I click on the Find in Store link you see at the bottom of the page. I don’t mean: BUY IT NOW OR ELSE! Sizing the Opportunity.

Strategy 124

Strategy Cost-Benefit Testing Sales 124

Occam's Razor

JANUARY 9, 2012

The real problem is that our management teams lack imagination when it comes to the web, and our marketing executives continue to do TV on Twitter, catalogs on display ads, irrelevant shouting on search, etc. The problem is Marketing and lack of imagination in using the web/digital channels. The problem, it turns out, is not data.

Marketing 140

Marketing B2B Measurement Risk 140

AWS Big Data

JULY 3, 2023

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. With tagging, researchers can create differently named snapshots of market data and track changes over time. Create an EMR cluster.

Snapshot 84

Snapshot Data Lake Testing Strategy 84

O'Reilly on Data

MARCH 23, 2023

What is it, how does it work, what can it do, and what are the risks of using it? It’s commonly believed that the more parameters, the better; that’s at least a good story for marketing to tell. And it can look up an author and make statistical observations about their interests. What Are the Risks?

IT 271

IT Modeling Testing Risk 271

CIO Business Intelligence

DECEMBER 6, 2023

Organizations need to have an honest look at their hygiene, priorities, and data sensitivities to ensure they’re plugging GenAI tools into the areas where they get maximum reward and minimized risk.” Assume AI is always right Impressive as they are, generative AI tools are inherently probabilistic.

IT 127

IT Risk Management Interactive Modeling 127

O'Reilly on Data

DECEMBER 9, 2019

We develop an ordinary least squares (OLS) linear regression model of equity returns using Statsmodels, a Python statistical package, to illustrate these three error types. CI theory was developed around 1937 by Jerzy Neyman, a mathematician and one of the principal architects of modern statistics.

Statistics 27

Statistics Uncertainty Risk Marketing 27

Occam's Razor

NOVEMBER 17, 2008

There is a tendency to think experimentation and testing is optional. Tom has tried this with many many Marketers, and its so true: If you have two different pages you want to test, it takes six and a half minutes for you to configure, test (QA) and launch a A/B test. 4 Big Bets, Low Risks, Happy Customers. That's it!

Testing 112

Testing Experimentation Risk Optimization 112

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

The Unofficial Google Data Science Blog

MAY 31, 2016

A geo experiment is an experiment where the experimental units are defined by geographic regions. Such regions are often referred to as Generalized Market Areas (GMAs) or simply geos. This is a quantity that is easily interpretable and summarizes nicely the statistical power of the experiment.

Advertising 42

Advertising Testing Sales Statistics 42

Domino Data Lab

MAY 8, 2019

That’s a risk in case, say, legislators – who don’t understand the nuances of machine learning – attempt to define a single meaning of the word interpret. Given how so much of IT gets driven by concerns about risks and costs, in practice auditability tops the list for many business stakeholders. Ergo, less interpretable. But I digress.

Machine Learning 105

Machine Learning Data Science Modeling Visualization 105

Cloudera

NOVEMBER 25, 2020

However, as they continue finding treatments and understanding the progression of these cancers, they now also need to serve a much higher expectation on delivery to market. How can he make it easy to see statistics, and do calculations, on discovered commonalities, across structured and unstructured data? Challenges Ahead.

Data Warehouse 59

Data Warehouse Unstructured Data Analytics Visualization 59

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. In case of WebTrends replace those terms with Marketing Intelligence / Visitor Data Mart etc. There is such little risk to actually trying. Likely not.

Analytics 118

Analytics Consulting Metrics Experimentation 118

CIO Business Intelligence

JULY 6, 2023

After completing MTech from Indian Statistical Institute, I started my career at Cognizant. But when we need to prioritize agility and speed to market as well as for unpredictable load, specifically for new products in B2C side, we opt for cloud. What do you do to foster a culture of innovation and experimentation in your employees?

Digital Transformation 90

Digital Transformation Experimentation Recreation/Entertainment Technology 90