FineReport

DECEMBER 11, 2019

. – Head First Data Analysis: A learner’s guide to big numbers, statistics, and good decisions. Effective use of big data helps companies analyze critical information more accurately, ultimately improving operational efficiency, reducing costs, reducing risk, accelerating innovation, and increasing revenue.

Big Data 98

Big Data Statistics Experimentation Data Strategy 98

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. It might analyze real-time data from cameras, LiDAR and other sensors to identify objects, assess risks and anticipate environmental changes like sudden weather events or unexpected obstacles.

Cost-Benefit 95

Cost-Benefit Modeling Manufacturing Interactive 95

The Unofficial Google Data Science Blog

JANUARY 14, 2016

Unlike experimentation in some other areas, LSOS experiments present a surprising challenge to statisticians — even though we operate in the realm of “big data”, the statistical uncertainty in our experiments can be substantial. We must therefore maintain statistical rigor in quantifying experimental uncertainty.

Experimentation 41

Experimentation Statistics Metrics Measurement 41

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. What is risk?

Technology 59

Technology Risk Digital Transformation Measurement 59

The Unofficial Google Data Science Blog

JULY 22, 2020

One reason to do ramp-up is to mitigate the risk of never before seen arms. For example, imagine a fantasy football site is considering displaying advanced player statistics. A ramp-up strategy may mitigate the risk of upsetting the site’s loyal users who perhaps have strong preferences for the current statistics that are shown.

Experimentation 95

Experimentation Statistics Testing Strategy 95

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. Such is the case with A/B testing. I don’t mean: BUY IT NOW OR ELSE!

Strategy 124

Strategy Cost-Benefit Testing Sales 124

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. A naïve way to solve this problem would be to compare the proportion of buyers between the exposed and unexposed groups, using a simple test for equality of means.

Statistics 44

Statistics Optimization Modeling Experimentation 44

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 by far the most convincing example of a conversation with a machine; it has certainly passed the Turing test. And it can look up an author and make statistical observations about their interests. But it is an amazing analytic engine.”

IT 262

IT Modeling Testing Risk 262

Occam's Razor

NOVEMBER 17, 2008

There is a tendency to think experimentation and testing is optional. Just don't fall for their bashing of all other vendors or their silly claims, false, of "superiority" in terms of running 19 billion combinations of tests or the bonus feature of helping you into your underwear each morning. And I meant every word of it.

Testing 112

Testing Experimentation Risk Optimization 112

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. Solution overview To set up and test this experiment, we complete the following high-level steps: Create an S3 bucket. Load the dataset into Amazon S3.

Snapshot 85

Snapshot Data Lake Testing Strategy 85

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. Transcript.

Management 110

Management Machine Learning Experimentation Metrics 110

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 133

IT Risk Management Interactive Modeling 133

The Unofficial Google Data Science Blog

MAY 31, 2016

Similarly, we could test the effectiveness of a search ad compared to showing only organic search results. A geo experiment is an experiment where the experimental units are defined by geographic regions. Structure of a geo experiment A typical geo experiment consists of two distinct time periods: pretest and test.

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.

Machine Learning 105

Machine Learning Data Science Modeling Visualization 105

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. We use the diagnostic test results of our regression model to support the reasons why CIs should not be used in financial data analyses.

Statistics 27

Statistics Uncertainty Risk Marketing 27

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. Yet case studies in some sense reduced risk, even if they were simply over blown marketing fluff written by the vendor. Usually at least a test.

Analytics 118

Analytics Consulting Metrics Experimentation 118

Domino Data Lab

AUGUST 26, 2019

This control prevents overfitting and reduction in predictive accuracy on new test data. If we don’t like the result of testing after training, we can also select an entirely different learning machine with different internals. We can take this model to other, novel data and perform a final hold-out test assessment.

Testing 79

Testing Modeling Machine Learning Metrics 79

Occam's Razor

JANUARY 9, 2012

I've discovered that if we can just get them to imagine a better existence, undertake serious risks, experiment with new better ideas, and spend money executing them… they will ask for more robust measurement! AND you can control for risk! You can literally control for risk should everything blow up in your face.

Marketing 140

Marketing B2B Measurement Risk 140

The Unofficial Google Data Science Blog

OCTOBER 12, 2017

1]" Statistics, as a discipline, was largely developed in a small data world. Yet when we use these tools to explore data and look for anomalies or interesting features, we are implicitly formulating and testing hypotheses after we have observed the outcomes. We must correct for multiple hypothesis tests.

Experimentation 61

Experimentation Testing Statistics Metrics 61

IBM Big Data Hub

SEPTEMBER 25, 2023

Large, untested workloads run the risk of hogging all the resources. If the exploratory work needs to move on to testing and production, they can plan appropriately. Data Exploration and Innovation: The flexibility of Presto has encouraged data exploration and experimentation at Uber. This way, the queries run much faster.

OLAP 91

OLAP Data Lake Data-driven Snapshot 91