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Uncertainties: Statistical, Representational, Interventional

The Unofficial Google Data Science Blog

by AMIR NAJMI & MUKUND SUNDARARAJAN Data science is about decision making under uncertainty. Some of that uncertainty is the result of statistical inference, i.e., using a finite sample of observations for estimation. But there are other kinds of uncertainty, at least as important, that are not statistical in nature.

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What you need to know about product management for AI

O'Reilly on Data

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. Machine learning adds uncertainty. Underneath this uncertainty lies further uncertainty in the development process itself.

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The Lean Analytics Cycle: Metrics > Hypothesis > Experiment > Act

Occam's Razor

To win in business you need to follow this process: Metrics > Hypothesis > Experiment > Act. 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. That metric is tied to a KPI.

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Three Emerging Analytics Products Derived from Value-driven Data Innovation and Insights Discovery in the Enterprise

Rocket-Powered Data Science

This was not a scientific or statistically robust survey, so the results are not necessarily reliable, but they are interesting and provocative. I recently saw an informal online survey that asked users which types of data (tabular, text, images, or “other”) are being used in their organization’s analytics applications.

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In AI we trust? Why we Need to Talk About Ethics and Governance (part 2 of 2)

Cloudera

Systems should be designed with bias, causality and uncertainty in mind. Uncertainty is a measure of our confidence in the predictions made by a system. We need to understand and provide the greatest human oversight on systems with the greatest levels of uncertainty. System Design. Human Judgement & Oversight. Model Drift.

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Advice from procurement: How to evaluate and propose new IT investments

CIO Business Intelligence

As the world continues to experience economic uncertainty, IT leaders look to tighten budgets, consolidate tools and resources, and generally become more risk-averse when evaluating new investments. Consider your company scorecard: Your procurement team has a scorecard with clear metrics to evaluate purchase decisions. to just 2.2%

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Variance and significance in large-scale online services

The Unofficial Google Data Science Blog

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.