O'Reilly on Data

MARCH 31, 2020

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. The model is produced by code, but it isn’t code; it’s an artifact of the code and the training data.

Management 327

Management Machine Learning Experimentation Metrics 327

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

Others argue that there will still be a unique role for the data scientist to deal with ambiguous objectives, messy data, and knowing the limits of any given model. This classification is based on the purpose, horizon, update frequency and uncertainty of the forecast. This defines the ROI on the investment of human time.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

CIO Business Intelligence

JANUARY 2, 2024

CIOs are readying for another demanding year, anticipating that artificial intelligence, economic uncertainty, business demands, and expectations for ever-increasing levels of speed will all be in play for 2024. But at the end of the day, it boils down to statistics. Statistics can be very misleading.

IT 144

IT Cost-Benefit Statistics Consulting 144

Insight

FEBRUARY 19, 2020

My goal here is not to improve upon the current prediction algorithms but rather to describe a model I devised, called ReelRisk , that uses random resampling to generate a range of predictions which can then be used as a risk assessment tool to determine early on whether to fund a movie. ROI = Profit/Budget). ROI = Profit/Budget).

Risk 67

Risk ROI Modeling Metrics 67

CIO Business Intelligence

JUNE 28, 2023

These circumstances have induced uncertainty across our entire business value chain,” says Venkat Gopalan, chief digital, data and technology officer, Belcorp. “As Belcorp operates under a direct sales model in 14 countries. Its brands include ésika, L’Bel, and Cyzone, and its products range from skincare and makeup to fragrances.

Digital Transformation 78

Digital Transformation Cost-Benefit Informatics Data mining 78

IBM Big Data Hub

APRIL 18, 2024

While these large language model (LLM) technologies might seem like it sometimes, it’s important to understand that they are not the thinking machines promised by science fiction. LLMs like ChatGPT are trained on massive amounts of text data, allowing them to recognize patterns and statistical relationships within language.

Cost-Benefit 91

Cost-Benefit Modeling Manufacturing Interactive 91

O'Reilly on Data

FEBRUARY 11, 2020

The responses show a surfeit of concerns around data quality and some uncertainty about how best to address those concerns. To increase the focus on resolving data issues requires carefully scrutinizing the ROI of data conditioning efforts to focus on the most worthwhile, productive, and effective efforts.

Data Quality 299

Data Quality Metadata Data Governance Publishing 299