Nov 23, 17: #AnalyticsClub #Newsletter (Events, Tips, News & more..)

[  COVER OF THE WEEK ]

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SQL Database  Source

[ LOCAL EVENTS & SESSIONS]

More WEB events? Click Here

[ AnalyticsWeek BYTES]

>> 20 Best Practices for Customer Feedback Programs: Applied Research by bobehayes

>> Two Underutilized Heroes of Data & Innovation: Correlation & Covariance by v1shal

>> 80/20 Rule For Startups by v1shal

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[ FEATURED COURSE]

Process Mining: Data science in Action

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Process mining is the missing link between model-based process analysis and data-oriented analysis techniques. Through concrete data sets and easy to use software the course provides data science knowledge that can be ap… more

[ FEATURED READ]

Big Data: A Revolution That Will Transform How We Live, Work, and Think

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“Illuminating and very timely . . . a fascinating — and sometimes alarming — survey of big data’s growing effect on just about everything: business, government, science and medicine, privacy, and even on the way we think… more

[ TIPS & TRICKS OF THE WEEK]

Data aids, not replace judgement
Data is a tool and means to help build a consensus to facilitate human decision-making but not replace it. Analysis converts data into information, information via context leads to insight. Insights lead to decision making which ultimately leads to outcomes that brings value. So, data is just the start, context and intuition plays a role.

[ DATA SCIENCE Q&A]

Q:Do you know a few “rules of thumb” used in statistical or computer science? Or in business analytics?

A: Pareto rule:
– 80% of the effects come from 20% of the causes
– 80% of the sales come from 20% of the customers

Computer science: “simple and inexpensive beats complicated and expensive” – Rod Elder

Finance, rule of 72:
– Estimate the time needed for a money investment to double
– 100$ at a rate of 9%: 72/9=8 years

Rule of three (Economics):
– There are always three major competitors in a free market within one industry

Source

[ VIDEO OF THE WEEK]

@AnalyticsWeek: Big Data at Work: Paul Sonderegger

 @AnalyticsWeek: Big Data at Work: Paul Sonderegger

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[ QUOTE OF THE WEEK]

Data really powers everything that we do. – Jeff Weiner

[ PODCAST OF THE WEEK]

@BrianHaugli @The_Hanover ?on Building a #Leadership #Security #Mindset #FutureOfData #Podcast

 @BrianHaugli @The_Hanover ?on Building a #Leadership #Security #Mindset #FutureOfData #Podcast

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[ FACT OF THE WEEK]

According to execs, the influx of data is putting a strain on IT infrastructure. 55 percent of respondents reporting a slowdown of IT systems and 47 percent citing data security problems, according to a global survey from Avanade.

Sourced from: Analytics.CLUB #WEB Newsletter

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