Category: Uncategorized

[  COVER OF THE WEEK ]

Statistics  Source

[ LOCAL EVENTS & SESSIONS]

• Jan 23, 2019 #WEB WEBINAR: De VSTS a Azure Devops: cambios y novedades
• Jan 22, 2019 #WEB Thinkful Online Info Session | Becoming a Data Scientist
• Jan 22, 2019 #WEB Develop a Successful Artificial Intelligence Tech Startup Business Today! – Entrepreneur Workshop – Bootcamp – Virtual Class – Seminar – Training – Lecture – Webinar – Conference

More WEB events? Click Here

[ AnalyticsWeek BYTES]

>> 10 Techniques to Boost Your Data Modeling by analyticsweek

>> BDAS Analytics Suite Blends Big Data With HR by analyticsweekpick

>> Video: R and Python in in Azure HDInsight by analyticsweekpick

Wanna write? Click Here

[ NEWS BYTES]

>>
 Choosing the Right Data Catalog for Your Business – insideBIGDATA Under  Business Analytics

>>
 AMA Updates Population Health Tool to Improve Patient Care Access – Health IT Analytics Under  Health Analytics

>>
 Global Streaming Analytics Market 2018 Revenue, Potential Growth, Analysis, Price, Market Share, Growth Rate … – The West Chronicle (press release) (blog) Under  Streaming Analytics

More NEWS ? Click Here

[ FEATURED COURSE]

Applied Data Science: An Introduction

As the world’s data grow exponentially, organizations across all sectors, including government and not-for-profit, need to understand, manage and use big, complex data sets—known as big data…. more

[ FEATURED READ]

Python for Data Analysis: Data Wrangling with Pandas, NumPy, and IPython

Python for Data Analysis is concerned with the nuts and bolts of manipulating, processing, cleaning, and crunching data in Python. It is also a practical, modern introduction to scientific computing in Python, tailored f… more

[ TIPS & TRICKS OF THE WEEK]

Analytics Strategy that is Startup Compliant
With right tools, capturing data is easy but not being able to handle data could lead to chaos. One of the most reliable startup strategy for adopting data analytics is TUM or The Ultimate Metric. This is the metric that matters the most to your startup. Some advantages of TUM: It answers the most important business question, it cleans up your goals, it inspires innovation and helps you understand the entire quantified business.

[ DATA SCIENCE Q&A]

Q:What does NLP stand for?
A: * Interaction with human (natural) and computers languages
* Involves natural language understanding

Major tasks:
– Machine translation
– Question answering: “what’s the capital of Canada?”
– Sentiment analysis: extract subjective information from a set of documents, identify trends or public opinions in the social media

– Information retrieval

Source

[ VIDEO OF THE WEEK]

 Advanced #Analytics in #Hadoop

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[ QUOTE OF THE WEEK]

Torture the data, and it will confess to anything. – Ronald Coase

[ PODCAST OF THE WEEK]

 #BigData #BigOpportunity in Big #HR by @MarcRind #JobsOfFuture #Podcast

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[ FACT OF THE WEEK]

As recently as 2009 there were only a handful of big data projects and total industry revenues were under $100 million. By the end of 2012 more than 90 percent of the Fortune 500 will likely have at least some big data initiatives under way.

Sourced from: Analytics.CLUB #WEB Newsletter

[  COVER OF THE WEEK ]

Accuracy check  Source

[ LOCAL EVENTS & SESSIONS]

• Jan 17, 2019 #WEB Webinar: Delivering Real-time Data with Azure and Power BI
• Jan 15, 2019 #WEB Live Webinar: “Bayesian Covariance for Portfolio Optimization” on January 15th
• Feb 16, 2019 #WEB Big Data Series – Spark Programming Essentials

More WEB events? Click Here

[ AnalyticsWeek BYTES]

>> 6 Best Practices for Maximizing Big Data Value by analyticsweekpick

>> To Trust A Bot or Not? Ethical Issues in AI by tony

>> Inside CXM: New Global Thought Leader Hub for Customer Experience Professionals by bobehayes

Wanna write? Click Here

[ NEWS BYTES]

>>
 Sales Performance Management (SPM) Market 2018-2025: CAGR, Top Manufacturers, Drivers, Trends, Challenges … – The Dosdigitos (press release) (blog) Under  Sales Analytics

>>
 Teradata Vantage brings multiple data sources on one platform, hope to become core of large enterprises – The Indian Express Under  Talent Analytics

>>
 Duke Engineering Establishes Big Data, Precision Medicine Center – Health IT Analytics Under  Big Data Analytics

More NEWS ? Click Here

[ FEATURED COURSE]

Pattern Discovery in Data Mining

Learn the general concepts of data mining along with basic methodologies and applications. Then dive into one subfield in data mining: pattern discovery. Learn in-depth concepts, methods, and applications of pattern disc… more

[ FEATURED READ]

On Intelligence

Jeff Hawkins, the man who created the PalmPilot, Treo smart phone, and other handheld devices, has reshaped our relationship to computers. Now he stands ready to revolutionize both neuroscience and computing in one strok… more

[ TIPS & TRICKS OF THE WEEK]

Analytics Strategy that is Startup Compliant
With right tools, capturing data is easy but not being able to handle data could lead to chaos. One of the most reliable startup strategy for adopting data analytics is TUM or The Ultimate Metric. This is the metric that matters the most to your startup. Some advantages of TUM: It answers the most important business question, it cleans up your goals, it inspires innovation and helps you understand the entire quantified business.

[ DATA SCIENCE Q&A]

Q:What is an outlier? Explain how you might screen for outliers and what would you do if you found them in your dataset. Also, explain what an inlier is and how you might screen for them and what would you do if you found them in your dataset
A: Outliers:
– An observation point that is distant from other observations
– Can occur by chance in any distribution
– Often, they indicate measurement error or a heavy-tailed distribution
– Measurement error: discard them or use robust statistics
– Heavy-tailed distribution: high skewness, can’t use tools assuming a normal distribution
– Three-sigma rules (normally distributed data): 1 in 22 observations will differ by twice the standard deviation from the mean
– Three-sigma rules: 1 in 370 observations will differ by three times the standard deviation from the mean

Three-sigma rules example: in a sample of 1000 observations, the presence of up to 5 observations deviating from the mean by more than three times the standard deviation is within the range of what can be expected, being less than twice the expected number and hence within 1 standard deviation of the expected number (Poisson distribution).

If the nature of the distribution is known a priori, it is possible to see if the number of outliers deviate significantly from what can be expected. For a given cutoff (samples fall beyond the cutoff with probability p), the number of outliers can be approximated with a Poisson distribution with lambda=pn. Example: if one takes a normal distribution with a cutoff 3 standard deviations from the mean, p=0.3% and thus we can approximate the number of samples whose deviation exceed 3 sigmas by a Poisson with lambda=3

Identifying outliers:
– No rigid mathematical method
– Subjective exercise: be careful
– Boxplots
– QQ plots (sample quantiles Vs theoretical quantiles)

Handling outliers:
– Depends on the cause
– Retention: when the underlying model is confidently known
– Regression problems: only exclude points which exhibit a large degree of influence on the estimated coefficients (Cook’s distance)

Inlier:
– Observation lying within the general distribution of other observed values
– Doesn’t perturb the results but are non-conforming and unusual
– Simple example: observation recorded in the wrong unit (°F instead of °C)

Identifying inliers:
– Mahalanobi’s distance
– Used to calculate the distance between two random vectors
– Difference with Euclidean distance: accounts for correlations
– Discard them

Source

[ VIDEO OF THE WEEK]

 #FutureOfData Podcast: Peter Morgan, CEO, Deep Learning Partnership

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[ QUOTE OF THE WEEK]

Information is the oil of the 21st century, and analytics is the combustion engine. – Peter Sondergaard

[ PODCAST OF THE WEEK]

 #FutureOfData with Rob(@telerob) / @ConnellyAgency on running innovation in agency

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[ FACT OF THE WEEK]

And one of my favourite facts: At the moment less than 0.5% of all data is ever analysed and used, just imagine the potential here.

Sourced from: Analytics.CLUB #WEB Newsletter

[  COVER OF THE WEEK ]

Extrapolating  Source

[ LOCAL EVENTS & SESSIONS]

• Jan 06, 2019 #WEB Free Webinar on Big Data with Scala & Spark – Live Instructor Led Session | Limited Seats | Seattle, WA
• Jan 18, 2019 #WEB Webinar-Flatrate 2019 – Lunch & Learn
• Jan 06, 2019 #WEB Free Webinar on Big Data with Scala & Spark – Live Instructor Led Session | Limited Seats | Eugene, OR

More WEB events? Click Here

[ AnalyticsWeek BYTES]

>> @BrianHaugli @The_Hanover ‏on Building a #Leadership #Security #Mindset by v1shal

>> Big Data Winning Strategy For Enterprises: Start Small by d3eksha

>> The convoluted world of data scientist by v1shal

Wanna write? Click Here

[ FEATURED COURSE]

R Basics – R Programming Language Introduction

Learn the essentials of R Programming – R Beginner Level!… more

[ FEATURED READ]

Hypothesis Testing: A Visual Introduction To Statistical Significance

Statistical significance is a way of determining if an outcome occurred by random chance, or did something cause that outcome to be different than the expected baseline. Statistical significance calculations find their … more

[ TIPS & TRICKS OF THE WEEK]

Winter is coming, warm your Analytics Club
Yes and yes! As we are heading into winter what better way but to talk about our increasing dependence on data analytics to help with our decision making. Data and analytics driven decision making is rapidly sneaking its way into our core corporate DNA and we are not churning practice ground to test those models fast enough. Such snugly looking models have hidden nails which could induce unchartered pain if go unchecked. This is the right time to start thinking about putting Analytics Club[Data Analytics CoE] in your work place to help Lab out the best practices and provide test environment for those models.

[ DATA SCIENCE Q&A]

Q:Give examples of bad and good visualizations?
A: Bad visualization:
– Pie charts: difficult to make comparisons between items when area is used, especially when there are lots of items
– Color choice for classes: abundant use of red, orange and blue. Readers can think that the colors could mean good (blue) versus bad (orange and red) whereas these are just associated with a specific segment
– 3D charts: can distort perception and therefore skew data
– Using a solid line in a line chart: dashed and dotted lines can be distracting

Good visualization:
– Heat map with a single color: some colors stand out more than others, giving more weight to that data. A single color with varying shades show the intensity better
– Adding a trend line (regression line) to a scatter plot help the reader highlighting trends

Source

[ VIDEO OF THE WEEK]

 #BigData @AnalyticsWeek #FutureOfData #Podcast with @MPFlowersNYC, @enigma_data

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[ QUOTE OF THE WEEK]

The most valuable commodity I know of is information. – Gordon Gekko

[ PODCAST OF THE WEEK]

 @JohnTLangton from @Wolters_Kluwer discussed his #AI Lead Startup Journey #FutureOfData #Podcast

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[ FACT OF THE WEEK]

Three-quarters of decision-makers (76 per cent) surveyed anticipate significant impacts in the domain of storage systems as a result of the “Big Data” phenomenon.

Sourced from: Analytics.CLUB #WEB Newsletter

[  COVER OF THE WEEK ]

Correlation-Causation  Source

[ LOCAL EVENTS & SESSIONS]

• Jan 23, 2019 #WEB 3rd Annual Global Artificial Intelligence Conference Santa Clara January 2019
• Jan 06, 2019 #WEB Free Webinar on Big Data with Scala & Spark – Live Instructor Led Session | Limited Seats | San Francisco, CA
• Jan 06, 2019 #WEB Free Webinar on Big Data with Scala & Spark – Live Instructor Led Session | Limited Seats | Seattle, WA

More WEB events? Click Here

[ AnalyticsWeek BYTES]

>> Qlik Optimization Techniques by analyticsweek

>> Making sense of unstructured data by turning strings into things by v1shal

>> 2017 Trends in the Internet of Things by jelaniharper

Wanna write? Click Here

[ NEWS BYTES]

>>
 Why hybrid cloud is here to stay – TechCentral Under  Hybrid Cloud

>>
 Data breaches persuade companies to raise cyber security budgets – Financial Times Under  cyber security

>>
 Big Data Analytics in Banking Market 2025: Global Demand, Key Players, Overview, Supply and Consumption Analysis – Honest Facts Under  Big Data Analytics

More NEWS ? Click Here

[ FEATURED COURSE]

CPSC 540 Machine Learning

Machine learning (ML) is one of the fastest growing areas of science. It is largely responsible for the rise of giant data companies such as Google, and it has been central to the development of lucrative products, such … more

[ FEATURED READ]

Research Design: Qualitative, Quantitative, and Mixed Methods Approaches, 4th Edition

The eagerly anticipated Fourth Edition of the title that pioneered the comparison of qualitative, quantitative, and mixed methods research design is here! For all three approaches, Creswell includes a preliminary conside… more

[ TIPS & TRICKS OF THE WEEK]

Grow at the speed of collaboration
A research by Cornerstone On Demand pointed out the need for better collaboration within workforce, and data analytics domain is no different. A rapidly changing and growing industry like data analytics is very difficult to catchup by isolated workforce. A good collaborative work-environment facilitate better flow of ideas, improved team dynamics, rapid learning, and increasing ability to cut through the noise. So, embrace collaborative team dynamics.

[ DATA SCIENCE Q&A]

Q:What is the Central Limit Theorem? Explain it. Why is it important?
A: The CLT states that the arithmetic mean of a sufficiently large number of iterates of independent random variables will be approximately normally distributed regardless of the underlying distribution. i.e: the sampling distribution of the sample mean is normally distributed.
– Used in hypothesis testing
– Used for confidence intervals
– Random variables must be iid: independent and identically distributed
– Finite variance

Source

[ VIDEO OF THE WEEK]

 #HumansOfSTEAM feat. Hussain Gadwal, Mechanical Designer via @SciThinkers #STEM #STEAM

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[ QUOTE OF THE WEEK]

It’s easy to lie with statistics. It’s hard to tell the truth without statistics. – Andrejs Dunkels

[ PODCAST OF THE WEEK]

 #BigData @AnalyticsWeek #FutureOfData with Jon Gibs(@jonathangibs) @L2_Digital

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[ FACT OF THE WEEK]

Retailers who leverage the full power of big data could increase their operating margins by as much as 60%.

Sourced from: Analytics.CLUB #WEB Newsletter

[  COVER OF THE WEEK ]

Data Mining  Source

[ LOCAL EVENTS & SESSIONS]

• Jan 06, 2019 #WEB Free Webinar on Big Data with Scala & Spark – Live Instructor Led Session | Limited Seats | Austin, TX
• Dec 31, 2018 #WEB [REPLAY] #mHealthUX: How To Design a Mobile Health App
• Jan 06, 2019 #WEB Free Webinar on Big Data with Scala & Spark – Live Instructor Led Session | Limited Seats | Paris, France

More WEB events? Click Here

[ AnalyticsWeek BYTES]

>> January 9, 2017 Health and Biotech analytics news roundup by pstein

>> 3 Risks of an Analytics Emergency by analyticsweek

>> The Impact of Big Data in Market Risk Management by chandrakant721

Wanna write? Click Here

[ NEWS BYTES]

>>
 CSP (CSPI) and Verint Systems (VRNT) Head-To-Head Survey – Fairfield Current Under  Social Analytics

>>
 Global Financial Analytics Market 2017 by complete Analysis by Type (Centralized Controlled VPP, Decentralized … – Industry News Updates (press release) (blog) Under  Financial Analytics

>>
 LinkedIn launches Talent Insights for HR analytics, talent planning – ZDNet Under  Talent Analytics

More NEWS ? Click Here

[ FEATURED COURSE]

CS229 – Machine Learning

This course provides a broad introduction to machine learning and statistical pattern recognition. … more

[ FEATURED READ]

On Intelligence

Jeff Hawkins, the man who created the PalmPilot, Treo smart phone, and other handheld devices, has reshaped our relationship to computers. Now he stands ready to revolutionize both neuroscience and computing in one strok… more

[ TIPS & TRICKS OF THE WEEK]

Data Have Meaning
We live in a Big Data world in which everything is quantified. While the emphasis of Big Data has been focused on distinguishing the three characteristics of data (the infamous three Vs), we need to be cognizant of the fact that data have meaning. That is, the numbers in your data represent something of interest, an outcome that is important to your business. The meaning of those numbers is about the veracity of your data.

[ DATA SCIENCE Q&A]

Q:How do you handle missing data? What imputation techniques do you recommend?
A: * If data missing at random: deletion has no bias effect, but decreases the power of the analysis by decreasing the effective sample size
* Recommended: Knn imputation, Gaussian mixture imputation

Source

[ VIDEO OF THE WEEK]

 Using Analytics to build A #BigData #Workforce

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[ QUOTE OF THE WEEK]

Data beats emotions. – Sean Rad, founder of Ad.ly

[ PODCAST OF THE WEEK]

 #BigData @AnalyticsWeek #FutureOfData #Podcast with @Beena_Ammanath, @GE

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[ FACT OF THE WEEK]

Poor data across businesses and the government costs the U.S. economy $3.1 trillion dollars a year.

Sourced from: Analytics.CLUB #WEB Newsletter

[  COVER OF THE WEEK ]

Ethics  Source

[ LOCAL EVENTS & SESSIONS]

• Jan 06, 2019 #WEB Free Webinar on Big Data with Scala & Spark – Live Instructor Led Session | Limited Seats | Dallas, TX
• Dec 19, 2018 #WEB Data Science in 30 Minutes: Uber’s Chief Scientist Explores Frontiers of Machine Learning and AI
• Jan 06, 2019 #WEB Free Webinar on Big Data with Scala & Spark – Live Instructor Led Session | Limited Seats | Anaheim, CA

More WEB events? Click Here

[ AnalyticsWeek BYTES]

>> Why Entrepreneurship Should Be Compulsory In Schools by v1shal

>> How Google does Rapid Prototyping? Tom Chi’s Perspective  by v1shal

>> Geeks Vs Nerds [Infographics] by v1shal

Wanna write? Click Here

[ NEWS BYTES]

>>
 Is Your Company Prepared to Handle a Data Security Incident? An Incident Response Plan Is An Essential Element … – Lexology Under  Data Security

>>
 Learn Data Science and Fuel AI Innovations with This Python Bundle – Interesting Engineering Under  Data Science

>>
 Facebook to release first-party cookie option for ads, pull web analytics from Safari – Marketing Land Under  Analytics

More NEWS ? Click Here

[ FEATURED COURSE]

A Course in Machine Learning

Machine learning is the study of algorithms that learn from data and experience. It is applied in a vast variety of application areas, from medicine to advertising, from military to pedestrian. Any area in which you need… more

[ FEATURED READ]

The Misbehavior of Markets: A Fractal View of Financial Turbulence

Mathematical superstar and inventor of fractal geometry, Benoit Mandelbrot, has spent the past forty years studying the underlying mathematics of space and natural patterns. What many of his followers don’t realize is th… more

[ TIPS & TRICKS OF THE WEEK]

Winter is coming, warm your Analytics Club
Yes and yes! As we are heading into winter what better way but to talk about our increasing dependence on data analytics to help with our decision making. Data and analytics driven decision making is rapidly sneaking its way into our core corporate DNA and we are not churning practice ground to test those models fast enough. Such snugly looking models have hidden nails which could induce unchartered pain if go unchecked. This is the right time to start thinking about putting Analytics Club[Data Analytics CoE] in your work place to help Lab out the best practices and provide test environment for those models.

[ DATA SCIENCE Q&A]

Q:Give examples of data that does not have a Gaussian distribution, nor log-normal?
A: * Allocation of wealth among individuals
* Values of oil reserves among oil fields (many small ones, a small number of large ones)

Source

[ VIDEO OF THE WEEK]

 @AmyGershkoff on building #winning #DataScience #team #FutureOfData #Podcast

Subscribe to  Youtube

[ QUOTE OF THE WEEK]

You can have data without information, but you cannot have information without data. – Daniel Keys Moran

[ PODCAST OF THE WEEK]

 Pascal Marmier (@pmarmier) @SwissRe discusses running data driven innovation catalyst

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[ FACT OF THE WEEK]

Within five years there will be over 50 billion smart connected devices in the world, all developed to collect, analyze and share data.

Sourced from: Analytics.CLUB #WEB Newsletter

[  COVER OF THE WEEK ]

Correlation-Causation  Source

[ AnalyticsWeek BYTES]

>> The Last Layer of Cyber Security: Business Continuity and Disaster Recovery with Incremental Backups by jelaniharper

>> Boeing creates data analytics group by analyticsweekpick

>> How the Right Loyalty and Operational Metrics Drive Service Excellence – Webinar by bobehayes

Wanna write? Click Here

[ NEWS BYTES]

>>
 GSA Releases Customer Experience Playbook – Nextgov Under  Customer Experience

>>
 Global Healthcare Financial Analytics Market expected to reach at an Extensive rate through Growth analysis – RBTE Report Under  Financial Analytics

>>
 TTEC Announces Global Launch of Humanify™ Insights Platform – Directors Club Newswire (press release) (blog) Under  Sales Analytics

More NEWS ? Click Here

[ FEATURED COURSE]

Introduction to Apache Spark

Learn the fundamentals and architecture of Apache Spark, the leading cluster-computing framework among professionals…. more

[ FEATURED READ]

The Future of the Professions: How Technology Will Transform the Work of Human Experts

This book predicts the decline of today’s professions and describes the people and systems that will replace them. In an Internet society, according to Richard Susskind and Daniel Susskind, we will neither need nor want … more

[ TIPS & TRICKS OF THE WEEK]

Fix the Culture, spread awareness to get awareness
Adoption of analytics tools and capabilities has not yet caught up to industry standards. Talent has always been the bottleneck towards achieving the comparative enterprise adoption. One of the primal reason is lack of understanding and knowledge within the stakeholders. To facilitate wider adoption, data analytics leaders, users, and community members needs to step up to create awareness within the organization. An aware organization goes a long way in helping get quick buy-ins and better funding which ultimately leads to faster adoption. So be the voice that you want to hear from leadership.

[ DATA SCIENCE Q&A]

Q:Which kernels do you know? How to choose a kernel?
A: * Gaussian kernel
* Linear kernel
* Polynomial kernel
* Laplace kernel
* Esoteric kernels: string kernels, chi-square kernels
* If number of features is large (relative to number of observations): SVM with linear kernel ; e.g. text classification with lots of words, small training example
* If number of features is small, number of observations is intermediate: Gaussian kernel
* If number of features is small, number of observations is small: linear kernel

Source

[ VIDEO OF THE WEEK]

 @AnalyticsWeek Panel Discussion: Finance and Insurance Analytics

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[ QUOTE OF THE WEEK]

In God we trust. All others must bring data. – W. Edwards Deming

[ PODCAST OF THE WEEK]

 Understanding #FutureOfData in #Health & #Medicine – @thedataguru / @InovaHealth #FutureOfData #Podcast

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[ FACT OF THE WEEK]

Poor data can cost businesses 20%–35% of their operating revenue.

Sourced from: Analytics.CLUB #WEB Newsletter

[  COVER OF THE WEEK ]

Pacman  Source

[ LOCAL EVENTS & SESSIONS]

• Dec 04, 2018 #WEB Thinkful Online Info Session: Becoming a Data Scientist
• Dec 11, 2018 #WEB Webinar – Power BI AI
• Dec 20, 2018 #WEB Stats for Data Viz: Interpreting Tableau’s p-value for Linear Regression

More WEB events? Click Here

[ AnalyticsWeek BYTES]

>> Data Scientists and the Practice of Data Science by bobehayes

>> Is Big Data The Most Hyped Technology Ever? by bobehayes

>> Apr 19, 18: #AnalyticsClub #Newsletter (Events, Tips, News & more..) by admin

Wanna write? Click Here

[ NEWS BYTES]

>>
 Diary Farmers of America invests in artificial intelligence – Fence Post Under  Artificial Intelligence

>>
 Global Big Data Security Market Global Market Demand, Growth, Opportunities, Top Key Players and Forecast to 2025 – Campus Telegraph Under  Big Data Security

>>
 Another View: Girls in STEM statistics are dismal, but here’s how we’re working to change that – Foster’s Daily Democrat Under  Statistics

More NEWS ? Click Here

[ FEATURED COURSE]

CPSC 540 Machine Learning

Machine learning (ML) is one of the fastest growing areas of science. It is largely responsible for the rise of giant data companies such as Google, and it has been central to the development of lucrative products, such … more

[ FEATURED READ]

How to Create a Mind: The Secret of Human Thought Revealed

Ray Kurzweil is arguably today’s most influential—and often controversial—futurist. In How to Create a Mind, Kurzweil presents a provocative exploration of the most important project in human-machine civilization—reverse… more

[ TIPS & TRICKS OF THE WEEK]

Analytics Strategy that is Startup Compliant
With right tools, capturing data is easy but not being able to handle data could lead to chaos. One of the most reliable startup strategy for adopting data analytics is TUM or The Ultimate Metric. This is the metric that matters the most to your startup. Some advantages of TUM: It answers the most important business question, it cleans up your goals, it inspires innovation and helps you understand the entire quantified business.

[ DATA SCIENCE Q&A]

Q:What does NLP stand for?
A: * Interaction with human (natural) and computers languages
* Involves natural language understanding

Major tasks:
– Machine translation
– Question answering: “what’s the capital of Canada?”
– Sentiment analysis: extract subjective information from a set of documents, identify trends or public opinions in the social media

– Information retrieval

Source

[ VIDEO OF THE WEEK]

 #BigData @AnalyticsWeek #FutureOfData #Podcast with @DavidRose, @DittoLabs

Subscribe to  Youtube

[ QUOTE OF THE WEEK]

Numbers have an important story to tell. They rely on you to give them a voice. – Stephen Few

[ PODCAST OF THE WEEK]

 @CRGutowski from @GE_Digital on Using #Analytics to #Transform Sales #FutureOfData #Podcast

Subscribe 

iTunes  GooglePlay

[ FACT OF THE WEEK]

Akamai analyzes 75 million events per day to better target advertisements.

Sourced from: Analytics.CLUB #WEB Newsletter

[  COVER OF THE WEEK ]

Data Accuracy  Source

[ LOCAL EVENTS & SESSIONS]

• Dec 09, 2018 #WEB IDEAS Free Online Workshop – An Introduction to Deep Learning for Tabular Data using Keras-Pandas
• Dec 01, 2018 #WEB Learnings from a 3 year Data Scientist.
• Dec 01, 2018 #WEB Machine Learning & Data Science Training

More WEB events? Click Here

[ AnalyticsWeek BYTES]

>> Map of US Hospitals and their Health Outcome Metrics by bobehayes

>> Tips To Hunt For That Great Travel Deal  by v1shal

>> Google Cloud security updates for SEO before 2018 GDPR to change business data interactions! by thomassujain

Wanna write? Click Here

[ NEWS BYTES]

>>
 Enlisting Machine Learning to Fight Data Center Outages – Data Center Knowledge Under  Data Center

>>
 CHART Study Shows New Hot Spots in Mental Health, Substance Misuse Crisis – BioSpace (press release) (blog) Under  Health Analytics

>>
 Big data service gives charterers estimate of vessels’ fuel efficiency – Tanker Shipping and Trade Under  Big Data

More NEWS ? Click Here

[ FEATURED COURSE]

CPSC 540 Machine Learning

Machine learning (ML) is one of the fastest growing areas of science. It is largely responsible for the rise of giant data companies such as Google, and it has been central to the development of lucrative products, such … more

[ FEATURED READ]

Data Science from Scratch: First Principles with Python

Data science libraries, frameworks, modules, and toolkits are great for doing data science, but they’re also a good way to dive into the discipline without actually understanding data science. In this book, you’ll learn … more

[ TIPS & TRICKS OF THE WEEK]

Data Have Meaning
We live in a Big Data world in which everything is quantified. While the emphasis of Big Data has been focused on distinguishing the three characteristics of data (the infamous three Vs), we need to be cognizant of the fact that data have meaning. That is, the numbers in your data represent something of interest, an outcome that is important to your business. The meaning of those numbers is about the veracity of your data.

[ DATA SCIENCE Q&A]

Q:Name a few famous API’s (for instance GoogleSearch)
A: Google API (Google Analytics, Picasa), Twitter API (interact with Twitter functions), GitHub API, LinkedIn API (users data)…
Source

[ VIDEO OF THE WEEK]

 @AnalyticsWeek Panel Discussion: Big Data Analytics

Subscribe to  Youtube

[ QUOTE OF THE WEEK]

Numbers have an important story to tell. They rely on you to give them a voice. – Stephen Few

[ PODCAST OF THE WEEK]

 Dave Ulrich (@dave_ulrich) talks about role / responsibility of HR in #FutureOfWork #JobsOfFuture #Podcast

Subscribe 

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[ FACT OF THE WEEK]

IDC Estimates that by 2020,business transactions on the internet- business-to-business and business-to-consumer – will reach 450 billion per day.

Sourced from: Analytics.CLUB #WEB Newsletter

[  COVER OF THE WEEK ]

Tour of Accounting  Source

[ LOCAL EVENTS & SESSIONS]

• Nov 17, 2018 #WEB Machine Learning & Data Science Training
• Dec 13, 2018 #WEB When not to use Blockchain? Evaluating Suitability of Applying Blockchain.
• Nov 20, 2018 #WEB Data-driven Marketing Blueprint for Real Estate: Workshop & Discussion

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[ AnalyticsWeek BYTES]

>> 6 Big Data Analytics Use Cases for Healthcare IT by analyticsweekpick

>> Sisense Hunch™ – Leadership Through Radical Innovation by analyticsweek

>> Next-generation supply & demand forecasting: How machine learning is helping retailers to save millions by analyticsweekpick

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[ NEWS BYTES]

>>
 Data Is The Foundation For Artificial Intelligence And Machine Learning – Forbes Under  Machine Learning

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 How to Get Into “Internet of Things” Investments – Banyan Hill Publishing Under  Internet Of Things

>>
 Beyond Big Data: The extreme data economy – Networks Asia Under  Big Data

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[ FEATURED COURSE]

Python for Beginners with Examples

A practical Python course for beginners with examples and exercises…. more

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The Future of the Professions: How Technology Will Transform the Work of Human Experts

This book predicts the decline of today’s professions and describes the people and systems that will replace them. In an Internet society, according to Richard Susskind and Daniel Susskind, we will neither need nor want … 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:Explain selection bias (with regard to a dataset, not variable selection). Why is it important? How can data management procedures such as missing data handling make it worse?
A: * Selection of individuals, groups or data for analysis in such a way that proper randomization is not achieved
Types:
– Sampling bias: systematic error due to a non-random sample of a population causing some members to be less likely to be included than others
– Time interval: a trial may terminated early at an extreme value (ethical reasons), but the extreme value is likely to be reached by the variable with the largest variance, even if all the variables have similar means
– Data: “cherry picking”, when specific subsets of the data are chosen to support a conclusion (citing examples of plane crashes as evidence of airline flight being unsafe, while the far more common example of flights that complete safely)
– Studies: performing experiments and reporting only the most favorable results
– Can lead to unaccurate or even erroneous conclusions
– Statistical methods can generally not overcome it

Why data handling make it worse?
– Example: individuals who know or suspect that they are HIV positive are less likely to participate in HIV surveys
– Missing data handling will increase this effect as it’s based on most HIV negative
-Prevalence estimates will be unaccurate

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[ VIDEO OF THE WEEK]

 Dave Ulrich (@dave_ulrich) talks about role / responsibility of HR in #FutureOfWork #JobsOfFuture #Podcast

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[ QUOTE OF THE WEEK]

Without big data, you are blind and deaf and in the middle of a freeway. – Geoffrey Moore

[ PODCAST OF THE WEEK]

 Discussing #InfoSec with @travturn, @hrbrmstr(@rapid7) @thebearconomist(@boozallen) @yaxa_io

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[ FACT OF THE WEEK]

Retailers who leverage the full power of big data could increase their operating margins by as much as 60%.

Sourced from: Analytics.CLUB #WEB Newsletter