Analysis of "A Predictive Analytics Primer" by Tom DavenportAloukik Aditya
This document provides an overview of predictive analytics. It explains that predictive analysis uses past data to predict future outcomes. It emphasizes that the quality of the underlying data is crucial, as poor or unrepresentative data can negatively impact predictive models. The document also notes that assumptions used in models are important and can become invalid over time as behaviors change. It concludes by highlighting some key questions managers should ask analysts to better understand the limitations and validity of predictive analytics results.
Srijon Sarkar is a 4th year CSE student at Heritage Institute of Technology with a 9.23 GPA. His objective is to become a data analyst and he has skills in programming languages like Python, R, and Excel for data analytics. He has taken several online courses in Python, machine learning, and data science and completed projects analyzing bike share data, medical appointments, A/B tests, and Twitter data. His hobbies include cars and sports.
Analysis of "Data is Worthless if You Don’t Communicate It" by Thomas H. Dave...Et Hish
There is a growing need for businesspeople who can analyze and make decisions based on data. While data is being generated in large quantities, it is often not used efficiently or effectively communicated. Properly analyzing, visualizing, and communicating data is important. Presenting data in a way that convinces others and gives meaning to the analysis is key. A simple framework for communicating includes outlining the business problem, measurement approach, available data, hypothesis, solution, and impact.
Steve Shellman - Past Projects of Strategic Analysis Enterprises, Inc.Stephen Shellman
Steve Shellman is the president and chief scientist of Strategic Analysis Enterprises, a company that provides statistical analysis and forecasting to government and corporate clients. Using social science theories and natural language processing, the company can predict future events like uprisings with over 90% accuracy. One notable past project was ICEWS, which was developed for DARPA to predict the likelihood of global violence using three components: iTrace analyzes news reports, iSent acquires data from blogs to replace polling, and iCast determines the probability of insurgencies.
Statistical analysis can provide managers with useful insights if done properly. It allows companies to understand market trends from representative consumer data, avoiding reliance on assumptions. Statistics also enable quality control by measuring production processes to minimize variations and ensure consistency, reducing waste and warranty costs. However, statistics must be interpreted carefully as results can be influenced by flawed data or misused to push certain conclusions. The full context must be considered and statistical significance does not necessarily equal practical importance.
This document presents an overview of various organizational planning tools including a business plan for a proposed airline called Puddle Jumpers Airlines. The business plan outlines the management experience, proposed service area, and importance to stakeholders. Additional tools summarized are the 5 Whys technique, cost-benefit analysis, force-field analysis, six thinking hats, fishbone diagrams, decision trees, and a bibliography of references.
BIG DATA is DEAD | Marc Weimer-Hablitzel, Etventure | DN18DataconomyGmbH
The document argues that "Big Data is Dead" and provides evidence for this claim. It outlines three signs that Big Data is failing: (1) most Big Data projects fail due to issues with data quality, lack of data, and lack of talent; (2) the focus should be on use cases and business impact rather than technology; (3) iterative testing and a customer-centric approach are more important than just collecting and storing large amounts of data. The key is to start small, test early, and iterate fast based on customer needs rather than what data is available. Impact should come before collecting large datasets.
Analysis of "A Predictive Analytics Primer" by Tom DavenportAloukik Aditya
This document provides an overview of predictive analytics. It explains that predictive analysis uses past data to predict future outcomes. It emphasizes that the quality of the underlying data is crucial, as poor or unrepresentative data can negatively impact predictive models. The document also notes that assumptions used in models are important and can become invalid over time as behaviors change. It concludes by highlighting some key questions managers should ask analysts to better understand the limitations and validity of predictive analytics results.
Srijon Sarkar is a 4th year CSE student at Heritage Institute of Technology with a 9.23 GPA. His objective is to become a data analyst and he has skills in programming languages like Python, R, and Excel for data analytics. He has taken several online courses in Python, machine learning, and data science and completed projects analyzing bike share data, medical appointments, A/B tests, and Twitter data. His hobbies include cars and sports.
Analysis of "Data is Worthless if You Don’t Communicate It" by Thomas H. Dave...Et Hish
There is a growing need for businesspeople who can analyze and make decisions based on data. While data is being generated in large quantities, it is often not used efficiently or effectively communicated. Properly analyzing, visualizing, and communicating data is important. Presenting data in a way that convinces others and gives meaning to the analysis is key. A simple framework for communicating includes outlining the business problem, measurement approach, available data, hypothesis, solution, and impact.
Steve Shellman - Past Projects of Strategic Analysis Enterprises, Inc.Stephen Shellman
Steve Shellman is the president and chief scientist of Strategic Analysis Enterprises, a company that provides statistical analysis and forecasting to government and corporate clients. Using social science theories and natural language processing, the company can predict future events like uprisings with over 90% accuracy. One notable past project was ICEWS, which was developed for DARPA to predict the likelihood of global violence using three components: iTrace analyzes news reports, iSent acquires data from blogs to replace polling, and iCast determines the probability of insurgencies.
Statistical analysis can provide managers with useful insights if done properly. It allows companies to understand market trends from representative consumer data, avoiding reliance on assumptions. Statistics also enable quality control by measuring production processes to minimize variations and ensure consistency, reducing waste and warranty costs. However, statistics must be interpreted carefully as results can be influenced by flawed data or misused to push certain conclusions. The full context must be considered and statistical significance does not necessarily equal practical importance.
This document presents an overview of various organizational planning tools including a business plan for a proposed airline called Puddle Jumpers Airlines. The business plan outlines the management experience, proposed service area, and importance to stakeholders. Additional tools summarized are the 5 Whys technique, cost-benefit analysis, force-field analysis, six thinking hats, fishbone diagrams, decision trees, and a bibliography of references.
BIG DATA is DEAD | Marc Weimer-Hablitzel, Etventure | DN18DataconomyGmbH
The document argues that "Big Data is Dead" and provides evidence for this claim. It outlines three signs that Big Data is failing: (1) most Big Data projects fail due to issues with data quality, lack of data, and lack of talent; (2) the focus should be on use cases and business impact rather than technology; (3) iterative testing and a customer-centric approach are more important than just collecting and storing large amounts of data. The key is to start small, test early, and iterate fast based on customer needs rather than what data is available. Impact should come before collecting large datasets.
The problem of hiring the data scientist and how difficult it sometimes is to hire the right data scientist and what steps a manager can take to overcome this
This document provides an overview of predictive analytics and highlights some key considerations. It defines predictive analytics as using past data to predict the future. The most common barrier to predictive analytics is a lack of good data. All predictive models are based on assumptions about the future being like the past; these assumptions can become invalid over time if key variables change or the model is based on outdated data. Managers should understand the assumptions behind any predictive analysis and monitor whether conditions could make the assumptions invalid.
The document discusses a McKinsey report on the future of jobs and skills in light of advances in cognitive computing, AI, and machine learning. The report sought to answer questions about whether there will be enough work, which jobs will thrive or decline, and the implications for skills and wages. The document notes both good news and not-so-good news from the report. It recommends cultivating foresight, taking stock of industry changes, anticipating implications, and developing agility and resilience to navigate turbulent times. The rest of the document discusses anticipating possible futures by examining how different stages of the data and analytic lifecycles may change and the opportunities and skills needed.
Too Large To Fail: Large Samples and False DiscoveriesGalit Shmueli
Slides from Galit Shmueli's talk at the closing panel "Too Much Data + Too Much Statistics = Too Many Errors?" at the 2014 Israel Statistical Association symposium.
My Career in Data Analytics + Learning Resources for Data Scientists and Anal...Stephen Tracy
These are slides from a talk I gave at a General Assembly event hosted in Singapore on June 6th 2018, titled Talk Data to Me. Here's a link to the event page:
https://generalassemb.ly/education/talk-data-to-me-learning-resources-books-for-data-analysts-and-scientists
The event featured 4 speakers (myself included), all of which were practitioners working in the field of data analytics. Each speaker was asked to share a little about their career path, and to share learning resources for others looking to break into the field.
Dr. Leland Lockhart gave an introductory presentation on data science. He defined data science as the application of scientific techniques to extract useful information from data, involving interdisciplinary problem solving. Data scientists solve problems using predictive modeling and work with data through primary phases including cleaning, modeling, and visualization. Their daily work involves cleaning and integrating messy data, evaluating counts and metrics, creating models and visualizations, troubleshooting issues, and fixing broken things as data and code evolve. Resources for getting started in data science include books, online courses, and open-source software like Python and R.
Martin Matula - Beeline, David Pesante - Beeline, Dylan Cotter - Tibco
This panel of analytics experts explored how data driven analytics is defined by using insight drawn from a comprehensive and continuous assembly and evaluation of relevant information to aid in a decision or plan of action.
With a more continuous and dynamic collection of data organically prepares a company to proactively meet requirements before they become emergencies.
Learn how data can be harnessed to create actionable insight
Quantitative methods are applicable for IA thinking be it for hypothesis generation, instrumentation, data collection and analysis of information at scales never before possible with insights that are comparable over time, generalizable and extensible.
Quantitative skills can allow IAs to interpret and analyze others’ designs and research more readily, as well as combine methods and models for meta-analysis to help IAs move from description to prediction in designing and developing future interfaces and architectures.
This presentation will review why you should use quantitative methods and discuss both foundational and emerging ideas that are applicable for content analysis, behavioral modeling, social media usage, informetrics and other IA-related issues.
http://donturn.com or http://twitter.com/donturn
The document discusses modeling techniques for business decision making. It introduces Simon Raper and his expertise in areas like statistics, simulation, machine learning and coding. The document then uses an example of determining a marketing budget to illustrate how to build a simple model quickly using available data and common sense assumptions. It discusses exploring the model dynamics through simulation, uncertainty through Monte Carlo simulation, and updating assumptions based on new data using Bayesian inference. The key is building a useful model that directly informs the decision, without unnecessary complexity or assumptions.
Data Analysis: Putting Data Capital to WorkMohit Mahendra
This short deck explains the work of a modern data analyst. Putting data capital to work in the business enables decision quality & velocity, operating speed and growth
This document provides an overview of various quantitative forecasting techniques, including moving averages, trend analysis, exponential smoothing, ARIMA models, and econometric models. It describes when each technique is best used, their advantages and disadvantages, and provides examples. The techniques range from simple methods like moving averages to more complex approaches like ARIMA and econometric models, with the key being choosing the right technique based on the characteristics of the data and forecasting needs.
Data Interoperability for Learning Analytics and Lifelong LearningMegan Bowe
This document discusses the need for data interoperability to enable lifelong learning analytics. It notes that currently most learning analytics focus on understanding and optimizing formal learning environments rather than the learner perspective across multiple contexts. The lack of interoperability between different education systems means data is often stored in incompatible ways, making analysis difficult. The document proposes using open standards like xAPI to better link learning data across systems and support personalized, lifelong learning through interoperable analysis.
This presentation explores the use of data to evaluate ergonomic risk factors and how PG&E collected this data to help create an algorithm that accurately predicts the risk of ergonomic discomfort.
This document discusses using a data strategy and the Experience API (xAPI) to analyze workforce performance data and improve business results. It argues that learning and development should be data-driven like other business functions. xAPI allows organizations to capture data on employee interactions, activities, and results in a standardized way. The document outlines developing a data strategy, including deciding what interactions and results to track. It also discusses using analytics and intelligence amplification to provide adaptive learning experiences based on employee data and predict future needs.
The document describes a study that tested whether feedback could help everyday people better interpret data visualizations. Participants were asked to compare sections of pie charts and bar charts and estimate percentages. Some participants received feedback on their estimates of pie charts. Those who received feedback improved at interpreting pie charts over the course of the experiment compared to those who did not receive feedback, suggesting feedback can help develop data literacy skills.
The document discusses how artificial intelligence will impact the future workplace. It provides examples of technologies like Humanyze employee badges and Hitachi's happiness meter that collect employee data through sensors to provide insights into team interactions, productivity, and satisfaction. It also discusses Workday's talent retention tool that predicts employee turnover using past and real-time data points. While AI can optimize workplace layouts, communications, and engagement, it also poses risks like privacy concerns if data is misused or creates an Orwellian work environment under authoritarian regimes.
This document contains a collection of quotes related to statistics and data. Some key quotes emphasize that while data and information are important, they must be used carefully and combined with human intelligence, judgement, and insight. Other quotes note that statistics can be flexible and misleading if not interpreted carefully, and that collecting quality data over long periods of time is important for analysis. The overall message is that statistics are a useful tool but have limitations, and human discernment is still needed.
The Data Errors we Make by Sean Taylor at Big Data Spain 2017Big Data Spain
Where statistical errors come from, how they cause us to make bad decisions, and what to do about it.
https://www.bigdataspain.org/2017/talk/the-data-errors-we-make
Big Data Spain 2017
16th - 17th November Kinépolis Madrid
This document discusses using machine learning to optimize future outcomes rather than just predict them. It explains that randomized studies are needed to accurately predict the effects of actions, but sometimes this is not possible with observational data alone. The document proposes techniques like transfer learning, common support analysis, and generative adversarial networks to help evaluate strategies without randomized trials by expanding the available data.
The best stats you've ever seen by hans roslingDarpan Deoghare
Hans Rosling is a medical doctor and statistician who co-founded the Gapminder Foundation. He taught a class on global development where students had preconceived notions about statistics that failed to predict realities. Rosling argued there is a pressing need to make publicly available data more accessible by moving it out of databases and into searchable, visual formats. This allows people to more easily understand and use data to identify patterns and insights, helping to address common myths. Managers should analyze their company's non-confidential data and transform it into logical infographics to encourage employees to gather new insights.
Analysis of “what do you do with all this big data” –ted talk by susan etlingerDarpan Deoghare
The document summarizes key points from a Ted Talk about managing big data. It notes that big data comes from many sources like social media, smartphones, and online activities. While big data can provide insights, it also needs to be interpreted carefully to avoid misinterpretations. Managers need to focus on critical thinking when analyzing big data and consider factors beyond just facts and figures to avoid misleading conclusions. Proper analysis and communication is needed to ensure insights are derived while maintaining public trust in how data is used and interpreted.
The problem of hiring the data scientist and how difficult it sometimes is to hire the right data scientist and what steps a manager can take to overcome this
This document provides an overview of predictive analytics and highlights some key considerations. It defines predictive analytics as using past data to predict the future. The most common barrier to predictive analytics is a lack of good data. All predictive models are based on assumptions about the future being like the past; these assumptions can become invalid over time if key variables change or the model is based on outdated data. Managers should understand the assumptions behind any predictive analysis and monitor whether conditions could make the assumptions invalid.
The document discusses a McKinsey report on the future of jobs and skills in light of advances in cognitive computing, AI, and machine learning. The report sought to answer questions about whether there will be enough work, which jobs will thrive or decline, and the implications for skills and wages. The document notes both good news and not-so-good news from the report. It recommends cultivating foresight, taking stock of industry changes, anticipating implications, and developing agility and resilience to navigate turbulent times. The rest of the document discusses anticipating possible futures by examining how different stages of the data and analytic lifecycles may change and the opportunities and skills needed.
Too Large To Fail: Large Samples and False DiscoveriesGalit Shmueli
Slides from Galit Shmueli's talk at the closing panel "Too Much Data + Too Much Statistics = Too Many Errors?" at the 2014 Israel Statistical Association symposium.
My Career in Data Analytics + Learning Resources for Data Scientists and Anal...Stephen Tracy
These are slides from a talk I gave at a General Assembly event hosted in Singapore on June 6th 2018, titled Talk Data to Me. Here's a link to the event page:
https://generalassemb.ly/education/talk-data-to-me-learning-resources-books-for-data-analysts-and-scientists
The event featured 4 speakers (myself included), all of which were practitioners working in the field of data analytics. Each speaker was asked to share a little about their career path, and to share learning resources for others looking to break into the field.
Dr. Leland Lockhart gave an introductory presentation on data science. He defined data science as the application of scientific techniques to extract useful information from data, involving interdisciplinary problem solving. Data scientists solve problems using predictive modeling and work with data through primary phases including cleaning, modeling, and visualization. Their daily work involves cleaning and integrating messy data, evaluating counts and metrics, creating models and visualizations, troubleshooting issues, and fixing broken things as data and code evolve. Resources for getting started in data science include books, online courses, and open-source software like Python and R.
Martin Matula - Beeline, David Pesante - Beeline, Dylan Cotter - Tibco
This panel of analytics experts explored how data driven analytics is defined by using insight drawn from a comprehensive and continuous assembly and evaluation of relevant information to aid in a decision or plan of action.
With a more continuous and dynamic collection of data organically prepares a company to proactively meet requirements before they become emergencies.
Learn how data can be harnessed to create actionable insight
Quantitative methods are applicable for IA thinking be it for hypothesis generation, instrumentation, data collection and analysis of information at scales never before possible with insights that are comparable over time, generalizable and extensible.
Quantitative skills can allow IAs to interpret and analyze others’ designs and research more readily, as well as combine methods and models for meta-analysis to help IAs move from description to prediction in designing and developing future interfaces and architectures.
This presentation will review why you should use quantitative methods and discuss both foundational and emerging ideas that are applicable for content analysis, behavioral modeling, social media usage, informetrics and other IA-related issues.
http://donturn.com or http://twitter.com/donturn
The document discusses modeling techniques for business decision making. It introduces Simon Raper and his expertise in areas like statistics, simulation, machine learning and coding. The document then uses an example of determining a marketing budget to illustrate how to build a simple model quickly using available data and common sense assumptions. It discusses exploring the model dynamics through simulation, uncertainty through Monte Carlo simulation, and updating assumptions based on new data using Bayesian inference. The key is building a useful model that directly informs the decision, without unnecessary complexity or assumptions.
Data Analysis: Putting Data Capital to WorkMohit Mahendra
This short deck explains the work of a modern data analyst. Putting data capital to work in the business enables decision quality & velocity, operating speed and growth
This document provides an overview of various quantitative forecasting techniques, including moving averages, trend analysis, exponential smoothing, ARIMA models, and econometric models. It describes when each technique is best used, their advantages and disadvantages, and provides examples. The techniques range from simple methods like moving averages to more complex approaches like ARIMA and econometric models, with the key being choosing the right technique based on the characteristics of the data and forecasting needs.
Data Interoperability for Learning Analytics and Lifelong LearningMegan Bowe
This document discusses the need for data interoperability to enable lifelong learning analytics. It notes that currently most learning analytics focus on understanding and optimizing formal learning environments rather than the learner perspective across multiple contexts. The lack of interoperability between different education systems means data is often stored in incompatible ways, making analysis difficult. The document proposes using open standards like xAPI to better link learning data across systems and support personalized, lifelong learning through interoperable analysis.
This presentation explores the use of data to evaluate ergonomic risk factors and how PG&E collected this data to help create an algorithm that accurately predicts the risk of ergonomic discomfort.
This document discusses using a data strategy and the Experience API (xAPI) to analyze workforce performance data and improve business results. It argues that learning and development should be data-driven like other business functions. xAPI allows organizations to capture data on employee interactions, activities, and results in a standardized way. The document outlines developing a data strategy, including deciding what interactions and results to track. It also discusses using analytics and intelligence amplification to provide adaptive learning experiences based on employee data and predict future needs.
The document describes a study that tested whether feedback could help everyday people better interpret data visualizations. Participants were asked to compare sections of pie charts and bar charts and estimate percentages. Some participants received feedback on their estimates of pie charts. Those who received feedback improved at interpreting pie charts over the course of the experiment compared to those who did not receive feedback, suggesting feedback can help develop data literacy skills.
The document discusses how artificial intelligence will impact the future workplace. It provides examples of technologies like Humanyze employee badges and Hitachi's happiness meter that collect employee data through sensors to provide insights into team interactions, productivity, and satisfaction. It also discusses Workday's talent retention tool that predicts employee turnover using past and real-time data points. While AI can optimize workplace layouts, communications, and engagement, it also poses risks like privacy concerns if data is misused or creates an Orwellian work environment under authoritarian regimes.
This document contains a collection of quotes related to statistics and data. Some key quotes emphasize that while data and information are important, they must be used carefully and combined with human intelligence, judgement, and insight. Other quotes note that statistics can be flexible and misleading if not interpreted carefully, and that collecting quality data over long periods of time is important for analysis. The overall message is that statistics are a useful tool but have limitations, and human discernment is still needed.
The Data Errors we Make by Sean Taylor at Big Data Spain 2017Big Data Spain
Where statistical errors come from, how they cause us to make bad decisions, and what to do about it.
https://www.bigdataspain.org/2017/talk/the-data-errors-we-make
Big Data Spain 2017
16th - 17th November Kinépolis Madrid
This document discusses using machine learning to optimize future outcomes rather than just predict them. It explains that randomized studies are needed to accurately predict the effects of actions, but sometimes this is not possible with observational data alone. The document proposes techniques like transfer learning, common support analysis, and generative adversarial networks to help evaluate strategies without randomized trials by expanding the available data.
The best stats you've ever seen by hans roslingDarpan Deoghare
Hans Rosling is a medical doctor and statistician who co-founded the Gapminder Foundation. He taught a class on global development where students had preconceived notions about statistics that failed to predict realities. Rosling argued there is a pressing need to make publicly available data more accessible by moving it out of databases and into searchable, visual formats. This allows people to more easily understand and use data to identify patterns and insights, helping to address common myths. Managers should analyze their company's non-confidential data and transform it into logical infographics to encourage employees to gather new insights.
Analysis of “what do you do with all this big data” –ted talk by susan etlingerDarpan Deoghare
The document summarizes key points from a Ted Talk about managing big data. It notes that big data comes from many sources like social media, smartphones, and online activities. While big data can provide insights, it also needs to be interpreted carefully to avoid misinterpretations. Managers need to focus on critical thinking when analyzing big data and consider factors beyond just facts and figures to avoid misleading conclusions. Proper analysis and communication is needed to ensure insights are derived while maintaining public trust in how data is used and interpreted.
This document discusses the importance of data fluency skills in the 21st century. It defines key terms like data science, machine learning, data literacy, and statistical literacy. While these fields require extensive training, the document argues that domain expertise combined with basic data analysis skills can solve many problems. These basic skills include understanding data structures, using programming to interact with data, and exploratory data analysis through visualization. The data analysis process involves defining problems, collecting and preparing data, visualization and modeling, and communicating results. RStudio is presented as a tool that can support the entire data analysis process within a single integrated development environment.
This document discusses how data can be better visualized and shared with the public. It notes that while there is a lot of data available, it is often hidden away in databases and not presented in a way that is understandable. The author advocates using design tools like Gapminder to animate and make data more visually appealing. This allows complex datasets to be presented in a simple way that helps people see patterns and hidden meanings in the information. Properly designing and sharing publicly available data online using searchable formats can help more people understand and utilize important statistics.
This will explain you what is data visualization,why we need it,what are the technologies in it ,tools available for it and it ends up with how can we get the excellence in visualization
The document provides an overview of data science. It defines data science as a field that encompasses data analysis, predictive analytics, data mining, business intelligence, machine learning, and deep learning. It explains that data science uses both traditional structured data stored in databases as well as big data from various sources. The document also describes how data scientists preprocess and analyze data to gain insights into past behaviors using business intelligence and then make predictions about future behaviors.
Big Data for International DevelopmentAlex Rascanu
Alex Rascanu delivered the "Big Data for International Development" presentation at the International Development Conference that took place on February 7, 2015 at University of Toronto Scarborough.
Data science and data analytics major similarities and distinctions (1)Robert Smith
Those working in the field of technology hear the terms ‘Data Science’ and ‘Data Analytics’ probably all the time. These two words are often used interchangeably. Big data is a major component in the tech world today due to the actionable insights and results it offers for businesses. In order to study the data that your organization is producing, it is important to use the proper tools needed to comprehend big data to uncover the right information. To help you optimize your analytics, it is important for you to examine both the similarities and differences of data science and data analytics.
Everyone is a data scientist today, but that is impossible. How do you spot the real data scientist from the fake? Some people just lie. Don't be fooled this presentation will help find the fools
This document discusses the roles of data scientists and data analysts. It provides definitions for both from sources like Gartner and the US Bureau of Labor Statistics. A data scientist represents an evolution from the analyst role, requiring strong business and communication skills in addition to technical skills. Data scientists explore multiple data sources to discover previously hidden insights, while analysts focus on single sources and reporting. The document emphasizes that data scientists pick important business problems and communicate solutions, while cautioning against "fools with tools" being mistaken for qualified professionals.
This document provides guidance on how to start thinking like a data scientist. It recommends starting with a question that interests you and developing a plan to collect relevant data to answer the question. It stresses the importance of trusting the data collected and addressing any gaps. The document advises visualizing the data through pictures to help understand and communicate findings. It also emphasizes determining the significance of the results by asking "so what?" and ensuring findings are both interesting and important before concluding the analysis.
This document discusses how making data more human can benefit managers. It suggests analyzing employee feedback and work culture data to understand sentiment and maintain a good environment. Retention data can be used to modify policies and counseling based on employee needs and wishes. Performance can be optimized by analyzing project data to reduce wasted time and identify efficient solutions. Strategic planning can leverage data analysis to predict the future, estimate events, and gain powerful insights backed by facts. Overall, taking a human-centric approach to data by relating it to human behaviors and contexts can improve comprehension and help address management challenges.
Please accept this assignment 25 pages minimum double space courie.docxrandymartin91030
Please accept this assignment 25 pages minimum double space courier new 12 font due before midnight 20 July 2011. Price set at 220 dollars. Please accept. Kindly separate each ITM501cs1, cs2, cs3, cs4, and cs5 to include a reference page for each.
ITM501cs1 – (5 to 7 pages double spaced courier new 12 font and include reference page)
Information overload! The phrase alone is enough to strike terror into the hardiest of managers; it presages the breakdown of society as we know it and the failure of management to cope with change. The media constantly dissect the forthcoming collapse brought on by TMI ("Too Much Information"), even as they themselves pile up larger and larger dossiers on the subject, and we are frequently informed that it is our own damn fault that we are drowning in data, since we simply can't discriminate between the important stuff and everything else. Hence, the info-tsunami warning signs posted all along what we once so naively called the "information superhighway".
Of course, this is arrant nonsense -- human beings have been suffering from information overload in varying forms since about the time we hit the ground and found ourselves simultaneously running after the antelope and away from the lion. There's no question that the human mind has a limited capacity to process information, but after several million years we've gotten pretty good at figuring out how to handle a lot. The two basic tricks turn out to be distinguishing between short-term and long-term information storage, and "chunking" -- putting things in a limited number of baskets. This isn't primarily a course in the psychology of memory -- it's about information tools and systems -- but in fact the same things that make our information tools and systems work are the same things that have kept us near the antelopes and away from the lions (mostly) for the last million years or so. So we're beginning this course by thinking about information tools, what makes them like and unlike other kinds of tools, how the concept of a socio-technical system (in which social and behavioral functions shape results as much as does the technology itself) helps make sense of what we're facing, and why the technology just might win after all.
Let's start with a little historical review. Amy Blair has recently done a very intriguing summary of just why information overload isn't something that we, or still less our kids, dreamed up -- people have been drowning in data for ages regardless of the tools at their disposal:
Blair, A. (2010) Information Overload, Then and Now. The Chronicle of Higher Education Review. November 28. Retrieved November 15, 2010 from http://chronicle.com/article/Information-Overload-Then-and/125479/?sid=cr&utm_source=cr&utm_medium=en
We thought we had it all nailed down when the information theorists came up with their typology distinguishing between "data" (raw stuff), "information" (cooked stuff), and "knowledge" (cooked stuff that we've eaten). Thi.
How to start thinking like a data scientistDebashish Jana
Data scientists spend most of their time preparing data by getting it into the right format, augmenting it, and checking for missing information. This is an ongoing process that is time-intensive. They also face challenges in applying domain expertise to solve problems and refining data for high-quality analytics. Valuable skills for data scientists include expertise in databases, software engineering, machine learning, statistics, and being inquisitive. For managers in India, data science is the fastest growing field and companies are looking to strengthen their data teams and hire people skilled in tools like R, Python, and Hadoop.
This is the second edition of Machine Learning and Language. If it seems to be almost identical to the initial version, which focused on a different area of science, that's the point...
This document discusses how companies can use big data to adapt their market strategies in a volatile, uncertain, complex, and ambiguous (VUCA) world. It explains that big data allows for predictive, descriptive, and discovery analytics that can help companies anticipate issues, understand consequences, and identify opportunities. However, companies need to have an adaptable structure and decentralized data architecture to effectively leverage big data insights. Doing so will help companies better plan for alternative realities, manage risks, and foster change to remain competitive in a constantly changing environment.
This presentation analyses the beautiful TED Talk of Alan Smith on "Why should you love statistics". Gathering the insights and employing those insights is the major task of this presentation.
The document discusses how Amazon and Netflix used data analysis to develop successful TV shows. Amazon held a competition to select TV show pilots, then analyzed viewer data like ratings and histories to develop shows. They concluded a sitcom about Republican senators would do well but "Alpha House" was only average. Netflix's Chief Content Officer looked at their viewer data to make "House of Cards", betting on a drama about a senator, which became a hit with a 9.1 rating. However, the document notes that while data analysis is useful, it does not always lead to optimal results, and following data alone can lead to wrong decisions. Complex problems require both deep analysis of parts and combining them insightfully.
1. The document discusses how a working knowledge of data science can help leaders make confident decisions.
2. It outlines key steps for turning analytics into genuine insights such as understanding experiments and data generation processes, using domain knowledge, and developing a "know it and not just think it" culture.
3. The steps include understanding experiments and data generation processes, using domain knowledge from one's own business to explain results, and developing a culture where analytics are truly understood rather than just considered.
David McCandless turns complex data sets into simple, beautiful diagrams that reveal unseen patterns and connections. Good design is the best way to navigate information overload and may change how we see the world. He suggests visualizing information so we can see important patterns and connections, designing it to tell a story or focus on what matters. Information visualization can be applied beyond data to ideas and concepts, with the goal of solving information problems.
The document discusses how data-driven companies are more profitable and outlines traits of data-driven organizations. It then provides a self-assessment for individuals and management teams to evaluate how data-driven they are. The two most relevant insights are:
1) Companies that use data to make decisions at all levels of the organization and bring diverse data into decision making are more successful.
2) To be truly data-driven, organizations must invest in high quality data and data sources to develop a deep understanding and make reasonable decisions despite uncertainty.
The document discusses the importance of including all parts of society, especially writers, poets and artists, in data analysis to provide human context. It also discusses how history is being stored on devices and data only gains meaning when put in a human context. Managers must understand the importance of considering the human element in the data they analyze to gain comprehensive insights. There is significant contribution that big data and computation can provide for social and emotional aspects, which are new avenues for business.
How to Start Thinking Like a Data Scientist" by Thomas C. RedmanParul Verma
This document outlines how managers can start thinking like data scientists through a simple exercise. It recommends asking a question, defining relevant data to answer it, collecting that data, creating visualizations and summary statistics, and developing insights. This helps managers understand the importance of data analysis for effective decision making and gaining competitive advantages. The insights are relevant for Indian managers as it encourages incorporating data-driven thinking in their daily work for better outcomes.
Susan Etlinger explains that interpreting data based on whether it makes you feel comfortable or successful is likely incorrect. As we receive more data, we need stronger critical thinking skills to move beyond just counting things to truly understanding them. Interpreting data requires context about how it was created and limitations in metrics. Managers should focus on humanities and social sciences to provide needed context for better data-driven decisions.
Data Scientists : The Hottest job of the 21st centuryParul Verma
Data scientists bring structure to large amounts of unstructured data by analyzing it. They help decision makers move from ad hoc analysis to engaging with big data in a systematic way. Data scientists want to build things with data rather than just provide advice, and are attracted to jobs that give them real-time insights into developing situations to advise executives on how data impacts products, processes, and decisions.
Alan Smith explores the mismatch between people's perception of their ability to understand statistics and the reality. While many think they have strong statistical skills, people are actually quite poor at intuitive statistics due to factors like individual experiences and media focusing on exceptions. This disconnect is important for managers to understand when making decisions based on consumer data and surveys in diverse markets like India.
The document describes a college management app called CollegeConnect. It is a 2-in-1 app that provides both project management and task organization for college students involved in various clubs and departments. The app aims to help students stay organized and track their work across multiple groups. It offers features like private/group chat, task manager, reminder settings, and media sharing. The company plans to launch free and premium versions of the app to attract customers and break even within 3 years. It sees the college student market as a potential opportunity given increasing mobile phone usage and the need for better task organization across groups.
The document introduces the key players at Pemberton and provides context for analyzing test market results for Pemberton's new product, Krispy Natural. It conducted market tests in Columbus and 3 Southeast cities to understand consumer preferences and receptiveness. Based on reviewing the test results, Pemberton must determine the best marketing strategy to roll out Krispy Natural nationally and ensure competitive advantage over other salty snack brands. The document will examine Pemberton's marketing strategies, the test market rollout and analysis of results. It will also review how Pemberton entered the salty snacks market originally and reasons for a fall in sales.
Twitter is a global social media platform that allows users to share short messages called tweets. It has had a significant societal impact, such as spreading information during emergencies and political events. Though it now has over 500 million users worldwide, Twitter faces challenges in continuing its global expansion, such as curbing abusive behavior and retaining users and executives.
Global Situational Awareness of A.I. and where its headedvikram sood
You can see the future first in San Francisco.
Over the past year, the talk of the town has shifted from $10 billion compute clusters to $100 billion clusters to trillion-dollar clusters. Every six months another zero is added to the boardroom plans. Behind the scenes, there’s a fierce scramble to secure every power contract still available for the rest of the decade, every voltage transformer that can possibly be procured. American big business is gearing up to pour trillions of dollars into a long-unseen mobilization of American industrial might. By the end of the decade, American electricity production will have grown tens of percent; from the shale fields of Pennsylvania to the solar farms of Nevada, hundreds of millions of GPUs will hum.
The AGI race has begun. We are building machines that can think and reason. By 2025/26, these machines will outpace college graduates. By the end of the decade, they will be smarter than you or I; we will have superintelligence, in the true sense of the word. Along the way, national security forces not seen in half a century will be un-leashed, and before long, The Project will be on. If we’re lucky, we’ll be in an all-out race with the CCP; if we’re unlucky, an all-out war.
Everyone is now talking about AI, but few have the faintest glimmer of what is about to hit them. Nvidia analysts still think 2024 might be close to the peak. Mainstream pundits are stuck on the wilful blindness of “it’s just predicting the next word”. They see only hype and business-as-usual; at most they entertain another internet-scale technological change.
Before long, the world will wake up. But right now, there are perhaps a few hundred people, most of them in San Francisco and the AI labs, that have situational awareness. Through whatever peculiar forces of fate, I have found myself amongst them. A few years ago, these people were derided as crazy—but they trusted the trendlines, which allowed them to correctly predict the AI advances of the past few years. Whether these people are also right about the next few years remains to be seen. But these are very smart people—the smartest people I have ever met—and they are the ones building this technology. Perhaps they will be an odd footnote in history, or perhaps they will go down in history like Szilard and Oppenheimer and Teller. If they are seeing the future even close to correctly, we are in for a wild ride.
Let me tell you what we see.
4th Modern Marketing Reckoner by MMA Global India & Group M: 60+ experts on W...Social Samosa
The Modern Marketing Reckoner (MMR) is a comprehensive resource packed with POVs from 60+ industry leaders on how AI is transforming the 4 key pillars of marketing – product, place, price and promotions.
Learn SQL from basic queries to Advance queriesmanishkhaire30
Dive into the world of data analysis with our comprehensive guide on mastering SQL! This presentation offers a practical approach to learning SQL, focusing on real-world applications and hands-on practice. Whether you're a beginner or looking to sharpen your skills, this guide provides the tools you need to extract, analyze, and interpret data effectively.
Key Highlights:
Foundations of SQL: Understand the basics of SQL, including data retrieval, filtering, and aggregation.
Advanced Queries: Learn to craft complex queries to uncover deep insights from your data.
Data Trends and Patterns: Discover how to identify and interpret trends and patterns in your datasets.
Practical Examples: Follow step-by-step examples to apply SQL techniques in real-world scenarios.
Actionable Insights: Gain the skills to derive actionable insights that drive informed decision-making.
Join us on this journey to enhance your data analysis capabilities and unlock the full potential of SQL. Perfect for data enthusiasts, analysts, and anyone eager to harness the power of data!
#DataAnalysis #SQL #LearningSQL #DataInsights #DataScience #Analytics
06-04-2024 - NYC Tech Week - Discussion on Vector Databases, Unstructured Data and AI
Discussion on Vector Databases, Unstructured Data and AI
https://www.meetup.com/unstructured-data-meetup-new-york/
This meetup is for people working in unstructured data. Speakers will come present about related topics such as vector databases, LLMs, and managing data at scale. The intended audience of this group includes roles like machine learning engineers, data scientists, data engineers, software engineers, and PMs.This meetup was formerly Milvus Meetup, and is sponsored by Zilliz maintainers of Milvus.
State of Artificial intelligence Report 2023kuntobimo2016
Artificial intelligence (AI) is a multidisciplinary field of science and engineering whose goal is to create intelligent machines.
We believe that AI will be a force multiplier on technological progress in our increasingly digital, data-driven world. This is because everything around us today, ranging from culture to consumer products, is a product of intelligence.
The State of AI Report is now in its sixth year. Consider this report as a compilation of the most interesting things we’ve seen with a goal of triggering an informed conversation about the state of AI and its implication for the future.
We consider the following key dimensions in our report:
Research: Technology breakthroughs and their capabilities.
Industry: Areas of commercial application for AI and its business impact.
Politics: Regulation of AI, its economic implications and the evolving geopolitics of AI.
Safety: Identifying and mitigating catastrophic risks that highly-capable future AI systems could pose to us.
Predictions: What we believe will happen in the next 12 months and a 2022 performance review to keep us honest.
Predictably Improve Your B2B Tech Company's Performance by Leveraging DataKiwi Creative
Harness the power of AI-backed reports, benchmarking and data analysis to predict trends and detect anomalies in your marketing efforts.
Peter Caputa, CEO at Databox, reveals how you can discover the strategies and tools to increase your growth rate (and margins!).
From metrics to track to data habits to pick up, enhance your reporting for powerful insights to improve your B2B tech company's marketing.
- - -
This is the webinar recording from the June 2024 HubSpot User Group (HUG) for B2B Technology USA.
Watch the video recording at https://youtu.be/5vjwGfPN9lw
Sign up for future HUG events at https://events.hubspot.com/b2b-technology-usa/
3. Yes, Data Studies can give funny
results at times.
It is not ignorance, but,
preconceived ideas.
There is a real need to communicate
data using proper tools to ensure
clarity.
Rosling then used a software to
study various aspects of the world
Statistically, some of which are –
(next slide please)
4.
5. List the two most
(important/interesting/
informative)
insights from this TALK ?
6. The first insight is -
●Sophisticated software, design
tools and technology can give us
a very clear understanding
about the socio-economic
aspects of the world and how
these factors are changing with
variables like time.
● We need proper databases for
the purpose
8. ●Errors will be minimal if the
difference between the measure
of the data elements is bigger
than the weakness of the data.
This helps us in application of
big data analysis in several
cases.
●
It can be misleading to use
average data when statistically
analyzing the world because of
the many differences among the
countries.
9. Why and How are these
insights relevant to a
manager in India?
10. Indian Managers can conduct
similar data studies state-wise,
region-wise to gain more
information about the diverse
market, consumer preferences,
etc. Using similar tools will help
increase understanding and
clarity about changing patterns.
11.
12. The importance of right data
and access to reliable data
sources is evident here. Entire
projects could be corrupted if
correct values of measurement
are not taken. This would lead to
poor decisions in implementation
of strategies. Making available
public-funded statistics can also
be considered.
13.
14. Managers and their companies
therefore, must invest in
technology which helps analyze
economies of countries. Running
these analyses on a global level
will help expand their market to
international levels.