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Past performance IS indicative of future results

Why do people selling supposedly great ROI on the stock market MUST disclaim that "Past performance IS NOT indicative of future results", or else face litigation?

If I had to tell that statement to my clients, nobody would buy. Indeed, I tell the opposite (as in the subject line), because I'm confident about my predictions…

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Added by Vincent Granville on October 6, 2012 at 5:00pm — 1 Comment

Baseball + Big Data is actually DATABALL

BASEBALL + BIG DATA

Stories

BY DAVE FEINLEIB



Moneyball = Databall

Many a baseball fan has read or seen the movie based on the book Moneyball, Michael Lewis’ bestseller about using analytics to assemble a…

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Added by Zach Piester on October 5, 2012 at 9:58am — No Comments

The Hastings Effect: How The Netflix Big Data Approach Is Transforming Education

How The Netflix Big Data Approach Is Transforming Education.



Netflix is known for its personalized recommendations. By analyzing data on what you and other people have watched, they know what movie to recommend to you next. Customers are happy because they get suggestions for movies they like. Netflix is happy because you’re more likely to watch another movie, according to Mohammad Sabah, who spoke at the Hadoop Summit. Now that same approach is changing how colleges…

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Added by Zach Piester on October 5, 2012 at 1:30am — No Comments

Apple. Big Data. Big Design.

Apple. Better Design, Deeper Insights

Apple created the most valuable company in history with this philosophy. Each and every Apple product communicates back to the Apple data warehouse about its usage seamlessly, with the customer’s tacit agreement. The oceans of data gathered through the Operating System, Genius, iTunes, and AppStore are then used to craft elegant, useful products like MacBookAir, iPhone, and iPad, which then provide even more extensive insights into…

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Added by Zach Piester on October 4, 2012 at 1:38pm — No Comments

Sponsored Webinar: How can big data help you?

Big data is a big "so…
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Added by Vincent Granville on October 4, 2012 at 8:30am — No Comments

Doing Market Research using Social Media

 Observational social media research 

involves analyzing social media data without intervention or interaction from the researcher.  In this mode of research, you search for, look at, collect, synthesize, and analyze data that exist in the social media sphere (blogs, newsgroups, forums, message boards, and microblogs).  The goal is to measure…

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Added by suresh on October 4, 2012 at 5:58am — 2 Comments

Big Data Analytics Maturity Model

See: http://bit.ly/KQ1bsS

Added by Michael Walker on October 3, 2012 at 10:18am — 1 Comment

Big Data: Opinions & Sentiments Analysis

Analyzes of texts put lights in two main types of information “facts and opinions”. Most current treatment methods of textual information aim to extract and use factual information, this is the case for example of research we do on the web. Analysis of opinions is concerned about feelings and emotions expressed in the texts, it has grown much today because of the space taken from the web in our society, and the very large volume of daily comments expressed by consumers with the advent of the…

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Added by Michel Bruley on October 2, 2012 at 10:43pm — 5 Comments

ACM Data Mining Talk: Representing Predictive Solutions with PMML

Talk on PMML and Predictive Analytics to the ACM Data Mining Bay Area/SF group at the LinkedIn auditorium in Sunnyvale, CA.



Abstract: 



Data mining scientists work hard to analyze historical data and to build the best predictive solutions out of it. IT engineers, on the other hand, are usually responsible for bringing these solutions to life, by recoding them into a format suitable for operational deployment. Given that data mining scientists and engineers…

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Added by Alex Guazzelli on October 2, 2012 at 8:12am — No Comments

19 big data articles that you must read

Analytics, big data, data science... All of them were posted in major news oultets (WSJ, MIT, etc.) in the last 10 days. Enjoy the reading!

  1. An Introduction to Text Analytics
  2. Graduate Programs in Big Data Analytics and Data…
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Added by Vincent Granville on October 1, 2012 at 1:30pm — No Comments

An Introduction to Text Analytics

Text analytics, sometimes alternately referred to as text data mining or text mining, refers to the process of deriving high-quality information from text.  High-quality information is typically derived through the devising of patterns and trends through means such as statistical pattern learning.  Text mining usually involves the process of structuring the input…

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Added by Venky Rao on September 29, 2012 at 2:28pm — No Comments

Analytic Talent Hit's 70,000 Searches!

AnalyticTalent, the official Job Board forDataScienceCentral.com and the Data Science community, reached a milestone last month with AnalyticTalent receiving more than 70,000 job searches! 



This number is a great indicator of the reach and opportunity that AnalyticTalent represents. We…

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Added by Vincent Granville on September 29, 2012 at 8:30am — No Comments

Top 23 articles for week ending on September 26

Weekly digest from Data Science Central and Analytic Bridge:

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Added by Vincent Granville on September 26, 2012 at 2:15pm — No Comments

Data Fundamentals

Becoming a data and evidence driven organization provides significant competitive advantage. Speed and accuracy of insight, delivered across any device including smart phones and tablets, means organizations can make better, faster decisions. The goal is for the entire organization become…
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Added by Michael Walker on September 26, 2012 at 10:00am — No Comments

Datascape - 3D Immersive Visualisation Analytics

With the launch last week of Datascape I thought it would be worth putting an MD’s perspective on the product – how we got here, what the philosophy is that lies behind it, and where we hope to go with it. For a more formal view of the academic and commercial background see our Immersive Data Visualisation white…

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Added by David Burden on September 24, 2012 at 5:58am — No Comments

First the data, then the decision, then the profit.

Working and valorising Big Data is business-as-usual for companies that have built their business model on it. For companies that don’t compete on analytics, that is for whom analytics is not a core element of their strategy, it’s a huge challenge.

But Big Data is the talk of town nowadays. I think that a part of the growing management interest is due to two factors:

  1. The relentness search for cost efficiency and growth in the current economic downturn;
  2. A…
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Added by Patrick Glenisson on September 23, 2012 at 11:26am — No Comments

Using Decision Trees in Evidence Based Medicine

In today's post, we explore the use of decision trees in evidence based medicine.  In 1996 David Sackett wrote that "Evidence-based medicine is the conscientious, explicit and judicious use of current best evidence in making decisions about the care of individual patients" [Source: Wikipedia].
 
For our analysis,…
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Added by Venky Rao on September 22, 2012 at 5:45pm — 2 Comments

Is Data Scientist the Sexiest Job of the Century? | Harvard Business Review

Hey good lookin’. Yep, I’m talking to you, or at least the data scientists reading this. (The rest of you are incredibly good looking, intelligent, and clearly have good taste, as well.)

TheHarvard Business Review has…

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Added by Vincent Granville on September 21, 2012 at 2:42pm — 2 Comments

Predictive, Descriptive, Prescriptive Analytics

The goal of  Data Analytics (big and small) is to get actionable insights resulting in smarter decisions and better business outcomes. How you architect business technologies and design data analytics processes to get valuable, actionable insights varies.



It is critical to design and build a data warehouse / business intelligence…

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Added by Michael Walker on September 19, 2012 at 11:57am — No Comments

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