“If” by Rudyard Kipling
If you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or being lied about, don’t deal in lies,
Or being hated, don’t give way to…Continue
Added by Bill Schmarzo on January 19, 2019 at 6:56am — No Comments
In my most recent blog “Design Thinking Humanizes Data Science”, I discussed how Design Thinking and Data Science complement each other. They are not just two sides of the same coin, but the same side of the same coin in their objectives to “diverge before converging” in driving business stakeholder collaboration with respect to identifying, brainstorming and…Continue
Added by Bill Schmarzo on January 15, 2019 at 12:24pm — No Comments
Nothing strikes terror into the hearts of humans more than the idea of an intelligent robot gone bad. The fear is that a robot can acquire the ability to learn and adapt to the point of superseding their human creators…and with evil intentions.
From Gort (“The Day the Earth Stood Still”) to Sonny (“I, Robot”), films provide a wide variety of potential robot scenarios. Only a few of these film robots have demonstrated artificial intelligence to the point…Continue
Added by Bill Schmarzo on January 7, 2019 at 6:03am — No Comments
The article “Cognitive Hub: The Future of Work” and the supporting infographic (see Figure 1) provides an interesting perspective on some “technology combinations” that could transform the workplace of the future, all enabled by Artificial Intelligence (AI):
Added by Bill Schmarzo on January 3, 2019 at 5:14pm — No Comments
For my final class this year at the University of San Francisco School of Management, I taught the students using nothing but infographics. Not only was it fun for me, but I think the students enjoyed being able to summarize their learnings from the semester through group discussions centered around the infographics. The infographics provide a visual opportunity to meld the three fundamental concepts that I believe every business leader needs to understand to be…Continue
I’m missing my Thursday evening Big Data MBA classes at the University of San Francisco School of Management (though I expect my students are glad that ordeal is over). One of my biggest learnings from this semester was around how to properly construct an actionable and measurable business hypothesis. One of the common mistakes is starting with an overly-simplified business objective such as:
Added by Bill Schmarzo on December 21, 2018 at 5:30am — No Comments
It’s that time of year again when I look into the Crystal Skull…er, ball, and make some predictions of the continuing challenges and new trends I foresee in Big Data and Data Science for the coming year.
Digital Transformation moves beyond just…Continue
Added by Bill Schmarzo on December 5, 2018 at 8:43am — No Comments
I'm reposting this blog (with updated graphics) because I still get many questions about the difference between Business Intelligence and Data Science. Hope this blog helps.
I recently had a client ask me to explain to his management team the difference between a Business Intelligence (BI) Analyst and a Data Scientist. I frequently hear this question, and typically resort to showing Figure 1 (BI Analyst vs. Data Scientist Characteristics chart, which shows the different attitudinal…Continue
Added by Bill Schmarzo on December 2, 2018 at 7:00am — No Comments
The third annual University of San Francisco (USF) MBA class Golden State Warriors analytics exercise provided an opportunity to test the students’ ability to “Think Like a Data Scientist” with respect to identifying and quantifying variables that might be better predictors of performance for the Golden State Warriors professional basketball team. This was also an opportunity to test and fine-tune the Hypothesis Development Canvas, and boy was that an eye-opener for me. The…Continue
Added by Bill Schmarzo on November 28, 2018 at 1:10pm — No Comments
My last University of San Francisco School of Management class of the semester is coming up this week. However instead of a normally boring presentation from me to cap the semester, we are going to review a few infographics to summarize our lessons from the semester.
I also want to use this blog to give credit to Arielle Winchester for her creativity and patience to work with me in the construction of these infographics. Here are my Top 10 infographics from…Continue
Added by Bill Schmarzo on November 25, 2018 at 6:00am — No Comments
When people hear about Artificial Intelligence, things like Deep Learning, Robots and the automation of repetitive tasks in companies often come to mind. Nowadays the Artificial Intelligence research is in niches, it's called narrow AI, not one capable of making conclusions based on common sense yet.
The main obstacle to the mainstream…Continue
Added by Renato Azevedo Sant Anna on November 12, 2018 at 7:48pm — No Comments
AI and machine learning have advanced rapidly over the past few years, and many have suggested that 2019 will be the year for businesses that have waited to finally embrace this new technology. Only 15% of enterprises are currently using AI, but 31% are slated to add it to their strategy over the next 12 months, according to a Digital Trends Report by Adobe. There…Continue
Added by Jay Bourland on November 1, 2018 at 4:58am — No Comments
Data science development is very different from software development, and getting the two to mesh is sometimes like trying to cobble together Tinker Toys with Lincoln Logs. One data science expert once described the differences as:
Software development is “Measure twice; cut once,” while Data Science is “Cut, cut, cut!”
The methodologies and processes that support successful software development do not work for data science projects according to one…Continue
Added by Bill Schmarzo on October 17, 2018 at 4:23am — No Comments
Organizations looking for justification to move beyond legacy reporting, should review this little ditty from the healthcare industry:
The report identified six major areas of waste: unnecessary services ($210 billion annually); inefficient…Continue
Added by Bill Schmarzo on October 2, 2018 at 2:30pm — No Comments
AI has snuck into our daily lives and there is nothing to stop it. Not only does AI power autonomous vehicles, but AI already decides what products you should buy, what movies you should watch, what music you should listen to, and whom you should date. If you talk to your iPhone, Google Home, and Amazon Echo, you are talking to an AI engine that powers these personal virtual assistants. AI decides whether you are approved for a loan, determines the outcome of a job applications, identifies…Continue
Added by Bill Schmarzo on September 30, 2018 at 2:11pm — No Comments
Oh,the lowly data engineer. Harvard Business Review declared the role of the data scientist as “the sexiest job in the 21stcentury.” But the data engineer labors away in near obscurity acquiring, transforming, enriching, munging and preparing data for the data scientist to do their black magic.
In addition to building data pipelines –…Continue
Added by Bill Schmarzo on September 26, 2018 at 6:22am — No Comments
There are so many confusing and sometimes even counter-intuitive concepts in statistics. I mean, come on…even explaining the differences between Null Hypothesis and Alternative Hypothesis can be an ordeal. All I want to do is to understand and quantify the cost of my analytical models being wrong.
For example, let’s say that I’m a shepherd who has bad eyesight and have a hard time distinguishing between a wolf and a sheep dog. That’s obviously…Continue
Perhaps to no one’s surprise, the growth in companies implementing Big Data and Analytics projects continues to climb – as evidenced by the continued growth in data lakes. As most companies begin to implement their Big Data and Analytics strategy, they struggle to show value for their efforts. This can come from several areas:
Added by Bill Schmarzo on September 22, 2018 at 7:08am — No Comments
Today’s Artificial Intelligence (AI) discussions remind me of a Steve Martin skit from the early Saturday Night Live days (1979). In the skit titled “What the Hell is that?”, Steve Martin, later joined by Bill Murray, is looking in the distance at something, repeatedly asking the question “What the hell is that?” The skit reminds me of today’s AI discussions about “What the hell is AI?”, which distracts from…Continue
Added by Bill Schmarzo on September 18, 2018 at 4:30am — No Comments
Reviving from the dead an old but popular blog on Understanding Type I and Type II Errors
I recently got an inquiry that asked me to clarify the difference between type I and type II errors when doing statistical testing. Let me use this blog to clarify the difference as well as discuss the potential cost ramifications of type I and type II errors. I have also provided some examples at the end of the blog.
In statistical test theory, the…Continue