This blog will cover the following “Future of Smart” initiative topics:
Added by Bill Schmarzo on March 1, 2019 at 7:30pm — No Comments
There are several technology and business forces in-play that are going to derive and drive new sources of customer, product and operational value. As a set up for this blog on the Economic Value of Data Science, let’s review some of those driving forces.
Added by Bill Schmarzo on February 16, 2019 at 5:32am — No Comments
Professional athletes know the importance of developing opposing or complementary muscles (quadriceps and hamstrings, biceps and triceps). These complementary muscles are sets of muscles that “work together” to move your body in the most efficient ways. If these muscles are strengthened together, it creates a balance that can lead to optimal performance. However, if these muscles are not strengthened together, then one significantly increases the risk of…Continue
Added by Bill Schmarzo on February 13, 2019 at 4:44am — No Comments
I loved playing StarCraft, though I seldom played against other humans (my sons in particular, because they absolutely kick my butt). But ah, there is finally revenge for “Dad the Data Nerd”, and it’s known as AlphaStar. AlphaStar was developed by Google’s DeepMind AI group to leverage artificial intelligence (AI)…Continue
Added by Bill Schmarzo on February 1, 2019 at 2:40pm — No Comments
Call it a “Forrest Gump moment;” an instance of being in the right place at the right time for no other reason than just plain luck. A “Forrest Gump moment” is based upon Tom Hanks’ character in the movie “Forrest Gump,” a guy who always seemed to be in the right place at the right time meeting Presidents Kennedy, Johnson and Nixon at critical points in American history.
I too have had a Forrest Gump moment in meeting President Reagan, however, my deeper Forrest Gump…Continue
Added by Bill Schmarzo on January 25, 2019 at 1:50pm — 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
What does it mean, as a vendor, to say that you support the Internet of Things (IOT) from an analytics perspective?
I think the heart of that question really boils down to this:
What are the differences between big data(which is analyzing large amounts of mostly human-generated data to support longer-duration use cases such as predictive maintenance, capacity planning, customer 360 and revenue protection) and…Continue
Added by Bill Schmarzo on January 5, 2019 at 1:00pm — 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
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
Okay, I am weird (tell me something that I don’t know, say most of my friends). For Christmas I wanted a Nike Apple Watch to go with my existing FitBit and Garmin fitness trackers (I look sort of like a cyborg in the photo below…which is always cool).
While I was intrigued by the ability to do all sorts of cool things on the…Continue
Added by Bill Schmarzo on September 18, 2018 at 9:29am — 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
“Tomorrow’s market winners will win with the smartest products. It’s not enough to just build insanely great products; winners must have the smartest products!” – Bill Schmarzo
Okay, that’s a pretty bold statement on my part (especially to challenge the famous Steve Jobs statement about building insanely great products), but then again I’m an analytics dude and think that analytics should be a part of every product and space – smart cities, smart cars, smart…Continue
Added by Bill Schmarzo on August 22, 2018 at 8:12am — 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
On the surface, preventing injuries to professional-caliber athletes would seem to have little in common with preventing operational failures for a machine (i.e., autonomous vehicle, locomotive, airplane, CT Scan). However, both athletes and machines deal with inter-twined complex systems (where the interactions of one complex system can have a ripple effect on others) that can have significant impact on their operational effectiveness.
My son Max, the Director of…Continue
Added by Bill Schmarzo on August 6, 2018 at 11:19am — No Comments
My blog “Blockchain + Analytics: Enabling Smart IOT” drew some great feedback asking me to clarify my autonomous vehicle example that used blockchain as a means of near real-time, peer-to-peer communications between clusters of intelligent devices and machines. But first, some background.
Edge analytics within an Internet of Things (IOT) world is very…Continue
Added by Bill Schmarzo on August 4, 2018 at 6:08am — No Comments