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All Blog Posts Tagged 'Analytics' (315)

What is NOT Digital Transformation?

These days many companies have embarked on Digital Transformation. Unfortunately, not many have found good success. A recent study in Forbes, says over 84% of Digital Transformation initiatives in business enterprises fail. While lot of articles talk of Digital Transformation including reasons for the poor failure rate, critical success factors, etc.., here is my take on what is NOT Digital Transformation. Here are the top 5 aspects (based on what I have seen) where the means have taken more…

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Added by Prashanth Southekal, PhD on September 7, 2018 at 2:30pm — 1 Comment

Model Serving: Stream Processing vs. RPC / REST - A Deep Learning Example with TensorFlow and Kafka

Machine Learning / Deep Learning models can be used in different ways to do predictions. My preferred way is to deploy an analytic model directly into a stream processing application (like Kafka Streams or KSQL). You could e.g. use the …

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Added by Kai Waehner on July 8, 2018 at 4:26pm — No Comments

How History Can Prepare Us for Upcoming AI Revolution or, What is the AI Equivalent to the ¼” Bolt?

Many predict, and warn, that the Artificial Intelligence (AI) Revolution will change the world – and possibly the very essence of mankind.  But society-changing revolutions are not new.  History is full of such revolutions.  What can we learn from those previous revolutions that might provide an indication as to how this AI revolution might play out?

We will examine two other revolutions – the Industrial Revolution and the Information Revolution…

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Added by Bill Schmarzo on June 26, 2018 at 3:30pm — 2 Comments

Driving Robotics and Artificial Intelligence from the C-Suite

C-3PO and R2-D2 are an odd couple in the Star Wars universe. C-3PO is a cowardly droid who obeys pre-defined protocols and routine tasks, while R2-D2 is a curious and adventurous robot who learns from previous problems, uses logical thinking and larger concepts to solve new problems. But together they do things they could not do alone.

Similarly, RPA…

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Added by Pedro URIA RECIO on June 17, 2018 at 3:30am — 1 Comment

AI-Driven Sales | What Has Changed?

Sales Forecasting: Science or Instinct?

Recently, we had talked about marketing automation, a digital transformation in the field that involved both artificial intelligence and machine learning. Even Natural Language Processing (NLP) has come a long way, enough to change the content marketing game. But while marketing has shifted to a digital…

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Added by Jay Nair on June 5, 2018 at 5:30pm — No Comments

What a CEO needs to know about Machine Learning algorithms

During my first project in McKinsey in 2011, I served the CEO of a bank regarding his small business strategy. I wanted to run a linear regression on the bank's data but my boss told me: "Don't do it. They don't understand statistics". (We did not use Machine Learning but, 7 years down the road, I still believe we developed the right…

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Added by Pedro URIA RECIO on May 23, 2018 at 2:00am — No Comments

AI-Driven Marketing | What Has Changed?

Technology is known to shift landscapes, even change the game. We saw that when the internet exploded in scale and popularity, as computers became smarter, and the world goes through the digital transformation. An easy example is in traditional marketing, which now borders on the irrelevant, unable to hold a candle to its more modern counterparts.

Email,…

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Added by Jay Nair on May 18, 2018 at 4:30pm — No Comments

Demystifying Black-Box Models with SHAP Value Analysis

As an Applied Data Scientist at Civis, I implemented the latest data science research to solve real-world problems. We recently worked with a global tool manufacturing company to reduce churn among their most loyal customers. A newly proposed tool, called SHAP (SHapley Additive ex…

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Added by Civis Analytics on May 15, 2018 at 9:00am — No Comments

Steps required before adopting AI & Cognitive Computing platform

Enterprises are learning fast about the relevance and use of AI and Cognitive Computing platforms. Before adopting AI and Cognitive Computing platforms, enterprises must focus on designing the right strategy for their business. A data-driven strategy is very important to derive the maximum benefit from the platform that will help to interpret data and provide…

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Added by Dileep Srinivasan on May 2, 2018 at 5:30pm — 1 Comment

Data Science meets System Dynamics

Developed at MIT’s Sloan School of Management in 1950s system dynamics is a methodological approach to model the behavior of complex systems, where change in one component leads to change in others (like the dominos effect with feedback loops added). This approach is widely applied in industries such as healthcare, disease research, public transportation, business management and revenue forecasting. The most famous application of system dynamics probably is in…

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Added by Mab Alam on April 23, 2018 at 5:30pm — No Comments

GDPR Drives Real Time Analytics

New reforms under the General Data Protection Regulation (GDPR) started as an attempt to standardize data protection regulations in 2012. The European Union intends to make Europe “fit for the digital age.” It took four years to finalize the agreements and…

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Added by Ronald van Loon on March 26, 2018 at 10:30pm — 1 Comment

Credit Risk Prediction Using Artificial Neural Network Algorithm

1 Introduction

Credit risk or credit default indicates the probability of non-repayment of bank financial services that have been given to the customers. Credit risk has always been an extensively studied area in bank lending decisions. Credit risk plays a crucial role for banks and financial institutions, especially for commercial banks and it is always difficult to interpret and manage. Due to the advancements in technology, banks have managed to reduce the costs, in order to…

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Added by Shruti Goyal on March 14, 2018 at 11:30am — 5 Comments

So, How Many ML Models You Have NOT Built?

What a weird question. That’s what you would have thought after reading the headline. Perhaps you thought the word “NOT” was accidental.

Hmm, for past few years many of us have come across articles like

  • “Top 10 Machine Learning Algorithms every Data Scientist …
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Added by Venkat Raman on February 6, 2018 at 12:30am — 3 Comments

Want to become a Data Scientist? Try Feynman Technique

Many a blogs and articles are written on how to become a Data Scientist. The list normally goes like this

  • Study descriptive statistics, hypothesis testing, probability
  • Learn types of Machine learning algorithms – Supervised, Unsupervised
  • Learn Python, R, SAS, SQL
  • Apply machine learning techniques using Python, R, SAS
  • Learn Data Visualization

While there is nothing wrong in the path illustrated above, it is not the…

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Added by Venkat Raman on January 11, 2018 at 12:30am — 11 Comments

Using Real Time Marketing and Machine Learning based Analytics to Drive Customer Value Management

The value of data-driven Customer Value Management or CVM cannot be underrated. Data and other algorithms/analytics that shape data are an imperative part of customer value management in a telecom company. With enhanced customer expectations, it is up to the ability of telecom companies to provide customers with a seamless experience and to also ensure that they help boost revenue in the process. 

To understand…

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Added by Ronald van Loon on January 10, 2018 at 3:30am — No Comments

AI – Opening of New era with Data

Analytics has grown step by step from descriptive analytics, predictive analytics and prescriptive analytics. At every stage when the organization gets matured, new opportunities are provided to the organization to make use of the data or monetize the data within the organization. With Big data technologies making progress one side and AI technologies progressing on the other side, convergence of these two technologies presents new opportunities for the organization to improve productivity,…

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Added by Saravanan Sambandam on January 1, 2018 at 9:00am — No Comments

Understanding Behavioral Economics to Change Behaviors with Big Data

My good friend Vinnie participates in an automobile insurance program that rewards him for good driving behaviors; the better driving behaviors he exhibits, the more money he saves on insurance. You stick a device into the vehicle’s diagnostic port (usually under the steering wheel in most vehicles manufactured after 1996), and the automobile insurance company tracks your driving behaviors and offers you automobile insurance discounts based upon the quality of your…

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Added by Bill Schmarzo on December 20, 2017 at 3:30am — 6 Comments

Data Monetization? Cue the Chief Data Monetization Officer

Data Monetization! Data Monetization! Data Monetization!

 It’s the new mantra of many organizations. But what does “data monetization” really mean, how do you do it, and more importantly, who in the organization owns the job of “data monetization”?

The role of Chief Data Officer (CDO) would seem to be a godsend to answer the data monetization challenge. They should be the catalyst in helping organizations to…

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Added by Bill Schmarzo on December 12, 2017 at 12:30pm — 1 Comment

Achieving Analytics Sophistications

 

In today’s world, a successful organization has to achieve data and analytics competencies to stay…

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Added by Khosrow Hassibi on November 20, 2017 at 8:30am — No Comments

Data Science Best Practices

 

Contents

1. Introduction

2. The Four Pillars of Success        in Analytics

3. Analytics…

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Added by Khosrow Hassibi on November 20, 2017 at 8:30am — No Comments

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