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All Blog Posts Tagged 'value' (7)

What to Tell Your Board About AI/ML

Summary:  Communicating with your Board of Directors about AI/ML is different from conversations with top operating executive.  It’s increasingly likely your Board will want to know more and planning that communication in advance will make your presentation more successful.

 

As AI/ML becomes increasingly…

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Added by William Vorhies on April 29, 2019 at 9:35am — No Comments

Machine Learning for Transactional Analytics: Customer Life time Value v/s Acquisition Cost

Understanding customer transactional behaviour pays well for any business. With the tsunami of start ups in recent times and the immense money flow in businesses, customers find lucrative offers from companies for acquisition, retention & referrals strategies. Understanding transactional behaviour of a customer has become even more complex with the invent of new business houses everyday. Although, with the rise of powerful machines, one can…

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Added by PS Dhillon on January 28, 2019 at 4:00am — No Comments

p-value and level of significance explained

The concepts of p-value and level of significance are vital components of hypothesis testing and advanced methods like regression. However, they can be a little tricky to understand, especially for beginners and good understanding of these concepts can go a long way in understanding advanced concepts in statistics and econometrics. Here, we try to simplify the concept in an easy, logical manner. Hope this helps.

P-value

In hypothesis testing, we set…

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Added by Smrati Sharma on November 29, 2017 at 4:30pm — 2 Comments

Book: Creating Value with Big Data Analytics - Making Smart Marketing Decisions

Companies around the world are struggling with a vast amount of data, and can’t make sense of it all. Big Data has the promise of providing firms with significant new information about their markets, their products, their brands, and their customers – but currently, there’s often a great divide between big data and truly usable insights that create value for…

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Added by Natasha Walk on September 18, 2015 at 12:00am — 1 Comment

Top 10 Big Data and Analytics References

Post Adapted from Top 10 Big Data and Analytics References

Price is what you pay, value is what you get

- Warren Buffett

Between rising Data…

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Added by Alex Jones on January 11, 2015 at 5:00am — 2 Comments

Introducing the Linked Data Business Cube

Tassilo Pellegrini from Semantic Web Company has published a new report which outlines business models for Linked Data including a case study of the publishing house and information service provider Wolters Kluwer:

"With the increasing availability of semantic data on…

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Added by Andreas Blumauer on December 1, 2014 at 11:30pm — No Comments

Lesson 5: Key Value Stores (AKA 'Tuple' Stores)

Summary:  Key Value Stores like Hadoop were here first and excel at fast storage of unstructured data.

In the beginning (about…

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Added by William Vorhies on September 9, 2014 at 7:00am — No Comments

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