Data Intelligence, Business Analytics
Although I use both R and RapidMiner in my work, I have been “late to the party” in installing RapidMiner’s R extension on my Windows machine. The primary reason being that over time I have built a regular workflow that uses these two tools separately. Also, I am one of those folks who don’t go looking for trouble. After reading several postings on how after installing the extension users couldn’t get RapidMiner started again, I figured I should let this integration fad pass or at least wait…Continue
Most banks are going to add small fees e.g. for debit card ($3/month in my case). Last time I went to my bank, I had this strange conversation:
How we moved from cave-man publishing - traditional web site funded by job ads - to where we are now:
Added by Vincent Granville on October 16, 2011 at 8:00pm — No Comments
(have a look at my blog for further details and examples: http://textanddatamining.blogspot.com/)
6 weak classifiers:…Continue
Added by Cristian Mesiano on October 14, 2011 at 12:23am — No Comments
PLEASANTON, Calif.- February 25th, 2011 - The largest benchmark research ever done on business analytics establishes for the first time that analytics has become the new engine for business competitiveness and profitability. This landmark research from Ventana Research, which involved input from more than 2,850 organizations, makes clear for the first time the little-understood role of business analytics in the success and failure of businesses.
The research found that more than…
Added by Richard on October 13, 2011 at 4:48pm — No Comments
She conceived two sons in 1996 and 1997. Both died from infant death syndrome after one month. The statistical expert testifying in court said that the chance of such a rare event is one in 73 million. She was convicted of murder and imprisoned. Freed a few years later, her life was destroyed and later died of alcohol poisoning.
My rebuttal to the 1 in 73 million argument is as follows:
I have read several articles on the subject, but none of the authors were really “Data Scientist” and they admit that, so I thought it was time that something was written by an actual Data Scientist.
First off, let’s make sure you understand that there’s lots of college involved, no way around that one. If you noticed a lady in the 2nd row, 3rd from the left had a mole on her nose in the last commercial you watched, you might have what it takes, even if you hadn’t thought of…Continue
What is a data scientist? A data scientist is someone who analyzes an organization's big data to discover actionable trends that lead to business results. Data scientists look at what questions business people need to ask to remain competitive. They work directly with C-level executives, advising them on how to drive maximum value from big data and integrate new information. In many ways, a …Continue
Added by Jean-Paul Rasson on October 11, 2011 at 9:33pm — No Comments
When you see google ads on Google search result pages or elsewhere, the ads that are displayed in front of you eyes (should) have been highly selected in order to maximize the chance that you convert and generate ad revenue for Google. Same on Facebook, Yahoo, Bing, LinkedIn and on all ad networks.
If you think that you see…Continue
Bayes' theorem is a mathematical equation used in court cases to analyse statistical evidence. But a judge has ruled it can no longer be used. Will it result in more miscarriages of justice?
It's not often that the quiet world of mathematics is rocked by a murder case. But last summer saw a trial that sent academics into a tailspin, and has since swollen into a fevered clash between science and…Continue
This is a quick entry to tell you about three things --
- My free report, "Text/Content Analytics 2011: User Perspectives on Solutions and Providers," is out. Are you looking for business value in "unstructured" social, online, or enterprise sources? My report will provide background information and "wisdom of the crowds" guidance you can use. Download the report free via altaplana.com/TA2011.
- For a deeper dive into…
One of my friends (referred to as the patient) holds a Ph.D. degree in statistics and has been affected with a common skin condition for more than 20 years, known as rosacea (http://www.ncbi.nlm.nih.gov/pubmedhealth/PMH0001882/). Here we report how he came with a solution to fully eliminate the problem. Physicians traditionally agree that there is no cure for rosacea.
This study involves only one patient. But…Continue
I was reading about the "Automated Reduced Error Predictive Analytics" patent secured by Rice Analytics (see below) and my first question is:
How can you successfully sue competitors about using a mathematical technology? After all, most vendors offer error and variance reduction as well as dimension reduction and automated model selection (based on optimizing goodness-of-fit) in their software. All statistical and data mining consultants, including myself, also use similar…Continue
Click on the link below to download our spreadsheet with data for 91 metro areas in US. The 4-th column, labeled Unique Index, tells you which cities have the highest proportion of people visiting Analyticbridge. These are monthly statistics.
A chart that speaks by itself. Couldn't be described any better by using words. Of course, population grew between 1970 and 2010, but not by 400%. Did the definition of unemployed changed between 2007 and 2009?
Added by Vincent Granville on October 6, 2011 at 7:00pm — No Comments
SAN FRANCISCO -- Oracle introduced two new appliances Sunday, one an in-memory server for business intelligence and the other a big data appliance for Hadoop and NoSQL.
The Oracle Exalytics Business Intelligence Machine is a server that runs the company’s own TimesTen in-memory technology and Oracle Business Intelligence Foundation Suite. It includes 1 TB of dynamic random-access…Continue
Added by Vincent Granville on October 6, 2011 at 5:51pm — No Comments
Facebook Inc. and LinkedIn Corp. are primarily known for their social networking prowess, but they’re also credited with helping to formalize an emerging job category known as data scientists -- and they both now employ a cadre of people in that role.
The data scientist position, which is also gaining ground at companies such as Google, Foursquare, Groupon and even financial services firm Zions Bancorporation, typically involves a combination of analytical, statistical,…Continue
Added by Vincent Granville on October 6, 2011 at 5:00pm — No Comments
Data Scientists are the new rock stars of the technology world.
Don’t believe me? At last week’s Strata conference, throngs of attendees were jockeying so intensely for position to listen to bitly Data Scientist Hilary Mason that I thought I might be at a Bon Jovi concert circa 1986.
Ok, perhaps I’m exaggerating just a…Continue
IBM has launched a system designed to help cities ease parking congestion and collect more parking fees, the company announced Wednesday. The service could also help motorists find parking spaces more easily in crowded urban areas.
"The existing parking systems are pretty inefficient [in terms] of how cities manage them," said Vinodh Swaminathan, IBM's director of intelligent transportation systems. "Think of a parking spot as a revenue-producing asset. With the…Continue
Added by Jean-Paul Rasson on October 5, 2011 at 10:29pm — No Comments
FICO has announced the FICO Analytic Learning Webinar Series, five free webinars from October through January devoted to helping financial services analytics professionals improve their use of predictive analytics and modeling.
The webinars focus on sharing advanced analytic techniques pioneered by FICO experts along with case studies demonstrating how financial services institutions around the world are using analytics and modeling to solve business problems…Continue