This post is all about dealing with Gaussians in a Bayesian way; it’s a prelude to the next post: “Bayesian A/B Testing with a Log-Normal Model.” So don’t go analyzing the non-binary data from your $$A/B$$ tests until you read both blog posts!
Machine Learning as Management Strategy
Innovators like Google and Amazon have been data-centric since their inception, with a repeatable formula that drives business value through exploration, innovation, disruption, and agility. Rather than decision-making by HIPPO (the Highest Paid Person’s Opinion), ideas are tested and judged on efficacy — and everyone is encouraged to test early and often. This focus on metrics enables meritocracy: a virtuous circle that empowers continual innovation throughout the organization.
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Company to present session on Apache HBase design and architecture to handle nearly 1 billion real-time events a day
Darren Vengroff to address Congress on deriving value from machine-generated data and to participate in a panel session on why the cloud is vital to big data
“Darren Vengroff, Chief Scientist at retail personalisation specialist RichRelevance, says BI and analytics will not just be more important, it will be essential to running a successful organisation. “As more data becomes available and the cost of deriving insight from the data continues to drop, organisations that don’t use it will simply not be able to compete,” he says.”
For those of you who live in a data cave on the West Coast like I do, it may come as a surprise that there was a blizzard this past weekend—a BIG one. The ‘Nemo’ blizzard, caused by a merging of two low pressure systems that originated in the central and southeast US, then migrated to the north-eastern seaboard—affected millions of people in the US Northeast, with heavy snow and multiple power-outages.
Big Data is the business challenge of the 21st century, and 2012 was the year that the Big Data revolution rocked the C-suite. After Nate Silver’s massive coup predicting the outcome of every state in the November election, even laypeople no longer doubt that data-driven decisions and real-time information – implemented at lightning speed – can lead to huge wins…
RichRelevance CEO Dave Selinger shares four best practices for businesses to conquer Big Data in Forbes.
RichRelevance CEO, David Selinger, offers advice on how companies can use data to increase customer spending and improve retention rates.
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