Occam's Razor

APRIL 8, 2013

To win in business you need to follow this process: Metrics > Hypothesis > Experiment > Act. We are far too enamored with data collection and reporting the standard metrics we love because others love them because someone else said they were nice so many years ago. That metric is tied to a KPI.

Metrics 157

Metrics KPI Analytics Key Performance Indicator 157

Smart Data Collective

JUNE 6, 2021

If your company revolves around the manufacturing of goods or services, for example, big data can aid you in the development of your products. This can be done through the analysis of previous product success as well as the data collected from test markets and/or social groups that may dictate what commercial offerings are best received.

Big Data 137

Big Data Data Analytics Analytics Cost-Benefit 137

Occam's Razor

FEBRUARY 22, 2010

Feel better? : ) When should you start doing paid search advertising for tours to Italy for 2011? These toolbars also collect limited information about the browsing behavior of the customers who use them, including the pages visited, the search terms used, perhaps even time spent on each page, and so forth. 6: Self-reported Data.

Metrics 124

Metrics Advertising Reporting Data Collection 124

Smart Data Collective

APRIL 5, 2019

Social media monitoring involves collecting data and is quantifiable. For example, it hones in on metrics in social media like retweets, engagement rates, mention, and story completions. million in Series B in 2010, and was quickly acquired by Twitter for $40 million in 2011.

Big Data 100

Big Data Interactive Data-driven Machine Learning 100

Smart Data Collective

APRIL 2, 2019

Sometimes they did, sometimes they didn’t, but the overall feeling when it came to Big Data was still positive because of the potential it had for delivering insights to the business world. The Thrust for Data Lake Creation.

Data Lake 106

Data Lake Big Data OLAP Testing 106

Domino Data Lab

MARCH 3, 2019

Then, when we received 11,400 responses, the next step became obvious to a duo of data scientists on the receiving end of that data collection. Over the past six months, Ben Lorica and I have conducted three surveys about “ABC” (AI, Big Data, Cloud) adoption in enterprise. What metrics are used to evaluate success?

Data Science 49

Data Science Deep Learning Machine Learning Modeling 49

The Unofficial Google Data Science Blog

OCTOBER 12, 2017

Implicitly, there was a prior belief about some interesting causal mechanism or an underlying hypothesis motivating the collection of the data. As computing and storage have made data collection cheaper and easier, we now gather data without this underlying motivation. And for good reason!

Experimentation 62

Experimentation Testing Statistics Metrics 62