Remove Events Remove Measurement Remove Uncertainty
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What are Joint, Marginal, and Conditional Probability?

Analytics Vidhya

Probability is a cornerstone of statistics and data science, providing a framework to quantify uncertainty and make predictions. Understanding joint, marginal, and conditional probability is critical for analyzing events in both independent and dependent scenarios. What is Probability?

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South Korea’s political unrest threatens the stability of global tech supply chains

CIO Business Intelligence

The reversal calmed immediate fears of an extended crisis, but the political instability sent ripples through financial markets and heightened uncertainty for South Korea’s role as a global technology hub. The events in South Korea will again accelerate this trend.”

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Sustainability: Real progress but also thorny challenges ahead

CIO Business Intelligence

Dealing with uncertain economic environments, which can distract from sustainability issues: Energy prices, price inflation, and geopolitical tensions continue to fluctuate, and that uncertainty can impact focus on environmental sustainability. So far, however, companies seem to be staying the course.

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Business Strategies for Deploying Disruptive Tech: Generative AI and ChatGPT

Rocket-Powered Data Science

Those F’s are: Fragility, Friction, and FUD (Fear, Uncertainty, Doubt). Do not covet thy data’s correlations: a random six-sigma event is one-in-a-million. Do not covet thy data’s correlations: a random six-sigma event is one-in-a-million. Fragility occurs when a built system is easily “broken” when some component is changed.

Strategy 290
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Estimating the prevalence of rare events — theory and practice

The Unofficial Google Data Science Blog

by YI LIU Importance sampling is used to improve precision in estimating the prevalence of some rare event in a population. But importance sampling in statistics is a variance reduction technique to improve the inference of the rate of rare events, and it seems natural to apply it to our prevalence estimation problem.

Metrics 98
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How to Move from Real-Time Data to Real-Time Decisions

CIO Business Intelligence

In How to Measure Anything , Douglas Hubbard offers an alternative definition of “measurement” to the Oxford English Dictionary’s “the size, length, or amount of something.” Hubbard defines measurement as: “A quantitatively expressed reduction of uncertainty based on one or more observations.”.

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Top 8 challenges IT leaders will face in 2024

CIO Business Intelligence

To get back in front, IT leaders will have to transform lessons learned from 2023 into actionable, adaptable processes, as veteran technology pros have been remarkably consistent in identifying global and economic uncertainties as key challenges for IT leaders to anticipate in 2024 as well.

IT 133