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November 2015 Blog Posts (11)

Average Expenses for TV across states of USA

This post makes an attempt to depict the averages spent across the states towards their TV channel expenses for a big size country (USA). Though it has been developed using sample data belonging to a particular service provider; this post depicts its interest in regional differences in average spent on said service across the country. Herein, I would like to bring to your notice that economic importance of some USA states being notably better connected with multiple service providers and due…


Added by Dr. Pradeep Mavuluri on November 30, 2015 at 11:30pm — No Comments

Great Friday Reading

Contents: three new articles worth reading, posted today; one recently posted and very popular; and a link to our past Thursday digest (at the bottom of this message) if you missed it because of Thanksgiving.

The ABCD's of Business Optimization 

I was trying to find some good domain name for our upcoming business science website, when something suddenly became clear to me. Many of us…


Added by Vincent Granville on November 27, 2015 at 12:00pm — No Comments

Multivariate modeling vs. univariate modeling along human intuition: predicting taste of wine

I wrote a blog post inspired by Jamie Goode's book "Wine Science: The Application of Science in Winemaking".

In this book, Goode argued that reductionistic approach cannot explain relationship between chemical ingredients and taste of wine. Indeed, we know not all high (alcohol) wines are excellent, although in general high wines are believed to be good. Usually taste of wine is affected by a complicated balance of many components such as sweetness, acid, tannin,…


Added by Takashi J. OZAKI on November 26, 2015 at 8:43am — No Comments

5 Reasons to Invest in Customer Experience Software

The first fundamental rule of growth hacking or growing your business is to utilize your existing traffic to the max – whether it’s a new business or a well-established one. For both, a newly designed website and a fully functioning online shop, lowering bounce rates, addressing CRO (conversion rate optimization), and improving CX (customer experience) are mandatory. Customer experience software effortlessly extracts invaluable information directly from your site to facilitate improvement in…


Added by Efrat Ravid on November 26, 2015 at 5:30am — No Comments

Know Your Data: The Data Complexity Matrix

Data environments are growing exponentially. IDC reports that compound annual growth in data through 2020 will be almost 50% per year. Not only is there more data, but there are more data sources. According to Ventana Research, 70% of organizations need to integrate more than 6 disparate data sources. At the same time, the value of unlocking that data and using it to make business decisions is also increasing. For the business user, understanding this complex data and unlocking its potential…


Added by Eran Levy on November 24, 2015 at 12:00pm — No Comments

Collaborative Filtering Recommender Systems - Item Based approach

In the series of implementing Recommendation engines, in my previous blog about recommendation system in R, I have explained about…

Added by suresh kumar Gorakala on November 23, 2015 at 7:04pm — No Comments

Why Analytics Needs The Human Element

Big data is now, more or less, an accepted fact of business, and all companies are collecting it to some degree. Collection is, however, the easy part. Analyzing it to leverage insights that could actually improve company performance is the entire point of collecting data, yet many firms lack staff with the appropriate skill set to do this. It’s like a football team spending millions on training facilities and then signing…


Added by Sam Button on November 19, 2015 at 5:26am — No Comments

Are data scientists overpaid?

The answer? Fake data scientists are overpaid, real ones underpaid.

Added by Decision Science on November 8, 2015 at 4:30pm — 1 Comment

Great Friday Reading

Articles recently posted on DSC. Enjoy the reading!

7 Traits a Big Data Scientist Shouldn’t Have - Remember, I’m using data scientist as a bit of a catch-all term to include data analysts, engineers, programmers, and more. But taking into account that we want data scientists to have a balance of common sense, business skills, creativity, a geeky love of statistics, and data skills management skills, I was curious what sorts of traits would be the opposite? What would…


Added by Vincent Granville on November 6, 2015 at 1:00pm — No Comments

The Way To A Successful Business With Data Integration And Management

In order for a business to be successful in today’s highly competitive world, it is necessary that to go above and beyond to prove themselves loyal and worthy of a customer’s relationship. There are many ways this is done, but it starts with the collection and analysis of various pieces of data. The data can provide an array of information that can be used to enhance the overall customer experience. However, it isn’t only the customer that benefits with the use of special data analysis…


Added by Kevin Lee on November 2, 2015 at 8:31am — No Comments

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