Feb 22, 18: #AnalyticsClub #Newsletter (Events, Tips, News & more..)

[  COVER OF THE WEEK ]

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Accuracy  Source

[ NEWS BYTES]

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 HP stealthily installs new spyware called HP Touchpoint Analytics Client – Computerworld Under  Analytics

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 Customer segmentation with big data at hand – Business MattersBusiness Matters Under  Prescriptive Analytics

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 5 ways analytics can help health systems optimize their collection strategies – Becker’s Hospital Review Under  Analytics

More NEWS ? Click Here

[ FEATURED COURSE]

Hadoop Starter Kit

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Hadoop learning made easy and fun. Learn HDFS, MapReduce and introduction to Pig and Hive with FREE cluster access…. more

[ FEATURED READ]

Data Science from Scratch: First Principles with Python

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Data science libraries, frameworks, modules, and toolkits are great for doing data science, but they’re also a good way to dive into the discipline without actually understanding data science. In this book, you’ll learn … more

[ TIPS & TRICKS OF THE WEEK]

Data aids, not replace judgement
Data is a tool and means to help build a consensus to facilitate human decision-making but not replace it. Analysis converts data into information, information via context leads to insight. Insights lead to decision making which ultimately leads to outcomes that brings value. So, data is just the start, context and intuition plays a role.

[ DATA SCIENCE Q&A]

Q:Is it better to spend 5 days developing a 90% accurate solution, or 10 days for 100% accuracy? Depends on the context?
A: * “premature optimization is the root of all evils”
* At the beginning: quick-and-dirty model is better
* Optimization later
Other answer:
– Depends on the context
– Is error acceptable? Fraud detection, quality assurance

Source

[ VIDEO OF THE WEEK]

Rethinking classical approaches to analysis and predictive modeling

 Rethinking classical approaches to analysis and predictive modeling

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[ QUOTE OF THE WEEK]

Data is not information, information is not knowledge, knowledge is not understanding, understanding is not wisdom. – Clifford Stoll

[ PODCAST OF THE WEEK]

Venu Vasudevan @VenuV62 (@ProcterGamble) on creating a rockstar data science team #FutureOfData #Podcast

 Venu Vasudevan @VenuV62 (@ProcterGamble) on creating a rockstar data science team #FutureOfData #Podcast

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[ FACT OF THE WEEK]

100 terabytes of data uploaded daily to Facebook.

Sourced from: Analytics.CLUB #WEB Newsletter

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