Oct 31, 19: #AnalyticsClub #Newsletter (Events, Tips, News & more..)

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[  COVER OF THE WEEK ]

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Data shortage  Source

[ AnalyticsWeek BYTES]

>> Serverless: A Game Changer for Data Integration by analyticsweekpick

>> Why Organizations Are Choosing Talend vs Informatica by analyticsweekpick

>> Building Big Analytics as a Sustainable Competitive Advantage by v1shal

Wanna write? Click Here

[ FEATURED COURSE]

A Course in Machine Learning

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Machine learning is the study of algorithms that learn from data and experience. It is applied in a vast variety of application areas, from medicine to advertising, from military to pedestrian. Any area in which you need… 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]

Analytics Strategy that is Startup Compliant
With right tools, capturing data is easy but not being able to handle data could lead to chaos. One of the most reliable startup strategy for adopting data analytics is TUM or The Ultimate Metric. This is the metric that matters the most to your startup. Some advantages of TUM: It answers the most important business question, it cleans up your goals, it inspires innovation and helps you understand the entire quantified business.

[ DATA SCIENCE Q&A]

Q:How do you test whether a new credit risk scoring model works?
A: * Test on a holdout set
* Kolmogorov-Smirnov test

Kolmogorov-Smirnov test:
– Non-parametric test
– Compare a sample with a reference probability distribution or compare two samples
– Quantifies a distance between the empirical distribution function of the sample and the cumulative distribution function of the reference distribution
– Or between the empirical distribution functions of two samples
– Null hypothesis (two-samples test): samples are drawn from the same distribution
– Can be modified as a goodness of fit test
– In our case: cumulative percentages of good, cumulative percentages of bad

Source

[ VIDEO OF THE WEEK]

#BigData @AnalyticsWeek #FutureOfData #Podcast with @ScottZoldi, @FICO

 #BigData @AnalyticsWeek #FutureOfData #Podcast with @ScottZoldi, @FICO

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[ QUOTE OF THE WEEK]

Data are becoming the new raw material of business. – Craig Mundie

[ PODCAST OF THE WEEK]

@CRGutowski from @GE_Digital on Using #Analytics to #Transform Sales #FutureOfData #Podcast

 @CRGutowski from @GE_Digital on Using #Analytics to #Transform Sales #FutureOfData #Podcast

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[ FACT OF THE WEEK]

Within five years there will be over 50 billion smart connected devices in the world, all developed to collect, analyze and share data.

Sourced from: Analytics.CLUB #WEB Newsletter

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