Uncategorized – AnalyticsCube

Jul 02, 20: #AnalyticsClub #Newsletter (Events, Tips, News & more..)

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[ COVER OF THE WEEK ]

Big Data knows everything Source

[ TIPS & TRICKS OF THE WEEK]

Winter is coming, warm your Analytics Club
Yes and yes! As we are heading into winter what better way but to talk about our increasing dependence on data analytics to help with our decision making. Data and analytics driven decision making is rapidly sneaking its way into our core corporate DNA and we are not churning practice ground to test those models fast enough. Such snugly looking models have hidden nails which could induce unchartered pain if go unchecked. This is the right time to start thinking about putting Analytics Club[Data Analytics CoE] in your work place to help Lab out the best practices and provide test environment for those models.

[ DATA SCIENCE Q&A]

Q:Is it better to design robust or accurate algorithms?
A: A. The ultimate goal is to design systems with good generalization capacity, that is, systems that correctly identify patterns in data instances not seen before
B. The generalization performance of a learning system strongly depends on the complexity of the model assumed
C. If the model is too simple, the system can only capture the actual data regularities in a rough manner. In this case, the system poor generalization properties and is said to suffer from underfitting
D. By contrast, when the model is too complex, the system can identify accidental patterns in the training data that need not be present in the test set. These spurious patterns can be the result of random fluctuations or of measurement errors during the data collection process. In this case, the generalization capacity of the learning system is also poor. The learning system is said to be affected by overfitting
E. Spurious patterns, which are only present by accident in the data, tend to have complex forms. This is the idea behind the principle of Occams razor for avoiding overfitting: simpler models are preferred if more complex models do not significantly improve the quality of the description for the observations
Quick response: Occams Razor. It depends on the learning task. Choose the right balance
F. Ensemble learning can help balancing bias/variance (several weak learners together = strong learner)
Source

[ VIDEO OF THE WEEK]

@AnalyticsWeek Panel Discussion: Big Data Analytics

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[ QUOTE OF THE WEEK]

The data fabric is the next middleware. Todd Papaioannou

[ PODCAST OF THE WEEK]

#DataScience Approach to Reducing #Employee #Attrition

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[ FACT OF THE WEEK]

In late 2011, IDC Digital Universe published a report indicating that some 1.8 zettabytes of data will be created that year.

Sourced from: Analytics.CLUB #WEB Newsletter

Jun 25, 20: #AnalyticsClub #Newsletter (Events, Tips, News & more..)

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[ COVER OF THE WEEK ]

Ethics Source

[ AnalyticsWeek BYTES]

>> How The Guardianâs Ophan analytics engine helps editors make better decisions by analyticsweekpick

>> May 23, 19: #AnalyticsClub #Newsletter (Events, Tips, News & more..) by admin

>> Data Matching with Different Regional Data Sets by analyticsweekpick

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[ FEATURED COURSE]

Applied Data Science: An Introduction

As the world’s data grow exponentially, organizations across all sectors, including government and not-for-profit, need to understand, manage and use big, complex data setsknown as big data…. more

[ FEATURED READ]

Data Science from Scratch: First Principles with Python

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 SCIENCE Q&A]

Q:Provide a simple example of how an experimental design can help answer a question about behavior. How does experimental data contrast with observational data?
A: * You are researching the effect of music-listening on studying efficiency
* You might divide your subjects into two groups: one would listen to music and the other (control group) wouldnt listen anything!
* You give them a test
* Then, you compare grades between the two groups

Differences between observational and experimental data:
– Observational data: measures the characteristics of a population by studying individuals in a sample, but doesnt attempt to manipulate or influence the variables of interest
– Experimental data: applies a treatment to individuals and attempts to isolate the effects of the treatment on a response variable

Observational data: find 100 women age 30 of which 50 have been smoking a pack a day for 10 years while the other have been smoke free for 10 years. Measure lung capacity for each of the 100 women. Analyze, interpret and draw conclusions from data.

Experimental data: find 100 women age 20 who dont currently smoke. Randomly assign 50 of the 100 women to the smoking treatment and the other 50 to the no smoking treatment. Those in the smoking group smoke a pack a day for 10 years while those in the control group remain smoke free for 10 years. Measure lung capacity for each of the 100 women.
Analyze, interpret and draw conclusions from data.

Source

[ VIDEO OF THE WEEK]

@DrewConway on creating socially responsible data science practice #FutureOfData #Podcast

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[ QUOTE OF THE WEEK]

Torture the data, and it will confess to anything. Ronald Coase

[ PODCAST OF THE WEEK]

Solving #FutureOfWork with #Detonate mindset (by @steven_goldbach & @geofftuff) #JobsOfFuture #Podcast

iTunes GooglePlay

[ FACT OF THE WEEK]

Decoding the human genome originally took 10 years to process; now it can be achieved in one week.

Sourced from: Analytics.CLUB #WEB Newsletter

Jun 18, 20: #AnalyticsClub #Newsletter (Events, Tips, News & more..)

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[ COVER OF THE WEEK ]

Statistics Source

[ AnalyticsWeek BYTES]

>> Proactive Services Data Management in the Age of Hyper-Distribution by analyticsweekpick

>> How to install and use the Datumbox Machine Learning Framework by administrator

>> Oct 10, 19: #AnalyticsClub #Newsletter (Events, Tips, News & more..) by admin

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[ FEATURED COURSE]

Artificial Intelligence

This course includes interactive demonstrations which are intended to stimulate interest and to help students gain intuition about how artificial intelligence methods work under a variety of circumstances…. more

[ FEATURED READ]

How to Create a Mind: The Secret of Human Thought Revealed

Ray Kurzweil is arguably today’s most influentialand often controversialfuturist. In How to Create a Mind, Kurzweil presents a provocative exploration of the most important project in human-machine civilizationreverse… more

[ TIPS & TRICKS OF THE WEEK]

Finding a success in your data science ? Find a mentor
Yes, most of us dont feel a need but most of us really could use one. As most of data science professionals work in their own isolations, getting an unbiased perspective is not easy. Many times, it is also not easy to understand how the data science progression is going to be. Getting a network of mentors address these issues easily, it gives data professionals an outside perspective and unbiased ally. It’s extremely important for successful data science professionals to build a mentor network and use it through their success.

[ DATA SCIENCE Q&A]

Q:How do you take millions of users with 100s transactions each, amongst 10ks of products and group the users together in meaningful segments?
A: 1. Some exploratory data analysis (get a first insight)

* Transactions by date
* Count of customers Vs number of items bought
* Total items Vs total basket per customer
* Total items Vs total basket per area

2.Create new features (per customer):

Counts:

* Total baskets (unique days)
* Total items
* Total spent
* Unique product id

Distributions:

* Items per basket
* Spent per basket
* Product id per basket
* Duration between visits
* Product preferences: proportion of items per product cat per basket

3. Too many features, dimension-reduction? PCA?

4. Clustering:

* PCA

5. Interpreting model fit
* View the clustering by principal component axis pairs PC1 Vs PC2, PC2 Vs PC1.
* Interpret each principal component regarding the linear combination its obtained from; example: PC1=spendy axis (proportion of baskets containing spendy items, raw counts of items and visits)

Source

[ VIDEO OF THE WEEK]

Data-As-A-Service (#DAAS) to enable compliance reporting

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[ QUOTE OF THE WEEK]

We chose it because we deal with huge amounts of data. Besides, it sounds really cool. Larry Page

[ PODCAST OF THE WEEK]

Unconference Panel Discussion: #Workforce #Analytics Leadership Panel

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[ FACT OF THE WEEK]

Data is growing faster than ever before and by the year 2020, about 1.7 megabytes of new information will be created every second for every human being on the planet.

Sourced from: Analytics.CLUB #WEB Newsletter

Jun 11, 20: #AnalyticsClub #Newsletter (Events, Tips, News & more..)

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[ COVER OF THE WEEK ]

Data analyst Source

[ AnalyticsWeek BYTES]

>> Stephen Wunker on future of customer success through cost innovation and data by v1shal

>> Hit the âEasyâ Button with Talend & Databricks to Process Data at Scale in the Cloud by analyticsweekpick

>> Voices in AI â Episode 98 â A Conversation with Jerome Glenn by analyticsweekpick

Wanna write? Click Here

[ FEATURED COURSE]

Probability & Statistics

This course introduces students to the basic concepts and logic of statistical reasoning and gives the students introductory-level practical ability to choose, generate, and properly interpret appropriate descriptive and… more

[ FEATURED READ]

Hypothesis Testing: A Visual Introduction To Statistical Significance

Statistical significance is a way of determining if an outcome occurred by random chance, or did something cause that outcome to be different than the expected baseline. Statistical significance calculations find their … 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:What is the life cycle of a data science project ?
A: 1. Data acquisition
Acquiring data from both internal and external sources, including social media or web scraping. In a steady state, data extraction and routines should be in place, and new sources, once identified would be acquired following the established processes

2. Data preparation
Also called data wrangling: cleaning the data and shaping it into a suitable form for later analyses. Involves exploratory data analysis and feature extraction.

3. Hypothesis & modelling
Like in data mining but not with samples, with all the data instead. Applying machine learning techniques to all the data. A key sub-step: model selection. This involves preparing a training set for model candidates, and validation and test sets for comparing model performances, selecting the best performing model, gauging model accuracy and preventing overfitting

4. Evaluation & interpretation

Steps 2 to 4 are repeated a number of times as needed; as the understanding of data and business becomes clearer and results from initial models and hypotheses are evaluated, further tweaks are performed. These may sometimes include step5 and be performed in a pre-production.

5. Deployment

6. Operations
Regular maintenance and operations. Includes performance tests to measure model performance, and can alert when performance goes beyond a certain acceptable threshold

7. Optimization
Can be triggered by failing performance, or due to the need to add new data sources and retraining the model or even to deploy new versions of an improved model

Note: with increasing maturity and well-defined project goals, pre-defined performance can help evaluate feasibility of the data science project early enough in the data-science life cycle. This early comparison helps the team refine hypothesis, discard the project if non-viable, change approaches.

Deployment

Operations
Regular maintenance and operations. Includes performance tests to measure model performance, and can alert when performance goes beyond a certain acceptable threshold

Optimization
Can be triggered by failing performance, or due to the need to add new data sources and retraining the model or even to deploy new versions of an improved model

Deployment

Operations
Regular maintenance and operations. Includes performance tests to measure model performance, and can alert when performance goes beyond a certain acceptable threshold

Optimization
Can be triggered by failing performance, or due to the need to add new data sources and retraining the model or even to deploy new versions of an improved model

Deployment

Operations
Regular maintenance and operations. Includes performance tests to measure model performance, and can alert when performance goes beyond a certain acceptable threshold

Optimization
Can be triggered by failing performance, or due to the need to add new data sources and retraining the model or even to deploy new versions of an improved model

[ VIDEO OF THE WEEK]

@TimothyChou on World of #IOT & Its #Future Part 2 #FutureOfData #Podcast

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[ QUOTE OF THE WEEK]

Everybody gets so much information all day long that they lose their common sense. Gertrude Stein

[ PODCAST OF THE WEEK]

@DrewConway on fabric of an IOT Startup #FutureOfData #Podcast

iTunes GooglePlay

[ FACT OF THE WEEK]

More than 200bn HD movies which would take a person 47m years to watch.

Sourced from: Analytics.CLUB #WEB Newsletter

Jun 04, 20: #AnalyticsClub #Newsletter (Events, Tips, News & more..)

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[ COVER OF THE WEEK ]

Data security Source

[ AnalyticsWeek BYTES]

>> Is this video software company set to take hockey analytics to the next level? by analyticsweekpick

>> Dave Ulrich (@dave_ulrich) talks about role / responsibility of HR in #FutureOfWork #JobsOfFuture #Podcast by v1shal

>> Six Doâs and Donâts of Collaborative Data Management by analyticsweekpick

Wanna write? Click Here

[ FEATURED COURSE]

Introduction to Apache Spark

Learn the fundamentals and architecture of Apache Spark, the leading cluster-computing framework among professionals…. more

[ FEATURED READ]

Hypothesis Testing: A Visual Introduction To Statistical Significance

[ TIPS & TRICKS OF THE WEEK]

Grow at the speed of collaboration
A research by Cornerstone On Demand pointed out the need for better collaboration within workforce, and data analytics domain is no different. A rapidly changing and growing industry like data analytics is very difficult to catchup by isolated workforce. A good collaborative work-environment facilitate better flow of ideas, improved team dynamics, rapid learning, and increasing ability to cut through the noise. So, embrace collaborative team dynamics.

[ DATA SCIENCE Q&A]

2. Data preparation
Also called data wrangling: cleaning the data and shaping it into a suitable form for later analyses. Involves exploratory data analysis and feature extraction.

4. Evaluation & interpretation

5. Deployment

6. Operations
Regular maintenance and operations. Includes performance tests to measure model performance, and can alert when performance goes beyond a certain acceptable threshold

7. Optimization
Can be triggered by failing performance, or due to the need to add new data sources and retraining the model or even to deploy new versions of an improved model

Deployment

Operations
Regular maintenance and operations. Includes performance tests to measure model performance, and can alert when performance goes beyond a certain acceptable threshold

Optimization
Can be triggered by failing performance, or due to the need to add new data sources and retraining the model or even to deploy new versions of an improved model

Deployment

Operations
Regular maintenance and operations. Includes performance tests to measure model performance, and can alert when performance goes beyond a certain acceptable threshold

Optimization
Can be triggered by failing performance, or due to the need to add new data sources and retraining the model or even to deploy new versions of an improved model

Deployment

Operations
Regular maintenance and operations. Includes performance tests to measure model performance, and can alert when performance goes beyond a certain acceptable threshold

Optimization
Can be triggered by failing performance, or due to the need to add new data sources and retraining the model or even to deploy new versions of an improved model

[ VIDEO OF THE WEEK]

Understanding #FutureOfData in #Health & #Medicine – @thedataguru / @InovaHealth #FutureOfData #Podcast

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[ QUOTE OF THE WEEK]

I’m sure, the highest capacity of storage device, will not enough to record all our stories; because, everytime with you is very valuable da

[ PODCAST OF THE WEEK]

@BrianHaugli @The_Hanover ?on Building a #Leadership #Security #Mindset #FutureOfData #Podcast

iTunes GooglePlay

[ FACT OF THE WEEK]

The largest AT&T database boasts titles including the largest volume of data in one unique database (312 terabytes) and the second largest number of rows in a unique database (1.9 trillion), which comprises AT&T’s extensive calling records.

Sourced from: Analytics.CLUB #WEB Newsletter

May 28, 20: #AnalyticsClub #Newsletter (Events, Tips, News & more..)

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[ COVER OF THE WEEK ]

Correlation-Causation Source

[ AnalyticsWeek BYTES]

>> How To Turn Your Data Into Content Marketing Gold by analyticsweekpick

>> 5 Recipes for Not Becoming the Data Turkey of Your Organization by analyticsweekpick

>> Movie Recommendations? How Does Netflix Do It? A 9 Step Coding & Intuitive Guide Into Collaborative Filtering by nbhaskar

Wanna write? Click Here

[ FEATURED COURSE]

Master Statistics with R

In this Specialization, you will learn to analyze and visualize data in R and created reproducible data analysis reports, demonstrate a conceptual understanding of the unified nature of statistical inference, perform fre… more

[ FEATURED READ]

Data Science from Scratch: First Principles with Python

[ TIPS & TRICKS OF THE WEEK]

[ DATA SCIENCE Q&A]

Q:Name a few famous APIs (for instance GoogleSearch)
A: Google API (Google Analytics, Picasa), Twitter API (interact with Twitter functions), GitHub API, LinkedIn API (users data)
Source

[ VIDEO OF THE WEEK]

#BigData #BigOpportunity in Big #HR by @MarcRind #JobsOfFuture #Podcast

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[ QUOTE OF THE WEEK]

War is 90% information. – Napoleon Bonaparte

[ PODCAST OF THE WEEK]

Jeff Palmucci @TripAdvisor discusses managing a #MachineLearning #AI Team

iTunes GooglePlay

[ FACT OF THE WEEK]

Every person in the US tweeting three tweets per minute for 26,976 years.

Sourced from: Analytics.CLUB #WEB Newsletter

May 21, 20: #AnalyticsClub #Newsletter (Events, Tips, News & more..)

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[ COVER OF THE WEEK ]

Insights Source

[ AnalyticsWeek BYTES]

>> Multi-Session & Multi-Channel Funnel Reporting in Google Analytics BigQuery by administrator

>> What is Machine Learning? A definition by administrator

>> Nov 22, 18: #AnalyticsClub #Newsletter (Events, Tips, News & more..) by admin

Wanna write? Click Here

[ FEATURED COURSE]

R Basics – R Programming Language Introduction

Learn the essentials of R Programming – R Beginner Level!… more

[ FEATURED READ]

Antifragile: Things That Gain from Disorder

Antifragile is a standalone book in Nassim Nicholas Talebs landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we dont understand. The… 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:When would you use random forests Vs SVM and why?
A: * In a case of a multi-class classification problem: SVM will require one-against-all method (memory intensive)
* If one needs to know the variable importance (random forests can perform it as well)
* If one needs to get a model fast (SVM is long to tune, need to choose the appropriate kernel and its parameters, for instance sigma and epsilon)
* In a semi-supervised learning context (random forest and dissimilarity measure): SVM can work only in a supervised learning mode

Source

[ VIDEO OF THE WEEK]

Using Analytics to build A #BigData #Workforce

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[ QUOTE OF THE WEEK]

The world is one big data problem. – Andrew McAfee

[ PODCAST OF THE WEEK]

@DrewConway on fabric of an IOT Startup #FutureOfData #Podcast

iTunes GooglePlay

[ FACT OF THE WEEK]

More than 200bn HD movies which would take a person 47m years to watch.

Sourced from: Analytics.CLUB #WEB Newsletter

May 14, 20: #AnalyticsClub #Newsletter (Events, Tips, News & more..)

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[ COVER OF THE WEEK ]

Weak data Source

[ AnalyticsWeek BYTES]

>> Is My Catalog Too Small to Consider a PIM Solution? by administrator

>> Jul 06, 17: #AnalyticsClub #Newsletter (Events, Tips, News & more..) by admin

>> PHP Exceeds the Generic Human Expectations. Hereâs how the Brand got it Done by thomassujain

Wanna write? Click Here

[ FEATURED COURSE]

Machine Learning

6.867 is an introductory course on machine learning which gives an overview of many concepts, techniques, and algorithms in machine learning, beginning with topics such as classification and linear regression and ending … more

[ FEATURED READ]

Data Science for Business: What You Need to Know about Data Mining and Data-Analytic Thinking

Written by renowned data science experts Foster Provost and Tom Fawcett, Data Science for Business introduces the fundamental principles of data science, and walks you through the “data-analytic thinking” necessary for e… more

[ TIPS & TRICKS OF THE WEEK]

Save yourself from zombie apocalypse from unscalable models
One living and breathing zombie in today’s analytical models is the pulsating absence of error bars. Not every model is scalable or holds ground with increasing data. Error bars that is tagged to almost every models should be duly calibrated. As business models rake in more data the error bars keep it sensible and in check. If error bars are not accounted for, we will make our models susceptible to failure leading us to halloween that we never wants to see.

[ DATA SCIENCE Q&A]

Q:What is star schema? Lookup tables?
A: The star schema is a traditional database schema with a central (fact) table (the observations, with database keys for joining with satellite tables, and with several fields encoded as IDs). Satellite tables map IDs to physical name or description and can be joined to the central fact table using the ID fields; these tables are known as lookup tables, and are particularly useful in real-time applications, as they save a lot of memory. Sometimes star schemas involve multiple layers of summarization (summary tables, from granular to less granular) to retrieve information faster.

Lookup tables:
– Array that replace runtime computations with a simpler array indexing operation

Source

[ VIDEO OF THE WEEK]

#HumansOfSTEAM feat. Hussain Gadwal, Mechanical Designer via @SciThinkers #STEM #STEAM

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[ QUOTE OF THE WEEK]

Hiding within those mounds of data is knowledge that could change the life of a patient, or change the world. Atul Butte, Stanford

[ PODCAST OF THE WEEK]

@RCKashyap @Cylance on State of Security & Technologist Mindset #FutureOfData #Podcast

iTunes GooglePlay

[ FACT OF THE WEEK]

29 percent report that their marketing departments have ‘too little or no customer/consumer data.’ When data is collected by marketers, it is often not appropriate to real-time decision making.

Sourced from: Analytics.CLUB #WEB Newsletter

May 07, 20: #AnalyticsClub #Newsletter (Events, Tips, News & more..)

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[ COVER OF THE WEEK ]

Correlation-Causation Source

[ AnalyticsWeek BYTES]

>> How Google Analytics Uses Cookies To Identify Users by administrator

>> Friends of Juice: Jessica Walker by analyticsweek

>> Australian businesses failing to explore bigger data by analyticsweekpick

Wanna write? Click Here

[ FEATURED COURSE]

Pattern Discovery in Data Mining

Learn the general concepts of data mining along with basic methodologies and applications. Then dive into one subfield in data mining: pattern discovery. Learn in-depth concepts, methods, and applications of pattern disc… more

[ FEATURED READ]

Introduction to Graph Theory (Dover Books on Mathematics)

A stimulating excursion into pure mathematics aimed at “the mathematically traumatized,” but great fun for mathematical hobbyists and serious mathematicians as well. Requiring only high school algebra as mathematical bac… more

[ TIPS & TRICKS OF THE WEEK]

[ DATA SCIENCE Q&A]

[ VIDEO OF THE WEEK]

@AnalyticsWeek Keynote: The CMO isn’t satisfied: Judah Phillips

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[ QUOTE OF THE WEEK]

Data matures like wine, applications like fish. James Governor

[ PODCAST OF THE WEEK]

@ChuckRehberg / @TrigentSoftware on Translating Technology to Solve Business Problems #FutureOfData #Podcast

iTunes GooglePlay

[ FACT OF THE WEEK]

30 Billion pieces of content shared on Facebook every month.

Sourced from: Analytics.CLUB #WEB Newsletter

Apr 30, 20: #AnalyticsClub #Newsletter (Events, Tips, News & more..)

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