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Tag: Business

Domain Knowledge in a Specific Field: Is it Important for a Data Scientist?
Is it important for data scientists to have domain knowledge in a specific field? In this article, I’ll answer this question. As you might have heard from me... The post Domain Knowledge in a Specific Field: Is it Important for a Data Scientist? appeared first on Data36.
Simultaneous projects
I said something to my wife this evening to the effect that it’s best for employees to have one or at most two projects at a time. Two is good because you can switch off when you’re tired of one project or if you’re waiting on input. But with three …
Visits to businesses compared year-over-year in each state
Businesses are still seeing visits mostly down compared to last year, which shouldn’t…Tags: business, coronavirus, New York Times
Data on loans issued through the Paycheck Protection Program
The Paycheck Protection Program was established to provide aid to small businesses. It’s…Tags: business, coronavirus, loans, money
Opposite of the Peter Principle
The Peter Principle is an idea that was developed by Lawrence Peter and expanded into a book coauthored with Raymond Hull in 1969. It says that people rise to their level of incompetence. According to the Peter Principle, competent people are repeatedly promoted until they get to a level where …
Scaling up and down
There’s a worn-out analogy in software development that you cannot build a skyscraper the same way you build a dog house. The idea is that techniques that will work on a small scale will not work on a larger scale. You need more formality to build large software systems. The …
4 Signs Your Business Needs Professional IT Support
American small and medium-sized businesses spend nearly $700 billion a year on technology. Utilizing the power of technology is essential when trying to gain a competitive edge. The more software programs and apps you have in place, the higher the need for professional information technology support will become. The biggest …
What does CCPA say about de-identified data?
The California Consumer Privacy Act, or CCPA, takes effect January 1, 2020, less than six months from now. What does the act say about using deidentified data? First of all, I am not a lawyer; I work for lawyers, advising them on matters where law touches statistics. This post is …
The cost of no costs
The reason businesses have employees rather than contracting out everything is to reduce transaction costs. If a company needs enough graphics work, they hire a graphic artist rather than outsourcing every little project, eliminating the need to evaluate bids, write contracts, etc. Some things are easier when no money has …
Cop with a mop
Yesterday I was at a wedding, and a vase broke in the aisle shortly before the bridal party was to enter. Guests quickly picked up the pieces, but the vase left a pool of water on the hard floor. A security guard ran (literally) for a mop and cheerfully picked …
The Real Role of Big Data In Business Development
A few years ago, I spoke with an older gentleman that had worked as a business consultant for decades. He had expressed a lot of skepticism about the impact of analytics on the business field. In more recent years, it has become clear that big data is changing the nature …
Leveraging Existing Data To Penetrate Saturated Markets
Ever since big data become a buzz term companies have leveraged data they’ve collected to improve market penetration. This strategy has worked for the better part of the last ten years or so. Unfortunately, traditional online and social marketing platforms have gotten so saturated that it’s nearly impossible to penetrate …
Pareto’s 80-20 rule
Pareto’s 80-20 rule says that 80% of your results often come from 20% of your effort. Maybe 80% of your profit comes from 20% of your customers, or maybe 80% of the bugs in your software are removed in the first 20% of the time you spend debugging. The rule …
What To Know About Using Artificial Intelligence For Big Data Analysis
For the past many decades of hope and promise, 2018 may finally be the year when AI will gain meaningful traction and use within the Fortune 1000 companies. A survey conducted by New Vantage Partners represented around 97.2% of the executives who were willing to invest in launching and facilitating …
3 Ways Big Data Improves Leadership Within Companies
The role of today’s business leaders is changing. They no longer focus solely on motivation and empowerment, but also on the analytical and social/ human skills needed to drive organizations toward corporate objectives. Today’s industry leaders must adjust quickly to changes in privacy laws and other regulations that require revisions …
Artificial Intelligence, Business, And Our Future Job Security
There’s something both beautiful and frightening about the slow loss of the human element in the business sector, future job security changes, and its looming inevitability. Humankind has been dreaming of the day when our intervention in the monotony of the daily grind becomes a thing of the past for …
Bucket o’ companies compared to Apple $1 trillion value
Apple’s value passed $1 trillion on Thursday, and as tradition requires, we must…Tags: Apple, business, New York Times, stocks
7 Practical Applications of Using Your Telecom Data
Reading Time: 1 minute The post 7 Practical Applications of Using Your Telecom Data appeared first on Data Science Blog.