Friday, May 31, 2019
Business Intelligence and Analytics 19
1 The Secret Sauce Behind Successful Analytics
https://www.business2community.com/business-intelligence/data-integration-the-secret-sauce-behind-successful-analytics-02204698
There’s more data available to businesses now than ever before. But lost at sea in this data ocean are companies that have not yet made strides to better integrate their business with the information at hand. Aberdeen’s Data Integration study findings reveal what changes the industry leaders have made, as well as what challenges companies can expect to face in the near future.
2 4 Keys to Building a Successful Business Intelligence Strategy
https://learn.g2.com/business-intelligence-strategy
If you’re a company with high-growth aspirations, I’m sure you’ve considered looking into business intelligence at least once or twice. When done right, business intelligence leads to faster and more confident decision-making; mainly because these decisions are backed by data. It can save time, money, effort, and open new opportunities.
3 Top 5 Tips For Conducting Successful BI Projects With Examples & Templates
https://www.datapine.com/blog/analytics-and-bi-projects-examples-templates/
BI projects aren’t just for the big fishes in the sea anymore; the technology has developed rapidly, the software has become more accessible while business intelligence and analytics projects implemented in various industries regularly, no matter the shape and size, small businesses or large enterprises. With the help of online data analysis tools, these kinds of projects have become easy to manage and agile in performance.
4 Careful! Looking at your model results too much can cause information leakage
https://www.kdnuggets.com/2019/05/careful-looking-model-results-cause-information-leakage.html
It’s always to use as much data as you can when building machine learning models. I think we all are aware of the issue of overfitting, which is essentially where the model you build replicates the training data results so perfectly its fitted to the training data and does not generalise to better represent the population the data comes to, with catastrophic results when you feed in new data and get very odd results.
5 How Artificial Intelligence Will Disrupt the Financial Sector
https://datafloq.com/read/artificial-intelligence-disrupt-financial-sector/6417
Artificial intelligence thrives with data. The more data you have, the better your algorithms will be. However, just having a lot of data is not sufficient anymore. You also need high-quality data, or in the words of Peter Norvig, you need better data
6 Neural Adaptation: 5 Key Ways to Boost Your Conversions Using this Psychological Principle
https://blog.hubspot.com/marketing/neural-adaptation
This is explained by a concept called neural adaptation: a gradual decrease in response to a stimulus due to constant exposure to it. This concept explains why our clothes, shoes, and caps feel like a part of our body and why we feel slight pain when we dip our hand (or body) in slightly hot water but feel almost nothing if our hand remains in the slightly hot water despite its temperature not changing considerably.
7 Who is your Golden Goose?: Cohort Analysis
https://www.kdnuggets.com/2019/05/golden-goose-cohort-analysis.html
Customer segmentation is the technique of dividing customers into groups based on their purchase patterns to identify who are the most profitable groups. In segmenting customers, various criteria can also be used depending on the market such as geographic, demographic characteristics or behavior bases. This technique assumes that groups with different features require different approaches to marketing and wants to figure out the groups who can boost their profitability the most.
8 Six Productivity Tips to Help You Build Healthy Habits
https://problogger.com/build-healthy-habits/
Do you struggle with managing your time? As an online entrepreneur it’s easy to slip into bad habits – moving frantically from one urgent thing to another, or responding to other people’s agendas without much thought about what we need to get done. In this post, I’m sharing six things that have helped me form good habits in my blogging, my business, and many aspects of my life.
