Tag: Process

Feed: Liquid Web. Author: Chris Lema; Loyalty is practically its own form of currency, especially for eCommerce stores. When customers are loyal to your store, they offer greater customer lifetime value (CLV) which in turn, generates more revenue for your business.If you want your eCommerce store to be as successful as possible (and who doesn’t?), measuring customer loyalty with key customer retention metrics will show you how many of your customers are coming back to your store again and again. With that data, you can make smart improvements to your business to further boost customer loyalty.Let’s take a closer look ... Read More

Feed: SAS Blogs. Author: Michael Rabin. Some say that the insurance industry is a long, quiet river on which stately steamships cruise. Others say it is a shark tank where only the strongest survive. Which is right?  The answer is both. The insurance market is clearly mature, with a limited scope of action for individual players. There is, however, no question that merciless predatory competition is taking place, probably precisely because of this saturation. It is the perfect recipe for a ruinous price war, even though this is something that insurers really cannot afford in the long term. There is ... Read More

Feed: AWS Compute Blog. Author: Anuneet Kumar. This post is contributed by Adam McLean – Solutions Developer at AWS and Chirill Cucereavii – Application Architect at AWS In this post, we show you how to automatically refresh the container instances in an active Amazon Elastic Container Service (ECS) cluster with instances built from a newly released AMI. The Amazon ECS-optimized AMI  comes prepackaged with the ECS container agent, Docker agent, and the ecs-init upstart service. We recommend that you use the Amazon ECS-optimized AMI for your container instances unless your application requires any of the following: A specific operating system Custom security and monitoring agents installed ... Read More

Feed: Featured Blog Posts - Data Science Central. Author: Tansel Arif. PREFACE Previously, I tackled the Gambler's Ruin problem using conditional probability and difference equations as well as visualising the simulations of the problem in a random walk style using Python/Pygame. This can be found here: https://www.datasciencecentral.com/profiles/blogs/gambler-s-ruin-si.... Continuing this gambling style, the following demonstrates a simple application of Bayesian Inference, probability generating functions and conjugacy to a process involving multiple random variables. This article has 5 sections:0- Introduction: Introduction to a process dependent on two random variables1- The Problem: Setting up the wheel of fortune problem2- The Solution: The solution to ... Read More

Feed: Featured Blog Posts - Data Science Central. Author: Vincent Granville. Many of the following statistical tests are rarely discussed in textbooks or in college classes, much less in data camps. Yet they help answer a lot of different and interesting questions. I used most of them without even computing the underlying distribution under the null hypothesis, but instead, using simulations to check whether my assumptions were plausible or not. In short, my approach to statistical testing is model-free, data-driven. Some are easy to implement even in Excel. Some of them are illustrated here, with examples that do not require ... Read More

Feed: Featured Blog Posts - Data Science Central. Author: William Vorhies. Summary:  A defensible data strategy increasingly defines those AI businesses that will be successful.  VCs know this and are steering the funding to this strategy.  Read here about what a defensible data strategy is and how to identify your next AI opportunity using this technique. The most recent issue of MIT Technology Review shows their annual list of 35 Innovators Under 35.  Of these, 15 are AI-based - 43%.  Another 3 are in Computational Synthetic Biology that depends on deep learning. Similarly the website Angel.co which tracks the formation ... Read More

Feed: Cloudwards. Author: Brian Murray; Every time you type a website address into the URL bar of your browser, it triggers a complex series of events that connect your computer with the website. Part of the process is for your computer to retrieve the IP address of that website’s server. This information is given to your computer by a DNS, or domain name system. It’s a “middleman” reminiscent of an operator on old-timey phone exchange. Your computer contacts the DNS and tells it the URL for the website you are trying to reach. The DNS then provides the address of ... Read More

Feed: SAS Blogs. Author: Rick Wicklin. Maybe if we think and wish and hope and pray It might come true. Oh, wouldn't it be nice? The Beach Boys Months ago, I wrote about how to use the EFFECT statement in SAS to perform regression with restricted cubic splines. This is the modern way to use splines in a regression analysis in SAS, and it replaces the need to use older macros such as Frank Harrell's %RCSPLINE macro. I shared my blog post with a colleague at SAS and mentioned that the process could be simplified. In order to specify the ... Read More

Feed: Neo4j Graph Database Platform. Author: Jocelyn Hoppa. Graph algorithms provide the means to understand, model and predict complicated dynamics such as the flow of resources or information, the pathways through which contagions or network failures spread, and the influences on and resiliency of groups.This blog series is designed to help you better utilize graph analytics and graph algorithms so you can effectively innovate and develop intelligent solutions faster using a graph database like Neo4j.Last week we wrapped up our look at Centrality algorithms, with our look at the Closeness Centrality algorithm.This week we begin our exploration of Community Detection ... Read More

Feed: Planet MySQL; Author: Scotch.io; The importance of online code editing platforms cannot be overemphasized. As much as we love our local IDE's, one too many times we find ourselves needing to quickly share and or collaborate with a friend or colleague in our local projects. Table of ContentsIn cases like this, online playgrounds give us that added functionality to write and run codes as well as share snippets and have colleagues test it out and give us feedback. In this post, we'll be looking at the top 5 online code editors for JavaScript in no particular order. CodePen is ... Read More