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Chapter 14: Conclusion (General Concepts: Thinking Analytically (helps…
Chapter 14: Conclusion
General Concepts: How Data Science Fits
Within
Competitive Landscape
leading to
competitive advantages
Organizations
Building teams through
attracting talent
structuring team
Nuturing growth
using
tactical principles
to sustain
competitive advantage
#
to do well
on data science projects
General Concepts: Thinking Analytically
helps with
gathering appropriate data
considering appropriate methods
to apply
data science
to well structured problems
exploratory mining
Keeping in mind
the overall problem
end goal
Consider
data
as an asset
Facebook, Twitter, ect.
Avoiding
generalization
overfitting
General Concepts: Extracting Knowledge
Accomplished by
understanding
informative attributes
and how they correlate
objectives
and finding
different parameters
Controlling complexity
by finding tradeoffs
between
generalization
overfitting
Identifying
similarities
between objects
patterns
in the data set
Moving Forward
Understanding
that data science
is new
is changing
meaning
new methods
new data
is complicated
Potential new challenges
Mining mobile data
widely used
hard to track
due to
large amounts of data
variety of devices
Privacy and ethics
so much information
easily available
very informative
very valuable
opportunity for misconduct