Data Science With R Course Series - Week 1

    Written by Matt Dancho on September 20, 2018

    Data Science and Machine Learning in business begins with R. Why? R is the premier language that enables rapid exploration, modeling, and communication in a way that no other programming language can match: SPEED! This is why you need to learn R. Time is money, and, in a world where you are measured on productivity and skill, R is your best friend.


    Case Study: How To Build A High Performance Data Science Team

    Written by Matt Dancho and Rafael Nicolas Fermin Cota on September 18, 2018

    Artificial intelligence (AI) has the potential to change industries across the board, yet few organizations are able to capture its value and realize a real return-on-investment. The reality is that the transition to AI and data driven analysis is difficult and not well understood. The issue is twofold, first, the necessary technology to complete such a task has only recently become mainstream, and second, most data scientists are inexperienced in their respective industries. However, with all the uncertainty surrounding this topic, one hedge fund has managed to navigate through these challenges and accomplish what many companies are failing to do: building a high-performing data science team that achieves real return-on-investment (ROI).


    Agile Framework For Creating An ROI-Driven Data Science Practice

    Written by Favio Vazquez on August 21, 2018

    Data Science is an amazing field of research that is under active development both from the academia and the industry. One of the saddest facts in the real-world is that most data science projects in organizations fail. Here I’ll present a new iteration of an agile framework called Business Science Problem Framework (Download PDF here) to implement data science in a way that enables decision making to follow a systematic process that connects the models you create to Return On Investment (ROI) and show the value that your improvements bring to the business. The end result is that the BSPF is an agile framework, and we are working to develop a new visualization (BSPF 2.0) that conveys this agility.


    IML: Machine Learning Model Interpretability And Feature Explanation with IML and H2O

    Written by Brad Boehmke on August 13, 2018

    Model interpretability is critical to businesses. If you want to use high performance models (GLM, RF, GBM, Deep Learning, H2O, Keras, xgboost, etc), you need to learn how to explain them. With machine learning interpretability growing in importance, several R packages designed to provide this capability are gaining in popularity. We analyze the IML package in this article.


    Press Release: Business Science Partners With Method Data Science To Accelerate Your Data Science Career

    Written by Matt Dancho on July 18, 2018

    The goal is simple: to educate and empower future data scientists so they can help organizations gain data-driven results. This is why it was a no-brainer when the opportunity came up for Business Science to partner with Method Data Science, the go-to data science accelerator for aspiring data scientists. Now Method Data Scientists will get exclusive lectures from Business Science Instructors and have discounted access to Business Science University, the revolutionary online education platform for learning data science for business, along with instructor trainings as part of the Method Data Science accelerator program. This is big news for current and future data scientists seeking to gain real-world experience while learning how to deliver results to organizations!


    New Course Content: DS4B 201 Chapter 7, The Expected Value Framework For Modeling Churn With H2O

    Written by Matt Dancho on July 16, 2018

    I’m pleased to announce that we released brand new content for our flagship course, Data Science For Business (DS4B 201). Over the course of 10 weeks, the DS4B 201 course teaches students and end-to-end data science project solving Employee Churn with R, H2O, & LIME. The latest content is focused on transitioning from modeling Employee Churn with H2O and LIME to evaluating our binary classification model using Return-On-Investment (ROI), thus delivering business value. We do this through application of a special tool called the Expected Value Framework. Let’s learn about the new course content available now in DS4B 201, Chapter 7, which covers the Expected Value Framework for modeling churn with H2O!


    How To Successfully Manage A Data Science Project: The Business Science Problem Framework

    Written by Matt Dancho on June 19, 2018

    Data Scientists want to run successful projects. However, the sad fact is that most data science projects in organizations fail. It’s not because of lack of skill or knowledge. Data science projects need a clear and effective plan of attack to be successful. As data scientists, we study a wide array of tools: advanced algorithms, knowledge of statistics, and even programming skills.