In the Win for Life game, the top prize is an annuity of 3,000 euros monthly for 20 years. Too bad that only one case out of about 3.7 million gets the annuity. Whereupon someone tosses out a sports metaphor with which one can do very badly: you don’t score goals in 100 percent of …
What do many SMEs and scratch cards have in common? Read More »
In mathematics and the calculus of probability, one can find a formula used more in gambling than anything else. In fact, remember that the calculus of probability was born to increase earnings in that field, around the 16th century, after the birth of the first bank (Monte dei Paschi di Siena). This is one of …
Corporate gamble, marketing campaigns, advertising return: mathematical expectation Read More »
Every piece of data in your company, bit, constitutes a piece of a puzzle called an entrepreneurial adventure. You know when and how it began but you don’t know when it may end. The data scientist, with data science, can help you put those puzzle pieces together correctly, allowing a complete and in-depth view of …
Deciphering the story behind the numbers with data science Read More »
During COVID, laypeople learned about the R0 parameter, which is the number of subjects that can be infected by a single individual during his or her entire infection period. R0 becomes dangerous when it is greater than or equal to 1. It means that one person infects two people. In this article, the subject is …
Epidemiology of job posts for data analysts / scientists Read More »
From 2022 to 2024 we will see a new surge in the term artificial intelligence, driven by recent developments in language models such as GPT, which some call generative artificial intelligence, others copiative. Some academics say the next two years will have reinforcement learning as the new fashion, which also makes people understand how animal …
Artificial intelligence, automation or industriousness? Read More »
As the most basic part of matter we know atoms, quarks some nitpickers would say . These can organize into molecules, via energy. These molecules can organize further, by other energy, to become minerals. These minerals can become rocks. However, to get metallurgical value from that last material, it will need to be separated chemically, …
Companies, including SMEs, have a lot of data, structured in various ways. Behind these can hide crimes such as not using them to lower costs and/or increase turnover. The crime scene always happens from some database: spreadsheets that are often messy (Excel, Google), even though there was no fight, servers, CRM, i.e., where data is …
On the trail of data: how to be Sherlock to solve business mysteries with data analysis Read More »
Here you will find various cases, with a roughly increasing degree of awareness, showing the symptoms of those who need a statistical model as a diagnosis and, in some cases, also as a therapy. Extract important information through statistics, using data from our CRM (a kind of database for potential clients, customers, but not only, …
In the article where I talk about the duration of firms and the possible causes that shorten it, I did not mention one that is unsuspectedly close to the firm, which therefore does not have external causes, such as a change in the market (demand). This is a cause that law firms are more familiar …
Between labor costs, tax wedge and standardized labor costs for productivity, Italy’s SMEs are really not doing well, especially the last one. And if it’s true in the private sector, let alone in public administration…Automation makes it possible to increase competitive advantage, value added per employee and even their job satisfaction, possibly by fostering growth …
