In this article you will understand the importance of exploratory statistics. In Formula One they do tests, before the race. The drivers study the track: how to enter the curves, they identify possible pitfalls, difficulties, etc. When a location is thought to host oil, the site is explored using geophysical and nongeophysical techniques, and then …
Exploratory statistics: from familiar coast to new lands Read More »
In one article you understood why it all starts with data and you need to preserve it with the appropriate IT solution. In the videos I showed how to create free databases, with increasing difficulty. These services are potentially useless if the provider hosting your company’s (or organization’s) Web site also allows you to host …
How to create a database if you already have a company website Read More »
In various contents I talk about CRM (customer relationship management) as a database for potential customers and clients, even if the name doesn’t make it clear. Because in fact it also has other functions that go well beyond data storage and therefore goes well beyond statistics understood as a discipline of data collection. MySQL server …
First of all, here by data we mean processed data, possibly twice, so knowledge. Beware: without this clarification we risk making decisions on raw or not refined enough data (descriptive statistics). What differentiates relying on data versus being informed by data? The decision-making weight of processed data. Using a metaphor, in the former case the …
Data driven companies or data informed companies? Read More »
Part of the clients I had, had employees or managers, on the corporate team, who already knew how to use Excel or Google spreadsheets, even with intermediate skills. They understood that a statistician would allow them to make a quantum leap. In general, having a specialized, or verticalized, person in a field gives benefits. The …
Why you need to hire a statistician, data scientist, as an employee Read More »
Part of us, but especially females, have had a diary. The most recurring theme has to do with joys and sorrows. I too had a series of diaries, where I also wrote down activities, such as workouts, readings, but also special events. When the latter accumulated, in some cases I switched to taking them to …
When we talk about large companies, so not SMEs, we often associate them with the term empires. However, on empires we have many more physical bits, archaeological findings, that allow us to know more about their longevity. Whereas for companies we mostly have these data from the 20th century onward. And unfortunately, only the larger …
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 »
