Jan 28, 21: #AnalyticsClub #Newsletter (Events, Tips, News & more..)

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[ COVER OF THE WEEK ]

Complex data Source

[ TIPS & TRICKS OF THE WEEK]

Data Have Meaning
We live in a Big Data world in which everything is quantified. While the emphasis of Big Data has been focused on distinguishing the three characteristics of data (the infamous three Vs), we need to be cognizant of the fact that data have meaning. That is, the numbers in your data represent something of interest, an outcome that is important to your business. The meaning of those numbers is about the veracity of your data.

[ DATA SCIENCE Q&A]

Q:Define: quality assurance, six sigma?
A: Quality assurance:
– A way of preventing mistakes or defects in manufacturing products or when delivering services to customers
– In a machine learning context: anomaly detection

Six sigma:
– Set of techniques and tools for process improvement
– 99.99966% of products are defect-free products (3.4 per 1 million)
– 6 standard deviation from the process mean

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