Statistical inference is concerned primarily with understanding the quality of parameter estimates.
The sampling distribution represents the distribution of the point estimates based on samples of a fixed size from a certain population. It is useful to think of a particular point estimate as being drawn from such a distribution. Understanding the concept of a sampling distribution is central to understanding statistical inference.
A sample statistic is a point estimate for a population parameter, e.
With each of the big 3 Hadoop vendors - Cloudera, Hortonworks and MapR each providing their own Hadoop sandboxvirtual machines (VMs), trying out Hadoop today has become extremely easy. For a developer, it is extremely useful to download a get started with one of these VMs and try out Hadoop to practice data science right away.
However, with the core Apache Hadoop, these vendors package their own software into their distributions, mostly for the orchestration and management, which can be a pain due to the multiple scattered open-source projects within the Hadoop ecosystem.
How does the typical data science project life-cycle look like?
This post looks at practical aspects of implementing data science projects. It also assumes a certain level of maturity in big data (more on big data maturity models in the next post) and data science management within the organization. Therefore the life cycle presented here differs, sometimes significantly from purist definitions of ‘science’ which emphasize the hypothesis-testing approach. In practice, the typical data science project life-cycle resembles more of an engineering view imposed due to constraints of resources (budget, data and skills availability) and time-to-market considerations.
Sometime back I presented a webinar on BrightTalk. The slides for the talk have now been uploaded on Slideshare. The talk focused more on changes in digital technology disrupting businesses, the effect of Big Data, the FOMO (Fear of missing out) effect on big business - and what it meant for changes to the way we do business intelligence in the digital era.
Key themes:
Disruption in traditional IT with cloud computing Changing economics and changing business models Rise of Big Data Tech changes to manage Big Data - distributed computing Shift from “current-state” to “next-state” questions Introducing Data Science Challenges - regulatory, data privacy Dangers of data science - over-fitting, interpretation Managing big data projects Data Science MOOCs (massive open online courses), tools and resources
The outsourcing model which led to the “on-demand” “as a service” model, has taken off with increasing adoption of cloud-computing and mobility. What started out with the SaaS – software as a service model, has now diversified into several other services.
Indeed, cloud computing has come to rest on three of these as its core pillars:
SaaS: Software as a Service PaaS: Platform as a Service IaaS: Infrastructure as a Service Differentiating SaaS, PaaS and IaaS:
