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The Economics of Data, Analytics, and Digital Transformation

You're reading from   The Economics of Data, Analytics, and Digital Transformation The theorems, laws, and empowerments to guide your organization's digital transformation

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Product type Paperback
Published in Nov 2020
Publisher Packt
ISBN-13 9781800561410
Length 260 pages
Edition 1st Edition
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Author (1):
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Bill Schmarzo Bill Schmarzo
Author Profile Icon Bill Schmarzo
Bill Schmarzo
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Table of Contents (14) Chapters Close

Preface 1. The CEO Mandate: Become Value‑driven, Not Data-driven 2. Value Engineering: The Secret Sauce for Data Science Success FREE CHAPTER 3. A Review of Basic Economic Concepts 4. University of San Francisco Economic Value of Data Research Paper 5. The Economic Value of Data Theorems 6. The Economics of Artificial Intelligence 7. The Schmarzo Economic Digital Asset Valuation Theorem 8. The 8 Laws of Digital Transformation 9. Creating a Culture of Innovation Through Empowerment 10. Other Books You May Enjoy
11. Index
Appendix A: My Most Popular Economics of Data, Analytics, and Digital Transformation Infographics
1. Appendix B: The Economics of Data, Analytics, and Digital Transformation Cheat Sheet

A Quick Primer on Deep Learning, Reinforcement Learning, and Artificial Intelligence

DEAN OF BIG DATA TIP:

While it is unlikely that you will ever be asked to build your own neural network or RL algorithm, it is important to understand how these advanced analytics work (at a high level) and what can be done with them from a value creation perspective. These are the tools of a modern-day value creation alchemist.

DL is a set of algorithms that analyze massive datasets using a multi-layered neural network structure, where each layer is comprised of numerous nodes, to train and learn to recognize and codify patterns, trends, and relationships buried in the data… without human intervention. Common applications of DL include image recognition, natural language processing, disease detection, and facial recognition (see Figure 6.4).

Figure 6.4: How Deep Learning Works

There are two key capabilities that underpin the continuous learning nature of...

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