The Decision Maker S Handbook To Data Science

Data science is expanding across industries at a rapid pace, and the companies first to adopt best practices will gain a significant advantage. To reap the benefits, decision makers need to have a confident understanding of data science and its application in their organization. It is easy for novices to the subject to feel paralyzed by intimidating buzzwords, but what many don't realize is that data science is in fact quite multidisciplinary-useful in the hands of business analysts, communications strategists, designers, and more. With the second edition of The Decision Maker's Handbook to Data Science, you will learn how to think like a veteran data scientist and approach solutions to business problems in an entirely new way. Author Stylianos Kampakis provides you with the expertise and tools required to develop a solid data strategy that is continuously effective. Ethics and legal issues surrounding data collection and algorithmic bias are some common pitfalls that Kampakis helps you avoid, while guiding you on the path to build a thriving data science culture at your organization. This updated and revised second edition, includes plenty of case studies, tools for project assessment, and expanded content for hiring and managing data scientists Data science is a language that everyone at a modern company should understand across departments. Friction in communication arises most often when management does not connect with what a data scientist is doing or how impactful data collection and storage can be for their organization. The Decision Maker's Handbook to Data Science bridges this gap and readies you for both the present and future of your workplace in this engaging, comprehensive guide.

Data science is expanding across industries at a rapid pace, and the companies first to adopt best practices will gain a significant advantage. To reap the benefits, decision makers need to have a confident understanding of data science and its application in their organization. This third edition delves into the latest advancements in AI, particularly focusing on large language models (LLMs), with clear distinctions made between AI and traditional data science, including AI's ability to emulate human decision-making. Author Stylianos Kampakis introduces you to the critical aspect of ethics in AI, an area of growing importance and scrutiny. The narrative examines the ethical considerations intrinsic to the development and deployment of AI technologies, including bias, fairness, transparency, and accountability. You’ll be provided with the expertise and tools required to develop a solid data strategy that is continuously effective. Ethics and legal issues surrounding data collection and algorithmic bias are some common pitfalls that Kampakis helps you avoid, while guiding you on the path to build a thriving data science culture at your organization. This updated edition also includes plenty of case studies, tools for project assessment, and expanded content for hiring and managing data scientists. Data science is a language that everyone at a modern company should understand across departments. Friction in communication arises most often when management does not connect with what a data scientist is doing or how impactful data collection and storage can be for their organization. The Decision Maker’s Handbook to Data Science bridges this gap and readies you for both the present and future of your workplace in this engaging, comprehensive guide. What You Will Learn Integrate AI with other innovative technologies Explore anticipated ethical, regulatory, and technical landscapes that will shape the future of AI and data science Discover how to hire and manage data scientists Build the right environment in order to make your organization data-driven Who This Book Is For Startup founders, product managers, higher level managers, and any other non-technical decision makers who are thinking to implement data science in their organization and hire data scientists. A secondary audience includes people looking for a soft introduction into the subject of data science.

Data science is expanding across industries at a rapid pace, and the companies first to adopt best practices will gain a significant advantage. To reap the benefits, decision makers need to have a confident understanding of data science and its application in their organization. It is easy for novices to the subject to feel paralyzed by intimidating buzzwords, but what many don’t realize is that data science is in fact quite multidisciplinary—useful in the hands of business analysts, communications strategists, designers, and more. With the second edition of The Decision Maker’s Handbook to Data Science, you will learn how to think like a veteran data scientist and approach solutions to business problems in an entirely new way. Author Stylianos Kampakis provides you with the expertise and tools required to develop a solid data strategy that is continuously effective. Ethics and legal issues surrounding data collection and algorithmic bias are some common pitfalls that Kampakis helps you avoid, while guiding you on the path to build a thriving data science culture at your organization. This updated and revised second edition, includes plenty of case studies, tools for project assessment, and expanded content for hiring and managing data scientists Data science is a language that everyone at a modern company should understand across departments. Friction in communication arises most often when management does not connect with what a data scientist is doing or how impactful data collection and storage can be for their organization. The Decision Maker’s Handbook to Data Science bridges this gap and readies you for both the present and future of your workplace in this engaging, comprehensive guide. What You Will Learn Understand how data science can be used within your business. Recognize the differences between AI, machine learning, and statistics.Become skilled at thinking like a data scientist, without being one.Discover how to hire and manage data scientists.Comprehend how to build the right environment in order to make your organization data-driven. Who This Book Is For Startup founders, product managers, higher level managers, and any other non-technical decision makers who are thinking to implement data science in their organization and hire data scientists. A secondary audience includes people looking for a soft introduction into the subject of data science.

Learn how to embed data science, Big Data and AI in your organization's decision-making process and make your organization more data-driven, profitable, and intelligent in 10 steps. Book description This book covers every aspect of the implementation of data science, from the algorithms that make your decisions more refined, effective and faster to the people, skills, culture, and mindset required to make it happen. How do you set the right KPIs and targets? How are the best data-driven organizations structured? Why do you need a data warehouse or data lake? How do you manage a data science project? This book tackles every question relevant to implementing data science. Many organizations start by collecting data without a goal, but that data science approach is doomed to fail. This book takes you through the process of implementing data science from the ground floor all the way to the top. It all starts with the question: what do we want to achieve? It covers all the subsequent steps on a macro and micro level, from the process of registering data, to processing it, to the organization's response. All the relevant data science techniques and technologies are discussed, from algorithms and AI to the right management strategies. Based on many practical case studies and best practices, this book reveals what works and what doesn't. Benefit from the author's many years of experience in making organizations more intelligent and data-driven as a consultant and an educator. What you will learn - The most important benefits of data science. - The essential aspects of decision making and the role of data science. - How to determine the right KPIs and use them to manage effectively. - How to turn data into knowledge and information. - How to make your organization more agile. - The many types of algorithms that can be used to make more effective decisions on every level. - How to manage data science projects - who and what do you need to effectively implement data science? - How to design a data science roadmap. - And much, much more. Who is this book for This book is for every manager or professional, and all those who want to learn how to embed the effective use of data science in every facet of the organization. This comprehensive management handbook is a must-read for (business) consultants, business managers, Chief Data Officers (CDOs), CIOs, and other executives, project managers, Data Science consultants, Data Scientists, AI consultants, (business) controllers, quality managers, and BI consultants.

Decision intelligence (DI) has been widely named as a top technology trend for several years, and Gartner reports that more than a third of large organizations are adopting it. Some even say that DI is the next step in the evolution of AI. Many software vendors offer DI solutions today, as they help organizations implement their evidence-based or data-driven decision strategies. But until now, there has been little practical guidance for organizations to formalize decision making and integrate their decisions with data. With this book, authors L. Y. Pratt and N. E. Malcolm fill this gap. They present a step-by-step method for integrating technology into decisions that bridge from actions to desired outcomes, with a focus on systems that act in an advisory, human-in-the-loop capacity to decision makers. This handbook addresses three widespread data-driven decision-making problems: How can decision makers use data and technology to ensure desired outcomes? How can technology teams communicate effectively with decision makers to maximize the return on their data and technology investments? How can organizational decision makers assess and improve their decisions over time?

This open access book covers the use of data science, including advanced machine learning, big data analytics, Semantic Web technologies, natural language processing, social media analysis, time series analysis, among others, for applications in economics and finance. In addition, it shows some successful applications of advanced data science solutions used to extract new knowledge from data in order to improve economic forecasting models. The book starts with an introduction on the use of data science technologies in economics and finance and is followed by thirteen chapters showing success stories of the application of specific data science methodologies, touching on particular topics related to novel big data sources and technologies for economic analysis (e.g. social media and news); big data models leveraging on supervised/unsupervised (deep) machine learning; natural language processing to build economic and financial indicators; and forecasting and nowcasting of economic variables through time series analysis. This book is relevant to all stakeholders involved in digital and data-intensive research in economics and finance, helping them to understand the main opportunities and challenges, become familiar with the latest methodological findings, and learn how to use and evaluate the performances of novel tools and frameworks. It primarily targets data scientists and business analysts exploiting data science technologies, and it will also be a useful resource to research students in disciplines and courses related to these topics. Overall, readers will learn modern and effective data science solutions to create tangible innovations for economic and financial applications.

Decision intelligence is one of the top strategic technology trends for 2022. According to Gartner, more than a third of today's large organizations are expected to be practicing the discipline by 2023. But despite the growing consensus that decision intelligence offers great value to decision-makers, there's been little practical hands-on guidance on how to implement it. With this book, Lorien Pratt and Nadine Malcolm from Quantellia offer a practical methodology for understanding an action-to-outcome decision. The methodology includes a set of business processes for finding data that drives the decision, presenting data in a way that's useful for decision-makers, and showing decision-makers how to monitor and tailor the decision over time. This handbook addresses three problems that are ubiquitous in data-driven decision-making: How can decision-makers identify the data they need to support their decisions? How can you use data assets available to support a decision to show how a decision's outcomes depend on the actions taken by the decision-maker? How can decision-makers assess their decisions and improve organizational decision-making over time?

- The book shows you what 'data science' actually is and focuses uniquely on how to minimize the negatives of (bad) data science - It discusses the actual place of data science in a variety of companies, and what that means for the process of data science - It provides ‘how to’ advice to both individuals and managers - It takes a critical approach to data science and provides widely-relatable examples