Essentially, Monte Carlo simulations predict an outcome not from the actual values of input data (which aren’t known) but from the likely (aka “simulated”) values of that data (based on their probability distributions). These simulations can prove invaluable for assessing risks in many real-world
In this podcast recorded at WoW, IBM Data Science Evangelist James Kobielus interviewed two of those experts—Steve Ardire, AI software startup advisor, and Joe Caserta, Caserta Concepts—to gain their insights on trends facing data professionals.
Although spreadsheets offer a stable, attractive option when working with numbers, they can fall far short when they are applied to enterprise-scale statistical analytics. Weigh the limitations of spreadsheets against the benefits of a sophisticated, enterprise-grade statistical analysis tool for
Take a peek at the future of data science in this discussion with five thought leaders in the data analytics industry, the second installment of a two-part interview recorded at the IBM Insight at World of Watson 2016 conference.
Take a peek at the future of data science in this discussion with five thought leaders in the data analytics industry, the first installment of a two-part interview recorded at the IBM Insight at World of Watson 2016 conference.
Open source tools continue to foster non-stop innovation throughout the Insight Economy. So it’s no surprise that open-source languages—most notably, R--have moved to the center of enterprise statistical analytics and data management.
Do you find yourself increasingly having to make decisions amid uncertain conditions? The advanced capabilities offered by IBM SPSS Statistics aim to make Monte Carlo simulation a part of your risk analysis by bringing these two worlds together in a single software solution.
Discover some of the latest and greatest developments in the world of Apache Spark in this retrospective on Spark Summit Europe 2016. When you do, find out how modern developers are connecting their data sources to Spark in exciting ways, and learn how the cloud is providing access to Spark-powered
Spreadsheets are excellent tools as far as they go—but how far can they truly go? If you’re pushing your spreadsheet-based solutions beyond their viable limits, then they might be doing more harm than good. Discover what considerations you shouldn’t ignore when using spreadsheets for statistical
As we bid goodbye to IBM Insight at World of Watson 2016, we set our sights on exciting engagements taking shape to help make the world a better place that are expected to result from IBM partnerships with innovative organizations. Here’s a recap of the conference’s closing moments and
Many avenues can be explored at IBM Insight at World of Watson 2016. See what one observer came away with after attending several sessions devoted to the CDO and collaboration, tools and strategy within the CDO domain.