Insights Unlocked
Insights Unlocked
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In the realm of data analysis, it’s crucial to dissect numbers and look beyond them to reveal deeper truths. This article delves into the death rates between horses and cows (77 deaths) and crocodiles (17 deaths) in Australia from 2008 to 2017. Surprisingly, the death rate for humans from cow and horse attacks is 4.5 […]
Data Crunch: Are Cows More Aggressive Than Crocs? Read More »
In the dark days of World War II, amidst the relentless struggle for superiority in the skies, a quiet yet groundbreaking revelation unfolded away from the battlefield. It was in the hushed corridors of academia where Abraham Wald, a mathematician with a keen eye for the unseen, embarked on a mission that would not only
Beyond the Obvious: Abraham Wald’s Legacy and Its Echo in Today’s Data-Driven Decisions Read More »
In the murky waters of the Caribbean during the height of the Cuban Missile Crisis on 27 October 1962, a single decision held the power to alter the course of history. Aboard the Soviet submarine B-59, cut off from communication with the outside world and under the threat of American depth charges, the atmosphere was
Decisions Are Best When Blended: A Tale of Courage and Wisdom Read More »
Generative AI is redefining what machines can do, from composing music to drafting legal documents. At its core, generative AI refers to algorithms that can learn from data and then generate original, creative content. A testament to its capabilities came when ChatGPT, a leading figure in this arena, showcased a verbal IQ of 155 in
The Unexpected Wisdom of a Game Show At first glance, the Monty Hall Paradox appears to be a quirky puzzle from a game show—far removed from the serious business of data analytics. Yet, this seemingly simple problem encapsulates a profound lesson that resonates deeply with the world of predictive analytics. Named after the host of
Monty Hall Paradox: Mastering Predictions as New Insights Unfolds Read More »
Imagine stepping into the foggy streets of London in the 1850s, where a mysterious and deadly force, known as cholera, lurked in the shadows. This is where our story begins, with a man named John Snow – not the “Game of Thrones” character, but a real-life hero in the realm of public health. Snow was
Data Visualisation Saves Lives: A Real Life Story Read More »
Netflix’s meteoric rise to a US$250+ billion valuation in February 2024 is not just a story of entertainment dominance but a masterclass in the strategic use of big data and advanced analytics. Netflix consistently has a churn rate of about 2%. That’s significantly below all of its competitors, who at the moment have a weighted
Data-Driven Wealth: How Netflix Turned Big Data into Billions Read More »
Reflecting on LVMH‘s remarkable journey to a market capitalization exceeding US$500 billion, it’s clear that the conglomerate’s success is not solely attributed to the allure of luxury but also to the strategic deployment of storytelling. This narrative prowess, deeply interwoven with data and analytics, has not only captivated consumers but also significantly boosted its market