Business DS Archives - Fulcrum Analytics

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Revolutionizing AI: The Power of Large Language Models

Revolutionizing AI: The Power of Large Language Models Author: Konstantin Galperin Large Language Models (LLMs) have revolutionized the field of artificial intelligence (AI) by demonstrating remarkable capabilities in understanding and generating human language. These models, such as OpenAI’s GPT-4, are built upon deep learning techniques and vast amounts of training data, enabling them to perform …

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Incorporating Decision Science into Data Science

datascience, market-research

Author: Igor Pshenychny Machine Learning and mathematical rigor are tools at data scientists’ disposal. But we all know that having a better calculator won’t exactly result in better test scores, and having a more powerful computer won’t necessarily make you a better programmer. To develop a strategy that doesn’t underperform, a data scientist will need …

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What Companies look for when Hiring Data Scientists

datascience

Hiring in data science has become very competitive for both companies and professionals in recent years. Fueled by the Great Reshuffle, data science positions are in high demand which can greatly benefit new and seasoned data science professionals alike. But in order to get hired in such a competitive landscape, candidates need to be prepared …

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How to Overcome Data Science Staffing Challenges

datascience

The traditional data science team has undergone a period of drastic change in the past two years due to COVID-19 and the “Great Reshuffle” that has followed. This period has witnessed relocation of staff to remote locations, changing business models in response to the pandemic, and challenges in attracting and retaining talent. At a time …

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Where Does Your Company Stand Against The Competition? 7 Levels of Decision Making Reliability

datascience, impact

The goal of predictive analytics is to combine past and current data to obtain actionable insights. Data-driven decision making has been proven time and time again as the best way ahead for any business, regardless of the sector. We wanted to know how ready the nation’s largest Financial, Healthcare, and Retail organizations are for an …

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Most Industry-Leading Organizations Struggle with Deploying Their Data Science Capabilities

datascience, impact

During our recent industry survey of 50 of the nation’s best funded institutions, we discovered that even industry-leading organizations aren’t maximizing their data science capabilities when it comes to evaluating the impact of business decisions to the bottom line. Among top retail, banking, and healthcare organizations, we uncovered that: In addition to Fulcrum Analytics providing …

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Shocking Data Science Gaps in Industry-Leading Organizations

datascience, impact

In today’s business environment, companies are increasingly using advanced analytics to drive actions that are backed by data. The changes in outcomes attributable to such actions are measured to calculate ROI and guide subsequent decisions. As such, almost every data science team within large healthcare, retail, and financial service organizations provides its team with business …

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Assemble the System You Need for Cross-Team Automation, Model Selection, and Reporting Sophistication

datascience, impact

When it comes to evaluating the impact of business decisions to the bottom line, there are a few common steps every analysis requires: Often, this series of steps is easier said than done. Some organizations may be set up to get through one or more of these steps with ease but have challenges with other …

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How to Manage Your Team’s WFH Data Analysis Gap

datascience, impact

One thing we’ve all learned in the last year is how to work without our colleagues being steps away. When it comes to data analysis, and specifically to measuring the impact of changes to the business, the physical distance between staff requires granting more trust and latitude down the organization, but this also introduces risks. …

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How to Improve Repeatability and Consistency Among Business Intervention Analyses

datascience, impact

When the time comes to measure the impact of innovative business interventions, timely results are critical to ensure effective business decision making. Depending on whether there is a reusable process in place, this type of analysis can prove to be very customized, complex and time consuming. Fulcrum Analytics, trusted by leading financial services, retail, and healthcare companies …

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