Data Science or Data Hype?

In his blog post Big Data Or Big Hype? , Rick Ciesla is asking a question whether the “Big Data” phenomenon is “a real thing” or just a hype? I must admit that, until recently, I was sure that the term “Data Science” was a hype too — an overbroad term to describe various engineering and scientific activities. As time passes by, I become more and more confident that Data Science matures into a separate profession. I haven’t’ yet decided whether the word “science” is fully appropriate in this case is.

We have certainly heard a lot about Big Data in recent years, especially with regards to data science and machine learning. Just how large of a data set constitutes Big Data? What amount of data science and machine learning work involves truly stratospheric volumes of bits and bytes? There’s a survey for that, courtesy of […]

via Big Data Or Big Hype? — VenaData

Although it is easy to lie with statistics, it is easier to lie without

I really recommend reading this (longish) post by Tom Breur called “Data Dredging” (and following his blog. The post is dedicated to overfitting — the most scaring problem in machine learning. Overfitting is easy to do and is hard to avoid. It is a serious problem when working with “small data” but is also a problem in the big data era. Read “Data Dredging” for an overview of the problem and its possible cures.

Quoting Tom Breur:

Reality for many data scientist is that the data at hand, in particular some minority class you are predicting, are almost always in short supply. You would like to have more data, but they simply aren’t available. Still, there might be excellent business value in building the best possible model from these data, as long as you safeguard against overfitting. Happy dredging!

Happy dredging indeed.