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Optimizing the Big Data Problem Statement : Balancing the Cost of Understanding Against the Cost of Future Mistakes
In today's tech world, Big Data is the name of the game and a unique and powerful opportunity that can unlock a lot of potential. However, before you can start using big data, you need to have a clear understanding of the problem you are trying to solve. This is where problem statement optimization comes in.
Problem statement optimization is the process of finding the right balance between the cost of understanding the problem and the cost of making future mistakes. The cost of understanding the big data problem includes the time and resources it takes to understand how exactly the size of the data is challenging you, and that empowers you to be able to find the right solution for your big data problem. The cost of making future mistakes includes the cost of fixing mistakes in the model, the cost of lost opportunities, and the cost of damage to your reputation.
The book comprises five chapters covering various aspects of Big Data preparation, including
Understanding Big Data ProblemsCross-Industry Standard Process for Data Mining (CRISP-DM)Data Solution Life Cycle (DSLC)Types of Data ManipulationsRecognizing the Right Data-Prep Problem.
This book is a valuable resource for anyone who wants to use big data to solve problems. Whether you are a data scientist, analyst, or business professional, this book will help you get the most out of big data.
Here are some additional benefits of reading this
You will learn how to use big data to solve real-world problems.You will develop the skills you need to be successful in the world of big data.You will gain a deeper understanding
If you are serious about using big data, then this book is a must-read.
Problem statement optimization is the process of finding the right balance between the cost of understanding the problem and the cost of making future mistakes. The cost of understanding the big data problem includes the time and resources it takes to understand how exactly the size of the data is challenging you, and that empowers you to be able to find the right solution for your big data problem. The cost of making future mistakes includes the cost of fixing mistakes in the model, the cost of lost opportunities, and the cost of damage to your reputation.
The book comprises five chapters covering various aspects of Big Data preparation, including
Understanding Big Data ProblemsCross-Industry Standard Process for Data Mining (CRISP-DM)Data Solution Life Cycle (DSLC)Types of Data ManipulationsRecognizing the Right Data-Prep Problem.
This book is a valuable resource for anyone who wants to use big data to solve problems. Whether you are a data scientist, analyst, or business professional, this book will help you get the most out of big data.
Here are some additional benefits of reading this
You will learn how to use big data to solve real-world problems.You will develop the skills you need to be successful in the world of big data.You will gain a deeper understanding
If you are serious about using big data, then this book is a must-read.
212 pages, Kindle Edition
Published May 1, 2023
1 person is currently reading
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Displaying 1 of 1 review
October 16, 2025
Breaks down concepts perfectly!
Read this for a Data Mining class and found the content very grasp-able and applicable to examples we were utilizing!
Read this for a Data Mining class and found the content very grasp-able and applicable to examples we were utilizing!
Displaying 1 of 1 review