Digital Transformation
The integration of digital technology into all areas of a business, fundamentally changing how it operates and delivers value to customers.
33 topics found for
“computational analytics”
Confidence Interval
A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter.
Actor-Observer Bias
A cognitive bias that causes people to attribute their own actions to situational factors while attributing others' actions to their character.
5 Whys
A problem-solving method that involves asking "why" five times to identify the root cause of a problem.
UCD
User-Centered Design (UCD) is an iterative design approach that focuses on understanding users' needs, preferences, and limitations throughout the design process.
Three-Sigma Rule
A statistical rule stating that nearly all values in a normal distribution (99.7%) lie within three standard deviations (sigma) of the mean.
Outliers
Data points that differ significantly from other observations and may indicate variability in a measurement, experimental errors, or novelty.
Matched Pairs Design
An experimental design where subjects are paired based on certain characteristics, and then one is assigned to the treatment and the other to the control group.
Ingroup Bias
A cognitive bias where people favor members of their own group over those in other groups.