In #datascience, you must understand context. There are times at work where looking at the data alone didn't help me from solving the problem.
It doesn't matter if your domain is in marketing, healthcare, product, etc... You need to understand the context first before diving into the data. Without background information about how the data was generated, it becomes really difficult to make accurate assumptions on what your data will show.
Taking the time to understand the context will not only benefit you in your analysis, but you may even help your colleagues tackle the problem better.
When you are informed about the data and problem, you increase your value because now you're in a position to communicate and identify other potential problems.
So do this: On your next project, take the time to not just do EDA, but also document your understanding of the context behind the data.
This good practice will definitely help you in your career and is a valuable skill you can bring to any team. Context first, data second.
In #datascience, you must understand context. There are times at work where looking at the data alone didn't help me from solving the problem.
It doesn't matter if your domain is in marketing, healthcare, product, etc... You need to understand the context first before diving into the data. Without background information about how the data was generated, it becomes really difficult to make accurate assumptions on what your data will show.
Taking the time to understand the context will not only benefit you in your analysis, but you may even help your colleagues tackle the problem better.
When you are informed about the data and problem, you increase your value because now you're in a position to communicate and identify other potential problems.
So do this: On your next project, take the time to not just do EDA, but also document your understanding of the context behind the data.
This good practice will definitely help you in your career and is a valuable skill you can bring to any team. Context first, data second.
The messaging service and social-media platform owes creditors roughly $700 million by the end of April, according to people briefed on the company’s plans and loan documents viewed by The Wall Street Journal. At the same time, Telegram Group Inc. must cover rising equipment and bandwidth expenses because of its rapid growth, despite going years without attempting to generate revenue.
Should You Buy Bitcoin?
In general, many financial experts support their clients’ desire to buy cryptocurrency, but they don’t recommend it unless clients express interest. “The biggest concern for us is if someone wants to invest in crypto and the investment they choose doesn’t do well, and then all of a sudden they can’t send their kids to college,” says Ian Harvey, a certified financial planner (CFP) in New York City. “Then it wasn’t worth the risk.” The speculative nature of cryptocurrency leads some planners to recommend it for clients’ “side” investments. “Some call it a Vegas account,” says Scott Hammel, a CFP in Dallas. “Let’s keep this away from our real long-term perspective, make sure it doesn’t become too large a portion of your portfolio.” In a very real sense, Bitcoin is like a single stock, and advisors wouldn’t recommend putting a sizable part of your portfolio into any one company. At most, planners suggest putting no more than 1% to 10% into Bitcoin if you’re passionate about it. “If it was one stock, you would never allocate any significant portion of your portfolio to it,” Hammel says.
