
Explore global challenges in providing clean drinking water and examine how a last mile water delivery company uses artificial intelligence to create business value and improve lives.
Analyze a water-container business using swot analysis to balance intrinsic strengths and weaknesses with extrinsic opportunities and threats, emphasizing data fidelity, logistics, and supply chain risks.
Leads with a SWOT-backed plan to apply AI to improve data quality and reduce expansion costs, using smart goals to specify measurable, time-bound actions.
Explore the BI analyst workflow and three major limitations: complexity of operations, reliance on descriptive statistics, and correlation cannot illuminate causation, with AI offering causal insights to improve metrics.
Explore how descriptive statistics limit manual influencer analysis and how AI can automatically identify and test drivers to causally affect business metrics and objectives.
Explore how a business intelligence analyst assesses whether minutes between consecutive deliveries or deliveries scheduled drive total barrels delivered per shift, using correlation to inform CFO decisions.
Explore identifying the leading influencer driving water barrel deliveries per route by transforming time series into shadow manifolds and applying the k-nearest neighbors approach to match states.
Explore how multiple time series form a state space and how Takens theorem enables extracting dynamics from lagged representations, using the shadow manifold and driving forces.
Compare shadow and lagged manifolds using k-nearest neighbors to identify the most influential time series driving a business dynamic system, via three-nearest-neighbor projections of state-space points and plane-based scoring.
Quantify attainability of smart goals by building an AI model to simulate a delivery process with fine-grained data, assessing feature attribution and thresholds to reduce shift duration.
Explore gradient boosted machines with Manhattan distance, fitting models that sum to predict shift durations, using medians of residuals. Learn early stopping on validation to prevent overfitting and improve generalization.
Explore gradient boosted machines and how successive trees learn the median of residuals to refine predictions, using non-linear splits to capture feature interactions and produce non-linear outputs.
Learn how Shapley values fairly allocate a model's prediction cost across features using marginals, means, and the Shap library to derive the optimal allocation.
Explore Friedman's H statistic to test interaction effects in AI models, using partial dependence functions and Shapley values to assess attainability and feature interactions.
Apply Lime to provide local, model-agnostic explanations by perturbing inputs, fitting a surrogate generalized linear model, and revealing how input factors influence a specific prediction.
Explore ai-driven models that replace manual sensitivity analysis by learning from historical data. Identify top actions that forecast a reduction in shift duration using GBM regression and Shapley values.
Train a GBM AI model to forecast average shift duration, use a waterfall chart and Shapley values to simulate top actions and reduce duration.
Explore traditional causation methods using Welch's t-test to compare pre- and post-action shift durations, testing attribution and null hypotheses while guarding against spurious correlations in a water delivery use case.
Explore advanced causal methods on time series to assess how average shift duration responds to truck maintenance issues and performance write ups per day using Shapley values and convergent cross-mapping.
Explore Takens' theorem and convergent cross mapping to infer causation from time series, using shadow manifolds and diffeomorphism to link shift duration, truck maintenance, and performance write ups.
Forecast business metrics with ai models and identify key drivers through interpretability. Infer causation from historical data without experiments and prepare for final statistically validated experiments like an a/b test.
Explore the hybrid experiment approach to detect interaction effects in mixed design studies, using t-tests and the central limit theorem to attribute changes in key business metrics.
Explore quantile difference tests to assess statistically significant interaction effects at the 25th percentile using the asymptotic distribution of sample quantiles and the t-test.
AI for Business – AI Applications for Business Success
AI isn’t just a fancy concept that powers self-driving vehicles, robots, and high-tech companies.
Most organizations – regardless of their size and industry – can benefit from the application of artificial intelligence.
Charts and dashboards are useful tools, but they often struggle to analyze big and complex datasets. This is precisely when AI outperforms the traditional Business Intelligence approach! Correlation doesn’t imply causation, and this is a significant limitation of BI.
Artificial Intelligence can help a company in a variety of ways – it can be employed to build customer retention models, increase gross revenue by optimizing your selling price, find a way to minimize costs and optimize business processes, and ultimately – to run an organization more effectively.
This is what AI for Business course aims to teach you.
Your instructor, Horia Margarit, has earned two Bachelor’s degrees in Cognitive and Computer Sciences at the University of California, Berkeley, and a Master's degree in Statistics from Stanford University. With over 10 years of professional experience in the San Francisco Bay Area, he has differentiated himself by applying highly novel methods and approaches to tackling complex business problems. As a result, his predictions for business applications of AI have been featured in both CIO Magazine and Forbes. Horia’s primary focus is on technical underpinnings that maximize actual business and customer value.
All this makes him uniquely qualified to teach this topic.
In the course, you’ll get an overview of business analytics and find out how to define SMART goals and conduct SWOT analysis. You’ll go through the challenges and opportunities of supply chain analytics to then determine the business problem we’ll tackle throughout the course.
Moreover, we will consider the key benefits and limitations of using business analytics approach to solving such problems.
Having laid the foundations, we’ll then dig deeper and focus on attainability. Even more so, you will discover how to leverage the power of AI in order to achieve the set business goals.
Here, you will be able to:
· Build an AI model from high fidelity data
· Extract actionable explanations
· Predict the outcome
· Evaluate the quality of the predictions
We won’t spend too much time obtaining the data and building the AI model. Instead, we will focus on evaluating the performance of those methods.
For that, you will go through key algorithms like Gradient Boosted Machines and Convergent Cross Mapping. Most of all, you will have the chance to examine in great detail novel approaches to understanding model performance such as LIME and SHAP values.
And that’s not all!
After we’ve learned how to obtain accurate predictions from our models, we’ll find out how we can show the significance of the obtained results. To do so, we’ll rely on parametric tests. More specifically, we will be working with the hybrid experiment and quantile difference tests.
Take your AI career to new heights!
This course is packed with valuable concepts and state-of-the-art techniques.
Enroll now and start your journey to AI for business today!