India's largest platform and marketplace for GCCs & AI

Sign in

India's largest platform and marketplace for GCCs & AI

3AI Digital Library

AI & Adaptive Experimental Designs

3AI August 21, 2022


Indrani Goswami
Associate Director – Analytics,
Razorpay

The main theme of this session was: Why Design of Experiments (DoE) should be in every Data Scientist’s toolbox. Indrani started the session by introducing DoE and why it is needed by using an example of functional teams taking the challenge to increase activation rate…and explained the scenarios when the experiments are not set-up and when experiments are un-coordinated. Indrani continued the session by discussing the significance of Hypothesis Testing, P-value, Level of significance, Statistical Power, Sample size and Effect size. She further detailed the interpretation of results and the need for an A/B/n framework for DoE. Indrani concluded the session after discussing the Advanced concepts of DoE, especially on Adaptive DoE which helps consume the learnings from the previous set of experiments and design more focused, intelligent and efficient experiments the next time.

Thank you, Indrani for this insightful session.

    3AI Trending Articles

  • ChatGPT and Large Language Models: A prioritization Framework for Leaders

    Featured Article: Author: Robin John, Artificial Intelligence Strategist, APAC, Kimberly-Clark Ever since ChatGPT was released last year, a flurry of LLM(Large Language Model) – related product announcements from tech giants have taken the world by storm. The key driving factor behind the success of ChatGPT is its human-like interface into AI. A technique called Reinforcement […]

  • Practical insights and best practices for Fine Tuned LLM based use cases for Governed Enterprises

    Featured Article: Author: Aditya Khandekar, President, Corridor Platforms India Objective There has been a lot of hype around Large Language Models (LLM) and their potential, but harnessing them to build real-world enterprise grade use cases is hard. This blog highlights key best practices and insights for building LLM powered use cases with a working example. […]

  • Transforming Healthcare with Natural Language Processing (NLP)

    Featured Article Author: Saurav Kumar, UnitedHealth Group Introduction Natural Language Processing (NLP) is a branch of artificial intelligence that focuses on the interaction between computers and humans through natural language. By enabling machines to understand, interpret, and respond to human language, NLP is revolutionizing various industries, including healthcare. In this blog, we will explore how […]

  • Fintech startup Volopay raises $2.1M in seed round

    Singapore-based fintech startup Volopay has raised $2.1 million in seed funding to provide businesses and startups in the Asia Pacific region a powerful control center for all their financial needs. Singapore-based fintech startup Volopay has raised $2.1 million in seed funding. The company said it wants to use the funding to provide businesses and startups […]