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How are the estimates in the Bayes statistics calculated?

09/13/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In Bayesian statistics, estimates are calculated using Bayes' theorem and the concept of conditional probability. Bayes' theorem states that the probability of event A given that event B has occurred divided by the probability of event B given that event A has occurred and the probability of event A divided by the probability of event B.

In Bayesian statistics, estimates are made based on existing information and prior knowledge about the parameter being estimated. The estimation process consists of the following steps:

Determining a priori distribution: Before starting the data analysis, a priori distribution is determined for the parameter to be estimated. The priori distribution expresses the initial knowledge or uncertainty about the parameter before looking at the data.

Collection of data: Data is collected to enable estimation of the parameter. The data can come from experiments, surveys or other observations.

Prior distribution update: Combining the prior distribution with the observed data calculates the posterior distribution. The posterior distribution gives the updated probability distribution of the parameter considering the observed data.

Calculation of the estimate: The estimate of the parameter is derived from the a posteriori distribution. This can be done by various methods, such as choosing the maximum a posteriori (MAP estimation) or calculating the expected value of the a posteriori distribution.

Evaluation of the estimate: The quality of the estimate can be evaluated using various criteria, such as the mean square deviation or the confidence interval.

The Bayesian estimation approach allows existing knowledge to be combined with observed data to improve estimates. By accounting for priori knowledge, Bayesian statistics can be particularly beneficial when data is limited or when estimating rare events.

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Distribute press releases & news up-to-date, effectively and with high reach

09/13/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In today's digital era, the effective dissemination of press releases and breaking news is critical to achieving the desired reach and attention. Companies, organisations and individuals are looking for innovative ways to get their messages out to a wide audience. Below, you will learn how to distribute press releases and news with high reach.

The importance of press releases and news distribution

Press releases are a valuable tool to share relevant information about companies, products, events or developments. They make it possible to attract the attention of the media, potential customers and stakeholders. However, even the best press releases only reach their full potential if they are disseminated effectively.

Key strategies for the dissemination of press releases and news

Use online press portals: There are numerous online press portals where you can publish your press releases. These platforms often have a wide readership and are an easy way to get your news out.

Social media: The power of social media should not be underestimated. Share your press releases on platforms such as Twitter, Facebook, LinkedIn and Instagram to get your message out to a global audience.

Share your press releases on platforms such as Twitter, Facebook, LinkedIn and Instagram to get your message out to a global audience.

In today's digital era, the effective dissemination of press releases and breaking news is critical to achieving the desired reach and attention. Companies, organisations and individuals are looking for innovative ways to get their messages out to a wide audience. Below, you will learn how to distribute press releases and news with high reach.

The importance of press releases and news distribution

Press releases are a valuable tool to share relevant information about companies, products, events or developments. They make it possible to attract the attention of the media, potential customers and stakeholders. However, even the best press releases only reach their full potential if they are disseminated effectively.

Key strategies for the dissemination of press releases and news

Use online press portals: There are numerous online press portals where you can publish your press releases. These platforms often have a wide readership and are an easy way to get your news out.

Social media: The power of social media should not be underestimated. Share your press releases on platforms such as Twitter, Facebook, LinkedIn and Instagram to get your message out to a global audience.

Share your press releases on platforms such as Twitter, Facebook, LinkedIn and Instagram to get your message out to a global audience.

Use email distribution lists: Create a list of contacts, including journalists, bloggers and stakeholders, and send them your press releases directly. Make sure your emails are concise, informative and engaging.

Search Engine Optimisation (SEO): Use relevant keywords and phrases in your press releases to ensure they are highly visible in search results. This increases the likelihood that your news will be found by prospects.

Include multimedia: Add images, videos or infographics to your press releases to increase interest. Multimedia content is shared more often and gets more attention.

Services for maximum reach

There are also services and platforms that specialise in press release distribution. These companies can distribute your news to a wide range of media, news agencies and online platforms to maximise the reach of your press releases. They often offer customised packages that take into account your goals and budget.

The importance of timing and timeliness

In addition to choosing the right distribution channels, it is crucial to carefully plan the timing of your press releases. Up-to-date news often has a higher news value and is more likely to be picked up. Make sure your releases are published on time to stay relevant.

Conclusion

Disseminating press releases and breaking news with high reach requires a strategic approach and the use of multiple channels. In today's digital world, there are many ways to get your messages out to a wide audience. By using the strategies and services mentioned above and always keeping an eye on timeliness, you can ensure that your news gets the maximum attention.

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Effective press & media relations - from hidden champion to well-known brand

09/12/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The path to greater visibility and recognition

Effective press and media relations is an important investment for any company to make its brand known and increase customer recognition. But how do you go from being a "hidden champion" to a well-known brand?

The first step is to develop a clear and appealing corporate brand. A strong brand will enable you to stand out from competitors. This includes defining a memorable brand, developing a brand image, brand strategy and brand identity.

After your company has established a strong brand, it's time to begin press and media relations. It's important to define a clear goal, such as more brand awareness, more customers or more sales. To achieve this goal, you need to have a good understanding of who your target audience is and how best to address them.

Good press and media relations requires an effective communications plan that will help you access known channels. This includes issuing press releases, attending events and trade shows, reaching out to journalists and bloggers, setting up a social media account, and participating in industry forums and webinars.

To achieve the greatest possible success, you should also invest in search engine optimization (SEO). This will help you appear on the front pages of search engines when your target audience searches for your business.

Finally, you should also consider your approach to negative reviews. It is important to respond to negative comments in order to maintain a positive image of your business.

By following the above steps, you can transform your company from a "hidden champion" to a well-known brand and increase your customers' recognition.

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Why programmers earn less and less, not more

09/12/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In past decades, the IT sector was considered one of the most promising and lucrative industries. But in recent years, a worrying trend has emerged: Programmers are no longer earning as well as they once did; in fact, their salaries seem to be stagnating or even declining. There are several factors contributing to this trend, and in this article we will highlight some of the main causes.

Saturation of the labor market:

The demand for programmers has been growing exponentially in recent years, leading to a real saturation of the job market. Companies have realized that software development is a critical component of almost every industry, and as a result have increasingly built their own internal IT teams. At the same time, there are more people choosing careers in programming today, leading to an oversupply of skilled professionals and thus putting downward pressure on salaries.

Global competition and outsourcing:

In today's interconnected world, companies no longer rely on a local workforce. They can outsource tasks and projects to external developers and foreign companies, where labor costs are often much lower. This increases competition for projects, which in turn puts pressure on programmer salaries.

Automation and Artificial Intelligence:

The rapid development of automation technologies and artificial intelligence makes it possible to automate certain tasks in software development. This means that fewer human workers are needed to achieve the same results, which reduces the demand for programmers and thus affects salaries.

Shift to part-time and freelance jobs:

More and more programmers are opting for part-time or freelance jobs to gain more flexibility and work-life balance. As a result, they may not be able to achieve the same level of income as they would in a full-time job.

Change in corporate culture:

Corporate culture has changed, and many companies are now focusing more on a start-up mentality and flat hierarchies. This is often accompanied by lower salary structures, especially at younger, up-and-coming companies.

New technologies and frameworks:

Programming languages, technologies and frameworks are evolving at breakneck speed. This requires programmers to continually update their skills and face new challenges. It can be difficult to keep up with this pace, potentially negatively impacting salary negotiations.

In summary, the reasons for the apparent decline in programmers' salaries are complex. Saturation of the labor market, global competition, automation, a shift to part-time and freelance work, changes in corporate culture, and constant change in the technology industry all play a crucial role.

However, it is important to emphasize that the IT industry is still a major industry that offers excellent career opportunities. Programmers can continue to earn well if they focus on specialized niches, continuously expand their skills and adapt to the challenges of the job market. Hopefully, the salary situation will improve again in the future and the appreciation for the work of programmers will be adequately rewarded.

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Where can I get a press card in Switzerland?

09/12/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In Switzerland, journalists can usually obtain a press card from a variety of sources. Here are some of the main sources where you can apply for a press card:

Swiss Federation of Journalists (SJV): The Swiss Federation of Journalists is one of the main places for journalists to apply for a press card in Switzerland. As a rule, you must be a member of the SJV to use this service. The SJV offers members assistance with the application process and issues the press card.

Your employer or media organization: If you work for an established media organization in Switzerland, you can also contact your employer directly, as many media organizations handle the issuance of press cards for their employees.

Swiss Press Council: The Swiss Press Council is an independent self-regulatory organization for the press in Switzerland. They advocate for journalistic ethics and standards and issue a press card for members.

Association of Foreign Correspondents in Switzerland (ACOS): The ACOS is an association of foreign correspondents and journalists in Switzerland. It offers assistance in applying for press cards for foreign media representatives.

The exact requirements and conditions for issuing a press card can vary from organization to organization. In most cases, you must be able to prove that you are a journalist, for example by providing samples of your work or other documents. Membership in a journalist association such as the SJV can make the process easier, as these organizations often provide the necessary proof and support. It is advisable to contact the respective body to which you wish to apply for the press card directly for detailed information and instructions on how to apply.

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