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The Seventh Annual Tom Tom Founders Festival is a week-long celebration of innovators, visionaries, and artists who are shaping small cities. The Festival occurs at dozens of venues throughout downtown Charlottesville. 

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Thursday, April 12 • 1:05pm - 1:35pm
Two Years of Bayesian Bandits for E-Commerce Almost Full

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At Monetate, we’ve deployed Bayesian bandits (both noncontextual and contextual) to help our clients optimize their e-commerce sites since early 2016. This talk is an overview of the lessons we’ve learned from both the processes of deploying real-time Bayesian machine learning systems at scale and building a data product on top of these systems that is accessible to non-technical users (marketers). This talk will cover:
  • The place of multi-armed bandits in the A/B testing industry,
  • Thompson sampling and the basic theory of Bayesian bandits,
  • Bayesian approaches for accommodating nonstationarity in bandit feedback,
  • User experience challenges in driving adoption of these technologies by nontechnical marketers.
We will focus primarily on noncontextual bandits and give a brief overview of these problems in the contextual setting as time permits.

Speakers
avatar for Austin Rochford

Austin Rochford

Principal Data Scientist and Director, Monetate Labs
Austin Rochford is Principal Data Scientist and Director of Monetate Labs. He is a founding member of Monetate Labs, where he does research and development for machine learning-driven marketing products. He is a recovering mathematician, a passionate Bayesian, and a PyMC3 develop... Read More →

Sponsors
avatar for Capital One

Capital One

Capital One is a diversified bank that offers a broad array of financial products and service to consumers, small businesses and commercial clients. 
avatar for S&P Global

S&P Global

S&P Global Inc. (prior to April 2016 McGraw Hill Financial, Inc., and prior to 2013 McGraw Hill Companies) is an American publicly traded corporation headquartered in New York City. Its primary areas of business are financial information and analytics. It is the parent company of S&P Global Ratings, S&P Global Market Intelligence, and... Read More →


Thursday April 12, 2018 1:05pm - 1:35pm
Violet Crown - Theater 3 200 W Main St, Charlottesville, VA 22902


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