Smart Data Collective

OCTOBER 13, 2021

AI technology moves innovation forward by boosting tinkering and experimentation, accelerating the innovation process. One of the biggest benefits of AI is that it has led to new breakthroughs in automation. Take advantage of data analytics. As technology improves, the need for businesses to compete increases.

Technology 121

Technology Cost-Benefit Experimentation Machine Learning 121

O'Reilly on Data

JULY 28, 2020

It’s often difficult for businesses without a mature data or machine learning practice to define and agree on metrics. Fair warning: if the business lacks metrics, it probably also lacks discipline about data infrastructure, collection, governance, and much more.) Agreeing on metrics. Don’t expect agreement to come simply.

Marketing 362

Marketing Experimentation Metrics Testing 362

Smart Data Collective

JULY 9, 2023

E-commerce businesses around the world are focusing more heavily on data analytics. There are many ways that data analytics can help e-commerce companies succeed. One benefit is that they can help with conversion rate optimization. One report found that global e-commerce brands spent over $16.7 billion on analytics last year.

Optimization 74

Optimization Data Analytics Analytics Data-driven 74

Cloudera

OCTOBER 18, 2023

And just as financial services experiences its cycles, this time of year I find myself returning to the topic of cost reduction. These cutting-edge technologies provide lower-cost alternatives for discovering efficiencies within financial operations, all while enhancing the quality of services offered.

Cost-Benefit 76

Cost-Benefit Testing Machine Learning Optimization 76

IBM Big Data Hub

DECEMBER 5, 2023

With the rise of highly personalized online shopping, direct-to-consumer models, and delivery services, generative AI can help retailers further unlock a host of benefits that can improve customer care, talent transformation and the performance of their applications. The impact of these investments will become evident in the coming years.

Unstructured Data 92

Unstructured Data Cost-Benefit Experimentation Machine Learning 92

CIO Business Intelligence

JUNE 28, 2023

These circumstances have induced uncertainty across our entire business value chain,” says Venkat Gopalan, chief digital, data and technology officer, Belcorp. “As The R&D laboratories produced large volumes of unstructured data, which were stored in various formats, making it difficult to access and trace.

Digital Transformation 99

Digital Transformation Cost-Benefit Informatics Data mining 99

Corinium

JUNE 6, 2019

Are you seeing currently any specific issues in the Insurance industry that should concern Chief Data & Analytics Officers? Lack of clear, unified, and scaled data engineering expertise to enable the power of AI at enterprise scale. The data will enable companies to provide more personalized services and product choices.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

Ontotext

NOVEMBER 2, 2023

Achieving this advantage is dependent on their ability to capture, connect, integrate, and convert data into insight for business decisions and processes. This is the goal of a “data-driven” organization. We call this the “ Bad Data Tax ”. This is partly because integrating and moving data is not the only problem.

IT 69

IT Cost-Benefit Data-driven Technology 69

Ontotext

JULY 6, 2023

In today’s fast changing environment, enterprises that have transitioned from being focused on applications to becoming data-driven gain a significant competitive edge. There are four groups of data that are naturally siloed: Structured data (e.g., Transaction and pricing data (e.g.,

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52

CIO Business Intelligence

DECEMBER 14, 2023

At yet when it is home to many of your company’s assets, as is the case for ConocoPhillips, sometimes the best IT strategy is to bring technologies closer to the edge. Such lead times call for a large physical inventory of replacement parts, which comes with warehousing costs and the ad valorem tax of storage.

Manufacturing 87

Manufacturing Digital Transformation Experimentation Cost-Benefit 87

Sisense

MARCH 26, 2021

Companies surveyed by Harvard Business Review Analytic Services (HBR) report that two of the most important strategic benefits of using data analytics are (1) identifying new revenue and business models and (2) becoming more innovative. 39% of companies want to identify new revenue and business opportunities with data analytics.

Analytics 98

Analytics Data-driven Dashboards Experimentation 98

CIO Business Intelligence

OCTOBER 1, 2022

The partners say they will create the future of digital manufacturing by leveraging the industrial internet of things (IIoT), digital twin , data, and AI to bring products to consumers faster and increase customer satisfaction, all while improving productivity and reducing costs. Data and AI as digital fundamentals.

Manufacturing 145

Manufacturing Digital Transformation IoT Internet of Things 145

Domino Data Lab

AUGUST 6, 2021

An enterprise starts by using a framework to formalize its processes and procedures, which gets increasingly difficult as data science programs grow. With a framework and Enterprise MLOps, organizations can manage data science at scale and realize the benefits of Model Risk Management that are received by a wide range of industry verticals.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

Cloudera

JANUARY 30, 2019

It’s official – Cloudera and Hortonworks have merged , and today I’m excited to announce the availability of Cloudera Data Science Workbench (CDSW) for Hortonworks Data Platform (HDP). Trusted by large data science teams across hundreds of enterprises —. Sound familiar? What is CDSW? Install any library or framework (e.g.

Data Science 71

Data Science Machine Learning Experimentation Cost-Benefit 71

Alation

SEPTEMBER 28, 2022

The term has been used a lot more of late, especially in the data analytics industry, as we’ve seen it expand over the past few years to keep pace with new regulations, like the GDPR and CCPA. In essence, DataOps is a practice that helps organizations manage and govern data more effectively. What exactly is DataOps ?

Cost-Benefit 52

Cost-Benefit Data Quality Manufacturing Testing 52

CIO Business Intelligence

APRIL 24, 2024

The first use of generative AI in companies tends to be for productivity improvements and cost cutting. But there are only so many costs that can be cut. CIOs are well positioned to cut costs since they’re usually well acquainted with a company’s digital processes, having helped set them up in the first place.

Sales 128

Sales Finance Experimentation Cost-Benefit 128

Occam's Razor

JULY 6, 2016

Analysts, honestly, make the world go round when it comes to any successful business – yes, data is that important. Today's post is an adjacent mistake: The cardinal sin of spending too much time with data and in reports! But, perhaps I'm at fault for creating the problem of you spending all your time with data.

Testing 86

Testing Marketing Experimentation Cost-Benefit 86

Occam's Razor

SEPTEMBER 19, 2011

The company truly has a portfolio strategy when it comes to marketing. It is also important to point out that I am keeping the data simple purely to keep communication of the story straightforward. We'll measure Revenue, Profit (the money we make less cost of goods sold), Expense (cost of campaign), Net (bottom-line impact).

Measurement 119

Measurement Advertising Testing Marketing 119

datapine

FEBRUARY 4, 2020

Let’s face it: every serious business that wants to generate leads and revenue needs to have a marketing strategy that will help them in their quest for profit. A marketing report is a set of data created to analyze the performance of a specific marketing campaign or effort. What Is A Marketing Report? How To Write A Marketing Report?

Reporting 280

Reporting Marketing Advertising Metrics 280

IBM Big Data Hub

OCTOBER 20, 2023

AI platform tools enable knowledge workers to analyze data, formulate predictions and execute tasks with greater speed and precision than they can manually. That said, selecting a platform can be a challenging process, as the wrong system can drive increased costs as well as potentially limit the use of other valuable tools or technologies.

Machine Learning 75

Machine Learning Manufacturing Cost-Benefit Deep Learning 75

Corinium

APRIL 25, 2019

Ahead of the Chief Data Analytics Officers & Influencers, Insurance event we caught up with Dominic Sartorio, Senior Vice President for Products & Development, Protegrity to discuss how the industry is evolving. The last 10+ years or so have seen Insurance become as data-driven as any vertical industry. Yes, definitely!

Insurance 150

Insurance Risk IoT Cost-Benefit 150

AWS Big Data

OCTOBER 4, 2023

Amazon DataZone enables customers to discover, access, share, and govern data at scale across organizational boundaries, reducing the undifferentiated heavy lifting of making data and analytics tools accessible to everyone in the organization. Then we explain the benefits of Amazon DataZone and walk you through key features.

Metadata 102

Metadata Data Lake Publishing Data Governance 102

AWS Big Data

NOVEMBER 14, 2023

Data is a key strategic asset for every organization, and every company is a data business at its core. However, in many organizations, data is typically spread across a number of different systems such as software as a service (SaaS) applications, operational databases, and data warehouses.

IoT 55

IoT Data-driven Data Lake Data Strategy 55

The Unofficial Google Data Science Blog

JUNE 30, 2016

By IVAN DIAZ & JOSEPH KELLY Determining the causal effects of an action—which we call treatment—on an outcome of interest is at the heart of many data analysis efforts. In an ideal world, experimentation through randomization of the treatment assignment allows the identification and consistent estimation of causal effects.

Statistics 44

Statistics Optimization Modeling Experimentation 44

Occam's Razor

OCTOBER 23, 2006

The title of my presentation at the Washington DC Emetrics summit was: Creating a Data Driven Web Decision Making Culture – Lessons, Tips, Insights from a Practitioner. Seven Steps to Creating a Data Driven Decision Making Culture…… Slide 1: Decision Making Landscape. 2 Solve for the Trinity. #

Data-driven 117

Data-driven Metrics KPI Reporting 117

Domino Data Lab

JULY 2, 2019

Paco Nathan ‘s latest article covers program synthesis, AutoPandas, model-driven data queries, and more. In other words, using metadata about data science work to generate code. In this case, code gets generated for data preparation, where so much of the “time and labor” in data science work is concentrated.

Metadata 105

Metadata Machine Learning Data Science Data-driven 105

Domino Data Lab

JUNE 23, 2019

Skomoroch proposes that managing ML projects are challenging for organizations because shipping ML projects requires an experimental culture that fundamentally changes how many companies approach building and shipping software. Without large amounts of labeled training data solving most AI problems is not possible.

Management 110

Management Machine Learning Experimentation Metrics 110

The Unofficial Google Data Science Blog

DECEMBER 14, 2021

by AMIR NAJMI & MUKUND SUNDARARAJAN Data science is about decision making under uncertainty. This blog post introduces the notions of representational uncertainty and interventional uncertainty to paint a fuller picture of what the practicing data scientist is up against. or "does this product change benefit users?"

Uncertainty 56

Uncertainty Statistics Measurement Cost-Benefit 56

Occam's Razor

SEPTEMBER 15, 2014

Nothing I can tell you about the importance of having an incredible mobile strategy will surprise you. If you look at the mobile marketing strategies, you will see they don't reflect this shift to mobile. Create a distinct mobile website and mobile app measurement strategies. Media-Mix Modeling/Experimentation.

Metrics 141

Metrics Reporting Analytics Marketing 141

Occam's Razor

AUGUST 13, 2012

The questions reveal a bunch of things we used to worry about, and continue to, like data quality and creating data driven cultures. Then you build a massive data store that you can query for data to analyze. That's simply because this model is unique to my business and my understand of our data.

Modeling 124

Modeling Metrics Data Quality Data-driven 124

datapine

JANUARY 31, 2022

Because things are changing and becoming more competitive in every sector of business, the benefits of business intelligence and proper use of data analytics are key to outperforming the competition. It will ultimately help them spot new business opportunities, cut costs, or identify inefficient processes that need reengineering.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

Domino Data Lab

AUGUST 26, 2019

Data scientists, machine learning (ML) researchers, and business stakeholders have a high-stakes investment in the predictive accuracy of models. Data scientists and researchers ascertain predictive accuracy of models using different techniques, methodologies, and settings, including model parameters and hyperparameters. Introduction.

Testing 79

Testing Modeling Machine Learning Metrics 79

CIO Business Intelligence

MAY 20, 2024

Data was plentiful yet deriving meaning through open dialogue remained elusive. Nevertheless, the ongoing challenge of adapting to the strategies of terrorists and rogue states persists, especially as the volume of data flooding military intelligence capabilities has surged.

Management 109

Management Interactive Measurement Marketing 109

IBM Big Data Hub

SEPTEMBER 25, 2023

The magic behind Uber’s data-driven success Uber, the ride-hailing giant, is a household name worldwide. But what most people don’t realize is that behind the scenes, Uber is not just a transportation service; it’s a data and analytics powerhouse. Consider the magnitude of Uber’s footprint.

OLAP 90

OLAP Data Lake Data-driven Snapshot 90

Domino Data Lab

OCTOBER 14, 2020

Guest post by Jeff Melching, Distinguished Engineer / Chief Architect Data & Analytics. We’ve developed a model-driven software platform, called Climate FieldView , that captures, visualizes, and analyzes a vast array of data for farmers and provides new insight and personalized recommendations to maximize crop yield.

Experimentation 99

Experimentation Modeling Deep Learning Testing 99