Smart Data Collective

JULY 9, 2023

Understanding E-commerce Conversion Rates There are a number of metrics that data-driven e-commerce companies need to focus on. It is a crucial metric that provides priceless information about your website’s ability to transform visitors into paying customers. Some of the most important is conversion rates.

Optimization 74

Optimization Data Analytics Analytics Data-driven 74

IBM Big Data Hub

FEBRUARY 7, 2024

Investors, regulators and stakeholders are increasingly demanding that companies disclose their exposure to climate-related risks , such as dependence on fossil fuels or vulnerability to weather events. The goal is for there to be more nature by 2030 than there is today—which means taking actionable steps in 2024.

Reporting 98

Reporting Cost-Benefit Internet of Things Data-driven 98

Smart Data Collective

AUGUST 29, 2020

Remote monitoring includes a wide range of functions, from offsite data collection to key tracking tools and even video-based monitoring, and though some of these tools are invasive, others can help boost productivity. The second key problem with surveillance-based productivity data is that it doesn’t measure the right things.

Measurement 127

Measurement Data-driven Metrics Data Collection 127

datapine

JANUARY 6, 2022

Yet, before any serious data interpretation inquiry can begin, it should be understood that visual presentations of data findings are irrelevant unless a sound decision is made regarding scales of measurement. For a more in-depth review of scales of measurement, read our article on data analysis questions.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

Smart Data Collective

SEPTEMBER 4, 2020

Google has shown how to use big data effectively for decision-making , but many other companies don’t understand the principles to follow. Far too many businesses fail to develop a sensible data strategy, so their ROI from their data collection methodologies is often subpar. Guide to Creating a Big Data Strategy.

Data-driven 87

Data-driven Big Data Metrics Strategy 87

CIO Business Intelligence

MAY 16, 2023

Big Data collection at scale is increasing across industries, presenting opportunities for companies to develop AI models and leverage insights from that data. Regulation: Lawmakers worldwide are considering privacy legislation and other rules that could limit the scope of data collection and AI use cases.

Advertising 84

Advertising Recreation/Entertainment Experimentation Enterprise 84

IBM Big Data Hub

SEPTEMBER 6, 2023

From customized content creation to task automation and data analysis, AI has seemingly endless applications when it comes to marketing, but also some potential risks. They can also reduce the likelihood of human error, deliver more personalized customer messages and identify at-risk customers. What is AI marketing?

Marketing 85

Marketing Technology Advertising ROI 85

BA Learnings

AUGUST 7, 2021

In addition to that, the risk assessment will not be carried out properly, and you won’t know what pitfalls lie ahead until you’re already knee-deep in the problem. However, after putting in place infrastructure for this database, you realize you need to improve your data collection methods.

Digital Transformation 130

Digital Transformation Key Performance Indicator Cost-Benefit KPI 130

FineReport

MAY 31, 2023

Financial Performance Dashboard The financial performance dashboard provides a comprehensive overview of key metrics related to your balance sheet, shedding light on the efficiency of your capital expenditure.

Dashboards 52

Dashboards Key Performance Indicator Metrics Visualization 52

CIO Business Intelligence

FEBRUARY 13, 2023

Measure performance of the current process by establishing a data collection plan to determine defects and gather metrics. At this stage, it’s important to establish performance baselines, future goals, and how performance will be measured.

Management 73

Management Statistics Manufacturing Measurement 73

CIO Business Intelligence

NOVEMBER 22, 2022

As a result, a growing number of IT leaders are looking for data strategies that will allow them to manage the massive amounts of disparate data located in silos without introducing new risk and compliance challenges. Data collection and management shouldn’t be classified as just another project, Gusher notes.

Data Strategy 145

Data Strategy Strategy Enterprise Consulting 145

The Unofficial Google Data Science Blog

OCTOBER 31, 2016

By PATRICK RILEY For a number of years, I led the data science team for Google Search logs. We were often asked to make sense of confusing results, measure new phenomena from logged behavior, validate analyses done by others, and interpret metrics of user behavior. Something like histograms, CDFs, Q-Q plots, etc.

Metrics 107

Metrics Measurement Statistics Data Collection 107

FineReport

MAY 27, 2022

For example, it is more suitable to provide a non-professional reader with a financial report with key financial indicators instead of an entire financial report with all detailed metrics. Step 2: Collect financial data. Compared with other steps, data collection is a relatively tiring step in financial reporting.

Reporting 52

Reporting Dashboards KPI Metrics 52

Jet Global

SEPTEMBER 29, 2021

More than ever before, businesspeople rely on their Finance leaders to drive strategic initiatives and business growth, not just report the numbers, to help manage global risk and operations and better serve customers. How Finance Leaders Use Data to Support Decision-Making. Provide Access to Quality Data.

Data-driven 52

Data-driven Finance Data Collection Metrics 52

BizAcuity

FEBRUARY 22, 2019

Financial Analytics solutions are benefiting organizations across sectors through a combination of cost savings, organizational alignment and the enablement of high value business risk analysis that was not previously attainable by the finance functions of an organization. Financial Analytics in Event Management Industry – A summary.

Analytics 75

Analytics Cost-Benefit Finance Sales 75

AWS Big Data

MAY 16, 2023

In this first post of the series, we show you how data collected from smart sensors is used for building automated dashboards using QuickSight to help distribution network engineers manage, maintain and troubleshoot smart sensors and perform advanced analytics to support business decision making.

Dashboards 75

Dashboards Statistics Data Collection Business Intelligence 75

Alation

SEPTEMBER 9, 2021

Banks collect and manage a lot of sensitive data. And, the data collection doesn’t stop there — rich insights like transactions and purchasing information help to round out customer profiles. Identifying structured and unstructured data that needs to be protected. Tagging data types.

Data Governance 52

Data Governance Data Strategy Strategy Risk 52

Sisense

SEPTEMBER 3, 2020

Besides strong technical skills (for instance, use of Hadoop, programming in R and Python , math, statistics), data scientists should also be able to tackle open-ended questions and undirected research in ways that bring measurable business benefits to their organization. See an example: Explore Dashboard.

Statistics 97

Statistics Metrics Visualization Finance 97

IBM Big Data Hub

AUGUST 7, 2023

In an ideal scenario, they would be able to, with relative and consistent accuracy, predict performance of clinical trial sites that are at risk of not meeting their recruitment expectations. A mitigation plan facilitates trial continuity by providing contingency measures and alternative strategies.

Optimization 59

Optimization Forecasting Data-driven Strategy 59

IBM Big Data Hub

AUGUST 11, 2023

Once defined, ML engineers can begin building the ML data pipeline: Create and execute the decision process—Data science teams work with software developers to create algorithms that can process data, search for patterns and “guess” what might come next.

Data Science 57

Data Science Machine Learning Cost-Benefit Deep Learning 57

Jet Global

MAY 15, 2020

A financial Key Performance Indicator (KPI) or metric is a quantifiable measure that a company uses to gauge its financial performance over time. Under modern day reporting standards, companies are formally obligated to present their financial data in the following statements: balance sheet, income statement, and cash flow statement.

Metrics 98

Metrics Finance Reporting KPI 98

IBM Big Data Hub

MARCH 26, 2024

While ESG seeks to provide standard methods and approaches to measuring across environmental, social and governance KPIs, and holds organizations accountable for that performance, sustainability is far broader. How is sustainability managed—as an annual measuring exercise or an ongoing effort that supports business transformation?

Measurement 67

Measurement Metrics Strategy Reporting 67

IBM Big Data Hub

SEPTEMBER 11, 2023

How to quantify the impact : Quantify, articulate and measure the expected long-term benefit of a capability to justify the investment. Through the analysis of collected data, potential opportunities for improvement are uncovered. The pain point tracker clusters the foundational data in which value metrics are then applied.

Data-driven 90

Data-driven IT Measurement Cost-Benefit 90

Smart Data Collective

AUGUST 4, 2022

An article in HR Voices titled Data Analytics in HR: Impacting the Future of Performance Management underscores some of the benefits. The authors state that data analytics saves managers time and reduces the risk of inadvertent bias.

Data-driven 129

Data-driven Metrics Software Data Collection 129

IBM Big Data Hub

AUGUST 11, 2023

Moreover, they play a crucial role in quality management and compliance by enforcing quality control procedures, monitoring metrics and capturing real-time data. They also support the measurement of overall equipment effectiveness (OEE) , a significant metric used to gauge manufacturing efficiency.

Software 73

Software Manufacturing Cost-Benefit ROI 73

datapine

AUGUST 12, 2020

In your daily business, many different aspects and ‘activities’ are constantly changing – sales trends and volume, marketing performance metrics, warehouse operational shifts, or inventory management changes. The next in our rundown of dynamic business reports examples comes in the form of our specialized SaaS metrics dashboard.

Reporting 297

Reporting Dashboards Visualization Cost-Benefit 297

IBM Big Data Hub

NOVEMBER 14, 2023

A value exchange system built on data products can drive business growth for your organization and gain competitive advantage. This growth could be internal cost effectiveness, stronger risk compliance, increasing the economic value of a partner ecosystem, or through new revenue streams.

Strategy 113

Strategy Cost-Benefit Data-driven Measurement 113

O'Reilly on Data

MAY 14, 2020

In addition, the Research PM defines and measures the lifecycle of each research product that they support. The foundation of any data product consists of “solid data infrastructure, including data collection, data storage, data pipelines, data preparation, and traditional analytics.”

Management 363

Management Experimentation B2B Machine Learning 363

CIO Business Intelligence

AUGUST 15, 2023

A risk-limiting audit (RLA) is one audit type used for election verification. In increasingly politicized times, easily performing RLAs can provide a measure of confidence to the interested voter that elections are being run properly.” And it yields multiple business metric improvements, such as limiting surplus inventory.

IT 90

IT Manufacturing IoT Cost-Benefit 90

Occam's Razor

JANUARY 31, 2017

Ten years, and the 944,357 words, are proof that I love purposeful data, collecting it, pouring smart strategies into analyzing it, and using the insights identified to transform organizations. There is only one simple message above, and just two metrics that matter. It can be any of the numerous brand metrics avilable to us.

Visualization 148

Visualization IT Strategy Key Performance Indicator 148

Cloudera

MARCH 18, 2021

The Fundamental Review of the Trading Book (FRTB), introduced by the Basel Committee on Banking Supervision (BCBS), will transform how banks measure risk. In order to help make banks more resilient to drastic market changes, it will impose capital requirements that are more closely aligned with the market’s actual risk factors.

Risk 55

Risk Machine Learning Risk Management Measurement 55

AWS Big Data

MARCH 26, 2024

The following figure shows some of the metrics derived from the study. In this post, we discuss how you can use purpose-built AWS services to create an end-to-end data strategy for C360 to unify and govern customer data that address these challenges. Organizations using C360 achieved 43.9% reduction in sales cycle duration, 22.8%

Data Strategy 69

Data Strategy Strategy Data Warehouse Prescriptive Analytics 69

Domino Data Lab

MAY 8, 2019

The lens of reductionism and an overemphasis on engineering becomes an Achilles heel for data science work. Instead, consider a “full stack” tracing from the point of data collection all the way out through inference. . – back to the structure of the dataset. Let’s look through some antidotes.

Machine Learning 105

Machine Learning Data Science Modeling Visualization 105

Domino Data Lab

MAY 20, 2021

Working with highly imbalanced data can be problematic in several aspects: Distorted performance metrics — In a highly imbalanced dataset, say a binary dataset with a class ratio of 98:2, an algorithm that always predicts the majority class and completely ignores the minority class will still be 98% correct. return synthetic.

Machine Learning 136

Machine Learning Metrics Data mining Knowledge Discovery 136

Domino Data Lab

JUNE 23, 2019

Companies with successful ML projects are often companies that already have an experimental culture in place as well as analytics that enable them to learn from data. Ensure that product managers work on projects that matter to the business and/or are aligned to strategic company metrics. That’s another pattern.

Management 110

Management Machine Learning Experimentation Metrics 110

O'Reilly on Data

OCTOBER 18, 2022

Data can be wrong. When we use AI in security applications, the risks become even more direct. As AI technologies are adopted more broadly in security and other high-risk applications, we’ll all need to know more about AI audit and risk management. Predictions can be wrong. System designs can be wrong.

Risk Management 291

Risk Management Risk Testing Measurement 291

Andrew White

JANUARY 9, 2022

First, how we measure emissions and carbon footprint is about data design and policy. In other words, D&A plays a key role in the foundational measuring angle. This is the same for scope, outcomes/metrics, practices, organization/roles, and technology. They can all help you at any time depending not the context.

Analytics 64

Analytics Measurement Modeling Data-driven 64