Smart Data Collective

APRIL 13, 2023

Resilient IT teams are better capable of incorporating changes, they’re more flexible in the face of adversity, and they can achieve more and less time. Building a resilient IT team during an economic downturn seems like an impossible challenge, especially if you’re facing budget limitations and staffing shortages. Hire wisely.

IT 96

IT KPI Experimentation Strategy 96

Rocket-Powered Data Science

FEBRUARY 15, 2023

encouraging and rewarding) a culture of experimentation across the organization. Source: [link] Every business wants to get on board with ChatGPT, to implement it, operationalize it, and capitalize on it. It is important to realize that the usual “hype cycle” rules prevail in such cases as this.

Strategy 290

Strategy Experimentation Uncertainty Machine Learning 290

CIO Business Intelligence

APRIL 26, 2023

Experimentation broadens expertise, particularly in a rapidly evolving field like technology where being able to learn many new skills is key to both career and enterprise success, he says. Is your organization giving its teams the training they need to keep pace with the latest industry developments?

IT 93

IT Experimentation Forecasting Technology 93

CIO Business Intelligence

FEBRUARY 1, 2024

Prioritising and measuring is key Generative AI represents a welcome shot in the arm for a sector in desperate need of efficiency and productivity gains. In the short term, healthcare CIOs need to focus on prioritising their use cases and ensuring they have a robust measuring framework in place to assess the results of trial deployment.

Experimentation 93

Experimentation Forecasting Measurement Cost-Benefit 93

CIO Business Intelligence

MAY 1, 2024

Pilots can offer value beyond just experimentation, of course. McKinsey reports that industrial design teams using LLM-powered summaries of user research and AI-generated images for ideation and experimentation sometimes see a reduction upward of 70% in product development cycle times.

Cost-Benefit 135

Cost-Benefit Metrics Insurance Measurement 135

DataKitchen

JANUARY 20, 2021

Centralizing analytics helps the organization standardize enterprise-wide measurements and metrics. Central DataOps process measurement function with reports. A COE typically has a full-time staff that focuses on delivering value for customers in an experimentation-driven, iterative, result-oriented, customer-focused way.

Metrics 243

Metrics Experimentation Measurement Testing 243

CIO Business Intelligence

MARCH 12, 2024

The maturity of any development organization can easily be measured in terms of the size and type of investment made in QA,” he says. Software and coding development remain a high-value area for experimentation, in addition to content development and knowledge management, in an effort to boost operational efficiencies,” he says.

Software 125

Software Experimentation Testing Cost-Benefit 125

CIO Business Intelligence

FEBRUARY 7, 2024

We’ve seen an ongoing iteration of experimentation with a number of promising pilots in production,” he says. That’s a measurable improvement and frees our support engineers to focus on higher-order work.” We’re now in the process of scaling and deploying it, because we’re able to measure it.”

KPI 82

KPI Measurement Experimentation Finance 82

CIO Business Intelligence

NOVEMBER 13, 2023

So if you are seeking to lead transformational change at your organization, it’s worth knowing the 10 most common reasons why digital transformation fails and what you as an IT leader can learn from those failures. Without a clear understanding of what their digital transformation should achieve, it’s easy for companies to get lost in the weeds.

Digital Transformation 134

Digital Transformation Cost-Benefit Experimentation Measurement 134

Occam's Razor

SEPTEMBER 19, 2011

This: You understand all the environmental variables currently in play, you carefully choose more than one group of "like type" subjects, you expose them to a different mix of media, measure differences in outcomes, prove / disprove your hypothesis (DO FACEBOOK NOW!!!) Maybe it is Search, Email and Facebook. Controlled experiments!

Measurement 119

Measurement Advertising Testing Marketing 119

CIO Business Intelligence

JUNE 14, 2023

Certifications measure your knowledge and skills against industry- and vendor-specific benchmarks to prove to employers that you have the right skillset. If you’re looking to get an edge on a data analytics career, certification is a great option. The number of data analytics certs is expanding rapidly.

Big Data 121

Big Data Data Analytics Analytics Predictive Modeling 121

O'Reilly on Data

MARCH 31, 2020

If you’re already a software product manager (PM), you have a head start on becoming a PM for artificial intelligence (AI) or machine learning (ML). You already know the game and how it is played: you’re the coordinator who ties everything together, from the developers and designers to the executives. Why AI software development is different.

Management 327

Management Machine Learning Experimentation Metrics 327

CIO Business Intelligence

JUNE 15, 2023

And while 68% of leaders believe their companies have implemented adequate measures to ensure responsible use of AI, only 29% of their frontline employees feel that way. But after the pandemic shook up the world of work, generative AI has flourished. It’s the new normal: 80% of leaders claim they are using it on a weekly basis,” she said.

Management 100

Management Experimentation Optimization Enterprise 100

Ontotext

NOVEMBER 2, 2023

And while there is a great deal of experimentation underway, most organizations have only scratched the surface in a use-case-by-use-case fashion. Solution to the Data Dilemma The good news is that the solution to this data dilemma is actually quite simple. In spite of all the activity, the data paradigm hasn’t evolved much.

IT 69

IT Cost-Benefit Data-driven Technology 69

The Unofficial Google Data Science Blog

JULY 22, 2020

Instead, we focus on the case where an experimenter has decided to run a full traffic ramp-up experiment and wants to use the data from all of the epochs in the analysis. When there are changing assignment weights and time-based confounders, this complication must be considered either in the analysis or the experimental design.

Experimentation 95

Experimentation Statistics Testing Strategy 95

CIO Business Intelligence

JULY 7, 2023

A security-by-design culture incorporates security measures deeply into the design and development of systems, rather than treating them as an afterthought. As more individuals use browser-based apps to get their work done, IT leaders need to provide seamless access to corporate apps and tools while minimizing security risks.

Measurement 103

Measurement Risk Experimentation Enterprise 103

CIO Business Intelligence

AUGUST 25, 2023

In this conversation with Foundry, Mitali discusses the accelerated importance of technology in healthcare, on enabling healthcare providers with data and why her team isn’t afraid of experimentation. A robust healthcare sector is testament to a nation’s commitment to the well-being of its citizens. The late nineties were the IT era.

Experimentation 82

Experimentation Digital Transformation Technology Measurement 82

Alation

DECEMBER 20, 2022

Failing to measure the impact of digital transformation against corporate strategies and OKRs. The measurement of an improvement and transformation is important,” Shaun Guthrie , senior VP of IT at Peavy Industries, points out “[It’s] Not just whether you improved revenue, efficiency, etc., are business problems.”. but by how much. “The

Digital Transformation 96

Digital Transformation Scorecard Measurement Experimentation 96

Domino Data Lab

SEPTEMBER 10, 2020

This means many projects get stuck in endless research and experimentation. Identify metrics that measure this variability. Data scientists can spend weeks just trying to find, capture and transform data into decent features for models, not to mention many cycles of training, tuning, and tweaking models so they’re performant.

Modeling 101

Modeling IT Data Science Experimentation 101

Occam's Razor

MAY 22, 2006

This post is a primer on the delightful world of testing and experimentation (A/B, Multivariate, and a new term from me: Experience Testing). Experimentation and testing help us figure out we are wrong, quickly and repeatedly and if you think about it that is a great thing for our customers, and for our employers.

Experimentation 103

Experimentation Testing Optimization Measurement 103

Data Science 101

JANUARY 15, 2020

Some pitfalls of this type of experimentation include: Suppose an experiment is performed to observe the relationship between the snack habit of a person while watching TV. Reliability: It means measurements should have repeatable results. For eg: you measure the blood pressure of a person. Let us understand this in brief.

Experimentation 96

Experimentation Statistics Measurement Testing 96

DataRobot Blog

MARCH 16, 2023

Today, DataRobot unveiled a new AI platform designed to help businesses derive measurable value from AI – something that too many organizations today have been unable to achieve. We are offering customers rapid experimentation and value identification, with both code-first and no-code approaches.

Experimentation 52

Experimentation Data-driven Measurement Enterprise 52

Domino Data Lab

AUGUST 6, 2021

The process of doing data science is about learning from experimentation failures, but inadvertent errors can create enormous risks in model implementation. Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. What Is Model Risk? Model implementation.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

DataKitchen

MARCH 8, 2023

This requires a culture of innovation, experimentation, and willingness to take risks and try new approaches. Measuring these goals is very important to success. As the adage goes, You can’t improve what you can’t measure. BI tools like Tableau, PowerBI, etc.). It’s not because they trust the newbies.

Analytics 130

Analytics Manufacturing Data-driven Data Analytics 130

O'Reilly on Data

SEPTEMBER 15, 2020

Technical sophistication: Sophistication measures a team’s ability to use advanced tools and techniques (e.g., Technical competence: Competence measures a team’s ability to successfully deliver on initiatives and projects. Goals should be defined specifically and at a granular level for each stakeholder and relevant use case.

Cost-Benefit 290

Cost-Benefit Advertising ROI Machine Learning 290

IBM Big Data Hub

MAY 17, 2024

Cloud adoption maturity model This maturity model helps measure an organization’s cloud maturity in aggregate. ” This quandary often comes with an accompanying worry: “Are we spending too much money on cloud computing?” Why move to cloud?

Modeling 91

Modeling Cost-Benefit Optimization Digital Transformation 91

CIO Business Intelligence

MAY 20, 2024

With the dawn of generative AI, management gurus continue pitching concepts of turnkey “learning organizations,” and “knowledge management.” It entails actively seeking, combining, and synthesizing information to generate new insights and perspectives. Monthly reports aggregate data from all the machines to identify high- and low-yielding ones.

Management 101

Management Interactive Measurement Marketing 101

DataKitchen

OCTOBER 5, 2021

DataOps enables: Rapid experimentation and innovation for the fastest delivery of new insights to customers. Clear measurement and monitoring of results. We find it helpful to think of data operations as a factory. Most organizations run the data factory using manual labor. Low error rates. Their product is the data. Willful blindness.

Testing 152

Testing Dashboards Measurement Experimentation 152

Corinium

JUNE 6, 2019

A properly set framework will ensure quality, timeliness, scalability, consistency, and industrialization in measuring and driving the return on investment. It is also important to have a strong test and learn culture to encourage rapid experimentation. What is the most common mistake people make around data? It is fast and slow.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

The Unofficial Google Data Science Blog

APRIL 16, 2019

by MICHAEL FORTE Large-scale live experimentation is a big part of online product development. This means a small and growing product has to use experimentation differently and very carefully. This blog post is about experimentation in this regime. But these are not usually amenable to A/B experimentation.

Experimentation 68

Experimentation Sales Metrics Measurement 68

CIO Business Intelligence

APRIL 4, 2022

The early days of the pandemic taught organizations like Avery Dennison the power of agility and experimentation. We are just starting to come back into the office, but in six months we’ll have a much better measure” of efficiencies gained. “I Today it uses those same techniques for improved efficiencies and growth.

Experimentation 128

Experimentation Interactive Business Objectives Manufacturing 128

Ontotext

JULY 6, 2023

It incorporates the knowledge of Subject Matter Experts and ensures accurate sentiment measurements. Experimentation with different technical analysis services becomes possible. Being able to provide a comprehensive understanding of market dynamics through sentiment measurement is crucial.

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52

CIO Business Intelligence

SEPTEMBER 9, 2022

Measure the right outputs. It’s a curious truth about innovation that oftentimes the breakthroughs come not from directed, goal-oriented activity but something more akin to play or free-experimentation. Instead, people are looking for something more ephemeral, which we’ll call meaning. . Passion and space to innovate.

Software 130

Software Experimentation Measurement Marketing 130

Ontotext

MARCH 29, 2021

More than 10 years ago we even had experimental support of what we called triplesets , which allowed the association of metadata to sets of statements. . << :man :hasSpouse :woman >> 2. source :TheNationalEnquirer ; 3. webpage <[link] 4. retrieved "2020-02-13"^^ xsd:dateTime. id1 rdf:type rdf:Statement ; 3.

Metadata 59

Metadata IT Modeling Experimentation 59

AWS Big Data

AUGUST 21, 2023

In particular, our experimentation shows that hybrid search, combining lexical and vector approaches, typically results in a 15% improvement in search result quality over lexical or vector search alone on industry-standard test sets, as measured by the NDCG@10 metric (Normalized Discounted Cumulative Gain in the first 10 results).

Data Processing 94

Data Processing Experimentation Visualization Metrics 94

Smart Data Collective

JULY 9, 2023

Optimizing Conversion Rates with Data-Driven Strategies A/B Testing and Experimentation for Conversion Rate Optimization A/B testing is essential for discovering which version of your website’s elements are most effective in driving conversions. Experimentation is the key to finding the highest-yielding version of your website elements.

Optimization 74

Optimization Data Analytics Analytics Data-driven 74

CIO Business Intelligence

JULY 8, 2022

First, it’s a straightforward proposition whose end state is relatively easy to envision and measure, making it a nice palate cleanser for those still wrapping their heads around the broader operating model shift. By operations, we mean work that fixes or hones the processes and tools already employed in an organization. Disadvantages.

Cost-Benefit 108

Cost-Benefit Measurement Modeling Metrics 108