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. What are you measuring?

Cost-Benefit 135

Cost-Benefit Metrics Insurance Measurement 135

Occam's Razor

APRIL 8, 2013

To win in business you need to follow this process: Metrics > Hypothesis > Experiment > Act. We are far too enamored with data collection and reporting the standard metrics we love because others love them because someone else said they were nice so many years ago. That metric is tied to a KPI.

Metrics 156

Metrics KPI Analytics Key Performance Indicator 156

AWS Big Data

FEBRUARY 12, 2024

Objective Gupshup wanted to build a messaging analytics platform that provided: Build a platform to get detailed insights, data, and reports about WhatsApp/SMS campaigns and track the success of every text message sent by the end customers. This compiled data is then imported into Aurora PostgreSQL Serverless for operational reporting.

Data Warehouse 102

Data Warehouse Analytics Snapshot Cost-Benefit 102

Smart Data Collective

JULY 9, 2023

One report found that global e-commerce brands spent over $16.7 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.

Optimization 74

Optimization Data Analytics Analytics Data-driven 74

Occam's Razor

JULY 18, 2011

You must use metrics that are unique to the medium. Ready for the best email marketing campaign metrics? So for our email campaign analysis let’s look at metrics using that framework. Optimal Acquisition Email Metrics. Allow me to rush and point out that this metric is usually just directionally accurate.

Metrics 137

Metrics Marketing Measurement Cost-Benefit 137

CIO Business Intelligence

MARCH 5, 2024

Many other platforms, such as Coveo’s Relative Generative Answering , Quickbase AI , and LaunchDarkly’s Product Experimentation , have embedded virtual assistant capabilities but don’t brand them copilots. While that’s a limitation, there are reports of promised functionality not yet available. Generative AI, IT Strategy

Cost-Benefit 107

Cost-Benefit Advertising Experimentation Software 107

CIO Business Intelligence

NOVEMBER 15, 2022

Experiment with the “highly visible and highly hyped”: Gartner repeatedly pointed out that organisations that innovate during tough economic times “stay ahead of the pack”, with Mesaglio in particular calling for such experimentation to be public and visible. on average over the next year, somewhat lower than the projected 6.5%

Digital Transformation 133

Digital Transformation Experimentation Risk Metrics 133

CIO Business Intelligence

APRIL 2, 2024

For example, KPMG reports that 51% of technology executives have not seen an increase in performance or profitability from digital transformation investments. Unfortunately, the business impact of many digital transformations continues to fall short of expectations.

Management 113

Management Digital Transformation Testing Experimentation 113

O'Reilly on Data

OCTOBER 13, 2020

To support verification in these areas, a product manager must first ensure that the AI system is capable of reporting back to the product team about its performance and usefulness over time. The simplest case of model monitoring is to compute key performance metrics (related to both model fit and inference accuracy) regularly.

Management 240

Management Metrics Machine Learning Modeling 240

CIO Business Intelligence

NOVEMBER 21, 2023

There are ample reasons why 77% of IT professionals are concerned about shadow IT, according to a report from Entrust. Still, there is a steep divide between rogue and shadow IT, which came under discussion at a recent Coffee with Digital Trailblazers event I hosted.

IT 125

IT Risk Cost-Benefit Risk Management 125

O'Reilly on Data

MAY 11, 2020

It predates recommendation engines, social media, engagement metrics, and the recent explosion of AI, but not by much. The Entertainment” is not the result of algorithms, business incentives and product managers optimizing for engagement metrics. Model Cards for Model Reporting by Mitchell et al. READING LIST.

Modeling 188

Modeling Advertising Recreation/Entertainment Metrics 188

datapine

JANUARY 31, 2022

BI users analyze and present data in the form of dashboards and various types of reports to visualize complex information in an easier, more approachable way. They’re about having the mindset of an experimenter and being willing to let data guide a company’s decision-making process. 6) Smart and faster reporting.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

CIO Business Intelligence

FEBRUARY 3, 2023

“We’ve been lucky that our transformation of cyber happened with digital transformation, so the last two years we’ve talked a lot to the board about technology,” he says, adding that even as a non-executive member (he reports to head of supply chain), he’s been to the boardroom approximately 50 times during this period.

IT 52

IT Experimentation Scorecard Digital Transformation 52

DataRobot Blog

FEBRUARY 28, 2023

They can enjoy a hosted experience with code snippets, versioning, and simple environment management for rapid AI experimentation. When the training process is complete, DataRobot will recommend the best-performing model for production based on the selected metric and provide an explanation. Learn more about DataRobot hosted notebooks.

Data Processing 72

Data Processing Experimentation Machine Learning Modeling 72

DataRobot Blog

SEPTEMBER 30, 2022

By tracking service, drift, prediction data, training data, and custom metrics, you can keep your models and predictions relevant in a fast-changing world. Adoption of AI/ML is maturing from experimentation to deployment. How do you track the integrity of a machine learning model in production? Model Observability can help.

Slice and Dice 52

Slice and Dice Modeling Metrics Experimentation 52

Occam's Razor

JULY 24, 2018

work (collection, processing, reporting, analysis), processes, org structure, governance models, last-mile gaps , metrics ladders of awesomeness , and… so… much… more. Remember, tools, work, processes, org structure, governance models, last-mile gaps, metrics ladders of awesomeness, and… so… much… more. The Impact Matrix.

Analytics 93

Analytics Metrics Strategy Measurement 93

Occam's Razor

APRIL 29, 2013

Many used some data, but they unfortunately used silly data strategies/metrics. And silly simply because as soon as the strategy/success metric being obsessed about was mentioned, it was clear they would fail. It is expensive from a systems/platforms/data processing/data reporting perspective. It is a really good metric.

Marketing 166

Marketing Metrics Advertising Measurement 166

O'Reilly on Data

APRIL 19, 2021

The percentage of respondents reporting “mature” practices has been roughly the same for the last few years. This is almost exactly in line with the results from 2020, where 25% of the respondents reported that they had products in production (“Mature” wasn’t a possible response in the 2020 survey.). Bottlenecks to AI adoption.

Enterprise 353

Enterprise Modeling Risk Manufacturing 353

Occam's Razor

MAY 15, 2006

Add to this the fact that now there is a massive proliferation of tools that will instantly create reports presenting data in every conceivable slice, graph, table, pivot or dump that you can imagine the challenge. Experimentation/Testing (the latest new and cool thing to do, a/b or multivariate).

Metrics 100

Metrics Experimentation Testing Interactive 100

DataKitchen

OCTOBER 5, 2021

DataOps enables: Rapid experimentation and innovation for the fastest delivery of new insights to customers. Make reports on every aspect of the data team’s processes and the data lifecycle. The bottom line metrics that DataOps impacts are deployment latency and errors (figure 6). What is DataOps. Low error rates.

Testing 152

Testing Dashboards Measurement Experimentation 152

Domino Data Lab

DECEMBER 4, 2020

Having calculated AUC/AUMC, we can further derive a number of useful metrics like: Total clearance of the drug from plasma. Domino Lab supports both interactive and batch experimentation with all popular IDEs and notebooks (Jupyter, RStudio, SAS, Zeppelin, etc.). The area under the first moment curve would respectively be.

Metrics 59

Metrics Data Science Knowledge Discovery Measurement 59

Occam's Razor

AUGUST 22, 2011

" ~ Web Metrics: "What is a KPI? " + Standard Metrics Revisited Series. "Engagement" Is Not A Metric, It's An Excuse. Defining a "Master Metric", + a Framework to Gain a Competitive Advantage in Web Analytics. Delibrate Your Data, Dig Into Your Data, Reimagine Content Reporting.

KPI 124

KPI Metrics Measurement ROI 124

Cloudera

APRIL 9, 2021

The third video in the series highlighted Reporting and Data Visualization. Reporting – data warehousing & dashboarding. Since our goal is to optimize part production we’ve chosen the Gradient Boost Regression model that has shown best metrics (accuracy and AOC) for our particular ECC dataset. Here are the key stages: .

Machine Learning 98

Machine Learning Forecasting Manufacturing Predictive Analytics 98

Occam's Razor

OCTOBER 21, 2013

The Multi-Channel Funnels folder in Google Analytics contains the Top Conversion Paths report. At the highest level, across visits by focusing on unique people, the report shows the role search plays in driving conversions. From there, jump to my personal favorite report in MCF, Assisted Conversions. See Page Value there?

Optimization 154

Optimization Reporting Experimentation Metrics 154

AWS Big Data

JULY 20, 2023

This data is then used by various applications for streaming analytics, business intelligence, and reporting. Additionally, partition evolution enables experimentation with various partitioning strategies to optimize cost and performance without requiring a rewrite of the table’s data every time.

Data Lake 90

Data Lake Analytics Snapshot Optimization 90

Occam's Razor

FEBRUARY 28, 2017

To ensure customer delight was delivered in a timely manner, it was also decided that Average Call Time (ACT) would now be The success metric. The success metric, ACT, did go down. Reporting/dashboards were terribly created ( CDPs anyone? ). Metrics matter. What do you think happened? Another issue. Humans are pavlovian.

Key Performance Indicator 106

Key Performance Indicator Metrics Measurement Advertising 106

CIO Business Intelligence

APRIL 18, 2022

A newly released report from Deloitte supports that, noting that a straightforward, compelling “north star” narrative is critical to success for 38% of executive respondents. They invest in cloud experimentation. A leader also needs to devote time and energy to drive a transformation forward.

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145

CIO Business Intelligence

MARCH 21, 2022

Data scientists are often engaged in long-term research and prediction, while data analysts seek to support business leaders in making tactical decisions through reporting and ad hoc queries aimed at describing the current state of reality for their organizations based on present and historical data.

Unstructured Data 129

Unstructured Data Data Analytics Analytics Structured Data 129

DataRobot Blog

JULY 28, 2022

In addition to the accuracy of the models we built, we had to consider business metrics, cost, interpretability, and suitability for ongoing operations. Initially, the customer tried modeling using statistical methods to create typical features, such as moving averages, but the model metrics (R-square) was only 0.5 Download Now.

Data Science 72

Data Science Machine Learning Statistics Modeling 72

Sisense

NOVEMBER 23, 2020

Dr. Antic reports this doesn’t surprise him, as marketing is one of the original data-driven businesses in most organizations as it’s based on return on investment. Scott says COVID has prompted many business departments to ask themselves if they are undertaking reporting, data and analytics in the most efficient way.

Analytics 98

Analytics Data-driven Marketing Reporting 98

The Unofficial Google Data Science Blog

OCTOBER 12, 2017

With more features come more potential post hoc hypotheses about what is driving metrics of interest, and more opportunity for exploratory analysis. We data scientists now have access to tools that allow us to run a large numbers of experiments, and then to slice experimental populations by any combination of dimensions collected.

Experimentation 61

Experimentation Testing Statistics Metrics 61

Occam's Razor

SEPTEMBER 30, 2013

We'll start with digital at the highest strategic level, which leads us into content marketing, from there it is a quick hop over to the challenge of metrics and silos, followed by a recommendation to optimize for the global maxima, and we end with the last two visuals that cover social investment and social content strategy.

Marketing Analytics 154

Marketing Analytics Marketing Visualization Analytics 154

Occam's Razor

JANUARY 7, 2014

12: Almost all reporting is off custom reports. #11: 6: All automated reports are turned off on a random day/week/month each quarter to assess use/value. #5: Reporting Squirrels vs. Analysis Ninjas. No company hires anyone called a Reporting Squirrel. It is specific, it is, this will not surprise you, impactful. #12:

Data-driven 140

Data-driven Consulting Reporting Marketing 140

CIO Business Intelligence

MAY 20, 2024

Monthly reports aggregate data from all the machines to identify high- and low-yielding ones. Instead, companies should use metrics other than budget targets for rewards. Since grinding machines differ in their yields, senior leaders at the firm recognized that valuable knowledge could be generated by investigating these differences.

Management 101

Management Interactive Measurement Marketing 101

Cloudera

FEBRUARY 16, 2022

Support for multiple sessions within a project allows data scientists, engineers and operations teams to work independently alongside each other on experimentation, pipeline development, deployment and monitoring activities in parallel. Each AMP consists of a working prototype for a ML use case together with a research report.

Machine Learning 83

Machine Learning Modeling Metadata Recreation/Entertainment 83

Occam's Razor

AUGUST 13, 2012

That means: All of these metrics are off. What report would you want to see on conversion attribution that would help you decide where to spend?? Then I'm using data from the standard Days to Conversion report to limit who gets credit (no one beyond 27!).

Modeling 124

Modeling Metrics Data Quality Data-driven 124

FineReport

APRIL 24, 2024

Whether it’s identifying market trends, analyzing performance metrics, or understanding scientific findings, visual representations empower decision-makers to act with confidence. Choosing Color Schemes Selecting appropriate data visualization color palettes is a critical aspect of effective data visualization report design.

Visualization 52

Visualization Dashboards Interactive Data-driven 52