DataRobot Blog

DECEMBER 6, 2022

Taking a Multi-Tiered Approach to Model Risk Management. Understand why organizations need a three-pronged approach to mitigating risk among multiple dimensions of the AI lifecycle and what model risk management means to today’s AI-driven companies. Forecast Time Series at Scale with Google BigQuery and DataRobot.

Experimentation 145

Experimentation Forecasting Data-driven Machine Learning 145

IBM Big Data Hub

FEBRUARY 13, 2024

They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. Such analysis and decision-making are often optimized with the help of various technologies, including artificial intelligence tools and data analytics platforms.

Cost-Benefit 85

Cost-Benefit Scorecard Risk Recreation/Entertainment 85

IBM Big Data Hub

FEBRUARY 28, 2024

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. In addition to enhanced decision-making, flexibility and visibility, analytics engines paired with AI can help manage supplier risk.

Strategy 103

Strategy Technology Cost-Benefit Risk Management 103

IBM Big Data Hub

JUNE 29, 2023

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity. A retail company experiences a sudden surge in online sales due to a viral social media campaign.

Key Performance Indicator 81

Key Performance Indicator Forecasting Data Integration Sales 81

IBM Big Data Hub

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk.

Strategy 71

Strategy Cost-Benefit Key Performance Indicator Consulting 71

datapine

JUNE 15, 2023

On the contrary, organizations that fail to implement online data analysis tools to track and optimize their performance will simply stay behind. By being able to make informed decisions, you’ll ensure your goals are being met with less financial risk, thanks to smart resource allocation. What Is The Importance of Performance Reports?

Reporting 207

Reporting Cost-Benefit Dashboards Sales 207

Jedox

APRIL 10, 2019

When embracing better-practice, balancing risk to return can be complex and choosing a path that delivers high business value, with minimum disruption is not always easy. This approach meant they avoided the risk of waiting 6-12 months to get any result. It was low-risk and required minimal training.

Digital Transformation 42

Digital Transformation Risk Finance Sales 42

IBM Big Data Hub

APRIL 25, 2024

BPR examples are not one-time projects, but rather examples of a continuous journey of innovation and change focused on optimizing end-to-end processes and eliminating redundancies. The purpose of BPR is to streamline workflows , eliminate unnecessary steps and improve resource utilization.

Cost-Benefit 61

Cost-Benefit Finance Optimization Key Performance Indicator 61

FineReport

APRIL 9, 2024

These benefits include enhanced operational efficiency through streamlined processes and optimized resource allocation. By leveraging advanced analytics capabilities, businesses can uncover hidden opportunities and potential risks within their datasets, allowing them to proactively address challenges and capitalize on emerging trends.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

Smarten

NOVEMBER 28, 2023

Businesses that use data to make decisions can adapt to change more quickly and improve services and products, customer engagement and day-to-day activities to optimize resources, funding, training, and creativity.’ Find out how Augmented Analytics products can help your business plan and forecast for success.

Analytics 67

Analytics Digital Transformation Cost-Benefit Testing 67

FineReport

APRIL 9, 2024

Optimized Operational Efficiency: These tools streamline processes and resource allocation, leading to cost savings and improved resource utilization. The implementation of robust healthcare data management strategies is imperative to mitigate the risks associated with data breaches and non-compliance.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

Smart Data Collective

AUGUST 30, 2020

“As it is the case with any venture, there are some risks that are inherent to the housing market. Being able to mitigate these risks and navigate various market trends is essential for generating a profit,” Mashvisor notes. In fact, the use of real estate data has entirely replaced gut decisions with metric-driven practices.

Big Data 113

Big Data Risk Data-driven Marketing 113

CIO Business Intelligence

JULY 31, 2023

After all, each of these is part of your mandate, as a CIO, to optimize the organization’s digital potential. What major challenges and risks stand between the current state and the vision? Hint: Be ready to explain any increase in this metric. What about for your employees? Not sure where to start?

Strategy 98

Strategy IT Cost-Benefit Finance 98

datapine

FEBRUARY 14, 2021

That’s why it’s critical to monitor and optimize relevant supply chain metrics. Finally, we will show how to combine those metrics with the help of modern KPI software and create professional supply chain dashboards. Your Chance: Want to visualize & track supply chain metrics with ease?

Metrics 260

Metrics KPI Dashboards Sales 260

IBM Big Data Hub

JUNE 20, 2023

Greater alignment across business units: Optimize management processes according to a variety of factors beyond just the condition of a piece of equipment. capital and manpower), projected downtime and its implications for the business, worker safety, and any potential security risks associated with the repair.

Strategy 76

Strategy Management Cost-Benefit IoT 76

datapine

NOVEMBER 5, 2019

By harnessing the insights, information, and metrics that are most valuable to key aspects of your business and understanding how to take meaningful actions from your data, you will ensure your business remains robust, resilient, and competitive. If you fail to do so, you risk damages in your productivity and costs. Smart alarms.

Dashboards 220

Dashboards Cost-Benefit Sales Metrics 220

CIO Business Intelligence

AUGUST 17, 2022

The 2022 KPMG Fraud Outlook report “A Triple Threat Across the Americas” affirmed the increasing challenges; 77% of respondents to the KPMG survey say their cyber risk will grow over the next year. The evidence that enterprises want the “autonomous” component to be built into storage platforms underscores what we forecasted for 2022.

Enterprise 111

Enterprise Cost-Benefit Snapshot Data-driven 111

bridgei2i

JULY 8, 2020

They discuss the impact of the pandemic on enterprises and the need to adopt parallel windows – a short term window to get an enterprise’s operational system up and running as effectively as possible, and a medium-term outlook to mitigate the supply chain shocks and risks. Tune in, and don’t forget to subscribe!

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

Jet Global

DECEMBER 9, 2020

It’s ironic that many of those same businesses fail to devote the necessary time and energy to optimizing working capital. You must often mark down or liquidate obsolete items, and the more inventory you have, the higher the risk of that happening. It’s one of those things that is always important, but rarely urgent… except when it is.

Reporting 81

Reporting Finance Sales Measurement 81

IBM Big Data Hub

JULY 27, 2023

By analyzing asset data, companies can identify inefficiencies, uncover cost-saving opportunities and make more accurate budget forecasts. Access to asset/system simulations can enable more proactive maintenance planning, improved decision-making and better risk management. It can also significantly increase uptime and lifespan.

Cost-Benefit 59

Cost-Benefit IoT Internet of Things Enterprise 59

Smarten

NOVEMBER 19, 2018

Today’s self-serve predictive analytics and forecasting tools are designed to support business users and data analysts alike. Predictive analytics is the process of forecasting or predicting business results for planning purposes. No longer is this process the sole responsibility of data scientists or IT staff.

Business Objectives 40

Business Objectives Predictive Analytics Analytics Forecasting 40

IBM Big Data Hub

OCTOBER 16, 2023

Marketers use ML for lead generation, data analytics, online searches and search engine optimization (SEO). ML also provides the ability to closely monitor a campaign by checking open and clickthrough rates, among other metrics. AI and ML use decades of stock market data to forecast trends and suggest whether to buy or sell.

Machine Learning 51

Machine Learning Marketing Forecasting Modeling 51

Jet Global

APRIL 27, 2020

Financial modeling involves combining key accounting, finance, and business metrics to build an abstract representation, or model, of a company’s financial situation. Executives typically use financial models to make decisions about: Budgeting and forecasting. What Is Financial Modeling? Organic business growth. Valuing the company.

Modeling 72

Modeling Forecasting Finance Visualization 72

CIO Business Intelligence

SEPTEMBER 8, 2022

The enormous potential of real-time data not only gives businesses agility, increased productivity, optimized decision-making, and valuable insights, but also provides beneficial forecasts, customer insights, potential risks, and opportunities,” said Krumova.

Cost-Benefit 122

Cost-Benefit Internet of Things Data-driven Data Lake 122

FineReport

MAY 31, 2023

Contemporary dashboards surpass basic visualization and reporting by utilizing financial analytics to amalgamate diverse financial and accounting data, empowering analysts to delve further into the data and uncover valuable insights that can optimize cost-efficiency and enhance profitability.

Dashboards 52

Dashboards Key Performance Indicator Metrics Visualization 52

Sisense

JUNE 8, 2020

Current, on-premises data platforms are not yielding optimal results for businesses. As a result, many organizations are able to join external data to their own data in real time to forecast business impacts, predict supply and demand , apply models, and aggregate to predict the spread of the virus.

Data Warehouse 89

Data Warehouse Data-driven Dashboards Sales 89

CIO Business Intelligence

SEPTEMBER 15, 2023

From the CEO’s perspective, an optimized IT services portfolio maximizes cost efficiency, flexibility, and scalability. It enables the organization to focus on its core business while managing risks and accelerating time-to-market for new products and services.

Optimization 111

Optimization IT Metrics Marketing 111

IBM Big Data Hub

JULY 6, 2023

Other challenges include communicating results to non-technical stakeholders, ensuring data security, enabling efficient collaboration between data scientists and data engineers, and determining appropriate key performance indicator (KPI) metrics. A manufacturer developed powerful, 3D-printed sensors to guide driverless vehicles.

Machine Learning 58

Machine Learning Data Science Statistics Deep Learning 58

datapine

NOVEMBER 15, 2022

1) What Are Product Metrics? 2) Types Of Product Metrics. 3) Product Metrics Examples You Can Use. 4) Product Metrics Framework. The right product performance metrics will give you invaluable insights into its health, strength and weaknesses, potential issues or bottlenecks, and let you improve it greatly.

Metrics 141

Metrics KPI Measurement Dashboards 141

Cloudera

JUNE 29, 2023

To ensure the stability of the US financial system, the implementation of advanced liquidity risk models and stress testing using (MI/AI) could potentially serve as a protective measure. To improve the way they model and manage risk, institutions must modernize their data management and data governance practices.

Data Architecture 82

Data Architecture Risk Management Risk Management 82

CIO Business Intelligence

MAY 4, 2022

More specifically, Rasmussen is boosting her spend on cybersecurity to help manage risk, a key element for enabling Ceridian’s planned global expansion. Ceridian SVP and CIO Carrie Rasmussen got a 7% bump in her IT budget for 2022, with her company’s growth, its ongoing digitalization drive, and security mindfulness driving the boost.

IT 135

IT Business Driver Reporting Uncertainty 135

Smart Data Collective

NOVEMBER 7, 2019

As a result, when we fit classifiers on such datasets, we should use metrics other than accuracy when comparing models such as f1-score or AUC (area under ROC curve). One study found that 25% of employees are at a higher risk of turnover. There are three ways to deal with this issue…”.

Predictive Analytics 47

Predictive Analytics Analytics Cost-Benefit Risk 47

Jet Global

APRIL 26, 2021

Typically, a debt covenant report provides some key financial measures relative to profitability, solvency, and other metrics that provide visibility to the company’s performance. It’s important to realize, however, that any of the metrics listed above can be extraordinarily useful as management tools.

Reporting 52

Reporting Finance Operational Reporting Measurement 52

datapine

JANUARY 18, 2023

With the use of the right BI reporting tool businesses can generate various types of analytical reports that include accurate forecasts via predictive analytics technologies. Businesses use this type of report to spot any issues and define their solutions, or to identify improvement opportunities to optimize their operational efficiency.

Reporting 201

Reporting Metrics Dashboards Visualization 201

Jet Global

MARCH 4, 2020

A manufacturing Key Performance Indicator (KPI) or metric is a well defined and quantifiable measure that the manufacturing industry uses to gauge its performance over time. Manufacturing companies specifically use KPIs to monitor, analyze, and optimize operations, often comparing their efficiencies to those of competitors in the same sector.

Manufacturing 80

Manufacturing Metrics Reporting KPI 80

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

by THOMAS OLAVSON Thomas leads a team at Google called "Operations Data Science" that helps Google scale its infrastructure capacity optimally. ln this post he describes where and how having “humans in the loop” in forecasting makes sense, and reflects on past failures and successes that have led him to this perspective.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

datapine

OCTOBER 21, 2020

If you put on too many workers, you run the risk of having unnecessary labor costs add up. All this vital information can be coupled with other trackable data to identify potential health risks lurking. Chronic insomnia and an elevated heart rate can signal a risk for future heart disease for instance. on a permanent basis.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364