article thumbnail

At a loss for data project ROI? Evaluate it like a product

CIO Business Intelligence

In 2006, British mathematician Clive Humby proclaimed, “Data is the new oil.”. It could be a dataset, an ML model, or a report. You need to have a sense of ROI, beginning with a sense of what it costs to product it and being deliberate about measuring what you expect to reap from it is really the starting point,” he says.

ROI 116
article thumbnail

Big Data Joins The Fight Against Traumatic Brain Injuries

Smart Data Collective

One report shows that the global market for big data in healthcare is expected to reach $68.75 The CDC reports that the incidents of admissions for these types of injuries rose around 54% between 2006 and 2014. Big data is being used more frequently in healthcare facilities all over the world. billion in 2025.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is ITIL? Your guide to the IT Infrastructure Library

CIO Business Intelligence

ITIL 4 contains seven guiding principles that were adopted from the most recent ITIL Practitioner Exam, which covers organizational change management, communication, and measurement and metrics. The two bodies formed an alliance at the end of 2006 to further IT service management. How does ITIL reduce costs?

IT 105
article thumbnail

The Complete Digital Analytics Ecosystem: How To Win Big

Occam's Razor

Helpful post: You Are What You Measure, So Choose Your KPIs (Incentives) Wisely! ]. As we develop more sophistication to our measurement, they'll morph from being attributes of a Visitor to those of a Person. Notice I did not say standard reports, those barely cross the bar of data puking. I said custom reports.

Analytics 150
article thumbnail

Kick Butt With Internal Site Search Analytics

Occam's Razor

I had first written about the wonders of site search analysis in a June 2006 post: Are You Into Internal Site Search Analysis? This post is using screenshots of the new Google Internal Search Analysis reports but the process of understanding the search data will apply to all companies. 3: Measure Internal Site Search Quality. #4:

Analytics 101
article thumbnail

Our quest for robust time series forecasting at scale

The Unofficial Google Data Science Blog

First, the system may not be understood, and even if it was understood it may be extremely difficult to measure the relationships that are assumed to govern its behavior. For this simple vignette, we might regard $X_1$ and $X_2$ as errors from a measuring scale and note that $X_2$ is not as precise an instrument as $X_1$.

article thumbnail

SAP Industry Insights Podcast Highlights of 2021 with Host Tom Raftery

Timo Elliott

For example, we’re see all kinds of legislation requiring companies to measure set targets, measure and report their emissions, for example. Timo Elliott: Well, I’m not really qualified to talk about that because I’ve been the same company now for 30 years!