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.”. Today, Doug Laney, innovation fellow of data and analytics strategy at West Monroe, disputes Humby’s assertion on a technicality: “When you use a drop of oil, you can only use it one way at a time,” Laney says. Humby had bona fides to make that claim.

ROI 115
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.

IT 105
Insiders

Sign Up for our Newsletter

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

article thumbnail

The Complete Digital Analytics Ecosystem: How To Win Big

Occam's Razor

Helpful post: Best Metrics For Digital Marketing: Rock Your Own And Rent Strategies.]. While there are no such things as blessed KPIs everyone must follow – because everyone is not executing the exact same strategy -, some metrics can never be KPIs. Your digital analytics tools are full of metrics. Averages this. Total that.

Analytics 150
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

A Great Analyst's Best Friends: Skepticism & Wisdom!

Occam's Razor

Your first skepticism flag should be: The title of the article says IQ, do PISA scores measure IQ? This post is from 2006: Data Quality Sucks, Let's Just Get Over It You'll learn the six step process you can use to overcome the paralysis. What are strategies you use to fuel your skepticism? You are the smart Analyst.

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! Episode 42: The Future of Sustainable Shopping.

article thumbnail

Themes and Conferences per Pacoid, Episode 8

Domino Data Lab

Given those two, plus SQL gaining eminence as a database strategy, a decidedly relational picture coalesced throughout the decade. Cloud gets introduced: Amazon AWS launched in public beta in 2006. Mobile gets introduced: the term “ CrackBerry ” becomes a thing in 2006, followed by the launch of the iPhone the following year.