2011 Cost-Benefit Experimentation Reporting 
Domino Data Lab
AUGUST 6, 2021
With a framework and Enterprise MLOps, organizations can manage data science at scale and realize the benefits of Model Risk Management that are received by a wide range of industry verticals. It was first defined by the US Federal Reserve and Office of the Comptroller of the Currency ( SR 11-7 ) in April 2011. What Is Model Risk?
O'Reilly on Data
MAY 11, 2020
Television only lacked the immediate feedback that comes with clicks, tracking cookies, tracking pixels, online experimentation, machine learning, and “agile” product cycles. Regardless of how we think of ourselves, humans aren’t terribly good at trading off short-term stimulus against long-term benefits. And the cycle goes on.
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Occam's Razor
JUNE 4, 2018
Go to the Multi-Channel Funnels folder in Google analytics and look at two other yummy reports: Time Lag and Path Length. They report two dimensions of speed: How long does it take for a human to convert? Yet, this incredible benefit was not a part of YouTube TV’s merchandizing strategy from day one. You should. Add to Basket!
The Unofficial Google Data Science Blog
OCTOBER 12, 2017
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. Make experimentation cheap and understand the cost of bad decisions. This leads to the proliferation of post hoc hypotheses.
Occam's Razor
NOVEMBER 2, 2015
The benefits are numerous. In my Oct 2011 post, Best Social Media Metrics , I'd created four metrics to quantify this value. Economic Value (EcV) is the value of short and long-term revenue and cost savings. The serious point is that when we choose to invest in Social Media, it comes at a cost. The opportunity cost.
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