Corinium

JUNE 6, 2019

Regulations and compliance requirements, especially around pricing, risk selection, etc., What do you recommend to organizations to harness this but also show a solid ROI? What are you most looking forward to about CDAOI Insurance 2019? present a significant barrier to adoption of the latest and greatest approaches.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

Smart Data Collective

JUNE 3, 2021

According to a study by Capgemini (2019), 34% of respondents from insurance companies confirm the use of machine learning (AI) in operations. If a customer has already filed multiple complaints with the insurer, it could mean they are at risk of churn. Huge databases and standardized processes are widely used in the insurance sector.

Insurance 98

Insurance Machine Learning Cost-Benefit Risk 98

Smart Data Collective

NOVEMBER 25, 2021

College students are often believed to be least at risk, because they are more tech-savvy and presumably know how to stop data breaches. Since they use the Internet a lot more than their older peers, they might actually be at an even higher risk. Why Are College Students at Risk of Online Threats?

Big Data 98

Big Data Risk Data-driven ROI 98

Smart Data Collective

JANUARY 14, 2021

In 2019, Forbes published an article showing that machine learning can increase productivity of the financial services industry by $140 billion. While this obviously means that there is more risk, it also gives more informed investors a chance to beat market benchmarks. Every individual investor has their own set of objectives.

Predictive Analytics 83

Predictive Analytics Forecasting Analytics Machine Learning 83

BizAcuity

APRIL 25, 2022

From 2009 to 2019, in a span of 10 years, the United States tripled its gross gaming revenue from $34.3 The casino operators are expected to face known challenges of rising competition, decreasing ROI, and a high churn rate. ROI is sacrosanct for a casino business. No ROI, no investment. billion to almost $100 billion.

Marketing 52

Marketing Strategy ROI Digital Transformation 52

Smart Data Collective

JUNE 15, 2022

trillion in 2019? This tailored method outperforms allocating advertising expenditures over a variety of channels without analyzing each channel’s performance in terms of ROI and client acquisition cost. Retailers who want to prosper in the future months and even years can’t risk making choices without using data.

Advertising 99

Advertising Cost-Benefit ROI Sales 99

CIO Business Intelligence

NOVEMBER 7, 2022

Panorama Consulting Solutions, which regularly surveys businesses on the outcomes of their ERP projects, shows in its 2022 report that 81% of projects met ROI expectations a year or more after go-live. While we weren’t naïve to the risk of disruption to the business, the extent and magnitude was greater than we anticipated.”

Manufacturing 128

Manufacturing Cost-Benefit Sales Consulting 128

O'Reilly on Data

MARCH 31, 2020

Because it’s so different from traditional software development, where the risks are more or less well-known and predictable, AI rewards people and companies that are willing to take intelligent risks, and that have (or can develop) an experimental culture. What delivers the greatest ROI? How do you select what to work on?

Management 332

Management Machine Learning Experimentation Metrics 332

erwin

DECEMBER 20, 2018

Whether implemented as preventative measures (risk management and regulation) or proactive endeavors (value creation and ROI), the benefits of a data governance initiative is becoming more apparent. The driving factors behind data governance adoption vary. Data governance’s importance has become more widely understood.

Data Governance 40

Data Governance ROI Risk Management Metadata 40

Jet Global

SEPTEMBER 1, 2020

In its 2019 Emerging Trends in Real Estate report , PWC advises real estate management companies to innovate. The classical approach to mitigating risk, of course, is diversification. How can we allocate staff time or other overhead when assessing the ROI of new initiatives? Shared office space is not the only example, though.

Finance 52

Finance Marketing ROI Reporting 52

Anmut

NOVEMBER 10, 2020

Heavyweights like BP, Shell and Total have all recently announced radical decarbonisation programmes, with BP reporting that global oil demand may have peaked in 2019. All this data on asset condition helps Ørsted model predictive maintenance, maximising data ROI and further reducing costs by preventing unexpected disruptions.

Forecasting 52

Forecasting Data-driven Advertising ROI 52

Insight

FEBRUARY 19, 2020

Using variability in machine learning predictions as a proxy for risk can help studio executives and producers decide whether or not to green light a film project Photo by Kyle Smith on Unsplash Originally posted on Toward Data Science. In 2019, Netflix alone released 371 new TV shows and movies. ROI = Profit/Budget).

Risk 67

Risk ROI Modeling Metrics 67

John Wheeler

NOVEMBER 25, 2020

Integrated risk management (IRM) technology is uniquely suited to address the myriad of risks arising from the current crisis and future COVID-19 recovery. Re-starting business operations will require risk visibility not only across the organization but vertically down through the organization as well. Key Findings.

Marketing 110

Marketing Risk Management Risk Digital Transformation 110

Corinium

APRIL 25, 2019

For example, P&C insurance strives to understand its customers and households better through data, to provide better customer service and anticipate insurance needs, as well as accurately measure risks. Life insurance needs accurate data on consumer health, age and other metrics of risk. Now, there is a data risk here.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

Domino Data Lab

FEBRUARY 4, 2019

This edition of the conference will be held May 23–24, 2019 in NYC, where we’ll focus on data science as a team sport: leadership , practices , how teams work. Eric’s article describes an approach to process for data science teams in a stark contrast to the risk management practices of Agile process, such as timeboxing. ethics in AI.

Data Science 66

Data Science Experimentation Data-driven Machine Learning 66

Domino Data Lab

AUGUST 8, 2019

Sci Foo 2019. provides ways to kill 2-3 birds with one stone: better recommendations for people leveraging that data, along with better data governance, along with better ROI on research funding. For example, meeting Carole Goble was one of the top highlights of Sci Foo 2019 for me. Do those concerns sound familiar?

Data Science 71

Data Science Machine Learning Data Governance Statistics 71

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

The ROI of human involvement When it comes to human involvement, the key difference is in the magnitude of costs associated with any one forecast cycle. This defines the ROI on the investment of human time. It provides the occasion for deeper exploration of which inputs that can be influenced and which risks can be proactively managed.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

Domino Data Lab

MAY 8, 2019

That’s a risk in case, say, legislators – who don’t understand the nuances of machine learning – attempt to define a single meaning of the word interpret. Given how so much of IT gets driven by concerns about risks and costs, in practice auditability tops the list for many business stakeholders. How fast can the model be trained?

Machine Learning 105

Machine Learning Data Science Modeling Visualization 105

Smart Data Collective

DECEMBER 19, 2019

© Statista 2019 Also, here is a list of some other stats. According to the CTO of McAfee, it is very unfortunate that AI provides cybercriminals with the right tools to enjoy a great ROI. The feedback gathered from the respondents pointed out the following potential risks associated with implementing AI to handle cybersecurity threats.

Machine Learning 61

Machine Learning Reporting Testing Marketing 61

Domino Data Lab

MARCH 3, 2019

Evolving Data Infrastructure: Tools and Best Practices for Advanced Analytics and AI (Jan 2019). AI Adoption in the Enterprise: How Companies Are Planning and Prioritizing AI Projects in Practice (Feb 2019). By November 2018, 43% reported that they planned to incorporate AutoML into their workflows sometime in 2019.

Data Science 49

Data Science Deep Learning Machine Learning Modeling 49

Smart Data Collective

JUNE 26, 2019

Or, dark data could open your company to regulatory risks if you cannot retrieve requested information during an audit. Instead of being overly concerned about the business investment required for that software, think of the risks to your company if you continue to ignore your unclassified data and the blind spots it causes.

ROI 102

ROI Statistics Machine Learning Measurement 102

Alation

FEBRUARY 1, 2022

A new research report by Ventana Research, Embracing Modern Data Governance , shows that modern data governance programs can drive a significantly higher ROI in a much shorter time span. Menninger states that modern data governance programs can provide a more significant ROI at a much faster pace. By Arshkrit Chowdhury, Guest Author.

Data Lake 52

Data Lake Data Governance ROI Cost-Benefit 52

Depict Data Studio

SEPTEMBER 17, 2019

His experience includes evaluation and outcomes studies, ROI analysis, IBNR determination, predictive modeling, risk adjustment methodologies, advanced data visualization, dashboard design and implementation, database development and management, and identifying and evaluating trends and forces in data. Courses always sell out.

Visualization 40

Visualization Consulting Dashboards Reporting 40

Andrew White

JANUARY 11, 2021

Some data is more a risk than valuable. Risk Management (most likely within context of governance). See: Use Infonomics to Quantify Data Monetization Risks and Establish a Data Security Budget. Saul Judah is our main person focusing on D&A risk management. Would really like to explore this one in debate. Governance.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Jet Global

MAY 28, 2019

In the business landscape of 2019, data is the only currency that matters. The good news is, nowadays you can find business intelligence solutions with pre-built data warehouses to eliminate complexity, significantly reduce cost, and decrease risk. Enhancing a Data Warehouse with Cubes.

Data Warehouse 85

Data Warehouse Reporting Business Intelligence Sales 85

Jet Global

MAY 1, 2023

Return on Investment Now we bring it all together to calculate the ROI on embedded analytics. Costs: The investment in developing and maintaining the solution. “-1”: The formula assures that a positive ROI is achieved only when benefits exceed the costs. The formula looks like this: ($750k / $250k) = 3, so the ROI is 200 percent.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52