CIO Business Intelligence

MARCH 14, 2022

In How to Measure Anything , Douglas Hubbard offers an alternative definition of “measurement” to the Oxford English Dictionary’s “the size, length, or amount of something.” Hubbard defines measurement as: “A quantitatively expressed reduction of uncertainty based on one or more observations.”. but how deep is that coverage?

Uncertainty 89

Uncertainty Measurement Cost-Benefit Optimization 89

Rocket-Powered Data Science

DECEMBER 16, 2018

So, you start by assuming a value for k and making random assumptions about the cluster means, and then iterate until you find the optimal set of clusters, based upon some evaluation metric. See the related post for more details about the cold start challenge. This is the meta-learning phase. How many hidden layers should there be?

Machine Learning 203

Machine Learning Metrics Optimization Data Science 203

CIO Business Intelligence

MAY 29, 2024

AI holds promise in aiding researchers to discover more efficient energy sources such as nuclear fusion, optimize the utilization of current energy sources through enhanced power distribution, and measure the ramifications of CO2 emissions by analyzing climate patterns. “AI AI will benefit humanity in many ways,” says Koushik.

Cost-Benefit 81

Cost-Benefit Measurement Reporting Modeling 81

CIO Business Intelligence

AUGUST 18, 2023

Clearly define measurable desired outcomes The third rule of Vested sourcing partnerships is that, to become the beacon for success, desired outcomes must be clearly defined and measured. So when you break a process down into small parts, it is easy to fall into measurement minutiae.

Measurement 92

Measurement Modeling Risk Management 92

Occam's Razor

SEPTEMBER 29, 2009

One of the ultimate excuses for not measuring impact of Marketing campaigns is: "Oh, that's just a branding campaign." It is criminal not to measure your direct response campaigns online. I also believe that a massively under appreciated opportunity exists to truly measure impact of branding campaigns online.

Measurement 128

Measurement Metrics Analytics Marketing 128

Occam's Razor

MARCH 26, 2008

Part of me is glad because my book and the Trinity strategy and the Web Analytics 2.0 mindset all stress the importance of measuring Outcomes. Hence my recommendation: Focus on measuring your macro (overall) conversions, but for optimal awesomeness identify and measure your micro conversions as well.

Measurement 121

Measurement Analytics Metrics Optimization 121

O'Reilly on Data

JULY 28, 2020

Ethics and Data Science is a short book that helps developers think through data problems, and includes a checklist that team members should revisit throughout the process. If this sounds fanciful, it’s not hard to find AI systems that took inappropriate actions because they optimized a poorly thought-out metric.

Marketing 362

Marketing Experimentation Metrics Testing 362

FineReport

JUNE 7, 2024

Innovations in 2024 Enhanced Data Security Measures: In 2024, Tableau will introduce enhanced data security measures to ensure the protection of sensitive information and compliance with data regulations. Embrace FanRuan’s transformative technologies to elevate your data visualization experience to unprecedented heights!

Visualization 52

Visualization Predictive Analytics Dashboards Predictive Modeling 52

Smart Data Collective

JANUARY 11, 2023

So if your landscaping company is still struggling to book clients, then you should consider changing your business approach it is the only way to stay competitive in the industry. You can use analytics to measure the engagement of your video content and optimize it accordingly. Use AI for Content Marketing.

Data-driven 98

Data-driven Marketing Advertising Big Data 98

CIO Business Intelligence

DECEMBER 20, 2023

For example, Uber and Zomato use a deep learning algorithm that considers driver location and overall ratings while mapping them to particular orders/bookings. Implementing robust security measures fosters trust, nurtures customer loyalty, and strengthens brand reputation.

Software 101

Software Deep Learning B2B Cost-Benefit 101

CIO Business Intelligence

MAY 16, 2024

The agency uses a set of indicators based on the European Commission’s ESG KPIs, and adapted to the real estate world to measure activity impact. Think of the patient who has to book or download referrals online, the healthcare professional who has to interface with the systems, or the administrative staff.

Digital Transformation 92

Digital Transformation Data-driven Cost-Benefit Management 92

Cloudera

OCTOBER 20, 2021

What are the key climate risk measurements and impacts? How do institutions protect and optimize their balance sheets and portfolios? Understanding a firm’s exposure to climate risk begins with creating scenarios and gaining better visibility to the impact of a variety of variables on the book of business. Generate Scenarios.

Risk 83

Risk Modeling Risk Management Measurement 83

Smart Data Collective

NOVEMBER 26, 2021

With it, you can measure your key performance indicators quickly and more objectively than traditional methods. Now more than ever, creating optimal consumer experiences is important to drive more business traffic and win more sales. This marketing system is goal-oriented and targeted. Holistic Customer Experience. Lead Generation.

Marketing 110

Marketing Data Analytics Key Performance Indicator Analytics 110

FineReport

JUNE 19, 2023

By accessing visually engaging interactive insights, you can enhance your decision-making processes to optimize your operations. Identifying areas for enhancement : By utilizing operational reports to track key performance indicators (KPIs), businesses can pinpoint areas that are underperforming and take necessary measures to improve them.

Operational Reporting 52

Operational Reporting Reporting Key Performance Indicator Dashboards 52

Occam's Razor

NOVEMBER 13, 2009

I am absolutely thrilled that my book Web Analytics 2.0 The waterfall of positive feeling stems from the fact that this book was very hard to write. I only had one job, at Intuit, when I wrote my first web analytics book. The Pitch: I invite you to consider buying my second web analytics book. Request for help.

Analytics 71

Analytics Metrics Measurement Testing 71

FineReport

MAY 18, 2024

Box and Whisker Plots Boxplots and whisker plots offer a visual summary of the distribution of numerical data by displaying key statistical measures such as median, quartiles, and outliers. To ensure optimal communication of data, professionals must carefully consider the nature of the information being presented and the intended audience.

Visualization 52

Visualization Interactive Cost-Benefit Dashboards 52

IBM Big Data Hub

APRIL 20, 2023

An efficient sustainable supply chain process with optimized CO2 footprint is an enterprise requirement as well as a societal need. It requires a combination of capabilities around process optimization. A Process Mining exercise drawing data from enterprise SAP has helped measure KPI performance and define the transformation roadmap.

KPI 66

KPI Consulting Finance Enterprise 66

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 57

Cost-Benefit Finance Optimization Key Performance Indicator 57

IBM Big Data Hub

DECEMBER 13, 2023

Predictive maintenance measures asset performance then correlates data anomalies or creates analogies with similar performance data to determine the best approaches for inspections and maintenance. The only way to improve first time fix rates is to optimize tools inventory and repair job plans based on an understanding of failure modes.

Cost-Benefit 63

Cost-Benefit Optimization Strategy Risk 63

CIO Business Intelligence

OCTOBER 20, 2023

Nearly 40% of the company’s business processes have now been digitized, and filing claim time — a key measure of customer satisfaction — has been reduced from four minutes to 43 seconds, according to the company. It wasn’t built to run on premise.”

Digital Transformation 135

Digital Transformation Insurance Recreation/Entertainment Machine Learning 135

datapine

MARCH 8, 2021

Healthcare reports, or healthcare reporting, are a data-driven means of benchmarking the performance of specific processes or functions within a healthcare institution, with the primary aim of increasing efficiency, reducing errors, and optimizing healthcare metrics. Patient satisfaction is of vital importance, so it’s worth measuring.

Reporting 198

Reporting KPI Management Cost-Benefit 198

CIO Business Intelligence

DECEMBER 21, 2023

She is also mindful of security: “Is it too adventurous to book the ticket through an unfamiliar travel agency, or should I book through the airline itself?” However, one common measure can be applied for all carriers: Do not touch (store, process, or transmit) any payment card data to begin with. [1] she wonders.

Measurement 52

Measurement Risk Management Risk Management 52

O'Reilly on Data

NOVEMBER 13, 2018

Below are the top search topics on our training platform: Beyond “search,” note that we’re seeing strong growth in consumption of content related to ML across all formats—books, posts, video, and training. There are also many important considerations that go beyond optimizing a statistical or quantitative metric.

Machine Learning 220

Machine Learning Risk Management Statistics 220

IBM Big Data Hub

MAY 14, 2024

That said, they do need to understand how to measure the business value created from generative AI across the organization while also using the technology to augment their own skills and capabilities. Get the book: The CEO’s Guide to Generative AI The post The CFO’s role in the age of generative AI appeared first on IBM Blog.

Finance 69

Finance Cost-Benefit Reporting Forecasting 69

CIO Business Intelligence

JUNE 17, 2022

One example use case: Rapid re-calculation pricing for a large book of trades done in parallel and more efficiently using the quantum computing ecosystem. Quantum-enabled traffic optimization avoids that problem by calculating all possibilities at once. What would success look like for Wells Fargo? “It Can I do multiple simulations?

Measurement 116

Measurement Technology Enterprise Optimization 116

Occam's Razor

APRIL 8, 2013

Sometimes, we escape the clutches of this sub optimal existence and do pick good metrics or engage in simple A/B testing. This thought was in my mind as I was reading Lean Analytics a new book by my friend Alistair Croll and his collaborator Benjamin Yoskovitz. You're choosing only one metric because you want to optimize it.

Metrics 156

Metrics KPI Analytics Key Performance Indicator 156

Paul Blogs on BI

SEPTEMBER 6, 2022

Your reports/dashboards will not run any faster in Power BI unless steps are taken to optimize things on the data side. If speed is a factor in your decision to move to Power BI, first explore data optimization options with your current setup and tools before doing any report conversions to Power BI.

Dashboards 52

Dashboards Consulting Reporting Measurement 52

BizAcuity

JULY 7, 2020

A crucial part of business recovery is to show and reassure people that all the precautionary measures are being taken to ensure safety. By adopting such measures, casinos can enable a safe environment and in turn, gain the confidence of the players. These are just a few examples, but the avenues for digital integration are endless.

Revenue Optimization 98

Revenue Optimization Measurement Interactive Marketing 98

Juice Analytics

MARCH 30, 2021

Here’s the framework we first outlined in our book Data Fluency : Data fluency is a web of connected elements. The author must decide what data is most important to focus on to answer the questions at hand, and how to optimally harness and depict data to inform thinking and action. Effective communication with data is a rare skillset.

Cost-Benefit 131

Cost-Benefit Statistics Metrics Dashboards 131

erwin

JUNE 26, 2020

Data catalogs combine physical system catalogs, critical data elements, and key performance measures with clearly defined product and sales goals in certain circumstances. You also can manage the effectiveness of your business and ensure you understand what critical systems are for business continuity and measuring corporate performance.

Metadata 132

Metadata Cost-Benefit Measurement Data-driven 132

Smart Data Collective

MARCH 28, 2022

Businesses can use it to optimize their performance. They can be again classified as random testing and optimization. Similarly, regular assessment of data will also help to implement corrective measures at the appropriate time and will help the teachers to have a better understanding of learning gaps.

Data Analytics 84

Data Analytics Software Analytics Statistics 84

FineReport

JUNE 14, 2023

Key Performance Indicators (KPIs) serve as vital metrics that help measure progress towards business goals. What is a KPI report？ A KPI report, also known as KPI reporting, serves as a management tool for measuring, organizing, and analyzing the primary key performance indicators that are vital to a business.

KPI 52

KPI Reporting Key Performance Indicator Sales 52

CIO Business Intelligence

MAY 16, 2022

ITIL has gone through several revisions in its history and currently comprises five books, each covering various processes and stages of the IT service lifecycle. The books contain recommendations and a framework that can help organizations standardize their service management processes. What’s in the ITIL? History of ITIL.

IT 103

IT Cost-Benefit ROI Risk 103

CIO Business Intelligence

OCTOBER 23, 2023

Over the years CIOs often went with a lift-and-shift strategy, moving their legacy applications from on-premises servers to the cloud without reengineering them for optimal performance in the new environment, Jain explains. Organizations should optimize IT ops by bringing in automation to continuously look for cost reduction opportunities.

IT 134

IT Consulting Scorecard Key Performance Indicator 134

DataRobot

FEBRUARY 10, 2021

In the section about tabular datasets, the authors use the Blue Book for Bulldozers problem, the goal of which is to predict the sale price for heavy equipment at auction. Accuracy is a measurement for assessing the predictive performance of a model (basically, the percentage of predictions that are correct). The fast.ai Conclusion.

Modeling 98

Modeling Deep Learning Machine Learning Testing 98

Edwin Chen

OCTOBER 6, 2014

How do you measure its quality, to make sure that it's sending users relevant and personalized content? Metrics like CTR, or even number of favorites and retweets, will probably optimize for showing quick one-liners and pictures of funny cats. Is CTR a good measure? Take Google's search engine. What about revenue?

Metrics 79

Metrics Measurement Machine Learning Testing 79

CIO Business Intelligence

JULY 20, 2023

But in business, evaluating employees based on how busy they are isn’t necessarily an effective measure of performance. For the CIO, unlocking value means making sure that everyone is in the right seat on the right bus so they can contribute optimally, not maximally.” Others agree. This utterly destroys innovation.”

Measurement 75

Measurement Metrics Management Optimization 75