DataRobot Blog

MAY 26, 2022

What are some steps that the modeler/validator must take to evaluate the model and ensure that it is a strong fit for its design objectives? Evaluating ML models for their conceptual soundness requires the validator to assess the quality of the model design and ensure it is fit for its business objective.

Risk 52

Risk Modeling Metrics Business Objectives 52

Rocket-Powered Data Science

FEBRUARY 15, 2023

First, don’t do something just because everyone else is doing it – there needs to be a valid business reason for your organization to be doing it, at the very least because you will need to explain it objectively to your stakeholders (employees, investors, clients).

Strategy 290

Strategy Experimentation Uncertainty Machine Learning 290

CIO Business Intelligence

NOVEMBER 13, 2023

Failure to align technology capabilities with business goals can result in a wasted investment in technology that doesn’t support business objectives. Transformational leaders must ensure their organizations have the right systems and processes in place to collect, store, and analyze data effectively.

Digital Transformation 143

Digital Transformation Cost-Benefit Experimentation Measurement 143

O'Reilly on Data

JULY 28, 2020

These measures are commonly referred to as guardrail metrics , and they ensure that the product analytics aren’t giving decision-makers the wrong signal about what’s actually important to the business. When a measure becomes a target, it ceases to be a good measure ( Goodhart’s Law ). Any metric can and will be abused.

Marketing 363

Marketing Experimentation Metrics Testing 363

FineReport

APRIL 9, 2024

Moreover, BI platforms provide the means for organizations to harness their data assets effectively, leading to improved customer satisfaction through personalized services and targeted marketing initiatives. This framework ensures that data remains accurate, consistent, and secure across all levels of the organization.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

Alation

MARCH 14, 2023

It should make data available, maintain data consistency and accuracy, and support data security. Gartner describes it as ‘ a highly dynamic process employed to support the acquisition, organisation, analysis, and delivery of data in support of business objectives ’. Why is a data strategy important?

Data Strategy 52

Data Strategy Strategy Metadata Data Quality 52

FineReport

APRIL 26, 2023

To choose the right big data analytics tools, it is important to consider various factors specific to the business. Here are some key factors to keep in mind: Understanding business objectives : It is important to identify and understand the business objectives before selecting a big data tool.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52