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 362

Marketing Experimentation Metrics Testing 362

datapine

FEBRUARY 9, 2024

The process helps businesses and decision-makers measure the success of their strategies toward achieving company goals. How does Company A measure the success of each individual effort so that it can isolate strengths and weaknesses? The effort is a success, and more customers start pouring in. What happens next?

KPI 221

KPI Management Key Performance Indicator Measurement 221

CIO Business Intelligence

APRIL 4, 2022

It also taught the packing materials manufacturer how to use IT to create an adaptive organization flexible enough to respond to crises and create solutions. We are just starting to come back into the office, but in six months we’ll have a much better measure” of efficiencies gained. “I

Experimentation 133

Experimentation Interactive Business Objectives Manufacturing 133

Dataiku

APRIL 22, 2022

The research confirmed that, even on common AI models, the process can emit more than 626,000 pounds of carbon dioxide equivalent — nearly five times the lifetime emissions of the average American car (and that includes the manufacturing of the car itself). improvement in accuracy versus 0% improvement in accuracy when focusing on the code.

Experimentation 59

Experimentation Modeling Business Objectives Manufacturing 59

FineReport

APRIL 26, 2023

Market Insight : Analyzing big data can help businesses understand market demand and customer behavior. For example, a computer manufacturing company could develop new models or add features to products that are in high demand. E-commerce giants like Alibaba and Amazon extensively use big data to understand the market.

Big Data 52

Big Data Data Analytics Analytics Cost-Benefit 52

Cloudera

JUNE 8, 2021

Investing in upskilling and reskilling is a top priority for most business leaders, and if you find that your team lacks the skills to pull off an IIOT pilot project, jump on that trend and make training an integral part of the pilot project. Define the metrics you are going to use to measure your progress and success.

Manufacturing 84

Manufacturing Digital Transformation Metrics Measurement 84

Anmut

MARCH 24, 2022

Visionary companies like Google and Amazon are renowned for figuring out the transformational power of data, using data-driven business models to achieve extraordinary success. Identify which data is most valuable to your business and prioritise data investment accordingly. Build an evidence-based business case for change.

ROI 52

ROI Measurement Data-driven Data Transformation 52

The Unofficial Google Data Science Blog

JANUARY 14, 2016

As with any enterprise, the goal of the service provider is to better satisfy its users and further its business objectives. Well, it turns out that depending on what it cares to measure, an LSOS might not have enough data. It is certainly true that for any given effect, statistical significance is an SMOD.

Experimentation 41

Experimentation Statistics Metrics Measurement 41

IBM Big Data Hub

AUGUST 11, 2023

Manufacturing execution systems (MES) have grown in popularity across the manufacturing industry. If your manufacturing processes have become more intricate and challenging to manage manually, an MES can help streamline manufacturing operations management, increase efficiency and reduce errors.

Software 72

Software Manufacturing Cost-Benefit ROI 72

CIO Business Intelligence

MAY 13, 2024

Lawrence Bilker can easily articulate the business values that his IT initiatives should deliver: better experiences for both employees and customers, more insights from data to enable smarter decision-making, and more intelligence for improved operations. Bilker’s approach to AI projects at Lift Solutions illustrates those points.

IT 131

IT Digital Transformation ROI Strategy 131

datapine

JANUARY 18, 2023

Businesses use this type of report to spot any issues and define their solutions, or to identify improvement opportunities to optimize their operational efficiency. Operational reports are commonly used in manufacturing, logistics, and retail as they help keep track of inventory, production, and costs, among others.

Reporting 201

Reporting Metrics Dashboards Visualization 201

IBM Big Data Hub

OCTOBER 20, 2023

” When observing its potential impact within industry, McKinsey Global Institute estimates that in just the manufacturing sector, emerging technologies that use AI will by 2025 add as much as USD 3.7 AI technology is quickly proving to be a critical component of business intelligence within organizations across industries.

Machine Learning 78

Machine Learning Manufacturing Cost-Benefit Deep Learning 78

CIO Business Intelligence

FEBRUARY 28, 2024

Intent-driven networking You should align your applications closely with your business objectives to ensure they deliver what you need. Edge computing In industries like manufacturing, the drive towards Industry 4.0 – and talk of 5.0, As we head into 2024, let’s explore 10 network trends that are shaping the digital space.

IoT 52

IoT Digital Transformation Machine Learning Software 52

FineReport

APRIL 11, 2023

Define your objectives : Ensure that the business objectives you intend to analyze, measure, and optimize are well-defined. Operational dashboards Operational dashboards allow continuous monitoring and management of business operations, processes, and equipment.

Dashboards 40

Dashboards Business Intelligence Cost-Benefit Metrics 40

Jet Global

AUGUST 25, 2021

ABB tends to focus on strategic objectives and pays considerably less attention to expenditures that cannot be tied directly to high-level goals. As such, business leaders must be careful not to take the principles of ABB too far.

Recreation/Entertainment 98

Recreation/Entertainment Business Driver Sales Software 98

Jet Global

DECEMBER 7, 2021

These four stages are the “business intelligence cycle.” It starts with defining objectives, proceeds to gathering and organizing information, analyzing it, and setting parameters for measuring and monitoring business performance going forward. Let’s look at these four phases of the business intelligence cycle.

Business Intelligence 52

Business Intelligence Slice and Dice Recreation/Entertainment Reporting 52