BA Learnings

AUGUST 7, 2021

Boston Consulting Group conducted a digital transformation study in 2020 to find out why such projects are missing the mark. According to a PMI report, 37% of projects fail because of unset or unclear goals. However, after putting in place infrastructure for this database, you realize you need to improve your data collection methods.

Digital Transformation 130

Digital Transformation Key Performance Indicator Cost-Benefit KPI 130

Occam's Razor

OCTOBER 14, 2014

Couple of other examples of going to your own data to identify your benchmarks. Conversion rate is one of those metrics that I strongly encourage you only create benchmarks for from your own data. Conversion rates reported by asking a group of companies what they are for their company, are hugely suspect.

Key Performance Indicator 133

Key Performance Indicator Metrics Reporting Marketing 133

Occam's Razor

JANUARY 12, 2015

At the core of everything you will do in digital analytics is the concept of metrics. How do you define a metric: It is simply a number. Your digital analytics tools are full of metrics. Helpful post: Best Metrics For Digital Marketing: Rock Your Own And Rent Strategies.]. Now you have your foundation, metrics and KPIs.

Analytics 150

Analytics Slice and Dice KPI Metrics 150

FineReport

AUGUST 17, 2021

Are you still using the traditional cumbersome and redundant data collection methods? Have you ever neglected key indicators because of irrelevant data in your decision-making? Assist decision-making: Digital dashboard is the centralized processing and display of data. Digital dashboard: definition & benefits.

Dashboards 52

Dashboards Cost-Benefit Key Performance Indicator Sales 52

Occam's Razor

SEPTEMBER 15, 2014

They will need two different implementations, it is quite likely that you will end up with two sets of metrics (more people focused for mobile apps, more visit focused for sites). In this post we will look mobile sites first, both data collection and analysis, and then mobile applications. What do you learn from this report?

Metrics 141

Metrics Reporting Analytics Marketing 141

Alation

APRIL 25, 2023

Many governance leaders have found success tracking critical tasks, like number of articles curated or data assets cleaned. Those seeking to make a strong case for efficiency to business leadership might also consider a comparison metric that shows how much time is saved on data discovery and understanding after a data governance initiative.

Data Governance 52

Data Governance Marketing Machine Learning Sales 52

IBM Big Data Hub

MARCH 26, 2024

As we have seen with any sort of external reporting liabilities, this type of accountability does drive action. It’s our responsibility to ensure we don’t just do ESG reporting for the sake of reporting, and that it doesn’t impede actual progress in sustainability.

Measurement 68

Measurement Metrics Strategy Reporting 68

Alation

APRIL 25, 2023

Many governance leaders have found success tracking critical tasks, like number of articles curated or data assets cleaned. Those seeking to make a strong case for efficiency to business leadership might also consider a comparison metric that shows how much time is saved on data discovery and understanding after a data governance initiative.

Data Governance 40

Data Governance Marketing Machine Learning Sales 40

Occam's Razor

APRIL 19, 2010

"What is the difference between a metric and a key performance indicator (KPI)?" " "Are goals metrics?" There seems to be genuine confusion about the simplest, most foundational, parts of web metrics / analytics. Metric: A metric is a number. But not normal metrics. Dimensions.

Metrics 138

Metrics Key Performance Indicator KPI Business Objectives 138

Occam's Razor

MARCH 4, 2008

Customer satisfaction report : You can have this aggregated or segmented by months or weeks. Task completion rate : My all time favorite #1 Web Analytics Metric ( booo conversion rate! ). Your data is yours, there is a very strict privacy policy that governs the storage and access of the data collected.

Measurement 104

Measurement Metrics Consulting Reporting 104

Occam's Razor

MAY 19, 2014

But the problem is that single golden metrics hide valuable insights and, more often than not, drive bad behavior. Here's my proposal: If you are pushed to have a single golden metric, give it a partner. The BFF metric you find should not be one that is very far away. So, great metric. Honestly, who can blame them.

Metrics 159

Metrics Key Performance Indicator Analytics Marketing 159

Occam's Razor

JANUARY 31, 2017

Ten years, and the 944,357 words, are proof that I love purposeful data, collecting it, pouring smart strategies into analyzing it, and using the insights identified to transform organizations. There is only one simple message above, and just two metrics that matter. It can be any of the numerous brand metrics avilable to us.

Visualization 148

Visualization IT Strategy Key Performance Indicator 148

IBM Big Data Hub

SEPTEMBER 11, 2023

This meant that each enhancement recommendation was not only infused with the voice of the stakeholders and end users, but also included strategic business case developments in which AZDCS was able to measure and report upon the impacts to their business.

Data-driven 91

Data-driven IT Measurement Cost-Benefit 91

Occam's Razor

JUNE 6, 2007

Bonus: Interactive CD: Contains six podcasts, one video, two web analytics metrics definitions documents and five insightful powerpoint presentations. Should you hire Consultants (and if so when and what to look for and expect)? Immediately actionable web analytics (your biggest worries covered). What to look for in great web analysts?

Analytics 60

Analytics Metrics Marketing Dashboards 60

Occam's Razor

AUGUST 13, 2012

That means: All of these metrics are off. Jeroen Hesterman: My biggest challenge is this: I've created a data platform which captures all campaign (paid) traffic and can attribute a conversion to each based on whatever model I choose. A lot of people buy tools and consulting and go love crazy with attribution modeling.

Modeling 124

Modeling Metrics Data Quality Data-driven 124

Domino Data Lab

JULY 22, 2019

If you look into the middle bucket, they have three things that they report in common. One is data quality, cleaning up data, the lack of labelled data. Now, working down to the mature part of this, they report two things in common. What do they report in common? You know what? and that gap is widening.

Data Science 109

Data Science Machine Learning Data Governance Modeling 109

Occam's Razor

DECEMBER 12, 2016

My answer was: " Look for these two elements, if they are present then it is worth helping the company with free consulting and analysis. If they are not, no matter how much money or how many Analysts they have, helping them is a waste of time because nothing will live after your consulting is done." All that is great.

Analytics 141

Analytics Data-driven Strategy Consulting 141

Occam's Razor

FEBRUARY 25, 2014

There are three elements to our "big data" efforts, or unhyped normal data efforts: Data Collection, Data Reporting, and Data Analysis. But if the occasion is a strategic discussion, any occasion about taking action on data, then you need to get off data as fast as you can.

Visualization 144

Visualization Key Performance Indicator Dashboards Metrics 144

Occam's Razor

APRIL 21, 2014

Hour-by-hour report please. :)? , But if you would like a quick collection of tips: Multichannel Analytics- Tracking Online Impact Of Offline Campaigns The enabler of tying offline activity to online is ensuring you have a weak or strong primary key. Best Metrics For Digital Marketing: Rock Your Own And Rent Strategies 2.

Marketing Analytics 131

Marketing Analytics Marketing Analytics Measurement 131

Occam's Razor

MARCH 23, 2010

Part of it fueled by some Consultants. Having two tools guarantees you are going to be data collection, data processing and data reconciliation organization. Because every tool uses its own sweet metrics definitions, cookie rules, session start and end rules and so much more. Part of it fueled by Vendors.

Analytics 118

Analytics Consulting Metrics Experimentation 118

Andrew White

JANUARY 9, 2022

First, how we measure emissions and carbon footprint is about data design and policy. For example I would argue that most organizations that report their carbon footrest are not doing it consistently and nor are they doing it correctly. This is the same for scope, outcomes/metrics, practices, organization/roles, and technology.

Analytics 64

Analytics Measurement Modeling Data-driven 64

Domino Data Lab

MARCH 3, 2019

This month, the theme is not specifically about conference summaries; rather, it’s about a set of follow-up surveys from Strata Data attendees. We had big surprises at several turns and have subsequently published a series of reports. Let’s look through some of the insights gained from those reports. Who builds their models?

Data Science 49

Data Science Deep Learning Machine Learning Modeling 49

datapine

AUGUST 29, 2022

Whether you are a complete novice or a seasoned BI professional, you will find here some books on data analytics that will help you cultivate your understanding of this essential field. Before we delve deeper into the best books for data analytics, here are three big data insights to put their relevance and importance into perspective.

Big Data 263

Big Data Data Analytics Analytics Data mining 263

Occam's Razor

MAY 27, 2015

In a recent set of keynotes and consulting engagements in the US, UK and Canada, I've had an overwhelming feeling that in very fundamental ways some companies make imprecise choices when it comes to their digital strategy. Make sure this comes with a commensurate 10/90 investment in smart, really smart analysts (and not report writers).

Marketing Analytics 153

Marketing Analytics Marketing Analytics Advertising 153

Occam's Razor

JANUARY 7, 2014

Consulting. Second… well there is no second, it is all about the big action and getting a big impact on your bottom-line from your big investment in analytics processes, consulting, people and tools. 12: Almost all reporting is off custom reports. #11: 12: Almost all reporting is off custom reports. #11:

Data-driven 140

Data-driven Consulting Reporting Marketing 140

Depict Data Studio

SEPTEMBER 15, 2020

Ten years ago, it was a really big deal to do anything besides a technical report. At a conferene, we stood up and said, “What if we have a technical report but we also have a one-pager for each of the 30 schools in this project? That way, each school can view their own data? I’m not a consultant or a freelancer.

Visualization 105

Visualization Consulting Dashboards Reporting 105

datapine

APRIL 16, 2019

By implementing the right reporting tools and understanding how to analyze as well as to measure your data accurately, you will be able to make the kind of data driven decisions that will drive your business forward. Exclusive Bonus Content: How to be data driven in decision making? 3) Gather data now.

Data-driven 287

Data-driven Dashboards Visualization Cost-Benefit 287

Alation

FEBRUARY 17, 2023

Reichental describes data governance as the overarching layer that empowers people to manage data well ; as such, it is focused on roles & responsibilities, policies, definitions, metrics, and the lifecycle of the data. In this way, data governance is the business or process side. This is a very good thing.

Data Governance 52

Data Governance Data Quality Metadata Cost-Benefit 52

Jet Global

JUNE 30, 2021

A chief executive officer (CEO) key performance indicator (KPI) or metric is a relative performance measure that a CEO will use to make informed decisions. By monitoring financial, operational, and staffing metrics, a CEO is able to identify the strengths and weaknesses of a company and leverage these to their advantage.

Metrics 106

Metrics KPI Dashboards Advertising 106

Jet Global

NOVEMBER 15, 2021

A Tax Key Performance Indicator (KPI) or metric is a clearly defined quantifiable measure that an organization, or business, uses to measure the success of its Tax Function over time. Since every organization has its own manner of operation, the KPIs or metrics used for tax will vary from one organization to another. Download Now.

Metrics 52

Metrics Reporting KPI Risk Management 52

CIO Business Intelligence

JANUARY 20, 2023

According to a recent IDC whitepaper , leaders saw on average two and a half times better results than other organizations in many business metrics. This is called data democratization. An organization might also question if the data should be maintained on-premises due to security concerns in the public cloud.

Data Lake 135

Data Lake Data-driven Finance Data Architecture 135

Jet Global

NOVEMBER 2, 2021

They are often used to get a bird’s eye view of performance and are also known as metrics. University KPIs and metrics will help these education institutions direct their policy formulation and target setting. Effective Data Collection. The most important aspect of good education KPIs lies in effective data collection.

Metrics 52

Metrics Reporting KPI Key Performance Indicator 52

Jet Global

MAY 1, 2023

But many companies fail to achieve this goal because they struggle to provide the reporting and analytics users have come to expect. that gathers data from many sources. that gathers data from many sources. These tools prep that data for analysis and then provide reporting on it from a central viewpoint.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52

Jet Global

DECEMBER 20, 2021

In fact, top-down budgeting is relatively fast and efficient because it requires less up-front data collection and analysis. However, they can sometimes be overly simplistic when compared to a more intentional “bottom-up” approach. While this might work well for startups, it lacks many of the benefits of a capex planning solution.

Software 52

Software Recreation/Entertainment ROI Finance 52