Occam's Razor

JULY 23, 2012

What metrics should I use? and in this post I want to share a really, really simple framework for structuring web analytics consulting contracts. The Web Analytics Consultant Quandary. BB sent this query: If I take on a consulting project then what could be expectations out of me? Data Reporting. Data Analysis.

Consulting 126

Consulting Analytics Reporting Measurement 126

AWS Big Data

DECEMBER 21, 2023

This is a guest post co-written by Alex Naumov, Principal Data Architect at smava. smava believes in and takes advantage of data-driven decisions in order to become the market leader. smava believes in and takes advantage of data-driven decisions in order to become the market leader.

Data Lake 89

Data Lake Data Warehouse Data-driven B2B 89

Occam's Razor

JANUARY 7, 2014

Consulting. First… it is important to realize that big data's big imperative is driving big action. 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.

Data-driven 140

Data-driven Consulting Reporting Marketing 140

Occam's Razor

AUGUST 11, 2014

My last post, perhaps provocatively, called for a reduction of data in executive dashboards (digital, online, offline). More English (IABI, specifically) would lead to a smarter understanding of performance, and of course glory for data practitioners. See: Best Metrics For Digital Marketing: Rock Your Own And Rent Strategies ).

Metrics 147

Metrics Dashboards Key Performance Indicator B2B 147

datapine

MARCH 8, 2021

Rapid technological evolution means it’s now possible to use accessible and intuitive data-driven tools to our advantage. We’ve delved into the impact of big data in healthcare. Without healthcare data reporting, it’s unlikely healthcare institutions will ever reduce these figures to an acceptable level on a sustainable basis.

Reporting 198

Reporting KPI Management Cost-Benefit 198

Smart Data Collective

AUGUST 30, 2022

Companies spent over $240 billion on big data analytics last year. There are many important applications of data analytics technology. Prices must account for the company’s key value metric, cost structure, buyer personas, and other factors like competition. Analytics technology is very important for modern business.

B2B 132

B2B Analytics Cost-Benefit Metrics 132

Occam's Razor

SEPTEMBER 15, 2014

Company UX leaders are happy to stink less by taking the sub-optimal path of responsive design, rather than create a mobile-unique experience (your customers tend to do different things on your desktop site than your mobile site!). In this post we will look mobile sites first, both data collection and analysis, and then mobile applications.

Metrics 141

Metrics Reporting Analytics Marketing 141

datapine

OCTOBER 21, 2020

Big data has changed the way we manage, analyze, and leverage data across industries. One of the most notable areas where data analytics is making big changes is healthcare. In this article, we’re going to address the need for big data in healthcare and hospital big data: why and how can it help?

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

Occam's Razor

DECEMBER 12, 2011

We have access to more data than God wants anyone to have. Thus it is not surprising that we feel overwhelmed, and rather than being data driven we just get paralyzed. In fact a data driven life is sexiest digital life you can imagine. Recommend metrics / KPIs you can use based on the size of your company.

Metrics 151

Metrics Key Performance Indicator Measurement Optimization 151

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.

Metrics 52

Metrics Reporting KPI Risk Management 52

datapine

APRIL 23, 2019

In today’s business world, competition is fierce across all industries and sectors, which means that to survive and thrive, working with measurable online data analysis and performance metrics is essential. Working with service desk metrics and KPI reports will help you make the improvements you need for continual growth and success.

KPI 169

KPI Key Performance Indicator Metrics Snapshot 169

CIO Business Intelligence

OCTOBER 23, 2023

One way they’re doing that is by reimagining the IT function, say management consultants, executive advisors, and CIOs themselves. Organizations that enhance customer experience can boost sales by upwards of 7% and profitability between 1% and 2% , according to management consulting firm McKinsey.

IT 131

IT Consulting Scorecard Key Performance Indicator 131

Jet Global

FEBRUARY 18, 2020

Gary Melling is the President and CEO of Acquired Insights, a firm that designs customized AI applications and tech-driven strategic initiatives. We hear about companies becoming “data-driven.” What’s distinct about working with digital data compared to the insights of the past? Healthcare is another example.

Data-driven 64

Data-driven Machine Learning Cost-Benefit ROI 64

FineReport

JUNE 19, 2023

Operational reports have the potential to greatly enhance business performance through the utilization of data-driven insights. These reports offer a structured and comprehensible representation of data, enabling a clearer understanding of complex issues that might otherwise remain elusive. Why Are Operational Reports Important?

Operational Reporting 52

Operational Reporting Reporting Key Performance Indicator Dashboards 52

IBM Big Data Hub

NOVEMBER 30, 2023

A talent acquisition strategy is a comprehensive plan an organization develops to optimize its talent acquisition—the identification, attraction and retention of the right talent. Measure impact: Use analytics and metrics to assess the effectiveness of branding efforts. This helps create a smoother and more efficient experience.

Strategy 61

Strategy Cost-Benefit Consulting Data-driven 61

AWS Big Data

AUGUST 14, 2023

This post is the first in a series dedicated to the art and science of practical data mesh implementation (for an overview of data mesh, read the original whitepaper The data mesh shift ). Taken together, the posts in this series lay out some possible operating models for data mesh within an organization.

Management 79

Management Risk Measurement Optimization 79

Smarten

APRIL 19, 2024

Benefits include customized and optimized models, data, parameters and tuning. It must be integrated with business systems to leverage available data. This approach does demand skills, data curation, and significant funding, but it will serve the market for third-party, specialized models.

Analytics 57

Analytics Predictive Modeling KPI Machine Learning 57

Cloudera

JANUARY 15, 2021

Cloud data warehouses allow users to run analytic workloads with greater agility, better isolation and scale, and lower administrative overhead than ever before. The results demonstrate superior price performance of Cloudera Data Warehouse on the full set of 99 queries from the TPC-DS benchmark. Overview of Cloudera Data Warehouse.

Data Warehouse 96

Data Warehouse Cost-Benefit Consulting Interactive 96

FineReport

APRIL 9, 2024

Understanding Healthcare BI Tools The Role of Healthcare BI Tools Healthcare BI tools are instrumental in revolutionizing decision-making processes and patient care through the utilization of advanced data analysis and technology.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

CIO Business Intelligence

SEPTEMBER 8, 2023

While appropriate component sizing in TKA and THA is essential to optimizing clinical outcomes, there are instances where the provided patient X-ray during the pre-surgery process has poor image quality, which prevents predicting the right implant part sizing. Models are retrained approximately once per business quarter.

Cost-Benefit 90

Cost-Benefit Machine Learning Metrics Marketing 90

Occam's Razor

JUNE 28, 2010

We have more web metrics and data than there are stars in the universe (slight exaggeration!). A large part of the reason is that a large part of our job seems to consist of glorified data puking, hoping someone will be impressed. After all there is so much data in those reports!! Yet we stink at informing decisions.

Metrics 111

Metrics Key Performance Indicator Data-driven Marketing 111

Smarten

APRIL 21, 2022

Business Users & Data Scientists Benefit from Citizen Data Scientist Initiatives ! A business that does not optimize its resources is doomed to fail. A Citizen Data Scientist training program; will provide a solid foundation from which to launch this initiative and help to build business user confidence.’.

Business Objectives 52

Business Objectives Data-driven Forecasting Optimization 52

AWS Big Data

OCTOBER 26, 2023

times better price-performance than other cloud data warehouses on real-world workloads using advanced techniques like concurrency scaling to support hundreds of concurrent users, enhanced string encoding for faster query performance, and Amazon Redshift Serverless performance enhancements. Amazon Redshift delivers up to 4.9

Data Warehouse 95

Data Warehouse Cost-Benefit Dashboards Optimization 95

IBM Big Data Hub

JANUARY 8, 2024

3 reasons why digital transformation is tied to business strategy A digital transformation journey involves the introduction of new technologies—and business processes related to those technologies—to optimize customer experience and improve relationships with other stakeholders.

Digital Transformation 60

Digital Transformation Strategy Key Performance Indicator Cost-Benefit 60

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

FineReport

MAY 15, 2023

To gain a deeper understanding of their customers, sales representatives are required to work with data, analyze their behavior, and monitor their sales performance. To succeed in the competitive sales industry, sales departments need to have ownership of their pipelines, access to data, and accurate information in real time.

Dashboards 52

Dashboards Sales Metrics KPI 52

IBM Big Data Hub

MARCH 29, 2024

It is incumbent upon the company to optimize that customer’s experience to encourage repeat customers and grow a healthy customer base. Collect customer feedback Collect, analyze and distribute customer data through reviews and surveys. It’s also important to track and analyze social media conversations about your brands.

Strategy 58

Strategy Cost-Benefit Key Performance Indicator Marketing 58

Occam's Razor

OCTOBER 24, 2016

Culture is a stronger determinant of success with data than anything else. Including data. People + Process + Structure] > [Data + Technology]. You want to win big with data, with marketing, with transformative digital yada yada and blah blah, evolve. Step 1: Optimal Metrics. It seems hard to believe.

Metrics 146

Metrics Marketing Optimization Modeling 146

CIO Business Intelligence

JUNE 1, 2022

The company is applying winning insights from rapid, data-driven, evolutionary models versus relying on engine speed and aerodynamics alone to win races. Like professional basketball, industrial-scale farming, national politics, and global merchandising, auto racing has become a data science. Using Data to Generate Simulations.

Manufacturing 101

Manufacturing Digital Transformation Predictive Analytics Strategy 101

CIO Business Intelligence

SEPTEMBER 8, 2022

Most organizations understand the profound impact that data is having on modern business. In Foundry’s 2022 Data & Analytics Study , 88% of IT decision-makers agree that data collection and analysis have the potential to fundamentally change their business models over the next three years. Customers have too many options.

Cost-Benefit 108

Cost-Benefit Internet of Things Data-driven Data Lake 108

IBM Big Data Hub

JUNE 29, 2023

By having real-time data at their fingertips, decision-makers can adjust their strategies, allocate resources accordingly, and capitalize on the unexpected spike in demand, ensuring customer satisfaction while maximizing revenue. Data integration and analytics IBP relies on the integration of data from different sources and systems.

Key Performance Indicator 76

Key Performance Indicator Forecasting Sales Data Integration 76

Alation

OCTOBER 5, 2021

What is data governance and how do you measure success? Data governance is a system for answering core questions about data. It begins with establishing key parameters: What is data, who can use it, how can they use it, and why? Why is your data governance strategy failing? Common data governance challenges.

Data Governance 96

Data Governance Strategy Data Quality Metrics 96

datapine

MAY 21, 2019

“BI is about providing the right data at the right time to the right people so that they can take the right decisions” – Nic Smith. Data analytics isn’t just for the Big Guys anymore; it’s accessible to ventures, organizations, and businesses of all shapes, sizes, and sectors. And the success stories are seemingly endless.

Business Intelligence 183

Business Intelligence Cost-Benefit Dashboards ROI 183

Occam's Razor

JULY 24, 2018

work (collection, processing, reporting, analysis), processes, org structure, governance models, last-mile gaps , metrics ladders of awesomeness , and… so… much… more. Remember, tools, work, processes, org structure, governance models, last-mile gaps, metrics ladders of awesomeness, and… so… much… more. The Implications of Complexity.

Analytics 93

Analytics Metrics Strategy Measurement 93

Sisense

NOVEMBER 5, 2020

This has led to an explosion of data: Organizations of all kinds have a larger number of programs and applications feeding them more information, covering a wider array of metrics, than ever before. Evolve to correlate data across systems. HR professionals are the key to connecting human reality with key learnings from data.

People Analytics 85

People Analytics Analytics Digital Transformation Metrics 85

Occam's Razor

APRIL 30, 2018

If you consider the largest pieces, there is the internal (you, the company) and the external (agencies, consultants). to solve for your little piece and optimize for a local maxima. The teams naturally gravitate towards optimization and measurement that spans their individual mini-universes. You win (bonus/promotion/award).

Advertising 117

Advertising Metrics Measurement Insurance 117

CIO Business Intelligence

APRIL 19, 2022

In recent times, the phrase “data is the new oil” has become an overused cliché. However, while it has helped create awareness around the value of data, many companies are still struggling to realise the full potential from the data they’re accumulating. This is known as data traction. Mining for gold. Thrivers v.

Digital Transformation 55

Digital Transformation Data mining Strategy Insurance 55