DataRobot Blog

SEPTEMBER 1, 2022

The latest McKinsey Global Survey on AI proves that AI adoption continues to grow and that the benefits remain significant. But in the COVID-19 pandemic’s first year, many felt more strongly about the cost-savings front than the top line. Here the DataRobot view shows that the Challenger beats the Champion on some metrics, but not all.

Metrics 145

Metrics Statistics Modeling Data Science 145

datapine

JUNE 15, 2023

Keep reading to find a definition, benefits, examples, and some key best practices to generate them successfully! There is no need to jump from one document to another or drown in infinite spreadsheets. Let’s dive deeper into the benefits below. This time, including valuable forecasts for costs and income.

Reporting 207

Reporting Cost-Benefit Dashboards Sales 207

AWS Big Data

MARCH 27, 2024

By testing the solution against key metrics, a POC provides insights that allow you to make an informed decision on the suitability of the technology for the intended use case. Collect data metrics and statistics on the completed tasks. Analyze the data and then optimize as necessary.

Testing 101

Testing Data Warehouse Metrics Cost-Benefit 101

FineReport

MAY 18, 2024

Benefits of Data Visualization Enhanced Decision-Making : By presenting data visually, individuals can quickly grasp insights and make informed decisions. Education benefits from data visualization by enhancing learning experiences through interactive visual aids.

Visualization 52

Visualization Interactive Cost-Benefit Dashboards 52

CIO Business Intelligence

MARCH 13, 2024

So when on-boarding potential vendors, productivity has increased by 70 to 80% as a result of using gen AI to help analyze masses of documents. “We But the biggest benefit was to new and lower-skilled workers, who saw a 34% improvement. Below-average consultants benefitted the most, with their performance increasing by 43%.

IT 128

IT Consulting Testing Cost-Benefit 128

AWS Big Data

MARCH 25, 2024

Another example is an AI-driven observability and monitoring solution where FMs monitor real-time internal metrics of a system and produces alerts. When the model finds an anomaly or abnormal metric value, it should immediately produce an alert and notify the operator. With a large number of documents, this process can be inefficient.

Data Lake 93

Data Lake Unstructured Data Management Modeling 93

CIO Business Intelligence

MARCH 9, 2023

IT leaders may find that prices are going up without an accompanying increase in benefits, with technology providers — less dependent on any one industry or geography — taking a harder line on deals, says Achint Arora, a partner in the pricing assurance practice at Everest Group. What’s more, technology contracts are often multilayered.

Cost-Benefit 116

Cost-Benefit Risk Uncertainty Technology 116

FineReport

JUNE 7, 2023

This approach is facilitated by project management dashboards, which enable you to monitor, optimize, and enhance project performance while boosting overall team productivity. This, in turn, saves numerous working hours and ultimately reduces costs, all made possible through modern solutions. What Is A Project Management Dashboard?

Dashboards 52

Dashboards Management Visualization Cost-Benefit 52

AWS Big Data

NOVEMBER 16, 2023

In the following sections, we discuss the most common areas of consideration that are critical for Data Vault implementations at scale: data protection, performance and elasticity, analytical functionality, cost and resource management, availability, and scalability.

Enterprise 86

Enterprise Data Warehouse Snapshot Cost-Benefit 86

datapine

JUNE 5, 2019

Business intelligence (BI) is a term that relates to the applications, infrastructure, practices, and tools that empower businesses to access a broad range of analytical data for improvement, campaign optimization , and enhanced decision-making that maximizes performance. The Top 10 Benefits Of Data Dashboards. Legacy Data Solutions.

Dashboards 316

Dashboards KPI Sales Visualization 316

Smart Data Collective

APRIL 10, 2020

Taking control of the data that you have can not only improve information accessibility within your company but provide a range of benefits that can be the driving force behind gaining a competitive advantage in your market. Cut Costs & Improve Efficiency. But how exactly can big data help?

Big Data 137

Big Data Cost-Benefit Metrics Marketing 137

Alation

DECEMBER 9, 2021

Then, we’ll dive into the strategies that form a successful and efficient cloud transformation strategy, including aligning on business goals, establishing analytics for monitoring and optimization, and leveraging a robust data governance solution. What Are the Benefits of Cloud Transformation? Enhanced Cost Management.

Cost-Benefit 52

Cost-Benefit Data Governance Optimization Data Processing 52

DataRobot Blog

MAY 10, 2022

The regulatory guidance presented in these documents laid the foundation for evaluating and managing model risk for financial institutions across the United States. Given this context, how can financial institutions reap the benefits of modern machine learning approaches, while still being compliant to their MRM framework?

Risk 64

Risk Modeling Machine Learning Data Quality 64

CIO Business Intelligence

FEBRUARY 13, 2023

Measure performance of the current process by establishing a data collection plan to determine defects and gather metrics. It’s important to consider performance, cost, implementation demands, and risks or disruptions that may arise. Control the new process to avoid falling into old habits and to ensure it stays on track.

Management 97

Management Statistics Manufacturing Measurement 97

IBM Big Data Hub

AUGUST 28, 2023

These are two common methods for text representation: Bag-of-words (BoW): BoW represents text as a collection of unique words in a text document. Term frequency-inverse document frequency (TF-IDF): TF-IDF calculates the importance of each word in a document based on its frequency or rarity across the entire dataset.

Data mining 57

Data mining Machine Learning Deep Learning Marketing 57

IBM Big Data Hub

JULY 27, 2023

Using EAM data to implement predictive and preventive maintenance programs helps oil and gas companies take a more proactive approach to asset maintenance, reducing unexpected downtime and minimizing costs associated with emergency repairs. Trend #5: The rise of mobile EAM solutions Mobile technology is making EAM more accessible than ever.

Cost-Benefit 59

Cost-Benefit IoT Internet of Things Enterprise 59

CIO Business Intelligence

FEBRUARY 20, 2023

Benefits of Salesforce certifications Salesforce jobs range from the technical (architects, developers, implementation experts) to those related to marketing and sales. According to a study by Indeed.com , 70% of Salesforce developers in the US are satisfied with their salaries given the cost of living in their area.

Consulting 87

Consulting B2B Cost-Benefit Sales 87

CIO Business Intelligence

MAY 1, 2024

Telcos surveyed by McKinsey demonstrated the same blend of optimism and restraint as other industries, with a majority claiming to have cut costs with gen AI, and seen increases in call center agent productivity and improvement in marketing conversion rates with personalized content — both with models deployed in weeks rather than months.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

datapine

JANUARY 18, 2023

A report is a document that presents relevant business information in an organized and understandable format. Businesses use this type of report to spot any issues and define their solutions, or to identify improvement opportunities to optimize their operational efficiency. Let’s get started with a brief report definition.

Reporting 201

Reporting Metrics Dashboards Visualization 201

Jet Global

OCTOBER 7, 2020

Document (e.g., Reporting and analytics solutions from insightsoftware eliminate complexity, reduce cost, and decrease the risk of lengthy implementations. To lower the impact on your IT staff and finance teams, we offer a different approach aimed at significantly reducing costs and time. General Ledger). Reference (e.g.,

Data Warehouse 90

Data Warehouse OLAP Reporting Finance 90

Domino Data Lab

JULY 28, 2021

For example, advances in natural language processing have allowed healthcare professionals to have visits with patients automatically transcribed , reducing time spent on documentation and mitigating ambiguities that may arise long after the patient has left the clinic. Reinforcement learning focuses on optimizing a specific decision.

Data Science 45

Data Science Machine Learning Statistics Deep Learning 45

CIO Business Intelligence

JANUARY 23, 2024

For example, McKinsey suggests five metrics for digital CEOs , including the financial return on digital investments, the percentage of leaders’ incentives linked to digital, and the percentage of the annual tech budget spent on bold digital initiatives. As a result, outcome-based metrics should be your guide.

Measurement 141

Measurement Digital Transformation KPI Metrics 141

IBM Big Data Hub

APRIL 4, 2024

And while enterprise resource planning (ERP) integrates and manages all aspects of a business, BPM focuses on its individual functions—optimizing the organization’s existing, repeatable processes end-to-end. Document-centric BPM is for efficiently managing documents and content—such as contracts—within processes.

Management 59

Management Cost-Benefit Metrics Consulting 59

datapine

JANUARY 21, 2020

As a result, BI can benefit the overall evolution as well as the profitability of a company, regardless of niche or industry. Download here the top benefits cheat sheet, and start reporting! Benefits Of Business Intelligence And Reporting. Let’s see what the crucial benefits are: 1. What Is BI Reporting?

Business Intelligence 259

Business Intelligence Reporting Cost-Benefit Dashboards 259

FineReport

DECEMBER 29, 2021

Metrics dashboards enable you and your team to track the effectiveness of various tactics, campaigns, and processes. These KPI metrics are critical data to analyze and evaluate a company’s sales, human resources, and marketing, and operational activities. Dashboard metrics from FineReport. What is dashboard metrics.

KPI 52

KPI Metrics Dashboards Key Performance Indicator 52

datapine

FEBRUARY 17, 2023

In fact, poor data quality management currently costs businesses a combined total of $9.7 We will discuss the link between these two concepts later in the post, but first, let’s look at some benefits of using white label BI. Below we go into more detail about the key benefits of white label analytics. million per year.

Analytics 191

Analytics Cost-Benefit Dashboards Business Intelligence 191

CIO Business Intelligence

MARCH 5, 2024

Summarizing meetings, emails, and documents Microsoft 365 will set the benchmark on copilot capabilities, given the speed at which it introduced embedded AI assistant features and the platform’s wide user base. Today, top AI-assistant capabilities delivering results include generating code, test cases, and documentation.

Cost-Benefit 124

Cost-Benefit Advertising Experimentation Software 124

datapine

JUNE 29, 2022

Explore our 14 day free trial & benefit from great accounting reports! We will cover this more in detail later in the post with a few financial dashboard examples, but first, let’s look at the main benefits coming from these analytical tools. Your Chance: Want to test accounting reporting software for free? General Ledger.

Visualization 200

Visualization Reporting Cost-Benefit Snapshot 200

AWS Big Data

AUGUST 23, 2023

With managed domains, you can use advanced capabilities at no extra cost such as cross-cluster search, cross-cluster replication, anomaly detection, semantic search, security analytics, and more. OpenSearch Serverless optimizes resource use depending on the type you set. of OpenSearch Project and supported in OpenSearch 2.5

Snapshot 95

Snapshot Dashboards Visualization Metrics 95

AWS Big Data

MAY 16, 2023

In this post, we explore the architecture and the benefits it provides for Zoom and its users. For example, the Personal Information Protection and Electronic Documents Act (PIPEDA) in Canada and the Australian Privacy Act in Australia are similar laws to GDPR, but they may have different retention periods or different exceptions.

Data Lake 71

Data Lake Cost-Benefit Optimization Testing 71

AWS Big Data

OCTOBER 2, 2023

When the structure of the JSON documents and specific reporting requirements are defined, these methods allow for pre-computing a materialized view with the exact structure needed for reporting, with improved compression and sorting for analytics. In the next section, we dive into the optimal approach for deserialization.

Cost-Benefit 88

Cost-Benefit Metadata Structured Data Management 88

IBM Big Data Hub

AUGUST 11, 2023

MES systems can assist managers with process management and process control, helping to facilitate optimal performance of manufacturing. By facilitating optimized production planning and scheduling, these systems ensure efficient resource allocation, workload balancing and on-time deliveries, leading to improved profitability.

Software 72

Software Manufacturing Cost-Benefit ROI 72

datapine

AUGUST 12, 2020

In your daily business, many different aspects and ‘activities’ are constantly changing – sales trends and volume, marketing performance metrics, warehouse operational shifts, or inventory management changes. Benefit from great business reports today! Benefit from great business reports today! Let’s get started.

Reporting 297

Reporting Dashboards Visualization Cost-Benefit 297

CIO Business Intelligence

MAY 28, 2022

Eight years ago, McGlennon hosted an off-site think tank with his staff and came up with a “technology manifesto document” that defined in those early days the importance of exploiting cloud-based services, becoming more agile, and instituting cultural changes to drive the company’s digital transformation.

Insurance 145

Insurance Machine Learning Digital Transformation Cost-Benefit 145

IBM Big Data Hub

OCTOBER 12, 2023

The tasks behind efficient, responsible AI lifecycle management The continuous application of AI and the ability to benefit from its ongoing use require the persistent management of a dynamic and intricate AI lifecycle—and doing so efficiently and responsibly. But the implementation of AI is only one piece of the puzzle.

Cost-Benefit 82

Cost-Benefit Metadata Data Governance Modeling 82

FineReport

APRIL 11, 2023

In this article, we will explore what BI Dashboard is, its key features, benefits and limitations, and best practices and examples. Data Visualizations : Dashboards are configured with a variety of data visualizations such as line and bar charts, bubble charts, heat maps, and scatter plots to show different performance metrics and statistics.

Dashboards 40

Dashboards Business Intelligence Cost-Benefit Metrics 40

IBM Big Data Hub

SEPTEMBER 11, 2023

What makes or breaks the success of a modernization is our willingness to develop a detailed, data-driven understanding of the unique needs of those that we aim to benefit. How to prioritize : Use data to understand what enhancements and capabilities would bring the greatest benefit. frequency (how many occurrences?),

Data-driven 90

Data-driven IT Measurement Cost-Benefit 90