IBM Big Data Hub

DECEMBER 5, 2023

With the rise of highly personalized online shopping, direct-to-consumer models, and delivery services, generative AI can help retailers further unlock a host of benefits that can improve customer care, talent transformation and the performance of their applications. The impact of these investments will become evident in the coming years.

Unstructured Data 95

Unstructured Data Cost-Benefit Experimentation Machine Learning 95

CIO Business Intelligence

FEBRUARY 22, 2024

With the aim to accelerate innovation and transform its digital infrastructures and services, Ferrovial created its Digital Hub to serve as a meeting point where research and experimentation with digital strategies could, for example, provide new sources of income and improve company operations.

IT 104

IT Digital Transformation IoT Cost-Benefit 104

O'Reilly on Data

JULY 28, 2020

It’s often difficult for businesses without a mature data or machine learning practice to define and agree on metrics. Without clarity in metrics, it’s impossible to do meaningful experimentation. Experimentation should show you how your customers use your site, and whether a recommendation engine would help the business.

Marketing 362

Marketing Experimentation Metrics Testing 362

Cloudera

JANUARY 30, 2019

Data scientists require on-demand access to data, powerful processing infrastructure, and multiple tools and libraries for development and experimentation. To move beyond laptop experimentation to impacting the business, data teams also need seamless sharing and native integration with the production data platform. Sound familiar?

Data Science 75

Data Science Machine Learning Experimentation Cost-Benefit 75

Corinium

JUNE 6, 2019

For instance, for a variety of reasons, in the short term, CDAOS are challenged with quantifying the benefits of analytics’ investments. There is usually a steep learning curve in terms of “doing AI right”, which is invaluable. It is also important to have a strong test and learn culture to encourage rapid experimentation.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

Smart Data Collective

JULY 9, 2023

One benefit is that they can help with conversion rate optimization. This article is going to provide some great insights on developing strategies for unlocking additional value from an online business, which can do a lot to boost revenue and catapult the enterprise to new heights. billion on analytics last year.

Optimization 74

Optimization Data Analytics Analytics Data-driven 74

CIO Business Intelligence

OCTOBER 1, 2022

The partners say they will create the future of digital manufacturing by leveraging the industrial internet of things (IIoT), digital twin , data, and AI to bring products to consumers faster and increase customer satisfaction, all while improving productivity and reducing costs. The power of people.

Manufacturing 145

Manufacturing Digital Transformation IoT Internet of Things 145

AWS Big Data

JANUARY 9, 2024

2023 was a year of rapid innovation within the artificial intelligence (AI) and machine learning (ML) space, and search has been a significant beneficiary of that progress. However, not all customers who have the opportunity to benefit from k-NN have adopted it, due to the significant engineering effort and resources required to do so.

Cost-Benefit 97

Cost-Benefit Visualization Modeling Machine Learning 97

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. 46% of survey respondents in 2024 showed a preference for open source models.

Cost-Benefit 97

Cost-Benefit Modeling Manufacturing Interactive 97

Domino Data Lab

AUGUST 6, 2021

With a framework and Enterprise MLOps, organizations can manage data science at scale and realize the benefits of Model Risk Management that are received by a wide range of industry verticals. Wikipedia defines MLOps as being the “set of practices at the intersection of Machine Learning, DevOps, and Data Engineering.”

Risk Management 64

Risk Management Risk Modeling Enterprise 64

Sisense

MARCH 26, 2021

Companies surveyed by Harvard Business Review Analytic Services (HBR) report that two of the most important strategic benefits of using data analytics are (1) identifying new revenue and business models and (2) becoming more innovative. Newly published research shows that companies aren’t getting the most out of their analytics.

Analytics 98

Analytics Data-driven Dashboards Experimentation 98

Occam's Razor

JUNE 4, 2018

Present a yummy spreadsheet that quantifies the cost of inaction , how much money you’ll lose by not delivering a 25% improvement every week. Speaking of the Four Seasons, consider how sad their nudging strategy is vs. the one that booking.com has on display: All the data you need for this nudge… You already have. Welcome to Nudging.

Strategy 124

Strategy Cost-Benefit Testing Sales 124

Insight

MARCH 27, 2019

It utilizes Bayesian optimization for discovering data augmentation strategies tailored to your image dataset. To address this problem, Google published AutoAugment last year, which discovers optimized augmentations for the given dataset using reinforcement learning. DeepAugment is an AutoML tool focusing on data augmentation.

Optimization 75

Optimization Cost-Benefit Modeling Strategy 75

CIO Business Intelligence

APRIL 24, 2024

The first use of generative AI in companies tends to be for productivity improvements and cost cutting. But there are only so many costs that can be cut. CIOs are well positioned to cut costs since they’re usually well acquainted with a company’s digital processes, having helped set them up in the first place.

Sales 128

Sales Finance Experimentation Cost-Benefit 128

O'Reilly on Data

SEPTEMBER 15, 2020

AI Benefits and Stakeholders. AI is a field where value, in the form of outcomes and their resulting benefits, is created by machines exhibiting the ability to learn and “understand,” and to use the knowledge learned to carry out tasks or achieve goals. They are business stakeholders, customers, and users.

Cost-Benefit 293

Cost-Benefit Advertising ROI Machine Learning 293

CIO Business Intelligence

OCTOBER 4, 2023

Generative AI is just more far-reaching than traditional AI or machine learning, so the opportunities for disasters have grown,” says Bret Greenstein, partner and leader of the gen AI go-to-market strategy at PricewaterhouseCoopers. Ballooning costs The most popular gen AI chatbots are free to the public.

Cost-Benefit 141

Cost-Benefit Manufacturing Machine Learning Experimentation 141

IBM Big Data Hub

OCTOBER 20, 2023

Artificial intelligence platforms enable individuals to create, evaluate, implement and update machine learning (ML) and deep learning models in a more scalable way. AutoML tools: Automated machine learning, or autoML, supports faster model creation with low-code and no-code functionality.

Machine Learning 80

Machine Learning Manufacturing Cost-Benefit Deep Learning 80

CIO Business Intelligence

APRIL 18, 2022

Organizations that continued full speed ahead with their digital transformation initiatives during the COVID-19 pandemic are able to ruminate on what went right and what they would have done differently, with the benefit of hindsight. Rich Nanda, US strategy and analytics offerings leader, Deloitte Consulting. Deloitte Consulting. “In

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145

Domino Data Lab

JUNE 23, 2019

Pete Skomoroch ’s “ Product Management for AI ”session at Rev provided a “crash course” on what product managers and leaders need to know about shipping machine learning (ML) projects and how to navigate key challenges. Be aware that machine learning often involves working on something that isn’t guaranteed to work.

Management 110

Management Machine Learning Experimentation Metrics 110

Corinium

APRIL 25, 2019

Most of my days focus on understanding what’s happening in the market, defining overall product strategy and direction, and translating into execution across the various teams. Machine learning can keep up, by continually looking for trends and anomalies, or predictive analytics, that are interesting for the given use case.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

AWS Big Data

NOVEMBER 14, 2023

With data streaming, you can power data lakes running on Amazon Simple Storage Service (Amazon S3), enrich customer experiences via personalization, improve operational efficiency with predictive maintenance of machinery in your factories, and achieve better insights with more accurate machine learning (ML) models.

IoT 57

IoT Data-driven Data Lake Data Strategy 57

The Unofficial Google Data Science Blog

JUNE 30, 2016

In an ideal world, experimentation through randomization of the treatment assignment allows the identification and consistent estimation of causal effects. Other estimators, such as those based on matching and subclassification, may benefit from the balancing property, but the discussion of those estimators is postponed to a later post.

Statistics 44

Statistics Optimization Modeling Experimentation 44

AWS Big Data

OCTOBER 4, 2023

Then we explain the benefits of Amazon DataZone and walk you through key features. Three core benefits of Amazon DataZone Amazon DataZone enables customers to discover, share, and govern data at scale across organizational boundaries. Automate data discovery and cataloging with machine learning (ML).

Metadata 106

Metadata Data Lake Publishing Data Governance 106

DataRobot Blog

FEBRUARY 15, 2023

The cost of real estate has been a rollercoaster ride in this challenging macroeconomic climate. In this example, we take a deep dive into how real estate companies can effectively use AI to automate their investment strategies. This helps with getting more creative with your experimentation.

Modeling 52

Modeling Machine Learning Cost-Benefit Metrics 52

Domino Data Lab

JULY 2, 2019

Doesn’t this seem like a worthy goal for machine learning—to make the machines learn to work more effectively? pointed out in “ The Case for Learned Index Structures ” (see video ) the internal smarts (B-trees, etc.) of relational databases represent early forms of machine learning.

Metadata 105

Metadata Machine Learning Data Science Data-driven 105

AWS Big Data

JULY 26, 2023

The vector engine provides a simple, scalable, and high-performing similarity search capability in Amazon OpenSearch Serverless that makes it easy for you to build modern machine learning (ML) augmented search experiences and generative artificial intelligence (AI) applications without having to manage the underlying vector database infrastructure.

Metadata 52

Metadata Cost-Benefit Testing Metrics 52

The Unofficial Google Data Science Blog

DECEMBER 14, 2021

or "does this product change benefit users?" Interventional uncertainty : the gap between the true benefit of an intervention arising from a decision, and an evaluation of that benefit. It was now a business decision to decide whether to pursue this radical strategy given the projected hit to metrics.

Uncertainty 56

Uncertainty Statistics Measurement Cost-Benefit 56

Domino Data Lab

AUGUST 26, 2019

This article provides an excerpt of “Tuning Hyperparameters and Pipelines” from the book, Machine Learning with Python for Everyone by Mark E. Data scientists, machine learning (ML) researchers, and business stakeholders have a high-stakes investment in the predictive accuracy of models. Introduction.

Testing 79

Testing Modeling Machine Learning Metrics 79

datapine

JANUARY 31, 2022

Because things are changing and becoming more competitive in every sector of business, the benefits of business intelligence and proper use of data analytics are key to outperforming the competition. It will ultimately help them spot new business opportunities, cut costs, or identify inefficient processes that need reengineering.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

CIO Business Intelligence

MARCH 6, 2023

Advancements in analytics and AI as well as support for unstructured data in centralized data lakes are key benefits of doing business in the cloud, and Shutterstock is capitalizing on its cloud foundation, creating new revenue streams and business models using the cloud and data lakes as key components of its innovation platform.

Data Lake 69

Data Lake Cost-Benefit Recreation/Entertainment Experimentation 69

Domino Data Lab

OCTOBER 14, 2020

With our platform, farmers can understand the impact of a particular fertilization strategy and adjust as needed. The introduction of machine learning to the agricultural domain is relatively new. To enable a digital transformation in agriculture we must experiment and learn quickly across the entire model lifecycle.

Experimentation 99

Experimentation Modeling Deep Learning Testing 99