Cloudera

APRIL 26, 2023

Not only does this deliver faster and richer data services that end users expect, but also enables IT teams to operate a well-oiled platform with benefits such as simpler management and improved security. What business benefits do cloud native architectures deliver? Quick adoption of software updates further lowers maintenance costs.

Cost-Benefit 65

Cost-Benefit Optimization Experimentation Machine Learning 65

Corinium

JUNE 6, 2019

Regulations and compliance requirements, especially around pricing, risk selection, etc., For instance, for a variety of reasons, in the short term, CDAOS are challenged with quantifying the benefits of analytics’ investments. It is also important to have a strong test and learn culture to encourage rapid experimentation.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

CIO Business Intelligence

AUGUST 17, 2023

But, as with any big new wave, there is a risk of once-promising projects being washed up and there are clear and obvious concerns over governance, quality and security. We ran workshops with every division of our business, educating them on the accelerating innovation in this area, brainstorming opportunities and risks.

Risk 93

Risk Cost-Benefit Strategy Experimentation 93

Jedox

SEPTEMBER 11, 2019

Experimental” Technology. Is AI truly experimental technology? Those algorithms analyze historical data (weekly sales, monthly electricity costs, etc.) The earlier you start, the more benefit your organization will be able to obtain. This is not just risk mitigation. In most cases, the answer is no.

Forecasting 59

Forecasting Experimentation Sales Unstructured Data 59

Corinium

APRIL 25, 2019

For example, P&C insurance strives to understand its customers and households better through data, to provide better customer service and anticipate insurance needs, as well as accurately measure risks. Life insurance needs accurate data on consumer health, age and other metrics of risk. Now, there is a data risk here.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

Ontotext

NOVEMBER 2, 2023

It can be accomplished at a fraction of the cost of what organizations spend each year supporting the vast industry of data integration workarounds. And while there is a great deal of experimentation underway, most organizations have only scratched the surface in a use-case-by-use-case fashion.

IT 69

IT Cost-Benefit Data-driven Technology 69

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 90

Cost-Benefit Modeling Manufacturing Interactive 90

Smart Data Collective

JULY 9, 2023

One benefit is that they can help with conversion rate optimization. Optimizing Conversion Rates with Data-Driven Strategies A/B Testing and Experimentation for Conversion Rate Optimization A/B testing is essential for discovering which version of your website’s elements are most effective in driving conversions.

Optimization 73

Optimization Data Analytics Analytics Data-driven 73

CIO Business Intelligence

MAY 1, 2024

Pilots can offer value beyond just experimentation, of course. McKinsey reports that industrial design teams using LLM-powered summaries of user research and AI-generated images for ideation and experimentation sometimes see a reduction upward of 70% in product development cycle times.

Cost-Benefit 141

Cost-Benefit Metrics Insurance Measurement 141

O'Reilly on Data

MAY 11, 2020

Television only lacked the immediate feedback that comes with clicks, tracking cookies, tracking pixels, online experimentation, machine learning, and “agile” product cycles. Regardless of how we think of ourselves, humans aren’t terribly good at trading off short-term stimulus against long-term benefits. And the cycle goes on.

Modeling 189

Modeling Advertising Recreation/Entertainment Metrics 189

Domino Data Lab

JUNE 23, 2019

Skomoroch proposes that managing ML projects are challenging for organizations because shipping ML projects requires an experimental culture that fundamentally changes how many companies approach building and shipping software. These measurement-obsessed companies have an advantage when it comes to AI.

Management 110

Management Machine Learning Experimentation Metrics 110

The Unofficial Google Data Science Blog

OCTOBER 12, 2017

We data scientists now have access to tools that allow us to run a large numbers of experiments, and then to slice experimental populations by any combination of dimensions collected. Make experimentation cheap and understand the cost of bad decisions. This leads to the proliferation of post hoc hypotheses.

Experimentation 61

Experimentation Testing Statistics Metrics 61

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. Your organization can both avoid turnover costs and preserve corporate memory.”. It’s a pitfall.”.

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145

CIO Business Intelligence

JUNE 6, 2023

The implication is that while some businesses are cutting costs and many tech companies are announcing layoffs, forward-looking enterprises are investing and collaborating with startups. CIOs should have plans for the upsides and also develop risk mitigation strategies. But CIOs should remain strategic.

Key Performance Indicator 104

Key Performance Indicator Cost-Benefit Enterprise Experimentation 104

IBM Big Data Hub

OCTOBER 20, 2023

These development platforms support collaboration between data science and engineering teams, which decreases costs by reducing redundant efforts and automating routine tasks, such as data duplication or extraction. Some AI platforms also provide advanced AI capabilities, such as natural language processing (NLP) and speech recognition.

Machine Learning 72

Machine Learning Manufacturing Cost-Benefit Deep Learning 72

Domino Data Lab

AUGUST 26, 2019

To support the iterative and experimental nature of industry work, Domino reached out to Addison-Wesley Professional (AWP) for appropriate permissions to excerpt the “Tuning Hyperparameters and Pipelines” from the book, Machine Learning with Python for Everyone by Mark E. Beyond this, we also get a measure of the variability.

Testing 79

Testing Modeling Machine Learning Metrics 79

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

Occam's Razor

OCTOBER 23, 2006

. ‡ Never start with clickstream, it becomes “old” quickly ‡ People care about their paychecks ‡ Execution strategy: ~ Identify Senior Management hot buttons ~ Exhibit daily that you can • increase revenue • trim costs • improve customer satisfaction. 6 Reporting is not Analysis. Your Choice?

Data-driven 117

Data-driven Metrics KPI Reporting 117

CIO Business Intelligence

MAY 20, 2024

This knowledge, generated through observation, reflection, study, and social interaction, led to a new companywide policy: “Let the grinder warm up for 15 minutes,” resulting in millions of dollars of extra profit at no additional cost. As a means of control, budgets measure performance against planned targets, influencing employee behavior.

Management 110

Management Interactive Measurement Marketing 110

Occam's Razor

MARCH 7, 2016

Here's a great example of the risk you carry by only having rented platform strategies, so much worse than the Edgerank chokehold Facebook has on your organic reach… Google+ is a good platform, and Google continues to experiment with it. While I'm pointing out my example, your brand faces the same risks.

Marketing Analytics 86

Marketing Analytics Marketing Analytics KPI 86