CIO Business Intelligence

OCTOBER 5, 2023

Sandeep Davé knows the value of experimentation as well as anyone. As chief digital and technology officer at CBRE, Davé recognized early that the commercial real estate industry was ripe for AI and machine learning enhancements, and he and his team have tested countless use cases across the enterprise ever since.

Experimentation 130

Experimentation Strategy Machine Learning Interactive 130

CIO Business Intelligence

JUNE 28, 2023

As Belcorp considered the difficulties it faced, the R&D division noted it could significantly expedite time-to-market and increase productivity in its product development process if it could shorten the timeframes of the experimental and testing phases in the R&D labs.

Digital Transformation 105

Digital Transformation Cost-Benefit Informatics Data mining 105

Occam's Razor

MAY 22, 2006

This post is a primer on the delightful world of testing and experimentation (A/B, Multivariate, and a new term from me: Experience Testing). Experimentation and testing help us figure out we are wrong, quickly and repeatedly and if you think about it that is a great thing for our customers, and for our employers.

Experimentation 103

Experimentation Testing Optimization Measurement 103

CIO Business Intelligence

DECEMBER 19, 2023

Meanwhile, CIOs must still reduce technical debt, modernize applications, and get cloud costs under control. If CIOs don’t improve conversions from pilot to production, they may find their investors losing patience in the process and culture of experimentation.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

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 96

Cost-Benefit Modeling Manufacturing Interactive 96

Occam's Razor

SEPTEMBER 19, 2011

We have to do Search Engine Optimization. Then they isolated regions of the country (by city, zip, state, dma pick your fave) into test and control regions. People in the test regions will participate in our hypothesis testing. What is missing in these numbers is the cost of… well you. The people.

Measurement 119

Measurement Advertising Testing Marketing 119

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 140

Cost-Benefit Metrics Insurance Measurement 140

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. AI-generated benefits can be realized by defining and achieving appropriate goals.

Cost-Benefit 293

Cost-Benefit Advertising ROI Machine Learning 293

CIO Business Intelligence

MARCH 5, 2024

Many other platforms, such as Coveo’s Relative Generative Answering , Quickbase AI , and LaunchDarkly’s Product Experimentation , have embedded virtual assistant capabilities but don’t brand them copilots. Today, top AI-assistant capabilities delivering results include generating code, test cases, and documentation.

Cost-Benefit 124

Cost-Benefit Advertising Experimentation Software 124

Cloudera

MARCH 2, 2022

Large user communities of analysts and developers benefit from Impala’s fast query execution, helping them get their work done more effectively. Hence, optimizing such operators for both performance and efficiency in analytical engines like Impala can be very beneficial. Analytical SQL workloads use aggregates and joins heavily.

Data Warehouse 85

Data Warehouse Optimization Analytics Sales 85

CIO Business Intelligence

AUGUST 2, 2023

Benefits of composable architecture Embracing a composable architecture empowers your business to compose building blocks with unparalleled flexibility, opening doors to new opportunities for innovation. This gradual progression allows for seamless adaptation and continuous improvement, keeping your business at the forefront of innovation.

Cost-Benefit 98

Cost-Benefit Experimentation Digital Transformation Optimization 98

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

Alation

DECEMBER 14, 2021

These systems offer numerous web-centric features that bolster customer service and engagement, provide server scalability during periods of fluctuating traffic, and allow easy experimentation with new technologies and promotional strategies. Optimized business continuity. What is cloud-optimized? Cloud testing.

Cost-Benefit 52

Cost-Benefit Data Processing Optimization Consulting 52

datapine

FEBRUARY 4, 2020

We will go into detail with each report below in the article, but it is important to keep in mind that low-level metrics such as CPC or CTR will not take part in the strategic report that focuses on customers’ costs. This is useful since seniors need to know and control customer costs and the quality of leads. click to enlarge**.

Reporting 280

Reporting Marketing Advertising Metrics 280

CIO Business Intelligence

APRIL 5, 2023

Midjourney, ChatGPT, Bing AI Chat, and other AI tools that make generative AI accessible have unleashed a flood of ideas, experimentation and creativity. Testing is another area that tends to get neglected, so automated unit test generation will help you get much broader test coverage.

Modeling 111

Modeling Testing Cost-Benefit Experimentation 111

AWS Big Data

JULY 26, 2023

Exploring the vector engine’s capabilities Built on OpenSearch Serverless, the vector engine inherits and benefits from its robust architecture. From preview to GA and beyond Today, we are excited to announce the preview of the vector engine, making it available for you to begin testing it out immediately.

Metadata 52

Metadata Cost-Benefit Testing Metrics 52

Occam's Razor

AUGUST 12, 2013

The outcome in either scenario is a restructuring of the organization that is exquisitely geared towards taking advantage of portfolio optimization. And you are telling me that the Cost Per Acquisition for my display campaigns is not $201 but rather a lowly $155? Really fun stuff, really long- term strategic implications.

Modeling 161

Modeling Optimization Marketing Interactive 161

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. Yet, this challenge is not insurmountable. for what is and isn’t possible) to address these challenges. Transcript.

Management 110

Management Machine Learning Experimentation Metrics 110

Domino Data Lab

JULY 2, 2019

SQL optimization provides helpful analogies, given how SQL queries get translated into query graphs internally , then the real smarts of a SQL engine work over that graph. The query graph provides metadata that gets leveraged for optimizations at multiple layers of the relational database stack. SQL and Spark. That’s good stuff.

Metadata 105

Metadata Machine Learning Data Science Data-driven 105

Occam's Razor

AUGUST 23, 2010

Why comes from lab usability studies , website surveys , "follow me home" exercises, experimentation & testing , and other such delightful endeavors. I know that you even realize Why is ever easier to accomplish (usability studies are economical, surveys and testing platforms start at the sweet price of free!).

Analytics 116

Analytics Cost-Benefit Testing Optimization 116

Occam's Razor

JULY 18, 2011

To not have it as an active part of your marketing portfolio is sub-optimal. Optimal Acquisition Email Metrics. This should drive aggressive experimentation of email content / offers / targeting / every facet by your team. Optimal (Website) Behavior Email Metrics. Optimal Outcomes Email Metrics. But there is more….

Metrics 137

Metrics Marketing Measurement Cost-Benefit 137

Domino Data Lab

AUGUST 26, 2019

This control prevents overfitting and reduction in predictive accuracy on new test data. When hyperparameters are also used for optimization and tuned for a specific dataset, they also impact predictive accuracy. Searching is a very general approach to solving or optimizing problems. We need some sort of well-defined process?

Testing 79

Testing Modeling Machine Learning Metrics 79

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!). Media-Mix Modeling/Experimentation. Media-Mix Modeling/Experimentation. Many reasons.

Metrics 141

Metrics Reporting Analytics Marketing 141

Occam's Razor

AUGUST 13, 2012

If you want to make the smartest decisions about your budget allocation then leveraging the time tested methodology of media mix modeling (at its core powered by controlled experiments) is the only way to go. I can use that to hypothesize what an optimal budget allocation might look like. Focus on doing analysis. So on and so forth.

Modeling 124

Modeling Metrics Data Quality Data-driven 124

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. Everything is being tested, and then the campaigns that succeed get more money put into them, while the others aren’t repeated.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

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. 4 Proactive insights rather than reactive.

Data-driven 117

Data-driven Metrics KPI Reporting 117

Domino Data Lab

AUGUST 22, 2019

[Note: In more technical machine learning terms, the cost function of the skip-gram architecture is to maximize the log probability of any possible context word from a corpus given the current target word.] A major benefit of fastText. This test set is available at download.tensorflow.org/data/questions-words.txt.].

Deep Learning 111

Deep Learning Modeling Metrics Testing 111

CIO Business Intelligence

NOVEMBER 24, 2022

The report shows that the biggest barrier to adoption in this region may be skepticism about the benefits, and of all regions, EMEA is the least likely to say that low-code/no-code is a key trend. It’s also the only region where unclear benefits constitute one of the top three reasons for not adopting low-code/no-code.

IT 111

IT Cost-Benefit Consulting Software 111

The Unofficial Google Data Science Blog

OCTOBER 12, 2017

Yet when we use these tools to explore data and look for anomalies or interesting features, we are implicitly formulating and testing hypotheses after we have observed the outcomes. We must correct for multiple hypothesis tests. Make experimentation cheap and understand the cost of bad decisions.

Experimentation 61

Experimentation Testing Statistics Metrics 61

Occam's Razor

NOVEMBER 2, 2015

The benefits are numerous. Higher Order Bits: Human vs. Business, Success KPIs, S-T-D-C Framework, MoR Test. Economic Value (EcV) is the value of short and long-term revenue and cost savings. It is pronounced the more test. It is an acronym for a test I often use in my consulting engagements. The opportunity cost.

B2B 167

B2B Metrics Testing Recreation/Entertainment 167

Domino Data Lab

OCTOBER 14, 2020

Experimentation and collaboration are built into the core of the platform. This ability enhances the efficiency of operational management and optimizes the cost of experimentation. And because it’s parquet, we get all the benefits of parquet, including self-describing schema and IO optimizations.

Experimentation 99

Experimentation Modeling Deep Learning Testing 99

IBM Big Data Hub

SEPTEMBER 25, 2023

With a few taps on a mobile device, riders request a ride; then, Uber’s algorithms work to match them with the nearest available driver and calculate the optimal price. This allowed them to focus on SQL-based query optimization to the nth degree. But the simplicity ends there. Every transaction, every cent matters.

OLAP 94

OLAP Data Lake Data-driven Snapshot 94