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

Cloudera

OCTOBER 18, 2023

And just as financial services experiences its cycles, this time of year I find myself returning to the topic of cost reduction. These cutting-edge technologies provide lower-cost alternatives for discovering efficiencies within financial operations, all while enhancing the quality of services offered.

Cost-Benefit 78

Cost-Benefit Testing Machine Learning Optimization 78

CIO Business Intelligence

DECEMBER 19, 2023

The analyst reports tell CIOs that generative AI should occupy the top slot on their digital transformation priorities in the coming year. Moreover, the CEOs and boards that CIOs report to don’t want to be left behind by generative AI, and many employees want to experiment with the latest generative AI capabilities in their workflows.

Digital Transformation 140

Digital Transformation Unstructured Data Machine Learning Risk Management 140

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 89

Cost-Benefit Experimentation Digital Transformation Optimization 89

O'Reilly on Data

JULY 28, 2020

Many companies face a problem that’s even worse: no one knows which levers contribute to the metrics that impact business outcomes, or which metrics are important to the company (such as those reported to Wall Street by publicly-traded companies). Without clarity in metrics, it’s impossible to do meaningful experimentation.

Marketing 361

Marketing Experimentation Metrics Testing 361

CIO Business Intelligence

NOVEMBER 21, 2023

There are ample reasons why 77% of IT professionals are concerned about shadow IT, according to a report from Entrust. Communicate clearly and often about policies and their reasons and benefits, create a culture of feedback and collaboration, and be agile and willing to adapt policies as user needs evolve.”

IT 131

IT Risk Cost-Benefit Risk Management 131

Cloudera

JANUARY 28, 2022

Customers vary widely on the topic of public cloud – what data sources, what use cases are right for public cloud deployments – beyond sandbox, experimentation efforts. Private cloud continues to gain traction with firms realizing the benefits of greater flexibility and dynamic scalability. Cost Management.

Slice and Dice 113

Slice and Dice Cost-Benefit Risk Data Governance 113

CIO Business Intelligence

JUNE 1, 2023

A report from Sitecore based on its AI & Composable Marketing Software Survey found that nearly 4 in 5 (78%) marketers believe that GAI will be instrumental in achieving the ideal customer experience (CX) not only through greater personalization but also through GAI’s ability to mine deep insights into individual customer needs and wants.

Marketing 92

Marketing B2B Experimentation Cost-Benefit 92

CIO Business Intelligence

NOVEMBER 24, 2022

Some African entrepreneurs have embarked on a mission to universalize these tools since many ICT professionals report that digital illiteracy in Africa is still a concerning reality. It’s also the only region where unclear benefits constitute one of the top three reasons for not adopting low-code/no-code.

IT 94

IT Cost-Benefit Consulting Software 94

Ontotext

MAY 31, 2023

What are the benefits of Ontotext’s method? Researchers and medical professionals can benefit from AI-predicted gene-disease prediction in various ways. The traditional approach to identifying new targets involves extensive experimentation and trial-and-error, which is often time-consuming, costly and may not yield desirable results.

Experimentation 52

Experimentation Cost-Benefit Predictive Modeling Risk 52

CIO Business Intelligence

DECEMBER 29, 2023

“The most pressing responsibilities for CIOs in 2024 will include security, cost containment, and cultivating a data-first mindset.” Building and deploying intelligent automation CIOs will need to operate more efficiently by accelerating the benefits of automation. Our focus is on curating reusable data and AI insights,” she says.

Cost-Benefit 133

Cost-Benefit Digital Transformation Consulting Strategy 133

CIO Business Intelligence

AUGUST 16, 2023

With the right data available and Microsoft’s Power platform, the aim is to proactively issue reports and decision support on an ongoing basis, and provide the power to digitize all parts of the company. This leads to environmental benefits and fewer transports. One must always understand the cost versus the effect.”

Risk 82

Risk Cost-Benefit Digital Transformation Internet of Things 82

CIO Business Intelligence

APRIL 2, 2024

For example, KPMG reports that 51% of technology executives have not seen an increase in performance or profitability from digital transformation investments. While the CIO sees the big picture, their peers need to know how the change will benefit them.”

Management 119

Management Digital Transformation Testing Experimentation 119

CIO Business Intelligence

OCTOBER 4, 2023

No reports surfaced of customers being poisoned by consuming these recipes, and the tool has since been updated so users can only choose from a limited set of fully edible ingredients. One of the first things they built was an HR chatbot, which provided benefits recommendations that unnecessarily exposed them to massive liability.

Cost-Benefit 136

Cost-Benefit Manufacturing Machine Learning Experimentation 136

Occam's Razor

SEPTEMBER 15, 2014

Dive into Mobile Reporting and Analysis. Dive into Mobile Reporting and Analysis. Media-Mix Modeling/Experimentation. Dive into Mobile Reporting and Analysis. What do you learn from this report? What do you learn from this report? What do you learn from this report? Tag your mobile website.

Metrics 141

Metrics Reporting Analytics Marketing 141

Ontotext

JULY 6, 2023

Connected Inventory Ontotext’s Connected Inventory integrates data from various sources, which enables efficient reporting. The solution brings many business benefits. Experimentation with different technical analysis services becomes possible. The business benefits here are also significant.

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52

CIO Business Intelligence

DECEMBER 6, 2023

The migration, still in its early stages, is being designed to benefit from the learned efficiencies, proven sustainability strategies, and advances in data and analytics on the AWS platform over the past decade. This enables the company to extract additional value from the data through real-time availability and contextualization.

Manufacturing 79

Manufacturing Data Lake Digital Transformation Machine Learning 79

CIO Business Intelligence

FEBRUARY 3, 2023

“We’ve been lucky that our transformation of cyber happened with digital transformation, so the last two years we’ve talked a lot to the board about technology,” he says, adding that even as a non-executive member (he reports to head of supply chain), he’s been to the boardroom approximately 50 times during this period.

IT 52

IT Experimentation Scorecard Digital Transformation 52

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. Harvard Business Review Analytics Services Pulse Report for Sisense, March 2021.

Analytics 98

Analytics Data-driven Dashboards Experimentation 98

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 73

Machine Learning Manufacturing Cost-Benefit Deep Learning 73

Smart Data Collective

JULY 9, 2023

One report found that global e-commerce brands spent over $16.7 One benefit is that they can help with conversion rate optimization. Experimentation is the key to finding the highest-yielding version of your website elements. E-commerce businesses around the world are focusing more heavily on data analytics.

Optimization 74

Optimization Data Analytics Analytics Data-driven 74

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. A key trend is the adoption of multiple models in production.

Cost-Benefit 91

Cost-Benefit Modeling Manufacturing Interactive 91

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

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. Benefits of Enterprise MLOps and Model Risk Management. There are, however, a variety of other benefits for every model-driven business.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

Alation

SEPTEMBER 28, 2022

However, there is a lot more to know about DataOps, as it has its own definition, principles, benefits, and applications in real-life companies today – which we will cover in this article! Monitoring and reporting of processes. Technical environments and IDEs must be disposable so that experimental costs can be kept to a minimum.

Cost-Benefit 52

Cost-Benefit Data Quality Manufacturing Testing 52

CIO Business Intelligence

MARCH 6, 2023

CIOs along with researchers, consultants, and advisors agree that IT must change itself, how it works and how it organizes its workers, if it wants to gain the most benefits out of cloud computing. Moreover, the digital services team, because it is centralized, does this more efficiently, saving costs she says.

IT 127

IT Strategy Cost-Benefit Consulting 127

CIO Business Intelligence

MAY 20, 2024

Monthly reports aggregate data from all the machines to identify high- and low-yielding ones. 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.

Management 97

Management Interactive Measurement Marketing 97

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 188

Modeling Advertising Recreation/Entertainment Metrics 188

CIO Business Intelligence

JULY 31, 2023

Just look at the stats:Some 45% of 2,500 executives polled for a May 2023 report from research firm Gartner said the publicity around ChatGPT prompted them to increase their AI investments, 70% said their organization is already exploring gen AI, and 19% are in actual pilot or production mode. This is an issue for CIOs.

Strategy 95

Strategy Risk Enterprise Risk Management 95

Corinium

APRIL 25, 2019

Most enterprises in the 21st century regard data as an incredibly valuable asset – Insurance is no exception - to know your customers better, know your market better, operate more efficiently and other business benefits. In data-driven organizations, data is flowing. And then there is the Cloud. That’s the reward.

Insurance 150

Insurance Risk IoT Cost-Benefit 150

Smarten

NOVEMBER 3, 2017

The benefit of auto-suggestion and auto-recommendation is easy to understand. Empowers business users with access to meaningful data to test theories and hypotheses without the assistance of data scientists or IT staff.

Analytics 40

Analytics Visualization Experimentation Cost-Benefit 40

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. Here are the core benefits Amazon DataZone provides to its customers.

Metadata 102

Metadata Data Lake Publishing Data Governance 102

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. Developers report being more productive and less frustrated when using GitHub Copilot, and Microsoft says 40% of the code Copilot users check in is AI-generated and unmodified.

Modeling 95

Modeling Testing Cost-Benefit Experimentation 95

Occam's Razor

AUGUST 12, 2013

I normally ask people to look at the Path Length report in the Multi-Channel Funnels standard report in Google Analytics (or equivalent tool if you are using SiteCatalyst or WebTrends or other web analytics tools). The simplest way to start is to look at your Assisted Conversions report in Google Analytics. From a Venn -diagram.

Modeling 161

Modeling Optimization Marketing Interactive 161

Smarten

JULY 3, 2017

So, if a business users wants to find and analyze data, that user must depend on others to understand the user’s needs, gather the data and create the report. By the time the user receives the report, the data may be outdated or it may be presented in a way that makes it difficult to interpret and use.

Predictive Modeling 40

Predictive Modeling Visualization Business Intelligence Experimentation 40

Occam's Razor

JULY 6, 2016

Today's post is an adjacent mistake: The cardinal sin of spending too much time with data and in reports! Yes, I worry that Analysts, and Marketers, are spending too much time with their head buried in custom reports and advance segments and smart calculated metrics and strategic or tactical dashboards. Perhaps an address label?

Testing 86

Testing Marketing Experimentation Cost-Benefit 86

Occam's Razor

SEPTEMBER 19, 2011

We'll measure Revenue, Profit (the money we make less cost of goods sold), Expense (cost of campaign), Net (bottom-line impact). What is missing in these numbers is the cost of… well you. A lone intern is your email campaign people cost. The people. A little army in your company runs the TV campaigns.

Measurement 119

Measurement Advertising Testing Marketing 119