Cost-Benefit Metrics Testing Uncertainty 
CIO Business Intelligence
JULY 7, 2023
As an IT management framework, ITIL can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. You’ll be tested on a situation of your choosing, so the material will be personal to your experience.
The Unofficial Google Data Science Blog
DECEMBER 14, 2021
by AMIR NAJMI & MUKUND SUNDARARAJAN Data science is about decision making under uncertainty. Some of that uncertainty is the result of statistical inference, i.e., using a finite sample of observations for estimation. But there are other kinds of uncertainty, at least as important, that are not statistical in nature.
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CIO Business Intelligence
JUNE 8, 2022
Digital disruption, global pandemic, geopolitical crises, economic uncertainty — volatility has thrown into question time-honored beliefs about how best to lead IT. CIOs are under even more pressure now to deliver practical business benefits,” Schlesinger says. Thriving amid uncertainty means staying flexible, he argues. .
Occam's Razor
JULY 12, 2010
I threw out the world class tool, purchased ClickTracks for a fraction of the cost and put money into Analysts and boom! Please click on the above image for a higher resolution version , including all the other metrics.]. Click on the image for a higher resolution version , along with a peek at other metrics.]. Why is this cool?
CIO Business Intelligence
JULY 10, 2024
And Google’s AI has made other high-profile flubs before, costing the company billions in market value. On top of this, Relex added instructions to its prompt to avoid answering any questions outside the company’s knowledge base, he says, and to express uncertainty when the question was at the limits of its knowledge or skills.
The Unofficial Google Data Science Blog
DECEMBER 4, 2019
This classification is based on the purpose, horizon, update frequency and uncertainty of the forecast. Based on the decisions being made and how quickly plans can adjust to new forecast updates, what is the cost of forecasting too high or too low? If the costs of prediction error are asymmetric (e.g. 95th percentile).
CIO Business Intelligence
SEPTEMBER 27, 2022
Benefits of ERP. ERP systems provide a consistent user interface, thereby reducing training costs. Most successful ERP implementations are led by an executive sponsor who sponsors the business case, gets approval to proceed, monitors progress, chairs the steering committee, removes roadblocks, and captures the benefits.
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