CIO Business Intelligence

OCTOBER 5, 2023

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. For AI, the high-value quadrant is where you’ll find most predictive modeling.

Experimentation 117

Experimentation Strategy Machine Learning Interactive 117

IBM Big Data Hub

APRIL 28, 2022

To reduce delays, human errors and overall costs, data and IT leaders need to look beyond traditional data best practices and shift toward modern data management agility solutions that are powered by AI. Learn more about a data fabric architecture and how it can benefit your organization. That’s where the data fabric comes in.

Metadata 78

Metadata Data Warehouse Forecasting Predictive Modeling 78

IBM Big Data Hub

FEBRUARY 14, 2024

Technical AI use cases Speed operations with AIOps There are many benefits to using artificial intelligence for IT operations (AIOps). More benefits from AI include building a more sustainable IT system and improving the continuous integration/continuous (CI/CD) delivery pipelines.

Cost-Benefit 82

Cost-Benefit Insurance Unstructured Data Machine Learning 82

Paul Blogs on BI

MARCH 25, 2020

This first metric requires people to be tested and, as we all know, that is only possible in places where testing is available (and confirmation takes a few days) and only a fraction of people have been tested. As more testing becomes available this first metric will increase significantly.

Business Intelligence 51

Business Intelligence Measurement Metrics Cost-Benefit 51

Domino Data Lab

JULY 28, 2021

There are many software packages that allow anyone to build a predictive model, but without expertise in math and statistics, a practitioner runs the risk of creating a faulty, unethical, and even possibly illegal data science application. All models are not made equal.

Data Science 110

Data Science Statistics Recreation/Entertainment Predictive Analytics 110

FineReport

MARCH 31, 2024

Through meticulous testing and research, we’ve curated a list of the ten best BI tools, ensuring accessibility and efficacy for businesses of all sizes. Recognized for its versatility, Power BI excels in data transformation and visualization, incorporating advanced predictive modeling and AI-driven features.

Dashboards 52

Dashboards Visualization Data mining Data-driven 52

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

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. predicting too low is more costly than predicting too high), decisions should plan to a certain quantile forecast (e.g.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

Smarten

NOVEMBER 3, 2017

Business users can quickly and easily prepare and analyze data and visualize and explore data, notate and highlight data and share data with others to identify the important ‘nuggets’, buried in traditional data, and to connect the dots, find exceptions, identify patterns and trends and better predict results.

Analytics 40

Analytics Visualization Experimentation Cost-Benefit 40

Smarten

JULY 3, 2017

The simple truth is that when business users become Citizen Data Scientists, each of them can add more value and benefit to the organization. Advanced Data Discovery allows business users to perform early prototyping and to test hypothesis without the skills of a data scientist.

Visualization 40

Visualization Predictive Modeling Business Intelligence Experimentation 40

CIO Business Intelligence

MARCH 5, 2024

CIOs and IT leaders are at the center and must decide what copilots to test, who should receive access, and whether experiments are delivering business value. The ambiguity of what’s working today and which users will benefit is driving some CIOs to ask whether adding Copilot licenses to Microsoft 365 is worth the price.

Cost-Benefit 110

Cost-Benefit Advertising Experimentation Software 110

Domino Data Lab

AUGUST 20, 2019

The problem is that a new unique identifier of a test example won’t be anywhere in the tree. Feature extraction means moving from low-level features that are unsuitable for learning—practically speaking, we get poor testing results—to higher-level features which are useful for learning. Separate out a hold-out test set.

Testing 68

Testing Modeling Interactive Measurement 68

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 300

Cost-Benefit Advertising ROI Machine Learning 300

O'Reilly on Data

SEPTEMBER 19, 2023

.” Consider the structural evolutions of that theme: Stage 1: Hadoop and Big Data By 2008, many companies found themselves at the intersection of “a steep increase in online activity” and “a sharp decline in costs for storage and computing.” Other groups have tested evolutionary algorithms in drug discovery.

Machine Learning 256

Machine Learning Testing Modeling Cost-Benefit 256

The Unofficial Google Data Science Blog

MARCH 31, 2016

In the context of prediction problems, another benefit is that the models produce an estimate of the uncertainty in their predictions: the predictive posterior distribution. These predictive posterior distributions have many uses such as in multi-armed bandit problems. Cambridge University Press, (2006). [2]

Modeling 40

Modeling Statistics Advertising Testing 40

CIO Business Intelligence

AUGUST 15, 2023

In partnership with OpenAI and Microsoft, CarMax worked to develop, test, and iterate GPT-3 natural language models aimed at achieving those results. The CarMax team also gathered, scrubbed and formatted data from thousands of vehicles to feed into the models, fine-tuning them as the project advanced.

IT 89

IT Manufacturing IoT Cost-Benefit 89

CIO Business Intelligence

MARCH 22, 2023

The modern privacy toolkit for ML and AI: Benefits and drawbacks Various modern solutions have been developed to address PII challenges, such as federated learning, confidential computing, and synthetic data, which the new class of data consumers is exploring for Privacy in ML and AI. The solution is also partially risk-free.

Machine Learning 98

Machine Learning Cost-Benefit Modeling Risk 98

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.] With CBOW, it is the inverse: The target word is predicted based on the context words. A major benefit of fastText.

Deep Learning 111

Deep Learning Modeling Metrics Testing 111

IBM Big Data Hub

JULY 5, 2023

Planning In the first stage of the asset lifecycle, stakeholders assess the need for a new asset, its projected value to the organization and its overall cost. It allows the company to run tests and predict performance based on simulations. The four stages of ALM 1.

Strategy 53

Strategy Management IoT Cost-Benefit 53

Occam's Razor

JANUARY 7, 2019

You'll be surprised by the steep drop in Cost per Acquisition. What the cost of getting a retail customer to make subsequent purchases over mobile apps lower? There is too much goodness in modeling that you are not taking advantage of. The Step Change Analytics Obsessions List. Grab the revenue number for the company.

Marketing Analytics 88

Marketing Analytics Marketing Analytics Strategy 88

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

NOVEMBER 18, 2014

Short story #2: Predictive Modeling, Quantifying Cost of Inaction. Three cool benefits: 1. Short story #2: Predictive Modeling, Quantifying Cost of Inaction. The work of the New York Times team inspired me it to do some predictive modeling for inaction in our world of digital marketing.

Visualization 143

Visualization Slice and Dice Predictive Modeling Metrics 143

datapine

NOVEMBER 27, 2019

According to Gartner, poor data quality is estimated to cost organizations an average of $15 million per year in losses. We detailed the benefits and costs of good or bad quality data in our previous article on data quality management , where you can read the five important pillars to follow.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

Jet Global

MAY 1, 2023

These benefits provide a 360-degree feedback loop. In this new era, users expect to reap the benefits of analytics in every application that they touch. Users are coming to expect sophisticated analytics at little or no cost. All benefit from the enhanced functionality and additional reporting and analytics.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52

Jet Global

SEPTEMBER 1, 2023

Embedded predictive analytics offers the development team the advantages of data-driven decision making, an enhanced user experience, and efficient resource allocation. These benefits ultimately contribute to the creation of more intelligent, user-centric, and responsive applications that align with user needs and business goals.

Predictive Analytics 52

Predictive Analytics Risk Analytics Software 52