article thumbnail

Misled by metrics: 7 KPI mistakes IT leaders make

CIO Business Intelligence

Mark Twain famously remarked that there are three kinds of lies: lies, damned lies, and statistics. Remember Twain’s quip about statistics and lies. There’s always the possibility that the collected data is itself flawed in some way. Data can be flawed in many ways. ROI and Metrics Trusting the numbers too much.

Metrics 132
article thumbnail

Belcorp reimagines R&D with AI

CIO Business Intelligence

The initial stage involved establishing the data architecture, which provided the ability to handle the data more effectively and systematically. “We To support this, we provided data-backed evidence and examples that demonstrated the positive impact of utilizing these technologies.”

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Real estate CIOs drive deals with data

CIO Business Intelligence

The CIO delights in detailing the work of Re/Max’s technology team, which is building the pipelines and cloud-native applications to deliver agents in the field the most refined and insightful data from more than 500 MLS listing serivces in the US and Canada as quickly as possible.

article thumbnail

Analyst, Scientist, or Specialist? Choosing Your Data Job Title

Sisense

Data scientists usually build models for data-driven decisions asking challenging questions that only complex calculations can try to answer and creating new solutions where necessary. Programming and statistics are two fundamental technical skills for data analysts, as well as data wrangling and data visualization.

article thumbnail

Your Data Architecture Holds the Key to Unlocking AI’s Full Potential

CIO Business Intelligence

In one Forrester study and financial analysis, it was found that AI-enabled organizations can gain an ROI of 183% over three years. In order to move AI forward, we need to first build and fortify the foundational layer: data architecture. Constructing the right data architecture cannot be bypassed.

article thumbnail

Amazon Redshift announcements at AWS re:Invent 2023 to enable analytics on all your data

AWS Big Data

With Redshift, we are able to view risk counterparts and data in near real time— instead of on an hourly basis. Redshift significantly improved our business ROI efficiency.” – PengBo Yang, CTO, JOYME Data pipelines can be challenging and costly to build and manage and can create hours-long delays to obtain transactional data for analytics.

article thumbnail

The Gartner 2022 Leadership Vision for Data and Analytics Leaders Questions and Answers

Andrew White

We found anecdotal data that suggested things such as a) CDO’s with a business, more than a technical, background tend to be more effective or successful, and b) CDOs most often came from a business background, and c) those that were successful had a good chance at becoming CEO or CEO or some other CXO (but not really CIO).