Occam's Razor

JUNE 25, 2012

The way data is collected online and what happens to it is a much-scrutinized issue (and rightly so). Digital data collection is also exceedingly complex, perhaps a reflection of the organic nature, and subsequent explosion, of the internet. Web Data Collection Context: Cookies and Tools.

Data Collection 130

Data Collection Advertising Metrics Reporting 130

O'Reilly on Data

JULY 28, 2020

These measures are commonly referred to as guardrail metrics , and they ensure that the product analytics aren’t giving decision-makers the wrong signal about what’s actually important to the business. When a measure becomes a target, it ceases to be a good measure ( Goodhart’s Law ). Any metric can and will be abused.

Marketing 362

Marketing Experimentation Metrics Testing 362

Smart Data Collective

MAY 4, 2023

UMass Global has a very insightful article on the growing relevance of big data in business. Big data has been discussed by business leaders since the 1990s. It refers to datasets too large for normal statistical methods. Data gathering can take many forms, including web scraping, data mining, and social media monitoring.

Data mining 79

Data mining Big Data Data-driven Measurement 79

CIO Business Intelligence

MARCH 24, 2023

The Data Management Association (DAMA) International defines it as the “planning, oversight, and control over management of data and the use of data and data-related sources.” Such a framework provides your organization with a holistic approach to collecting, managing, securing, and storing data.

Data Governance 142

Data Governance Management Metadata Data Quality 142

FineReport

MARCH 7, 2024

Data Acquisition I categorize data sources into three types: (1) First-party data: User factual data, such as financial products purchased at a certain institution, time of purchase, issuing branch, name, phone number, or operational data, such as user behavioral data on a financial app. (2)

Dashboards 52

Dashboards Reporting Advertising Statistics 52

IBM Big Data Hub

FEBRUARY 7, 2024

1 In pursuit of net zero, organizations will focus their sustainability efforts on two paths in 2024: Clean energy : The transition from fossil fuels to renewable energy sources is central to sustainability strategies and net zero initiatives, and was a central issue last year at the United Nations’ COP28 climate summit.

Reporting 101

Reporting Cost-Benefit Internet of Things Data-driven 101

CIO Business Intelligence

FEBRUARY 13, 2023

The name references the Greek letter sigma, which is a statistical symbol that represents a standard deviation. Measure performance of the current process by establishing a data collection plan to determine defects and gather metrics. Six Sigma was trademarked by Motorola in 1993.

Management 97

Management Statistics Manufacturing Measurement 97

Cloudera

AUGUST 6, 2021

This data needs to be harmonized in a way that presents a unified view of the customer journey and ideally a real-time view of their propensity to perform certain actions, with suggested options to increase or decrease that propensity. Strategy and culture are core components of a data driven organization . Data Strategy.

Data-driven 104

Data-driven B2B Data Strategy Strategy 104

O'Reilly on Data

OCTOBER 16, 2018

Create a coherent BI strategy that aligns data collection and analytics with the general business strategy. They recognize the instrumental role data plays in creating value and see information as the lifeblood of the organization. Today, few firms qualify success properly.

Business Intelligence 149

Business Intelligence Data Science Descriptive Analytics Strategy 149

CIO Business Intelligence

JULY 10, 2023

Whether it’s dates of birth, credit card details, or shoe sizes, the brand has a duty to keep this data safe and secure. In an ideal world, businesses should only collect vital customer data, limit who has access to it, and implement a strong data management strategy around its storage.

Interactive 98

Interactive Measurement Data Collection Risk 98

Smart Data Collective

AUGUST 31, 2020

At Smart Data Collective, we have talked extensively about the benefits of big data in digital marketing. We have focused a lot on using data analytics for SEO. However, there are a lot of other benefits of using big data in marketing. You shouldn’t limit yourself to using data analytics in your SEO strategy.

Data-driven 86

Data-driven Marketing Big Data Broadcasting 86

Smart Data Collective

MARCH 23, 2022

For instance, it is the same case with Amazon when they recommend related products, so the term “ basket” refers to what shoppers use the most when shopping. When possessing this type of data , you can predict future consumer behavior based on past purchases and preferences.

Data mining 121

Data mining Marketing Insurance Data Collection 121

O'Reilly on Data

MARCH 31, 2020

This means that the AI products you build align with your existing business plans and strategies (or that your products are driving change in those plans and strategies), that they are delivering value to the business, and that they are delivered on time. AI product estimation strategies.

Management 332

Management Machine Learning Experimentation Metrics 332

Alation

JANUARY 26, 2023

Data is a key asset for businesses in the modern world. Used correctly, it can improve internal operations, power marketing strategies, and much more. That’s why many organizations invest in technology to improve data processes, such as a machine learning data pipeline. This is why data also needs to be compliant.

Data Governance 52

Data Governance Strategy Data Quality Marketing 52

Occam's Razor

JANUARY 31, 2017

Ten years, and the 944,357 words, are proof that I love purposeful data, collecting it, pouring smart strategies into analyzing it, and using the insights identified to transform organizations. In the quest for that last important bit, I am insanely obsessive about 1. simplification and 2. pressing the right emotional buttons.

Visualization 148

Visualization IT Strategy Key Performance Indicator 148

FineReport

APRIL 9, 2021

However, companies operation generates numerous and complicated data every day, beyond traditional manual reporting capacity. If the financial analysis will go to non-financial professionals, the financial analysis report only needs conclusive key indicators and data. This article provides four ideas for reference.

Reporting 98

Reporting Finance Dashboards Enterprise 98

datapine

FEBRUARY 9, 2024

The process helps businesses and decision-makers measure the success of their strategies toward achieving company goals. How does Company A measure the success of each individual effort so that it can isolate strengths and weaknesses? This, in turn, will cause problems like wasted focus, wayward strategies, and loss of revenue.

KPI 221

KPI Management Key Performance Indicator Measurement 221

FineReport

MAY 27, 2022

An income statement, which also refers to a profit and loss report, shows an enterprise’s revenues, expenses, and net income in a certain period of time. Step 2: Collect financial data. Compared with other steps, data collection is a relatively tiring step in financial reporting. Balance sheet by FineReport.

Reporting 52

Reporting Dashboards KPI Metrics 52

Occam's Razor

JANUARY 12, 2015

Helpful post: Best Metrics For Digital Marketing: Rock Your Own And Rent Strategies.]. While there are no such things as blessed KPIs everyone must follow – because everyone is not executing the exact same strategy -, some metrics can never be KPIs. Your digital analytics tools are full of metrics. Averages this. Total that.

Analytics 150

Analytics Slice and Dice KPI Metrics 150

Occam's Razor

OCTOBER 14, 2014

[See step four in the process for creating your Digital Marketing and Measurement Model.]. should be 1,356,000), you've set a clear line in the sand as to what performance will be declared a success or a failure at the end of the measurement time period. Own data benchmarks. Industry analyst data benchmarks.

Key Performance Indicator 133

Key Performance Indicator Metrics Reporting Marketing 133

IBM Big Data Hub

NOVEMBER 14, 2023

Data monetization is not narrowly “selling data sets ;” it is about improving work and enhancing business performance by better-using data. External monetization opportunities enable different types of data in different formats to be information assets that can be sold or have their value recorded when used.

Strategy 116

Strategy Cost-Benefit Data-driven Measurement 116

Insight

MARCH 12, 2020

In this article, I will discuss the construction of the AIgent, from data collection to model assembly. Data Collection The AIgent leverages book synopses and book metadata. The latter is any type of external data that has been attached to a book? Text synopses are ‘tokenized’ with the aid of a reference library.

Modeling 59

Modeling Metadata Publishing Sales 59

AWS Big Data

MARCH 26, 2024

A Gartner Marketing survey found only 14% of organizations have successfully implemented a C360 solution, due to lack of consensus on what a 360-degree view means, challenges with data quality, and lack of cross-functional governance structure for customer data. This is aligned to the five pillars we discuss in this post.

Data Strategy 70

Data Strategy Strategy Data Warehouse Prescriptive Analytics 70

O'Reilly on Data

OCTOBER 22, 2020

The safest course of action is also the slowest and most expensive: obtain your training data as part of a collection strategy that includes efforts to obtain the correct representative sample under an explicit license for use as training data. Perhaps I can refer them to someone else in that case.).

Consulting 296

Consulting Risk Cost-Benefit Modeling 296

CIO Business Intelligence

APRIL 28, 2024

Carbon neutrality and carbon peak strategies are driving the adoption of new energy worldwide. Huawei’s outlook on power scenarios may not be from an insider’s point of view, but our fresh perspective can still provide valuable reference and input for power companies. We need to build grid-based sources, loads and networks.

Interactive 95

Interactive Uncertainty Data Collection IoT 95

Alation

APRIL 11, 2023

Simply put, customer experience refers to a customer’s interactions with a company and how they feel about the brand. This is also sometimes referred to as the customer journey, with each stage of the journey known as a touchpoint. Image Sourced from Marketingcharts.com How does data measure the customer experience?

Sales 52

Sales Interactive Marketing Strategy 52

IBM Big Data Hub

FEBRUARY 2, 2024

A 2023 report found that global investment in green or low-carbon energy sources exceeded USD $1 trillion, 1 while advanced data collection tools and artificial intelligence (AI) are helping to better monitor emissions and inform sustainability strategy. What is sustainability?

Optimization 98

Optimization Cost-Benefit Strategy Technology 98

Alation

MAY 16, 2023

Sources can include analytics data regarding user behavior, transactional data from ecommerce websites, and third-party data from other organizations. It’s worth noting that a data pipeline may have more than one data source. Ingestion tools are connected to various data sources.

Data Lake 69

Data Lake Data Governance Data Warehouse Data Processing 69

Andrew White

JANUARY 9, 2022

First, how we measure emissions and carbon footprint is about data design and policy. In other words, D&A plays a key role in the foundational measuring angle. To drive a successful Data Analytics strategy do you think it is a multidisciplinary activity and if so, what additional roles would you expect to see involved.

Analytics 64

Analytics Measurement Modeling Data-driven 64

datapine

JUNE 13, 2019

There are also different types of sales reports that will focus on different aspects: the sales performance in general, detailing the revenue generated, the sales volume evolution, measuring it against the sales target pre-set, the customer lifetime value, etc. That way you can better analyze the effects on your overall strategy.

Sales 264

Sales Reporting KPI B2B 264

Jet Global

JUNE 24, 2020

An engineering Key Performance Indicator (KPI) or metric is a clearly defined quantifiable measure that an engineering firm uses to gauge its success over time. Breaking it Down: Engineering Reporting Strategy. This engineering KPI measures the total number of external staff to the number of in-house staff.

Metrics 98

Metrics Reporting KPI Key Performance Indicator 98

Alation

MAY 16, 2023

Sources can include analytics data regarding user behavior, transactional data from ecommerce websites, and third-party data from other organizations. It’s worth noting that a data pipeline may have more than one data source. Ingestion tools are connected to various data sources.

Data Lake 40

Data Lake Data Governance Data Warehouse Data Processing 40

The Unofficial Google Data Science Blog

APRIL 17, 2017

First, the system may not be understood, and even if it was understood it may be extremely difficult to measure the relationships that are assumed to govern its behavior. They can arise from data collection errors or other unlikely-to-repeat causes such as an outage somewhere on the Internet. References [1] Hyndman, Rob J.,

Forecasting 83

Forecasting Modeling Statistics Uncertainty 83

FineReport

FEBRUARY 5, 2020

Based on the study of the evaluation criteria of Gartner Magic Quadrant for analytics and Business Intelligence Platforms, I have summarized top 10 key features of BI tools for your reference. Overall, as users’ data sources become more extensive, their preferences for BI are changing. Interactive visual exploration. of BI pages.

Metadata 98

Metadata Dashboards Informatics Visualization 98

Occam's Razor

APRIL 21, 2014

We will cover questions in four areas: business/strategy challenges, analytics/technical challenges, career/self-development questions and rampant speculation. Business/Strategy Challenges. Strategy one… Prioritize by where you will make money for your client quickly. We wonder why data people are not loved. :).

Marketing Analytics 131

Marketing Analytics Marketing Analytics Measurement 131

Cloudera

JUNE 6, 2019

This model increases predictability without creating undesirable data silos. Multi-tenancy Strategies with Virtual Private Clusters. Prior to using Virtual Private Clusters, cluster admins need to decide on an isolation strategy for the compute-only clusters. In other words, tenants map to human beings. 2) By workload type.

Metadata 86

Metadata Data Lake Optimization Strategy 86

Occam's Razor

APRIL 19, 2010

The post will end with a Web Analytics Measurement Framework. Point of confusion: People, like me, often also use the term Desirable Outcomes to refer to business objectives. Full disclosure: Depending on the specificity of your business objectives my asking you for your "desirable outcomes" could refer to "what are your goals".

Metrics 138

Metrics Key Performance Indicator KPI Business Objectives 138