DataKitchen

MARCH 16, 2023

Metric Number One: Errors Reducing errors in data analytics is crucial for ensuring the accuracy and reliability of the insights generated by the team. Errors can originate from various sources, including data collection, integration, models, visualization, governance, and security. A simple way is the idea of a ‘story point.’

Metrics 130

Metrics Data Analytics Analytics Measurement 130

IBM Big Data Hub

AUGUST 28, 2023

With nearly 5 billion users worldwide—more than 60% of the global population —social media platforms have become a vast source of data that businesses can leverage for improved customer satisfaction, better marketing strategies and faster overall business growth.

Data mining 56

Data mining Machine Learning Deep Learning Marketing 56

Smart Data Collective

OCTOBER 30, 2019

There are a number of tactics that marketers can pursue to optimize campaigns with machine learning algorithms. However, some of these strategies are more limited then marketers would like to think. Big data technology has introduced a number of solutions for the marketing profession.

Machine Learning 72

Machine Learning Advertising Big Data Marketing 72

IBM Big Data Hub

FEBRUARY 14, 2024

Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.

Cost-Benefit 86

Cost-Benefit Insurance Unstructured Data Machine Learning 86

Smart Data Collective

MAY 6, 2021

Retargeting uses Facebook campaigns most essential tools to target specific people based on their most relevant data. This is one of the best ways to use data to improve your social media marketing strategies. The data used is recycled from previous information attached to your old advertising. Making the Right Choice.

Advertising 70

Advertising Sales Marketing ROI 70

FineReport

MAY 31, 2023

Contemporary dashboards surpass basic visualization and reporting by utilizing financial analytics to amalgamate diverse financial and accounting data, empowering analysts to delve further into the data and uncover valuable insights that can optimize cost-efficiency and enhance profitability.

Dashboards 52

Dashboards Key Performance Indicator Metrics Visualization 52

Occam's Razor

APRIL 13, 2015

And, that's not all, when you consider that it is segmented data, across multiple dimensions, it really is impressive. But, I'm a big believer in optimizing data access to be at the right time as defined by your decision-making/action-taking speeds inside your company. You can see what's happening right now.

Analytics 155

Analytics Reporting Metrics Slice and Dice 155

CIO Business Intelligence

JANUARY 3, 2024

The infrastructure industry, however, can sometimes be its own worst enemy by falling for common objections and barriers to adoption throughout both digital twin strategy and implementation. Delaying its development can result in missed opportunities for optimization and innovation.

Cost-Benefit 122

Cost-Benefit ROI Manufacturing Optimization 122

IBM Big Data Hub

MARCH 26, 2024

Maximizing value with a holistic strategy The first step in maximizing that dual value is upfront due diligence to assess the current state of reporting readiness, alignment between ESG requirements and voluntary sustainability initiatives, and consider how to drive acceleration with future-proofed solutions.

Measurement 65

Measurement Metrics Strategy Reporting 65

datapine

JULY 6, 2022

When compared to some of the other examples in this post, the satisfaction KPI can be a bit harder to measure as it requires a different approach to data collection such as performing a feedback survey to your clients. Of course, the type of conversion will depend on the business and the strategy being measured.

Measurement 243

Measurement Metrics KPI Sales 243

IBM Big Data Hub

SEPTEMBER 11, 2023

Using data, user research and human-centered design to effectively address these considerations can help you develop a clear modernization strategy that objectively drives your priorities, backlogs and roadmaps. The pain point tracker clusters the foundational data in which value metrics are then applied.

Data-driven 90

Data-driven IT Measurement Cost-Benefit 90

datapine

JUNE 4, 2020

A chief technology officer (also referred to as chief technical officer or chief technologist), has an immense responsibility to drive a company forward and lead the technological advancements, research, development, and management in order to generate business value and increase the return on investment (ROI).

Dashboards 130

Dashboards Reporting Metrics Visualization 130

Occam's Razor

JANUARY 30, 2012

I can analyze and then identify an specific optimization/engagement strategy to reduce bounce rates. Or open the new search engine optimization reports in Google Analytics , for your Queries look at Impression and try Comparison for CTR. I use the data above to customize my SEO strategy for each search engine.

Analytics 145

Analytics Dashboards Metrics Key Performance Indicator 145

Andrew White

JANUARY 9, 2022

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. – A D&A leader of CDO or whoever will lead the development of the D&A strategy will of necessity work with business executives.

Analytics 64

Analytics Measurement Modeling Data-driven 64

datapine

FEBRUARY 22, 2022

1) What Is A Business Intelligence Strategy? 2) BI Strategy Benefits. 4) How To Create A Business Intelligence Strategy. Over the past 5 years, big data and BI became more than just data science buzzwords. Your Chance: Want to build a successful BI strategy today? What Is A Business Intelligence Strategy?

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Key Performance Indicator 218

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

Occam's Razor

AUGUST 13, 2012

Bjoern Sjut3: My main issue at the moment: How will multi-channel funnels and ROI calculations work in a multi device world? If your wish in the second part is to track effectiveness of advertising ( how to determine ROI ) then please see this post: Measuring Incrementality: Controlled Experiments to the Rescue! That is the solution.

Modeling 124

Modeling Metrics Data Quality Data-driven 124

Occam's Razor

OCTOBER 19, 2010

Depending on the size of your company (translation: resources available and what's impactful and doable) here is the priority order that I recommend for you to execute your web analytics tools strategy right. They'll simply puke data faster and, if you implement them right, more efficiently. Google Website Optimizer.

Analytics 135

Analytics Testing Measurement Optimization 135

Domino Data Lab

MARCH 3, 2019

Then, when we received 11,400 responses, the next step became obvious to a duo of data scientists on the receiving end of that data collection. Over the past six months, Ben Lorica and I have conducted three surveys about “ABC” (AI, Big Data, Cloud) adoption in enterprise.

Data Science 49

Data Science Deep Learning Machine Learning Modeling 49

Occam's Razor

MARCH 23, 2010

My problem with these mistruths and FUD is that they result in a ton of practitioners and companies making profoundly sub optimal choices, which in turn results in not just much longer slogs but also spectacular career implosions and the entire web analytics industry suffering. our measurement strategies 2. This is sad.

Analytics 118

Analytics Consulting Metrics Experimentation 118

Rocket-Powered Data Science

JULY 21, 2023

Here are four specific metrics from the report, highlighting the potentially huge enterprise system benefits coming from implementing Splunk’s observability and monitoring products and services: Four times as many leaders who implement observability strategies resolve unplanned downtime in just minutes, not hours or days.

Machine Learning 189

Machine Learning Metrics Reporting Internet of Things 189

Domino Data Lab

JUNE 23, 2019

Google, Facebook, other leaders, they really have set up a culture of extreme measurement where every part of their product experience is instrumented to optimize clicks and drive user engagement. And then you’ll do a lot of work to get it out and then there’ll be no ROI at the end. To prioritize, how do we do this?

Management 110

Management Machine Learning Experimentation Metrics 110

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. As mentioned above, one of the great benefits of business intelligence and analytics is the ability to make informed data-based decisions.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

IBM Big Data Hub

AUGUST 4, 2023

Data democratization inherently helps companies improve data security processes by requiring deliberate and constant attention to data governance and data integrity. This includes tools that do not require advanced technical skill or deep understanding of data analytics to use. What are your data and AI objectives?

Data Architecture 62

Data Architecture Data Lake Machine Learning Data Governance 62

Alation

AUGUST 2, 2022

When creating a customer-centric strategy and culture, every step of business development should include a focus on the customer. Define your products, services, and strategies from customers who gain the most value from what you offer and who return that value to your business. So how do you become customer centric? Customer Centric.

Strategy 52

Strategy Cost-Benefit Metrics Data Lake 52

Occam's Razor

FEBRUARY 9, 2015

When you are done reading the post, you'll be super mad that your marketing strategy is not more influenced by your competitor's data! How is competitive intelligence data collected? Competitive intelligence data will never match your site's analytics tool. . Social Strategy Effectiveness.

Metrics 155

Metrics Reporting IT Advertising 155

Occam's Razor

APRIL 29, 2013

Marketer, is not spent with data you''ll fail to achieve professional success.]. Many used some data, but they unfortunately used silly data strategies/metrics. And silly simply because as soon as the strategy/success metric being obsessed about was mentioned, it was clear they would fail. You'll get fired.

Marketing 166

Marketing Metrics Advertising Measurement 166

Jet Global

MAY 1, 2023

Other money-making strategies include adding users in a per-seat structure or achieving price dominance in the market due. Return on Investment Now we bring it all together to calculate the ROI on embedded analytics. The formula looks like this: ($750k / $250k) = 3, so the ROI is 200 percent. cost reduction).

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52