Alation

JULY 15, 2022

I recently led an online session, Data Monetisation and Governance , looking at the evolution of data governance , defining data ethics (from the Turing Institute ), and touching on the balancing act between using data to monetise (by increasing revenue, decreasing spend, or mitigating risk) and meeting ethical obligations.

Cost-Benefit 89

Cost-Benefit Data Governance ROI Risk 89

datapine

FEBRUARY 22, 2022

But the rewards outperform by far its costs, and it is well known that business intelligence ROI is real even if it is sometimes hard to quantify. Improved risk management: Another great benefit from implementing a strategy for BI is risk management. What data analysis questions are you unable to currently answer?

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Key Performance Indicator 218

Smart Data Collective

SEPTEMBER 4, 2020

Google has shown how to use big data effectively for decision-making , but many other companies don’t understand the principles to follow. Far too many businesses fail to develop a sensible data strategy, so their ROI from their data collection methodologies is often subpar. Guide to Creating a Big Data Strategy.

Data-driven 86

Data-driven Big Data Metrics Strategy 86

IBM Big Data Hub

SEPTEMBER 6, 2023

Why budgeting feels like a marathon Just like marathon training takes months of preparation, crafting a budget involves a lot of data collection, metrics analysis, resource allocation and collaboration. Missed opportunities A slow budget can mean missed opportunities and potential ROI left on the table.

Forecasting 83

Forecasting Marketing Risk Sales 83

datapine

JANUARY 6, 2022

Yet, before any serious data interpretation inquiry can begin, it should be understood that visual presentations of data findings are irrelevant unless a sound decision is made regarding scales of measurement. Data analysis and interpretation, in the end, help improve processes and identify problems. What is the keyword?

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

DataKitchen

MARCH 16, 2023

Like most leaders of data analytic teams, you have been doing very little to quantify your team’s success. All you had to do was to write a few bullet points every week in the text for your report for last your boss. Where is your metrics report? What should be in that report about your data team?

Metrics 130

Metrics Data Analytics Analytics Measurement 130

BA Learnings

AUGUST 7, 2021

In addition to that, the risk assessment will not be carried out properly, and you won’t know what pitfalls lie ahead until you’re already knee-deep in the problem. According to a PMI report, 37% of projects fail because of unset or unclear goals. You consider intelligent document processing software now.

Digital Transformation 130

Digital Transformation Key Performance Indicator Cost-Benefit KPI 130

BizAcuity

FEBRUARY 22, 2019

The financial analytics when used as an add on with event management software is providing more reliable and timely financial reports that is emerging as the main factors the success of an event management firm or company from the perspective of its bankers, analysts, and investors.

Analytics 75

Analytics Cost-Benefit Finance Sales 75

Sisense

SEPTEMBER 3, 2020

They are the link between the data resources available to an enterprise and executives looking for opportunities to make the business better, faster, and stronger. Data Analyst. Data analysts might report to a CIO, a Chief Data Officer (CDO), or possibly to a data scientist or business analyst team leader.

Statistics 97

Statistics Metrics Visualization Finance 97

erwin

DECEMBER 20, 2018

The driving factors behind data governance adoption vary. Whether implemented as preventative measures (risk management and regulation) or proactive endeavors (value creation and ROI), the benefits of a data governance initiative is becoming more apparent. Data governance’s importance has become more widely understood.

Data Governance 40

Data Governance ROI Risk Management Metadata 40

Jet Global

MAY 1, 2023

But many companies fail to achieve this goal because they struggle to provide the reporting and analytics users have come to expect. that gathers data from many sources. These tools prep that data for analysis and then provide reporting on it from a central viewpoint. These reports are critical to making decisions.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52

IBM Big Data Hub

FEBRUARY 14, 2024

By infusing AI into IT operations , companies can harness the considerable power of NLP, big data, and ML models to automate and streamline operational workflows, and monitor event correlation and causality determination. AIOps is one of the fastest ways to boost ROI from digital transformation investments.

Cost-Benefit 82

Cost-Benefit Insurance Unstructured Data Machine Learning 82

FineReport

MAY 31, 2023

A financial dashboard, one of the most important types of data dashboards , functions as a business intelligence tool that enables finance and accounting teams to visually represent, monitor, and present financial key performance indicators (KPIs). These reports include the cash flow statement, income statement, and balance sheet.

Dashboards 52

Dashboards Key Performance Indicator Metrics Visualization 52

Domino Data Lab

MAY 8, 2019

The lens of reductionism and an overemphasis on engineering becomes an Achilles heel for data science work. Instead, consider a “full stack” tracing from the point of data collection all the way out through inference. He talked about the risks of reductionism and Descartes’ questionable legacy. Ergo, less interpretable.

Machine Learning 105

Machine Learning Data Science Modeling Visualization 105

Domino Data Lab

MARCH 3, 2019

This month, the theme is not specifically about conference summaries; rather, it’s about a set of follow-up surveys from Strata Data attendees. We had big surprises at several turns and have subsequently published a series of reports. Let’s look through some of the insights gained from those reports.

Data Science 49

Data Science Deep Learning Machine Learning Modeling 49

Domino Data Lab

FEBRUARY 4, 2019

Eric’s article describes an approach to process for data science teams in a stark contrast to the risk management practices of Agile process, such as timeboxing. As the article explains, data science is set apart from other business functions by two fundamental aspects: Relatively low costs for exploration.

Data Science 66

Data Science Experimentation Data-driven Machine Learning 66

IBM Big Data Hub

MARCH 26, 2024

As we have seen with any sort of external reporting liabilities, this type of accountability does drive action. It’s our responsibility to ensure we don’t just do ESG reporting for the sake of reporting, and that it doesn’t impede actual progress in sustainability.

Measurement 60

Measurement Metrics Strategy Reporting 60

Andrew White

JANUARY 9, 2022

First, how we measure emissions and carbon footprint is about data design and policy. For example I would argue that most organizations that report their carbon footrest are not doing it consistently and nor are they doing it correctly. We have a lot of data literacy material published and we annually update our must-have roles work.

Analytics 64

Analytics Measurement Modeling Data-driven 64

IBM Big Data Hub

AUGUST 11, 2023

Data analytics and reporting: The MES software should provide comprehensive analytics and reporting capabilities, allowing you to track and analyze KPIs, production trends and efficiency metrics. ensure that the MES software complies with relevant standards and provides robust security measures to protect sensitive data.

Software 68

Software Manufacturing Cost-Benefit ROI 68

Occam's Razor

MARCH 23, 2010

Having two tools guarantees you are going to be data collection, data processing and data reconciliation organization. When it comes to proving which campaigns are better and which numbers to report to the management what will you do? There is such little risk to actually trying. Why do I need a case study?

Analytics 118

Analytics Consulting Metrics Experimentation 118

IBM Big Data Hub

SEPTEMBER 11, 2023

Each recommendation was grounded in the user research conducted and validated to render significant return on investment (ROI) to the business mission of AZDCS. The pain point tracker clusters the foundational data in which value metrics are then applied.

Data-driven 85

Data-driven IT Measurement Cost-Benefit 85

Alation

FEBRUARY 1, 2022

A new research report by Ventana Research, Embracing Modern Data Governance , shows that modern data governance programs can drive a significantly higher ROI in a much shorter time span. Historically, data governance has been a manual and restrictive process, making it almost impossible for these programs to succeed.

Data Lake 52

Data Lake Data Governance ROI Cost-Benefit 52

IBM Big Data Hub

AUGUST 4, 2023

Key considerations for data democratization As more organizations seek to evolve toward a culture of data democratization and build the architecture to support a data literate culture, they’ll realize several benefits—and encounter a few challenges along the way.

Data Architecture 59

Data Architecture Data Lake Machine Learning Data Governance 59