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 88

Cost-Benefit Insurance Unstructured Data Machine Learning 88

CIO Business Intelligence

JANUARY 3, 2024

At the planning stage, this can enable plan simulation and various what-if scenario testing prior to committing to real-world investment. According to Rapos, early incorporation allows for better data collection, more accurate modeling, and immediate feedback during the construction or development phase.

Cost-Benefit 136

Cost-Benefit ROI Manufacturing Optimization 136

datapine

JULY 6, 2022

Your Chance: Want to test a professional KPI tracking software? Your Chance: Want to test a professional KPI tracking software? No matter what you decide to do about your data, make sure you keep recording. Future data will prove the effectiveness of your remedies, allowing for more productive solutions in the future.

Measurement 243

Measurement Metrics KPI Sales 243

datapine

OCTOBER 14, 2020

Your Chance: Want to test interactive dashboard software for free? An interactive dashboard is a data management tool that tracks, analyzes, monitors, and visually displays key business metrics while allowing users to interact with data, enabling them to make well-informed, data-driven, and healthy business decisions.

Dashboards 235

Dashboards Interactive Reporting KPI 235

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. Here’s where I get baffled by people who use words such as agile or lean to describe process for data science.

Machine Learning 105

Machine Learning Data Science Modeling Visualization 105

Domino Data Lab

JUNE 23, 2019

As a result, Skomoroch advocates getting “designers and data scientists, machine learning folks together and using real data and prototyping and testing” as quickly as possible. And then you’ll do a lot of work to get it out and then there’ll be no ROI at the end. Testing is critical. Transcript.

Management 110

Management Machine Learning Experimentation Metrics 110

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

If after rigorous analysis you have determined that you have evolved to a stage that you need a data warehouse then you are out of luck with Yahoo! If you can show ROI on a DW it would be a good use of your money to go with Omniture Discover, WebTrends Data Mart, Coremetrics Explore. Five Reasons And Awesome Testing Ideas.

Analytics 135

Analytics Testing Measurement Optimization 135

Occam's Razor

MARCH 23, 2010

Having two tools guarantees you are going to be data collection, data processing and data reconciliation organization. If you blog that a short on-exit survey or a feedback button is a great way to collect voice of customer, I don't have to be lazy or hyper paranoid and wait for a convincing case study.

Analytics 118

Analytics Consulting Metrics Experimentation 118

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

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. Plus blatant overuse of intertextual parataxis.

Data Science 49

Data Science Deep Learning Machine Learning Modeling 49

Rocket-Powered Data Science

JULY 21, 2023

as likely to say that their ROI on observability tools far exceeded expectations. testing for hypothesized threats, behaviors, and activities), (2) Baseline (i.e., search for deviations from normal behaviors through EDA: Exploratory Data Analysis), and (3) M-ATH (i.e., Leaders are 7.9x

Machine Learning 189

Machine Learning Metrics Reporting Internet of Things 189

DataKitchen

JUNE 24, 2021

And once we cracked the code on that alternative reality and they saw that we weren’t just talking about running a test but continuous testing every step or instantiating a transit environment to recreate a test environment in seconds rather than days. DataOps Maximizes Your ROI. Design for measurability.

ROI 211

ROI Metrics Measurement Cost-Benefit 211

Occam's Razor

APRIL 21, 2014

Grow traffic first, with even with bad measurement I can find positive ROI areas for growth or invest time getting Analytics in order first for more objective decision making? Transforming data into insights. Both are large scale issues requiring buy in from execs and multiple departments. You are doing what makes you happy.

Marketing Analytics 131

Marketing Analytics Marketing Analytics Measurement 131

Jet Global

MAY 15, 2020

Quick Ratio – This financial metric is commonly referred to as the “Acid Test Ratio” (acid was historically used to determine if gold was genuine or not). Return on Investment (ROI) – This financial performance indicator measures the amount of money an investment has made relative to the cost of the investment.

Metrics 98

Metrics Finance Reporting KPI 98

Smart Data Collective

JULY 2, 2019

At Smart Data Collective, we strive to have a balanced conversation about the impact of big data. There are obviously a lot of beneficial changes that big data has spurred. However, big data has also created some important challenges as well, which we feel duty-bound to discuss.

Big Data 78

Big Data ROI Testing Statistics 78

Alation

FEBRUARY 17, 2023

Discussing time-to-value, the ROI of good data use, sales growth, and cost reductions are a great set of examples to use and build confidence in your governance program. Do testing companies use data governance tools? Yes, testing companies use data governance tools. Second, think like an executive.

Data Governance 52

Data Governance Data Quality Metadata Cost-Benefit 52

Occam's Razor

APRIL 29, 2013

PS: The phrase "real-time data analysis" is an oxymoron. Real-time data is super valuable if zero human beings are involved from data collection to action being taken. PS: Bonus : Facebook Advertising / Marketing: Best Metrics, ROI, Business Value. PPS: I've mentioned one exception in the past.

Marketing 166

Marketing Metrics Advertising Measurement 166

Occam's Razor

FEBRUARY 9, 2015

How is competitive intelligence data collected? Competitive intelligence data will never match your site's analytics tool. CI data collection. How does any tool have access to your website or mobile app data? But in the lovely environment of the web there are a number of ways to collect your data.

Metrics 155

Metrics Reporting IT Advertising 155

Jet Global

MAY 1, 2023

Return on Investment Now we bring it all together to calculate the ROI on embedded analytics. Costs: The investment in developing and maintaining the solution. “-1”: The formula assures that a positive ROI is achieved only when benefits exceed the costs. The formula looks like this: ($750k / $250k) = 3, so the ROI is 200 percent.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52