DataRobot Blog

SEPTEMBER 28, 2022

A new economic validation report shows the DataRobot AI Cloud platform can transform data science initiatives with a 3.5x ROI in a timeframe that’s up to 90% to 98% faster. In today’s rapidly changing economy, organizations need to see quick time to value from data science experiments and production models. return on investment.

ROI 52

ROI Strategy Enterprise Cost-Benefit 52

CIO Business Intelligence

MAY 30, 2024

That said, though CIOs have a clear vision of what their organizations will gain from AI, it’s clear that they are worried about their ability to demonstrate ROI. Just over 6 in 10 say that demonstrating ROI from any technology is very or extremely challenging. Today’s CIOs are working in a tornado of innovation.

ROI 104

ROI Digital Transformation Cost-Benefit Measurement 104

Smart Data Collective

OCTOBER 21, 2020

The concept of email marketing predates the big data phenomenon by at least 20 years. However, data-driven insights have clearly played a profound role in the future of email marketing. Companies need to find new ways to use big data to embrace new email strategies. The Evolution of Email in the Age of Big Data.

Data-driven 79

Data-driven Big Data Metrics Machine Learning 79

Smart Data Collective

AUGUST 29, 2019

The sales profession is responding to major changes brought by big data. The big data revolution is making the sales industry more efficient and effective than ever. In 2019, Forbes contributor Louis Columbus wrote a great article on the ways that big data is changing the sales and marketing profession. Start blogging.

Sales 73

Sales Data-driven Marketing Strategy 73

Smart Data Collective

JULY 13, 2021

Big data has turned the marketing profession on its head. A growing number of marketers are exploring new data-driven solutions to reach new customers and boost their overall ROI. We mostly talk about the benefits of using big data to improve the targeting of your advertising campaigns. Use Visual Metaphors.

Advertising 73

Advertising Data-driven Big Data Visualization 73

Smart Data Collective

SEPTEMBER 8, 2020

You can see how big data and AI are being utilized by the most astute CBD marketers. You can get a better sense of the role that big data plays in the changing direction of the market. So how can you stand out in a crowded marketplace by leveraging data analytics ? Big Data is Driving Major Changes in the CBD Industry.

Data-driven 109

Data-driven Marketing Big Data Advertising 109

Smart Data Collective

OCTOBER 3, 2019

Big data is playing a vital role in the evolution of small business. A compilation of research from the G2 Learning Hub Shows the number of businesses relying on big data is rising. They cited one study showing that 40% of businesses need to use unstructured data on a nearly daily basis.

Data-driven 79

Data-driven Marketing Big Data Machine Learning 79

Rocket-Powered Data Science

MARCH 19, 2019

We hear a lot of hype that says organizations should be “ Data – first ”, or “AI- first , or “ Data – driven ”, or “ Technology – driven ”. Analytics are the products, the outcomes, and the ROI of our Big Data , Data Science, AI, and Machine Learning investments!

Analytics 193

Analytics Metrics Data-driven Machine Learning 193

Rocket-Powered Data Science

OCTOBER 6, 2023

In the world of data there are other types of nuanced applications of business analytics that are also actionable – perhaps these are not too different from predictive and prescriptive, but their significance, value, and implementation can be explained and justified differently. This is predictive power discovery.

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

O'Reilly on Data

MARCH 31, 2020

If you’re already a software product manager (PM), you have a head start on becoming a PM for artificial intelligence (AI) or machine learning (ML). AI products are automated systems that collect and learn from data to make user-facing decisions. Why AI software development is different.

Management 327

Management Machine Learning Experimentation Metrics 327

Rocket-Powered Data Science

FEBRUARY 12, 2021

One can automate a very complicated and time-consuming process, even for a one-time bespoke application – the ROI must be worth it, to justify doing this only once. IA incorporates feedback, learning, improvement, and optimization in the automation loop. The average ROI from RPA/IA deployments is 250%.

ROI 234

ROI Digital Transformation Reporting Machine Learning 234

CIO Business Intelligence

FEBRUARY 14, 2023

By George Trujillo, Principal Data Strategist, DataStax Increased operational efficiencies at airports. To succeed with real-time AI, data ecosystems need to excel at handling fast-moving streams of events, operational data, and machine learning models to leverage insights and automate decision-making.

Data Strategy 111

Data Strategy Strategy Machine Learning Data-driven 111

Sisense

JUNE 22, 2021

Your customers interact with multiple campaigns: They start with a TV ad, see a Facebook ad, see a Google Ad two days later, discover an SEO-driven blog article, and finally click on an email discount offer to make a purchase. The problem for marketers is how much weight to attribute to each channel to determine budget allocation and ROI.

Data-driven 52

Data-driven Sales Marketing Key Performance Indicator 52

Rocket-Powered Data Science

JULY 21, 2023

as likely to say that their ROI on observability tools far exceeded expectations. By providing real-time data insights into all aspects of business and IT operations, Splunk’s comprehensive visibility and observability offerings enhance digital resilience across the full enterprise. Leaders are 7.9x

Machine Learning 190

Machine Learning Metrics Reporting Internet of Things 190

CIO Business Intelligence

APRIL 19, 2024

Interest in AI, building since last year, will push a 10% increase in data center system spending this year, driving worldwide IT spending to $5.06 Many gen AI initiatives are being driven off the board and the C-level executives with this fear of falling behind,” he said.

IT 128

IT Software Cost-Benefit ROI 128

IBM Big Data Hub

NOVEMBER 29, 2023

In 2023, the IBM® Institute for Business Value (IBV) surveyed 2,500 global executives and found that best-in-class companies are reaping a 13% ROI from their AI projects—more than twice the average ROI of 5.9%. Non-symbolic AI can be useful for transforming unstructured data into organized, meaningful information.

Unstructured Data 87

Unstructured Data Data-driven ROI Machine Learning 87

Jet Global

FEBRUARY 18, 2020

Gary Melling is the President and CEO of Acquired Insights, a firm that designs customized AI applications and tech-driven strategic initiatives. We hear about companies becoming “data-driven.” What’s distinct about working with digital data compared to the insights of the past? Are there institutional obstacles?

Data-driven 64

Data-driven Machine Learning Cost-Benefit ROI 64

Corinium

JUNE 6, 2019

Are you seeing currently any specific issues in the Insurance industry that should concern Chief Data & Analytics Officers? Lack of clear, unified, and scaled data engineering expertise to enable the power of AI at enterprise scale. The data will enable companies to provide more personalized services and product choices.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

Smart Data Collective

APRIL 21, 2022

We have pointed out in the past that big data offers a number of benefits for online commerce. One of the most important benefits of data analytics pertains to optimizing websites for a good user experience. One study found that the ROI of UX strategies is 9,900%. Data analytics can help with the UX process.

Data Analytics 116

Data Analytics Analytics Big Data Machine Learning 116

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. BI software uses algorithms to extract actionable insights from a company’s data and guide its strategic decisions.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

Decision Management Solutions

JULY 8, 2020

The research looked at the increasingly broad portfolio of analytic capabilities available to enterprises – everything from traditional Business Intelligence (BI) capabilities like reporting and ad-hoc queries to modern visualization and data discovery capabilities as well as advanced (predictive) analytics. Monitoring.

Reporting 134

Reporting Analytics ROI Key Performance Indicator 134

CIO Business Intelligence

FEBRUARY 16, 2024

These HCM services include applicant tracking, compensation, talent, and learning management, as well as insurance and retirement services. ADP remains the 500-pound gorilla in payroll and, with its rich data, can literally tell you what’s really moving the economy,” said Pete A.

Digital Transformation 112

Digital Transformation Experimentation Cost-Benefit Machine Learning 112

CIO Business Intelligence

JANUARY 23, 2024

Keep the number of metrics small and manageable, ideally three or four, and at most seven key ones because people cannot focus on multiple pages of data.” Efficiency metrics might show the impacts of automation and data-driven decision-making. He suggests, “Choose what you measure carefully to achieve the desired results.

Measurement 134

Measurement Digital Transformation KPI Metrics 134

CIO Business Intelligence

SEPTEMBER 10, 2022

Like many insights-driven organizations, the United States Patent and Trademark Office (USPTO) leverages data analytics and technologies such as AI and machine learning (ML) to increase the efficiency and performance of its operations and to improve the quality of systems and processes.

Data-driven 109

Data-driven Machine Learning ROI Modeling 109

CIO Business Intelligence

MAY 9, 2024

They should lead the efforts to tie AI capabilities to data analytics and business process strategies and champion an AI-first mindset throughout the organization. They also need to understand the vitality of quality data for AI success, as well as governance frameworks to ensure responsible and ethical use of AI.

Risk Management 137

Risk Management Risk Cost-Benefit Technology 137

Smart Data Collective

OCTOBER 19, 2021

Data analytics has become a major gamechanger for the cryptocurrency industry. Traders and miners have discovered a number of advantages of using big data and AI tools to improve their profitability. One of the newest applications of data analytics in cryptocurrency mining is with yield farming.

Data Analytics 111

Data Analytics Analytics Big Data ROI 111

DataRobot Blog

DECEMBER 15, 2022

AI-powered Time Series Forecasting may be the most powerful aspect of machine learning available today. By simplifying Time Series Forecasting models and accelerating the AI lifecycle, DataRobot can centralize collaboration across the business—especially data science and IT teams—and maximize ROI.

Forecasting 81

Forecasting Modeling ROI Machine Learning 81

Cloudera

AUGUST 30, 2022

Data-fuelled innovation requires a pragmatic strategy. This blog lays out some steps to help you incrementally advance efforts to be a more data-driven, customer-centric organization. For example, providers can start by including more real-time data streams that can enhance customer interactions.

Strategy 105

Strategy Data Strategy ROI Cost-Benefit 105

Smart Data Collective

AUGUST 10, 2021

In today’s market, it’s hard to thrive or even just survive without collecting data. Data can help them create strategies based on these powerful forces. The good news is that it’s never been easier to collect and organize data. In the early days of analytics, only the largest companies could afford to leverage big data.

Analytics 127

Analytics Data-driven Advertising Data Science 127

AWS Big Data

NOVEMBER 29, 2023

In 2013, Amazon Web Services revolutionized the data warehousing industry by launching Amazon Redshift , the first fully-managed, petabyte-scale, enterprise-grade cloud data warehouse. Amazon Redshift made it simple and cost-effective to efficiently analyze large volumes of data using existing business intelligence tools.

Data Warehouse 103

Data Warehouse Data Lake Analytics Machine Learning 103

DataRobot Blog

AUGUST 18, 2022

Those who become AI driven will become market leaders and will be better positioned to capture new markets and maximize profits. The benefits of AI in supply chain provides data-driven insights that help supply chain and logistics organizations solve their hardest problems, drive success, and deliver real ROI.

Manufacturing 98

Manufacturing Cost-Benefit Forecasting Data-driven 98

Smart Data Collective

JANUARY 14, 2021

Machine learning has drastically changed the direction of the financial industry. In 2019, Forbes published an article showing that machine learning can increase productivity of the financial services industry by $140 billion. The best stock analysis software relies heavily on new machine learning algorithms.

Predictive Analytics 81

Predictive Analytics Forecasting Analytics Machine Learning 81

DataRobot Blog

JANUARY 12, 2023

By outsourcing the day-to-day management of the data science platform to the team who created the product, AI builders can see results quicker and meet market demands faster, and IT leaders can maintain rigorous security and data isolation requirements. Delivering more than 1.4 Sudhir Hasbe.

Management 59

Management Data-driven ROI Cost-Benefit 59

IBM Big Data Hub

AUGUST 8, 2023

As more businesses migrate to Kubernetes-driven environments, an unintended consequence has become increasingly apparent: a surge in cloud costs. Next, machine learning capabilities play a vital role in optimizing resource allocations by analyzing historical data and predicting future resource demands for each deployment.

Optimization 51

Optimization Cost-Benefit Machine Learning ROI 51

CIO Business Intelligence

MARCH 11, 2024

Nearly half of CIOs and close to a third line-of-business managers have cited AI and machine learning as the most strategically important area of concern this year, according to Foundry’s 2024 State of the CIO Study. Restructure and re-engineer the core data platform. The following is an outline of that approach.

Data-driven 67

Data-driven Strategy ROI Machine Learning 67

DataRobot

JANUARY 13, 2022

Many companies find that they have a treasure trove of data but lack the expertise to use it to improve ROI. AI can help them wrangle the data that’s collected and quickly answer important questions. But they often don’t have enough data scientists with the full range of domain expertise to realize its full value.

ROI 52

ROI Machine Learning Experimentation Data Science 52

Smart Data Collective

MARCH 5, 2021

Data analytics has been a very important aspect of modern marketing strategies. A growing number of companies are using data analytics to reach customers through virtually every channel, including email. Email marketing is even more effective for companies that know how to use data analytics to get the most out of it.

Marketing 143

Marketing Data Analytics Analytics ROI 143