Remove Data Quality Remove Key Performance Indicator Remove Measurement Remove Risk
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The steep cost of a poor data management strategy

CIO Business Intelligence

A few years ago, Gartner found that “organizations estimate the average cost of poor data quality at $12.8 million per year.’” Beyond lost revenue, data quality issues can also result in wasted resources and a damaged reputation. Data management’s ROI Customers often ask me how to “make the case” for data management.

Strategy 115
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Two Downs Make Two Ups: The Only Success Metrics That Matter For Your Data & Analytics Team

DataKitchen

How to measure your data analytics team? So it’s Monday, and you lead a data analytics team of perhaps 30 people. Like most leaders of data analytic teams, you have been doing very little to quantify your team’s success. The Active Data Ratio metric determines the percentage of datasets that deliver value.

Metrics 130
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Digital KPIs: The secret to measuring transformational success

CIO Business Intelligence

Regardless of where organizations are in their digital transformation, CIOs must provide their board of directors, executive committees, and employees definitions of successful outcomes and measurable key performance indicators (KPIs). He suggests, “Choose what you measure carefully to achieve the desired results.

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Your Data Won’t Speak Unless You Ask It The Right Data Analysis Questions

datapine

This can include a multitude of processes, like data profiling, data quality management, or data cleaning, but we will focus on tips and questions to ask when analyzing data to gain the most cost-effective solution for an effective business strategy. 3) Where will your data come from?

IT 317
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Financial Dashboard: Definition, Examples, and How-tos

FineReport

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).

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Managing machine learning in the enterprise: Lessons from banking and health care

O'Reilly on Data

After the 2008 financial crisis, the Federal Reserve issued a new set of guidelines governing models— SR 11-7 : Guidance on Model Risk Management. In the remainder of this post, we'll list the key areas and recommendations covered in SR 11-7, and explain how they are relevant to recent developments in machine learning.

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Is your data supply chain a liability?

CIO Business Intelligence

Yet as companies fight for skilled analyst roles to utilize data to make better decisions , they often fall short in improving the data supply chain and resulting data quality. Without a solid data supply-chain management practices in place, data quality often suffers. First mile/last mile impacts.