CIO Business Intelligence

OCTOBER 18, 2023

If anything, 2023 has proved to be a year of reckoning for businesses, and IT leaders in particular, as they attempt to come to grips with the disruptive potential of this technology — just as debates over the best path forward for AI have accelerated and regulatory uncertainty has cast a longer shadow over its outlook in the wake of these events.

Risk 141

Risk Manufacturing Enterprise Technology 141

CIO Business Intelligence

JANUARY 15, 2024

He says to do otherwise would risk being left behind. “AI Storytelling inspires bold change; it inspires teams to follow your vision and take the risks you need to take.” Storytelling makes it memorable, versus facts or concepts that might go in one ear and out the other,” she explains. Who wouldn’t want to be able to do that?

IT 131

IT Consulting Strategy Sales 131

CIO Business Intelligence

JULY 7, 2023

As an IT management framework, ITIL can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. ITIL certification is near the top of almost every list of must-have IT certifications, and for good reason.

Cost-Benefit 98

Cost-Benefit Strategy Management Uncertainty 98

Jet Global

OCTOBER 8, 2020

Not only have finance teams had to close companies’ books remotely, but they’ve also been required to provide the insight and information needed for some extremely complex decision-making, and continuously plan and forecast for events with little or no historical context. Tip 2: Improving accounts receivable procedures.

Finance 98

Finance Reporting Forecasting Metrics 98

Smart Data Collective

FEBRUARY 2, 2021

Especially during this time of uncertainty, customers want to know that the businesses they are buying from are ready to protect their personal information. To reduce this risk, companies should only keep the information they need and ensure that all necessary files are kept encrypted. Data breaches damage reputations.

Data Processing 65

Data Processing Risk Uncertainty Strategy 65

CIO Business Intelligence

SEPTEMBER 12, 2022

“It requires bold bets and a willingness to persevere despite setbacks, criticism, and uncertainty,’’ wrote McKinsey senior partners Laura Furstenthal and Erik Roth in a recent blog post. “By Santhosh Keshavan, executive vice president and CIO, Voya. Bring customer-centricity into the conversation.

Experimentation 133

Experimentation Consulting Technology Machine Learning 133

IBM Big Data Hub

APRIL 18, 2024

Beyond cost savings, organizations seek tangible ways to measure gen AI’s return on investment (ROI), focusing on factors like revenue generation, cost savings, efficiency gains and accuracy improvements, depending on the use case. The AGI would need to handle uncertainty and make decisions with incomplete information.

Cost-Benefit 98

Cost-Benefit Modeling Manufacturing Interactive 98

bridgei2i

JUNE 3, 2020

Consumers feel threatened by the prolonged uncertainty, not having had to deal with anything like it, in their lives. Demand for minimal physical interaction/low human touch products: Due to the risk of infection, customers want to pick up products with minimal human contact.

Manufacturing 52

Manufacturing Forecasting Uncertainty Digital Transformation 52

The Unofficial Google Data Science Blog

JANUARY 14, 2016

Unlike experimentation in some other areas, LSOS experiments present a surprising challenge to statisticians — even though we operate in the realm of “big data”, the statistical uncertainty in our experiments can be substantial. We must therefore maintain statistical rigor in quantifying experimental uncertainty.

Experimentation 41

Experimentation Statistics Metrics Measurement 41

bridgei2i

MAY 4, 2020

So the COVID-19 crisis response has hence been centrifugal, and it has varied across countries with respect to infections, control, and lockdown measures. While customer confidence also takes time to recover from rising unemployment, the economic uncertainty, and anxiousness. So the focus here is also to protect lives and livelihoods.

Enterprise 91

Enterprise Digital Transformation Sales Recreation/Entertainment 91

The Unofficial Google Data Science Blog

AUGUST 27, 2019

by YI LIU Importance sampling is used to improve precision in estimating the prevalence of some rare event in a population. But importance sampling in statistics is a variance reduction technique to improve the inference of the rate of rare events, and it seems natural to apply it to our prevalence estimation problem.

Metrics 98

Metrics Statistics Uncertainty Optimization 98

The Unofficial Google Data Science Blog

APRIL 17, 2017

Quantification of forecast uncertainty via simulation-based prediction intervals. First, the system may not be understood, and even if it was understood it may be extremely difficult to measure the relationships that are assumed to govern its behavior. They may result from launches, logging changes, or external events.

Forecasting 83

Forecasting Modeling Statistics Uncertainty 83

DataKitchen

SEPTEMBER 21, 2023

The uncertainty of not knowing where data issues will crop up next and the tiresome game of ‘who’s to blame’ when pinpointing the failure. After navigating the complexity of multiple systems and stages to bring data to its end-use case, the final product’s value becomes the ultimate yardstick for measuring success.

Testing 176

Testing Data Quality Predictive Modeling Metrics 176

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

This classification is based on the purpose, horizon, update frequency and uncertainty of the forecast. A single model may also not shed light on the uncertainty range we actually face. These characteristics of the problem drive the forecasting approaches.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

Domino Data Lab

JUNE 2, 2019

Trying to dissect a model to divine an interpretation of its results is a good way to throw away much of the crucial information – especially about non-automated inputs and decisions going into our workflows – that will be required to mitigate existential risk. Measure how these decisions vary across your population.

Data-driven 110

Data-driven Data Science Machine Learning Modeling 110

O'Reilly on Data

DECEMBER 9, 2019

Because of this trifecta of errors, we need dynamic models that quantify the uncertainty inherent in our financial estimates and predictions. Practitioners in all social sciences, especially financial economics, use confidence intervals to quantify the uncertainty in their estimates and predictions.

Statistics 27

Statistics Uncertainty Risk Marketing 27

Peter James Thomas

AUGUST 12, 2018

This piece was prompted by both Olaf’s question and a recent article by my friend Neil Raden on his Silicon Angle blog, Performance management: Can you really manage what you measure? It is hard to account for such tweaking in measurement systems. Some relate to inherent issues with what is being measured.

Metrics 49

Metrics Statistics Data Quality Measurement 49

The Unofficial Google Data Science Blog

MAY 31, 2016

It is important that we can measure the effect of these offline conversions as well. How can we connect an event of purchase to the event of perceiving the ad if the purchase does not happen immediately? Panel studies make it possible to measure user behavior along with the exposure to ads and other online elements.

Advertising 42

Advertising Testing Sales Statistics 42

Jet Global

FEBRUARY 2, 2023

As a result, measuring success by financials alone isn’t enough for construction and engineering professionals. Due to the Infrastructure Investment and Jobs Act of 2022 in the United States, nonresidential construction is expected to continue expanding despite expected uncertainty in 2023. trillion worldwide by 2030.

Uncertainty 52

Uncertainty KPI Reporting Measurement 52

Jet Global

NOVEMBER 16, 2021

A logistics key performance indicator (KPI) is a quantitative tool used by businesses to measure performance within their logistics department. Logistics KPIs can measure a variety of metrics, most of which pertain to purchasing, warehousing, transportation, delivery of goods, and financials. Measurable: Is your metric quantifiable?

Metrics 84

Metrics Reporting Key Performance Indicator KPI 84

Jet Global

JULY 14, 2022

But you can mitigate risks of business cash flow problems by having the right tools at your side. The accrual basis of accounting measures the financial position and performance of your business by understanding economic events regardless of when cash transactions occur. It’s a measure of negative cash flow. Credit Limit.

Finance 52

Finance Cost-Benefit Measurement Sales 52

Jet Global

DECEMBER 14, 2020

By any measure, 2020 has been a difficult year for organizations to navigate. Some academics and other stakeholders have recommended extraordinary revenue-raising measures, says the OECD, and “suggestions to use the tax system to tax back additional income earned during the crisis are being floated.”.

Uncertainty 98

Uncertainty Forecasting Measurement Reporting 98

Jet Global

MAY 10, 2021

At a time of great uncertainty, the role of finance professionals has, of necessity, evolved into an ever more strategic one. Risk and compliance issues that may impact certain actions or decisions. Improving credit risk analysis. As organizational priorities shift, so too do the priorities of finance teams.

Finance 98

Finance Recreation/Entertainment Reporting Uncertainty 98

Jet Global

JUNE 28, 2022

We’re also seeing greater volatility in global events, uncertainty in global trade policies, and more. The reputational risks associated with regulatory audits and last minute scrambles to complete tax returns are too great, and the upside for truly managing the ‘data behind the numbers’ is now simply too large to ignore.

Software 52

Software Forecasting Reporting Finance 52

Jet Global

OCTOBER 14, 2022

Siloing comes with its fair share of risks, such as: Disconnect between departments. The popular product is at risk of selling out, preventing the organization from earning additional profit and harming customer relations. Supply chain uncertainty isn’t going anywhere. Inefficiency. Sub-par customer service. Privacy Policy.

Finance 52

Finance Reporting Operational Reporting Forecasting 52