O'Reilly on Data

JULY 28, 2020

The first step in building an AI solution is identifying the problem you want to solve, which includes defining the metrics that will demonstrate whether you’ve succeeded. It sounds simplistic to state that AI product managers should develop and ship products that improve metrics the business cares about. Agreeing on metrics.

Marketing 361

Marketing Experimentation Metrics Testing 361

Smart Data Collective

JULY 9, 2023

Understanding E-commerce Conversion Rates There are a number of metrics that data-driven e-commerce companies need to focus on. It is a crucial metric that provides priceless information about your website’s ability to transform visitors into paying customers. Some of the most important is conversion rates.

Optimization 73

Optimization Data Analytics Analytics Data-driven 73

Corinium

JUNE 6, 2019

It is also important to have a strong test and learn culture to encourage rapid experimentation. How can advanced analytics be used to improve the accuracy of forecasting? The use of newer techniques, especially Machine Learning and Deep Learning, including RNNs and LSTMs, have high applicability in time series forecasting.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

CIO Business Intelligence

MAY 1, 2024

For every optimistic forecast, there’s a caveat against a rush to launch. Pilots can offer value beyond just experimentation, of course. Saving just six minutes of developer time a month is enough to cover the cost, according to Redfin , although there are other metrics like code quality that organizations will want to track as well.

Cost-Benefit 134

Cost-Benefit Metrics Insurance Measurement 134

DataRobot Blog

OCTOBER 18, 2022

The DataRobot expo booth at the 2022 conference showcased our AI Cloud platform with industry-specific demonstrations including Anti-Money Laundering for Financial Services , Predictive Maintenance for Manufacturing and Sales Forecasting for Retail. DataRobot Fireside Chat at Big Data & AI Toronto 2022. See DataRobot AI Cloud in Action.

Big Data 96

Big Data Forecasting Experimentation Metrics 96

CIO Business Intelligence

MAY 20, 2024

This knowledge, generated through observation, reflection, study, and social interaction, led to a new companywide policy: “Let the grinder warm up for 15 minutes,” resulting in millions of dollars of extra profit at no additional cost. Serendipitous interactions are important for creative, innovative, or nonformulaic activities.

Management 100

Management Interactive Measurement Marketing 100

Cloudera

APRIL 9, 2021

Specifically, we’ll focus on training Machine Learning (ML) models to forecast ECC part production demand across all of its factories. Now that we have the high-level benefits of CML covered, let’s focus on the Electric Car Company use case of parts demand forecasting and start by adding a bit more color. Security & Governance.

Machine Learning 98

Machine Learning Forecasting Manufacturing Predictive Analytics 98