IBM Big Data Hub

APRIL 18, 2024

LLMs like ChatGPT are trained on massive amounts of text data, allowing them to recognize patterns and statistical relationships within language. Here are some areas where organizations are seeing a ROI: Text (83%) : Gen AI assists with automating tasks like report writing, document summarization and marketing copy generation.

Cost-Benefit 95

Cost-Benefit Modeling Manufacturing Interactive 95

Ontotext

APRIL 3, 2024

Nimit Mehta: I think that 2024 is going to be a buckle-down year, but, at the same time, we’ll see a rapid explosion of experimentation. Show me the ROI.” These are not statistical inferences. So, this is a big driver for the outcome because when you are saving money for the business, you can measure it and see its value.

Technology 59

Technology Risk Digital Transformation Measurement 59

Corinium

APRIL 25, 2019

For example auto insurance companies offering to capture real-time driving statistics from policy-holders’ cars to encourage and reward safe driving. What do you recommend to organizations to harness this but also show a solid ROI? And more recently, we have also seen innovation with IOT (Internet Of Things).

Insurance 150

Insurance Risk IoT Cost-Benefit 150

Domino Data Lab

JUNE 23, 2019

Skomoroch proposes that managing ML projects are challenging for organizations because shipping ML projects requires an experimental culture that fundamentally changes how many companies approach building and shipping software. And then you’ll do a lot of work to get it out and then there’ll be no ROI at the end.

Management 110

Management Machine Learning Experimentation Metrics 110

Domino Data Lab

MAY 8, 2019

So much work in machine learning – either on the academic side which is focused on publishing papers or the industry side which is focused on ROI – tends to emphasize: How much predictive power (precision, recall) does the model have? Use of influence functions goes back to the 1970s in robust statistics.

Machine Learning 105

Machine Learning Data Science Modeling Visualization 105

Occam's Razor

MARCH 23, 2010

Part of it is fueled by a vocal minority genuinely upset that 10 years on we are still not a statistically powered bunch doing complicated analysis that is shifting paradigms. It would be silly to not pick up the high ROI low cost stuff first right? Oh and when I say Experimentation I don't mean testing button sizes (BOO!).

Analytics 118

Analytics Consulting Metrics Experimentation 118