CIO Business Intelligence

FEBRUARY 7, 2024

We’ve seen an ongoing iteration of experimentation with a number of promising pilots in production,” he says. When a tool gets to the point where we believe we’re onto something, we ask what measurable business outcomes it will achieve,” he says. We’re now in the process of scaling and deploying it, because we’re able to measure it.”

KPI 102

KPI Measurement Experimentation Finance 102

Occam's Razor

FEBRUARY 7, 2022

Since you're reading a blog on advanced analytics, I'm going to assume that you have been exposed to the magical and amazing awesomeness of experimentation and testing. And yet, chances are you really don’t know anyone directly who uses experimentation as a part of their regular business practice. Wah wah wah waaah.

Experimentation 101

Experimentation Testing Optimization Marketing 101

Occam's Razor

SEPTEMBER 19, 2011

This: You understand all the environmental variables currently in play, you carefully choose more than one group of "like type" subjects, you expose them to a different mix of media, measure differences in outcomes, prove / disprove your hypothesis (DO FACEBOOK NOW!!!), Measuring Incrementality: Controlled Experiments to the Rescue!

Measurement 119

Measurement Advertising Testing Marketing 119

CIO Business Intelligence

NOVEMBER 13, 2023

Foster a culture of innovation: Digital transformation requires innovation and experimentation, and thus a culture for embracing new technologies and ideas. Leaders must clearly define what they want to achieve through digital transformation and how they plan to do it.

Digital Transformation 143

Digital Transformation Cost-Benefit Experimentation Measurement 143

CIO Business Intelligence

JUNE 15, 2023

And while 68% of leaders believe their companies have implemented adequate measures to ensure responsible use of AI, only 29% of their frontline employees feel that way. There are other ways in which employees’ concerns about AI is unevenly distributed, too. Leaders are more likely to be optimistic, and frontline workers concerned, BCG found.

Management 115

Management Experimentation Optimization Enterprise 115

CIO Business Intelligence

JUNE 14, 2023

Certifications measure your knowledge and skills against industry- and vendor-specific benchmarks to prove to employers that you have the right skillset. They should also have experience with pattern detection, experimentation in business, optimization techniques, and time series forecasting.

Big Data 126

Big Data Data Analytics Analytics Predictive Modeling 126

CIO Business Intelligence

AUGUST 25, 2023

In this conversation with Foundry, Mitali discusses the accelerated importance of technology in healthcare, on enabling healthcare providers with data and why her team isn’t afraid of experimentation. During performance evaluations, one of the criteria my team is measured on is their commitment to gaining new skills.

Experimentation 97

Experimentation Digital Transformation Technology Measurement 97

Occam's Razor

MAY 22, 2006

This post is a primer on the delightful world of testing and experimentation (A/B, Multivariate, and a new term from me: Experience Testing). Experimentation and testing help us figure out we are wrong, quickly and repeatedly and if you think about it that is a great thing for our customers, and for our employers. Counter claims?

Experimentation 103

Experimentation Testing Optimization Measurement 103

O'Reilly on Data

MARCH 31, 2020

Because it’s so different from traditional software development, where the risks are more or less well-known and predictable, AI rewards people and companies that are willing to take intelligent risks, and that have (or can develop) an experimental culture. Measurement, tracking, and logging is less of a priority in enterprise software.

Management 338

Management Machine Learning Experimentation Metrics 338

Alation

DECEMBER 20, 2022

Failing to measure the impact of digital transformation against corporate strategies and OKRs. The measurement of an improvement and transformation is important,” Shaun Guthrie , senior VP of IT at Peavy Industries, points out “[It’s] Not just whether you improved revenue, efficiency, etc., are business problems.”. but by how much.

Digital Transformation 96

Digital Transformation Scorecard Measurement Experimentation 96

DataRobot Blog

MARCH 16, 2023

Today, DataRobot unveiled a new AI platform designed to help businesses derive measurable value from AI – something that too many organizations today have been unable to achieve. We are offering customers rapid experimentation and value identification, with both code-first and no-code approaches. And we’re just getting started.

Experimentation 52

Experimentation Data-driven Measurement Enterprise 52

Data Science 101

JANUARY 15, 2020

Some pitfalls of this type of experimentation include: Suppose an experiment is performed to observe the relationship between the snack habit of a person while watching TV. Reliability: It means measurements should have repeatable results. For eg: you measure the blood pressure of a person.

Experimentation 96

Experimentation Statistics Measurement Testing 96

Corinium

JUNE 6, 2019

A properly set framework will ensure quality, timeliness, scalability, consistency, and industrialization in measuring and driving the return on investment. It is also important to have a strong test and learn culture to encourage rapid experimentation. What is the most common mistake people make around data?

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

Ontotext

JULY 6, 2023

It incorporates the knowledge of Subject Matter Experts and ensures accurate sentiment measurements. Experimentation with different technical analysis services becomes possible. Being able to provide a comprehensive understanding of market dynamics through sentiment measurement is crucial.

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52

DataKitchen

OCTOBER 5, 2021

DataOps enables: Rapid experimentation and innovation for the fastest delivery of new insights to customers. Clear measurement and monitoring of results. Measure success. Process measurement – construct dashboards on every aspect of the data lifecycle for unprecedented process transparency. Low error rates.

Testing 157

Testing Dashboards Measurement Experimentation 157

The Unofficial Google Data Science Blog

OCTOBER 7, 2015

by HENNING HOHNHOLD, DEIRDRE O'BRIEN, and DIANE TANG In this post we discuss the challenges in measuring and modeling the long-term effect of ads on user behavior. Nevertheless, A/B testing has challenges and blind spots, such as: the difficulty of identifying suitable metrics that give "works well" a measurable meaning.

Modeling 61

Modeling Experimentation Knowledge Discovery Testing 61

Jedox

SEPTEMBER 11, 2019

Experimental” Technology. Is AI truly experimental technology? It could be data sets that are usually very time consuming and can be automated or areas where prediction is not accurate enough and AI algorithms can make a visible, measurable impact. In most cases, the answer is no.

Forecasting 59

Forecasting Experimentation Sales Unstructured Data 59

CIO Business Intelligence

APRIL 4, 2022

The early days of the pandemic taught organizations like Avery Dennison the power of agility and experimentation. We are just starting to come back into the office, but in six months we’ll have a much better measure” of efficiencies gained. “I Employee crowdsourcing can yield breakthrough ideas.

Experimentation 133

Experimentation Interactive Business Objectives Manufacturing 133

Smart Data Collective

JULY 9, 2023

Optimizing Conversion Rates with Data-Driven Strategies A/B Testing and Experimentation for Conversion Rate Optimization A/B testing is essential for discovering which version of your website’s elements are most effective in driving conversions. Experimentation is the key to finding the highest-yielding version of your website elements.

Optimization 71

Optimization Data Analytics Analytics Data-driven 71

CIO Business Intelligence

SEPTEMBER 9, 2022

Measure the right outputs. It’s a curious truth about innovation that oftentimes the breakthroughs come not from directed, goal-oriented activity but something more akin to play or free-experimentation. Nobody likes to be treated like a line item on the budget. Passion and space to innovate.

Software 131

Software Experimentation Measurement Marketing 131

AWS Big Data

AUGUST 21, 2023

In particular, our experimentation shows that hybrid search, combining lexical and vector approaches, typically results in a 15% improvement in search result quality over lexical or vector search alone on industry-standard test sets, as measured by the NDCG@10 metric (Normalized Discounted Cumulative Gain in the first 10 results).

Data Processing 90

Data Processing Experimentation Visualization Metrics 90

DataRobot

JUNE 17, 2021

Traditionally, science has advanced in many cases by having brilliant researchers compete different hypotheses to explain experimental data, and then design experiments to measure which is correct. Distilling Free-Form Natural Laws from Experimental Data, Science 03 Apr 2009: Vol. So What is Eureqa? References. Schmidt, M.,

Modeling 52

Modeling Experimentation Machine Learning Measurement 52

Smart Data Collective

FEBRUARY 4, 2020

The greatest advantage of AI is that it can digest vast amounts of medical knowledge — from thousands of published reports and scientific papers, say — and devise novel predictions and formulations that would take human researchers years of inefficient experimentation to find. AI Casts a Wider Net for Clinical Trial Participants.

Experimentation 99

Experimentation Testing Modeling Strategy 99

CIO Business Intelligence

SEPTEMBER 12, 2022

Prioritize time for experimentation. Today, we come together on Microsoft Teams or Zoom and use tools like Miro and OneNote, but the core principles of open collaboration, free expression of ideas, and experimentation remain at the center of Voya’s innovation culture.” . From there, you can iterate on the ideas,’’ he says.

Experimentation 133

Experimentation Consulting Technology Machine Learning 133

CIO Business Intelligence

AUGUST 16, 2023

We put sensors in the vessels, and with the measurement data we receive, we can see how full they are and plan the routes accordingly,” says Andreas Bäckström, a business developer at Division Drift. Not for experiments For a company like Svevia, there’s no room for experimentation, underlines Wester. “We

Risk 94

Risk Cost-Benefit Digital Transformation Internet of Things 94

CIO Business Intelligence

APRIL 26, 2023

Experimentation broadens expertise, particularly in a rapidly evolving field like technology where being able to learn many new skills is key to both career and enterprise success, he says. Ensure there’s an ability to measure training effectiveness during and after the training program’s completion.”

IT 105

IT Experimentation Forecasting Technology 105

Rocket-Powered Data Science

JULY 7, 2019

Computer Vision: Data Mining: Data Science: Application of scientific method to discovery from data (including Statistics, Machine Learning, data visualization, exploratory data analysis, experimentation, and more). Industry 4.0 Examples: (1) Automated manufacturing assembly line. (2) 2) Roomba (vacuums your house). (3) 4) Prosthetics.

Internet of Things 157

Internet of Things Machine Learning Manufacturing IoT 157

Ontotext

FEBRUARY 14, 2024

How do you measure its utility? Experimentation is important, but be explicit when you do. There’s a famous saying by a statistician, George Box, “All models are wrong, but some are useful.” ” So, how do you know whether your model is useful? Start with “why?” Don’t fear growth.

Recreation/Entertainment 105

Recreation/Entertainment Data Integration Modeling Data Quality 105

CIO Business Intelligence

FEBRUARY 21, 2023

Heineken has embraced flexible working in teams, adopting agile methodologies and introducing two products teams for more than 80 experimentations where people can learn to apply scrum and agile ways of working. “Our role is to make sure the outlets are successful, and that works back to our success as well.”

Digital Transformation 104

Digital Transformation Sales Experimentation Optimization 104

The Unofficial Google Data Science Blog

JANUARY 16, 2018

Experimentation on networks A/B testing is a standard method of measuring the effect of changes by randomizing samples into different treatment groups. With A/B testing, we can validate various hypotheses and measure the impact of our product changes, allowing us to make better decisions. This could create confusion.

Testing 58

Testing Experimentation Measurement Modeling 58

DataRobot

JULY 27, 2021

Last fall, I penned a blog post around our Series F funding, focused on the fact that the era of experimental AI is over. AI needs to be a core part of every company’s strategy and culture, as well as a top company initiative with a focus on measurable results tied to value. . I stand by that notion wholeheartedly.

Machine Learning 98

Machine Learning Experimentation Modeling Forecasting 98

CIO Business Intelligence

JUNE 28, 2023

Experimentation with a use case driven approach. By that measure, you will indeed have done better than you thought. CIOs should position it accordingly within their own organizations, acknowledging its infancy, emphasizing its potential for productivity improvements, and heading off concerns that AI will mean rapid layoffs.

Enterprise 52

Enterprise Experimentation Risk Data-driven 52

IBM Big Data Hub

MARCH 4, 2024

This culture encourages experimentation and expertise growth. An AI+ enterprise mitigates potential harm by implementing robust measures to secure, monitor and explain AI models, as well as monitoring governance, risk and compliance controls across the hybrid cloud environment.

Enterprise 104

Enterprise ROI Risk Strategy 104

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

AWS Big Data

JANUARY 9, 2024

This functionality was initially released as experimental in OpenSearch Service version 2.4, Hybrid search, the combination of the two methods, gives 14% higher search relevancy (as measured by NDCG@10—a measure of ranking quality) than BM25 alone, so customers want to use hybrid search to get the best of both.

Cost-Benefit 89

Cost-Benefit Visualization Modeling Machine Learning 89

CIO Business Intelligence

MAY 16, 2023

It surpasses blockchain and metaverse projects, which are viewed as experimental or in the pilot stage, especially by established enterprises. Learn how to safeguard data and comply with changing laws, regulations, and operational requirements in Measuring Enterprise Information Governance Maturity.

Advertising 100

Advertising Recreation/Entertainment Experimentation Enterprise 100

DataRobot Blog

AUGUST 10, 2022

Snowflake provides a state-of the-art data platform for collating and analysing workforce data, and with the combined addition of DataRobot Solution Accelerator models, trusts can have predictive models running with little experimentation — further accelerated by the wide range of supportive datasets available through the Snowflake Marketplace.

Forecasting 52

Forecasting Experimentation Data-driven Risk 52