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.”.

Digital Transformation 96

Digital Transformation Scorecard Measurement Experimentation 96

The Unofficial Google Data Science Blog

JULY 22, 2020

by ALEXANDER WAKIM Ramp-up and multi-armed bandits (MAB) are common strategies in online controlled experiments (OCE). These strategies involve changing assignment weights during an experiment. The first is a strategy called ramp-up and is advised by many experts in the field [1].

Experimentation 95

Experimentation Statistics Testing Strategy 95

O'Reilly on Data

MARCH 31, 2020

This means that the AI products you build align with your existing business plans and strategies (or that your products are driving change in those plans and strategies), that they are delivering value to the business, and that they are delivered on time. AI product estimation strategies.

Management 332

Management Machine Learning Experimentation Metrics 332

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 109

Management Experimentation Optimization Enterprise 109

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

IBM Big Data Hub

MARCH 4, 2024

While many organizations have implemented AI, the need to keep a competitive edge and foster business growth demands new approaches: simultaneously evolving AI strategies, showcasing their value, enhancing risk postures and adopting new engineering capabilities. This culture encourages experimentation and expertise growth.

Enterprise 104

Enterprise ROI Risk Strategy 104

CIO Business Intelligence

OCTOBER 9, 2023

Tech leaders must focus on a business-aligned tech strategy to deliver on the competing mandates, Guarini says. “A A business-aligned technology strategy is built on architecture and agility, the ‘what’ and the ‘how’ of better alignment,’’ he explains. Innovation, IT Leadership, IT Operations, IT Strategy

Strategy 135

Strategy Technology Experimentation Testing 135

Smart Data Collective

JULY 9, 2023

This article is going to provide some great insights on developing strategies for unlocking additional value from an online business, which can do a lot to boost revenue and catapult the enterprise to new heights. Experimentation is the key to finding the highest-yielding version of your website elements.

Optimization 73

Optimization Data Analytics Analytics Data-driven 73

Corinium

JUNE 6, 2019

Beyond that, we recommend setting up the appropriate data management and engineering framework including infrastructure, harmonization, governance, toolset strategy, automation, and operating model. It is also important to have a strong test and learn culture to encourage rapid experimentation.

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

CIO Business Intelligence

APRIL 18, 2022

While it’s critical for tech leaders to communicate throughout a digital project, it’s also important to communicate appropriately, says Rich Nanda, US strategy and analytics offerings leader, at Deloitte Consulting. Rich Nanda, US strategy and analytics offerings leader, Deloitte Consulting. They invest in cloud experimentation.

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145

CIO Business Intelligence

FEBRUARY 8, 2024

Frank LaQuinta is head of digital, data, and operations at Edward Jones, a role that encompasses responsibility for the financial services firm’s technology, digital, and data leadership, vision, and strategy. When you decide on strategy or where to play, you must play to win. Financial Services Industry, IT Leadership, IT Strategy

Strategy 92

Strategy Experimentation Risk Technology 92

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 91

Data Processing Experimentation Visualization Metrics 91

CIO Business Intelligence

AUGUST 17, 2023

“Generative AI is a key part of our business strategy, facilitating growth with AI-enabled processes already live in production,” he says. Neil Ward-Dutton, VP, AI and Intelligent Process Automation European Practices at IDC , suggests that generative AI usage is high but business strategy may lag.

Risk 97

Risk Cost-Benefit Strategy Experimentation 97

CIO Business Intelligence

FEBRUARY 21, 2023

As part of Heineken’s 2021 EverGreen strategy to commit to future-proof the organization, adapt to market dynamics, and emerge stronger from the pandemic, there’s the objective to digitally transform the business and its relations with stakeholders. “Our There’s also a growing emphasis on improving team performance.

Digital Transformation 100

Digital Transformation Sales Experimentation Optimization 100

Smart Data Collective

FEBRUARY 4, 2020

Of all clinical trial failures between 2013 and 2015, 24% of new drugs were rejected due to safety concerns and 15% were rejected due to an incompatible corporate strategy (not profitable enough, the company was acquired mid-trial or went bankrupt, etc.). 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. I prefer to talk about changes in direction or strategies that don’t work,” instead of thinking an experiment or project has failed if it doesn’t work the way you thought it would, says Lorraine Marchand, author of the new book, The Innovation Mindset: Eight Essential Steps To Transform Any Industry.

Experimentation 130

Experimentation Consulting Technology Machine Learning 130

CIO Business Intelligence

APRIL 4, 2022

As the dust has settled, many tech leaders have found that changes they were forced to make to their work strategies, leadership styles, and team structures have turned out to be team-transforming epiphanies that will endure going forward. Employee crowdsourcing can yield breakthrough ideas.

Experimentation 131

Experimentation Interactive Business Objectives Manufacturing 131

CIO Business Intelligence

MAY 16, 2023

To gain perspective, Iron Mountain sponsored research by Quadrant Strategies, which used digital listening technologies to study public online conversation trends among enterprise decision-makers. It surpasses blockchain and metaverse projects, which are viewed as experimental or in the pilot stage, especially by established enterprises.

Advertising 94

Advertising Recreation/Entertainment Experimentation Enterprise 94

The Unofficial Google Data Science Blog

APRIL 16, 2019

by MICHAEL FORTE Large-scale live experimentation is a big part of online product development. This means a small and growing product has to use experimentation differently and very carefully. This blog post is about experimentation in this regime. But these are not usually amenable to A/B experimentation.

Experimentation 68

Experimentation Sales Metrics Measurement 68

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. “By Don’t let urgent things cloud your long-term strategy.” By focusing on creating well-rounded teams, you’re thinking long term,” she says.

IT 102

IT Experimentation Forecasting Technology 102

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

OCTOBER 18, 2023

Gen AI boom in the making Many early and established forays into generative AI are being developed on the AI platforms of cloud leaders Microsoft, Google, and Amazon, reportedly with numerous guardrails and governance measures in place to contain unrestricted exploration. Generative AI, IT Leadership, IT Strategy

Risk 139

Risk Manufacturing Enterprise Technology 139

Occam's Razor

APRIL 29, 2013

Many used some data, but they unfortunately used silly data strategies/metrics. And silly simply because as soon as the strategy/success metric being obsessed about was mentioned, it was clear they would fail. That is a cheaper systems/platform/data strategy. Because Likes (and +1s, Followers) measure a fleeting Hello.

Marketing 166

Marketing Metrics Advertising Measurement 166

AWS Big Data

JANUARY 9, 2024

This can include comparing lexical search, semantic search, and hybrid search techniques to understand the benefits of each technique against your corpus, or adjustments such as field weighting and different stemming or lemmatization strategies. This functionality was initially released as experimental in OpenSearch Service version 2.4,

Cost-Benefit 90

Cost-Benefit Visualization Modeling Machine Learning 90

DataRobot Blog

AUGUST 10, 2022

NHS organisations are used to using workforce KPIs to manage staffing levels, but the real opportunity is being able to identify staff that are at risk of leaving post and to implement strategies to retain their much needed talent. Resetting urgent care performance and delivery.

Forecasting 52

Forecasting Experimentation Data-driven Risk 52

AWS Big Data

NOVEMBER 14, 2023

Amazon Kinesis Data Streams is a foundational data strategy pillar for tens of thousands of customers. A data strategy that incorporates streaming is necessary to deliver personalization and proprietary data that is available for querying in real time. Real-time streaming data technologies are essential for digital transformation.

IoT 55

IoT Data-driven Data Lake Data Strategy 55

DataKitchen

APRIL 13, 2021

DataOps requires that teams measure their analytic processes in order to see how they are improving over time. Comet.ML — Allows data science teams and individuals to automagically track their datasets, code changes, experimentation history and production models creating efficiency, transparency, and reproducibility. Azure DevOps.

Testing 307

Testing Machine Learning Consulting Data Quality 307

The Unofficial Google Data Science Blog

MARCH 22, 2018

But what if users don't immediately uptake the new experimental version? Background At Google, experimentation is an invaluable tool for making decisions and inference about new products and features. For example, we might want to stop the process if we measure harmful effects early. What if their uptake rate is not uniform?

Experimentation 62

Experimentation Measurement Modeling Statistics 62

Occam's Razor

JULY 24, 2018

Even simple questions like “ How effective is our analytics strategy? Soon, your digital analytics strategic framework that you hoped would provide a true north to the analytics strategy question looks like this …. To name a few: Digital Marketing & Measurement Model | Analytics Ecosystem | Web Analytics 2.0.

Analytics 93

Analytics Metrics Strategy Measurement 93

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production.

Cost-Benefit 87

Cost-Benefit Modeling Manufacturing Interactive 87

The Unofficial Google Data Science Blog

DECEMBER 14, 2021

In this post, we discuss three types of uncertainty: Statistical uncertainty : the gap between the estimand , the unobserved property of the population we wish to measure, and an estimate of it from observed data. Representational uncertainty : the gap between the desired meaning of some measure and its actual meaning.

Uncertainty 56

Uncertainty Statistics Measurement Cost-Benefit 56

Occam's Razor

NOVEMBER 2, 2015

" The second question was never answered either, but because all businesses know is how to pimp that became their default strategy. if yes, what should your content (and marketing) strategy be. I believe the best way to measure success is to measure the above four metrics (actual interaction/action/outcome).

B2B 167

B2B Metrics Testing Recreation/Entertainment 167

Occam's Razor

DECEMBER 12, 2016

How do you ensure that your can zig-zag with business strategy? And, of course there is the delicious detail of this strategy not adding burden to your site's visitor experience due to it's async nature. Digital Marketing & Measurement Model. Macro & Micro Outcomes Content/Strategy. So beautiful.

Analytics 141

Analytics Data-driven Strategy Consulting 141

bridgei2i

APRIL 28, 2020

My name is Aruna Babu and I’m a transformation consultant who spent a good part of the last decade crafting strategy that marries business, technology and user needs. And obviously, such times call for truly unprecedented measures. So it’s great to have a strategy overall. Doug Laney: My pleasure.

Enterprise 103

Enterprise Data Analytics Analytics Forecasting 103

Occam's Razor

AUGUST 22, 2011

Key To Your Digital Success: Web Analytics Measurement Model. " Measuring Incrementality: Controlled Experiments to the Rescue! Barriers To An Effective Web Measurement Strategy [+ Solutions!]. Measuring Online Engagement: What Role Does Web Analytics Play? "Engagement" How Do I Measure Success?

KPI 124

KPI Metrics Measurement ROI 124

Domino Data Lab

AUGUST 6, 2021

The process of doing data science is about learning from experimentation failures, but inadvertent errors can create enormous risks in model implementation. Doing data science is all about experimentation … doing it again, and again, and again until a model is ready for deployment at scale. Model implementation.

Risk Management 64

Risk Management Risk Modeling Enterprise 64