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

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

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!!!), The nice thing is that you can also test that!

Measurement 119

Measurement Advertising Testing Marketing 119

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. Performance improves when the culture of collaboration is strong.”

Strategy 137

Strategy Technology Experimentation Testing 137

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

The Unofficial Google Data Science Blog

APRIL 23, 2024

the weight given to Likes in our video recommendation algorithm) while $Y$ is a vector of outcome measures such as different metrics of user experience (e.g., Taking measurements at parameter settings further from control parameter settings leads to a lower variance estimate of the slope of the line relating the metric to the parameter.

Experimentation 52

Experimentation Optimization Uncertainty Metrics 52

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. We’re testing ChatGPT at an individual level,” he says. But overall, we see this as a huge opportunity. From a design perspective, such tools are more compelling.”

Risk 98

Risk Cost-Benefit Strategy Experimentation 98

Smart Data Collective

FEBRUARY 4, 2020

Phase 0 is the first to involve human testing. Phase I involves dialing-in the proper dosage and further testing in a larger patient pool. The 15% failure rate of new drugs due to incompatible company strategies doesn’t have to continue. Researching and developing new drugs involves multiple steps called “Phases.”

Experimentation 100

Experimentation Testing Modeling Strategy 100

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 89

Data Processing Experimentation Visualization Metrics 89

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. There’s also a growing emphasis on improving team performance.

Digital Transformation 105

Digital Transformation Sales Experimentation Optimization 105

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 105

Advertising Recreation/Entertainment Experimentation Enterprise 105

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 133

Experimentation Interactive Business Objectives Manufacturing 133

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 141

Risk Manufacturing Enterprise Technology 141

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. This personalized approach might lead to more effective therapies with fewer side effects.

Cost-Benefit 96

Cost-Benefit Modeling Manufacturing Interactive 96

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 88

Cost-Benefit Visualization Modeling Machine Learning 88

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. Outputs for a new problem might not be consistent with the model’s original intent for a different problem without careful research and testing. Model implementation.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

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

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

Alation

SEPTEMBER 28, 2022

DataOps strategies share these common elements: Collaboration among data professionals and business stakeholders. Automated testing to ensure data quality. Alation provides robust DataOps solutions that help you foster collaboration, build trusted data solutions, automate testing & monitoring, and visualize data pipelines.

Cost-Benefit 52

Cost-Benefit Data Quality Manufacturing Testing 52

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

Insight

MARCH 12, 2020

I tested several different flavors of BERT for use as synopsis classifiers before settling on the DistilBERT model from Hugging Face. One way that we can get around this is to use the proportion of tags that fall into a given class as a measure of our degree of confidence in that class association. In other words, if 0.1%

Modeling 59

Modeling Metadata Publishing Sales 59

O'Reilly on Data

MAY 14, 2020

AI PMs should enter feature development and experimentation phases only after deciding what problem they want to solve as precisely as possible, and placing the problem into one of these categories. Experimentation: It’s just not possible to create a product by building, evaluating, and deploying a single model.

Management 363

Management Experimentation B2B Machine Learning 363

Occam's Razor

FEBRUARY 26, 2008

" Or " I proposed testing / surveys / competitive intelligence / Analysts but I was shot down." Here are 6 strategies you can use to bring the voice of the customer and perspective from competitors to the table, and win big (!!). # 1: Implement a Experimentation & Testing Program. #

Management 68

Management Experimentation Testing Strategy 68

Occam's Razor

OCTOBER 21, 2013

As an analyst, I was upset that this change would hurt my ability to analyze the effectiveness of my beloved search engine optimization (SEO) efforts – which are really all about finding the right users using optimal content strategies. This in turn mandates new SEO (and PPC) strategies, if we don't want to fail.

Optimization 154

Optimization Reporting Experimentation Metrics 154

DataKitchen

APRIL 13, 2021

Testing and Data Observability. It orchestrates complex pipelines, toolchains, and tests across teams, locations, and data centers. Prefect Technologies — Open-source data engineering platform that builds, tests, and runs data workflows. Testing and Data Observability. Production Monitoring and Development Testing.

Testing 307

Testing Machine Learning Consulting Data Quality 307

Occam's Razor

NOVEMBER 13, 2009

Chapter 2 The Optimal Strategy for Choosing Your Web Analytics Soul Mate. Chapter 5 The Key to Glory: Measuring Success. If I have one jihad it is to massively convert every person who touches the web to focus on measuring Outcomes! Chapter 7 Failing Faster: Unleashing the Power of Testing and Experimentation.

Analytics 71

Analytics Metrics Measurement Testing 71

O'Reilly on Data

SEPTEMBER 15, 2020

Technical sophistication: Sophistication measures a team’s ability to use advanced tools and techniques (e.g., Technical competence: Competence measures a team’s ability to successfully deliver on initiatives and projects. They’re not new to the field; they’ve solved problems, and have discovered what does and doesn’t work.

Cost-Benefit 293

Cost-Benefit Advertising ROI Machine Learning 293

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. Deloitte Consulting. “In

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145

datapine

FEBRUARY 4, 2020

Let’s face it: every serious business that wants to generate leads and revenue needs to have a marketing strategy that will help them in their quest for profit. Management thinker Peter Drucker once stated, “if you can’t measure it, you can’t improve it” – and he couldn’t be more right. How To Write A Marketing Report?

Reporting 280

Reporting Marketing Advertising Metrics 280

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

The Unofficial Google Data Science Blog

JUNE 30, 2016

In an ideal world, experimentation through randomization of the treatment assignment allows the identification and consistent estimation of causal effects. A naïve way to solve this problem would be to compare the proportion of buyers between the exposed and unexposed groups, using a simple test for equality of means.

Statistics 44

Statistics Optimization Modeling Experimentation 44

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. These measurement-obsessed companies have an advantage when it comes to AI. It is similar to R&D.

Management 110

Management Machine Learning Experimentation Metrics 110

The Unofficial Google Data Science Blog

JULY 31, 2016

The analysis can be straightforward, especially when it's safe to assume that individual observations of an outcome measure are independent. At the end of the semester, you administer a proficiency test to the students and compare test performance across the groups. When analyzing the outcome measure (e.g.,

Experimentation 42

Experimentation Testing Measurement Metrics 42

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. Such decisions involve an actual hypothesis test on specific metrics (e.g.

Experimentation 68

Experimentation Sales Metrics Measurement 68

AWS Big Data

JULY 26, 2023

OpenSearch Serverless applies different sharding and indexing strategies for the three available collection types: time series, search, and vector search. The vector engine’s compute capacity used for data ingestion, and search and query are measured in OpenSearch Compute Units (OCUs).

Metadata 52

Metadata Cost-Benefit Testing Metrics 52

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

Cloudera

JUNE 6, 2019

Multi-tenancy Strategies with Virtual Private Clusters. Prior to using Virtual Private Clusters, cluster admins need to decide on an isolation strategy for the compute-only clusters. Here are three possible strategies they may consider: 1) By user, team, or business unit. In other words, tenants map to human beings.

Metadata 85

Metadata Data Lake Optimization Strategy 85