DataRobot

JANUARY 13, 2022

Many companies find that they have a treasure trove of data but lack the expertise to use it to improve ROI. Data scientists typically come equipped with skills in three key areas: mathematics and statistics, data science methods, and domain expertise.

ROI 52

ROI Machine Learning Experimentation Data Science 52

CIO Business Intelligence

JUNE 28, 2023

As Belcorp considered the difficulties it faced, the R&D division noted it could significantly expedite time-to-market and increase productivity in its product development process if it could shorten the timeframes of the experimental and testing phases in the R&D labs. This allowed us to derive insights more easily.”

Digital Transformation 105

Digital Transformation Cost-Benefit Informatics Data mining 105

O'Reilly on Data

MARCH 31, 2020

All you need to know for now is that machine learning uses statistical techniques to give computer systems the ability to “learn” by being trained on existing data. The need for an experimental culture implies that machine learning is currently better suited to the consumer space than it is to enterprise companies.

Management 332

Management Machine Learning Experimentation Metrics 332

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 99

Cost-Benefit Modeling Manufacturing Interactive 99

FineReport

DECEMBER 11, 2019

. – Head First Data Analysis: A learner’s guide to big numbers, statistics, and good decisions. You’ll learn about the concept of big data and how to use big data—from computing ROI and big data strategies that drive business cases to the overall development and specific projects. By Michael Milton.

Big Data 98

Big Data Statistics Experimentation Data Strategy 98

Occam's Razor

AUGUST 22, 2011

Customer Lifetime Value ROI, Buzz Monitoring, Click Fraud. PPC / SEM Analytics: 5 Actionable Tips To Improve ROI. Google Analytics Maximized: Deeper Analysis, Higher ROI & You. Build A Great Web Experimentation & Testing Program. Experimentation and Testing: A Primer. Tip#1: Statistical Significance.

KPI 124

KPI Metrics Measurement ROI 124

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