Domino Data Lab

MAY 15, 2019

Pete indicates, in both his November 2018 and Strata London talks, that ML requires a more experimental approach than traditional software engineering. It is more experimental because it is “an approach that involves learning from data instead of programmatically following a set of human rules.”

Machine Learning 111

Machine Learning Management Experimentation Uncertainty 111

CIO Business Intelligence

FEBRUARY 22, 2024

With the aim to accelerate innovation and transform its digital infrastructures and services, Ferrovial created its Digital Hub to serve as a meeting point where research and experimentation with digital strategies could, for example, provide new sources of income and improve company operations.

IT 105

IT Digital Transformation IoT Cost-Benefit 105

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. What delivers the greatest ROI? How do you select what to work on?

Management 332

Management Machine Learning Experimentation Metrics 332

DataRobot Blog

NOVEMBER 15, 2022

At the event, a financial services panel discussion shared why iteration and experimentation are critical in an AI-driven data science environment. Ted highlighted four key stakeholder needs: AI Innovators have a strategic lens and are looking at the overall ROI of the AI project while assessing critical elements like trust and risk.

Big Data 52

Big Data Experimentation Data-driven Machine Learning 52

Corinium

JUNE 6, 2019

It is also important to have a strong test and learn culture to encourage rapid experimentation. What do you recommend to organizations to harness this but also show a solid ROI? A properly set framework will ensure quality, timeliness, scalability, consistency, and industrialization in measuring and driving the return on investment.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

CIO Business Intelligence

JUNE 16, 2022

IT funding might be on the rise, but the ROI for the business from technology investments isn’t as high as it should be. Analysts and data scientists need flexibility when working with data; experimentation fuels the development of analytics and machine learning models.

IT 135

IT Experimentation IoT Data-driven 135

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. To move from experimental AI to production-level, trustworthy, and ROI-driven AI, it’s vital to align data scientists, business analysts, domain experts, and business leaders to leverage overlapping expertise from these groups.

ROI 52

ROI Machine Learning Experimentation Data Science 52

IBM Big Data Hub

MAY 9, 2023

It is well known that Artificial Intelligence (AI) has progressed, moving past the era of experimentation to become business critical for many organizations. While the promise of AI isn’t guaranteed and may not come easy, adoption is no longer a choice.

Metadata 77

Metadata Risk Experimentation Dashboards 77

DataRobot Blog

FEBRUARY 28, 2023

Integrating different systems, data sources, and technologies within an ecosystem can be difficult and time-consuming, leading to inefficiencies, data silos, broken machine learning models, and locked ROI. They can enjoy a hosted experience with code snippets, versioning, and simple environment management for rapid AI experimentation.

Data Processing 72

Data Processing Experimentation Machine Learning Modeling 72

Smarten

APRIL 18, 2023

While new medical techniques and tools can take time to refine and prove, doctors often leverage experimental techniques to save lives. As these techniques are refined, they enter into the mainstream and become more common place. These White Papers will help you explore the issues and prepare for the challenges.

Digital Transformation 52

Digital Transformation Experimentation ROI Technology 52

IBM Big Data Hub

OCTOBER 4, 2022

It is well known that Artificial Intelligence (AI) has progressed, moving past the era of experimentation. Today, AI presents an enormous opportunity to turn data into insights and actions, to amplify human capabilities, decrease risk and increase ROI by achieving break through innovations.

Metadata 102

Metadata Risk Risk Management Experimentation 102

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.

Digital Transformation 105

Digital Transformation Cost-Benefit Informatics Data mining 105

Smart Data Collective

JUNE 29, 2022

In fact, a recent study by the Direct Marketing Association showed that email marketing produces an average return on investment (ROI) of $44 for every dollar spent. Email marketing is all about experimentation. Email is one of the oldest and most reliable digital marketing tools around for good reason—it works. Test, Test, Test.

B2B 103

B2B Data-driven Marketing Strategy 103

CIO Business Intelligence

JANUARY 2, 2024

He plans to scale his company’s experimental generative AI initiatives “and evolve into an AI-native enterprise” in 2024. For 2024 we’re focused on delivering ROIs around efficiency — working more productively, with more user satisfaction, to have better profitability.”

IT 144

IT Cost-Benefit Statistics Consulting 144

CIO Business Intelligence

APRIL 6, 2022

While enterprises invest in innovation, key challenges such as successful sustenance, ROI realization, scaling and accelerating still remain. . They are nurturing agile and elite ecosystems in an effort to outpace the competition and deliver tangible returns on the innovation investments. . Accelerate Innovation.

Experimentation 103

Experimentation Data Lake Uncertainty Enterprise 103

CIO Business Intelligence

DECEMBER 29, 2023

Adaptability and useability of AI tools For CIOs, 2023 was the year of cautious experimentation for AI tools. Also, CIOs are asking what processes other people are using around determining proof of concepts, use cases, and ROI for generative AI,” he says.

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

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. A key trend is the adoption of multiple models in production.

Cost-Benefit 88

Cost-Benefit Modeling Manufacturing Interactive 88

FineReport

DECEMBER 11, 2019

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. . – Head First Data Analysis: A learner’s guide to big numbers, statistics, and good decisions. By Michael Milton.

Big Data 98

Big Data Statistics Experimentation Data Strategy 98

Smarten

NOVEMBER 3, 2017

Business users can quickly and easily prepare and analyze data and visualize and explore data, notate and highlight data and share data with others to identify the important ‘nuggets’, buried in traditional data, and to connect the dots, find exceptions, identify patterns and trends and better predict results.

Analytics 40

Analytics Visualization Experimentation Cost-Benefit 40

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. 5 : Conversion / ROI Attribution. #4

KPI 124

KPI Metrics Measurement ROI 124

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.” 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. They are the best.”

Technology 59

Technology Risk Digital Transformation Measurement 59

O'Reilly on Data

SEPTEMBER 15, 2020

Customer stakeholders are the people and companies that advertise on the platform, and are most concerned with ROI on their ad spend. They don’t automatically generate revenue and growth, maximize ROI, or keep users engaged and loyal. automated retirement portfolio rebalancing and maximized ROI).

Cost-Benefit 293

Cost-Benefit Advertising ROI Machine Learning 293

Occam's Razor

FEBRUARY 26, 2008

1: Implement a Experimentation & Testing Program. # 1: Implement a Experimentation & Testing Program. Experimentation and Testing: A Primer. Build A Great Web Experimentation & Testing Program. # Conversion went up, CPC and CPA's went down, ROI went up, Bounce Rate went down and what not.

Management 68

Management Experimentation Testing Strategy 68

DataRobot Blog

JANUARY 12, 2023

DataRobot provides a single, open, AI/ML platform and service that helps deliver fast, ROI-driven model experimentation and reliable production models. Proven use cases and a decade of expertise helps organizations deliver ROI with responsible, enterprise-grade ML.

Management 59

Management Data-driven ROI Cost-Benefit 59

DataKitchen

MARCH 8, 2023

This requires a culture of innovation, experimentation, and willingness to take risks and try new approaches. Does it have ROI? The world of business is constantly evolving, and the team must be able to respond quickly to changing circumstances. The team must be agile and flexible, able to pivot quickly and adapt to new challenges.

Analytics 130

Analytics Manufacturing Data-driven Data Analytics 130

CIO Business Intelligence

JULY 17, 2023

Ultimately, all our projects are driven with business and not the IT agenda, and hence need to be backed up with robust ROI calculations. How do you foster a culture of innovation and experimentation in your team to ensure consistent learning, and achievement of your digital transformation goals?

IT 98

IT Digital Transformation IoT Internet of Things 98

Domino Data Lab

FEBRUARY 4, 2019

Spoiler alert: a research field called curiosity-driven learning is emerging at the nexis of experimental cognitive psychology and industry use cases for machine learning, particularly in gaming AI. Given the two points above, that’s okay—there are good ways to direct data exploration toward ROI. Why does this matter?

Data Science 66

Data Science Experimentation Data-driven Machine Learning 66

Sisense

JULY 1, 2021

“We know in marketing that one of the most powerful ideas is experimentation,” Scott told Sisense. What has held that back is that the gap between idea and implementation has been a real bottleneck for how much experimentation can happen.”. You have to have the ability to experiment with ideas quickly and cheaply.

Marketing 52

Marketing Experimentation Marketing Analytics ROI 52

CIO Business Intelligence

APRIL 18, 2022

They invest in cloud experimentation. The only caveat is employees have to produce a value report at the end that identifies the ROI, whether in time savings, new efficiencies, new skills they gained, or potential reuse in other areas or other projects, he says. It’s not the leader’s job to tell them what to do.”.

Digital Transformation 145

Digital Transformation Dashboards Cost-Benefit Consulting 145

Corinium

APRIL 25, 2019

What do you recommend to organizations to harness this but also show a solid ROI? Whether eventual legislation will exactly mirror GDPR remains to be seen, I think there will be some experimentation at the State level as well as for specific verticals whose successes would point the way.

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

Decision Management Solutions

JUNE 25, 2019

Her presentation really showed the importance of persistence, experimentation and lateral thinking in developing an analytic solution. Lily Quinto-Banton , Associate Director of Data Science, Humana Military presented on How a Single Question and a Healthy Dose of Skepticism Inspired Us to Use Analytics to Rethink Strategy.

Predictive Analytics 75

Predictive Analytics Analytics Data Science Experimentation 75

datapine

FEBRUARY 4, 2020

Keep in mind that a metric like your CTR (click-through-rate) or the number of sessions should be understood in their globality, and not an absolute truth: increasing them will not systematically generate more profit or rise the ROI (return on investment) displayed on this dashboard.

Reporting 280

Reporting Marketing Advertising Metrics 280

Occam's Razor

MARCH 23, 2010

For big success you'll need to have a Multiplicity strategy: So when you step back and realize at the minimum you'll also have to use one Voice of Customer tool (for qualitative analysis), one Experimentation tool and (if you want to be great) one Competitive Intelligence tool… do you still want to have two clickstream tools?

Analytics 118

Analytics Consulting Metrics Experimentation 118

Occam's Razor

AUGUST 13, 2012

Bjoern Sjut3: My main issue at the moment: How will multi-channel funnels and ROI calculations work in a multi device world? If your wish in the second part is to track effectiveness of advertising ( how to determine ROI ) then please see this post: Measuring Incrementality: Controlled Experiments to the Rescue! That is the solution.

Modeling 124

Modeling Metrics Data Quality Data-driven 124

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? Let’s unpack that one: it’s quite important. Does it beat existing benchmarks, i.e., is it SOTA?

Machine Learning 105

Machine Learning Data Science Modeling Visualization 105

datapine

JANUARY 31, 2022

For example, in regards to marketing, traditional advertising methods of spending large amounts of money on TV, radio, and print ads without measuring ROI aren’t working like they used to. They’re about having the mindset of an experimenter and being willing to let data guide a company’s decision-making process.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214