article thumbnail

Using Analytics to Maximize Revenue with a SaaS Business Model

Smart Data Collective

Data analytics technology is becoming a more important aspect of business models in all industries. The importance of customer loyalty and customer service has become increasingly well-known and companies have needed to adapt their business models accordingly to gain a competitive edge. This is a key stage for customer retention.

Modeling 101
article thumbnail

6 ways generative AI can optimize asset management

IBM Big Data Hub

There is even more help on the horizon with the power of generative artificial intelligence (AI) foundation models, combined with traditional AI, to exert greater control over complex asset environments. These foundation models, built on large language models, are trained on vast amounts of unstructured and external data.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Defining clear metrics to drive model adoption and value creation

Domino Data Lab

It’s often stated that nothing changes inside an enterprise because you’ve built a model. In some cases, data science does generate models directly to revenue, such as a contextual deal engine that targets people with offers that they can instantly redeem. But what about good decisions?

Metrics 93
article thumbnail

Make Your Investment in Analytic Technology Pay Off With Decision Requirements Modeling

Decision Management Solutions

Define the metrics or key performance indicators (KPIs) they want to improve: But analytics cannot magically improve metrics—they can only tell you if your analytic investment was worthwhile. Focusing on decision-making changes everything. 1 MIT Sloan Management Review September 06, 2017.

article thumbnail

Three predictions for AI and automation business adoption

CIO Business Intelligence

and ‘How does it improve our financial performance?’ As for how Gen AI’s benefits will be measured, Fleming said it depends on each organization’s existing business KPIs (key performance indicators). Some KPIs are tied to customer satisfaction scores or revenue growth.

article thumbnail

Writing Business Cases: 6 Things You Should Know About Identifying Project Benefits

BA Learnings

Understand the current state and document current key performance indicators to ensure benefits can be measured after the project is implemented. They require a supporting benefits realization model or framework to ensure benefits identified in the business case can be reaped and measured further down the track.

article thumbnail

Digital Marketing and Measurement Model

Occam's Razor

Winners, well before they think data or tool, have a well structured Digital Marketing & Measurement Model. This article guides you in understanding the value of the Digital Marketing & Measurement Model (notice the repeated emphasis on Marketing, not just Measurement), and how to create one for yourself. Losers don't.