Occam's Razor

MARCH 8, 2010

A very simple test can allow you to figure out if the metric you are dutifully reporting (or absolutely in love with) is gold or mud. It is called the Three Layers of So What test. What's this lovely test? Let's check out how you would conduct the "so what" test with a couple of examples.

Metrics 117

Metrics Testing Key Performance Indicator KPI 117

datapine

JANUARY 6, 2022

Capable of displaying key performance indicators (KPIs) for both quantitative and qualitative data analyses, they are ideal for making the fast-paced and data-driven market decisions that push today’s industry leaders to sustainable success. This helps businesses to develop responsive, practical business strategies.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

datapine

APRIL 16, 2019

Download the list of the 11 essential steps to implement your BI strategy! Data driven decision making (DDDM) is a process that involves collecting data based on measurable goals or KPIs, analyzing patterns and facts from these insights, and utilizing them to develop strategies and activities that benefit the business in a number of areas.

Data-driven 287

Data-driven Dashboards Visualization Cost-Benefit 287

datapine

MAY 17, 2021

Businesses can benefit from improved data driven decision making as well as enhanced business processes and models and share insights across departments more fluently while propelling intelligent business strategies. Your Chance: Want to test a professional data discovery tool for free? We offer a 14 day free trial.

Visualization 161

Visualization Data-driven Business Intelligence Metrics 161

datapine

NOVEMBER 27, 2019

In 2020, BI tools and strategies will become increasingly customized. Accordingly, the rise of master data management is becoming a key priority in the business intelligence strategy of a company. Another increasing factor in the future of business intelligence is testing AI in a duel.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

Occam's Razor

OCTOBER 31, 2011

In this case for my data it is not statistically significant (more on that later in this post), but there is no way you would know that (or not know that) just from the data in front of you. Statistical Significance is Your BFF. It does 1-tail and 2-tail tests and the even more beloved chi-square test. Download it.

Statistics 130

Statistics Testing Reporting Key Performance Indicator 130

FineReport

JANUARY 5, 2022

With the help of powerful data-driven insights, companies can adapt their strategies. Analytics report analyzes and evaluates a business strategy or process using qualitative and quantitative company data. In addition, it can provide a predictive analysis of a specific issue based on statistics and historical data.

Reporting 52

Reporting Analytics Visualization Dashboards 52

datapine

APRIL 11, 2019

Rather than listing facts, figures, and statistics alone, people used gripping, imaginative timelines, bestowing raw data with real context and interpretation. Download our 10-step checklist and see how to tell the best data story. What Is Dashboard Storytelling? Experiment.

Dashboards 169

Dashboards Visualization Data-driven Key Performance Indicator 169

Occam's Razor

OCTOBER 24, 2016

But, you have an overall structure that can guide your strategy. It lays out an evolutionary path for the key performance indicators you should use to drive digital sophistication inside your company. The CMO expressed a desire for the audience to learn about advanced attribution strategies. It is a lot of work.

Metrics 146

Metrics Marketing Optimization Modeling 146

datapine

FEBRUARY 23, 2023

2) Charts And Graphs Categories 3) 20 Different Types Of Graphs And Charts 4) How To Choose The Right Chart Type Data and statistics are all around us. That said, there is still a lack of charting literacy due to the wide range of visuals available to us and the misuse of statistics. Table of Contents 1) What Are Graphs And Charts?

Visualization 177

Visualization Dashboards Sales Measurement 177

Occam's Razor

AUGUST 22, 2011

Barriers To An Effective Web Measurement Strategy [+ Solutions!]. Five Reasons And Awesome Testing Ideas. Lab Usability Testing: What, Why, How Much. Build A Great Web Experimentation & Testing Program. Experimentation and Testing: A Primer. Tip #9: Leverage Statistical Control Limits. Got Surveys?

KPI 124

KPI Metrics Measurement ROI 124

Occam's Razor

SEPTEMBER 24, 2012

Based on results of value identified for Facebook, optimize their advertising mix strategy for future product launches. It is possible to get good test and control groups (type of population, existing brand awareness, market penetration, competitive structures) for our experiments. CEO: OMG, you are so clever. Go do that.

Advertising 165

Advertising ROI Metrics Marketing 165

O'Reilly on Data

JULY 15, 2019

A look at how guidelines from regulated industries can help shape your ML strategy. In recent posts, we described requisite foundational technologies needed to sustain machine learning practices within organizations, and specialized tools for model development, model governance, and model operations/testing/monitoring.

Machine Learning 38

Machine Learning Management Enterprise Risk Management 38

Smart Data Collective

JULY 15, 2022

Here are some statistics on the changes AI is creating : A report by Gartner shows that companies are projected to spend over $62 billion on AI this year alone. AI is also useful for monitoring employees, improving marketing strategies, identifying cost-cutting opportunities and much more. Otherwise, you can test new features.

Software 95

Software Key Performance Indicator Marketing Modeling 95

Jet Global

MAY 1, 2023

Other money-making strategies include adding users in a per-seat structure or achieving price dominance in the market due. This strategy will ultimately increase sales, and prove a competitive advantage. These tools enable users to quickly draw conclusions and monitor key performance indicators.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52