O'Reilly on Data

OCTOBER 30, 2023

Operational Metrics. These should not be a random grab-bag of measures thought up by outside regulators or advocates, but disclosures of the actual measurements and methods that the companies use to manage their AI systems. Policy on use of user data for further training. Energy usage and other environmental impacts.

Measurement 298

Measurement Risk Modeling Metrics 298

IBM Big Data Hub

APRIL 19, 2024

This blog series discusses the complex tasks energy utility companies face as they shift to holistic grid asset management to manage through the energy transition. Asset performance management (APM) processes, such as risk-based and predictive maintenance and asset investment planning (AIP), enable health monitoring technologies.

Management 91

Management Internet of Things Risk IoT 91

DataKitchen

MARCH 16, 2023

How to measure your data analytics team? But wait, she asks you for your team metrics. At DataKitchen, we have talked with many CDOs, data leaders, and other data team managers, and they have, ironically, been very un-analytic about how they run their teams. Where is your metrics report? Forty-five metrics!

Metrics 130

Metrics Data Analytics Analytics Measurement 130

CIO Business Intelligence

APRIL 21, 2022

You might have heard that if you can’t measure you can’t manage. And if you think you need metrics to manage you might be feeling guilty about not having enough of them. Good metrics are hard to craft, harder to manage, expensive to maintain, and perishable besides. Bad metrics are worse than no metrics.

Metrics 105

Metrics IT Cost-Benefit Measurement 105

IBM Big Data Hub

DECEMBER 8, 2023

.” This same sentiment can be true when it comes to a successful risk mitigation plan. The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events.

Risk 72

Risk Strategy Risk Management Insurance 72

IBM Big Data Hub

AUGUST 3, 2023

Organizations cannot risk unnecessary unplanned downtime or increased latencies because an application failed or underperformed. As a result, it’s important to track several key health statuses and performance metrics so you’re not discovering performance issues too late.

Measurement 65

Measurement Metrics Risk Software 65

datapine

MARCH 8, 2021

Like many of today’s most important industries, digital data, metrics and KPIs (key performance indicators) are a part of a bright and prosperous future – and a comprehensive healthcare report has the power to deliver in each of these critical areas. Preventative management. Cutting down unnecessary costs.

Reporting 198

Reporting KPI Management Cost-Benefit 198

CIO Business Intelligence

MARCH 16, 2022

The days of one-off change management initiatives are over. Rather than tackle organizational change management with an end in mind, IT leaders and their organizations must now exist in an environment of persistent flux. . “In and ‘What is the risk of not changing?’”. Low-performance organizations are up to 3.5

Management 143

Management Measurement Metrics Consulting 143

O'Reilly on Data

JUNE 15, 2023

Should we risk loss of control of our civilization?” If we want prosocial outcomes, we need to design and report on the metrics that explicitly aim for those outcomes and measure the extent to which they have been achieved. Should we automate away all the jobs, including the fulfilling ones?

Metrics 284

Metrics Reporting Measurement Finance 284

O'Reilly on Data

MARCH 31, 2020

If you’re already a software product manager (PM), you have a head start on becoming a PM for artificial intelligence (AI) or machine learning (ML). But there’s a host of new challenges when it comes to managing AI projects: more unknowns, non-deterministic outcomes, new infrastructures, new processes and new tools.

Management 332

Management Machine Learning Experimentation Metrics 332

Smart Data Collective

JUNE 19, 2019

The Relationship between Big Data and Risk Management. While the sophisticated Internet of Things can positively impact your business, it also carries a significant risk of data misuse. Tips for Improving Risk Management When Handling Big Data. Risk management is a crucial element of any successful organization.

Risk Management 70

Risk Management Risk Management Big Data 70

IBM Big Data Hub

APRIL 9, 2024

It would be a huge challenge for a human to manage these models, so we use the autoAI feature of watsonx to help us build the right model and pick the best projection.” We also measure response time since this is a near real-time system. Watsonx.governance makes it easy to manage and deploy all these models effectively.”

Management 84

Management IT Machine Learning Metrics 84

O'Reilly on Data

JULY 28, 2020

The Core Responsibilities of the AI Product Manager. Product Managers are responsible for the successful development, testing, release, and adoption of a product, and for leading the team that implements those milestones. Product managers for AI must satisfy these same responsibilities, tuned for the AI lifecycle.

Marketing 362

Marketing Experimentation Metrics Testing 362

DataRobot Blog

JUNE 27, 2022

If the assumptions are being breached due to fundamental changes in the process being modeled, the deployed system is not likely to serve its intended purpose, thereby creating further model risk that the institution must manage. Monitoring Model Metrics. Figure 1: Data drift tab of a deployed DataRobot model.

Risk 59

Risk Modeling Metrics Measurement 59

Cloudera

OCTOBER 20, 2021

As governments gather to push forward climate and renewable energy initiatives aligned with the Paris Agreement and the UN Framework Convention on Climate Change, financial institutions and asset managers will monitor the event with keen interest. What are the key climate risk measurements and impacts? Generate Scenarios.

Risk 78

Risk Modeling Risk Management Measurement 78

CIO Business Intelligence

OCTOBER 2, 2023

Project management office (PMO) definition A project management office (PMO) is a group, or functional unit, that sets, maintains, and enforces the practices, policies, and standards for structuring and executing projects within an organization. A good PMO drives discipline, communication, and orchestration.

Management 124

Management Scorecard Key Performance Indicator Risk 124

CIO Business Intelligence

JUNE 9, 2023

Such is the case with a data management strategy. That gap is becoming increasingly apparent because of artificial intelligence’s (AI) dependence on effective data management. For many organizations, the real challenge is quantifying the ROI benefits of data management in terms of dollars and cents. The second best time is now.”

Strategy 116

Strategy Management Key Performance Indicator ROI 116

Domino Data Lab

MARCH 3, 2021

How do we track value enabled through better decision support such as a data science model or a diagnostic visualization versus an experienced manager making decisions? Leading Metrics Think of these as a good sign that the actions and activities you’re taking will lead to a positive outcome. But what about good decisions?

Metrics 93

Metrics Modeling Sales Data Science 93

Smart Data Collective

SEPTEMBER 21, 2021

However, your data-driven business model won’t be very helpful if you don’t focus on the right metrics. There is information readily available these days to track, manage, and analyze, and it’s easier and cheaper to do so than ever. Plus, the metric can help you plan the best layout for your shop.

Data-driven 107

Data-driven Metrics Big Data Sales 107

DataRobot Blog

MAY 26, 2022

To start with, SR 11-7 lays out the criticality of model validation in an effective model risk management practice: Model validation is the set of processes and activities intended to verify that models are performing as expected, in line with their design objectives and business uses.

Risk 52

Risk Modeling Metrics Business Objectives 52

Anmut

MARCH 22, 2023

Data maturity models are frameworks that help you understand how reliable, efficient, and effective your organisation is at managing data. These models place you on a maturity scale that is broken up into stages, often 1 to 5, and as your organisation improves its data management , you progress to the following stage.

Measurement 52

Measurement Modeling Data Quality Data Governance 52

CIO Business Intelligence

MAY 22, 2024

Experimenting with the novelty Despite the heavy adoption, CIOs’ concerns about the value of AI doesn’t surprise Ryan Kane, owner of IT managed services provider Soaring Towers. The value of the chatbot tool for service technicians will be easier to measure, he says. These efforts to measure the value of AI are important, he adds.

ROI 138

ROI IT Measurement Cost-Benefit 138

CIO Business Intelligence

FEBRUARY 13, 2023

Six Sigma is a quality management methodology used to help businesses improve current processes, products, or services by discovering and eliminating defects. Six Sigma is specifically designed to help large organizations with quality management. What is Six Sigma? Six Sigma was trademarked by Motorola in 1993.

Management 96

Management Statistics Manufacturing Measurement 96

CIO Business Intelligence

DECEMBER 13, 2022

Recently, chief information officers, chief data officers, and other leaders got together to discuss how data analytics programs can help organizations achieve transformation, as well as how to measure that value contribution. business, IT, data management, security, risk and compliance etc.)

Data Analytics 105

Data Analytics Strategy Analytics Metrics 105

IBM Big Data Hub

DECEMBER 12, 2023

Embracing responsible emissions management can transform how organizations impact the health and profitability of their assets. As leaders in asset management operations, you must help your company deliver on the bottom line. Emissions management is pivotal in enabling compliance, as it helps organizations trace and resolve issues.

Management 74

Management Cost-Benefit Optimization Strategy 74

Occam's Razor

SEPTEMBER 29, 2009

One of the ultimate excuses for not measuring impact of Marketing campaigns is: "Oh, that's just a branding campaign." It is criminal not to measure your direct response campaigns online. I also believe that a massively under appreciated opportunity exists to truly measure impact of branding campaigns online.

Measurement 128

Measurement Metrics Analytics Marketing 128

Smart Data Collective

NOVEMBER 1, 2023

Manage employee time Effective time management helps better productivity and ascertain your company’s success. It allows your company to ensure effective employee time tracking and management. Employee time tracking software facilitates better time management.

Metrics 86

Metrics Measurement Data-driven Optimization 86

CIO Business Intelligence

APRIL 8, 2024

Working with partner Amazon Web Services (AWS), the NFL has developed Digital Athlete, a platform that uses computer vision and ML to predict which players are at the highest risk of injury based on plays and their body positions. Souza’s advice: Cultivate curiosity. Capel-Davies’ advice: Focus on communication.

Analytics 117

Analytics Broadcasting Predictive Analytics Metrics 117

Jet Global

JUNE 5, 2020

An insurance Key Performance Indicator (KPI) or metric is a measure that an insurance company uses to monitor its performance and efficiency. Insurance metrics can help a company identify areas of operational success, and areas that require more attention to make them successful. What Is an Insurance KPI?

Insurance 59

Insurance Metrics Reporting KPI 59

DataKitchen

SEPTEMBER 20, 2021

Figure 2: The DataKitchen Platform helps you reduce time spent managing errors and executing manual processes from about half to 15%. The other 78% of their time is devoted to managing errors, manually executing production pipelines and other supporting activities. Multiple management approvals. Minimize Deployment Risk.

Testing 246

Testing Metrics Measurement Dashboards 246

CIO Business Intelligence

MARCH 25, 2024

This article explores how CIOs can address each of their CFO’s key concerns when moving away from project-based teams to persistent funding, including the need to better track ROI, reduce risk, and reduce cost. This approach enabled Finance and business stakeholders to use data insights to see the metrics move as the year progressed.

Modeling 124

Modeling Cost-Benefit IT ROI 124

O'Reilly on Data

APRIL 23, 2024

In the discussion following the talk, Simon noted that in the future, information would be so abundant that we would need machines to help us manage our attention. Closer to the present, risk analysis focuses on social problems like bias, misinformation, and hate speech, or the potential spread of biological and nuclear capabilities.

Advertising 270

Advertising Cost-Benefit Marketing Risk 270

IBM Big Data Hub

JUNE 20, 2023

Whether you’re a small enterprise with only a few assets or a large-scale corporation with offices spanning the globe, asset lifecycle management, or ALM, is a fundamental part of your operations. What is asset lifecycle management? Here’s what you need to know in order to build a successful strategy. What is an asset?

Strategy 74

Strategy Management Cost-Benefit IoT 74

IBM Big Data Hub

NOVEMBER 29, 2023

To build that trust and drive broad adoption, vendors of synthetic data generation tools will need to address two critical questions that many business leaders ask: Will synthetic data expose my business to additional data privacy risks? How accurately does synthetic data reflect my existing data? This is partially true for synthetic data.

Metrics 86

Metrics Machine Learning Risk Statistics 86

IBM Big Data Hub

DECEMBER 13, 2023

By assessing and proactively managing risks inherent in the supply chain , organizations can shield themselves from disruptions and strengthen the resilience of their operations. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk. Some may not agree with the proposed changes.

Strategy 70

Strategy Cost-Benefit Key Performance Indicator Consulting 70

CIO Business Intelligence

JUNE 21, 2022

Governance should be designed with adaptability in mind to ensure IT remains in alignment with business objectives, continually providing value while effectively safeguarding the organization against potential risks, Bales says. Poor risk planning. Insufficient operational visibility.

IT 116

IT Risk Measurement Risk Management 116

IBM Big Data Hub

FEBRUARY 8, 2024

It refers to a set of metrics used to measure an organization’s environmental and social impact and has become increasingly important in investment decision-making over the years. In response, asset managers began to develop ESG strategies and metrics to measure the environmental and social impact of their investments.

Measurement 83

Measurement Metrics Reporting Strategy 83