The Unofficial Google Data Science Blog

DECEMBER 14, 2021

by AMIR NAJMI & MUKUND SUNDARARAJAN Data science is about decision making under uncertainty. Some of that uncertainty is the result of statistical inference, i.e., using a finite sample of observations for estimation. But there are other kinds of uncertainty, at least as important, that are not statistical in nature.

Uncertainty 56

Uncertainty Statistics Measurement Cost-Benefit 56

Jedox

DECEMBER 17, 2020

As businesses around the world look to move past the uncertainty and unprecedented change of 2020 and toward a fresh start in 2021, the discussion around FP&A maturity has been renewed. A: “The maturity curve is essentially a measure of efficacy for the FP&A function. It has two main purposes.

Uncertainty 56

Uncertainty Metrics Measurement Strategy 56

Andrew White

DECEMBER 16, 2019

After sifting through several year’s worth of formally written data, analytics, and data and analytics strategies, we found about 85% of them did not include a measurable business outcome. See Data and Analytics Strategies Need More-Concrete Metrics of Success. The article notes this as cognitive uncertainty. It’s called ROAR.

Uncertainty 40

Uncertainty ROI Metrics Strategy 40

Jet Global

MAY 5, 2020

Since the onset of the coronavirus crisis, businesses around the world are facing an unprecedented level of uncertainty. As economic activity has slowed dramatically, many businesses report that sales have plummeted, collections have slowed, and cash flow has become increasingly difficult to predict. Real-Time Reporting Is Essential.

Management 69

Management Finance Sales Metrics 69

The Unofficial Google Data Science Blog

APRIL 23, 2024

the weight given to Likes in our video recommendation algorithm) while $Y$ is a vector of outcome measures such as different metrics of user experience (e.g., Crucially, it takes into account the uncertainty inherent in our experiments. the fraction of video recommendations resulted in positive user experiences).

Experimentation 52

Experimentation Optimization Uncertainty Metrics 52

Jet Global

SEPTEMBER 10, 2020

Living through periods of rapid upheaval and uncertainty, like the recent pandemic, forces us to adapt quickly to new working practices. One area that often goes overlooked is the value that can be achieved from the application of consolidated KPIs to measure major indicators.

Forecasting 52

Forecasting Finance Uncertainty Sales 52

DataKitchen

SEPTEMBER 21, 2023

Bridging the Gap: How ‘Data in Place’ and ‘Data in Use’ Define Complete Data Observability In a world where 97% of data engineers report burnout and crisis mode seems to be the default setting for data teams, a Zen-like calm feels like an unattainable dream. One of the primary sources of tension?

Testing 176

Testing Data Quality Predictive Modeling Metrics 176

AWS Big Data

AUGUST 7, 2023

Forecasting acts as a planning tool to help enterprises prepare for the uncertainty that can occur in the future. The data contains measurements of electric power consumption in different households for the year 2014. The OBJECTIVE parameter specifies a metric to minimize or maximize the objective of a job.

Forecasting 80

Forecasting Data Warehouse Machine Learning Modeling 80

Occam's Razor

JULY 12, 2010

Let's go look at some tools… Measuring "Invisible Virality": Tynt. Please click on the above image for a higher resolution version , including all the other metrics.]. If you look at the higher resolution version (click above) you'll see it also reports other data like Visits Generated etc. You matter.

Analytics 96

Analytics Measurement Metrics KPI 96

O'Reilly on Data

OCTOBER 13, 2020

To support verification in these areas, a product manager must first ensure that the AI system is capable of reporting back to the product team about its performance and usefulness over time. The simplest case of model monitoring is to compute key performance metrics (related to both model fit and inference accuracy) regularly.

Management 244

Management Metrics Machine Learning Modeling 244

IBM Big Data Hub

SEPTEMBER 11, 2023

Government executives face several uncertainties as they embark on their journeys of modernization. How to quantify the impact : Quantify, articulate and measure the expected long-term benefit of a capability to justify the investment. The pain point tracker clusters the foundational data in which value metrics are then applied.

Data-driven 90

Data-driven IT Measurement Cost-Benefit 90

CIO Business Intelligence

JUNE 8, 2022

Digital disruption, global pandemic, geopolitical crises, economic uncertainty — volatility has thrown into question time-honored beliefs about how best to lead IT. Thriving amid uncertainty means staying flexible, he argues. . Demand transparency on everything — especially on metrics — and be transparent back.

IT 133

IT Cost-Benefit Uncertainty Digital Transformation 133

Jet Global

JANUARY 25, 2021

That’s not surprising, given the uncertainty of the current global economic climate. Our CEO wants key metrics/KPIs on an up-to-the-minute basis. In the case of reporting tools, report distribution capabilities are extraordinarily helpful, provided that their design includes good security measures.

Finance 98

Finance Reporting Software Sales 98

Peter James Thomas

AUGUST 12, 2018

This piece was prompted by both Olaf’s question and a recent article by my friend Neil Raden on his Silicon Angle blog, Performance management: Can you really manage what you measure? It is hard to account for such tweaking in measurement systems. Pertinence and fidelity of metrics developed from Data.

Metrics 49

Metrics Statistics Data Quality Measurement 49

The Unofficial Google Data Science Blog

MAY 31, 2016

It is important that we can measure the effect of these offline conversions as well. Panel studies make it possible to measure user behavior along with the exposure to ads and other online elements. Let's take a look at larger groups of individuals whose aggregate behavior we can measure. days or weeks).

Advertising 42

Advertising Testing Sales Statistics 42

Insight

FEBRUARY 19, 2020

The genre uniqueness is a measure of how unique a movie’s combination of genre categories is relative to all movies in my data set. Building Models to Predict Movie Profitability Here I use profitability as the metric of success for a film and define profitability as the return on investment (ROI). ROI = Profit/Budget).

Risk 67

Risk ROI Modeling Metrics 67

datapine

SEPTEMBER 4, 2023

As a result, you can develop a management report that will enable you to gain the insights you need to make changes that have a positive impact on the business. A glorious example of numerical metrics transformed into something accessible, engaging, and informational for everyone.

Interactive 264

Interactive Visualization Cost-Benefit Dashboards 264

Jet Global

NOVEMBER 16, 2021

A logistics key performance indicator (KPI) is a quantitative tool used by businesses to measure performance within their logistics department. Logistics KPIs can measure a variety of metrics, most of which pertain to purchasing, warehousing, transportation, delivery of goods, and financials. Choose SMART KPIs.

Metrics 84

Metrics Reporting Key Performance Indicator KPI 84

Jet Global

FEBRUARY 2, 2023

As a result, measuring success by financials alone isn’t enough for construction and engineering professionals. Due to the Infrastructure Investment and Jobs Act of 2022 in the United States, nonresidential construction is expected to continue expanding despite expected uncertainty in 2023. trillion worldwide by 2030.

Uncertainty 52

Uncertainty KPI Reporting Measurement 52

Jet Global

JULY 14, 2022

CFO is also a useful metric when you want to segregate sales from cash received due to normal operations. You record the operating cash flow on a cash flow statement, which you may need when making reports to investors. Aged Debt, Aged Debtors & The Aged Debtors Report. It boosts revenue and earnings. Fixed Assets.

Finance 52

Finance Cost-Benefit Measurement Sales 52

Jet Global

OCTOBER 4, 2021

Management gurus have long been advocates of measuring, monitoring, and reporting on the numbers that matter most. You measure it using three common financial metrics, namely, days of inventory (DOI), days of payables (DOP), and days sales outstanding (DSO). Perfect Order Rate.

Management 96

Management KPI Metrics Recreation/Entertainment 96

Jet Global

NOVEMBER 10, 2021

Enterprise planning is transformational; it’s not just a new and improved method for business planning, but rather, a seed for cultural change that aligns organizational resources around a common set of goals, objectives, and metrics. Follow-Through With Reporting and Analytics. Begin With the (Strategic) End in Mind.

Enterprise 52

Enterprise Recreation/Entertainment Finance Reporting 52