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

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

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 74

Risk Strategy Risk Management Insurance 74

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 68

Measurement Metrics Risk Software 68

IBM Big Data Hub

APRIL 25, 2023

Environmental, Social, and Governance (ESG) risk management has emerged as a critical aspect of business strategy for companies worldwide. However, 57% of CEOs admit that defining and measuring the Return on Investment (ROI) and economic benefits of their sustainability efforts remain a significant challenge. Conduct ESG assessments.

Risk Management 86

Risk Management Risk Management Metrics 86

O'Reilly on Data

NOVEMBER 13, 2018

There are also many important considerations that go beyond optimizing a statistical or quantitative metric. Classification parity means that one or more of the standard performance measures (e.g., As we deploy more models, it’s becoming clear that we will need to think beyond optimizing statistical and business metrics.

Machine Learning 220

Machine Learning Risk Management Statistics 220

IBM Big Data Hub

APRIL 15, 2024

The average employee works on autopilot, and to ensure that cybersecurity issues and risks are ingrained in their day-to-day decisions, we need to design and build programs that truly understand their intuitive way of working. This needs to be coupled with effective metrics to measure progress and demonstrate the value.

Metrics 96

Metrics Measurement Risk Data Processing 96

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

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

Domino Data Lab

MARCH 3, 2021

As you’re designing your problem statement and the initial hypotheses and assumptions related to the data you have available, start to interpret what indicators you can use to measure meaningful success. Leading Metrics Think of these as a good sign that the actions and activities you’re taking will lead to a positive outcome.

Metrics 93

Metrics Modeling Sales Data Science 93

Cloudera

OCTOBER 20, 2021

As part of these efforts, disclosure requirements will mandate that firms provide “the impact of a company’s activities on the environment and society, as well as the business and financial risks faced by a company due to its sustainability exposures.” What are the key climate risk measurements and impacts? Generate Scenarios.

Risk 78

Risk Modeling Risk Management Measurement 78

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 are many excellent metrics you can monitor to help you grow your business and meet your goals. Plus, the metric can help you plan the best layout for your shop. Sales Per Square Foot. Sales Per Staff Member.

Data-driven 109

Data-driven Metrics Sales Big Data 109

O'Reilly on Data

JULY 28, 2020

The first step in building an AI solution is identifying the problem you want to solve, which includes defining the metrics that will demonstrate whether you’ve succeeded. It sounds simplistic to state that AI product managers should develop and ship products that improve metrics the business cares about. Agreeing on metrics.

Marketing 362

Marketing Experimentation Metrics Testing 362

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

IBM Big Data Hub

APRIL 19, 2024

Asset performance management (APM) processes, such as risk-based and predictive maintenance and asset investment planning (AIP), enable health monitoring technologies. Cybersecurity reduces risk exposure for cyberattacks on digitally connected assets. Risk-based asset strategies align maintenance efforts to balance costs and risks.

Management 94

Management Internet of Things Risk IoT 94

Anmut

MARCH 22, 2023

A data maturity model helps your company measure its data and business health. Stage 2: Risk While there is a general awareness of the benefits of data governance , roles are poorly understood. Data empowers managers to keep employees informed on matters such as key decisions, goal-setting and performance metrics.

Measurement 52

Measurement Modeling Data Quality Data Governance 52

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

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 71

Risk Management Risk Management Big Data 71

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

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 118

Analytics Broadcasting Predictive Analytics Metrics 118

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 88

Metrics Machine Learning Risk Statistics 88

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

There is a great deal of discussion about the risks and benefits of AI, but it is generally focused narrowly on the technical capabilities of AI tools and whether continued advances will eventually put AI beyond human control, leading to possible disaster. I think not.

Advertising 268

Advertising Cost-Benefit Marketing Risk 268

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

Domino Data Lab

OCTOBER 16, 2019

Miner advocates for using a vital sign or a metric from a productionalized model that can be measured over time. This is beyond the traditional metric of “is the model working? ” This additional metric helps determine if the models are doing what they are supposed to be doing, over time.

Metrics 49

Metrics Modeling Machine Learning Measurement 49

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. Cutting down unnecessary costs. Speaking on the subject , Gregory E.

Reporting 198

Reporting KPI Management Cost-Benefit 198

Smart Data Collective

NOVEMBER 1, 2023

This system enables you to automate employee hours recording and tracking, preventing manual timesheet use and reducing the risk of inaccuracies. Study employee performance metrics Performance metrics are a measure of how well team members are doing at their work. They reflect your business’s performance.

Metrics 89

Metrics Measurement Data-driven Optimization 89

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

CIO Business Intelligence

FEBRUARY 7, 2024

Sources told the Financial Times that testing has focused on the risks associated with the misuse of AI, including cybersecurity and jailbreaking — the formulation of prompts to coax AI chatbots into bypassing their guardrails. Artificial Intelligence, Generative AI, Government, Regulation, Technology Industry

Testing 124

Testing Reporting Risk Modeling 124

DataKitchen

SEPTEMBER 20, 2021

Minimize Deployment Risk. Measurement DataOps. Once you’ve made progress with your production and development processes, it’s time to start measuring and improving your processes with Measurement DataOps. Productivity – Measure team productivity by the number of tests and analytics created.

Testing 246

Testing Metrics Measurement Dashboards 246

CIO Business Intelligence

MAY 1, 2024

As Empath-IA took shape, Ingesan allocated 5% of the innovation budget to implement it and to explore other opportunities — an investment already with measurable ROI. So using the Empath-IA program as a starting point, Ingesan is prioritizing the application potential of gen AI in the field of occupational risk prevention.

Digital Transformation 95

Digital Transformation ROI Metrics Measurement 95

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 86

Measurement Metrics Reporting Strategy 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.

Strategy 73

Strategy Cost-Benefit Key Performance Indicator Consulting 73

CIO Business Intelligence

MARCH 16, 2022

and ‘What is the risk of not changing?’”. To that end, his technology organization is hyper-focused on measuring and reporting on its performance. Clarity in measuring promise-and-delivery gaps is key,” he says. Metrics are mandatory. “If If you don’t measure it, it doesn’t matter,” says Mead of SPR Consulting.

Management 143

Management Measurement Metrics Consulting 143

CIO Business Intelligence

MAY 25, 2023

Deneen DeFiore is a Hall of Fame technology executive who currently serves as vice president and chief information security officer at United Airlines, where she leads the cybersecurity and digital risk organization to ensure the company is prepared to prevent, detect, and respond to evolving cyber threats. What are the metrics you focus on?

Metrics 111

Metrics Risk Marketing Measurement 111

Smart Data Collective

SEPTEMBER 2, 2023

Key performance indicators (KPIs) can serve as excellent measuring sticks that guide your progress and allow you to define and evaluate success. These metrics are typically narrow in scope, such that they can’t tell you everything about the progress of your campaign. For example: Fixation on KPIs. Misleading conclusions.

Key Performance Indicator 116

Key Performance Indicator Statistics Metrics Interactive 116

IBM Big Data Hub

APRIL 9, 2024

This makes it possible to then use watsonx.governance to evaluate the quality of the output, using metrics such as ROUGE, METEOR and perplexity scores while using HAP guardrails to eliminate any hate, abuse or profanity content. We also measure response time since this is a near real-time system. .” Watsonx.ai

Management 87

Management IT Machine Learning Metrics 87