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.

Risk 59

Risk Modeling Metrics Measurement 59

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

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

Robots and drones perform inspections by using AI-based visual recognition techniques. Asset performance management (APM) processes, such as risk-based and predictive maintenance and asset investment planning (AIP), enable health monitoring technologies. Risk-based asset strategies align maintenance efforts to balance costs and risks.

Management 85

Management Internet of Things Risk IoT 85

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

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. The great thing about the app is it’s very visual and it also has a reasonable amount of customization.”

Analytics 118

Analytics Broadcasting Predictive Analytics Metrics 118

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 88

Metrics Measurement Data-driven Optimization 88

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. Actionable insights.

Key Performance Indicator 114

Key Performance Indicator Statistics Metrics Interactive 114

DataKitchen

NOVEMBER 18, 2022

Logs and storage for problem diagnosis and visualization of historical trends. In addition to the tracking of relationships and quality metrics, DataOps Observability journeys allow users to establish baselines? Observability users are then able to see and measure the variance between expectations and reality during and after each run.

Testing 130

Testing Statistics Measurement Metrics 130

datapine

JANUARY 6, 2022

Through the art of streamlined visual communication, data dashboards permit businesses to engage in real-time and informed decision-making and are key instruments in data interpretation. Interval: a measurement scale where data is grouped into categories with orderly and equal distances between the categories.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

Jet Global

JUNE 12, 2023

Monitoring your accounts receivable metrics closely is the first step toward improving business performance. A good rule of thumb is to focus on the metrics that bring performance into focus. This metric is the most baseline performance metric there is, which is why almost everyone monitors it as part of financial reporting.

KPI 52

KPI Metrics Sales Dashboards 52

datapine

JUNE 15, 2023

A performance report is an analytical tool that offers a visual overview of how a business is performing in a specific strategy, project, or department. That said, the true value of these reports lies mainly in their visual nature. Each of these metrics is tracked in its actual value and compared to a target.

Reporting 207

Reporting Dashboards Cost-Benefit Sales 207

DataRobot Blog

SEPTEMBER 1, 2022

Imagine yourself as a pilot operating aircraft through a thunderstorm; you have all the dashboards and automated systems that inform you about any risks. This also shows how the models compare on standard performance metrics and informative visualizations like Dual Lift. Model Observability with Custom Metrics.

Metrics 145

Metrics Statistics Modeling Data Science 145

Smart Data Collective

MARCH 6, 2022

Business intelligence can help you gain a more accurate perspective on how your business is performing using key performance metrics. Business intelligence requires in-depth data leveraging and analysis using key performance metrics (KPIs). By 2023, 33% of companies will practice decision intelligence. Using Access Control Technology.

Business Intelligence 111

Business Intelligence Big Data Internet of Things Optimization 111

FineReport

JUNE 19, 2023

By accessing visually engaging interactive insights, you can enhance your decision-making processes to optimize your operations. Identifying areas for enhancement : By utilizing operational reports to track key performance indicators (KPIs), businesses can pinpoint areas that are underperforming and take necessary measures to improve them.

Operational Reporting 52

Operational Reporting Reporting Key Performance Indicator Dashboards 52

DataKitchen

JUNE 19, 2023

It involves tracking key metrics such as system health indicators, performance measures, and error rates and closely scrutinizing system logs to identify anomalies or errors. Conducting these tests ensures that your data products (like predictive models or visualizations) are accurate, relevant, and valuable to your end users.

Testing 130

Testing Cost-Benefit Metrics Data Quality 130

AWS Big Data

APRIL 12, 2023

With it, we found an intuitive product with rich visualizations that we could build and grow with rapidly, allowing us to innovate without monetary risks or being locked in to cumbersome contracts. Another product area where we invested in analytics to help organizations identify human risk is in gamified awareness training.

Dashboards 59

Dashboards Risk Data-driven Visualization 59

Smart Data Collective

JUNE 16, 2022

If you are trying to create a great website, then you have to leverage analytics tools to improve the quality of your site by assessing the right metrics. Analytics technology can measure the effectiveness of your website’s elements, reveal weak areas, and show you what needs improvement. Optimize your visual creatives.

Analytics 97

Analytics Testing Visualization Analytics Technologies 97

FineReport

MAY 31, 2023

A financial dashboard, one of the most important types of data dashboards , functions as a business intelligence tool that enables finance and accounting teams to visually represent, monitor, and present financial key performance indicators (KPIs).

Dashboards 52

Dashboards Key Performance Indicator Metrics Visualization 52

CIO Business Intelligence

JUNE 9, 2023

Simply put, data management is a sophisticated process involving various stages, such as data storage, processing, analysis, and visualization. Reduced risk: Effective data management can help businesses mitigate risks, such as data breaches, compliance violations, and reputational damage.

Strategy 116

Strategy Management Key Performance Indicator ROI 116

FineReport

APRIL 9, 2024

The implementation of robust healthcare data management strategies is imperative to mitigate the risks associated with data breaches and non-compliance. Furthermore, maintaining data security and compliance requires continuous vigilance and proactive measures to safeguard against potential vulnerabilities.

Digital Transformation 52

Digital Transformation Business Intelligence Data-driven Visualization 52

FineReport

APRIL 9, 2024

By leveraging advanced analytics capabilities, businesses can uncover hidden opportunities and potential risks within their datasets, allowing them to proactively address challenges and capitalize on emerging trends. In addition to these advancements, another prominent trend in data analysis is the growing impact of data visualization.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

Corinium

JUNE 6, 2019

Regulations and compliance requirements, especially around pricing, risk selection, etc., A properly set framework will ensure quality, timeliness, scalability, consistency, and industrialization in measuring and driving the return on investment. What advances do you see in Visual Analytics in the next five years?

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

datapine

NOVEMBER 5, 2019

By harnessing the insights, information, and metrics that are most valuable to key aspects of your business and understanding how to take meaningful actions from your data, you will ensure your business remains robust, resilient, and competitive. If you fail to do so, you risk damages in your productivity and costs. Smart alarms.

Dashboards 220

Dashboards Cost-Benefit Sales Metrics 220

AWS Big Data

APRIL 3, 2024

Many organizations already use AWS Glue Data Quality to define and enforce data quality rules on their data, validate data against predefined rules , track data quality metrics, and monitor data quality over time using artificial intelligence (AI). You can also visualize column-level data quality starting on the Schema tab.

Data Quality 89

Data Quality Visualization Metadata Metrics 89

datapine

FEBRUARY 14, 2021

That’s why it’s critical to monitor and optimize relevant supply chain metrics. Finally, we will show how to combine those metrics with the help of modern KPI software and create professional supply chain dashboards. Your Chance: Want to visualize & track supply chain metrics with ease?

Metrics 260

Metrics KPI Dashboards Sales 260

O'Reilly on Data

DECEMBER 12, 2019

1] This includes C-suite executives, front-line data scientists, and risk, legal, and compliance personnel. These recommendations are based on our experience, both as a data scientist and as a lawyer, focused on managing the risks of deploying ML. That’s where model debugging comes in. Sensitivity analysis.

Machine Learning 197

Machine Learning Modeling Testing Risk Management 197

FineReport

AUGUST 13, 2021

Insurance companies provide risk management in the form of insurance contracts. There are lots of benefits of insurance dashboards: Monitor claims and develops a smooth claim management process Analyze the risk and detect frauds Access and control the costs Display historical data in a real-time manner Compare performance. Conclusion.

Insurance 52

Insurance Dashboards KPI Analytics 52

CIO Business Intelligence

JUNE 30, 2023

All of this renewed attention on data and AI, however, brings greater potential risks for those companies that have less advanced data strategies. Can I also trust the mechanism by which I share that data without exposing myself inappropriately to risk? Most boards of directors are ready to take risks.

Internet of Things 104

Internet of Things Strategy Data Strategy Risk 104

datapine

OCTOBER 10, 2019

A business dashboard offers at-a-glance insights based on key performance indicators (KPIs) and is an intuitive and visually pleasing way to consume data. d) What KPIs, if measured, will help them reach their goals? If you don’t, you run the risk of creating a dashboard that nobody actually uses, wasting your time.

Dashboards 146

Dashboards Visualization Sales Metrics 146

Jet Global

OCTOBER 28, 2020

A CFO Key Performance Indicator (KPI) or metric is a quantifiable high level measure of financial performance. These performance metrics can also be used to measure a company’s financial performance relative to competitors in the same industry. KPIs and Metrics for the CFO’s Dashboard.

Dashboards 52

Dashboards KPI Metrics Measurement 52

Smart Data Collective

JULY 9, 2023

Understanding E-commerce Conversion Rates There are a number of metrics that data-driven e-commerce companies need to focus on. It is a crucial metric that provides priceless information about your website’s ability to transform visitors into paying customers. Some of the most important is conversion rates.

Optimization 74

Optimization Data Analytics Analytics Data-driven 74

datapine

MARCH 27, 2019

The ability to visualize real-time market changes. Unless you take the necessary precautions, you run the risk of having to deal with multiple non-common data entries that may make your stats, facts, figures, and metrics inconsistent. Visualize your data. 90% of the information transmitted to our brains is visual.

Management 129

Management Data-driven Dashboards Visualization 129

Occam's Razor

JANUARY 31, 2017

There is only one simple message above, and just two metrics that matter. Delete anything that's redundant, and simply visualize what's left for sharper focus. The challenge of course is that it is quite odd to see that the 2,120k number is on a graph that is visually lower than 106k. My approach was simple.

Visualization 148

Visualization IT Strategy Key Performance Indicator 148

datapine

NOVEMBER 15, 2022

1) What Are Product Metrics? 2) Types Of Product Metrics. 3) Product Metrics Examples You Can Use. 4) Product Metrics Framework. The right product performance metrics will give you invaluable insights into its health, strength and weaknesses, potential issues or bottlenecks, and let you improve it greatly.

Metrics 141

Metrics KPI Measurement Dashboards 141

Octopai

JULY 9, 2020

As a core principle of data management, all BI & Analytics teams engage with data lineage at some point to be able to visualize and understand how the data they process moves around throughout the various systems that make up their data environment. It required banks to develop a data architecture that could support risk-management tools.

Insurance 86

Insurance Risk Management Machine Learning Metadata 86

IBM Big Data Hub

JUNE 29, 2023

By integrating financial planning with strategic and operational planning, organizations can evaluate financial profitability, identify potential gaps or risks, and make necessary adjustments to achieve financial targets. Key performance indicators (KPIs) are established to measure progress and enable proactive management.

Key Performance Indicator 76

Key Performance Indicator Forecasting Sales Data Integration 76