Occam's Razor

APRIL 8, 2013

To win in business you need to follow this process: Metrics > Hypothesis > Experiment > Act. We are far too enamored with data collection and reporting the standard metrics we love because others love them because someone else said they were nice so many years ago. That metric is tied to a KPI.

Metrics 156

Metrics KPI Analytics Key Performance Indicator 156

O'Reilly on Data

MARCH 31, 2020

Machine learning adds uncertainty. Underneath this uncertainty lies further uncertainty in the development process itself. There are strategies for dealing with all of this uncertainty–starting with the proverb from the early days of Agile: “ do the simplest thing that could possibly work.”

Management 332

Management Machine Learning Experimentation Metrics 332

Cloudera

DECEMBER 3, 2021

This involves identifying, quantifying and being able to measure ethical considerations while balancing these with performance objectives. Systems should be designed with bias, causality and uncertainty in mind. Uncertainty is a measure of our confidence in the predictions made by a system. System Design. Model Drift.

Uncertainty 98

Uncertainty Measurement Metrics Modeling 98

CIO Business Intelligence

SEPTEMBER 20, 2023

They are afraid of failure and the uncertainty of knowledge work, and so that’s stressful. Agile is an amazing risk management tool for managing uncertainty, but that’s not always obvious.” The key is recognizing that planning must be an agile discipline, not a standalone activity performed independently of agile teams.

Digital Transformation 124

Digital Transformation Uncertainty Metrics Business Objectives 124

Smart Data Collective

JULY 1, 2023

Consistency and agreement Establish an agreement metric (e.g., Cohen’s Kappa) to measure inter-annotator agreement. Address their questions and clarify any uncertainties promptly. This helps ensure consistency among annotators and identifies areas of ambiguity in guidelines that need improvement.

Metrics 63

Metrics Machine Learning Uncertainty Deep Learning 63

Jet Global

MARCH 27, 2020

Now that every industry is facing a prolonged period of uncertainty, having access to accurate, up-to-date information is more critical than ever. With so much uncertainty on the horizon, everyone in the construction industry needs to be at the top of their game , especially in terms of finance and accounting. Bonding Capacity.

Uncertainty 64

Uncertainty Metrics Finance Measurement 64

Smart Data Collective

AUGUST 19, 2021

Businesses worldwide, especially SaaS businesses, have discovered that smart, measurable content marketing is the key to achieving their business goals. Then, you can simply plan, create, measure, optimize and repeat. Several metrics exist to help you figure this out. Measure the impact of decisions.

Marketing 131

Marketing Analytics Measurement Optimization 131

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

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

Jet Global

JUNE 23, 2020

As companies grapple with economic shutdowns, plummeting revenues, market instability, and economic uncertainty now and into the foreseeable future, they need financial insights more than ever before. It’s exactly the kind of capability companies need to move forward with any measure of clarity and confidence.

Reporting 98

Reporting Uncertainty Metrics Measurement 98

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

This classification is based on the purpose, horizon, update frequency and uncertainty of the forecast. Tactical vs strategic forecasts Forecasting problems may be usefully characterized on a continuum between tactical on the one hand, and strategic on the other. These characteristics of the problem drive the forecasting approaches.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

Jet Global

OCTOBER 8, 2020

And it’s possible to become lost in the minutiae of the many different metrics available to measure an organisation’s AR capabilities. Analysing the necessary data is a massive undertaking, and one that can draw finance professionals away from other tasks.

Finance 98

Finance Reporting Forecasting Metrics 98

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

Sisense

MARCH 26, 2020

To effectively identify what measures need to be taken, analytics can help to summarize and predict how companies should evolve to survive in a challenging environment. Now is the time to apply the full force of business intelligence used by analytics teams to help navigate growing uncertainty. While companies such as Adobe Inc.,

Management 91

Management Cost-Benefit Uncertainty Digital Transformation 91

Jet Global

MAY 5, 2020

Since the onset of the coronavirus crisis, businesses around the world are facing an unprecedented level of uncertainty. Most companies monitor some common metrics to make sure they are on track to maintain a sustainable level of cash into the foreseeable future. This is true of other metrics as well.

Management 69

Management Finance Sales Metrics 69

CIO Business Intelligence

JULY 7, 2023

This module validates your ability to measure, assess, and develop the Service Desk practice capability using the ITIL Maturity Model. It covers challenges around volatility, uncertainty, complexity, and ambiguity (VUCA) and how to conduct a full cost benefit analysis to identify potential risks and opportunities.

Cost-Benefit 97

Cost-Benefit Strategy Management Uncertainty 97

The Unofficial Google Data Science Blog

AUGUST 27, 2019

Of course, any mistakes by the reviewers would propagate to the accuracy of the metrics, and the metrics calculation should take into account human errors. If we could separate bad videos from good videos perfectly, we could simply calculate the metrics directly without sampling. The missing verdicts create two problems.

Metrics 98

Metrics Statistics Uncertainty Optimization 98

The Unofficial Google Data Science Blog

APRIL 16, 2019

Such decisions involve an actual hypothesis test on specific metrics (e.g. Often, an established product will have an overall evaluation criterion (OEC) that incorporates trade-offs among important metrics and between short- and long-term success. The metrics to measure the impact of the change might not yet be established.

Experimentation 68

Experimentation Sales Metrics Measurement 68

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

The Unofficial Google Data Science Blog

JANUARY 14, 2016

Unlike experimentation in some other areas, LSOS experiments present a surprising challenge to statisticians — even though we operate in the realm of “big data”, the statistical uncertainty in our experiments can be substantial. We must therefore maintain statistical rigor in quantifying experimental uncertainty.

Experimentation 41

Experimentation Statistics Metrics Measurement 41

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

datapine

SEPTEMBER 4, 2023

Not only is each flight color-coded by the airline, but this short movie-style visualization has transformed flight-based metrics into a piece of art that shows the path of each flight in action. A glorious example of numerical metrics transformed into something accessible, engaging, and informational for everyone.

Interactive 264

Interactive Visualization Cost-Benefit Dashboards 264

CIO Business Intelligence

JANUARY 4, 2023

Alternatively, some in the European Union are shifting their priority from trying to run operations faster, to trying to run them with lower power consumption. As with DPUs, more research and quantifiable comparisons are needed to support customers in determining whether composable infrastructure is right for their next system.

Cost-Benefit 56

Cost-Benefit Machine Learning Modeling Uncertainty 56

bridgei2i

JULY 8, 2020

This is probably the first time ever that we are witnessing a demand, a supply, and also a resource uncertainty. And if you’re a banker or an insurer, you’re probably busy figuring out how to measure these risks, mobilize these resources, and fund capital that’s going to provide strong growth. These are strange times.

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

Domino Data Lab

JUNE 23, 2019

Ensure that product managers work on projects that matter to the business and/or are aligned to strategic company metrics. These measurement-obsessed companies have an advantage when it comes to AI. Another pattern that I’ve seen in good PMs is that they’re very metric-driven. That’s another pattern.

Management 110

Management Machine Learning Experimentation Metrics 110

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. Begin With the (Strategic) End in Mind. In enterprise planning, follow-through is equally critical.

Enterprise 52

Enterprise Recreation/Entertainment Finance Reporting 52

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 82

Forecasting Data Warehouse Machine Learning Modeling 82

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

Domino Data Lab

JUNE 2, 2019

Clearly, when we work with data and machine learning, we’re swimming in those waters of decision-making under uncertainty. The most poignant for me was a simple approach for measuring noise within an organization. Measure how these decisions vary across your population. Worse than flipping a coin!

Data-driven 110

Data-driven Data Science Machine Learning Modeling 110

The Unofficial Google Data Science Blog

APRIL 19, 2021

The numerical value of the signal became decoupled from the event it was measuring even as the ordinal value remained unchanged. Calibration and other considerations Calibration is a desirable property, but it is not the only important metric. bar{pi} (1 - bar{pi})$: This is the irreducible loss due to uncertainty.

Modeling 122

Modeling IT Metrics Testing 122

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. Integrated e-commerce.

Finance 98

Finance Reporting Software Sales 98

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

The Unofficial Google Data Science Blog

FEBRUARY 29, 2016

The result is that experimenters can’t afford to be sloppy about quantifying uncertainty. These typically result in smaller estimation uncertainty and tighter interval estimates. Variance reduction through conditioning Suppose, as an LSOS experimenter, you find that your key metric varies a lot by country and time of day.

Experimentation 40

Experimentation Metrics Statistics Measurement 40

Jet Global

JULY 14, 2022

CFO is also a useful metric when you want to segregate sales from cash received due to normal operations. The accrual basis of accounting measures the financial position and performance of your business by understanding economic events regardless of when cash transactions occur. It’s a measure of negative cash flow.

Finance 52

Finance Cost-Benefit Measurement Sales 52

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.]. It measures how often a blog post is tweeted/retweeted. It measures how often a blog post is tweeted/retweeted. People matter.

Analytics 96

Analytics Measurement Metrics KPI 96

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

Occam's Razor

APRIL 15, 2019

A decade ago, data people delivered a lot less bad news because so little could be measured with any degree of confidence. In 2019, we can measure the crap out of so much. Bubble Kings most commonly reside in organizations where there is little to no accountability (or misplaced accountability, ex: celebration of vanity metrics).

Measurement 79

Measurement Strategy Data Processing Uncertainty 79