CIO Business Intelligence

JUNE 23, 2023

According to the MIT Technology Review Insights Survey, an enterprise data strategy supports vital business objectives including expanding sales, improving operational efficiency, and reducing time to market. The problem is today, just 13% of organizations excel at delivering on their data strategy.

Data Strategy 116

Data Strategy Strategy Visualization Consulting 116

CIO Business Intelligence

MARCH 25, 2024

Modern digital organisations tend to use an agile approach to delivery, with cross-functional teams, product-based operating models , and persistent funding. But to deliver transformative initiatives, CIOs need to embrace the agile, product-based approach, and that means convincing the CFO to switch to a persistent funding model.

Modeling 124

Modeling Cost-Benefit IT ROI 124

IBM Big Data Hub

DECEMBER 13, 2023

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. A procurement strategy is not merely a series of steps for acquiring goods and services. What is a procurement strategy?

Strategy 73

Strategy Cost-Benefit Key Performance Indicator Consulting 73

Smart Data Collective

AUGUST 17, 2021

Many companies have found that analytics technology is ideal for optimizing their business models in a number of ways. The best way to measure and analyze the growth of a business is to use business metrics. Business metrics are certain pieces of data that you use to measure various essential and relevant aspects of your business.

Measurement 121

Measurement Optimization Analytics Metrics 121

Occam's Razor

SEPTEMBER 15, 2011

Winners, well before they think data or tool, have a well structured Digital Marketing & Measurement Model. This article guides you in understanding the value of the Digital Marketing & Measurement Model (notice the repeated emphasis on Marketing, not just Measurement), and how to create one for yourself.

Measurement 166

Measurement Marketing Modeling Key Performance Indicator 166

CIO Business Intelligence

JUNE 9, 2023

Such is the case with a data management strategy. Leveraging that data, in AI models, for example, depends entirely on the accessibility, quality, granularity, and latency of your organization’s data. For example, smart hospitals employ effective data management strategies. The important point is to start and keep moving.

Strategy 116

Strategy Management Key Performance Indicator ROI 116

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. Measuring data analytics’ value Participants shared questions about how to measure data analytics program value.

Data Analytics 105

Data Analytics Strategy Analytics Metrics 105

Alation

OCTOBER 5, 2021

What is data governance and how do you measure success? Answers will differ widely depending upon a business’ industry and strategy for growth. The first step towards a successful data governance strategy is setting appropriate goals and milestones. Why is your data governance strategy failing?

Data Governance 96

Data Governance Strategy Data Quality Metrics 96

CIO Business Intelligence

APRIL 14, 2022

This article was co-authored by Katherine Kennedy , an Associate at Metis Strategy. The ability to provide transparent, data-driven insights and measure progress toward ESG commitments makes the technology leader critical to the success of any ESG strategy. Create dedicated data privacy and security teams.

Strategy 111

Strategy Digital Transformation IoT Measurement 111

CIO Business Intelligence

JANUARY 12, 2023

Data provides insights that support the overall strategy of the university. It can also help with specific use cases: from understanding where to invest resources and discovering new ways to engage pupils, to measuring academic outcomes and boosting student performance. The first step is to put in place a robust data strategy.

Data Strategy 98

Data Strategy Strategy IT Consulting 98

O'Reilly on Data

DECEMBER 12, 2019

Not least is the broadening realization that ML models can fail. And that’s why model debugging, the art and science of understanding and fixing problems in ML models, is so critical to the future of ML. Because all ML models make mistakes, everyone who cares about ML should also care about model debugging. [1]

Machine Learning 192

Machine Learning Modeling Testing Risk Management 192

DataRobot Blog

JUNE 27, 2022

In our previous two posts, we discussed extensively how modelers are able to both develop and validate machine learning models while following the guidelines outlined by the Federal Reserve Board (FRB) in SR 11-7. Monitoring Model Metrics.

Risk 59

Risk Modeling Metrics Measurement 59

Alation

MARCH 14, 2023

Data gathering and use pervades almost every business function these days — and it’s widely acknowledged that businesses with a clear strategy around data are best placed to succeed in competitive, challenging markets such as defence. What is a data strategy? Why is a data strategy important?

Data Strategy 52

Data Strategy Strategy Metadata Data Quality 52

IBM Big Data Hub

AUGUST 15, 2023

It’s like having a financial guide by your side, showing you the tangible benefits of your optimization strategies and motivating you to keep pushing forward. Similarly, comprehending the savings realized in a cloud-cost-optimization journey offers valuable insights into the impact of your efforts. What’s new? In version 8.9.3,

Optimization 65

Optimization Measurement Cost-Benefit Dashboards 65

IBM Big Data Hub

APRIL 10, 2023

Data fabric can help model, integrate and query data sources, build data pipelines, integrate data in near real-time, and run AI-driven applications. This data foundation is crucial for truly effective ESG strategies that can help boost business value and manage evolving sustainability regulations around the globe.

Strategy 94

Strategy Data Architecture Cost-Benefit Reporting 94

CIO Business Intelligence

JANUARY 24, 2023

A significant number of organizations are operating in a hybrid model — and expect to continue with that hybrid environment for the foreseeable future. And we say what we’re doing, the principle it’s related to, and here’s how we measure it.” Our key focus would be scaling talent development in hybrid work model,” Mazumder adds.

Strategy 142

Strategy Consulting Technology Software 142

Smart Data Collective

MARCH 14, 2022

Data analytics technology is becoming a more important aspect of business models in all industries. The importance of customer loyalty and customer service has become increasingly well-known and companies have needed to adapt their business models accordingly to gain a competitive edge. SaaS companies are no exception.

Modeling 97

Modeling Analytics Sales Key Performance Indicator 97

Cloudera

OCTOBER 20, 2021

What are the key climate risk measurements and impacts? When it comes to measuring climate risk, generating scenarios will be a critical tactic for financial institutions and asset managers. Climate risk measurement has no precedent from which to learn and there are numerous variables to consider. agent-based model (ABM) ?in

Risk 78

Risk Modeling Risk Management Measurement 78

Ontotext

MARCH 20, 2024

Large language models (LLMs): Generate human-quality text formats like emails, scripts, and marketing copy, personalized for each prospect. Industry-leading security measures safeguard your valuable sales information, giving you peace of mind. Robust security: Zenia Graph understands the importance of data security.

Data-driven 52

Data-driven Strategy Sales Data Integration 52

CDW Research Hub

AUGUST 2, 2022

In fact, many organizations have begun adopting zero-trust IoT security strategies to protect their IoT data from potential breaches. Anyone affected by a recent attack may be wondering, what IoT security measures can businesses in today’s climate take to keep their data safe from breaches, malware, and ransomware attacks?

IoT 52

IoT Strategy Internet of Things Measurement 52

AWS Big Data

JULY 14, 2023

The better organized the catalog is, the higher the potential for reuse and the return on investment for the services transformation strategy. The model should be able to showcase to LOBs their categories and capabilities. It is causing a ripple effect across IT organizations and shifting the way IT delivers applications and services.

Modeling 71

Modeling Visualization Reporting Measurement 71

CIO Business Intelligence

OCTOBER 10, 2022

Bass further expanded the concept to include ways for measuring the success of transformational leadership. This model encourages leaders to demonstrate authentic, strong leadership with the idea that employees will be inspired to follow suit. Transformational leadership model.

Modeling 145

Modeling Digital Transformation Software Manufacturing 145

Domino Data Lab

MARCH 3, 2021

It’s often stated that nothing changes inside an enterprise because you’ve built a model. In some cases, data science does generate models directly to revenue, such as a contextual deal engine that targets people with offers that they can instantly redeem. But what about good decisions?

Metrics 93

Metrics Modeling Sales Data Science 93

DataRobot Blog

MAY 26, 2022

Last time , we discussed the steps that a modeler must pay attention to when building out ML models to be utilized within the financial institution. In summary, to ensure that they have built a robust model, modelers must make certain that they have designed the model in a way that is backed by research and industry-adopted practices.

Risk 52

Risk Modeling Metrics Business Objectives 52

IBM Big Data Hub

JANUARY 5, 2023

Meaning, data architecture is a foundational element of your business strategy for higher data quality. Build data modeling lineage to perform root cause analysis of data quality issues. A data strategy can help data architects create and implement a data architecture that improves data quality.

Data Quality 52

Data Quality Data Architecture Strategy Data Lake 52

IBM Big Data Hub

APRIL 19, 2024

Mobile-connected technicians experience improved safety through measures such as access control, gas detection, warning messages or fall recognition, which reduces risk exposure and enhances operational risk management (ORM) during work execution. Risk-based asset strategies align maintenance efforts to balance costs and risks.

Management 94

Management Internet of Things Risk IoT 94

FineReport

JULY 26, 2021

When implemented effectively, a successful BI strategy will reach every corner of the organization, having a positive impact and enabling people to make the right decisions quickly. What is business intelligence strategy? At the same time, enterprises can use the BI strategy to gradually reach various business objectives.

Business Intelligence 52

Business Intelligence Strategy Cost-Benefit Data-driven 52

FineReport

JULY 26, 2021

When implemented effectively, a successful BI strategy will reach every corner of the organization, having a positive impact and enabling people to make the right decisions quickly. What is business intelligence strategy? At the same time, enterprises can use the BI strategy to gradually reach various business objectives.

Business Intelligence 52

Business Intelligence Strategy Cost-Benefit Data-driven 52

bridgei2i

JUNE 23, 2021

4 Key Elements of Enterprise AI Strategy. However, due to a lack of foundation to embed AI capabilities, companies cannot successfully leverage AI into their data and operational strategy. An effective Enterprise AI strategy should include the following aspects: Understanding AI Journey. Compliance.

Strategy 52

Strategy Enterprise Key Performance Indicator Digital Transformation 52

IBM Big Data Hub

APRIL 13, 2023

After developing a machine learning model, you need a place to run your model and serve predictions. If your company is in the early stage of its AI journey or has budget constraints, you may struggle to find a deployment system for your model. Also, a column in the dataset indicates if each flight had arrived on time or late.

Modeling 91

Modeling Statistics Machine Learning Testing 91

CIO Business Intelligence

NOVEMBER 6, 2023

This makes it more critical than ever to adopt strong security measures to protect sensitive information and infrastructure. Organizations must adopt proactive security strategies to maintain a secure on-premise environment while moving to the cloud.

Risk 132

Risk Measurement Cost-Benefit Strategy 132

Cloudera

MARCH 25, 2021

Probably more well known, the EU’s GDPR serves as a model for much of the new data privacy legislation coming forward. Risk management can be optimized by the improved use of data and analytics to run models, account for more variables and scrutinize probable outcomes. The post Will Data Privacy drive an Enterprise Data Strategy?

Data Strategy 64

Data Strategy Strategy Enterprise Insurance 64

CIO Business Intelligence

FEBRUARY 7, 2024

Stephen Franchetti, CIO of Samsara, a fleet management SaaS provider that went public in 2021, believes the only way to optimize your AI strategy (or any emerging technology strategy, in fact) is with a bottoms-up approach. That’s a measurable improvement and frees our support engineers to focus on higher-order work.”

KPI 105

KPI Measurement Experimentation Finance 105

CIO Business Intelligence

FEBRUARY 16, 2024

Building an effective GenAI strategy is about much more than launching a point solution or siloed group of tools that only work for one part of the business. In fact, there are five key areas CIOs need to consider when developing an enterprise GenAI strategy, all of which become much more achievable with the right partnerships in place.

Strategy 138

Strategy Insurance Digital Transformation Enterprise 138

Andrew White

NOVEMBER 1, 2019

The main angle was from the point of view of a university, but the point was related to business too: They (strategies) take too long to draft or define. Most of these strategies were effectively based on faith, hope, and charity. We have tried mightily to help organizations recognize what strategy is meant to be.

Strategy 56

Strategy Analytics Data-driven Data Strategy 56

Rocket-Powered Data Science

MARCH 19, 2021

Focus on the strategies that aim these tools, talents, and technologies on reaching business mission and goals: e.g., data strategy, analytics strategy, observability strategy ( i.e., why and where are we deploying the data-streaming sensors, and what outcomes should they achieve?).

Internet of Things 259

Internet of Things Analytics IoT Prescriptive Analytics 259

O'Reilly on Data

JULY 28, 2020

These measures are commonly referred to as guardrail metrics , and they ensure that the product analytics aren’t giving decision-makers the wrong signal about what’s actually important to the business. When a measure becomes a target, it ceases to be a good measure ( Goodhart’s Law ). Any metric can and will be abused.

Marketing 362

Marketing Experimentation Metrics Testing 362