CIO Business Intelligence

JULY 23, 2023

EY recently found that in current economic and financial uncertainty, 94% of tech executives plan to increase their IT investment over the next year. Optimization also rose to the top of IT leaders’ lists: 67% measure success within their IT organization by better optimizing resources.

Optimization 95

Optimization IT Digital Transformation Uncertainty 95

Cloudera

DECEMBER 3, 2021

Surely there are ways to comb through the data to minimise the risks from spiralling out of control. 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. System Design.

Uncertainty 103

Uncertainty Measurement Metrics Risk 103

IBM Big Data Hub

FEBRUARY 20, 2024

These proactive measures are made possible by evolving technologies designed to help people adapt to the effects of climate change today. The model could potentially be used to identify conditions that raise the risks of wildfires and predict hurricanes and droughts. But what will the impacts of climate change be in the future?

Modeling 121

Modeling Forecasting Reporting Risk 121

O'Reilly on Data

MARCH 31, 2020

This means that the AI products you build align with your existing business plans and strategies (or that your products are driving change in those plans and strategies), that they are delivering value to the business, and that they are delivered on time. Machine learning adds uncertainty. AI product estimation strategies.

Management 332

Management Machine Learning Experimentation Metrics 332

CIO Business Intelligence

OCTOBER 18, 2023

If anything, 2023 has proved to be a year of reckoning for businesses, and IT leaders in particular, as they attempt to come to grips with the disruptive potential of this technology — just as debates over the best path forward for AI have accelerated and regulatory uncertainty has cast a longer shadow over its outlook in the wake of these events.

Risk 141

Risk Manufacturing Enterprise Technology 141

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 135

Digital Transformation Uncertainty Metrics Business Objectives 135

CIO Business Intelligence

JANUARY 15, 2024

He says to do otherwise would risk being left behind. “AI Sanjay Srivastava, chief digital strategist at Genpact, can attest to the value of this leadership-building strategy, saying that “a curated network of like-minded peers across industries that I can brainstorm with” has been extremely helpful. “I It’s not just talk or a label.

IT 131

IT Consulting Strategy Sales 131

CIO Business Intelligence

JULY 7, 2023

As an IT management framework, ITIL can help businesses manage risk, strengthen customer relations, establish cost-effective practices, and build a stable IT environment that allows for growth, scale, and change. This certification focuses on how IT influences and informs business strategy.

Cost-Benefit 98

Cost-Benefit Strategy Management Uncertainty 98

BizAcuity

MARCH 18, 2019

The consumer lending business is centered on the notion of managing the risk of borrower default. Credit scoring systems and predictive analytics model attempt to quantify uncertainty and provide guidance for identifying, measuring and monitoring risk. Benefits of Predictive Analytics in Unsecured Consumer Loan Industry.

Predictive Analytics 83

Predictive Analytics Analytics Cost-Benefit Data mining 83

IBM Big Data Hub

OCTOBER 18, 2022

It’s more vexing than regulation, cyber risk, and even supply chain disruptions. Nearly all CEOs say they’re at least taking their first steps in piloting their sustainability strategy. Most admit uncertainty around ROI and nearly half struggle with adequate insights from their data. But many businesses have a long way to go.

Uncertainty 52

Uncertainty Strategy Measurement Digital Transformation 52

CIO Business Intelligence

OCTOBER 25, 2023

The recent breach is a stark reminder of the importance of robust security measures and continuous monitoring to safeguard identity provider systems and protect against these potential impacts. Deception changes the dynamics by injecting uncertainty into your environment.

Uncertainty 143

Uncertainty Measurement Data-driven Reporting 143

datapine

MAY 31, 2022

We discussed already some of these cloud computing challenges when comparing cloud vs on premise BI strategies. This increases the risks that can arise during the implementation or management process. The risks of cloud computing have become a reality for every organization, be it small or large. Cost management and containment.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CDW Research Hub

OCTOBER 19, 2021

Combining our businesses will accelerate progress on our three-part growth strategy by augmenting our portfolio and enhancing our ability to deliver customer-centric outcomes across the full technology solutions stack and lifecycle. Leahy, president and chief executive officer, CDW. About Clayton, Dubilier & Rice.

Uncertainty 102

Uncertainty Sales Finance Cost-Benefit 102

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

Cloudera

DECEMBER 11, 2020

Insurance and finance are two industries that rely on measuring risk with historical data models. To facilitate risk modeling in this new normal, agility and flexibility is required. Data Variety. This will only become more important as we move into 2021 and a post-pandemic new normal.

Insurance 96

Insurance Digital Transformation Unstructured Data Machine Learning 96

Jet Global

JULY 23, 2020

Fortunately, the level of uncertainty has fallen considerably, as many businesses are beginning to re-open, albeit with some restrictions and under capacity restrictions. F&A should be monitoring receivables closely, understanding which customers may be at risk, and taking an aggressive stance on collections. Continue to Run Lean.

Uncertainty 95

Uncertainty Finance Cost-Benefit Reporting 95

IBM Big Data Hub

APRIL 18, 2024

Beyond cost savings, organizations seek tangible ways to measure gen AI’s return on investment (ROI), focusing on factors like revenue generation, cost savings, efficiency gains and accuracy improvements, depending on the use case. The AGI would need to handle uncertainty and make decisions with incomplete information.

Cost-Benefit 95

Cost-Benefit Modeling Manufacturing Interactive 95

Smart Data Collective

FEBRUARY 2, 2021

Especially during this time of uncertainty, customers want to know that the businesses they are buying from are ready to protect their personal information. To reduce this risk, companies should only keep the information they need and ensure that all necessary files are kept encrypted. Data breaches damage reputations.

Data Processing 66

Data Processing Risk Uncertainty Strategy 66

CIO Business Intelligence

SEPTEMBER 12, 2022

“It requires bold bets and a willingness to persevere despite setbacks, criticism, and uncertainty,’’ wrote McKinsey senior partners Laura Furstenthal and Erik Roth in a recent blog post. “By Change Management, Innovation, IT Leadership, IT Strategy Santhosh Keshavan, executive vice president and CIO, Voya.

Experimentation 133

Experimentation Consulting Technology Machine Learning 133

bridgei2i

JULY 8, 2020

They discuss the impact of the pandemic on enterprises and the need to adopt parallel windows – a short term window to get an enterprise’s operational system up and running as effectively as possible, and a medium-term outlook to mitigate the supply chain shocks and risks. Tune in, and don’t forget to subscribe!

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

Alation

JUNE 14, 2023

At the recent webinar Fifth Third’s Journey to Data Mesh with Alation and Snowflake Kaleigh Lavorini , director of product ownership and data strategy at Fifth Third , explains that many people don’t know whether they’re a data source owner, or even where their data goes or who uses it. This is the foundation of our data mesh strategy.”

Data-driven 52

Data-driven Finance Uncertainty Digital Transformation 52

Cloudera

NOVEMBER 19, 2018

To achieve success, they must formulate and implement strategies for sustainability that encompass not just environmental (“green”) issues, but also social, economic, and cultural concerns. Companies that fail to embrace this responsibility threaten their own survival.

Digital Transformation 40

Digital Transformation IoT Cost-Benefit Uncertainty 40

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. It is also a sound strategy when experimenting with several parameters at the same time.

Experimentation 52

Experimentation Optimization Uncertainty Metrics 52

The Unofficial Google Data Science Blog

APRIL 17, 2017

Quantification of forecast uncertainty via simulation-based prediction intervals. First, the system may not be understood, and even if it was understood it may be extremely difficult to measure the relationships that are assumed to govern its behavior. Crucially, our approach does not rely on model performance on holdout samples.

Forecasting 83

Forecasting Modeling Statistics Uncertainty 83

O'Reilly on Data

SEPTEMBER 15, 2020

Technical sophistication: Sophistication measures a team’s ability to use advanced tools and techniques (e.g., Technical competence: Competence measures a team’s ability to successfully deliver on initiatives and projects. Technical competence results in reduced risk and uncertainty.

Cost-Benefit 293

Cost-Benefit Advertising ROI Machine Learning 293

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. If people need to go through multiple layers of approvals, they run the risk of building a very inefficient system. IT Leadership, IT Strategy Keep calm and lead on.

IT 133

IT Cost-Benefit Uncertainty Digital Transformation 133

DataKitchen

SEPTEMBER 21, 2023

The uncertainty of not knowing where data issues will crop up next and the tiresome game of ‘who’s to blame’ when pinpointing the failure. Running these automated tests as part of your DataOps and Data Observability strategy allows for early detection of discrepancies or errors. One of the primary sources of tension?

Testing 176

Testing Data Quality Predictive Modeling Metrics 176

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. Through the analysis of collected data, potential opportunities for improvement are uncovered.

Data-driven 90

Data-driven IT Measurement Cost-Benefit 90

O'Reilly on Data

JULY 20, 2021

It comes down to a key question: is the risk associated with an action greater than the trust we have that the person performing the action is who they say they are? When we consider the risk associated with an action, we need to understand its privacy implications. There is a tradeoff between the trust and risk. Source: [link].

Risk 304

Risk Software Interactive Modeling 304

The Unofficial Google Data Science Blog

JULY 22, 2020

by ALEXANDER WAKIM Ramp-up and multi-armed bandits (MAB) are common strategies in online controlled experiments (OCE). These strategies involve changing assignment weights during an experiment. The first is a strategy called ramp-up and is advised by many experts in the field [1].

Experimentation 95

Experimentation Statistics Testing Strategy 95

The Unofficial Google Data Science Blog

AUGUST 27, 2019

The measurement may be biased if our samples are generated from a procedure that samples without replacement, such as reservoir sampling , especially if some items have disproportionate weight, i.e., $p(v_i) cdot n$ is large. There are many strategies we can use to estimate this quantity, and we will discuss each option in detail.

Metrics 98

Metrics Statistics Uncertainty Optimization 98

O'Reilly on Data

DECEMBER 9, 2019

Because of this trifecta of errors, we need dynamic models that quantify the uncertainty inherent in our financial estimates and predictions. Practitioners in all social sciences, especially financial economics, use confidence intervals to quantify the uncertainty in their estimates and predictions.

Statistics 27

Statistics Uncertainty Risk Marketing 27

Domino Data Lab

JUNE 23, 2019

These measurement-obsessed companies have an advantage when it comes to AI. Google, Facebook, other leaders, they really have set up a culture of extreme measurement where every part of their product experience is instrumented to optimize clicks and drive user engagement.

Management 110

Management Machine Learning Experimentation Metrics 110

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

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. Measurable: Is your metric quantifiable?

Metrics 84

Metrics Reporting Key Performance Indicator KPI 84

Jet Global

MAY 10, 2021

At a time of great uncertainty, the role of finance professionals has, of necessity, evolved into an ever more strategic one. Typically, if debt and equity costs are high, the preferred strategy may be to favor profitability over growth. Risk and compliance issues that may impact certain actions or decisions.

Finance 98

Finance Recreation/Entertainment Reporting Uncertainty 98

O'Reilly on Data

JUNE 16, 2020

We know, statistically, that doubling down on an 11 is a good (and common) strategy in blackjack. But when making a decision under uncertainty about the future, two things dictate the outcome: (1) the quality of the decision and (2) chance. Consider risk not only in terms of likelihood but also in terms of the impact of your decisions.

Uncertainty 275

Uncertainty Testing Risk Reporting 275