4 Types of Distance Metrics in Machine Learning

Analytics Vidhya

Distance metrics are a key part of several machine learning algorithms. These distance metrics are used in both supervised and unsupervised learning, generally to. The post 4 Types of Distance Metrics in Machine Learning appeared first on Analytics Vidhya. Beginner Machine Learning Python Unsupervised clustering clustering evaluate distance functions distance metrics distance metrics mahine learning euclidean distance manhattan distance

A critical inventory metric: projected inventory level

Phocas

When it comes to managing inventory with a software solution, it is critical to establish inventory metrics that drive success for the present and future — making projected inventory level a crucial area to monitor.

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Take Advantage Of Operational Metrics & KPI Examples – A Comprehensive Guide

datapine

By establishing clear operational metrics and evaluate performance, companies have the advantage of using what is crucial to stay competitive in the market, and that’s data. Your Chance: Want to visualize & track operational metrics with ease? Top 12 Operational Metrics Examples.

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4 ways sales performance metrics can help your sales team

Phocas

The adoption of sales analytics software has grown throughout the business world because it allows you to set and measure sales performance metrics - an accurate reading of how you are tracking at any given time. Job Role - Sales Dynamic reporting KPIs and metrics

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The North Star Playbook

Every product needs a North Star. In this guide, we will show you the metrics product managers need to tie product improvements to revenue impact. If you are looking for a more-focused, less-reactive way to work, this guide is for you.

HOW TO CHOOSE EVALUATION METRICS FOR CLASSIFICATION MODEL

Analytics Vidhya

The post HOW TO CHOOSE EVALUATION METRICS FOR CLASSIFICATION MODEL appeared first on Analytics Vidhya. This article was published as a part of the Data Science Blogathon. INTRODUCTION Yay!! So you have successfully built your classification model. What should.

3 supplier performance metrics to increase returns

Phocas

Many purchasing managers are turning to data analytics to calculate supplier performance metrics which leads to better relationships and stronger returns.

Quick Guide to Evaluation Metrics for Supervised and Unsupervised Machine Learning

Analytics Vidhya

The post Quick Guide to Evaluation Metrics for Supervised and Unsupervised Machine Learning appeared first on Analytics Vidhya. This article was published as a part of the Data Science Blogathon. Introduction Machine learning is about building a predictive model using historical data.

11 Important Model Evaluation Metrics for Machine Learning Everyone should know

Analytics Vidhya

Overview Evaluating a model is a core part of building an effective machine learning model There are several evaluation metrics, like confusion matrix, cross-validation, The post 11 Important Model Evaluation Metrics for Machine Learning Everyone should know appeared first on Analytics Vidhya.

The Metrics Needed to Run Your SaaS Business

DataFloq

The growth trajectory of the SaaS Company can be measured if you pay attention to performance details. Would you like to increase the LTV while holding the CAC down? Do you have your customer acquisition rate higher that the churn rate?

Customer Retention Dashboard & Metrics Examples For Modern Companies

datapine

A customer retention dashboard and metrics depicted in a neat visual will help you in monitoring, analyzing, and managing multiple customer-centric points and how they echo in your business. Customer Retention Metrics Examples.

Building Like Amazon

Speaker: Leo Zhadanovsky, Principal Solutions Architect, Amazon Web Services

Amazon's journey to its current modern architecture and processes provides insights for all software development leaders. To get there, Amazon focused on decomposing for agility, making critical cultural and operational changes, and creating tools for software delivery. The result was enabling developers to rapidly release and iterate software while maintaining industry-leading standards on security, reliability, and performance. Whether you're developing for a small startup or a large corporation, learning the tools for CI/CD will make your good DevOps team great. We are excited to be joined by Leo Zhadanovsky, a Principal Solutions Architect at Amazon Web Services.

Corinium Meets: Quantum Metric Head of Behavioural Research Marina Shapira

Corinium

Ahead of her presentation at CDAO UK, we spoke with Quantum Metric’s Marina Shapira about predictive analytics, why companies should embrace a culture of experimentation how and CAOs and CXOs can work together effectively. What is behavioural research? And what role should it play in an organization's data and analytics strategy? Behavioural research seeks to understand what motivates people, how they perceive the world, make decisions and form habit. Customer Experience and Management

Inventory management metrics to handle demand volatility

Phocas

By putting inventory management metrics to work will help you be more flexible and keep your team focused on customers and suppliers who continue to trade. Due to the current health crisis some wholesalers are experiencing intense demand for certain products such as hand sanitizer, disinfectants, medical supplies, and personal protective equipment. As such, these companies are struggling to meet ongoing demand because of supply chain disruption.

The Right Metric Matters

Andrew White

An oft heard inquiry from clients is, “What is the right metric to use?” In all cases the assumption is that there is a definitive metric or key performance indicator (KPI). Such initiatives sought to provide an aligned set of metrics for all the major activities in an organization. In other words, the two metrics used provide local goals that when taken together, or globally, create complexity that will lead to inefficiencies.

Stock Coverage: days cover calculation and other stock metrics

Phocas

The question is, how do you measure 'days cover calculation' and other useful inventory metrics. Anyone who manages inventory is familiar with stock coverage. Industry - Wholesale Distribution Job Role - Inventory/Operations

The 5 Classification Evaluation Metrics Every Data Scientist Must Know

KDnuggets

This post is about various evaluation metrics and how and when to use them. 2019 Oct Tutorials, Overviews Data Scientist Machine Learning Metrics Python

Best Practices for a Marketing Database Cleanse

As frustrating as contact and account data management can be, this is still your database – a massive asset to your organization, even if it is rife with holes and inaccurate information. Entrusting a vendor to help maintain its accuracy and completeness is no ordinary engagement. Download ZoomInfo’s latest data-driven eBook aimed to help marketing leaders understand the best practices around choosing a B2B contact data provider.

Sustainable Behavior Change: Metrics, Measurements and Methods

Corinium

Corporate Learning CLO

7 metrics every sales manager must know and measure

Phocas

Here's the 7 metrics every sales manager must know and measure. Sales managers need to be savvy and strategic to get ahead. Job Role - Sales

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Clustering Metrics Better Than the Elbow Method

KDnuggets

We show what metric to use for visualizing and determining an optimal number of clusters much better than the usual practice — elbow method. 2019 Oct Tutorials, Overviews Clustering Metrics

The Top Metrics That Make a Difference for Software Development Teams

DataFloq

While business and project owners would undoubtedly say that they want to reach these goals, they fail to implement the necessary metrics into the software development process. Why Use Software Development Metrics?

How to Package and Price Embedded Analytics

dashboard of real-time metrics inside their primary application is all they need. HOW TO PACKAGE & PRICE EMBEDDED ANALYTICS. Practical Frameworks to Monetize Embedded Analytics Table of Contents Embedding Analytics to Lift Value and Revenue.

How Recruitment Metrics & Dashboards Can Help Improve Hiring New Candidates

datapine

That’s where recruitment metrics come in. By utilizing recruiting KPIs presented through the medium of visual and interactive HR dashboards , it’s possible to use recruitment metrics to better interpret and evaluate a variety of talent acquisition factors that aid in hiring processes. Exclusive Bonus Content: What are recruiting metrics & dashboards for? What You Can Learn From Recruitment Metrics. Our Top 10 Recruitment Metrics & KPI Examples.

Metrics Are The Characters of Data Stories

Juice Analytics

Perhaps it is worth considering whether metrics are our characters. Metrics are the critical pivot point — the thing that we want to see change for the better. Your metric selections should be carefully curated and intentional in the way that an author creates characters for a book. Our metric heroes need to have substance and depth of meaning. Vanity metrics have no place in your data stories. Metrics can be viewed as good or bad.

The problem with metrics is a big problem for AI

KDnuggets

The practice of optimizing metrics is not new nor unique to AI, yet AI can be particularly efficient (even too efficient!) 2019 Oct Opinions AI Metrics Rachel Thomasat doing so.

How to Create a Test Set to Approximate Business Metrics Offline

Analytics Vidhya

The post How to Create a Test Set to Approximate Business Metrics Offline appeared first on Analytics Vidhya. Introduction Most Kaggle-like machine learning hackathons miss a core aspect of a machine learning workflow – preparing an offline evaluation environment while building an. Data Science Intermediate Machine Learning Python evaluating the model evaluation model machine learning model machine learning production Model deployment

Build Product Progress with a Strong Data Culture

Speaker: Nima Gardideh, CTO, Pearmill

Have you ever thought your product's progress was headed in one direction, and been shocked to see a different story reflected in big picture KPIs like revenue? It can be confusing when customer feedback or metrics like registration or retention are painting a different picture. No matter how sophisticated your analytics are, if you're asking the wrong questions - or looking at the wrong metrics - you're going to have trouble getting answers that can help you. Join Nima Gardideh, CTO of Pearmill, as he demonstrates how to build a strong data culture within your team, so everyone understands which metrics they should actually focus on - and why. Then, he'll explain how you can use your analytics to regularly review progress and successes. Finally, he'll discuss what you should keep in mind when instrumenting your analytics.

25+ KPIs and Metrics for Finance Departments in 2020

Jet Global

A finance department Key Performance Indicator (KPI) or metric is a clearly defined quantifiable measure used to evaluate a company’s financial performance. Due to the number of financial performance indicators, a good approach to take is tiering the metrics.

Top 18 Social Media KPIs & Metrics You Should Use For A Complete SM Strategy

datapine

Here, we’ll examine 18 essential KPIs for social media, explore the dynamics and demonstrate the importance of social metrics in the modern business age with the help of a KPI software , and, finally, wrapping up with tips on how to set KPIs and make the most of your social platforms. These metrics are utilized by marketing teams to assess their efforts in all critical areas of social media-based performance, including engagement and advertising.

Data Analytics Provides New Insights on Email Marketing Metrics

Smart Data Collective

They need to stop sending cold emails until they have good metrics. However, you need to make sure that you use the right metrics in your email marketing campaigns. In addition, there are four important metrics in particular that you need to be using. These are not the only metrics you can use, but they are the ones you need to know before any others. And when you have reliable metrics, you’ll be able to notice how it benefits your business.

Top 25+ Retail KPIs and Metrics for 2020 Reporting

Jet Global

A retail Key Performance Indicator (KPI) or metric is a clearly defined and quantifiable measure that can be used to assess the performance of a retail business. These performance metrics can be used in a variety of ways. This is where financial retail metrics come into play.

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Crucial KPIs for Your Growing Company: 7 Principles & 35 Metrics Every SMB Needs

Expert advice for SMBs to help drive the right results, including: principles to making good decisions quickly, why you need leading and lagging indicators to improve your odds of success, and how to use interlocking KPIs to improve company alignment.

The Very Best Digital Metrics For 15 Different Companies!

Occam's Razor

There is no golden metric for everyone, we are all unique snowflakes! :). and tell you what are the best key performance indicators (metrics) for them. In the past I’ve shared a cluster of metrics that small, medium and large businesses can use as a springboard…. tearsofpain One way of removing silos and focusing on the entire business is to leverage Acquisition, Behavior and Outcome metrics. You’ll also segment these metrics by the most important priorities.

Take Complete Charge Of Customer Satisfaction Metrics – Customer Effort Score, NPS & Customer Satisfaction Score

datapine

Read here how these metrics can drive your customers’ satisfaction up! Customer satisfaction metrics evaluate how the products or services supplied by a company meet or surpass a customer’s expectations. For customer service industries, utilizing various customer satisfaction metrics like Customer Effort Score, Net Promoter Score, and Customer Satisfaction Score, with the help of the right KPI software will enable you to meet – or even exceed – your customers’ needs.

4 elements of an efficient business intelligence tool

Phocas

Most business people need access to data quickly so being able to rely on industry specific dashboards and metrics makes adoption across the business more accessible. There are so many business intelligence tools on the market, all promising a competitive edge for your business.

The 5 Classification Evaluation metrics every Data Scientist must know

MLWhiz

But do we really want accuracy as a metric of our model performance? What do we want to optimize for? Most of the businesses fail to answer this simple question. Every business problem is a little different, and it should be optimized differently. We all have created classification models. A lot of time we try to increase evaluate our models on accuracy. What if we are predicting the number of asteroids that will hit the earth

Quantifying a Culture of Innovation

Excellent Analytics Tip #23: Align Hits, Sessions, Metrics, Dimensions!

Occam's Razor

Today's post is about a new problem I'm starting to notice, which only exists because our tools have become so much cooler and handed us so much power: constant mismatching of hit- and session-level metrics and dimensions. It will be critical that you are familiar with what a metric is and what a dimension is. What is a metric? ]. Examples of these hit-level metrics are things like Time on Page, Bounce Rate, Page Value, Page Abandonment Rate, and others.

Email Marketing: Campaign Analysis, Metrics, Best Practices

Occam's Razor

You must use metrics that are unique to the medium. Ready for the best email marketing campaign metrics? So for our email campaign analysis let’s look at metrics using that framework. Optimal Acquisition Email Metrics. The key metrics you’ll measure will typically come from your email service provider (so make sure you check they can provide these metrics before you sign up and fork over the cash!). Segmenting this metric is really powerful.

These Top 3 Email Metrics Tools Are Made Possible By Big Data Analytics

Smart Data Collective

Email productivity is intrinsically linked to your productivity as a whole, and studying your email metrics using email metrics tools is the only way to make improvements. The Best Email Metrics Tools for Email Productivity. This email productivity tool for Gmail digs into your email metrics and assembles them into interactive, easy-to-understand charts and graphs. Big data is changing the nature of email marketing.

Smart Dashboard Modules: Insightful Dimensions And Best Metrics

Occam's Razor

Each shows a unique facet of digital performance, and I've attempted to choose the best dimensions and, for those dimensions, the best possible metrics. I've done the hard work on your behalf to pick the dimensions and critical few metrics that will illuminate your complete business performance. The problem is they over-indexed in acquisition (the first five metrics), only had one outcome metric, and no behavior metric.

Build Your Products to Be Business Savvy

Speaker: Amber Kearney, Product Manager, Capital One

Stakeholder decisions should not be the only business-minded facet of a product team. While the user experience should be your focal point, the product must adapt and succeed in the context of a larger economic climate. Why see business sense as an outside force? It's time to make business a part of the product's very anatomy. Join Amber Kearney, Product Manager at Capital One, and master business savvy in reporting and strategy.