The Unofficial Google Data Science Blog

DECEMBER 4, 2019

The ROI of human involvement When it comes to human involvement, the key difference is in the magnitude of costs associated with any one forecast cycle. This defines the ROI on the investment of human time. With those stakes and the long forecast horizon, we do not rely on a single statistical model based on historical trends.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

datapine

SEPTEMBER 16, 2022

But often that’s how we present statistics: we just show the notes, we don’t play the music.” – Hans Rosling, Swedish statistician. But if the same insights or metrics are presented in a simple graph, the number rises to 97%. A BI strategy that leverages data visualization will provide an ROI of $13.01

Visualization 304

Visualization Dashboards Data-driven Statistics 304

Insight

FEBRUARY 19, 2020

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). The ROI is simply the fraction of the budget that the movie makes back at the box office (i.e., ROI = Profit/Budget). 158% (median ROI of 82%)!

Risk 67

Risk ROI Modeling Metrics 67

Andrew White

JANUARY 9, 2022

I try to relate as much published research as I can in the time available to draft a response. We will publish a new Top Trends for D&A for 2022 in a couple of months. This was not statistic and we have not really explored this in any greater detail since. I hope they are helpful. Keep a watch on Gartner.com.

Analytics 64

Analytics Measurement Modeling Data-driven 64

Domino Data Lab

MARCH 3, 2019

We had big surprises at several turns and have subsequently published a series of reports. O’Reilly Media published our analysis as free mini-books: The State of Machine Learning Adoption in the Enterprise (Aug 2018). What metrics are used to evaluate success? Let’s look through some of the insights gained from those reports.

Data Science 49

Data Science Deep Learning Machine Learning Modeling 49

Domino Data Lab

MAY 8, 2019

So much work in machine learning – either on the academic side which is focused on publishing papers or the industry side which is focused on ROI – tends to emphasize: How much predictive power (precision, recall) does the model have? Use of influence functions goes back to the 1970s in robust statistics.

Machine Learning 105

Machine Learning Data Science Modeling Visualization 105

Jet Global

MARCH 24, 2024

Non-profit metrics quantify the organization’s many endeavors in extending its impact on society. How to choose the right non-profit metrics? There are hundreds of metrics to choose from, and if they are not vetted properly, the organization could end up with too few or too many KPIs. What is a kpi?

Metrics 52

Metrics Reporting KPI Measurement 52

Andrew White

JANUARY 11, 2021

Gartner also published the same piece of research for other roles, such as Application and Software Engineering. We publish research for small organizations, not just larger organizations. Our operational teams are dissuaded from embracing D&A pilot programs into their operations because the ROI is so small.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Jet Global

JUNE 24, 2021

Non-profit metrics quantify the organization’s many endeavours in extending its impact on society. How to choose the right non-profit metrics? There are hundreds of metrics to choose from, and if they are not vetted properly, the organization could end up with too few or too many KPIs. What are non-profit KPIs?

Metrics 98

Metrics Reporting KPI Measurement 98

Jet Global

JUNE 24, 2023

Non-profit metrics quantify the organization’s many endeavours in extending its impact on society. How to choose the right non-profit metrics? There are hundreds of metrics to choose from, and if they are not vetted properly, the organization could end up with too few or too many KPIs. What are non-profit KPIs?

Metrics 52

Metrics Reporting KPI Measurement 52

Jet Global

MAY 1, 2023

As a result, end users can better view shared metrics (backed by accurate data), which ultimately drives performance. Return on Investment Now we bring it all together to calculate the ROI on embedded analytics. The formula looks like this: ($750k / $250k) = 3, so the ROI is 200 percent. cost reduction).

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52