CIO Business Intelligence

MAY 9, 2024

At a high level, a CAIO will need to understand the business well enough to identify where AI can make an impact, whether through new value streams or optimization, Daly says. And they should have a proficiency in data science and analytics to effectively leverage data-driven insights and develop AI models.

Risk Management 131

Risk Management Risk Cost-Benefit Technology 131

datapine

JANUARY 31, 2022

For example, in regards to marketing, traditional advertising methods of spending large amounts of money on TV, radio, and print ads without measuring ROI aren’t working like they used to. Consumers have grown more and more immune to ads that aren’t targeted directly at them. Let’s see it with a real-world example.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

DataRobot

JANUARY 13, 2022

Many companies find that they have a treasure trove of data but lack the expertise to use it to improve ROI. To move from experimental AI to production-level, trustworthy, and ROI-driven AI, it’s vital to align data scientists, business analysts, domain experts, and business leaders to leverage overlapping expertise from these groups.

ROI 52

ROI Machine Learning Experimentation Data Science 52

Smarten

DECEMBER 13, 2022

With business users on board, the enterprise can capitalize on its strategy and optimize return on investment (ROI) and total cost of ownership (TCO) for its technology investment. Gartner predicts that, ‘overall analytics adoption will increase from 35% to 50%, driven by vertical and domain-specific augmented analytics solutions.’.

Cost-Benefit 52

Cost-Benefit B2B Optimization Predictive Modeling 52

BizAcuity

APRIL 25, 2022

The casino operators are expected to face known challenges of rising competition, decreasing ROI, and a high churn rate. ROI is sacrosanct for a casino business. No ROI, no investment. Casinos have to continuously work on the game mix such that they are able to generate ROI while managing player win expectations.

Marketing 52

Marketing Strategy ROI Digital Transformation 52

IBM Big Data Hub

FEBRUARY 14, 2024

Other uses include Netflix offering viewing recommendations powered by models that process data sets collected from viewing history; LinkedIn uses ML to filter items in a newsfeed, making employment recommendations and suggestions on who to connect with; and Spotify uses ML models to generate its song recommendations.

Cost-Benefit 82

Cost-Benefit Insurance Unstructured Data Machine Learning 82

Smarten

AUGUST 21, 2019

Assisted Predictive Modeling – These tools enable the average business user to leverage sophisticated predictive algorithms without requiring statistical or data science skills. Original Post: Smarten Augmented Analytics: Sophistication and Simplicity.

Analytics 51

Analytics Predictive Modeling Visualization Statistics 51

CIO Business Intelligence

JULY 26, 2023

Joe Wilhemy, vice president of Re/Max’s business technology and data platforms, says Re/Max has built several machine learning models and adopted one via an acquisition called “first mover score,” which is designed to inform an agent about contacts in their database who are most likely to list their homes in the near future.

Data Lake 91

Data Lake Digital Transformation Machine Learning Data Architecture 91

IBM Big Data Hub

JUNE 29, 2023

Enterprises are constantly looking for new ways to optimize performance, increase reliability and extend asset lifespans—all without adding unnecessary costs. This information is then used to build predictive models of an asset’s performance over time and help spot potential problems before they arise.

Cost-Benefit 80

Cost-Benefit Measurement Management Predictive Analytics 80

IBM Big Data Hub

AUGUST 28, 2023

Text mining —also called text data mining—is an advanced discipline within data science that uses natural language processing (NLP) , artificial intelligence (AI) and machine learning models, and data mining techniques to derive pertinent qualitative information from unstructured text data.

Data mining 53

Data mining Machine Learning Deep Learning Marketing 53

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

by THOMAS OLAVSON Thomas leads a team at Google called "Operations Data Science" that helps Google scale its infrastructure capacity optimally. Others argue that there will still be a unique role for the data scientist to deal with ambiguous objectives, messy data, and knowing the limits of any given model.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

Occam's Razor

JANUARY 7, 2019

Google Optimize will be one of your BFFs in this quest. Does swapping out male model posters for cute animals triple sales? Businesses win when you optimize for a portfolio, because at any given time only a tiny fraction of people want to buy. Employees also become smarter when they have to optimize for more than one thing. :).

Marketing Analytics 88

Marketing Analytics Marketing Analytics Strategy 88

DataRobot Blog

NOVEMBER 9, 2017

I’ve spent the last 2+ years working with business analysts and MBA’s to build predictive models. You could: Change the way your company handles sales prospects by ranking them with a machine learning model. Improve the way your organization maintains its equipment using predictive maintenance.

Machine Learning 52

Machine Learning Data-driven Software Sales 52

AWS Big Data

MARCH 7, 2023

They should also provide optimal performance with low or no tuning. It helps you build, train, and deploy models consuming the data from repositories in the data hub. Decoupled and scalable – Serverless, auto scaled, and fully managed services are preferred over manually managed services.

Analytics 71

Analytics Data Warehouse Data Lake Metadata 71

Smarten

JUNE 25, 2018

Business Benefit: By identifying mean/median income of this segment, one can target marketing to this segment in order to improve ROI and sales revenue. Business Problem: Find out the average age and income for a particular type of product category purchased. Be sure to choose the right method for the type of data. About Smarten.

Statistics 40

Statistics Enterprise Measurement Business Intelligence 40

Jet Global

MAY 1, 2023

These licensing terms are critical: Perpetual license vs subscription: Subscription is a pay-as-you-go model that provides flexibility as you evaluate a vendor. Pricing model: The pricing scale is dependent on several factors. Return on Investment Now we bring it all together to calculate the ROI on embedded analytics.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52

Alation

MAY 2, 2023

Data analytics techniques, such as machine learning (ML), artificial intelligence (AI), and predictive modeling, can help businesses extract valuable insights from this data to improve operations and customer experience. With this data, they can make informed changes to business models, operations, and offerings.

Data Analytics 52

Data Analytics Analytics ROI Data Governance 52

Alation

MAY 2, 2023

Data analytics techniques, such as machine learning (ML), artificial intelligence (AI), and predictive modeling, can help businesses extract valuable insights from this data to improve operations and customer experience. With this data, they can make informed changes to business models, operations, and offerings.

Data Analytics 40

Data Analytics Analytics ROI Data Governance 40