Occam's Razor

SEPTEMBER 24, 2012

A Facebook employee (FBe) gave a talk about measuring ROI/Value of Facebook campaigns. So to imply the ROI in Step 4 is sub-optimal. Compute ROI: (cost of Facebook campaigns + salary of people running campaigns + agency creative costs) vs. profit from incremental product sales. Gets more Likes. It was huge.

Advertising 165

Advertising ROI Metrics Marketing 165

IBM Big Data Hub

MAY 17, 2024

Optimized: Cloud environments are now working efficiently and every new use case follows the same foundation set forth by the organdization. Cloud security maturity model The optimization of security is paramount for any organization that moves to the cloud. Service ownership is established and distributed to self-sufficient teams.

Modeling 92

Modeling Cost-Benefit Optimization Digital Transformation 92

CIO Business Intelligence

NOVEMBER 20, 2023

This refers to assessing contributions to a team’s backlog. Using tools such as Jira, which measures backlog management, it is possible to spot trends that are damaging to optimization. ROI and Metrics, Software Development Then we complemented these with the following four “opportunity-focused metrics.” Contribution analysis.

Measurement 122

Measurement Metrics Software Testing 122

Cloudera

OCTOBER 30, 2023

The FinOps framework is helping organizations to obtain the best ROI for their cloud transformation. FinOps 3 — Cloud Financial Operations — is a framework that allows companies to take the most of their investments in the cloud; in other words, maximize ROI. Optimize Reduce cloud spending and increase cloud efficiency.

Analytics 77

Analytics Cost-Benefit ROI Business Objectives 77

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

AWS Big Data

NOVEMBER 3, 2023

Better visibility can lend itself to gains in operational efficiency, informed business decisions, and further transparency into your return on investment (ROI) when using the various features available through AWS Glue. Refer to Managing user access inside Amazon QuickSight to find your existing QuickSight users. Let’s dive in!

Metrics 89

Metrics Dashboards Metadata Visualization 89

datapine

SEPTEMBER 6, 2022

Modern content performance reports in the shape of an interactive online dashboard present an intuitive and accessible way to assess your content’s success and its ROI in real-time and in one centralized location. It can help you optimize each stage to make the process as efficient as possible. Enter modern content reports.

Dashboards 179

Dashboards Reporting ROI Metrics 179

Rocket-Powered Data Science

JULY 21, 2023

as likely to say that their ROI on observability tools far exceeded expectations. Such prescriptive capabilities can be more proactive, automated, and optimized, making digital resilience an objective fact for businesses, not just a business objective. Leaders are 7.9x I call that “digital resilience for the win!”

Machine Learning 190

Machine Learning Metrics Reporting Internet of Things 190

IBM Big Data Hub

AUGUST 11, 2023

MES systems can assist managers with process management and process control, helping to facilitate optimal performance of manufacturing. By facilitating optimized production planning and scheduling, these systems ensure efficient resource allocation, workload balancing and on-time deliveries, leading to improved profitability.

Software 70

Software Manufacturing Cost-Benefit ROI 70

Smart Data Collective

MAY 16, 2022

Customer engagement refers to interactions with consumers through different channels to build better relationships. Use analytics to optimize in-product ads. Data analytics can help optimize all of them! Data analytics tools help you assess your ROI across all of these platforms. Adopt personalized services.

Data-driven 137

Data-driven Strategy Big Data ROI 137

CIO Business Intelligence

AUGUST 4, 2023

So, CIOs need to rethink how they are going to build valuable business capabilities, and not just acquire technologies with more features,” Dr. Setia says, referring to a central challenge that is redefining the CIO role today. Here are the most important strategies to avoid SaaS bloat.

Strategy 97

Strategy Cost-Benefit ROI Software 97

CIO Business Intelligence

DECEMBER 7, 2022

Put simply, it’s no longer a question of if your organization needs to fully optimize its IT production environments, but why haven’t you optimized them already? In addition, AIOps enabled Walgreens to optimize its Salesforce usage and automate the resolution of IT tickets. Assessing the most recurring issues.

ROI 85

ROI Cost-Benefit Modeling Data-driven 85

datapine

APRIL 12, 2023

To put our definition into a real-world perspective, here’s a hypothetical incremental sales example we’ve created for reference: A green clothing retailer typically sells $14,000 worth of ethical sweaters per month without investing in advertising.

Sales 176

Sales KPI Metrics Cost-Benefit 176

Smart Data Collective

NOVEMBER 26, 2021

Data analytics refers to the systematic computational analysis of statistics or data. Now more than ever, creating optimal consumer experiences is important to drive more business traffic and win more sales. It lays a core foundation necessary for business planning. Holistic Customer Experience.

Marketing 110

Marketing Data Analytics Key Performance Indicator Analytics 110

Rocket-Powered Data Science

OCTOBER 6, 2023

Decades (at least) of business analytics writings have focused on the power, perspicacity, value, and validity in deploying predictive and prescriptive analytics for business forecasting and optimization, respectively. Another way of saying this is: given some desired optimal outcome Y, what conditions X should we put in place.

Business Analytics 157

Business Analytics Prescriptive Analytics Analytics Diagnostic Analytics 157

CIO Business Intelligence

MAY 1, 2024

Ready to roll It’s shorter to make a list of organizations that haven’t announced their gen AI investments, pilots, and plans, but relatively few are talking about the specifics of any productivity gains or ROI. There’s pressure to demonstrate the uptake of true ROI, Gownder adds, but warns we’re not at that point yet.

Cost-Benefit 142

Cost-Benefit Metrics Insurance Measurement 142

IBM Big Data Hub

OCTOBER 25, 2023

Transformation planning: Generative AI can help define your modernization workflow through summarization, plan creation and generating reference architecture such as Terraform. Code generation: Code generation helps IT leaders overcome challenges related to developer bandwidth and optimizing the skills of a limited talent pool.

Cost-Benefit 85

Cost-Benefit ROI Modeling Testing 85

IBM Big Data Hub

NOVEMBER 13, 2023

Understanding legacy applications Legacy applications, in the context of information technology, refer to systems that have been in use for an extended period and typically exhibit the following characteristics: Outdated technology: Legacy applications often rely on outdated technology, which means they were built using older tools and systems.

Cost-Benefit 97

Cost-Benefit Digital Transformation Software Strategy 97

Smart Data Collective

MAY 15, 2021

There are a lot of ways that data-driven strategies can help marketers with onsite optimization and link-building. SEO is an acronym for Search Engine Optimization. Unlike our common assumptions about search engine optimization, it is only about search engines, and it is also geared towards people and your target audience.

Advertising 89

Advertising Optimization Marketing Strategy 89

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. The term “asset” can refer to both physical and non-physical items that companies own and use to create value. What is an asset?

Cost-Benefit 83

Cost-Benefit Measurement Management Predictive Analytics 83

IBM Big Data Hub

NOVEMBER 30, 2023

Talent acquisition refers to the ongoing strategy and process an organization and its HR department uses to source, attract, evaluate, hire and retain the highly-qualified new employees it needs to grow. Employee referrals: Encourage current employees to refer potential candidates from their professional networks.

Strategy 64

Strategy Cost-Benefit Consulting Data-driven 64

AWS Big Data

NOVEMBER 29, 2023

For more information about performance improvement capabilities, refer to the list of announcements below. With these new AI optimizations, Amazon Redshift Serverless scales proactively and automatically with workload changes across all key dimensions —such as data volume, concurrent users, and query complexity.

Data Warehouse 103

Data Warehouse Data Lake Analytics Machine Learning 103

Smart Data Collective

JULY 31, 2019

Link building is one of the best online marketing strategies in use today, thanks to its synergy with other marketing strategies and its incredibly high return on investment (ROI). By relying on Google Analytics , you can accurately measure the number of visitors you get from each referring domain, as well as each individual link.

ROI 80

ROI Measurement Metrics Publishing 80

IBM Big Data Hub

JUNE 26, 2023

For today’s IT professionals, AIOps is also one of the fastest ways to realize tangible ROI from digital transformation investments. Automation is often centered on efforts to optimize spend, achieve greater operational efficiency and incorporate new and innovative technologies, which often translate into a better customer experience.

Digital Transformation 53

Digital Transformation Cost-Benefit ROI Data-driven 53

Smart Data Collective

APRIL 23, 2019

The savviest marketers are leveraging big data to formulate better insights into the ROI of their influencer campaigns and identify ways to optimize them better. The data they collect well then be useful for optimizing their influencer campaigns. There are numerous analytics tools that are ideal for this.

Big Data 82

Big Data Data mining ROI Marketing 82

Smart Data Collective

DECEMBER 17, 2021

It refers to the process of copying all or part of the data from the hard disk or array to other storage media to prevent data loss caused by system operation error or system failure. In professional terms, it is called TCO and ROI, the overall investment cost and return on investment. What is backup? Reduce recovery time.

Cost-Benefit 103

Cost-Benefit Measurement Big Data ROI 103

erwin

AUGUST 31, 2023

Reduced Data Redundancy : By eliminating data duplication, it optimizes storage and enhances data quality, reducing errors and discrepancies. NoSQL databases challenge the dominance of the relational model in certain use cases by offering alternative data models optimized for specific scenarios.

Data-driven 98

Data-driven Modeling Enterprise Structured Data 98

IBM Big Data Hub

JUNE 2, 2023

Our approach focuses on business data domain-centric initiatives that can deliver value in the short term and create a development ecosystem conducive to incremental optimization—instead of a risky big-bang application and infrastructure update.

Consulting 83

Consulting Cost-Benefit Technology ROI 83

IBM Big Data Hub

APRIL 4, 2024

Hosted private cloud (also referred to as private cloud hosting): A hosted private cloud is run off-premises on a CSP’s servers. A private cloud can optimize performance by isolating workloads on dedicated servers. A VPC allows organizations to run code, host websites, and more in a secure setting with shared CSP resources.

Data Processing 95

Data Processing Cost-Benefit Software Digital Transformation 95

datapine

JULY 6, 2022

Sales goals and profit margins are all performance metrics examples that businesses reference, but it goes much deeper than that. In order to set a point of reference for your human resources professionals, the average time to fill is a helpful productivity metric. KPIs and productivity metrics can often act as intertwining categories.

Measurement 243

Measurement Metrics KPI Sales 243

AWS Big Data

OCTOBER 26, 2023

Read on to understand why price-performance matters and how Amazon Redshift price-performance is a measure of how much it costs to get a particular level of workload performance, namely performance ROI (return on investment). For low-cardinality data, there is another type of encoding that can be more optimal: BYTEDICT.

Data Warehouse 98

Data Warehouse Cost-Benefit Dashboards Optimization 98

datapine

OCTOBER 11, 2023

Being able to inform your strategies with actual facts instead of intuition will enable you to optimize your resources and ensure you are continuously improving. In time, this will help you increase customer satisfaction and skyrocket warehouse ROI. A good practice is to also calculate this metric for specific products.

Metrics 217

Metrics KPI Management Cost-Benefit 217

IBM Big Data Hub

AUGUST 30, 2023

It is an enterprise cloud-based asset management platform that leverages artificial intelligence (AI) , the Internet of Things (IoT) and analytics to help optimize equipment performance, extend asset lifecycles and reduce operational downtime and costs. IBM Maximo customers will be required to move to IBM MAS when Maximo 7.x

Data Processing 69

Data Processing Cost-Benefit Internet of Things Enterprise 69

IBM Big Data Hub

APRIL 18, 2024

AGI, sometimes referred to as strong AI , is the science-fiction version of artificial intelligence (AI), where artificial machine intelligence achieves human-level learning, perception and cognitive flexibility. Manufacturing and supply chain management AGI might revolutionize manufacturing by optimizing every step of the process.

Cost-Benefit 92

Cost-Benefit Modeling Manufacturing Interactive 92

datapine

NOVEMBER 13, 2019

Procurement reports provide a wealth of opportunity to improve your ROI based on your various procurement actions and activities. That way you can increase your ROI and ensure sustainable business development. These are what are referred to as ‘soft savings’ because they don’t go directly to the bottom line. click to enlarge**.

Reporting 158

Reporting KPI Cost-Benefit Metrics 158

datapine

APRIL 22, 2020

Now that you have a working knowledge of dashboard benefits and a data dashboard definition for reference, it’s time to move onto the next step. Primary KPIs: IT ROI. “Information is the oil of the 21st century, and analytics is the combustion engine.” – Peter Sondergaard. How Do I Make A Digital Dashboard: Best Practices.

Dashboards 189

Dashboards Key Performance Indicator Visualization Cost-Benefit 189

AWS Big Data

MARCH 7, 2023

They should also provide optimal performance with low or no tuning. And unlike data warehouses, which are primarily analytical stores, a data hub is a combination of all types of repositories—analytical, transactional, operational, reference, and data I/O services, along with governance processes. Data repositories represent the hub.

Analytics 74

Analytics Data Warehouse Data Lake Metadata 74