DataRobot Blog

DECEMBER 15, 2022

By simplifying Time Series Forecasting models and accelerating the AI lifecycle, DataRobot can centralize collaboration across the business—especially data science and IT teams—and maximize ROI. The order of the models will be based on the project’s metric—and can be changed based on your configuration.

Forecasting 81

Forecasting Modeling ROI Machine Learning 81

Insight

FEBRUARY 19, 2020

I held out 20% of this as a test set and used the remainder for training and validation. Feature Selection and Engineering Most of the inputs to my model were taken either as is from the data source, or with minimal processing. The ROI is simply the fraction of the budget that the movie makes back at the box office (i.e.,

Risk 67

Risk ROI Modeling Metrics 67

DataRobot

NOVEMBER 15, 2021

DataRobot AI Cloud on AWS enables organizations across the banking and healthcare industry to easily build, deploy, and monitor machine learning models that yield actionable insights and ROI. DataRobot & Palantir Foundry Demand Forecasting Solution. Find out more. Microsoft.

Manufacturing 52

Manufacturing Forecasting Machine Learning Data-driven 52

Sisense

SEPTEMBER 25, 2020

Linear regression is a form of supervised learning (or predictive modeling). In supervised learning, the dependent variable is predicted from the combination of independent variables. When a single independent variable is used to predict the value of a dependent variable, it’s called simple linear regression. Clustering.

Statistics 98

Statistics Predictive Modeling Modeling Machine Learning 98

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. A single model may also not shed light on the uncertainty range we actually face.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

Occam's Razor

JANUARY 7, 2019

There is too much goodness in modeling that you are not taking advantage of. From segmentation models to identifying incrementality to predictive modeling to survival analysis to clustering to time series to… I could keep going on and on. Hire an experienced statistician to be a part of your analytics team.

Marketing Analytics 88

Marketing Analytics Marketing Analytics Strategy 88

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. Everything is being tested, and then the campaigns that succeed get more money put into them, while the others aren’t repeated.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

Smarten

JULY 31, 2019

Once the business has chosen data democratization and implemented a self-serve analytics solution, it must measure ROI & TCO and establish metrics that will compare business results achieved before and after the implementation. How does one measure the effectiveness of a new Augmented Data Discovery solution? But, that is OK.

Predictive Modeling 40

Predictive Modeling Metrics Measurement ROI 40

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.

Statistics 40

Statistics Enterprise Measurement Business Intelligence 40

Smarten

JULY 3, 2017

When an enterprise selects a self-serve business intelligence solution with Advanced Data Discovery , Smart Data Visualization , Plug n’ Play Predictive Analysis and Self-Serve Data Preparation , it can create an environment where business users are empowered and become greater assets to the organization.

Predictive Modeling 40

Predictive Modeling Visualization Business Intelligence Experimentation 40

Depict Data Studio

SEPTEMBER 17, 2019

You’ll also learn about 508 compliance, like how to test your visuals for sufficient foreground/background contrast, colorblindness legibility, and grayscale legibility using accessibility checkers. . Text , you’ll learn the basics like writing titles, subtitles, and annotations that encapsulate your key finding.

Visualization 40

Visualization Consulting Dashboards Reporting 40

Jet Global

MAY 1, 2023

Return on Investment Now we bring it all together to calculate the ROI on embedded analytics. Costs: The investment in developing and maintaining the solution. “-1”: The formula assures that a positive ROI is achieved only when benefits exceed the costs. The formula looks like this: ($750k / $250k) = 3, so the ROI is 200 percent.

Analytics 52

Analytics Cost-Benefit Visualization Dashboards 52