CIO Business Intelligence

NOVEMBER 7, 2022

Panorama Consulting Solutions, which regularly surveys businesses on the outcomes of their ERP projects, shows in its 2022 report that 81% of projects met ROI expectations a year or more after go-live. million in implementation costs. million over the following nine months. However, it said that the $22.2

Manufacturing 128

Manufacturing Cost-Benefit Sales Consulting 128

DataRobot Blog

MAY 10, 2022

It has been over a decade since the Federal Reserve Board (FRB) and the Office of the Comptroller of the Currency (OCC) published its seminal guidance focused on Model Risk Management ( SR 11-7 & OCC Bulletin 2011-12 , respectively). With this definition of model risk, how do we ensure the models we build are technically correct?

Risk 64

Risk Modeling Machine Learning Data Quality 64

Cloudera

OCTOBER 3, 2018

Since 2011, our two companies have each innovated to build better products and win more business. Our partners will benefit from a single standard to build on, and a larger company with more customers to work with. Three years later, the core team of developers working inside Yahoo on Hadoop spun out to found Hortonworks.

Uncertainty 75

Uncertainty IoT Risk Reporting 75

IBM Big Data Hub

NOVEMBER 3, 2023

According to a recent Gartner report (link resides outside ibm.com), SSDs are currently surpassing HDDs as the preferred industry standard for structured data workloads. Cost While both NVMe and SATA have become more affordable in recent years, SATA SSDs are still somewhat more affordable. What is NVMe? For example, a 2.5

Cost-Benefit 72

Cost-Benefit Internet of Things Enterprise Technology 72

Domino Data Lab

AUGUST 6, 2021

With a framework and Enterprise MLOps, organizations can manage data science at scale and realize the benefits of Model Risk Management that are received by a wide range of industry verticals. It was first defined by the US Federal Reserve and Office of the Comptroller of the Currency ( SR 11-7 ) in April 2011. What Is Model Risk?

Risk Management 64

Risk Management Risk Modeling Enterprise 64

AWS Big Data

APRIL 5, 2023

The company decided to use AWS to unify its business intelligence (BI) and reporting strategy for both internal organization-wide use cases and in-product embedded analytics targeted at its customers. Showpad’s legacy solution was fragmented and expensive, with different tools providing conflicting insights and lengthening time to insight.

Dashboards 52

Dashboards Reporting Cost-Benefit Visualization 52

IBM Big Data Hub

NOVEMBER 20, 2023

According to a 2023 International Data Corporation (IDC) report (link resides outside ibm.com), NVMe was designed to speed data transfer to systems connected via a PCI express, a serial expansion bus that’s standard for connecting a computer to one or more peripheral devices. What is NVMe?

Internet of Things 64

Internet of Things Enterprise Technology IoT 64

Occam's Razor

NOVEMBER 2, 2015

The benefits are numerous. In my Oct 2011 post, Best Social Media Metrics , I'd created four metrics to quantify this value. Economic Value (EcV) is the value of short and long-term revenue and cost savings. The serious point is that when we choose to invest in Social Media, it comes at a cost. The opportunity cost.

B2B 167

B2B Metrics Recreation/Entertainment Testing 167

Domino Data Lab

JANUARY 6, 2019

Recently the World Economic Forum published “ The Future of Jobs Report 2018.” Sharply increasing importance of skills such as technology design and programming highlights the growing demand for various forms of technology competency identified by employers surveyed for this report. In particular, note “Exhibit 6:”. In a word, yes.

Data Science 56

Data Science Machine Learning Visualization Reporting 56

O'Reilly on Data

APRIL 23, 2024

But this kind of virtuous rising tide rent, which benefits everyone, doesn’t last. Back in 1971, in a talk called “ Designing Organizations for an Information-rich World ,” political scientist Herbert Simon noted that the cost of information is not just money spent to acquire it but the time it takes to consume it. “In

Advertising 334

Advertising Cost-Benefit Marketing Risk 334

Cloudera

JULY 22, 2024

However, amidst this disruption, one Cloudera customer reported that although many of their systems were impacted, Cloudera’s data-in-motion stack specifically demonstrated remarkable resilience, experiencing no downtime. The cloud provides many benefits from a cost, flexibility, and scalability perspective, especially for analytic workloads.

Cost-Benefit 85

Cost-Benefit Machine Learning Reporting Enterprise 85

Sisense

MAY 4, 2020

Businesses that use Big Data enjoyed increases in profits of between eight and ten percent as well as a ten percent reduction in overall costs. As long ago as 2011, the McKinsey Global Institute estimated that retailers using data analytics at scale could increase their operating margins by more than 60 percent.

Big Data 78

Big Data Data-driven Snapshot Unstructured Data 78

Occam's Razor

JUNE 4, 2018

Go to the Multi-Channel Funnels folder in Google analytics and look at two other yummy reports: Time Lag and Path Length. They report two dimensions of speed: How long does it take for a human to convert? Yet, this incredible benefit was not a part of YouTube TV’s merchandizing strategy from day one. You should. Add to Basket!

Strategy 125

Strategy Cost-Benefit Testing Sales 125

The Unofficial Google Data Science Blog

OCTOBER 12, 2017

Make experimentation cheap and understand the cost of bad decisions. Selection bias played a notable role in the discussion of the avian influenza outbreak of 2011 during which the reported case fatality rate was as high as 80% [2]. The gold standard of evidence is the randomized controlled experiment.

Experimentation 62

Experimentation Testing Statistics Metrics 62

Rita Sallam

AUGUST 28, 2022

In past Bake-Offs, we used loneliness and happiness data, opioid epidemic data, traffic fatalities, college costs, and homelessness. At a global level the number of people without reliable access to electricity spiked in 2011. Last year, we used global vaccine data , In 2020, we used population health data. EQ Technologic.

Analytics 52

Analytics Data Analytics Cost-Benefit Data-driven 52

Smart Data Collective

MARCH 16, 2020

The effort is laudable and realistic, but he needs to come up with a solution to contain costs. Deep learning is likely to play an essential role in keeping costs in check. Bernie Sanders needs to talk more about ways that he can control costs before passing Medicare for All. This will be essential for all countries.

Deep Learning 95

Deep Learning Unstructured Data Cost-Benefit Big Data 95

O'Reilly on Data

MAY 11, 2020

Regardless of how we think of ourselves, humans aren’t terribly good at trading off short-term stimulus against long-term benefits. Model Cards for Model Reporting by Mitchell et al. In a highly specific, short-term sense, possibly. In a long-term sense, definitely not. We don’t have to look far to see other feedback loops offline.

Modeling 294

Modeling Advertising Recreation/Entertainment Metrics 294