Occam's Razor

APRIL 21, 2014

The mistake we make is that we obsess about every big, small and insignificant analytics implementation challenge and try to fix it because we want 99.95% comfort with data quality. We wonder why data people are not loved. :). I believe these two posts with a collection of some of my favorite metrics will inspire you: 1.

Marketing Analytics 132

Marketing Analytics Marketing Analytics Measurement 132

Domino Data Lab

MARCH 3, 2019

Seriously, this entire article merely skims the surface of those reports. Check the end of this article for key guidance synthesized from the practices of the leaders in the field. Then, when we received 11,400 responses, the next step became obvious to a duo of data scientists on the receiving end of that data collection.

Data Science 49

Data Science Deep Learning Machine Learning Modeling 49

Domino Data Lab

FEBRUARY 4, 2019

For a sample of some of Dr. Kahneman’s recent work, check out this Harvard Business Review (HBR) article, “ Noise: How to Overcome the High, Hidden Cost of Inconsistent Decision Making.” Data science tinkering is typically accompanied by evidence for the merits of the exploration. Articulating process for data science.

Data Science 66

Data Science Experimentation Data-driven Machine Learning 66

datapine

JANUARY 31, 2022

Experts say that BI and data analytics makes the decision-making process 5x times faster for businesses. Renowned author Bernard Marr wrote an insightful article about Shell’s journey to become a fully data-driven company. Let’s look at our first use case. 5) Find improvement opportunities through predictions.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

datapine

FEBRUARY 22, 2022

Employ a Chief Data Officer (CDO). Big data guru Bernard Marr wrote about The Rise of Chief Data Officers. Before going all-in with data collection, cleaning, and analysis, it is important to consider the topics of security, privacy, and most importantly, compliance. Clean data in, clean analytics out.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Key Performance Indicator 218

Alation

MARCH 5, 2021

It includes the processes, roles and policies, standards and metrics that ensure the effective and efficient use of information in enabling an organization to achieve its goals.”. Organizations have much to gain from learning about and implementing a data governance framework. How Alation Activates Data Governance.

Data Governance 59

Data Governance Data Quality Dashboards Risk 59

datapine

APRIL 16, 2019

While sometimes it’s okay to follow your instincts, the vast majority of your business-based decisions should be backed by metrics, facts, or figures related to your aims, goals, or initiatives that can ensure a stable backbone to your management reports and business operations. 3) Gather data now. 6) Analyze and understand.

Data-driven 287

Data-driven Dashboards Visualization Cost-Benefit 287

Alation

JULY 6, 2021

But first, they need to understand the top challenges to data governance, unique to their organization. Source: Gartner : Adaptive Data and Analytics Governance to Achieve Digital Business Success. As data collection and volume surges, so too does the need for data strategy. Why Do Data Silos Happen?

Data Governance 52

Data Governance Metadata Data Quality Risk 52