Occam's Razor

JANUARY 29, 2008

Often though, atleast online, our hopes are dashed, efforts expended rarely have adequate ROI, the hype is followed with a bucket of cold water. It is not that measuring if "Visitors" / "Customers" itself is a ignoble goal. It is more that our execution efforts in measuring engagement are fatally flawed.

Measurement 99

Measurement Analytics Metrics Marketing 99

CIO Business Intelligence

NOVEMBER 13, 2024

Managers tend to incentivize activity metrics and measure inputs versus outputs,” she adds. Or instead of writing one article for the company knowledge base on a topic that matters most to them, they might submit a dozen articles, on less worthwhile topics. The solution is to rethink how companies give employees incentives.

IT 141

IT Consulting ROI Cost-Benefit 141

TDAN

MAY 16, 2023

The difficulty is convincing decision makers to invest in data when measures of data’s value either do not exist or feel too ambiguous to estimate. As digital transformation accelerates, interest in frameworks for linking data to monetary measures grows.Connecting data […] For data managers, the struggle is especially familiar.

Measurement 59

Measurement ROI Digital Transformation Management 59

datapine

JANUARY 6, 2022

Yet, before any serious data interpretation inquiry can begin, it should be understood that visual presentations of data findings are irrelevant unless a sound decision is made regarding scales of measurement. Interval: a measurement scale where data is grouped into categories with orderly and equal distances between the categories.

Visualization 246

Visualization Dashboards Cost-Benefit Measurement 246

datapine

FEBRUARY 14, 2021

The shorter the conversion cycle the better, and this invaluable supply chain metric will help you take the right measures to ensure that you can run your business with less money tied up in operations. The days sales outstanding (DSO) KPI measures how swiftly you are able to collect or generate revenue from your customers.

Metrics 260

Metrics KPI Dashboards Sales 260

datapine

FEBRUARY 4, 2020

Management thinker Peter Drucker once stated, “if you can’t measure it, you can’t improve it” – and he couldn’t be more right. Below, in the article, we’ve gathered some of the marketing reports templates that can easily be used to perfect the efficiency of generating data and reduce the time needed to create it.

Reporting 280

Reporting Marketing Advertising Metrics 280

datapine

NOVEMBER 13, 2019

In this article, we will explain the basic definition of procurement reports, talk about the benefits and challenges that occur when dealing with procurement data to provide you with innovative ideas on spotting inefficiencies. We will see this in our procurement report sample below in the article. e) Take accurate measurements.

Reporting 158

Reporting KPI Cost-Benefit Dashboards 158

datapine

OCTOBER 17, 2019

By the end of this article, making stunning and useful managerial reports will be second nature to you. As a Growthforce article states, management reporting helps answer some of the following questions for a CEO: “Am I pricing my jobs right? But before we get into the nitty-gritty, let’s give you a bit of background.

Reporting 263

Reporting Management Dashboards KPI 263

datapine

FEBRUARY 22, 2022

This includes defining the main stakeholders, assessing the situation, defining the goals, and finding the KPIs that will measure your efforts to achieve these goals. But the rewards outperform by far its costs, and it is well known that business intelligence ROI is real even if it is sometimes hard to quantify.

Business Intelligence 218

Business Intelligence Strategy Cost-Benefit Dashboards 218

Smart Data Collective

JULY 11, 2022

Many marketing automation tools like Hootsuite have sophisticated analytics tools to help marketers measures engagement with their social media content. You have to work harder to get a high ROI with social media advertising than with organic content, because you have to spend money on ads. Paid social media advertising.

Data Analytics 145

Data Analytics Analytics Advertising Big Data 145

CIO Business Intelligence

MARCH 19, 2025

Additionally, Deloittes ESG Trends Report highlights fragmented ESG data, inconsistent reporting frameworks and difficulties in measuring sustainability ROI as primary challenges preventing organizations from fully leveraging their data for ESG initiatives.

IT 59

IT Data Governance Data-driven Metrics 59

Smart Data Collective

SEPTEMBER 19, 2022

This article focuses on big data in financial industry, its role, and how it helps fintech companies protect their customers and improve the customer experience. Measure the ROI from delivering a great customer experience. By measuring ROI, they can identify where to improve and what to focus on.

Big Data 145

Big Data ROI Measurement Machine Learning 145

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. Renowned author Bernard Marr wrote an insightful article about Shell’s journey to become a fully data-driven company. The results?

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

CIO Business Intelligence

JUNE 9, 2023

Without it, businesses incur steep costs, but the downside, or costs, are often unclear because calculating data management’s return on investment (ROI), or upside, is a murky exercise. For many organizations, the real challenge is quantifying the ROI benefits of data management in terms of dollars and cents.

Strategy 116

Strategy Management Key Performance Indicator Cost-Benefit 116

Smart Data Collective

AUGUST 30, 2021

The simplest way is to measure the performance of your knowledge management. Unlike marketing metrics, knowledge management is challenging to measure. For example, how many articles should a company write to provide a comprehensive and exhaustive knowledge base? Top 6 Knowledge Management Metrics to Measure Employee Engagement.

Management 139

Management Analytics Metrics Measurement 139

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 103

ROI Measurement Metrics Publishing 103

datapine

MAY 31, 2022

We have already predicted in our BI trends article the importance and implementation of the cloud in companies like Alibaba, Amazon, Google and Microsoft. In this article, we have gathered the 12 most prominent challenges of cloud computing that will deliver fresh perspectives related to the market. Cost management and containment.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

Rocket-Powered Data Science

JULY 21, 2023

as likely to say that their ROI on observability tools far exceeded expectations. Here are a few of the customer performance metrics presented (measuring performance changes following the Splunk integration into the customers’ enterprise systems): 3X Faster Response Time, 90% Faster Mean Time to Remediation, and 60X Faster Insights.

Machine Learning 190

Machine Learning Metrics Internet of Things Reporting 190

Smart Data Collective

NOVEMBER 26, 2021

In this article, you’ll learn the different ways data analytics sets a new standard for revenue marketing. With it, you can measure your key performance indicators quickly and more objectively than traditional methods. Make Smarter Decisions and Meet Your KPI. What is revenue marketing?

Marketing 131

Marketing Data Analytics Key Performance Indicator Analytics 131

Smart Data Collective

DECEMBER 17, 2021

This article will focus on the different stages of this process: Types of Data, Data Collection, and Data Analysis. These insights optimized his marketing efforts for better ROI and conversion rates. The first step is setting the goals and defining what success metrics you want to measure. Data is a constant in today’s world.

Marketing Analytics 122

Marketing Analytics Marketing Data-driven Analytics 122

CIO Business Intelligence

MARCH 25, 2024

And they want to know exactly how much return on investment (ROI) can be expected when IT leaders make technology-related changes. CFOs have grown comfortable with the traditional project-based approach, through which they believe they get a better handle on spend certainty and a better sense of ROI.

Modeling 125

Modeling Cost-Benefit IT ROI 125

Smart Data Collective

APRIL 20, 2023

In this article, we’ll explore how you can use data to create a content marketing strategy that delivers results. In 2012, we wrote this article on using big data for market research , which you may want to look at. You will be able to generate a greater return on investment (ROI) for your content marketing efforts.

Marketing 110

Marketing Strategy Big Data ROI 110

Smart Data Collective

FEBRUARY 22, 2022

They are finding new ways to leverage data analytics and AI technology to maximize their ROI. The success of the strategies you implement to increase sales must be measured from different standpoints. They are measured by subtracting direct costs from total sales to then divide the result by the business’s net sales.

Data-driven 141

Data-driven Metrics Big Data Sales 141

CIO Business Intelligence

JULY 30, 2024

Freshservice’s AI capabilities, such as conversational support and solution article generator, are now regarded as the backbone of its IT operations to deliver intelligent and user-centric IT support.” This means identifying genuine use cases and measuring ROIs to see the real impact of AI. The result?

Management 115

Management IT ROI Predictive Analytics 115

Smart Data Collective

SEPTEMBER 30, 2021

In the past, marketers had to rely heavily on their gut instinct, because the performance of various strategies was harder to measure. This article will delve into this in more detail. Analytics technology is essential to the success of modern marketing. Making the Most Out of Analytics in Your Instagram Story Strategy.

Analytics 128

Analytics Marketing Sales Analytics Technologies 128

CIO Business Intelligence

SEPTEMBER 11, 2023

Additionally, members of the C-suite participate in monthly sprint sessions detailing the features shipped and the UX analytics that measure feature acceptance, while reinforcing the basic data science tenets and emphasis on value creation, he says. Lamb also provides materials and articles and shares what he learns at conferences.

Digital Transformation 135

Digital Transformation ROI Strategy Data Science 135

BA Learnings

AUGUST 7, 2021

In this article, we’ll be discussing 3 reasons why most digital transformation initiatives continue to fail so you can be aware of the red flags, and avoid them altogether. These could include: unclear goals, doing too much too fast, and lack of experienced professionals, among others. Let’s get started.

Digital Transformation 130

Digital Transformation Key Performance Indicator Cost-Benefit KPI 130

datapine

MAY 11, 2022

Moreover, a business intelligence strategy with visualization capabilities boasts a ROI of $13.01 This financial analytics metric measures the value of a company’s shares compared to an industry benchmark (second variable). Keep them short and concise and always add the units of measurement. back on every dollar spent.

Visualization 252

Visualization Dashboards Key Performance Indicator Sales 252

CIO Business Intelligence

MAY 13, 2024

Nevins says many companies have struggled to articulate anticipated ROIs from their AI investments, even those investments that leverage AI tools built into existing enterprise software. And many aren’t seeing returns after adopting AI. CEOs today are getting stricter around their AI initiatives in response, she says.

IT 131

IT Digital Transformation ROI Strategy 131

datapine

APRIL 15, 2020

That said, in this article, we will go through both agile analytics and BI starting from basic definitions, and continuing with methodologies, tips, and tricks to help you implement these processes and give you a clear overview of how to use them.

Business Intelligence 276

Business Intelligence Analytics Testing Dashboards 276

Smart Data Collective

APRIL 5, 2022

Earlier this year, VentureBeat published an article titled How data science can boost SEO strategy. SEM experts monitor your ad campaigns closely and make required adjustments so that your business gets optimal ROI. It also delivers measurable results that the clients can easily track. Campaign Analysis. Reporting Results.

Marketing 144

Marketing Data Analytics Analytics Advertising 144

CIO Business Intelligence

FEBRUARY 28, 2024

In this article, we explore the insights shared in an interview transcript to understand the impact of SD-WAN in India and how it addresses the unique challenges faced by the country’s networks. While SD-WAN may represent a higher initial investment compared to traditional routers, the long-term return on investment (ROI) is significant.

Cost-Benefit 98

Cost-Benefit Digital Transformation ROI Strategy 98

CIO Business Intelligence

AUGUST 7, 2023

David Linthicum , the author of An Insider’s Guide to Cloud Computing , recently wrote an article for InfoWorld that addresses this question. Cost savings, he suggests, is a “hard value” that’s easy to define and measure but not reliably provided by cloud computing. Agility and speed to innovation.

Cost-Benefit 98

Cost-Benefit Measurement ROI Risk 98

IBM Big Data Hub

MARCH 4, 2024

By becoming an AI+ enterprise, clients can realize the ROI not only for the AI use case but also for improving the related business and technical capabilities required to deliver AI use cases into production at scale. times higher ROI. times higher ROI.

Enterprise 96

Enterprise ROI Risk Strategy 96

CIO Business Intelligence

OCTOBER 4, 2022

As we saw in the previous article ( How The CIO Can Become The CMO’s Best Ally In The Use Of Data ), this ultimately comes down to the CIO’s ability to achieve stakeholder alignment across the executive team. The first step for CIOs is to break down internal barriers and address the problems caused by data siloed in legacy environments.

Cost-Benefit 106

Cost-Benefit Strategy Digital Transformation ROI 106

CIO Business Intelligence

NOVEMBER 18, 2022

In this article, I’ll explore common cloud optimization and FinOps challenges and strategies for overcoming them. However, it can be challenging to measure the business value associated with each type of cloud resource based on performance, availability, and other factors. Overcoming these challenges goes back to KPIs and OKRs.

Optimization 91

Optimization KPI Key Performance Indicator Cost-Benefit 91

datapine

JULY 24, 2019

From measuring budgetary efficiency, determining market trends, to understanding consumers real-time data analysis allows digital age businesses to easily identify the key performance indicators driving today’s markets. To learn more, check out our article on what are KPI reports. 2) Know your dashboards.

Dashboards 148

Dashboards Business Intelligence Visualization KPI 148