Smart Data Collective

AUGUST 4, 2022

Chris Westfall , the author of numerous books on management, thinks that poor communication between managers and employees is a serious issue affecting numerous businesses. The authors state that data analytics saves managers time and reduces the risk of inadvertent bias. The first is firing an employee.

Data-driven 135

Data-driven Metrics Data Collection Software 135

Data Science 101

JANUARY 15, 2020

We all are familiar with experiments , we read about them in books or newspapers. Bias ( syatematic unfairness in data collection ) can be a potential problem in experiments and we need to take it into account while designing experiments. Reliability: It means measurements should have repeatable results.

Experimentation 96

Experimentation Statistics Measurement Testing 96

O'Reilly on Data

JULY 20, 2021

The framework I’ve found most helpful is Contextual Integrity which was introduced by Helen Nissenbaum in the book Privacy in Context. This measurement of trust and risk is benefited by understanding who could be in front of the device. Privacy is hard to understand.

Risk 335

Risk Software Interactive Modeling 335

Smart Data Collective

MARCH 28, 2022

Since all the information is stored and organized perfectly, it can be made available to future prospective candidates in the form of fact books elucidating the various positive aspects of the institution with the help of statistics. Collaboration between data collectors should be encouraged to help learn from each other.

Data Analytics 105

Data Analytics Software Analytics Statistics 105

Jet Global

MAY 15, 2020

A financial Key Performance Indicator (KPI) or metric is a quantifiable measure that a company uses to gauge its financial performance over time. Under modern day reporting standards, companies are formally obligated to present their financial data in the following statements: balance sheet, income statement, and cash flow statement.

Metrics 98

Metrics Finance Reporting KPI 98

CIO Business Intelligence

OCTOBER 4, 2022

As Warren Jenson, LiveRamp President, said, failing to do this first can be counter-intuitive to the company’s data goals. In collaboration with the CMO, the CIO can bring their company’s own data in connection to a media partner for better targeting and measurement. 4) Use data to build new revenue streams.

Cost-Benefit 105

Cost-Benefit Strategy Digital Transformation ROI 105

Occam's Razor

AUGUST 13, 2012

Yehoshua Coren: Best ways to measure user behavior in a multi-touch, multi-device digital world. What's possible to measure. What's not possible to measure. We all have smart phones, laptops, tablets and soon Smart TVs – but most of our measurements are usually done in Cookies that are device/browser specific.

Modeling 125

Modeling Metrics Data Quality Data-driven 125

Occam's Razor

JULY 12, 2010

Let's go look at some tools… Measuring "Invisible Virality": Tynt. It measures how often a blog post is tweeted/retweeted. I also measure the # of Comments Per Post as a measure of how "engaging" / "valuable" people found the content to be. Or for that matter how many tools.

Analytics 97

Analytics Measurement Metrics KPI 97

Cloudera

MARCH 18, 2021

The Fundamental Review of the Trading Book (FRTB), introduced by the Basel Committee on Banking Supervision (BCBS), will transform how banks measure risk. At a glance, here are the primary changes FRTB introduces: A shift from value-at-risk (VaR) to an expected shortfall (ES) measure of risk under stress.

Machine Learning 55

Machine Learning Risk Risk Management Measurement 55

Occam's Razor

OCTOBER 12, 2017

Ask them what they worry about, ask them what they are solving for, ask them how they measure success, ask them what are two things on the horizon that they are excited about. It is still on the books, and places extraordinary power in the President of the US to do what they want to people who might not look like "Americans."

Marketing 138

Marketing Analytics Machine Learning Strategy 138

Occam's Razor

JUNE 6, 2007

I am thrilled to say that my book Web Analytics: An Hour A Day has been published and is now widely available. It has been such an amazing journey to write the book, and for it to come up almost exactly a year after I started this blog. Damini, Chirag and now the book! :). Part One: The book (my side of the story, details).

Analytics 60

Analytics Metrics Marketing Dashboards 60

Domino Data Lab

AUGUST 20, 2019

Many thanks to AWP Pearson for the permission to excerpt “Manual Feature Engineering: Manipulating Data for Fun and Profit” from the book, Machine Learning with Python for Everyone by Mark E. We discussed this as far back as Chapter 1 [in the book]. There is also a complementary Domino project available.

Testing 68

Testing Modeling Interactive Measurement 68

Depict Data Studio

SEPTEMBER 15, 2020

I would help train their nonprofits on evaluation, data collection, data analysis, and data visualization. ” I was in a book club of fellow data analysts who are self-employed. We’d read a book together every quarter. The measure of success used to be how many employees your business has.

Visualization 105

Visualization Consulting Dashboards Reporting 105

Occam's Razor

APRIL 15, 2019

Sadly still, negative data to the person/team receiving it. A decade ago, data people delivered a lot less bad news because so little could be measured with any degree of confidence. In 2019, we can measure the crap out of so much. I want to share one story that Mr. Mulally shared with us in a meeting ( and in his book ).

Measurement 80

Measurement Strategy Data Processing Uncertainty 80

FineReport

JULY 4, 2023

By regularly and automatically measuring KPIs, you can enhance productivity and reduce costs. This approach not only helps extract additional value from organizational data but also facilitates setting targets and measuring incremental progress in crucial areas of the business. Why do Businesses Track KPIs?

KPI 52

KPI Key Performance Indicator Dashboards Sales 52

Domino Data Lab

OCTOBER 2, 2019

This article covers causal relationships and includes a chapter excerpt from the book Machine Learning in Production: Developing and Optimizing Data Science Workflows and Applications by Andrew Kelleher and Adam Kelleher. You’ll measure this effect by looking at a quantity called the average treatment effect (ATE). Introduction.

Machine Learning 68

Machine Learning Measurement Modeling Testing 68

Ontotext

MAY 18, 2020

Ever since Hippocrates founded his school of medicine in ancient Greece some 2,500 years ago, writes Hannah Fry in her book Hello World: Being Human in the Age of Algorithms , what has been fundamental to healthcare (as she calls it “the fight to keep us healthy”) was observation, experimentation and the analysis of data.

Knowledge Discovery 72

Knowledge Discovery Experimentation Data-driven Metadata 72

FineReport

JUNE 29, 2023

Monitoring Power Consumption In buildings like factories and warehouses, the dashboard provides power consumption results, allowing for the identification of power failures and the implementation of appropriate and effective energy-saving measures. Book a Free Demo What is IoT Dashboard? shows at FineReport first.

IoT 52

IoT Dashboards Visualization Cost-Benefit 52

FineReport

MAY 18, 2024

Box and Whisker Plots Boxplots and whisker plots offer a visual summary of the distribution of numerical data by displaying key statistical measures such as median, quartiles, and outliers. Maintain Consistency : Establish standardized procedures for data collection, storage, and analysis to maintain consistency across visualizations.

Visualization 52

Visualization Interactive Cost-Benefit Dashboards 52

FineReport

JUNE 26, 2023

Status Reports These reports provide the current state of a project at a specific moment, detailing its alignment with the performance measurement baseline. Earned Value Reports Using earned value management techniques, these reports integrate project performance measures related to scope, schedule, and cost.

Reporting 52

Reporting Key Performance Indicator Sales Visualization 52

Alation

FEBRUARY 13, 2020

In his book titled “The Fourth Industrial Revolution,” Klaus Schwab describes the age as, “characterized by a much more ubiquitous and mobile internet, by smaller and more powerful sensors that have become cheaper, and by artificial intelligence and machine learning.” Each of your organizations has something impossible to accomplish.

Machine Learning 52

Machine Learning Data-driven Big Data Technology 52

Alation

FEBRUARY 17, 2023

In this blog, I’ll address some of the questions we did not have time to answer live, pulling from both Dr. Reichental’s book as well as my own experience as a data governance leader for 30+ years. Can you have proper data management without establishing a formal data governance program? We would disagree!

Data Governance 52

Data Governance Data Quality Metadata Cost-Benefit 52

Alation

NOVEMBER 11, 2021

Let’s take a look at some of the key principles for governing your data in the cloud: What is Cloud Data Governance? Cloud data governance is a set of policies, rules, and processes that streamline data collection, storage, and use within the cloud. This framework maintains compliance and democratizes data.

Data Governance 52

Data Governance Data Quality Metrics Metadata 52

Depict Data Studio

APRIL 16, 2019

I worked on a longitudinal study about adolescent development (scheduling participants to come in for data collection interviews, entering data, transcribing interviews, and playing on SAS). Okay, this one deserves its own blog post or book because there are so many ways to improve your visualization’s accessibility.

Visualization 56

Visualization Reporting Statistics Dashboards 56

FineReport

MAY 31, 2023

Return on assets measures the net profit generated per unit of asset, while return on equity (ROE) signifies the return on shareholders’ equity, indicating the efficiency of the company’s own capital. Data Security : Financial data is highly sensitive and requires robust security measures.

Dashboards 52

Dashboards Key Performance Indicator Metrics Visualization 52

Andrew White

JANUARY 9, 2022

First, how we measure emissions and carbon footprint is about data design and policy. In other words, D&A plays a key role in the foundational measuring angle. Have a look at this and see if this helps: Data, Analytics and AI Form the Foundation of Data-Driven Decision Making. . – I hope we can help.

Analytics 64

Analytics Measurement Data-driven Modeling 64

The Unofficial Google Data Science Blog

APRIL 17, 2017

Our rationale was in accord with the views expressed in the online forecasting book by Hyndman and Athana­sopou­los [1], who after mentioning the potential utility of an "explanatory model" write: However, there are several reasons a forecaster might select a time series model rather than an explanatory model.

Forecasting 83

Forecasting Modeling Statistics Uncertainty 83

Domino Data Lab

OCTOBER 23, 2019

As Domino is committed to supporting data scientists and accelerating research, we reached out to Addison-Wesley Professional (AWP) Pearson for the appropriate permissions to excerpt “Predicting Social-Media Influence in the NBA” from the book, Pragmatic AI: An Introduction to Cloud-Based Machine Learning by Noah Gift.

Statistics 59

Statistics Machine Learning Testing Modeling 59

O'Reilly on Data

JULY 28, 2020

There’s a substantial literature about ethics, data, and AI, so rather than repeat that discussion, we’ll leave you with a few resources. Ethics and Data Science is a short book that helps developers think through data problems, and includes a checklist that team members should revisit throughout the process.

Marketing 364

Marketing Experimentation Metrics Testing 364

Occam's Razor

APRIL 21, 2014

I am having issues prioritizing 1) recommending fixing on site issues affecting real traffic levels versus 2) correcting significant configuration issues in Analytics measuring current site traffic. Even the worst analytics configuration in the world will most likely allow you to measure cart and checkout abandonment rate.

Marketing Analytics 132

Marketing Analytics Marketing Analytics Metrics 132

O'Reilly on Data

OCTOBER 22, 2020

The safest course of action is also the slowest and most expensive: obtain your training data as part of a collection strategy that includes efforts to obtain the correct representative sample under an explicit license for use as training data. How I use it: I like to ask this as early as possible. Source: Chris.

Consulting 363

Consulting Risk Cost-Benefit Modeling 363

Domino Data Lab

MAY 8, 2019

The lens of reductionism and an overemphasis on engineering becomes an Achilles heel for data science work. Instead, consider a “full stack” tracing from the point of data collection all the way out through inference. measure the subjects’ ability to trust the models’ results. training data”) show the tangible outcomes.

Machine Learning 105

Machine Learning Data Science Modeling Visualization 105

Occam's Razor

OCTOBER 19, 2010

As defined in my second book Web Analytics 2.0 the analysis of qualitative and quantitative data from your website and the competition, 2. For more on why I recommend this specific order please see my second book, Web Analytics 2.0 , which many of you already have. You'll measure Task Completion Rate in 4Q (below).

Analytics 136

Analytics Testing Measurement Optimization 136

Occam's Razor

SEPTEMBER 15, 2014

But why blame others, in this post let's focus on one important reason whose responsibility can be squarely put on your shoulders and mine: Measurement. Create a distinct mobile website and mobile app measurement strategies. look at that person, give them a hug, then mark them in your book as enemy using red ink.

Metrics 143

Metrics Reporting Analytics Marketing 143

Occam's Razor

DECEMBER 12, 2016

You got me, I am ignoring all the data layer and custom stuff! But, at the end of the day presence of a Tag Manager communicates to me that the company is serious about data collection and data quality. Digital Marketing & Measurement Model. All that is great. That's it. Problematic, right? Management.

Analytics 142

Analytics Data-driven Strategy Consulting 142

Occam's Razor

OCTOBER 15, 2012

Please visit the about page to learn more about the data collection methodology, sample sizes, and the Enumeration study to ensure results are representative, and to download the detailed questionnaires used for each study. Let's analyze the multichannel research and purchase behavior of book buyers in the US.

Advertising 137

Advertising Marketing Strategy Insurance 137

Occam's Razor

MARCH 23, 2010

Too many new things are happening too fast and those of us charged with measuring it have to change the wheels while the bicycle is moving at 30 miles per hour (and this bicycle will become a car before we know it – all while it keeps moving, ever faster). . ~ our measurement strategies 2. success measures.

Analytics 119

Analytics Consulting Metrics Experimentation 119