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The Lean Analytics Cycle: Metrics > Hypothesis > Experiment > Act

Occam's Razor

To win in business you need to follow this process: Metrics > Hypothesis > Experiment > Act. We are far too enamored with data collection and reporting the standard metrics we love because others love them because someone else said they were nice so many years ago. That metric is tied to a KPI. But it is not routine.

Metrics 157
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Meta-Learning For Better Machine Learning

Rocket-Powered Data Science

So, you start by assuming a value for k and making random assumptions about the cluster means, and then iterate until you find the optimal set of clusters, based upon some evaluation metric. There are several choices for such evaluation metrics: Dunn index, Davies-Bouldin index, C-index, and Silhouette analysis are just a few examples.

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Standard Metrics Revisited: #3: Bounce Rate

Occam's Razor

So what is this mysterious metric? In Adobe's Site Catalyst bounce rate is not a standard metric, but you are able to create a special custom metric. If you don't fall into those two categories you need to pay very careful attention to this metric. Is the content optimally organized? So how can you use it? #1:

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Amazon EMR on EC2 cost optimization: How a global financial services provider reduced costs by 30%

AWS Big Data

We outline cost-optimization strategies and operational best practices achieved through a strong collaboration with their DevOps teams. We also discuss a data-driven approach using a hackathon focused on cost optimization along with Apache Spark and Apache HBase configuration optimization. This sped up their need to optimize.

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Brand Measurement: Analytics & Metrics for Branding Campaigns

Occam's Razor

Remember: Engagement is not a metric, its an excuse. ]. The ideal metrics for this desired outcome are Visitor Loyalty & Visitor Recency. You can accomplish these goals: ~ Get an optimal understanding of what kind of people you ended up attracting to your website (look at primary purpose & distribution). Share of Search.

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Where CIOs should place their 2025 AI bets

CIO Business Intelligence

Lee described an AI travel agent driving increased bookings with an intuitive AI-powered product that 83% of users preferred over traditional search options, propelling daily profits above $1 million. In 2024, departments and teams experimented with gen AI tools tied to their workflows and operating metrics.

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Managing risk in machine learning

O'Reilly on Data

Below are the top search topics on our training platform: Beyond “search,” note that we’re seeing strong growth in consumption of content related to ML across all formats—books, posts, video, and training. There are also many important considerations that go beyond optimizing a statistical or quantitative metric.