Rocket-Powered Data Science

JULY 7, 2019

Such approaches can enable more accurate and faster modeling and analysis of the characteristics and behaviors of a system and can exploit data in intelligent ways to convert them to new capabilities, including decision support systems with the accuracy of full scale modeling, efficient data collection, management, and data mining.

Internet of Things 157

Internet of Things Machine Learning Manufacturing IoT 157

CIO Business Intelligence

AUGUST 9, 2024

If after anonymization the level of information in the data is the same, the data is still useful. But once personal or sensitive references are removed, and the data is no longer effective, a problem arises. Synthetic data avoids these difficulties, but they’re not exempt from the need of a trade-off.

Risk 138

Risk Measurement Data Lake Data Collection 138

O'Reilly on Data

JUNE 18, 2019

There has been a significant increase in our ability to build complex AI models for predictions, classifications, and various analytics tasks, and there’s an abundance of (fairly easy-to-use) tools that allow data scientists and analysts to provision complex models within days. Alex Ratner on “Creating large training data sets quickly”.

Machine Learning 279

Machine Learning Data Quality Statistics Modeling 279

Occam's Razor

JULY 18, 2011

You just have to have the right mental model (see Seth Godin above) and you have to… wait for it… wait for it… measure everything you do! For everything you do it is important to measure your effectiveness of all three phases of your effort: Acquisition. You’re trying to measure how well you are doing to: Send emails.

Metrics 138

Metrics Marketing Measurement Cost-Benefit 138

DataRobot

AUGUST 25, 2021

Bias might also be a product not of the historical process itself but of data collection or sampling methods misrepresenting the ground truth. Ultimately, machine learning learns from data, but that data comes from us—our decisions and systems. How Do I Measure AI Bias? AI you can trust. Request a Demo.

Metrics 98

Metrics Measurement Machine Learning Data Collection 98

IBM Big Data Hub

AUGUST 3, 2023

Seven metrics that identify the relative success of your application health monitoring process Organizations need to have a comprehensive plan to ensure the health of their applications, but one key component of any application health monitoring process is data collection. Applications fail or underperform for many different reasons.

Measurement 63

Measurement Metrics Risk Software 63

Smart Data Collective

AUGUST 25, 2022

IoT refers to any connected physical device that can send or receive data over the internet, including smartphones, computers, speakers, security cameras, thermostats, door locks, vehicles—the list goes on and on. For businesses, these considerations include data privacy, security, and liability.

IoT 145

IoT Internet of Things IT Manufacturing 145

Occam's Razor

APRIL 19, 2010

The post will end with a Web Analytics Measurement Framework. Point of confusion: People, like me, often also use the term Desirable Outcomes to refer to business objectives. Full disclosure: Depending on the specificity of your business objectives my asking you for your "desirable outcomes" could refer to "what are your goals".

Metrics 140

Metrics Key Performance Indicator KPI Analytics 140

CIO Business Intelligence

OCTOBER 24, 2023

Understanding GenAI and security GenAI refers to the next evolution of AI technologies: ones that learn from massive amounts of data how to generate new code, text, and images from conversational interfaces. Data breaches and invasive data collection AI systems can be exploited to gain unauthorized access to private data.

Risk 126

Risk Recreation/Entertainment Data Collection Data Processing 126

datapine

JUNE 13, 2019

There are also different types of sales reports that will focus on different aspects: the sales performance in general, detailing the revenue generated, the sales volume evolution, measuring it against the sales target pre-set, the customer lifetime value, etc. 2) Number of opportunities created. 5) Number of outbound calls by rep.

Sales 264

Sales Reporting KPI B2B 264

Smart Data Collective

NOVEMBER 1, 2023

Study employee performance metrics Performance metrics are a measure of how well team members are doing at their work. Studying historical data can help your company measure an employee onboarding process’s effectiveness. They reflect your business’s performance.

Metrics 120

Metrics Measurement Data-driven Optimization 120

The Unofficial Google Data Science Blog

JULY 18, 2023

E ven after we account for disagreement, human ratings may not measure exactly what we want to measure. Overview Human-labeled data is ubiquitous in business and science, and platforms for obtaining data from people have become increasingly common. And for thousands of years, measurement was as simple as this.

Measurement 52

Measurement Metrics Uncertainty Slice and Dice 52

Smart Data Collective

OCTOBER 16, 2023

Examples include CCTV records, automated vacuum cleaners, weather station data, and other sensor-generated data. All in all, big data refers to massive data collections obtained from various sources. Big data can also be utilized to improve security measures.

Big Data 124

Big Data IoT Cost-Benefit Advertising 124

Smart Data Collective

MAY 29, 2023

Understanding Bias in AI Translation Bias in AI translation refers to the distortion or favoritism present in the output results of machine translation systems. This bias can emerge due to multiple factors, such as the training data, algorithmic design, and human influence. AI translation models must collect and annotate data fairly.

Metrics 96

Metrics Measurement Data Collection Strategy 96

DataKitchen

JUNE 21, 2024

Elevated Error Rates: An increase in the frequency and severity of data errors is a red flag that should not be ignored. Consumer-Detected Errors : When data consumers identify errors, it indicates a failure in internal quality control measures. Implement these quickly, but be sure to document them for future reference.

Data Quality 130

Data Quality Measurement Metrics Data Collection 130

DataKitchen

MARCH 16, 2023

How to measure your data analytics team? So it’s Monday, and you lead a data analytics team of perhaps 30 people. Like most leaders of data analytic teams, you have been doing very little to quantify your team’s success. The Active Data Ratio metric determines the percentage of datasets that deliver value.

Metrics 130

Metrics Data Analytics Analytics Measurement 130

Rocket-Powered Data Science

SEPTEMBER 18, 2018

For the modern digital organization, the proof of any inference (that drives decisions) should be in the data! Rich and diverse data collections enable more accurate and trustworthy conclusions. In “big data language”, we are talking about one of the 3 V’s of big data: big data Variety!

Big Data 103

Big Data Data Science Data Collection Measurement 103

Occam's Razor

APRIL 8, 2013

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. First, you figure out what you want to improve; then you create an experiment; then you run the experiment; then you measure the results and decide what to do.

Metrics 157

Metrics KPI Analytics Key Performance Indicator 157

Smart Data Collective

SEPTEMBER 6, 2020

Software as a Solution (SaaS) products are often referred to as cloud-based solutions. You access the application and data via the internet using any popular browser. Gathering data on users and processing payments requires attention to security and compliance. The ecosystem refers to the community and support available to you.

B2B 135

B2B Data Analytics Analytics Cost-Benefit 135

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

Data Science 101

JANUARY 15, 2020

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. For eg: you measure the blood pressure of a person. REFERENCES. McCabe & B.

Experimentation 96

Experimentation Statistics Measurement Testing 96

CIO Business Intelligence

MAY 29, 2024

For example, a traditional search engine would have a difficult time finding the correct material number for the query “2-inch steel pipe 5 feet” if the long description in the SAP material data is “5ft. other material descriptions including fractions, units of measure, units of sale, etc. DIA steel pipe”.

Sales 102

Sales Machine Learning Modeling Data Collection 102

Smart Data Collective

AUGUST 31, 2020

At Smart Data Collective, we have talked extensively about the benefits of big data in digital marketing. We have focused a lot on using data analytics for SEO. However, there are a lot of other benefits of using big data in marketing. You shouldn’t limit yourself to using data analytics in your SEO strategy.

Data-driven 105

Data-driven Marketing Big Data Broadcasting 105

CIO Business Intelligence

MARCH 24, 2023

The Business Application Research Center (BARC) warns that data governance is a highly complex, ongoing program, not a “big bang initiative,” and it runs the risk of participants losing trust and interest over time. The program must introduce and support standardization of enterprise data.

Data Governance 142

Data Governance Management Metadata Data Quality 142

Smart Data Collective

MARCH 23, 2022

For instance, it is the same case with Amazon when they recommend related products, so the term “ basket” refers to what shoppers use the most when shopping. When possessing this type of data , you can predict future consumer behavior based on past purchases and preferences.

Data mining 133

Data mining Marketing Data Collection Insurance 133

Jet Global

AUGUST 17, 2020

A finance department Key Performance Indicator (KPI) or metric is a clearly defined quantifiable measure used to evaluate a company’s financial performance. Working Capital – This key financial metric is used to measure the amount of money a company has available at their disposal, ready to be put to work.

Finance 98

Finance Metrics KPI Key Performance Indicator 98

O'Reilly on Data

JULY 20, 2021

Contextual informational norms refer to five independent parameters: data subject, sender, recipient, information type, and transmission principle. This measurement of trust and risk is benefited by understanding who could be in front of the device. Conceptions of privacy are based on ethical concerns that evolve over time.

Risk 335

Risk Software Interactive Modeling 335

Occam's Razor

OCTOBER 19, 2010

so you have some reference as to where each item fits (and this will also make it easier for you to pick tools for the priority order referenced in Context #3 above). Move from a data collection obsession and develop a crush on data analysys. You'll measure Task Completion Rate in 4Q (below). Three tools.

Analytics 136

Analytics Testing Measurement Optimization 136

CIO Business Intelligence

APRIL 28, 2024

Huawei’s outlook on power scenarios may not be from an insider’s point of view, but our fresh perspective can still provide valuable reference and input for power companies. Grid-based sources, like weather forecasts, can provide accurate weather data to enhance the prediction accuracy of wind, solar, and hydro power generation.

Interactive 95

Interactive Uncertainty Data Collection IoT 95

Smart Data Collective

MAY 4, 2023

UMass Global has a very insightful article on the growing relevance of big data in business. Big data has been discussed by business leaders since the 1990s. It refers to datasets too large for normal statistical methods. Furthermore, many websites have implemented anti-scraping measures to prevent bots from collecting data.

Data mining 109

Data mining Big Data Data-driven Measurement 109

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. Perhaps I can refer them to someone else in that case.).

Consulting 358

Consulting Risk Cost-Benefit Modeling 358

FineReport

APRIL 9, 2021

However, companies operation generates numerous and complicated data every day, beyond traditional manual reporting capacity. If the financial analysis will go to non-financial professionals, the financial analysis report only needs conclusive key indicators and data. This article provides four ideas for reference.

Reporting 98

Reporting Finance Dashboards Enterprise 98

IBM Big Data Hub

FEBRUARY 9, 2023

Technology and data architecture play a crucial role in enabling data governance and achieving these objectives. Focus and prioritize what you’re delivering to the business, determine what you need, deliver and measure results, refine, expand, and deliver against the next priority objectives. Don’t try to do everything at once!

Data Governance 76

Data Governance Business Objectives Data Quality Measurement 76

FineReport

FEBRUARY 5, 2020

Based on the study of the evaluation criteria of Gartner Magic Quadrant for analytics and Business Intelligence Platforms, I have summarized top 10 key features of BI tools for your reference. Overall, as users’ data sources become more extensive, their preferences for BI are changing. Interactive visual exploration. of BI pages.

Metadata 98

Metadata Dashboards Informatics Visualization 98

Cloudera

AUGUST 6, 2021

Like most labels, “data-driven” is not a binary, black and white measure of capability. In reality, organizations live on a continuum, varying in how sophisticated their data is and the extents to which it influences management decisions. . One esoteric term leads to another. .

Data-driven 105

Data-driven B2B Data Strategy Strategy 105

Jet Global

JUNE 24, 2020

An engineering Key Performance Indicator (KPI) or metric is a clearly defined quantifiable measure that an engineering firm uses to gauge its success over time. This engineering key performance metric measures how much the engineering team costs relative to the number of projects they support, or number of products sold.

Metrics 98

Metrics Reporting KPI Key Performance Indicator 98

CIO Business Intelligence

JULY 10, 2023

The choice for brands Regardless of what the regulators say, brands and retailers still need to take certain measures to ensure they can collect needed customer data in a safe and secure manner. Broadly speaking, those looking to gather customer data currently have two options.

Interactive 98

Interactive Data Collection Measurement Risk 98