Smart Data Collective

DECEMBER 9, 2021

Businesses already have a wealth of data but understanding your business will help you identify a data need – what kind of data your business needs to collect and if it collects too much or too little of certain data. Collecting too much data would be overwhelming and too little – inefficient.

Big Data 142

Big Data Data-driven Key Performance Indicator Testing 142

datapine

SEPTEMBER 1, 2020

Your Chance: Want to test a market research reporting software? An effective modern means of extracting real value from your research results such as brand analysis, market research reports present and arrange data in a way that is digestible and logical in equal measures through professional online reporting software and tools.

Reporting 247

Reporting Marketing KPI Dashboards 247

datapine

MAY 2, 2023

The big data market is expected to exceed $68 billion in value by 2025 , a testament to its growing value and necessity across industries. According to studies, 92% of data leaders say their businesses saw measurable value from their data and analytics investments.

Big Data 275

Big Data Internet of Things Cost-Benefit Optimization 275

O'Reilly on Data

JANUARY 28, 2019

The problems with consent to data collection are much deeper. It comes from medicine and the social sciences, in which consenting to data collection and to being a research subject has a substantial history. We really don't know how that data is used, or might be used, or could be used in the future.

Insurance 242

Insurance Metadata Data Collection Marketing 242

O'Reilly on Data

MARCH 31, 2020

The model outputs produced by the same code will vary with changes to things like the size of the training data (number of labeled examples), network training parameters, and training run time. This has serious implications for software testing, versioning, deployment, and other core development processes.

Management 363

Management Machine Learning Experimentation Metrics 363

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. Sometimes, we escape the clutches of this sub optimal existence and do pick good metrics or engage in simple A/B testing. Testing out a new feature.

Metrics 157

Metrics KPI Analytics Key Performance Indicator 157

datapine

AUGUST 12, 2020

In the process, we will use an online data visualization software that lets us interact with, and drill deeper into bits and pieces of relevant data. Your Chance: Want to test professional business reporting software? Your Chance: Want to test professional business reporting software? Let’s get started.

Reporting 297

Reporting Dashboards Visualization Cost-Benefit 297

CIO Business Intelligence

AUGUST 9, 2024

The alternative to synthetic data is to manually anonymize and de-identify data sets, but this requires more time and effort and has a higher error rate. The European AI Act also talks about synthetic data, citing them as a possible measure to mitigate the risks associated with the use of personal data for training AI systems.

Risk 138

Risk Measurement Data Lake Data Collection 138

datapine

JUNE 13, 2019

So they taste test frequently throughout the whole process. 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.

Sales 264

Sales Reporting KPI B2B 264

CIO Business Intelligence

MARCH 19, 2025

Most data management conferences and forums focus on AI, governance and security, with little emphasis on ESG-related data strategies. If sustainability-related data projects fail to demonstrate a clear financial impact, they risk being deprioritized in favor of more immediate business concerns.

IT 59

IT Data Governance Data-driven Metrics 59

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 they will even inspire you to devise and test a few of your own.

Consulting 358

Consulting Risk Cost-Benefit Modeling 358

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

Occam's Razor

OCTOBER 19, 2010

If you can show ROI on a DW it would be a good use of your money to go with Omniture Discover, WebTrends Data Mart, Coremetrics Explore. If you have evolved to a stage that you need behavior targeting then get Omniture Test and Target or Sitespect. Move from a data collection obsession and develop a crush on data analysys.

Analytics 136

Analytics Testing Measurement Optimization 136

CIO Business Intelligence

JULY 5, 2022

Business analytics can help you improve operational efficiency, better understand your customers, project future outcomes, glean insights to aid in decision-making, measure performance, drive growth, discover hidden trends, generate leads, and scale your business in the right direction, according to digital skills training company Simplilearn.

Business Analytics 136

Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 136

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

Smart Data Collective

OCTOBER 8, 2023

Methodologies in Deploying Data Analytics The application of data analytics in fast food legal cases requires a thorough understanding of the methodologies involved. This involves data collection , data cleaning, data analysis, and data interpretation.

Data Analytics 125

Data Analytics Analytics Statistics Data Collection 125

Data Science 101

JANUARY 15, 2020

Researchers/ scientists perform experiments to validate their hypothesis/ statements or to test a new product. Bias ( syatematic unfairness in data collection ) can be a potential problem in experiments and we need to take it into account while designing experiments. For eg: you measure the blood pressure of a person.

Experimentation 96

Experimentation Statistics Measurement Testing 96

Occam's Razor

JANUARY 7, 2014

The organization functions off a clearly defined Digital Marketing & Measurement Model. #1. Remember none of these jobs will do any data collection/IT work, even in medium-sized companies.) More on the Digital Marketing & Measurement Model, DMMM, in #2 below.). Four Useless KPI Measurement Techniques. #9:

Data-driven 142

Data-driven Consulting Reporting Marketing 142

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

DataKitchen

JUNE 21, 2024

Architectural Limitations: Data and process architectures that are outdated, inadequate, or fail to scale with growing data volumes can become a significant bottleneck, leading to quality issues and inefficiencies. Elevated Error Rates: An increase in the frequency and severity of data errors is a red flag that should not be ignored.

Data Quality 133

Data Quality Measurement Metrics Data Collection 133

CIO Business Intelligence

SEPTEMBER 18, 2024

CIOs, as well as CTOs, should advocate for measuring how humane their AI-powered services are because, typically, we’re more prone to improving what we decided to measure, Jain adds. This means implementing stringent data protection measures and being transparent about data usage.”

Interactive 128

Interactive Cost-Benefit Measurement Testing 128

Occam's Razor

MARCH 4, 2008

They have kindly added one more question to the mix that will help measure customer satisfaction! Your data is yours, there is a very strict privacy policy that governs the storage and access of the data collected. Tools and features that, I humbly, believe further the cause of measurement and understanding of data.

Measurement 104

Measurement Metrics Consulting Analytics 104

CIO Business Intelligence

MARCH 30, 2022

For example, transactions that are unusually small might be a sign of fraud, with criminals testing out a card number or account to be sure that it works. This new approach has been tested over the past year and will be rolled out into production in the second quarter of this year, he says. They test a lot.”.

Machine Learning 144

Machine Learning Testing Risk Data Collection 144

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 19, 2010

The post will end with a Web Analytics Measurement Framework. Point of confusion: Many web analytics tools, like Google Analytics , have a feature that encourages you to measure Goals. It is possible that some Analytics Tool Goals directly measure your business objectives or goals. Web Analytics Measurement Framework.

Metrics 140

Metrics Key Performance Indicator KPI Analytics 140

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). . ~ Usually at least a test. And I doubt it is going to happen soon.

Analytics 119

Analytics Consulting Metrics Experimentation 119

Smart Data Collective

MAY 29, 2022

What is data analytics? One of the most buzzing terminologies of this decade has got to be “data analytics.” Companies generate unlimited data every day, and there is no end to the data collected over time. Companies need all of this data in a structured manner to improve their decision—making capabilities.

Data Analytics 145

Data Analytics Analytics Insurance Strategy 145

Smart Data Collective

FEBRUARY 24, 2022

The three biggest enemies to user onboarding are the lack of data analysis, data collection, and the wrong amount of information. Unfortunately, many businesses worldwide are not doing a good job collecting data and thus, fail to enhance customer relationships. Where do they live? How often do they go for a coffee?

Data Analytics 124

Data Analytics Analytics Visualization Optimization 124

Smart Data Collective

MARCH 28, 2022

Prescriptive data analytics: It is used to predict outcomes and necessary subsequent actions by combining the features of big data and AI. They can be again classified as random testing and optimization. This includes studying factors like test scores, teacher performances, and graduation rates.

Data Analytics 105

Data Analytics Software Analytics Statistics 105

The Unofficial Google Data Science Blog

OCTOBER 31, 2016

By PATRICK RILEY For a number of years, I led the data science team for Google Search logs. We were often asked to make sense of confusing results, measure new phenomena from logged behavior, validate analyses done by others, and interpret metrics of user behavior. Description : What’s the objective interpretation of this data?

Metrics 107

Metrics Measurement Statistics Data Collection 107

Smart Data Collective

JULY 9, 2023

Collecting Relevant Data for Conversion Rate Optimization Here is some vital data that e-commerce businesses need to collect to improve their conversion rates. Identifying Key Metrics for Conversion Rate Optimization Data collection and analysis are both essential processes for optimizing your conversion rate.

Optimization 97

Optimization Data Analytics Analytics Data-driven 97

CIO Business Intelligence

AUGUST 25, 2023

Hot Melt Optimization employs a proprietary data collection method using proprietary sensors on the assembly line, which, when combined with Microsoft’s predictive analytics and Azure cloud for manufacturing, enables P&G to produce perfect diapers by reducing loss due to damage during the manufacturing process.

Predictive Analytics 98

Predictive Analytics IoT Manufacturing Analytics 98

CIO Business Intelligence

JUNE 5, 2023

These measures will drive decarbonization across the value chain and give CIOs the opportunity to leverage their expertise and build resiliency throughout their organizations. This technology has attracted top clients for Climeworks, who are exploring its potential uses to deliver carbon removals at scale, with potential global impact.

Measurement 105

Measurement Software Visualization Business Objectives 105

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

CIO Business Intelligence

APRIL 28, 2024

communication reliability, which supports minute-level data collection and second-level control for low-voltage transparency. It was the solution of choice to achieve an observable, measurable, adjustable, controllable and traceable low-voltage side. HPLC can deliver 99.9%

Interactive 95

Interactive Uncertainty Data Collection IoT 95

Decision Management Solutions

FEBRUARY 8, 2021

in partnership with IBM and other organizations is in the process of conducting performance tests on the world’s first autonomous ship and is due to set sail for its first transatlantic voyage this spring. I think you’ll see the parallels with Decision Management as the story unfolds. Marine AI—based in Plymouth, U.K.—in

Machine Learning 93

Machine Learning Testing Deep Learning Optimization 93

Juice Analytics

MARCH 30, 2021

(3) Data Product Ecosystem To enable the flow of information and the creation and sharing of data products, you need standards, tools, and processes in place. A good example is what Apple did with the App Store in creating a platform and standards by which apps are created, tested, distributed, and reviewed.

Cost-Benefit 131

Cost-Benefit Statistics Dashboards Metrics 131