CIO Business Intelligence

MARCH 14, 2022

In How to Measure Anything , Douglas Hubbard offers an alternative definition of “measurement” to the Oxford English Dictionary’s “the size, length, or amount of something.” Hubbard defines measurement as: “A quantitatively expressed reduction of uncertainty based on one or more observations.”.

Uncertainty 105

Uncertainty Measurement Cost-Benefit Optimization 105

O'Reilly on Data

DECEMBER 9, 2019

Because of this trifecta of errors, we need dynamic models that quantify the uncertainty inherent in our financial estimates and predictions. Practitioners in all social sciences, especially financial economics, use confidence intervals to quantify the uncertainty in their estimates and predictions.

Statistics 27

Statistics Uncertainty Risk Marketing 27

O'Reilly on Data

JULY 20, 2021

It comes down to a key question: is the risk associated with an action greater than the trust we have that the person performing the action is who they say they are? When we consider the risk associated with an action, we need to understand its privacy implications. There is a tradeoff between the trust and risk. Source: [link].

Risk 306

Risk Software Interactive Modeling 306

DataRobot

AUGUST 5, 2021

After Banjo CEO Damien Patton was exposed as a member of the Ku Klux Klan, including involvement in an anti-Semitic drive-by shooting, the state put the contract on hold and called in the state auditor to check for algorithmic bias and privacy risks in the software. The good news was the software posed less risk to privacy than suspected.

Uncertainty 98

Uncertainty Sales Risk Statistics 98

Cloudera

DECEMBER 3, 2021

Surely there are ways to comb through the data to minimise the risks from spiralling out of control. This involves identifying, quantifying and being able to measure ethical considerations while balancing these with performance objectives. Systems should be designed with bias, causality and uncertainty in mind. System Design.

Uncertainty 107

Uncertainty Measurement Metrics Risk 107

CIO Business Intelligence

DECEMBER 5, 2024

When they say they don’t know what their KPIs are, what they’re really saying is, ‘When we determine the proof of concept, we didn’t have a measure of success,’” he adds. It “highlights a lack of clarity and measurement in evaluating AI project success,” he says.

Metrics 124

Metrics Uncertainty Consulting KPI 124

Jedox

APRIL 21, 2020

In the face of unprecedented uncertainty, the question is how to quickly evaluate risk, opportunities and competitively allocate capital. To understand the marginal impact of changes you need an analytical framework that measures shifts from baseline scenarios. In the face of uncertainty, investor relations are paramount.

Uncertainty 52

Uncertainty Modeling Management Finance 52

CIO Business Intelligence

NOVEMBER 5, 2024

Dealing with uncertain economic environments, which can distract from sustainability issues: Energy prices, price inflation, and geopolitical tensions continue to fluctuate, and that uncertainty can impact focus on environmental sustainability. So far, however, companies seem to be staying the course.

Uncertainty 98

Uncertainty Measurement ROI Reporting 98

CIO Business Intelligence

AUGUST 1, 2024

The measures take effect in stages: Affected companies have to follow the first rules in just six months. The implementation must not become a stalemate for companies: Long legal uncertainty , unclear responsibilities and complex bureaucratic processes in the implementation of the AI Act would hinder European AI innovation.

Risk 119

Risk Uncertainty Testing Digital Transformation 119

CIO Business Intelligence

MAY 9, 2023

Like most CIOs you’ve no doubt leaned on ROI, TCO and KPIs to measure the business value of your IT investments. Those Three Big Acronyms are still important for fine-tuning your IT operations, but success today is increasingly measured in business outcomes. Maybe you’ve even surpassed expectations in each of these yardsticks.

ROI 126

ROI Cost-Benefit KPI Uncertainty 126

CIO Business Intelligence

JUNE 23, 2023

It helps reduce risk, increase efficiency, optimize resources, and improve both the customer and employee experience. When asked what keeps them up at night, IT leaders noted the need to improve overall IT performance (60%), followed by data security (50%), process risk and compliance (46%), and the need to improve agility (41%).

IT 98

IT Risk Management Risk Optimization 98

Insight

FEBRUARY 19, 2020

Using variability in machine learning predictions as a proxy for risk can help studio executives and producers decide whether or not to green light a film project Photo by Kyle Smith on Unsplash Originally posted on Toward Data Science. and even set their risk tolerance. In 2019, Netflix alone released 371 new TV shows and movies.

Risk 67

Risk ROI Modeling Metrics 67

CIO Business Intelligence

JUNE 8, 2022

Digital disruption, global pandemic, geopolitical crises, economic uncertainty — volatility has thrown into question time-honored beliefs about how best to lead IT. If people need to go through multiple layers of approvals, they run the risk of building a very inefficient system. Tumultuous times redefine what constitutes success.

IT 133

IT Cost-Benefit Uncertainty Digital Transformation 133

DataKitchen

SEPTEMBER 21, 2023

The uncertainty of not knowing where data issues will crop up next and the tiresome game of ‘who’s to blame’ when pinpointing the failure. After navigating the complexity of multiple systems and stages to bring data to its end-use case, the final product’s value becomes the ultimate yardstick for measuring success.

Testing 182

Testing Data Quality Predictive Modeling Metrics 182

CIO Business Intelligence

JUNE 24, 2024

Yet throughout the evening, the common denominator was the need to reduce uncertainty and manage risk. At a recent supper roundtable in London, convened by the endpoint and IT management vendor NinjaOne , attendees discussed some of the industry’s most complex issues. Here are five main takeaways from the event.

IT 98

IT Uncertainty Manufacturing Data Processing 98

IBM Big Data Hub

MARCH 25, 2024

Get the study: The Revolutionary Content Supply Chain A content supply chain brings together people, processes, and technology to effectively plan, create, produce, launch, measure, and manage content. Modernizing a workflow to introduce a content supply chain means disruption and uncertainty.

Uncertainty 97

Uncertainty Cost-Benefit Risk Measurement 97

CIO Business Intelligence

JULY 10, 2024

“Getting the right people with diverse skill sets and capabilities is critical, and then it’s about finding the right roles for those people and giving them clarity on the vision, strategy, and measures of success,” she says. But as a technologist, you understand more the risks and controls you need to put in place.

Strategy 118

Strategy Cost-Benefit Uncertainty Technology 118

CIO Business Intelligence

JULY 23, 2023

EY recently found that in current economic and financial uncertainty, 94% of tech executives plan to increase their IT investment over the next year. Optimization also rose to the top of IT leaders’ lists: 67% measure success within their IT organization by better optimizing resources.

Optimization 95

Optimization IT Digital Transformation Uncertainty 95

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

This classification is based on the purpose, horizon, update frequency and uncertainty of the forecast. A single model may also not shed light on the uncertainty range we actually face. These characteristics of the problem drive the forecasting approaches.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

Jedox

SEPTEMBER 3, 2020

The new normal introduced new risks from employee health and safety, supply chain stress and government mandates – all with working capital implications. The unprecedented uncertainty forced companies to make critical decisions within compressed time frames. This placed an acute spotlight on planning agility. Conclusion.

Uncertainty 81

Uncertainty Forecasting Digital Transformation Risk 81

CIO Business Intelligence

DECEMBER 18, 2023

Other fears cover compliance with emerging AI regulations and the risk of models becoming contaminated or biased through adversarial attacks. As some executives suggested, it would benefit the enterprise more to monitor the AI traffic at an aggregate (not employee-specific) level to understand the risks of public LLM usage.

Enterprise 119

Enterprise Management Risk Uncertainty 119

BizAcuity

MARCH 18, 2019

The consumer lending business is centered on the notion of managing the risk of borrower default. Credit scoring systems and predictive analytics model attempt to quantify uncertainty and provide guidance for identifying, measuring and monitoring risk. Benefits of Predictive Analytics in Unsecured Consumer Loan Industry.

Predictive Analytics 83

Predictive Analytics Analytics Data mining Cost-Benefit 83

CIO Business Intelligence

SEPTEMBER 20, 2023

They are afraid of failure and the uncertainty of knowledge work, and so that’s stressful. Agile is an amazing risk management tool for managing uncertainty, but that’s not always obvious.” The key is recognizing that planning must be an agile discipline, not a standalone activity performed independently of agile teams.

Digital Transformation 135

Digital Transformation Uncertainty Metrics Business Objectives 135

Smart Data Collective

APRIL 30, 2020

At this stage there is an insufficient amount of data concerning the health risks, so we must all take the same precautions for our own safety and for the safety of others around us. We are also required to follow the same restrictive measures that attempt to contain or mitigate the spread of the virus. Standardise security processes.

Measurement 81

Measurement Uncertainty Risk Testing 81

IBM Big Data Hub

JUNE 12, 2023

As public cloud technology and hybrid multicloud architectures are being adopted in financial institutions at an increasing rate, we’re observing that their counterparts in the public sector— central banks—are a long way behind, due at least in part to a profoundly risk-averse approach.

Strategy 85

Strategy Cost-Benefit Digital Transformation Uncertainty 85

Cloudera

DECEMBER 11, 2020

Insurance and finance are two industries that rely on measuring risk with historical data models. To facilitate risk modeling in this new normal, agility and flexibility is required. Data Variety. This will only become more important as we move into 2021 and a post-pandemic new normal.

Insurance 100

Insurance Digital Transformation Unstructured Data Machine Learning 100

Sisense

MARCH 26, 2020

To effectively identify what measures need to be taken, analytics can help to summarize and predict how companies should evolve to survive in a challenging environment. Now is the time to apply the full force of business intelligence used by analytics teams to help navigate growing uncertainty. While companies such as Adobe Inc.,

Management 91

Management Cost-Benefit Uncertainty Digital Transformation 91

Jet Global

JUNE 23, 2020

As companies grapple with economic shutdowns, plummeting revenues, market instability, and economic uncertainty now and into the foreseeable future, they need financial insights more than ever before. It’s exactly the kind of capability companies need to move forward with any measure of clarity and confidence.

Reporting 98

Reporting Uncertainty Metrics Measurement 98

CIO Business Intelligence

OCTOBER 18, 2023

If anything, 2023 has proved to be a year of reckoning for businesses, and IT leaders in particular, as they attempt to come to grips with the disruptive potential of this technology — just as debates over the best path forward for AI have accelerated and regulatory uncertainty has cast a longer shadow over its outlook in the wake of these events.

Risk 141

Risk Manufacturing Enterprise Technology 141

bridgei2i

JULY 8, 2020

They discuss the impact of the pandemic on enterprises and the need to adopt parallel windows – a short term window to get an enterprise’s operational system up and running as effectively as possible, and a medium-term outlook to mitigate the supply chain shocks and risks. Tune in, and don’t forget to subscribe!

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

IBM Big Data Hub

FEBRUARY 20, 2024

These proactive measures are made possible by evolving technologies designed to help people adapt to the effects of climate change today. The model could potentially be used to identify conditions that raise the risks of wildfires and predict hurricanes and droughts. But what will the impacts of climate change be in the future?

Modeling 113

Modeling Forecasting Reporting Risk 113

DataRobot

JULY 16, 2021

Accuracy — this refers to a subset of model performance indicators that measure a model’s aggregated errors in different ways. Recognizing and admitting uncertainty is a major step in establishing trust. How can identifying gaps or discrepancies in the training data help you build a more trustworthy model?

Machine Learning 98

Machine Learning Uncertainty Modeling Measurement 98

Jet Global

NOVEMBER 16, 2021

Faced with such monumental potential changes, tax and transfer pricing are now front and centre of MNEs’ operational risk registers. Investing in the right skills and tools that help reduce that risk is a matter for the senior leadership team, not just tax and TP professionals. The Current Picture. Download Now.

Advertising 97

Advertising Forecasting Uncertainty Risk 97

Jet Global

JULY 23, 2020

Fortunately, the level of uncertainty has fallen considerably, as many businesses are beginning to re-open, albeit with some restrictions and under capacity restrictions. F&A should be monitoring receivables closely, understanding which customers may be at risk, and taking an aggressive stance on collections.

Uncertainty 95

Uncertainty Finance Cost-Benefit Reporting 95

CIO Business Intelligence

OCTOBER 25, 2023

The recent breach is a stark reminder of the importance of robust security measures and continuous monitoring to safeguard identity provider systems and protect against these potential impacts. Deception changes the dynamics by injecting uncertainty into your environment.

Uncertainty 143

Uncertainty Measurement Data-driven Reporting 143

CIO Business Intelligence

NOVEMBER 12, 2024

Transformational CIOs recognize the importance of IT culture in delivering innovation, accelerating business impacts, and reducing operational and security risks. Measure the impact of software developers by how teams meet release commitments, promote design peer reviews, and demonstrate the impacts of experimentation.

IT 140

IT Digital Transformation Management Experimentation 140

IBM Big Data Hub

SEPTEMBER 11, 2023

Government executives face several uncertainties as they embark on their journeys of modernization. How to quantify the impact : Quantify, articulate and measure the expected long-term benefit of a capability to justify the investment. Through the analysis of collected data, potential opportunities for improvement are uncovered.

Data-driven 85

Data-driven IT Measurement Cost-Benefit 85