Occam's Razor

MARCH 25, 2014

In a world of infinite choice, the ability to pick critical few metrics to focus on is, well…, critical. In this post I want to share that one-page list of the best metrics for digital content, marketing and business success with you. Best Digital Metrics: Own Existences/Strategies. It would not surprise me.

Metrics 157

Metrics Marketing Strategy Key Performance Indicator 157

CIO Business Intelligence

NOVEMBER 27, 2024

Data quality for AI needs to cover bias detection, infringement prevention, skew detection in data for model features, and noise detection. Not all columns are equal, so you need to prioritize cleaning data features that matter to your model, and your business outcomes. asks Friedman.

Enterprise 141

Enterprise Data Quality Structured Data Modeling 141

CIO Business Intelligence

OCTOBER 13, 2022

One of the most important parameters for measuring the success of any technology implementation is the return on investment (ROI). Providing a compelling ROI on technology initiatives also puts CIOs in a stronger position for securing support and funds from the business for future projects. Deploy scalable technology.

ROI 132

ROI IT Sales Consulting 132

CIO Business Intelligence

JANUARY 21, 2025

But alongside its promise of significant rewards also comes significant costs and often unclear ROI. Ineffective cost management: Over 22% of IT executives highlight challenges in managing costs and developing clear ROI methodologies. million in 2026, covering infrastructure, models, applications, and services.

Cost-Benefit 98

Cost-Benefit ROI Measurement Strategy 98

CIO Business Intelligence

DECEMBER 18, 2024

Our history is rooted in a traditional distribution model of marketing, selling, and shipping vendor products to our resellers. What were the technical considerations moving from a distribution model to a platform? These high-level metrics tie to every leaders objectives. This is crucial in a value-driven development model.

Digital Transformation 116

Digital Transformation Metrics Measurement ROI 116

CIO Business Intelligence

NOVEMBER 13, 2024

One is going through the big areas where we have operational services and look at every process to be optimized using artificial intelligence and large language models. But a substantial 23% of respondents say the AI has underperformed expectations as models can prove to be unreliable and projects fail to scale.

IT 141

IT Consulting ROI Cost-Benefit 141

BA Learnings

MARCH 26, 2020

When identifying benefits particularly for the purpose of calculating Return on Investment (ROI), keep in mind that calculating ROI for a single project can be tricky as some process metrics or financial gains tend to be influenced by process changes, software implementation and other projects happening in parallel.

Key Performance Indicator 207

Key Performance Indicator Cost-Benefit ROI Measurement 207

DataKitchen

MARCH 16, 2023

But wait, she asks you for your team metrics. Where is your metrics report? What are the metrics that matter? Gartner attempted to list every metric under the sun in their recent report , “T oolkit: Delivery Metrics for DataOps, Self-Service Analytics, ModelOps, and MLOps, ” published February 7, 2023.

Metrics 130

Metrics Data Analytics Analytics Measurement 130

Occam's Razor

AUGUST 13, 2012

Yehoshua I've covered this topic in detail in this blog post: Multi-Channel Attribution: Definitions, Models and a Reality Check. I explain three different models (Online to Store, Across Multiple Devices, Across Digital Channels) and for each I've highlighted: 1. That means: All of these metrics are off.

Modeling 125

Modeling Metrics Data Quality Data-driven 125

Occam's Razor

SEPTEMBER 29, 2009

Remember: Engagement is not a metric, its an excuse. ]. The ideal metrics for this desired outcome are Visitor Loyalty & Visitor Recency. You can compute two important metrics: Likelihood to Recommend / Brand Lift. There are a number of wonderful metrics you can use to measure online success of such marketing campaigns.

Measurement 130

Measurement Metrics Analytics Marketing 130

CIO Business Intelligence

NOVEMBER 19, 2024

From obscurity to ubiquity, the rise of large language models (LLMs) is a testament to rapid technological advancement. Just a few short years ago, models like GPT-1 (2018) and GPT-2 (2019) barely registered a blip on anyone’s tech radar. We paused the activities and got to work modeling the costs.

Testing 135

Testing Cost-Benefit Interactive ROI 135

CIO Business Intelligence

MARCH 25, 2024

And they want to know exactly how much return on investment (ROI) can be expected when IT leaders make technology-related changes. Modern digital organisations tend to use an agile approach to delivery, with cross-functional teams, product-based operating models , and persistent funding. CFOs want certainty when it comes to spend.

Modeling 124

Modeling Cost-Benefit IT ROI 124

CIO Business Intelligence

MARCH 19, 2025

Developers, data architects and data engineers can initiate change at the grassroots level from integrating sustainability metrics into data models to ensuring ESG data integrity and fostering collaboration with sustainability teams. However, embedding ESG into an enterprise data strategy doesnt have to start as a C-suite directive.

IT 59

IT Data Governance Data-driven Metrics 59

DataKitchen

JUNE 24, 2021

One of the keys for our success was really focusing that effort on what our key business initiatives were and what sorts of metrics mattered most to our customers. Chapin also mentioned that measuring cycle time and benchmarking metrics upfront was absolutely critical. “It DataOps Maximizes Your ROI. Design for measurability.

Metrics 211

Metrics ROI Measurement Cost-Benefit 211

datapine

FEBRUARY 4, 2020

Structure your metrics. As with any report you might need to create, structuring and implementing metrics that will tell an interesting and educational data-story is crucial in our digital age. That way you can choose the best possible metrics for your case. Regularly monitor your data. 1) Marketing CMO report.

Reporting 280

Reporting Marketing Advertising Metrics 280

datapine

DECEMBER 11, 2019

SaaS is a software distribution model that offers a lot of agility and cost-effectiveness for companies, which is why it’s such a reliable option for numerous business models and industries. Flexible payment options: Businesses don’t have to go through the expense of purchasing software and hardware. 6) Micro-SaaS.

Software 314

Software Cost-Benefit Data-driven Data Processing 314

Decision Management Solutions

JULY 8, 2020

Generally, an organization identifies metrics or key performance indicators (KPIs) and each department receives the tools necessary to monitor their metrics. Analytic software may make it faster and cheaper to produce a report but this shows a limited ROI for everyone outside IT. Monitoring. What matters is decision-making.

Reporting 134

Reporting Analytics ROI Key Performance Indicator 134

Corinium

JUNE 6, 2019

Beyond that, we recommend setting up the appropriate data management and engineering framework including infrastructure, harmonization, governance, toolset strategy, automation, and operating model. What do you recommend to organizations to harness this but also show a solid ROI? How fast are the advances you’re seeing in AI now?

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

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. These three statements are data rich and full of financial metrics. The Fundamental Finance KPIs and Metrics – Cash Flow. What is a Financial KPI? Current Ratio. View Guide Now.

Metrics 98

Metrics Finance Reporting KPI 98

CIO Business Intelligence

SEPTEMBER 23, 2024

Thought leadership can generate tangible ROI In professional services and the technology industry, it’s well known that thought leadership can help brands command a higher premium in the market. Show how the organization is innovating products and services , and metrics like refresh rates that are less than three years old.

ROI 121

ROI Scorecard Metrics Cost-Benefit 121

Occam's Razor

FEBRUARY 25, 2013

But we've never stopped to consider this question: What is the return on investment (ROI) of digital analytics? Let's calculate the ROI of digital analytics. In part two, we are going to build on the formula and create a model (ok, spreadsheet :)) that you can use to compute ROA for your own company. So, what is ROI?

Analytics 143

Analytics ROI Marketing Modeling 143

Smart Data Collective

AUGUST 21, 2019

Companies will place a greater emphasis on quantitative decision-making models than ever before, since new big data technology has made it more reliable. Global Executives Create Highly Sophisticated Big Data Decision Making Models. Companies are capturing more quantitative data than ever to get greater value from their models.

Big Data 104

Big Data Modeling ROI Metrics 104

CIO Business Intelligence

AUGUST 15, 2024

Determining the ROI for “ubiquitous” gen AI uses, such as virtual assistants or intelligent chatbots , can be difficult, says Frances Karamouzis, an analyst in the Gartner AI, hyper-automation, and intelligent automation group. However, foundational models will always have a place as the core backbone for the industry.”

ROI 143

ROI Cost-Benefit Experimentation Deep Learning 143

datapine

JANUARY 31, 2022

For example, in regards to marketing, traditional advertising methods of spending large amounts of money on TV, radio, and print ads without measuring ROI aren’t working like they used to. Business Intelligence And Analytics Lead To ROI. Consumers have grown more and more immune to ads that aren’t targeted directly at them.

Business Intelligence 214

Business Intelligence Analytics Cost-Benefit ROI 214

CIO Business Intelligence

JANUARY 23, 2024

For example, McKinsey suggests five metrics for digital CEOs , including the financial return on digital investments, the percentage of leaders’ incentives linked to digital, and the percentage of the annual tech budget spent on bold digital initiatives. As a result, outcome-based metrics should be your guide.

Measurement 141

Measurement Digital Transformation KPI Metrics 141

datapine

NOVEMBER 13, 2019

It doesn’t matter how innovative your brand is or how groundbreaking your business model might be; if your business is ridden with glaring inefficiencies, your potential for growth is eventually going to get stunted. That way you can increase your ROI and ensure sustainable business development. Analyze your findings.

Reporting 158

Reporting KPI Cost-Benefit Metrics 158

IBM Big Data Hub

MAY 17, 2024

Cloud maturity models are a useful tool for addressing these concerns, grounding organizational cloud strategy and proceeding confidently in cloud adoption with a plan. Cloud maturity models (or CMMs) are frameworks for evaluating an organization’s cloud adoption readiness on both a macro and individual service level.

Modeling 96

Modeling Cost-Benefit Optimization Digital Transformation 96

DataRobot Blog

DECEMBER 15, 2022

Working from datasets you already have, a Time Series Forecasting model can help you better understand seasonality and cyclical behavior and make future-facing decisions, such as reducing inventory or staff planning. Calendars can also help you understand seasonality and incorporate it into the forecast model.

Forecasting 81

Forecasting Modeling ROI Machine Learning 81

CIO Business Intelligence

JULY 5, 2024

This is why many enterprises are seeing a lot of energy and excitement around use cases, yet are still struggling to realize ROI. So, to maximize the ROI of gen AI efforts and investments, it’s important to move from ad-hoc experimentation to a more purposeful strategy and systematic approach to implementation.

ROI 124

ROI Experimentation Risk Cost-Benefit 124

CIO Business Intelligence

JANUARY 7, 2025

This new paradigm of the operating model is the hallmark of successful organizational transformation. WALK: Establish a strong cloud technical framework and governance model After finalizing the cloud provider, how does a business start in the cloud? You would be surprised, but a lot of companies still just start without having a plan.

Optimization 98

Optimization Strategy Cost-Benefit Enterprise 98

CIO Business Intelligence

DECEMBER 11, 2024

The expectations for AI are high, with 40% of the survey respondents expecting a return of three times or greater ROI, and it is this expectation that is driving investment, with 43% of organisations planning investment increases of over 20% over the next twelve months. Unsurprisingly, lack of skills is cited as the biggest challenge.

ROI 59

ROI Experimentation Insurance Strategy 59

David Menninger's Analyst Perspectives

NOVEMBER 5, 2024

As bots were developed, deployed and improved, Verint took its initial argument about identifying specific, immediately helpful use cases and added the critical element of ROI. They share common elements, including enabling data and platform solutions, but they are now seen as having different goals expressed in different outcome metrics.

ROI 130

ROI Interactive Software Measurement 130

CIO Business Intelligence

NOVEMBER 20, 2023

Well-known metrics, such as deployment frequency, are useful when it comes to tracking teams but not individuals. The developer productivity metrics that matter most The reason we believe this is that we are working with 20 tech, finance, and pharmaceutical companies that are doing it. ROI and Metrics, Software Development

Measurement 126

Measurement Metrics Testing Software 126

datapine

JULY 26, 2022

Enter small business dashboards and metrics. What Are Small Business Metrics? Small business metrics are performance measurements that provide insights into the progress of different activities and company goals. To get you started on the topic, you can take a look at our post on KPIs vs metrics. Let’s look at some KPIs.

Dashboards 151

Dashboards KPI Metrics Sales 151

CIO Business Intelligence

MAY 1, 2024

Gen AI takes us from single-use models of machine learning (ML) to AI tools that promise to be a platform with uses in many areas, but you still need to validate they’re appropriate for the problems you want solved, and that your users know how to use gen AI effectively. Now nearly half of code suggestions are accepted.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

Rocket-Powered Data Science

JULY 21, 2023

Here are four specific metrics from the report, highlighting the potentially huge enterprise system benefits coming from implementing Splunk’s observability and monitoring products and services: Four times as many leaders who implement observability strategies resolve unplanned downtime in just minutes, not hours or days.

Machine Learning 190

Machine Learning Metrics Reporting Internet of Things 190

CIO Business Intelligence

MAY 9, 2022

While strong ROI is compelling, so is the fact that people issues are one of the top enterprise risks. Sharing progress toward achieving KPIs and metrics reinforces that commitment. Analyzing metrics and KPIs along the transformation journey helps guide decision-making towards the stated strategy. Establish a North Star.

Technology 97

Technology ROI Metrics Digital Transformation 97