IBM Big Data Hub

SEPTEMBER 11, 2023

Government executives face several uncertainties as they embark on their journeys of modernization. Each recommendation was grounded in the user research conducted and validated to render significant return on investment (ROI) to the business mission of AZDCS. frequency (how many occurrences?), time (how much time is lost?)

Data-driven 85

Data-driven IT Measurement Cost-Benefit 85

Andrew White

DECEMBER 16, 2019

As such an ROI would have been impossible. See Data and Analytics Strategies Need More-Concrete Metrics of Success. In summary therefore we could say that half of IT investments might be ROI based; the other half are justified using things like faith, hope, and charity. The article notes this as cognitive uncertainty.

Uncertainty 40

Uncertainty ROI Metrics Strategy 40

Domino Data Lab

JUNE 23, 2019

Ensure that product managers work on projects that matter to the business and/or are aligned to strategic company metrics. Another pattern that I’ve seen in good PMs is that they’re very metric-driven. And then you’ll do a lot of work to get it out and then there’ll be no ROI at the end.

Management 110

Management Machine Learning Experimentation Metrics 110

CIO Business Intelligence

JANUARY 4, 2023

Though composable infrastructure may remove the restrictions of traditional architectures, there’s debate [3] about whether it can scale and whether the ROI would be reached by increased flexibility and utilization. Yes, specific AI workflows require special hardware configurations.

Cost-Benefit 59

Cost-Benefit Machine Learning Uncertainty Modeling 59

CIO Business Intelligence

JULY 10, 2024

On top of this, Relex added instructions to its prompt to avoid answering any questions outside the company’s knowledge base, he says, and to express uncertainty when the question was at the limits of its knowledge or skills. It was often a long laundry list,” says Tyler Talaga, staff IT engineer at MyFitnessPal.

Enterprise 136

Enterprise Risk Modeling Risk Management 136

Insight

FEBRUARY 19, 2020

Building Models to Predict Movie Profitability Here I use profitability as the metric of success for a film and define profitability as the return on investment (ROI). The ROI is simply the fraction of the budget that the movie makes back at the box office (i.e., ROI = Profit/Budget). 158% (median ROI of 82%)!

Risk 67

Risk ROI Modeling Metrics 67

CIO Business Intelligence

DECEMBER 5, 2024

Many organizations have launched dozens of AI proof-of-concept projects only to see a huge percentage fail, in part because CIOs don’t know whether the POCs are meeting key metrics, according to research firm IDC. This uncertainty can lead to wasted resources and even more importantly, missed opportunities for improvement.”

Metrics 124

Metrics Uncertainty Consulting KPI 124

CIO Business Intelligence

DECEMBER 31, 2024

As AI technologies evolve, organizations can utilize frameworks to measure short-term ROI from AI initiatives against key performance indicators (KPIs) linked to business objectives, says Soumendra Mohanty, chief strategy officer at data science and AI solutions provider Tredence. You get what you measure, she says.

Management 139

Management Key Performance Indicator Business Objectives Digital Transformation 139

CIO Business Intelligence

JANUARY 23, 2025

While building from scratch is out of reach for most, consumption-based models allow CIOs to implement AI incrementally with more measurable ROI. That uncertainty creates a challenge for risk-averse companies that must work within budget constraints. Premium pricing for gen AI services is another CIO concern, IDC and CIOs note.

Strategy 126

Strategy Cost-Benefit ROI Risk 126

CIO Business Intelligence

FEBRUARY 25, 2025

Typically, election years bring fear, uncertainty, and doubt, causing a slowdown in hiring, Doyle says. CIOs are being viewed as business strategists who can navigate AIs impact, manage outsourced IT functions, and drive ROI and measurable business value, she says. Stories and metrics matter.

Uncertainty 126

Uncertainty Cost-Benefit Data-driven Marketing 126

O'Reilly on Data

APRIL 15, 2025

One client proudly showed me this evaluation dashboard: The kind of dashboard that foreshadows failure This is the tools trapthe belief that adopting the right tools or frameworks (in this case, generic metrics) will solve your AI problems. Second, too many metrics fragment your attention. When everything is important, nothing is.

Experimentation 317

Experimentation Testing Metrics Measurement 317