Infomation Measures for CIO and CDO

2 Page summary how CIO and CDO should determine data initative across enterprise. Information measurements should have following dimensions - Data Quality, Data relevancy, Realized value, Cost, Competitive value, Benefits from data. Using these CIO and CO can determine where they need to run data qality initiatives and where they need to run Digital Transformaton initivates.

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Comments -Economics of Data

Data centric AI approach focus on data rather than model

Data product focus on building lifecycle of data, so that multiple stakeholders can use it

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Economis of Data

Data Quality

Cost of collecting data

Data Relevancy

comepttive value of data

Realized value of data

Realized benefits

Prereq for A/B testing

Please ensure wole team has reasonably good understanding of these topics

Randomization

Sample

Population

Control and treatment

P-values

Confidence interval

Statistical significance

Practical significance