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  5. What is the value of experimentation and measurement?
 
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What is the value of experimentation and measurement?
File(s)
Liu2020_Article_WhatIsTheValueOfExperimentatio.pdf (2.5 MB)
Published version
OA Location
https://rdcu.be/cgcDR
Author(s)
Liu, CH Bryan
Chamberlain, Benjamin Paul
McCoy, Emma J
Type
Journal Article
Abstract
Experimentation and Measurement (E&M) capabilities allow organizations to accurately assess the impact of new propositions and to experiment with many variants of existing products. However, until now, the question of measuring the measurer, or valuing the contribution of an E&M capability to organizational success has not been addressed. We tackle this problem by analyzing how, by decreasing estimation uncertainty, E&M platforms allow for better prioritization. We quantify this benefit in terms of expected relative improvement in the performance of all new propositions and provide guidance for how much an E&M capability is worth and when organizations should invest in one.
Date Issued
2020-06
Date Acceptance
2020-04-27
Citation
Data Science and Engineering, 2020, 5 (2), pp.152-167
URI
http://hdl.handle.net/10044/1/87313
URL
https://link.springer.com/article/10.1007%2Fs41019-020-00121-5
DOI
https://www.dx.doi.org/10.1007/s41019-020-00121-5
ISSN
2364-1185
Publisher
Springer Science and Business Media LLC
Start Page
152
End Page
167
Journal / Book Title
Data Science and Engineering
Volume
5
Issue
2
Copyright Statement
© The Author(s) 2020. This article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/.
License URL
http://creativecommons.org/licenses/by/4.0/
Identifier
https://link.springer.com/article/10.1007%2Fs41019-020-00121-5
Publication Status
Published
Date Publish Online
2020-05-23
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