The importance of benchmarking financial and stock performance and processes against peers' and those of companies regarded as "best in class" is hardly a revelation.
Academic literature has demonstrated the importance of benchmarking in the pay process (e.g., see Faulkender and Yang's, "Inside the Black Box: The Role and Composition of Compensation Peer Groups". Working Paper).
The importance of benchmarking experimentally-based probability distributions of mechanical properties through micro-scale modelling is illustrated, and the confidence that can be placed on reliability estimates is quantified through a series of numerical examples.
This is not unique to the Obama administration [and] as much as I understand the importance of setting benchmarks and having tests to assess whether students are learning, we have gone way overboard on testing.
In recent weeks Ambassador Ryan C. Crocker has sought to play down the importance of completing benchmark legislation by September and has asked Congress instead to keep its eye on overall trends by Iraqi political leaders in their efforts to reach agreements.
The module begins by discussing how managers use goals to communicate business strategy, the importance of targets and benchmarks for motivation, and the multiple purposes for which goals are used, including planning, coordination, motivation, and evaluation.
Our results not only stress the importance of using new benchmarks for evaluating child robot interaction but also highlight the significance of cultural differences for the design of social robots.
Hence, as system researchers, we attempt to teach/showcase the importance of avoiding common benchmarking pitfalls of ML models on different frameworks, computing hardware, the supporting software stacks, and the end-to-end benchmarking pipeline on different datasets.
"The importance of providing a benchmark is that it establishes a precedent for how this compensation should be set," says Lee. "Malpractice lawsuits in this country are rampant, and a lot of times there is no consistency in how a court awards the plaintiff".
Measures serve a number of uses, including validating the importance of an approach, benchmarking progress, and providing metrics for accreditation or recognition of success.
