CIO Business Intelligence

JULY 31, 2023

Annual or not, like running with the bulls in Pamplona, this exercise never fails to test your mettle and often leaves you staring frantically at the page and wondering: how do I tell this story? What major challenges and risks stand between the current state and the vision? How much will it cost? Not sure where to start?

Strategy 98

Strategy IT Cost-Benefit Finance 98

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. 46% of survey respondents in 2024 showed a preference for open source models.

Cost-Benefit 93

Cost-Benefit Modeling Manufacturing Interactive 93

CIO Business Intelligence

DECEMBER 11, 2023

The need to secure sensitive information is paramount for ethical AI deployment because AI’s heavy dependency on data increases the risk of breaches and unauthorized access, Wollersheim says. This team establishes the company’s risk tolerance, acceptable use cases and restrictions, and applicable disclosures.

Modeling 130

Modeling Risk Strategy Software 130

CIO Business Intelligence

DECEMBER 22, 2023

To tackle that, businesses are turning their budgets toward the cloud, with two out of every three IT decision-makers planning to increase cloud budgets in 2024, and nearly a third (31%) reporting that 31% of their IT budget is earmarked for cloud computing, according to the 2023 Cloud Computing Study from CIO.com parent company Foundry.

Consulting 125

Consulting Software Business Objectives Optimization 125

CIO Business Intelligence

MARCH 15, 2022

Synthetic data can also be a vital tool for enterprise AI efforts when available data doesn’t meet business needs or could create privacy issues if used to train machine learning models, test software, or the like. Synthetic data can also lower costs when collecting or buying real-world data is prohibitively expensive.

Strategy 145

Strategy Testing Sales Modeling 145

IBM Big Data Hub

MAY 13, 2024

Optimize costs across use cases : Different models have varying cost implications. By accessing a range of models, businesses can select the most cost-effective option for each application. Mitigate risks : Relying on a single model or a limited selection can be risky.

Modeling 74

Modeling Cost-Benefit Risk Testing 74

CIO Business Intelligence

MAY 13, 2024

“We know what we’re trying to achieve, because we know the business goals and objectives,” We want to grow substantially, and we want to do that with speed,” says Bilker, whose clarity on IT’s business objectives mirror the top directives CEOs are giving their CIOs, according to the 2024 State of the CIO Study from Foundry, publisher of CIO.com.

IT 129

IT Digital Transformation ROI Strategy 129

IBM Big Data Hub

FEBRUARY 26, 2024

With this expanded observability, incidents can be prevented in the design phase or identified in the implementation and testing phase to reduce maintenance costs and achieve higher productivity. Efficient cloud migrations McKinsey predicts that $8 out of every $10 for IT hosting will go toward the cloud by 2024.

Cost-Benefit 96

Cost-Benefit Metadata Data Governance Reporting 96

IBM Big Data Hub

APRIL 11, 2024

In An Overview of Catastrophic AI Risks , the authors identify several mitigations that can be addressed through governance and regulation (in addition to cybersecurity). They identify international coordination and safety regulation as critical to preventing risks related to an “AI race.”

Risk 76

Risk Consulting Modeling Data Processing 76

CIO Business Intelligence

MARCH 21, 2022

Way back in 1999, his team did a cost-benefit analysis of the free shipping model, which is arguably one of the key drivers of Amazon’s stupendous growth. They tested free shipping as a lever against a 10% discount on each order and found that the former generated twice as much business. billion a year. Out of that, $6.1

Data-driven 111

Data-driven IT Finance Forecasting 111

DataRobot Blog

MARCH 23, 2023

Difficulties faced when moving models into production include cost and a lack of automation – cited by over 55% of respondents to a recent IDC study. This is why businesses are increasingly investing in machine learning operations (MLOps): IDC predicts by 2024, 60% of enterprises will have operationalized their ML workflows by using MLOps.

Machine Learning 52

Machine Learning Cost-Benefit Modeling Testing 52

IBM Big Data Hub

JANUARY 30, 2024

Increasingly, enterprise organizations are adopting a multicloud approach—the use of cloud services from more than one cloud vendor—to optimize performance, control costs and prevent vendor lock-in. billion in 2024, up from $563.6 Uncontrolled costs: More clouds and cloud services translate into more cloud bills.

Strategy 96

Strategy Cost-Benefit Risk Optimization 96

CIO Business Intelligence

JANUARY 24, 2024

I will share what we have learned in the past year and my predictions for 2024. LLMs have the potential to change the game by explaining the reason with accuracy and confidence, which will fundamentally change threat detection and risk assessment. In 2024, we will understand that not every use case is the best fit for LLMs.

Modeling 138

Modeling Machine Learning Cost-Benefit Software 138

CIO Business Intelligence

FEBRUARY 12, 2024

As genAI caught fire in 2023, many organizations rushed to test and learn from the technology and harness it to grow productivity and improve processes. 4 Additionally, while 63% have guardrails in place to use AI safely, these organizations worry about its role in misinformation, ethical bias and job loss among other risks, Wavestone found.

IT 124

IT Consulting Cost-Benefit Uncertainty 124

IBM Big Data Hub

FEBRUARY 9, 2024

2024 thus stands to be a pivotal year for the future of AI, as researchers and enterprises seek to establish how this evolutionary leap in technology can be most practically integrated into our everyday lives. The most immediate benefit of multimodal AI is more intuitive, versatile AI applications and virtual assistants.

Cost-Benefit 100

Cost-Benefit Modeling Data-driven Enterprise 100

datapine

NOVEMBER 27, 2019

According to Gartner, poor data quality is estimated to cost organizations an average of $15 million per year in losses. We detailed the benefits and costs of good or bad quality data in our previous article on data quality management , where you can read the five important pillars to follow.

Business Intelligence 361

Business Intelligence Analytics Prescriptive Analytics Data Quality 361

Jet Global

MARCH 25, 2024

However, in order to thrive, they must also operate sustainably and mange costs. Without a strong financial monitoring system, a hospital cannot plan for the long term and risks having to make abrupt decisions at the expense of customer satisfaction. How to Choose the Most Impactful Hospital KPIs?

Reporting 52

Reporting KPI Key Performance Indicator Metrics 52