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3 key digital transformation priorities for 2024

CIO Business Intelligence

After all, every department is pressured to drive efficiencies and is clamoring for automation, data capabilities, and improvements in employee experiences, some of which could be addressed with generative AI. As every CIO can attest, the aggregate demand for IT and data capabilities is straining their IT leadership teams.

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Generative AI will profoundly change healthcare operations

CIO Business Intelligence

AI-driven technology is not just a side project anymore. According to a recent analysis by EXL, a leading data analytics and digital solutions company, healthcare organizations that embrace generative AI will dramatically lower administration costs, significantly reduce provider abrasion, and improve member satisfaction.

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Real-time artificial intelligence and event processing  

IBM Big Data Hub

AI and event processing: a two-way street An event-driven architecture is essential for accelerating the speed of business. Non-symbolic AI can be useful for transforming unstructured data into organized, meaningful information. This helps to simplify data analysis and enable informed decision-making.

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Will generative AI make the digital twin promise real in the energy and utilities industry?

IBM Big Data Hub

It uses real-world data (both real time and historical) combined with engineering, simulation or machine learning (ML) models to enhance operations and support human decision-making. A digital twin is the digital representation of a physical asset. Asset performance management. Field services.

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Gen AI is a game-changer in bond investment risk assessment

CIO Business Intelligence

A, head of the data science practice at Hexaware. Verifying that bonds are ERISA-compliant has historically been a manual process involving a thorough review of documentation and legal history. Auditing a 401(k)-plan document manually can cost up to $7,500 and consume about 45 hours of a skilled professional’s time.

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Advancing AI: The emergence of a modern information lifecycle

CIO Business Intelligence

Although less complex than the “4 Vs” of big data (velocity, veracity, volume, and variety), orienting to the variety and volume of a challenging puzzle is similar to what CIOs face with information management. Operationalizing data to drive revenue CIOs report that their roles are rising in importance and impact. What’s changed?

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Generative AI will be the key to achieving patient-centric care

CIO Business Intelligence

You have to balance the potential benefits of generative AI with significant, important operational issues, such as ensuring patient data privacy and complying with regulatory requirements. Any and all activities that focus on improving patient data, processes and communications are prime for improvement.