CIO Business Intelligence

MAY 14, 2024

Like many public health agencies across the US, the King County Medical Examiner’s Office tracks drug overdose deaths to target interventions for populations at risk and save lives. Seattle, the county seat, reported nearly 600 drug overdose deaths in 2022, an increase of 72% from the previous year.

Deep Learning 73

Deep Learning Machine Learning Reporting Experimentation 73

CIO Business Intelligence

AUGUST 2, 2023

The survey found tension between business leaders seeking competitive advantage, and IT leaders wanting to limit risks. Interestingly, non-IT leaders were more likely to report actively using generative AI (73%) than IT leaders (59%), suggesting there’s plenty of experimentation going on beyond the purview of the IT department.

Enterprise 87

Enterprise Experimentation Manufacturing Risk 87

CIO Business Intelligence

NOVEMBER 21, 2023

Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT.

IT 125

IT Risk Cost-Benefit Risk Management 125

CIO Business Intelligence

MAY 1, 2024

Pilots can offer value beyond just experimentation, of course. McKinsey reports that industrial design teams using LLM-powered summaries of user research and AI-generated images for ideation and experimentation sometimes see a reduction upward of 70% in product development cycle times. What are you measuring?

Cost-Benefit 135

Cost-Benefit Metrics Insurance Measurement 135

Smarten

MAY 17, 2023

Whether you are looking at ChatGPT or Open AI and wondering how it might be applied to your business environment, it is important to understand the current state of this technology, the inherent risks and the possible opportunities. “So, proceed, but don’t over pivot.” “So, proceed, but don’t over pivot.”

Digital Transformation 52

Digital Transformation Experimentation Risk Testing 52

CIO Business Intelligence

MARCH 7, 2023

Tech companies have laid off over 250 thousand employees since 2022, and 93% of CEOs report preparing for a US recession over the next 12 to 18 months. Then, often reporting to risk, compliance, or security organizations, are separate data governance teams focused on data security, privacy, and quality.

Digital Transformation 141

Digital Transformation Data Governance Experimentation Machine Learning 141

CIO Business Intelligence

MARCH 5, 2024

Many other platforms, such as Coveo’s Relative Generative Answering , Quickbase AI , and LaunchDarkly’s Product Experimentation , have embedded virtual assistant capabilities but don’t brand them copilots. While that’s a limitation, there are reports of promised functionality not yet available.

Cost-Benefit 107

Cost-Benefit Advertising Experimentation Software 107

CIO Business Intelligence

JULY 28, 2023

In fact, according to Samsara’s State of Connected Operations Report , connected operations leaders who reported the highest level of digital maturity were 6x more likely to exceed their financial goals by 25% or more. Fostering a culture of innovation in IT requires you to accept some level of risk. If not, move on to the next!

IT 94

IT Experimentation Digital Transformation Marketing 94

O'Reilly on Data

APRIL 4, 2024

The risk of these deals is, again, that a few centrally chosen winners will quickly emerge, meaning there’s a shorter and less robust period of experimentation. The investors who pile billions of dollars into a huge bet are expecting not just to be paid back, but paid back a hundredfold. This has led to lawsuits and settlements.

Marketing 152

Marketing Modeling Finance Experimentation 152

Cloudera

OCTOBER 4, 2023

In financial services, fast-moving data is critical for real-time risk and threat assessments. This also achieves workload isolation, so we can run mission critical workloads independent from experimental and exploratory ones and nobody steps on anyone’s toes by accident.

Data Warehouse 87

Data Warehouse Experimentation Cost-Benefit Dashboards 87

Cloudera

OCTOBER 18, 2023

In the ever-evolving landscape of the financial services Industry, change is a constant and transformation is a requirement — to stay at pace with new regulations, risk mitigation, and the technological developments that support transformation.

Cost-Benefit 78

Cost-Benefit Testing Machine Learning Optimization 78

CIO Business Intelligence

NOVEMBER 7, 2022

A recent IDC report on AI projects in India [1] reported that 30-49% of AI projects failed for about one-third of organizations, and another study from Deloitte casts 50% of respondents’ organizational performance in AI as starters or underachievers. Are they involved in pilots and providing feedback?

Machine Learning 127

Machine Learning Data Science Experimentation IoT 127

DataRobot Blog

NOVEMBER 15, 2022

At the event, a financial services panel discussion shared why iteration and experimentation are critical in an AI-driven data science environment. This allows GCash to maintain the pace of innovation and iteration without exposing the business to significant risk. Closing the Value Gap: Reducing AI Cycle Time. Request a demo.

Big Data 52

Big Data Experimentation Data-driven Machine Learning 52

O'Reilly on Data

APRIL 19, 2021

The percentage of respondents reporting “mature” practices has been roughly the same for the last few years. This is almost exactly in line with the results from 2020, where 25% of the respondents reported that they had products in production (“Mature” wasn’t a possible response in the 2020 survey.). Bottlenecks to AI adoption.

Enterprise 353

Enterprise Modeling Risk Manufacturing 353

IBM Big Data Hub

DECEMBER 15, 2023

When AI algorithms, pre-trained models, and data sets are available for public use and experimentation, creative AI applications emerge as a community of volunteer enthusiasts builds upon existing work and accelerates the development of practical AI solutions. Morgan’s Athena uses Python-based open-source AI to innovate risk management.

Deep Learning 66

Deep Learning Experimentation Machine Learning Risk 66

Decision Management Solutions

MARCH 26, 2020

Those trying to improve and optimize their decisions report various challenges. Some approaches have never been tried on certain segments – higher risk customers might never have been targeted with price reductions, say. Experimentation at the beginning of your journey is essential to make sure you understand where you are starting.

Experimentation 72

Experimentation Recreation/Entertainment Optimization Testing 72

IBM Big Data Hub

MAY 9, 2023

It is well known that Artificial Intelligence (AI) has progressed, moving past the era of experimentation to become business critical for many organizations. Challenges around managing risk and reputation Customers, employees and shareholders expect organizations to use AI responsibly, and government entities are starting to demand it.

Metadata 72

Metadata Risk Experimentation Dashboards 72

Jet Global

APRIL 27, 2023

Tax teams of multinational enterprises (MNEs) in the manufacturing industry face increasing challenges to manage business and market risks effectively. These changes create an ever-increasing demand on manufacturing tax departments to report on cross-border situations and transactions.

Manufacturing 52

Manufacturing Marketing Experimentation Reporting 52

CIO Business Intelligence

OCTOBER 18, 2023

But if there are any stop signs ahead regarding risks and regulations around generative AI, most enterprise CIOs are blowing past them, with plans to deploy an abundance of gen AI applications within the next two years if not already. CarMax CITO Shamim Mohammed confirms his company was using OpenAI’s GPT-3.x

Risk 129

Risk Manufacturing Enterprise Technology 129

CIO Business Intelligence

NOVEMBER 15, 2022

Experiment with the “highly visible and highly hyped”: Gartner repeatedly pointed out that organisations that innovate during tough economic times “stay ahead of the pack”, with Mesaglio in particular calling for such experimentation to be public and visible. on average over the next year, somewhat lower than the projected 6.5%

Digital Transformation 133

Digital Transformation Experimentation Risk Metrics 133

Ontotext

MAY 31, 2023

The traditional approach to identifying new targets involves extensive experimentation and trial-and-error, which is often time-consuming, costly and may not yield desirable results. Novel target identification Novel target identification is a crucial step in drug discovery and development.

Experimentation 52

Experimentation Cost-Benefit Predictive Modeling Risk 52

IBM Big Data Hub

OCTOBER 4, 2022

It is well known that Artificial Intelligence (AI) has progressed, moving past the era of experimentation. Today, AI presents an enormous opportunity to turn data into insights and actions, to amplify human capabilities, decrease risk and increase ROI by achieving break through innovations. Challenges around managing risk.

Metadata 98

Metadata Risk Risk Management Experimentation 98

CIO Business Intelligence

JULY 3, 2023

Rather than relying on APIs provided by firms such as OpenAI and the risks of uploading potentially sensitive data to third-party servers, new approaches are allowing firms to bring smaller LLMs inhouse. However, the AI future for many enterprises lies in building and adapting much smaller models based on their own internal data assets.

Management 100

Management Experimentation Modeling Enterprise 100

Cloudera

JANUARY 28, 2022

Customers vary widely on the topic of public cloud – what data sources, what use cases are right for public cloud deployments – beyond sandbox, experimentation efforts. Managing Cloud Concentration Risk. What are your business goals, what are you trying to achieve? Yet, the hybrid profile varies from firm to firm.

Slice and Dice 113

Slice and Dice Cost-Benefit Risk Data Governance 113

The Unofficial Google Data Science Blog

JULY 22, 2020

One reason to do ramp-up is to mitigate the risk of never before seen arms. A ramp-up strategy may mitigate the risk of upsetting the site’s loyal users who perhaps have strong preferences for the current statistics that are shown. For example, imagine a fantasy football site is considering displaying advanced player statistics.

Experimentation 95

Experimentation Statistics Testing Strategy 95

CIO Business Intelligence

FEBRUARY 3, 2023

Cybersecurity threats require business language lift This heightened business demand, along with the Royal moniker, does, however, come with risks. At each release point, or vulnerability fix, we noted the score change and then reported it and its causes,” he adds. An unfortunate by-product was a variety of cyberattacks.

IT 52

IT Experimentation Scorecard Digital Transformation 52

CIO Business Intelligence

JULY 31, 2023

Just look at the stats:Some 45% of 2,500 executives polled for a May 2023 report from research firm Gartner said the publicity around ChatGPT prompted them to increase their AI investments, 70% said their organization is already exploring gen AI, and 19% are in actual pilot or production mode.

Strategy 91

Strategy Risk Enterprise Risk Management 91

DataKitchen

MARCH 8, 2023

This requires a culture of innovation, experimentation, and willingness to take risks and try new approaches. It is not enough to just deploy to production quickly; teams need to lower the risk of deployment failure. The team must be agile and flexible, able to pivot quickly and adapt to new challenges.

Analytics 130

Analytics Manufacturing Data-driven Data Analytics 130

IBM Big Data Hub

MAY 25, 2023

Generative AI has progressed quickly beyond experimentation; businesses are embracing it to improve customer service, seize new market opportunities and more. At the same time, there are reasonable concerns about how to mitigate bias, manage data security, and factor in precision and risk.

Consulting 101

Consulting Experimentation Machine Learning Modeling 101

Data Science 101

OCTOBER 15, 2023

Those vendors are safe due to established revenue elsewhere, but they are under pressure to publish, and you can set your watch to press releases (and generally well meaning if muddled media interpretation) at various cycles relating to public company reporting. That’s a risk. QPUs, GPUs, CPUs, you name it.

Risk 107

Risk Marketing Consulting Technology 107

IBM Big Data Hub

FEBRUARY 1, 2024

In recent years, CBDCs have been positioned as a viable remedy to current inefficiencies in financial markets, as they can promote innovation, more effectively aid inclusion in payment systems and reduce settlement delays, costs, and counterparty risks.

Experimentation 93

Experimentation Modeling Finance Reporting 93

CIO Business Intelligence

AUGUST 25, 2023

Accordingly, many CIOs have fashioned themselves into the de facto AI professor within their organizations—developing 101 materials and conducting roadshows to build awareness, explain how generative AI differs from other types, and discuss its risks. He and his peers make a point of emphasizing the risks.

Strategy 85

Strategy Data Strategy Experimentation Uncertainty 85

CIO Business Intelligence

DECEMBER 6, 2023

Organizations need to have an honest look at their hygiene, priorities, and data sensitivities to ensure they’re plugging GenAI tools into the areas where they get maximum reward and minimized risk.” Fiction magazines report receiving so many low-quality AI-written stories that it’s effectively a denial of service attack.

IT 125

IT Risk Management Interactive Modeling 125

Ontotext

JULY 6, 2023

Let’s consider an example about risk and opportunity event detection. Case studies The risk and opportunity event detection use case discussed above combines all of Ontotext’s capabilities: storing and managing large amounts of data adding meaning to it (e.g.,, The solution brings many business benefits.

Cost-Benefit 52

Cost-Benefit Metadata Experimentation Risk 52

DataRobot Blog

JANUARY 17, 2023

TRACE, Asian bond market reporting, ECNs’ trade history) as well as a clear set of more liquid assets which can be used as predictors (e.g., Not actually being a machine learning problem: Value-at-Risk modeling is the classic example here—VaR isn’t a prediction of anything, it’s a statistical summation of simulation results.

Machine Learning 87

Machine Learning Marketing Experimentation Modeling 87

Smart Data Collective

JULY 9, 2023

One report found that global e-commerce brands spent over $16.7 These tools provide comprehensive reports and analyses that can help you understand user behavior on your website, giving you insight into vital metrics, conversion funnels, and geographical and demographic data. Take no risks when it comes to protecting data privacy!

Optimization 74

Optimization Data Analytics Analytics Data-driven 74

CIO Business Intelligence

OCTOBER 9, 2023

But while the report found that growth was important, it was outranked by improving the customer experience and operational excellence. Hyatt’s experimental mindset and listen-first approach are heavily applied to IT’s pursuit of innovation, he says. That is a tall order for CIOs, who feel the pressure to do it all.

Strategy 131

Strategy Technology Experimentation Testing 131