CIO Business Intelligence

MAY 16, 2024

Announced at its CamundaCon 2024 event in Berlin this week, the company’s pitch for AI is that the technology will hugely simplify the steep learning curve that comes with the setup phase of many business orchestration projects. This has led to big claims that run the risk of hype and disappointment down the line.

Experimentation 111

Experimentation Machine Learning Technology Modeling 111

CIO Business Intelligence

AUGUST 30, 2023

But as organizations look to quickly leverage the power of emerging digital technologies for business growth, such an approach is falling short on expectations. To capitalize on the gains offered by digital technologies, CIOs are building technology portfolios by allocating diverse investments based on prospective risk, reward, and value.

Digital Transformation 105

Digital Transformation Experimentation ROI Risk 105

CIO Business Intelligence

SEPTEMBER 6, 2023

While the potential of Generative AI in software development is exciting, there are still risks and guardrails that need to be considered. However, despite its intelligence and benefits to automating pipelines, the technology is still far from completely replacing human developers.

Software 119

Software Experimentation Risk Data Lake 119

Ontotext

APRIL 3, 2024

Nimit Mehta: I think that 2024 is going to be a buckle-down year, but, at the same time, we’ll see a rapid explosion of experimentation. Nimit Mehta : You are talking about the three big ones: cost, revenue, and risk. And, when you get to the top, it’s about risks and existential threats to the business. They are the best.”

Technology 59

Technology Risk Digital Transformation Measurement 59

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 98

Enterprise Experimentation Manufacturing Risk 98

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. Following are seven steps to guide this transformation for competitive advantage.

IT 137

IT Risk Cost-Benefit Risk Management 137

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. Systematically enabling model development and production deployment at scale entails use of an Enterprise MLOps platform, which addresses the full lifecycle including Model Risk Management. What Is Model Risk?

Risk Management 64

Risk Management Risk Modeling Enterprise 64

CIO Business Intelligence

APRIL 26, 2023

“Startup” means risk. But despite the high risk/reward framework, these Victory-or-Bust ventures don’t have the market cornered on agility and innovation. More than an experimental group, they hold themselves accountable the same way any startup should. Why not both? The alternative is shuttering for good.

Technology 52

Technology Marketing Experimentation Modeling 52

CIO Business Intelligence

MAY 30, 2024

Others have seen gen AI as an opportunity to advance their AI projects with uniquely constructed technology. Since 2021, we’ve begun to observe the limitations of this technology, namely the burden of training models to change the context or even just to answer new questions,” notes CIO Ciuccarelli.

Cost-Benefit 119

Cost-Benefit Sales Modeling Experimentation 119

CIO Business Intelligence

DECEMBER 19, 2023

This year’s technology darling and other machine learning investments have already impacted digital transformation strategies in 2023 , and boards will expect CIOs to update their AI transformation strategies frequently. I wrote in Driving Digital , “Digital transformation is not just about technology and its implementation.

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

Smarten

MAY 17, 2023

If you are a business owner, technology user or a fan of the news media, it would be difficult to avoid the topic of GPT and artificial intelligence (AI) in today’s news cycle. ” If you are like most businesses, you want to get ahead of the competition but, you don’t want to make a misstep or exposure the enterprise to unnecessary risk.

Digital Transformation 52

Digital Transformation Experimentation Risk Testing 52

CIO Business Intelligence

FEBRUARY 8, 2024

As technology evolves, individuals and the community collaborate to keep pace. No doubt, AI was the cutting-edge technology in 2023 that everyone was trying to keep pace with. Interacting with AI data or experiences in silos introduces risk and increases inefficiencies because it’s kept separate. Artificial Intelligence

Cost-Benefit 119

Cost-Benefit Experimentation Interactive Risk 119

CIO Business Intelligence

DECEMBER 7, 2023

Over the last year, generative AI—a form of artificial intelligence that can compose original text, images, computer code, and other content—has gone from experimental curiosity to a tech revolution that could be one of the biggest business disruptors of our generation. Where will the biggest transformation occur first?

Insurance 89

Insurance Experimentation Finance Data Governance 89

Smart Data Collective

MAY 22, 2022

The decisions are based on extensive experimentation and research to improve effectiveness without altering customer experience. With AI, the risk score for a device doesn’t depend on individual indicators. Predicting If a Device Is at Risk. Therefore, the risk score is always being adjusted accordingly.

Data-driven 135

Data-driven Risk Experimentation IT 135

CIO Business Intelligence

JUNE 15, 2023

Despite headlines warning that artificial intelligence poses a profound risk to society , workers are curious, optimistic, and confident about the arrival of AI in the enterprise, and becoming more so with time, according to a recent survey by Boston Consulting Group (BCG). For many, their feelings are based on sound experience.

Management 116

Management Experimentation Optimization Enterprise 116

CIO Business Intelligence

APRIL 14, 2023

But just like other emerging technologies, it doesn’t come without significant risks and challenges. According to a recent Salesforce survey of senior IT leaders , 79% of respondents believe the technology has the potential to be a security risk, 73% are concerned it could be biased, and 59% believe its outputs are inaccurate.

Risk 122

Risk Experimentation Marketing Risk Management 122

CIO Business Intelligence

JULY 28, 2023

In addition to bottom-line benefits, employees are often inspired and motivated by innovation – seeking job opportunities that encourage experimentation and embrace new ideas. IT teams can be so focused on the many technical aspects of deploying new technology, that long-term adoption and stickiness among users can get overlooked.

IT 98

IT Experimentation Digital Transformation Marketing 98

CIO Business Intelligence

NOVEMBER 15, 2022

But released the next day, the 2023 Gartner CIO and Technology Executive Survey revealed that EMEA-based CIOs expect IT budgets to increase 4.4% Invest in AI augmentation: Employees require tools and technologies that empower them and increase the impact of their work. on average over the next year, somewhat lower than the projected 6.5%

Digital Transformation 143

Digital Transformation Experimentation Risk Metrics 143

CIO Business Intelligence

AUGUST 25, 2023

They emerged triumphant, not only by providing vital assistance to patients who rely on the system, but also by moving the needle in technology and innovation. However, it worked in my favor; healthcare is going through an exciting time in terms of technology adoption, especially post COVID. The late nineties were the IT era.

Experimentation 98

Experimentation Digital Transformation Technology Measurement 98

CIO Business Intelligence

FEBRUARY 26, 2024

Trust One thing we’ve discovered to be almost universally true is that AI transformation comes with a considerable amount of fear from the greater workforce, which can act as a barrier to wider adoption of AI technology. Are team members disincentivised from taking risks due to fear of repercussions or attitudes?

Experimentation 126

Experimentation Cost-Benefit Digital Transformation Risk 126

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. And then what’s really cool is adding on this more experimental aspect with the machine learning capability.”

Deep Learning 97

Deep Learning Machine Learning Reporting Experimentation 97

CIO Business Intelligence

OCTOBER 9, 2022

However, delay too long, and you also risk giving yourself an insurmountable technological handicap if uptake in your industry suddenly accelerates. The benefits of the experimentation and iterative progression Agile enables are never more apparent than when we’re exploring uncertain and dynamic environments. Agile Development

Cost-Benefit 142

Cost-Benefit Manufacturing Experimentation Risk 142

IBM Big Data Hub

MARCH 4, 2024

Generative AI (gen AI) introduces transformative innovation to all aspects of a business; from the front to the back office, through ongoing technology modernization, and into new product and service development. As you pinpoint your AI technology, your decision impacts the other domains of AI+ Enterprise Transformation.

Enterprise 98

Enterprise ROI Risk Strategy 98

CIO Business Intelligence

JANUARY 9, 2024

That quote aptly describes what Dell Technologies and Intel are doing to help our enterprise customers quickly, effectively, and securely deploy generative AI and large language models (LLMs).Many Knowing these lessons before generative AI adoption will likely save time, improve outcomes, and reduce risks and potential costs.

Enterprise 119

Enterprise Experimentation Modeling Data-driven 119

CIO Business Intelligence

NOVEMBER 13, 2023

In today’s fast-paced business world, companies are striving to harness the power of digital technologies to reinvent their operations, enhance customer experiences, drive innovation, and thereby create value for stakeholders. But the hard truth is that many digital initiatives fail to deliver results.

Digital Transformation 143

Digital Transformation Cost-Benefit Experimentation Measurement 143

IBM Big Data Hub

DECEMBER 15, 2023

Open-source artificial intelligence (AI) refers to AI technologies where the source code is freely available for anyone to use, modify and distribute. As a result, these technologies quite often lead to the best tools to handle complex challenges across many enterprise use cases. Governments like the U.S.

Deep Learning 65

Deep Learning Experimentation Machine Learning Risk 65

CIO Business Intelligence

OCTOBER 18, 2023

If anything, 2023 has proved to be a year of reckoning for businesses, and IT leaders in particular, as they attempt to come to grips with the disruptive potential of this technology — just as debates over the best path forward for AI have accelerated and regulatory uncertainty has cast a longer shadow over its outlook in the wake of these events.

Risk 141

Risk Manufacturing Enterprise Technology 141

CIO Business Intelligence

FEBRUARY 22, 2024

With the aim to accelerate innovation and transform its digital infrastructures and services, Ferrovial created its Digital Hub to serve as a meeting point where research and experimentation with digital strategies could, for example, provide new sources of income and improve company operations.

IT 105

IT Digital Transformation IoT Cost-Benefit 105

CIO Business Intelligence

DECEMBER 29, 2023

With the merging of operational efficiency and embracing new technologies, today’s CIOs are under increasing pressure to do more with less and become both technologists and business leaders, says Sunny Azadeh, CIO at digital services company GlobalLogic. “In

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

CIO Business Intelligence

AUGUST 4, 2023

Initiated in 1869, with an expansive legacy built on the shoulders of giants such as Westinghouse (which gives it the name Westinghouse Airbrakes technology), Edison and Faiveley, WABTEC has been pioneering force in modern transportation solutions. Technologically, we’re looking at drone-based monitoring of railways in the future.

IoT 98

IoT Manufacturing Experimentation Digital Transformation 98

DataRobot Blog

NOVEMBER 15, 2022

A packed keynote session showed how repeatable workflows and flexible technology get more models into production. At the event, a financial services panel discussion shared why iteration and experimentation are critical in an AI-driven data science environment. Financial Services leaders understand the importance of speed and safety.

Big Data 52

Big Data Experimentation Data-driven Machine Learning 52

CIO Business Intelligence

AUGUST 17, 2023

Generative AI is widely regarded as one of the great technology breakthroughs of our time. But, as with any big new wave, there is a risk of once-promising projects being washed up and there are clear and obvious concerns over governance, quality and security. But overall, we see this as a huge opportunity.

Risk 98

Risk Cost-Benefit Strategy Experimentation 98

CIO Business Intelligence

JULY 31, 2023

Some companies have lifted their bans and are allowing limited use of the technology; others have not. 1 question now is to allow or not allow,” says Mir Kashifuddin, data risk and privacy leader with the professional services firm PwC US. Many companies are sitting in the middle of the do-we-block-it-or-do-we-allow-it discussion.”

Strategy 98

Strategy Risk Enterprise Risk Management 98

CIO Business Intelligence

FEBRUARY 21, 2024

CIOs on university campuses across the country have an obligation, as technology leaders, to provide the tools and expertise that staff, administration, and professors require to help fulfill the potential of students, and the university itself. We now use AI to help faculty understand some of those risk factors,” says Fozard.

Recreation/Entertainment 135

Recreation/Entertainment Experimentation Modeling Data-driven 135

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 82

Cost-Benefit Testing Machine Learning Optimization 82

IBM Big Data Hub

DECEMBER 4, 2023

These include the automation of creative and content-related tasks, the integration of generative AI into existing technology stacks and the increasing adoption of low-code development platforms. And the abundance of data available for training models has opened up vast possibilities for experimentation and learning.

Experimentation 64

Experimentation Metrics Modeling Machine Learning 64

CIO Business Intelligence

SEPTEMBER 12, 2022

Prioritize time for experimentation. Company leadership also creates space and time for employees to innovate by dedicating a team of people to explore emerging technologies, run experiments, and identify business applicability, Crowe says. Jason Moersch, vice president of technology services, Transwestern. Colgate-Palmolive.

Experimentation 133

Experimentation Consulting Technology Machine Learning 133