CIO Business Intelligence

DECEMBER 18, 2023

This year, GenAI and Large Language Models, such as ChatGPT, are positioned as vectors of change. Developing generative AI implementation strategies will be imperative for technology leaders, prioritizing key areas such as business model building, internal operational improvements, risk mitigation, and overall organizational efficiency.

Cost-Benefit 105

Cost-Benefit Risk Strategy Manufacturing 105

CIO Business Intelligence

SEPTEMBER 7, 2023

That’s why, around the world, governments and the defense industry as a whole are now investing and exploring generative artificial intelligence (AI), or large language models (LLMs), to better understand what’s possible. The second challenge is managing new risks, which stem primarily from the threat of misinformation.

Unstructured Data 118

Unstructured Data Cost-Benefit Risk Data-driven 118

CIO Business Intelligence

JUNE 21, 2023

In 2022, companies were still reeling from the rapid digital transformation efforts to survive the pandemic. A common but critical challenge I hear from CIOs, CTOs, and CDOs every day is that they have a difficult time helping the C-suite understand that IT is the very architecture for the future of business, not a cost center.

Modeling 105

Modeling Cost-Benefit ROI Digital Transformation 105

AWS Big Data

DECEMBER 8, 2023

Users could now assess risk, profitability, and cross-sell opportunities not only for piecemeal divisions or products, but also globally for the business as a whole. In 2022, FanDuel shifted their focus to using data sharing. They also wanted to ensure that they had adequate compute to run many jobs concurrently.

Data Warehouse 67

Data Warehouse Cost-Benefit KPI Risk 67

CIO Business Intelligence

MAY 9, 2023

According to the Rocket Software Survey Report 2022: The State of the Mainframe , four out of five IT professionals see the mainframe as critical to business success. Without, it can create security and compliance risks—and be difficult to maintain. At the same time, innovation and modernization are imperative for business survival.

Cost-Benefit 103

Cost-Benefit Software Digital Transformation Risk 103

CIO Business Intelligence

SEPTEMBER 29, 2023

Financial organizations want to capture generative AI’s tremendous potential while mitigating its risks. That’s because generative AI large language models (LLMs) have prowess in text-based generation, readily finding language and word patterns. And the finance industry is investing to do so. during the next decade to exceed USD 9.48

Finance 133

Finance Unstructured Data Risk Cost-Benefit 133

IBM Big Data Hub

FEBRUARY 7, 2024

These efforts often go hand in hand with broader corporate sustainability initiatives and can lead to significant cost savings and improved environmental performance. Circular economy: When waste is a resource Waste not, want not: the circular economy model, which aims to minimize unnecessary waste and make the most of resources, is booming.

Reporting 100

Reporting Cost-Benefit Internet of Things Data-driven 100

CIO Business Intelligence

SEPTEMBER 14, 2023

Nasdaq is currently using gen AI for a range of applications, including supporting digital investigators’ efforts to identify financial crime risk and empowering corporate boards to consume presentations and disclosures more efficiently. The company, which reported net revenues of $3.6

Risk Management 115

Risk Management Risk Marketing Cost-Benefit 115

Alation

MAY 19, 2022

Alation attended last week’s Gartner Data and Analytics Summit in London from May 9 – 11, 2022. Gartner Data & Analytics Summit 2022: Keynote Highlights. This is data that’s artificially produced to mimic and model real events: It retains the structure of the original data but is not the same as real data. What a week!

Metadata 52

Metadata Data Analytics Analytics Data Governance 52

CIO Business Intelligence

AUGUST 23, 2022

To address this requirement and ensure seamless connectivity, organizations are rapidly adopting consumption-driven NaaS models to balance the cost of their network growth with the digital experience of their stakeholders. Obtaining more insight into hidden costs (e.g., Obtaining more insight into hidden costs (e.g.,

Cost-Benefit 105

Cost-Benefit Business Objectives ROI Risk 105

CIO Business Intelligence

MAY 16, 2023

Many found these environments difficult to manage, govern and modernize, all while controlling costs. All these challenges limited the benefits the multicloud model was supposed to unlock. There’s another way to approach the challenge of the multicloud operating model. What is multicloud by design?

Strategy 97

Strategy Cost-Benefit Optimization Modeling 97

CIO Business Intelligence

FEBRUARY 22, 2024

There’s no defined hierarchical structure, but the Hub is based on a transversal and collaborative model where groups are created, and employees from all areas work on specific projects along with external experts. One of the main strategic transversal areas is AI. With this in mind, the AI ​​CoE acts along two clear lines at a global level.

IT 105

IT Digital Transformation IoT Cost-Benefit 105

CIO Business Intelligence

AUGUST 1, 2022

Upgrading IT and data security to reduce corporate risk was the No. 1 CEO priority for respondents to the IDG/Foundry “State of the CIO Study 2022” research , cited by a third of the respondents. As enterprises modernize with cloud, connectivity, and data, they are gravitating to technology-as-a-service models to refashion IT estates.

Strategy 98

Strategy Cost-Benefit Risk Management 98

CIO Business Intelligence

MARCH 8, 2023

Another report found that between 2018 and 2022, the percentage of NetOps teams that are successful with their overall missions has declined from 47% to 27%. Public cloud Public cloud services are popular because they offer organizations flexibility, lower costs, and more rapid deployments.

Digital Transformation 98

Digital Transformation Cost-Benefit Data-driven Reporting 98

IBM Big Data Hub

MAY 26, 2023

Leading life science companies are leveraging cloud for innovation around operational, revenue and business models. Leading life sciences companies are discovering the power of cloud in enabling analytics and artificial intelligence (AI) , shrinking innovation cycles, and standardizing processes across global operations, among other benefits.

Consulting 81

Consulting Cost-Benefit Optimization Machine Learning 81

CIO Business Intelligence

JUNE 2, 2022

Hot technologies for banks also include 5G , natural language processing (NLP) , microservices architecture , and computer vision, according to Forrester’s recent Top Emerging Technologies in Banking In 2022 report. in 2022 to $623 billion globally. AI enhances operational efficiency. Gartner highlights AI trend in banking.

Predictive Analytics 145

Predictive Analytics Technology Analytics Machine Learning 145

DataRobot Blog

SEPTEMBER 1, 2022

The latest McKinsey Global Survey on AI proves that AI adoption continues to grow and that the benefits remain significant. But in the COVID-19 pandemic’s first year, many felt more strongly about the cost-savings front than the top line. Your model was accurate yesterday, but what about today? How can I get a better model fast?

Metrics 145

Metrics Statistics Modeling Data Science 145

IBM Big Data Hub

AUGUST 14, 2023

The Cost of a Data Breach 2023 global survey found that extensively using artificial intelligence (AI) and automation benefited organizations by saving nearly USD 1.8 million in data breach costs and accelerated data breach identification and containment by over 100 days, on average.

Cost-Benefit 61

Cost-Benefit Machine Learning Consulting Data mining 61

CIO Business Intelligence

JANUARY 9, 2024

IT leaders say they’re discussing everything from the costs of AI implementations to whether AI is the existential threat to humanity some fear. ChatGPT caused quite a stir after it launched in late 2022, with people clamoring to put the new tech to the test. Which business cases actually need AI?

IT 137

IT Risk Cost-Benefit Enterprise 137

Ontotext

OCTOBER 11, 2023

These delved deep into the transformative potential of Large Language Models (LLMs) and the need for semantic technologies to ensure high-quality training data for these models. Scalability – a significant cost reduction for
scale-ups. Are LLMs Knowledgeable?

Metadata 69

Metadata Cost-Benefit Marketing Modeling 69

CIO Business Intelligence

FEBRUARY 14, 2023

Of course, his predecessor knew that too, and so the consolidation of the two SAP systems was under discussion for almost a decade by the time Grayling finally convinced his fellow executives that the cost of consolidation would be less than continuing with separate systems. “It It was easier to do with a strong financial benefit, for sure.”

Data Processing 98

Data Processing Cost-Benefit Testing Modeling 98

Smart Data Collective

SEPTEMBER 29, 2022

However, we haven’t discussed the benefits of using AI to distribute apps through app marketplaces in as much detail. In order to appreciate the benefits of using AI to create a new app marketplace, it is important to first address the challenges. Let’s have a look at the main app store alternatives for the App Store in 2022.

Technology 126

Technology Advertising Cost-Benefit Publishing 126

CIO Business Intelligence

NOVEMBER 23, 2022

According to Bizzdesign’s survey of over 1,000 enterprise architects and IT business leaders, the top priorities to improve the impact of EA in 2022 include improving communication about the value of EA to the business (56%) as well as improving the development and adoption of EA processes (50%).

Enterprise 128

Enterprise Cost-Benefit Digital Transformation Strategy 128

Smart Data Collective

DECEMBER 13, 2021

More companies are using sophisticated data analytics and AI tools to overhaul their business models. This figure will continue to grow as more online retailers discover the benefits of using big data for various purposes, such as marketing. You simply can’t afford to ignore the benefits of using big data in this business.

Data-driven 136

Data-driven Marketing Strategy Big Data 136

CIO Business Intelligence

SEPTEMBER 21, 2023

Today’s foundational models are jacks-of-all-trades. With a pre-trained model, you can bring it into HR, finance, IT, customer service—all of us are touched by it.” If you take something slightly risky and make it a thousand times bigger, the risks are amplified,” he says. But it’s a sign of what’s to come. “If

Enterprise 130

Enterprise Consulting Modeling Cost-Benefit 130

Smart Data Collective

DECEMBER 20, 2022

Many of these buyers are enamored with the idea of using AI to improve their business models, but don’t make sure that they are getting the right value from it. In fact, FastSpring estimates that 37% of vendors increased what they were charging between Q1 2021 and Q1 2022, driving up software costs for the average customer.

Cost-Benefit 109

Cost-Benefit Software Sales Finance 109

CIO Business Intelligence

MAY 23, 2023

Our goal will be to achieve this multi-cloud strategy in a way that is cost-neutral to customers, while allowing them to choose where they want to run applications or workloads. Broadcom’s business model is based on the thesis that the technology we develop is a roadmap, is evolutionary, and gets better with time.

Uncertainty 143

Uncertainty Cost-Benefit Risk Technology 143

CIO Business Intelligence

FEBRUARY 1, 2023

As organizations of all stripes continue their migration to the cloud, they are coming face to face with sometimes perplexing cost issues, forcing them to think hard about how best to optimize workloads, what to migrate, and who exactly is responsible for what. leading to poor performance and high cost.

Optimization 111

Optimization Cost-Benefit Consulting Strategy 111

CIO Business Intelligence

MARCH 13, 2024

So it’s no surprise that companies continue to heavily invest in it since the release of Dall-E 2 and ChatGPT in late 2022, where they expect to see the greatest value in increased productivity, with some estimates showing improvements of 5% or more over the next 12 months, and headcounts to reduce by at least 5% as well. for every $1 spent.

IT 128

IT Consulting Testing Cost-Benefit 128

Andrew White

JANUARY 9, 2022

On Thursday January 6th I hosted Gartner’s 2022 Leadership Vision for Data and Analytics webinar. Which trends do you see for 2022 in AI & ML technology and tools and tool capabilities? We will publish a new Top Trends for D&A for 2022 in a couple of months. The last item should be updated in 2022.

Analytics 64

Analytics Measurement Modeling Data-driven 64

IBM Big Data Hub

JULY 19, 2023

The industry is under tremendous pressure to accelerate drug development at an optimal cost, automate time- and labor-intensive tasks like document or report creation to preserve employee morale, and accelerate delivery. Supply Chain: Demand forecasting, supply chain optimization, risk assessment and mitigation.

Consulting 66

Consulting Machine Learning Manufacturing Optimization 66

IBM Big Data Hub

AUGUST 11, 2023

Today, 35% of companies report using AI in their business, which includes ML, and an additional 42% reported they are exploring AI, according to the IBM Global AI Adoption Index 2022. It advances the scalability of ML in real-world applications by using algorithms to improve model performance and reproducibility. What is MLOps?

Data Science 59

Data Science Machine Learning Cost-Benefit Deep Learning 59

Smart Data Collective

MAY 10, 2022

For example, banks now apply AI to assess credit risks with high accuracy. They include; Credit risk assessment. Credit risk assessment entails estimating the probability of a prospective borrower failing to repay a loan. If the AI model detects any, it can flag them for further investigation or automatically halt them.

Marketing 110

Marketing Technology Insurance Machine Learning 110

CIO Business Intelligence

JANUARY 20, 2023

What was once an anomaly is now a global reality as remote and hybrid work models settle in across industries. In 2022, the percentage of remote workdays in the US soared above the pre-pandemic levels of 5 percent to reach 30 percent. [1] Additionally, VDI can reduce operational costs in two ways.

Technology 59

Technology Cost-Benefit Deep Learning Modeling 59

CIO Business Intelligence

AUGUST 17, 2023

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. We ran workshops with every division of our business, educating them on the accelerating innovation in this area, brainstorming opportunities and risks.

Risk 98

Risk Cost-Benefit Strategy Experimentation 98

datapine

MAY 31, 2022

3) Cloud Computing Benefits. It provides better data storage, data security, flexibility, improved organizational visibility, smoother processes, extra data intelligence, increased collaboration between employees, and changes the workflow of small businesses and large enterprises to help them make better decisions while decreasing costs.

Risk 237

Risk Cost-Benefit Business Intelligence Data-driven 237

CIO Business Intelligence

APRIL 4, 2022

Much of Clean Harbors’ customer data remains on premises in roughly 50 Oracle databases that are integrated with AI ML models through APIs and with RPA bots — a hybrid approach increasingly familiar to IT leaders looking to take strategic advantage of cloud capabilities while also retaining control over key systems and data.

Digital Transformation 98

Digital Transformation Snapshot Cost-Benefit Modeling 98