CIO Business Intelligence

JANUARY 19, 2024

The US Bureau of Labor Statistics (BLS) forecasts employment of data scientists will grow 35% from 2022 to 2032, with about 17,000 openings projected on average each year. You need experience in machine learning and predictive modeling techniques, including their use with big, distributed, and in-memory data sets.

Data Science 126

Data Science Machine Learning Predictive Modeling Experimentation 126

CIO Business Intelligence

JULY 3, 2023

But the rise of large language models (LLMs) is starting to make true knowledge management (KM) a reality. These models can extract meaning from digital data at scale and speed beyond the capabilities of human analysts. In 2022, OpenAI lost $540 million despite having raised $11.3 billion in funding rounds.

Management 105

Management Experimentation Modeling Enterprise 105

AWS Big Data

JULY 3, 2023

Backtesting is a process used in quantitative finance to evaluate trading strategies using historical data. This helps traders determine the potential profitability of a strategy and identify any risks associated with it, enabling them to optimize it for better performance.

Snapshot 82

Snapshot Data Lake Testing Strategy 82

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

Dataiku

MARCH 25, 2024

This scenario is not science fiction but a glimpse into the capabilities of Multimodal Large Language Models (M-LLMs), where the convergence of various modalities extends the landscape of AI. But instead, a machine seamlessly identifies the scene and its location, provides a detailed description, and even suggests nearby attractions.

Visualization 132

Visualization Modeling Experimentation Testing 132

CIO Business Intelligence

MAY 16, 2023

To gain perspective, Iron Mountain sponsored research by Quadrant Strategies, which used digital listening technologies to study public online conversation trends among enterprise decision-makers. It surpasses blockchain and metaverse projects, which are viewed as experimental or in the pilot stage, especially by established enterprises.

Advertising 102

Advertising Recreation/Entertainment Experimentation Enterprise 102

DataRobot Blog

NOVEMBER 15, 2022

A packed keynote session showed how repeatable workflows and flexible technology get more models into production. Our in-booth theater attracted a crowd in Singapore with practical workshops, including Using AI & Time Series Models to Improve Demand Forecasting and a technical demonstration of the DataRobot AI Cloud platform.

Big Data 52

Big Data Experimentation Data-driven Machine Learning 52

CIO Business Intelligence

JULY 27, 2023

Soon after ChatGPT burst on the scene in November 2022, Chan realized generative AI would amount to far more than the just the latest technology flash-in-the-pan. And because the generative AI models pull from myriad sources, incorporating generative AI output in an organization’s corporate content could lead to copyright infringement.

IT 97

IT Insurance Strategy Risk 97

CIO Business Intelligence

SEPTEMBER 12, 2022

Fast-forward to 2022. Prioritize time for experimentation. The team was given time to gather and clean data and experiment with machine learning models,’’ Crowe says. Employees will rally around a new business model, a new market opportunity, a new product offering,’’ Rybchin says. Elixirr Consulting.

Experimentation 133

Experimentation Consulting Technology Machine Learning 133

CIO Business Intelligence

AUGUST 17, 2023

The state of play The storied UK IT chief Paul Coby, now CIO of family property developer Persimmon Homes, has seen many trends come and go but he is bullish on generative AI, even though it only made its first appearance in November 2022. “I I believe generative AI is a game changer at a fundamental level,” he says. “I

Risk 98

Risk Cost-Benefit Strategy Experimentation 98

CIO Business Intelligence

MAY 31, 2022

These new, digitally enhanced worlds, realities, and business models are poised to revolutionize both life and enterprise in the next decade, as explored in Accenture’s recent Technology Vision 2022 report. By solving for issues of bias and privacy, it can bring next-level improvements to AI models in fairness and innovation.

Technology 116

Technology Experimentation Interactive IoT 116

CIO Business Intelligence

OCTOBER 18, 2023

OpenAI’s November 2022 announcement of ChatGPT and its subsequent $10 billion in funding from Microsoft were the “shots heard ’round the world” when it comes to the promise of generative AI. Snap, LexisNexis, and Lonely Planet are also developing and training LLM models, each leveraging their own data stored on AWS. “We

Risk 141

Risk Manufacturing Enterprise Technology 141

CIO Business Intelligence

OCTOBER 1, 2022

In summer 2022, P&G sealed a multiyear partnership with Microsoft to transform P&G’s digital manufacturing platform. It has moved past what Cretella calls the “experimentation phase” with scaled solutions and increasingly sophisticated AI applications. Data and AI have since become central to the company’s digital strategy. “We

Manufacturing 145

Manufacturing Digital Transformation IoT Internet of Things 145

Smarten

APRIL 18, 2023

ChatGPT is an AI chatbot developed by OpenAI, launched in November 2022. and GPT-4 families of large language models, and fine-tuned using supervised and reinforcement learning techniques. While new medical techniques and tools can take time to refine and prove, doctors often leverage experimental techniques to save lives.

Digital Transformation 52

Digital Transformation Experimentation ROI Technology 52

DataRobot Blog

AUGUST 10, 2022

NHS organisations are used to using workforce KPIs to manage staffing levels, but the real opportunity is being able to identify staff that are at risk of leaving post and to implement strategies to retain their much needed talent.

Forecasting 52

Forecasting Experimentation Data-driven Risk 52

CIO Business Intelligence

JUNE 6, 2023

And the market for doing so remains robust for corporations looking to make the most of the model. Despite a volatile economy, corporate venture capital investments in startups fell by only 2% to $192 billion in 2022 , compared to a 25% drop in overall venture capital. Digital Transformation, Innovation, IT Strategy, Startups

Key Performance Indicator 105

Key Performance Indicator Cost-Benefit Enterprise Experimentation 105

CIO Business Intelligence

OCTOBER 4, 2022

More than three-quarters (77%) of IT leaders surveyed in the 2022 State of the CIO study said their direct interactions with customers increased last year, and 57% expect their involvement in customer experience will grow further in the coming year. Embed CX into your data strategy. Consider three key areas of focus: 1.

Data-driven 110

Data-driven Machine Learning Interactive Predictive Analytics 110

DataRobot Blog

FEBRUARY 9, 2022

Machine learning operations (MLOps) solutions allow all models to be monitored from a central location, regardless of where they are hosted or deployed. These tools can resolve common model management problems: Challenge 1: Slow Iteration Speed. Refreshing models according to the business schedule or signs of data drift.

IT 52

IT Experimentation Machine Learning Data Processing 52

DataRobot Blog

FEBRUARY 15, 2023

In addition, it’s essential that models comply with regulations and treat customers fairly, making it more important than ever to monitor models in production. In this example, we take a deep dive into how real estate companies can effectively use AI to automate their investment strategies.

Modeling 52

Modeling Machine Learning Cost-Benefit Metrics 52

CIO Business Intelligence

SEPTEMBER 27, 2023

Identifying worthwhile use cases Hackajob, a company that provides a platform for organizations to find and recruit IT and developer talent, began piloting generative AI models in the second half of 2022 as part of an informal research and development initiative to explore emerging technology trends.

Strategy 126

Strategy Risk Data-driven Modeling 126

CIO Business Intelligence

AUGUST 1, 2023

During keynotes and discussions with CIOs, I remind everyone how strategic priorities evolve significantly every two years or less, from growth in 2018, to pandemic and remote work in 2020, to hybrid work and financial constraints in 2022. Customizing and developing LLMs requires a strong business case, technical expertise, and funding.

Digital Transformation 98

Digital Transformation Unstructured Data Strategy Experimentation 98