IBM Big Data Hub

MAY 25, 2023

In 2023 alone, IBM Consulting has interacted with more than 100 clients and completed dozens of engagements infusing generative AI alongside classical machine learning AI strategies. Generative AI has progressed quickly beyond experimentation; businesses are embracing it to improve customer service, seize new market opportunities and more.

Consulting 107

Consulting Experimentation Machine Learning Modeling 107

CIO Business Intelligence

JUNE 15, 2023

Although ChatGPT, the poster child for generative AI applications, only launched in November 2022, already 26% of workers say they use generative AI several times a week, while 46% have experimented with it at least once, BCG found. For many, their feelings are based on sound experience.

Management 116

Management Experimentation Optimization Enterprise 116

CIO Business Intelligence

FEBRUARY 21, 2023

As part of Heineken’s 2021 EverGreen strategy to commit to future-proof the organization, adapt to market dynamics, and emerge stronger from the pandemic, there’s the objective to digitally transform the business and its relations with stakeholders. As of its Q3 2022 trading update, the company achieved €4.3

Digital Transformation 105

Digital Transformation Sales Experimentation Optimization 105

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

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 should also have experience with pattern detection, experimentation in business optimization techniques, and time-series forecasting.

Data Science 126

Data Science Machine Learning Predictive Modeling Experimentation 126

CIO Business Intelligence

JULY 3, 2023

The 2023 State of the CIO survey reveals that 71% of CIO respondents anticipate greater involvement in business strategy over the next three years with 85% stating they were becoming more digital- and innovation-focused. In 2022, OpenAI lost $540 million despite having raised $11.3 billion in funding rounds.

Management 105

Management Experimentation Modeling Enterprise 105

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 105

Advertising Recreation/Entertainment Experimentation Enterprise 105

DataRobot Blog

NOVEMBER 15, 2022

At the DataRobot Booth at Big Data AI World Asia 2022 Chief Data Officers data scientists and IT leaders learned the latest in AI-driven business outcomes. At the event, a financial services panel discussion shared why iteration and experimentation are critical in an AI-driven data science environment. See DataRobot AI Cloud in Action.

Big Data 52

Big Data Experimentation Data-driven Machine Learning 52

The Unofficial Google Data Science Blog

APRIL 23, 2024

It is also a sound strategy when experimenting with several parameters at the same time. To find optimal values of two parameters experimentally, the obvious strategy would be to experiment with and update them in separate, sequential stages. (And sometimes even if it is not[1].)

Experimentation 52

Experimentation Optimization Uncertainty Metrics 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. Instead, he’s implementing a dual-track strategy: to limit generative AI utilization through strict policies, while rapidly developing and piloting approved and safe applications.

IT 98

IT Insurance Strategy Risk 98

Dataiku

MARCH 25, 2024

Based on the architecture of Flamingo , a multimodal model developed by DeepMind in April 2022, IDEFICS is tailored to handle sequences of interleaved images and texts as inputs, generating text outputs with remarkable accuracy. IDEFICS, released by Hugging Face, marks the first open-access visual language model at the 80B scale.

Visualization 132

Visualization Modeling Experimentation Testing 132

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

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 Unstructured Data 98

Smarten

APRIL 18, 2023

ChatGPT is an AI chatbot developed by OpenAI, launched in November 2022. While new medical techniques and tools can take time to refine and prove, doctors often leverage experimental techniques to save lives. One of the most intriguing AI developments is the recent focus on ChatGPT. It is built on OpenAI’s GPT-3.5

Digital Transformation 52

Digital Transformation Experimentation ROI Technology 52

CIO Business Intelligence

SEPTEMBER 12, 2022

Fast-forward to 2022. Prioritize time for experimentation. Today, we come together on Microsoft Teams or Zoom and use tools like Miro and OneNote, but the core principles of open collaboration, free expression of ideas, and experimentation remain at the center of Voya’s innovation culture.” .

Experimentation 133

Experimentation Consulting Technology Machine Learning 133

CIO Business Intelligence

APRIL 4, 2022

As the dust has settled, many tech leaders have found that changes they were forced to make to their work strategies, leadership styles, and team structures have turned out to be team-transforming epiphanies that will endure going forward. Employee crowdsourcing can yield breakthrough ideas.

Experimentation 133

Experimentation Interactive Business Objectives Manufacturing 133

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. Here are five implications these technologies will have on security and privacy as we build our collective future. . Building trust.

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. Generative AI, IT Leadership, IT Strategy Still, as Whyde concedes, “some of the concern around risk of adoption of AI is distressing.”

Risk 141

Risk Manufacturing Enterprise Technology 141

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

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 85

Snapshot Data Lake Testing Strategy 85

CIO Business Intelligence

JUNE 6, 2023

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. In addition, the percentage of corporate-backed deals in early seed rounds increased from 10% in 2021 to 18% in 2022.

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 111

Data-driven Machine Learning Interactive Predictive Analytics 111

CIO Business Intelligence

MARCH 6, 2023

So Holden, who has been CIO at Halfords — the UK’s largest retailer of motoring and cycling products and services — since 2017, developed a strategy to reorganize his tech team. Caldas adds: “Today, we are aligned as a global organization oriented around a single set of strategies, roadmaps, and vision statements about where we are going.

IT 140

IT Strategy Cost-Benefit Consulting 140

DataRobot Blog

FEBRUARY 9, 2022

Continuous learning requires: Adopting automated strategies that keep production models at peak performance. Models need to be simplified by constant iteration and experimentation. With an AutoML system working in the background, you can run experimental challenger models continuously after deployment.

IT 52

IT Experimentation Machine Learning Data Processing 52

DataRobot Blog

FEBRUARY 15, 2023

In this example, we take a deep dive into how real estate companies can effectively use AI to automate their investment strategies. This helps with getting more creative with your experimentation. The cost of real estate has been a rollercoaster ride in this challenging macroeconomic climate.

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