CIO Business Intelligence

APRIL 29, 2024

They need to have a culture of experimentation.” The same Gartner forecast, using survey results from late 2023, found that 55% percent of all companies planned to deploy AI or machine learning tools by the end of this year. CIOs should be “change agents” who “embrace the art of the possible,” he says.

Experimentation 135

Experimentation Forecasting Risk Consulting 135

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. Luckily, many are expanding budgets to do so. “94%

Digital Transformation 143

Digital Transformation Unstructured Data Machine Learning Risk Management 143

Dataiku

MAY 19, 2023

As highlighted by respondents in the 2023 Dataiku-sponsored IDC InfoBrief "Create More Business Value From Your Organizational Data,” a lack of effective technology, production-ready data pipelines, and an environment that facilitates smooth project transitions from experimentation to production are some of the key reasons.

Experimentation 52

Experimentation IT Technology 52

CIO Business Intelligence

APRIL 25, 2024

During the summer of 2023, at the height of the first wave of interest in generative AI, LinkedIn began to wonder whether matching candidates with employers and making feeds more useful would be better served with the help of large language models (LLMs). And at LinkedIn scale, those matchmaking processes have always relied on technology.

IT 139

IT Experimentation Cost-Benefit Metrics 139

DataRobot Blog

MARCH 8, 2023

DataRobot improves collaboration among AI teams so that they can discover and prove the value of models in business use cases through experimentation and then get models into production faster to improve how they run, grow, and optimize their business.

Enterprise 105

Enterprise Experimentation Machine Learning Modeling 105

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 110

Consulting Experimentation Machine Learning Modeling 110

CIO Business Intelligence

APRIL 25, 2023

years to ChatGPT (November 2022), and only 4 months to GPT-4 (March 2023). By March of 2023, ChatGPT’s maker OpenAI announced the availability of GPT3.5 It’s hard to achieve a deep, experiential understanding of new technology without experimentation. It was 2 years from GPT-2 (February 2019) to GPT-3 (May 2020), 2.5

Experimentation 116

Experimentation Enterprise Deep Learning Modeling 116

CIO Business Intelligence

MAY 14, 2024

In 2023, King County reported about 1,300 fatal drug overdoses. And then what’s really cool is adding on this more experimental aspect with the machine learning capability.” Seattle, the county seat, reported nearly 600 drug overdose deaths in 2022, an increase of 72% from the previous year.

Deep Learning 96

Deep Learning Machine Learning Reporting Experimentation 96

CIO Business Intelligence

MAY 10, 2024

One analyst says a solution like JSOC that uses both generative AI and machine learning models and is built in collaboration with customer service teams is ahead of the pack in an era still dominated by AI experimentation. “This is our first foundational step in automating that and making it as proactive as possible.”

Machine Learning 116

Machine Learning Experimentation Digital Transformation Modeling 116

CIO Business Intelligence

FEBRUARY 16, 2024

The cloud-native advantage ADP’s aggressive, early digital transformation has paid off nicely: Its expanded HCM portfolio is served to more than 1 million customers globally, up from 800,000 several years ago, with revenues at $18 billion in fiscal year 2023, up from $13 billion five years prior.

Digital Transformation 116

Digital Transformation Experimentation Cost-Benefit Machine Learning 116

CIO Business Intelligence

JULY 28, 2023

Tight budgets and labor shortages have remained an ongoing challenge for IT leaders in 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. Step #4: Leverage AI and automation to scale AI is everywhere!

IT 98

IT Experimentation Digital Transformation Marketing 98

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 8, 2024

No doubt, AI was the cutting-edge technology in 2023 that everyone was trying to keep pace with. Keep an eye on Stack Overflow Labs , our hub for innovation and experimentation, for more details as we build out our roadmap and share insights into what is coming next on this new journey. Artificial Intelligence

Cost-Benefit 119

Cost-Benefit Experimentation Interactive Risk 119

CIO Business Intelligence

APRIL 12, 2024

Both projects were rolled out to pilot stores in late 2023, and Hey GURA was fully deployed to all 2,200-plus locations in 49 states earlier this year. The use of AI in the retail sector is in the experimental stage, and many retailers have gotten only as far as using AI-powered chatbots on websites, Kodali adds.

Experimentation 116

Experimentation Sales Digital Transformation Metrics 116

CIO Business Intelligence

NOVEMBER 2, 2023

To be sure, enterprise cloud budgets continue to increase, with IT decision-makers reporting that 31% of their overall technology budget will go toward cloud computing and two-thirds expecting their cloud budget to increase in the next 12 months, according to the Foundry Cloud Computing Study 2023. 1 barrier to moving forward in the cloud.

Strategy 140

Strategy Data Processing Experimentation Optimization 140

Dataiku

MARCH 25, 2024

OBELICS is an open, massive, and curated collection of interleaved image-text web documents, containing 141 million English documents, 115 billion text tokens, and 353 million images, extracted from Common Crawl dumps between February 2020 and February 2023.

Visualization 132

Visualization Modeling Experimentation Testing 132

CIO Business Intelligence

AUGUST 25, 2023

In this conversation with Foundry, Mitali discusses the accelerated importance of technology in healthcare, on enabling healthcare providers with data and why her team isn’t afraid of experimentation. Only then will they venture into experimentation or make bold attempts to foster innovation, for they know that their leader has their back.

Experimentation 98

Experimentation Digital Transformation Technology Measurement 98

CIO Business Intelligence

JUNE 1, 2023

Fast forward to early 2023, and our survey found that only 36% of respondents prioritized metaverse programs, instead elevating AI (79%) and digital experience (56%) as top priorities. At the time, more than half of those polled said they had invested in “metaverse-like technologies.”

Marketing 98

Marketing B2B Experimentation Cost-Benefit 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% Gartner’s managing VP Mary Mesaglio said she remained optimistic for tech investments, with the latest crisis offering CIOs yet another opportunity to “make the difference”. global inflation rate.

Digital Transformation 143

Digital Transformation Experimentation Risk Metrics 143

IBM Big Data Hub

DECEMBER 5, 2023

This data tracks closely with a recent IDC Europe study that found 40% of worldwide retailers and brands are in the experimentation phase of generative AI, while 21% are already investing in generative AI implementations. The impact of these investments will become evident in the coming years. trillion on retail businesses through 2029.

Unstructured Data 95

Unstructured Data Cost-Benefit Experimentation Machine Learning 95

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. But the rise of large language models (LLMs) is starting to make true knowledge management (KM) a reality.

Management 105

Management Experimentation Modeling Enterprise 105

The Unofficial Google Data Science Blog

APRIL 23, 2024

To find optimal values of two parameters experimentally, the obvious strategy would be to experiment with and update them in separate, sequential stages. Our experimentation platform supports this kind of grouped-experiments analysis, which allows us to see rough summaries of our designed experiments without much work.

Experimentation 52

Experimentation Optimization Uncertainty Metrics 52

CIO Business Intelligence

JULY 27, 2023

The consultancy predicted in March 2023 that by 2026, 5% of employees will engage in unauthorized use of generative AI in their organizations. “If In March 2023, 54% said they were not yet doing anything with regard to generative AI, but in June 2023, only 23% made that admission [see chart]. “In

IT 98

IT Insurance Strategy Risk 98

CIO Business Intelligence

MAY 10, 2023

times the economy in 2023. Sundararajan has redefined the company’s purpose of reimagining global agriculture and food systems, and this is buoyed by his beliefs in good leadership: the ability to manage ambiguity and look at things through an experimental framework, which can open doors to more possibilities for the business.

Enterprise 52

Enterprise Digital Transformation Internet of Things B2B 52

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.

Deep Learning 74

Deep Learning Experimentation Machine Learning Risk 74

CIO Business Intelligence

FEBRUARY 14, 2024

Cost control Finops and cost control for cloud services continue to be a priority, and with so much gen AI usage relying on cloud AI services and APIs, CIOs will want to think about budgeting and automation, especially for AI development and experimentation. “If These are solved problems only if we apply the discipline we have,” adds Mann.

IT 143

IT Metadata Data-driven Management 143

CIO Business Intelligence

MAY 8, 2023

The resulting project, SmarthSearch, has earned Dow a 2023 CIO 100 Award list for IT leadership and innovation, and now enables thousands of Dow chemists to discover needed molecules in minutes that once took weeks to identify. It eliminates a lot of experimentation time … and accelerates our research quite dramatically.”

Manufacturing 95

Manufacturing Experimentation Digital Transformation Technology 95

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 98

Strategy Risk Enterprise Risk Management 98

AWS Big Data

AUGUST 21, 2023

In particular, our experimentation shows that hybrid search, combining lexical and vector approaches, typically results in a 15% improvement in search result quality over lexical or vector search alone on industry-standard test sets, as measured by the NDCG@10 metric (Normalized Discounted Cumulative Gain in the first 10 results).

Data Processing 92

Data Processing Experimentation Visualization Metrics 92

IBM Big Data Hub

MAY 17, 2024

” Given the statistics—82% of surveyed respondents in a 2023 Statista study cited managing cloud spend as a significant challenge—it’s a legitimate concern. Teams are comfortable with experimentation and skilled in using data to inform business decisions.

Modeling 62

Modeling Cost-Benefit Optimization Digital Transformation 62

CIO Business Intelligence

FEBRUARY 21, 2023

Yet in 2023, the brewer faces new constraints, such as an expected recession, rising barley and energy prices, and aluminum supply chain shortages. Heineken owns its piece of history, too, from becoming the first brewer to introduce quality control laboratories to the first legally sold beer in the US after prohibition was revoked in 1933.

Digital Transformation 105

Digital Transformation Sales Experimentation Optimization 105

CIO Business Intelligence

JANUARY 2, 2024

With AI being the talk of 2023, [there were questions on] how do we, as a company, handle its adoption, governance, and education about it to our employees,” he says. He plans to scale his company’s experimental generative AI initiatives “and evolve into an AI-native enterprise” in 2024. He sees 2024 as the year to have good answers.

IT 144

IT Cost-Benefit Statistics Consulting 144

CIO Business Intelligence

DECEMBER 29, 2023

Adaptability and useability of AI tools For CIOs, 2023 was the year of cautious experimentation for AI tools. “In 2024, my team and I will explore automation solutions that can streamline critical, time-consuming tasks, and contribute to a more efficient digital infrastructure.”

Cost-Benefit 139

Cost-Benefit Digital Transformation Consulting Strategy 139

CIO Business Intelligence

OCTOBER 9, 2023

Christian Mate, CIO, Elara Caring Elara Caring CIOs have more tactical aspirations right now, especially with regard to digital initiatives, according to Gartner’s 2023 CIO and Technology Executive Agenda. Hyatt’s experimental mindset and listen-first approach are heavily applied to IT’s pursuit of innovation, he says.

Strategy 137

Strategy Technology Experimentation Testing 137

CIO Business Intelligence

AUGUST 17, 2023

“An IDC survey from March 2023 saw 21% of respondents say they’re already investing in generative AI this year, and a further 55% are exploring potential use cases.

Risk 98

Risk Cost-Benefit Strategy Experimentation 98

CIO Business Intelligence

MAY 1, 2024

For example, a quarter of IT decision-makers in Foundry’s 2023 AI Priorities Study are piloting gen AI technologies, but only 20% have moved on to deployment. But talking to IT teams like the AI professionals in Intel’s 2023 ML Insider survey suggests only 10% of organizations put gen AI solutions into production in 2023.

Cost-Benefit 143

Cost-Benefit Metrics Insurance Measurement 143

CIO Business Intelligence

APRIL 26, 2023

More than an experimental group, they hold themselves accountable the same way any startup should. Investors in 2023 aren’t convinced by ideas alone—they want to see they’re working with organizations that are built to bring those ideas to market. Cisco sets aside space for an innovative team operating with a startup mindset.

Technology 52

Technology Marketing Experimentation Modeling 52