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 95

Strategy Risk Enterprise Risk Management 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 104

Management Experimentation Modeling Enterprise 104

CIO Business Intelligence

JULY 27, 2023

With the ability to instantaneously ingest reams of data using large language models (LLMs), generative AI technologies such as OpenAI’s ChatGPT and Google’s Bard can produce reports, contracts, and application code far surpassing earlier technologies in speed, accuracy, and thoroughness. If anything, 5% is conservative.

IT 86

IT Insurance Strategy Risk 86

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. Morgan’s Athena uses Python-based open-source AI to innovate risk management.

Deep Learning 64

Deep Learning Experimentation Machine Learning Risk 64

CIO Business Intelligence

FEBRUARY 14, 2024

People aren’t going back and decluttering because there’s no cost to that — except in your risk profile and your decreased search performance,” says Buckley. At the beginning of 2023, Gartner reported only 15% of organizations already have data storage management solutions that classify and optimize data.

IT 141

IT Metadata Data-driven Management 141

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. But while the report found that growth was important, it was outranked by improving the customer experience and operational excellence.

Strategy 135

Strategy Technology Experimentation Testing 135

CIO Business Intelligence

DECEMBER 29, 2023

Adaptability and useability of AI tools For CIOs, 2023 was the year of cautious experimentation for AI tools. While there remains a lot we don’t fully understand about AI, including its associated risks, there are many opportunities to take advantage of moving forward in business and life,” he says.

Cost-Benefit 133

Cost-Benefit Digital Transformation Consulting Strategy 133

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

IBM Big Data Hub

APRIL 18, 2024

While leaders have some reservations about the benefits of current AI, organizations are actively investing in gen AI deployment, significantly increasing budgets, expanding use cases, and transitioning projects from experimentation to production. Code (62%) : Gen AI helps developers write code more efficiently and with fewer errors.

Cost-Benefit 89

Cost-Benefit Modeling Manufacturing Interactive 89

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 139

Cost-Benefit Metrics Insurance Measurement 139

CIO Business Intelligence

MARCH 7, 2023

While digital initiatives and talent are the board directors’ top strategic business priorities in 2023-2024, IT spending is forecasted to grow by only 2.4% Tech companies have laid off over 250 thousand employees since 2022, and 93% of CEOs report preparing for a US recession over the next 12 to 18 months.

Digital Transformation 144

Digital Transformation Data Governance Experimentation Machine Learning 144

CIO Business Intelligence

DECEMBER 6, 2023

Organizations need to have an honest look at their hygiene, priorities, and data sensitivities to ensure they’re plugging GenAI tools into the areas where they get maximum reward and minimized risk.” Fiction magazines report receiving so many low-quality AI-written stories that it’s effectively a denial of service attack.

IT 130

IT Risk Management Interactive Modeling 130

CIO Business Intelligence

AUGUST 25, 2023

Accordingly, many CIOs have fashioned themselves into the de facto AI professor within their organizations—developing 101 materials and conducting roadshows to build awareness, explain how generative AI differs from other types, and discuss its risks. He and his peers make a point of emphasizing the risks.

Strategy 90

Strategy Data Strategy Experimentation Uncertainty 90