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CIOs weigh where to place AI bets — and how to de-risk them

CIO Business Intelligence

billion in 2024 to $521.0 When it comes to AI, Nafde sees risks in the vendors selected, the business-worthiness of the use case, and the cost of the initiative. One such company has built a tool that predicts customer intent and behavior based on previous interactions and other market data. billion on 2027.

Risk 133
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Getting ready for artificial general intelligence with examples

IBM Big Data Hub

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. 46% of survey respondents in 2024 showed a preference for open source models.

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CIOs confront generative AI’s workplace X factor

CIO Business Intelligence

Consequently, one of the CIO’s top priorities for 2024 is discovering and uncovering the added value human workers can concretely achieve using LLMs — and much of this remains unknown. More benefit may come from a process or technology improvement instead of broad application of AI to ‘fix’ problems,” he says.

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What is synthetic data? Generated data to help your AI strategy

CIO Business Intelligence

Synthetic data can also be a vital tool for enterprise AI efforts when available data doesn’t meet business needs or could create privacy issues if used to train machine learning models, test software, or the like. Synthetic data can also lower costs when collecting or buying real-world data is prohibitively expensive.

Strategy 145
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6 benefits of data lineage for financial services

IBM Big Data Hub

With this expanded observability, incidents can be prevented in the design phase or identified in the implementation and testing phase to reduce maintenance costs and achieve higher productivity. Efficient cloud migrations McKinsey predicts that $8 out of every $10 for IT hosting will go toward the cloud by 2024.

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AI governance is rapidly evolving — Here’s how government agencies must prepare

IBM Big Data Hub

For instance, it is increasingly advisable to provide transparency to end users about the presence and use of any AI they are interacting with. For example, New York City published its own AI Action plan in October 2023, and formalized its AI principles in March 2024.

Risk 79
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Public cloud vs. private cloud vs. hybrid cloud: What’s the difference?

IBM Big Data Hub

A prime benefit of cloud computing for business is its flexibility for quickly and efficiently scaling resources to meet business demands, freeing organizations from investing time and expense into expanding their own physical IT infrastructure. Automation Automation tools are a significant feature of cloud-based infrastructure.